Refer & Earn Terms & Conditions

This INDmoney Global (INDG)'s refer & earn program (‘Program’) is offered, administered and controlled by INDmoney Global (IFSC) Private Limited having IFSCA Broker Dealer Registration No. IFSC/BD/2023-24/0016, having Registered office address: Office No. 507, 5th Floor, Pragya II, Block 15-C1, Zone-1, Road No. 11, Processing Area, GIFT SEZ, GIFT City, Gandhinagar – 382355 (“Company”).

These Program T&Cs shall be read in conjunction with, and not in derogation of, the INDmoney Platform’s Terms and Conditions, Global Access - Terms and Conditions, Privacy Policy, policies and procedures, account opening form(s), undertaking(s), authorization(s), and other applicable documents governing the use of securities trading services offered by the Company. These collectively constitute a legally binding agreement between you and the Company for participating in this Program.

By proceeding ahead and participating in the Program, Referrers (existing INDG US stock account holders) and Referees (new users) irrevocably and unconditionally acknowledge, accept, and agree to be bound by these Terms and Conditions (“T&Cs”), and such participation shall be deemed valid and binding consent to these T&Cs, including any modifications made by INDG at its sole discretion, with continued participation constituting acceptance of such modifications.

  • You can invite your friends & family by sharing your referral link / code via WhatsApp or other similar functionality to open their US Stocks Trading account (‘US Stocks Account’) via INDmoney Platform.
  • The offer is valid from 1-Sept-2025, till it lasts and is applicable for new users i.e., the users who are newly introduced by the Referrers.
  • Eligible users who have successfully opened and have an active US Stocks Account with Company would be permitted to participate in the Program. The Company reserves the to introduce additional eligibility criteria at its sole discretion and without prior notice.
  • This Program is strictly applicable only to users who complete their account opening journey through the INDmoney mobile application. Users completing the account opening via the INDmoney website shall not be eligible under the Program. The Company reserves the absolute right to determine, verify, and disqualify any user’s eligibility under the Program at its sole discretion, without prior notice and without incurring any liability.
  • Successful Referral: Referrer’s friend(s) need to complete their KYC, successfully open their US Stocks account with the Company by using Referrer’s referral link/code within thirty (30) days from the date of registration on the mobile application and making a qualifying deposit equivalent to INR 5,000 or more (in a single transaction), within 30 days of US Stocks Account registration and and maintaining compliance with all INDG onboarding and KYC requirements (‘Successful Referral.’). For clarity, successful opening of the US Stocks Account implies when the account is opened after complete document & application verification in line with the regulatory guidelines, and internal policies and procedures of the Company.
  • Referral Reward(s): Both Referrer and Referee will be eligible to receive referral reward(s), depending on the Referral Program that the Referrer is eligible and has participated hereunder. The Company may simultaneously run multiple referral programs and may offer different referral incentive rates across different referring persons as Referral Reward(s) to the extent and for the period of the limited period Program.
    • One-Time Referral Reward(s): For eligible users under One-Time Referral Reward category, both Referrer and Referee will be entitled to receive a one-time referral reward i.e., USD 3 or such referral reward amount per the applicable referral program against each Successful Referral (‘One-Time Referral Reward’). Please note, the One-Time Referral Reward shall always be subject to the applicable referral program offered by the Company and participated by the Referrer. The One-Time Referral Reward(s) may be subject to applicable taxes (if any). No Referral Reward shall be applicable for more than five referrals i.e., there shall be no further Referral Reward(s) for any friend(s) you refer to in that calendar month; however, Referrer can share as many referrals as desired.
    • The One-Time Referral Reward can be claimed by Referrer and Referee respectively, post completion of Successful Referral, in following manner: On completion of Successful Referral, Referrer and Referee can claim the One-Time Referral Reward by claiming the applicable reward card. IMP Note: The reward may only be used for transactions to invest in US Stocks through the INDmoney Platform and cannot not be withdrawn, transferred, or exchanged for cash or clubbed with any other products and services of the INDmoney Platform under any circumstance(s). The Referrer and Referee can claim the One-Time Referral Reward within thirty days of being eligible for the One-Time Referral Reward card. After thirty days the One-Time Referral Reward card shall expire, and the Referrer & Referee shall not be eligible to claim the One- Time Referral Reward.
