TERMS AND CONDITIONS FOR UPI GIFT REFERRAL PROGRAM

These Terms and Conditions ("Terms") govern the UPI Gift Referral Program ("Gift Program") independently offered by INDmoney Tech Private Limited (Formerly known as Finzoom Investment Advisors Private Limited) ("INDmoney", "we", "us" or "our") on the INDmoney Platform ("Platform") without any reference to its group companies/subsidiaries

By participating in the Gift Program, you ("User", "Your", or "You") acknowledge that you have read, understood, and agree to be bound by these Terms, as well as INDmoney's General Terms and Conditions and Privacy Policy. These Terms are in addition to and do not supersede or replace any other agreements between You and INDmoney, including those pertaining to the use of the Platform or any other services offered thereon.

Under this Gift Program, selected referring Users ("Referrers") may gift rewards to new users ("Referees") subject to the fulfillment of certain conditions as outlined in these Terms.

The UPI Gift Referral Program is a referral-based gifting campaign designed to encourage new user onboarding via peer sharing. Selected INDmoney users (“Referrers”) can send gift links to their contacts. The referred user (“Referee”) becomes eligible for a ₹25 reward after completing their first UPI transaction upon sign-up through the referral link.

Eligibility for participation as a Referrer in the Gift Program is extended exclusively to selected existing Users of the INDmoney Platform as determined by INDmoney at its sole discretion. INDmoney reserves the right, at its sole and absolute discretion, to determine/modify eligibility for the Gift Program and may, without prior notice or obligation to provide reasons, exclude any User from participating in the program.

Referee Eligibility

To be eligible as a Referee under this Gift Program, the individual must:

    1. Be entirely new to INDmoney, i.e., must not have registered with INDmoney at any point in the past (verification will be conducted via mobile number check)
    2. Have a valid Indian mobile number and PAN card
    3. Be at least 18 years of age
    4. Be a resident of India
    5. Not be an employee, contractor, or immediate family member of an employee of INDmoney or its affiliated companies

To be eligible as a Referee under this Gift Program, the individual must:

Referral Link Distribution

All Users eligible as Referrers shall be assigned a unique referral link for the purpose of the Gift Program ("Referral Link"). The Referral Link shall be accessible to the Referrer through their account on the INDmoney Platform.

To initiate the referral process, the Referrer must share their unique Referral Link, as assigned by INDmoney, with the Referee. It is the sole responsibility of the Referrer to ensure that the Referral Link is communicated accurately to the Referee.

Qualifying Actions for Gift Reward

For a referral to be considered successful and for the Referee to receive the gift reward, the following conditions must be met:

    1. The Referee must click on the shared Referral Link
    2. The Referee must download the INDmoney app through that link
    3. The Referee must complete the sign-up process on the INDmoney Platform, including profile verification by validating PAN
    4. The Referee must successfully complete their first UPI transaction of any amount within 30 days of registration, subject to all UPI transactions except for product/services offered by INDmoney Group Companies as listed on the INDmoney Platform and self-transfers.

INDmoney shall verify the authenticity and eligibility of each referral before confirming the gift reward. This verification process may include, but is not limited to:

    1. Confirmation that the Referee is a new user based on mobile number verification
    2. Verification that the Referee completed the onboarding through the Referrer's unique Referral Link
    3. Confirmation that the Referee completed their first UPI transaction
    4. Anti-fraud checks to ensure compliance with these Terms

Each Referrer is assigned a maximum of 25 gifts to distribute. Once a Referrer has exhausted their quota of 25 gifts, the referral widget or card will no longer be shown in their app interface, and they will not be able to participate further in the Gift Program until and unless INDmoney, at its sole discretion, allocates additional gifts.

Gifts are allocated on a first-come-first-serve basis and subject to availability. INDmoney reserves the right to limit the total number of gifts available under the Gift Program.

Upon meeting all the referral conditions specified hereinunder, the Referee will receive a ₹25 reward in their "Rewards" section of the app. The reward will be credited within 7 business days of completing the qualifying action.

The gift reward must be claimed by the Referee within 30 days of allocation. Once claimed, the reward remains valid for 365 days from the date of claiming. Unclaimed rewards will expire after the 30-day claim period, and no extensions will be provided. The claimed reward must be used within the INDmoney Platform as per the general reward usage guidelines of INDmoney. The rewards can in no case be used to add money to wallet in INDstocks, or to avail any other service on the Platform.

The cumulative value of all rewards shall not exceed ₹17,500 (Rupees Seventeen Thousand Five Hundred only) per User, per financial year (April 1st – March 31st). Once a Referrer has claimed rewards up to this limit, they will no longer be eligible to receive or accumulate any additional rewards within the same financial year. For clarity, if a Referrer becomes eligible for a reward that exceeds the remaining balance of the ceiling limit, the reward will not be processed, and no partial payments will be made once the aforementioned cap has been reached.

The Gift Program is accessible only to a select user group, chosen at INDmoney's discretion. The selection criteria for Referrers is proprietary and may be modified by INDmoney at any time.

The Gift Program shall remain valid until explicitly terminated by INDmoney. INDmoney reserves the right to extend, shorten, or terminate the Gift Program at any time without prior notice.

