- The US Stock Funding Rewards Program (‘Program’) is designed, organized and administered by INDmoney Global (IFSC) Private Limited (“INDG”), who utilizes INDmoney mobile application, and website, www.indmoney.com (‘INDmoney Platform’). For clarity, this Program is not designed, administered and/or organized by any entities including holding company or holding company’s subsidiary companies or any social media platform where the Program may be promoted.
- By participating in this Program, you agree to be legally bound by and abide by these terms & conditions (“T&C”) read along-with INDmoney(s) General Terms and Conditions, Global Access - Terms and Conditions,Privacy Policy and other policies as made available on INDmoney Platform or in any other mode.
- The Program is valid from 1-Sept-2025 till it lasts.
- ELIGIBILITY AND CRITERIA:
- A participant must (i) be a citizen and resident of India, ≥18 years of age; (ii) hold a registered INDmoney Platform account; and (iii) be eligible to remit funds abroad under the RBI Liberalised Remittance Scheme (“LRS”).
- The Program is open to (a) first-time users (“New Users”) and (b) existing INDmoney users who hold a US Stocks account but have never funded it (“Qualified Users”).
- A participant must complete a single-tranche funding of ₹5,000 or more to the US Stocks account via the Eligible Mode (“Funding Criteria”). INDG may vary the Funding Criteria for specific users at its discretion.
- A Qualified User who satisfies the Funding Criteria will earn a one-time reward of USD 3 (“Reward”). INDG may, at its discretion, offer differential rewards to different users.
- The Reward becomes claimable only after the funding amount is successfully credited to the US Stocks account. The user must tap/swipe the in-app reward card to claim it.
- Reward eligibility and redemption are available only on the INDmoney mobile application.
- Residents of any State/UT where such rewards are prohibited by law are excluded.
- Failure to follow INDG’s instructions for claiming a Reward will result in forfeiture. INDG’s determination of eligibility, reward value and redemption is final and binding.
- The Reward provided will be subject to adherence to all relevant statutory regulations and procedures associated with these Rewards. If the User fails to comply with INDG instructions for claiming the Rewards, INDG reserves the right, at their sole discretion, to retract and/or forfeit the Reward.
- INDG holds the right to extend / cancel / discontinue / withdraw / modify, or alter the Program and/or Reward, including the eligibility criteria, terms and conditions at any time, at its sole discretion and without prior notice. This action may be necessary due to business requirements, changes by regulatory authorities, statutory alterations, or any other reasons beyond their control. Such changes are binding on the User, and no queries or complaints regarding these modifications will be entertained. In such circumstances, the Company reserves the absolute right to forfeit or retract any Rewards granted and accumulated by the User. For any disputes or discrepancies, INDG' decision will be considered final and binding.
- This T&C is subject to guidelines/ directions issued by any applicable regulatory authority from time to time.
- INDG shall not bear responsibility for any claims made by Users or third parties resulting from failures beyond the reasonable control of INDG. Specifically, this includes, but is not limited to, technical failures in device connectivity (such as mobile phones, computers, laptops, or any electronic device), delays in sending or receiving SMS related to Rewards, any form of delay, actions initiated, conducted, or completed through electronic devices, server failures, or any technical issues leading to the inability of Users to perform certain actions or inability on the part of the Company to distribute such Reward.
- Participation is open only to persons resident in India who are eligible to remit funds abroad under RBI’s Liberalised Remittance Scheme (LRS). The cumulative overseas remittances of each participant, including the funding made pursuant to this Program, must stay within the USD 250,000 limit prescribed for the relevant financial year. INDG may decline or reverse any transaction that breaches the LRS ceiling.
- This Program facilitates investment in listed equity U.S. equity securities only. Margin trades, short-selling, derivatives, cryptocurrency or any product that creates a contingent liability are expressly prohibited for Indian-resident users under current RBI/IFSCA rules.
- Funding and Rewards are denominated in United States Dollars. Participants bear all currency-conversion fluctuations and cross-border-settlement risks. INDG shall not be liable for FX losses or delays arising from international banking channels.
- FORCE MAJEURE: The availability of this Reward(s) is subject to unforeseen circumstances beyond control, including but not limited to floods, natural disasters, war, acts of terror, political unrest, technical issues, unforeseen legal changes, pandemics, or any event beyond the reasonable control of INDG ("Force Majeure Event"). INDG shall not be held liable for any delays in the Reward(s) resulting from a Force Majeure Event.