  • Regardless of any referral program offered by the Company, the total Referral Rewards are capped at a maximum of Rs. 17,500 (Rupees Seventeen Thousand Five Hundred Only) per user per financial year (April 1 to March 31). Once a Referrer or Referee 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 or Referee becomes eligible for a reward that exceeds the remaining balance of the cap, the reward will not be processed, and no partial payments will be made once the aforementioned cap has been reached.
  • The Referrer and 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.
  • Company at its sole discretion, reserves the right to either temporarily or permanently, withdraw or suspend the Program at any time without giving any notice or assigning any reason for the same, whether in respect of one or more user. In the event of cancellation of the program being regulatory or for any other non-avoidable reason, all the future Referral Rewards (whether accrued or unclaimed) shall stand forfeited forthwith.
  • Only individuals resident in India who are eligible to remit funds under the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India are permitted to participate in this Program. The aggregate overseas remittance by a participant, including any qualifying deposit under these T&Cs, shall not exceed USD 250,000 in any financial year, as prescribed under FEMA and the LRS master direction. Participants must ensure that their total remittances under LRS (including through other banks or intermediaries) stay within this limit.
  • This Program relates exclusively to investments in listed equity securities in the United States. Margin trading, short-selling, derivatives (futures, options, swaps), and any leverage-based products are expressly excluded for residents of India, in line with FEMA and LRS restrictions. INDmoney Global will block or reverse any trades that are non-permissible for Indian residents.
  • Indian-resident Referrers and Referees acknowledge that, under current RBI and IFSCA regulations, they are prohibited from using LRS proceeds for trading in derivatives or any product that results in contingent liability. Any attempt to do so will lead to immediate account suspension and forfeiture of all accrued Referral Rewards.
  • Referral Rewards are denominated in United States Dollars (USD). Participants bear the currency-exchange risk between USD and Indian Rupee (INR). Exchange-rate fluctuations may increase or decrease the INR equivalent of rewards and investments. INDmoney Global shall not be liable for any forex losses.
  • Upon the Referrer opting to close their US stocks Account, they may have the option to redeem the remaining accumulated referral amount or any outstanding amount by investing in US Stocks with the Company subject to timelines as enumerated in the Reward(s). For clarity, it expressly stated that, in the event of the Referrer closing their US stocks Account, any previously accrued referral amount will not be available for redemption, and it will be forfeited. Provided, however, this clause shall not be applicable to the Referrer’s whose US stocks Account is deactivated or closed under this instructions received from regulator, Exchanges, law enforcement agencies or other government bodies, or whose US stocks Account is suspended / deactivated / freezed / closed by Company on account of such US stocks Account found to be in violation of Company’s policies, procedures and/or terms and conditions.
  • Any user who opens a new account after closing / deleting the existing account shall not be considered as Successful Referral and as such shall not be eligible for Referral Reward(s).
  • Company 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 Program.
  • For queries/complaints pertaining to redeeming of the rewards mentioned in the refer and reward section, Referrer or Referee can raise a ticket via help section within US stocks refer & earn section.
  • The Referrer shall not undertake any form of selling / advisory activities in secondary market w.r.t securities and will not manage the portfolio of Referee. Referrer shall strictly limit his / her role to “Referral” only.
  • Company’s decision on the computation of Referral Rewards, validity and redemption thereto shall be final, conclusive and binding on Referrer and Referee. Referrer and Referee undertakes and assure that Referrer shall not recover or attempt to recover any type of incentive / commission / fees from the Referee and represents that Referrer has not entered or offered to enter into any kind of financial transaction between Referrer and the Referee.
  • Company reserves the right to carry out checks & controls as it deems fit and proper, before disbursal of the referral reward amount to the Referrer or Referee, including but not limited to verifying that the Referrer holds an active INDG US stocks Account on the date of processing the rewards, Referee US stocks account having clear and unencumber wallet funding in US stocks account. Referrer or Referee who fails to meet this condition will not be eligible to receive rewards.
  • Any grievances related to the above scheme/offer/campaign would not be entertained under investor protection or grievance redressal measures of the Exchange. The grievance related to the scheme shall be addressed by Company’s grievance redressal mechanism and will not be governed by any other grievance redressal forum of regulator/s.