Referrer agrees that the following activities are expressly prohibited and engaging in any of these will lead to initiation of legal and criminal action against you and also result in immediate termination and disqualification from the Gift Program, forfeiture of existing referral invitations and accrued, but not yet received, Gift Rewards:

    1. Spam, bulk distribution of invitations, distribution to strangers or any other promotion of INDmoney Gift Program through invitations that would constitute or appear to constitute unsolicited commercial e-mail, SMS, publishing any article or content about INDmoney's products, services, etc
    2. Advertisement of any kind in any form on any medium print, audio visual form, web, etc. including social media (Facebook, Twitter, WhatsApp, Instagram, YouTube etc.), or spam under any applicable law or regulation. (Advertisement includes all forms of communications like any information about INDmoney's products, services, etc., form of document, pamphlets, circulars, brochures, notice or any research reports or any other literature or information, material published, or designed for use in a newspaper, magazine, SMS or other periodical, radio, television, telephone or tape recording, video tape display, motion pictures, telephone directories (other than routine listings) or other public media including any generally accessible websites or emails, whether in print or audio visual form or used in workshop/seminar or public speaking or in any other manner. This also includes social media including but not limited to Facebook, Twitter, Instagram, YouTube, WhatsApp, etc.
    3. Creating fake or multiple accounts to participate in the Gift Program
    4. Use of automated systems, bots, scripts, or any other technological means to artificially increase referrals
    5. Purchasing, selling, or trading of referral links
    6. Self-referral through the use of secondary accounts
    7. Manipulating or attempting to manipulate the referral tracking system
    8. Fraud, attempted fraud or abuse of the INDmoney's Gift Program or these Terms & Conditions.
    9. Selling, trading, bartering or providing anything of value to your Invitee beyond the referral invitation or otherwise using Your Program invitations or Rewards for promotional purposes.
    10. Organising competitions, contests online, posting content about INDmoney etc.
    11. Any act or omission resulting in damage to INDmoney in any form whatsoever in nature.

INDmoney reserves the right, at its sole discretion, to:

    1. Delay or withhold the crediting of any Gift Reward pending verification of compliance with these Terms and the absence of any fraudulent, abusive, or illegal activity
    2. Deny, revoke, or seek the return of any Gift Reward if it determines, in its sole discretion, that the Gift Reward was issued in error or that the Referrer or Referee has engaged in any fraudulent, abusive, or illegal activity or has otherwise violated these Terms
    3. Impose limits on the number of Gift Rewards that may be earned by any Referrer within a specified time period
    4. Modify, suspend, or terminate the Gift Program, or an individual's ability to participate in the Gift Program, at any time and for any reason, without prior notice or explanation
    5. Revoke access to the Gift Program from any User at any time without prior notice
    6. Implement additional eligibility criteria, checks and/or verification criteria as deemed necessary to determine whether or not a transaction/referral is eligible for rewards, which may include but not be limited to implementing de- dupe checks on transactions, cards, PAN, KYC
    7. In event, if in sole discretion of INDmoney, INDmoney reasonably determines that a particular transaction and/or referral is not eligible for rewards, INDmoney shall forfeit/cancel the rewards for said customer, without any further liability

The Referrer and Referee shall be solely responsible for any taxes, duties, or other liabilities imposed by governmental authorities in connection with the receipt or use of any Gift Reward. INDmoney will not be held liable for any tax implications or obligations resulting from participation in the Gift Program.

INDmoney shall have the right to deduct or withhold any applicable taxes from any Gift Reward prior to crediting the same to the Referee. The Referee acknowledges that payouts made under this Program may be subject to Tax Deducted at Source (TDS) at such rate prevalent as per applicable law.

All Gift Rewards earned through participation in the Gift Program are strictly non- transferable. Under no circumstances can these Rewards be transferred to another User, exchanged for cash or any other form of currency, or used for any purpose other than those expressly authorized on the Platform.

In the event of account closure, voluntary or involuntary, any accumulated Gift Rewards will be immediately forfeited. INDmoney reserves the right to revoke or cancel any Gift Rewards if it determines, in its sole discretion, that such Rewards were obtained fraudulently or in violation of these Terms.

In the event of any dispute arising out of or in connection with the Gift Program, including but not limited to disputes regarding eligibility, reward calculation, or reward crediting, the decision of INDmoney shall be final and binding. Users agree to waive any right to contest INDmoney's decision in this regard. However, INDmoney commits to investigating any reported discrepancies or issues in good faith and will make reasonable efforts to resolve such matters in a fair and timely manner

These Terms shall be governed by and construed in accordance with the laws of India. Any disputes arising out of or in connection with these Terms or the Gift Program shall be subject to the exclusive jurisdiction of the courts in New Delhi, India. The User agrees to comply with all applicable laws, statutes, ordinances, and regulations regarding their use of the Platform, Services, and participation in the Gift Program.

INDmoney reserves the right to amend, modify, or update these Terms at any time without prior notice to the Users. Any such changes will be effective immediately upon posting the revised Terms on the Platform. It is the responsibility of the Users to regularly review these Terms to stay informed of any updates. Continued participation in the Gift Program after the posting of any changes to these Terms constitutes acceptance of those changes.

If any provision of these Terms is found to be invalid, illegal, or unenforceable, the remaining provisions shall remain in full force and effect.

INDmoney and any of its officers, directors, personnel and employees shall not be liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary and consequential in any way arising from this Gift Program.

THE PLATFORM, SERVICES, AND GIFT PROGRAM ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT ANY REPRESENTATION OR WARRANTY, WHETHER EXPRESS, IMPLIED, OR STATUTORY. BY USING THE PLATFORM, AVAILING THE SERVICES, OR PARTICIPATING IN THE GIFT PROGRAM, THE USER ACKNOWLEDGES THAT THEY HAVE READ THESE TERMS, UNDERSTOOD THEM, AND AGREE TO BE BOUND BY THEM. IF THE USER DOES NOT AGREE TO ANY OF THE TERMS HEREIN, THEY MUST NOT USE THE PLATFORM, AVAIL THE SERVICES, OR PARTICIPATE IN THE GIFT PROGRAM. INDMONEY SPECIFICALLY DISCLAIMS ANY IMPLIED WARRANTIES OF TITLE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

This offer cannot be combined with any other offer.