- Failure by INDG to enforce any of their rights at any stage does not constitute a waiver of those rights. Further, INDG may assign any of its rights within the Reward(s) offered by it to any party without prior intimation to User/s.
- The User/s hereby agrees and undertakes not to hold INDG, its holding, affiliate, associate, group company(ies), and each of their respective directors, officers, employees responsible or liable for, any actions, claims, demands, losses, damages, costs, charges and expenses, either direct or indirect or consequential that User/s may suffer, or may arise, by way of and /or on account of the offer/program/rewards. Notwithstanding anything to the contrary, in case of any dispute, maximum aggregate liability of INDG, shall not exceed the value of the assured Reward/s.
- The Reward(s) offered by the Company cannot be combined with any other Rewards offered on the INDmoney Platform and are non-transferable in nature.
- Users acknowledge that Reward(s) offered are part of promotional activities subject to the Company's discretion. These rewards may have geographic or time limitations. TDS (and other taxes) may apply as per applicable tax laws.
- The Company has not designated anyone as an agent for Rewards redemption. Users are cautioned against fraudulent activities and advised to avoid unauthorized links or payments.
- Upon deletion of Your Account from the INDmoney Platform, all accumulated, accrued, earned, unclaimed, Reward(s) will be forfeited or retracted by the Company without any further notice or compensation to You.
- The user can claim the reward within thirty days of being eligible for Reward card. After thirty days the Reward card shall expire, and the user shall not be eligible to claim the Rewards.
- Any person who opens a new account after closing the existing account will not be considered as Qualified User(s) for the purpose of this Program and as such shall not be eligible for Reward(s).
- Any change in RBI, FEMA, SEBI or IFSCA regulations shall automatically amend these T&C from its effective date; continued participation constitutes deemed acceptance.
- Any grievances related to Rewards would not be entertained under investor protection or grievance redressal measures of the Stock Exchange/s of India or by the Bank. The grievance related to the Rewards shall be addressed by our grievance redressal mechanism and will not be governed by any other grievance redressal forum of regulator/s. All such queries/complaints/grievances regarding Rewards shall be directed directly to the Company. User acknowledges that US stocks (Global access transactions) are not Exchange traded funds and all disputes related to US stocks services will not have access to the Rights of investors or investor protection; Dispute resolution mechanism; and Investor grievance redressal mechanism of the recognised stock exchanges in the IFSC.
- DISCLAIMERS :
INVESTMENT IN THE SECURITIES MARKET ARE SUBJECT TO MARKET RISK, READ ALL THE RELATED DOCUMENTS CAREFULLY BEFORE INVESTING. US STOCKS ARE NOT EXCHANGE TRADED FUNDS IN INDIA AND INDG ACTS IN THE CAPACITY OF FACILITATOR OF THIS PRODUCT. ALL DISPUTES WITH RESPECT TO THE TRANSACTION FACILITATION SERVICES, WOULD NOT HAVE ACCESS TO INDIAN /IFSC EXCHANGE INVESTOR REDRESSAL FORUM OR ARBITRATION MECHANISM IN INDIA. THE RETURNS DISPLAYED ON OUR PLATFORM; ADVERTISEMENT AND PROMOTIONAL MATERIAL IS JUST FOR REFERENCE PURPOSE AND SHALL NOT BE CONSIDERED AS ANY KIND OF ADVICE OR RECOMMENDATION. PLEASE NOTE THAT PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RETURNS.
YOU HEREBY EXPRESSLY ACKNOWLEDGES AND AGREES THAT INDG ITS OFFICERS, DIRECTORS, PERSONNEL, EMPLOYEES AND ITS GROUP COMPANIES SHALL NOT BE LIABLE TO YOU OR TO ANY OTHER PERSON, AS A RESULT OF YOUR ACCESS OR USE OF SERVICES / PRODUCT INCLUDING ANY INDIRECT, CONSEQUENTIAL, SPECIAL, INCIDENTAL, PUNITIVE, OR EXEMPLARY DAMAGES.
YOU HEREBY AGREE AND UNDERSTAND THAT THIS IS NOWHERE TO BE CONSIDERED AS AN INVITATION OR SOLICITATION OR ADVERTISEMENT FOR SOLICITATION AND/OR FOR INVESTMENT AND/OR TO AVAIL ANY PRODUCTS AND/OR SERVICES FROM THE COMPANY AND/OR FROM INDMONEY PLATFORM. THIS PROGRAM IS NOWHERE TO BE CONSIDERED AS AN ADVICE OF RECOMMENDATION. COMPANY MAKES NO WARRANTY IN ANY NATURE WHATSOEVER WITH RESPECT TO FITMENT OF THE PRODUCT OR MERCHANTABILITY OR SUITABILITY OF THE PRODUCT AS PER YOUR NEEDS, OR ANY OTHER BENEFITS SUCH AS TAX BENEFITS ASSOCIATED WITH THE PRODUCT.