  • If the details provided for referral(s) are incomplete / incorrect / invalid / duplicate, the Referrer who has provided a reference or the Referee who has been referred shall be entitled to any Referral Reward under the Program.
  • The Company reserves the right, at its sole discretion, to adjust, set off, or withhold the reward amount in part or in full, if the Referrer or Referee has any outstanding debit balance in their US Stocks Account. This may include, but is not limited to, scenarios where the Referrer’s or Referee’s account reflects unpaid charges, fees, negative balances, or any other financial obligations owed to the Company. In such cases, the Company may offset the referral reward amount against the outstanding balance or decline to process the reward until the balance is settled in full. The Company may also refuse to issue any future rewards until all financial obligations are cleared. To the maximum extent permitted by law, INDG disclaims liability for losses or damages arising from or related to the Program, including denial or reversal of rewards.
  • This offer cannot be combined with any other offer.
  • 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 Referrer and also result in immediate termination and disqualification from the Program, forfeiture of existing referral invitations and accrued, but not yet received, Referral Rewards:
    • Spam, bulk distribution of invitations, distribution to strangers or any other promotion of Company’s Referral offer through invitations that would constitute or appear to constitute unsolicited commercial e-mail, SMS, publishing any article or content about Company’s products, services etc.
    • 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 Company’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, signs or billboards, 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.
    • Fraud, attempted fraud or abuse of the Company’s Program or these Terms & Conditions.
    • 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.
    • Organising competitions, contests online, posting content about Company etc.
    • Any act or omission resulting in damage to Company in any form whatsoever in nature.
  • INVESTMENT IN SECURITIES ARE SUBJECT TO MARKET RISK PLEASE READ ALL DOCUMENTS BEFORE INVESTING.
  • This T&C is subject to guidelines/ directions issued by any applicable competent authority from time to time.
  • INDmoney Global does not offer any banking and remittance facility. Kindly check the rates, terms and conditions relating to banking & remittance facilities prior to opening of a bank account. INDmoney Global will not incur personal financial liability in relation to or arising from any claims, disputes or issues pertaining to remittance, and/or other banking facilities.
  • US Stock brokerage services are provided by US Securities Exchange Commission (SEC) registered Stock Broker-Dealer(s). Relevant SEC and FINRA fees apply. Customers are solely responsible for any and all orders placed by them and understand that all orders are unsolicited and based on their own investment decisions. All processes & trading activities related to US stocks are executed by US stock-brokers directly with clients and INDmoney Global will not incur any personal financial liability and INDmoney Global shall not be liable for any loss or damage of any kind arising out of investments from these products.
  • Company reserves the right to amend, modify, change, add or terminate the Program or discontinue this Program without any prior notice to Referrer or Referee on their registered email id or registered phone number or by way of public notice or by way of written communication to registered address. The Program or limited period Program may or may not be available to all users who have opened the US Stocks Account with the Company and/or may or may not be available in all geographical regions. The Company reserves complete right and authority to decide the availability of Program for the Users, and the decision of the Company shall be final and binding. In case there is any discrepancy or dispute regarding this Program, the decision by Company shall be final and binding, neither Company nor any third party shall have any liability towards any Referrer/Referee. The Company’s decision on Successful Referral shall be final and binding.
  • Any change in law, regulation or regulatory directive, including but not limited to RBI, FEMA, SEBI or IFSCA circulars, shall automatically be deemed incorporated into these T&Cs from its effective date. INDmoney Global may publish an updated version for information purposes; however, continued participation after such change constitutes deemed acceptance
  • This T&Cs are governed by the laws of India, without giving effect to conflict-of-laws provisions. Courts located in Gujarat` have exclusive jurisdiction over disputes relating to this Program, and all other agreements entered between Customer and Company, except when arbitration is provided. Customer waives any objection to the bringing of any proceedings in any such court by Company and agrees not to claim that such proceedings have been brought in an inconvenient forum or that such court does not have jurisdiction over it. However, the foregoing shall not prevent Company from bringing an action in any court of any other jurisdiction, in its discretion. In all judicial actions, arbitrations or dispute resolution methods, the parties waive any right to punitive damages.