COMPANY HAS TAKEN COMMERCIALLY REASONABLE EFFORTS TOWARDS GUARDING AGAINST UNAUTHORIZED USE OF ANY INFORMATION TRANSMITTED BY THE USER, HOWEVER, COMPANY NOR ITS AFFILIATES MAKE NO REPRESENTATIONS OR GUARANTEES THAT THE SERVICES PROVIDED BY / THROUGH IT WILL NOT RESULT IN THEFT AND/OR UNAUTHORIZED USE OF DATA OVER THE INTERNET.
COMPANY MAY USE THIRD PARTY SERVICES OR OTHER SERVICE PROVIDERS TO FACILITATE USERS IN RECEIVING SUCH REWARDS, SUCH FACILITATION IS OFFERED ON “AS IS” AND “AS AVAILABLE BASIS”. COMPANY MAKES NO REPRESENTATION THAT SUCH SERVICES WOULD BE FREE OF VIRUSES, OR ERROR FREE OR UNINTERRUPTED OR FIT FOR YOUR INTENDED PURPOSE. ANY FRAUDULENT TRANSACTION / ATTEMPT WILL ATTRACT ACTION UNDER APPLICABLE LAW(S).
COMPANY IS NOT A US STOCK BROKER NOR DOES IT OPEN(S) OR MAINTAIN(S) ANY BROKERAGE ACCOUNT(S). COMPANY DOES NOT PROVIDE BROKERAGE SERVICES OR ANY INVESTMENT ADVICE TO ITS USERS / CUSTOMERS WITH RESPECT TO REMITTANCES AND MERELY ACTS AS A FACILITATOR FOR OPENING OF US STOCKS ACCOUNT. THE USER / INVESTOR AGREES THAT ALL THE DECISIONS PERTAINING TO THE REMITTANCES ARE THEIR OWN INFORMED DECISION.INDG WILL NOT INCUR ANY PERSONAL FINANCIAL LIABILITY AND INDG SHALL NOT BE LIABLE FOR ANY LOSS OR DAMAGE OF ANY KIND ARISING OUT OF INVESTMENTS FROM THESE PRODUCTS.
USER/S HEREBY EXPRESSLY ACKNOWLEDGE, CONFIRM AND AGREE THAT INDG AND ITS GROUP COMPANIES DOES NOT MAKE ANY REPRESENTATIONS, RECOMMENDATIONS, PROJECTIONS, WARRANTIES OR GUARANTEES OF ANY KIND, EITHER EXPRESSED OR IMPLIED, AS TO THE PERFORMANCE OF ANY INVESTMENT OR ANY OTHER PRODUCTS WITH RESPECT TO FUTURE PRICES OR ANY RETURN ON INVESTMENT. WE WILL NOT BE LIABLE FOR ANY LOSSES OR DAMAGE CAUSED BY RELIANCE ON INFORMATION OBTAINED IN ANY OF OUR LITERATURE, REPORTS, E-MAIL CORRESPONDENCE, WEBSITE, PLATFORM AND/OR ANY OTHER COMMUNICATION FROM US.
PLEASE READ ALPACA CUSTOMER AGREEMENT, DRIVEWEALTH CUSTOMER AGREEMENT, US STOCK FAQS PRIOR TO AVAILING / INVESTING IN US STOCKS. COMPANY ASSUMES NO RESPONSIBILITY NOR SHALL BE LIABLE IN ANY MANNER WHATSOEVER FOR ANY AND ALL LOSSES, CLAIMS, DAMAGES, PROCEEDINGS, PENALTIES, SUITS, ACTIONS ARISING OUT OR IN RELATION TO UNAVAILABILITY OF TECHNOLOGY AND SERVICES PROVIDED BY COMPANY, FAILURE TO ACCESS USER ACCOUNT DUE TO NON-AVAILABILITY OF COMPANY’S SERVICES OR POSSIBLE DOWNTIME OF THE PLATFORM, ANY ACT OF OMISSION OR COMMISSION BY US STOCK BROKER, DEFICIENCY OF SERVICES FOR AND ON BEHALF OF US STOCK BROKER.