This section encapsulates certain important information and conditions regarding your / client’s Indian stock trading account (‘INDstocks Account’) and Demat account held with INDmoney Private Limited. INDmoney Private Limited bearing CIN U67100HR2021PTC098653 and having its registered office at 616, 6th Floor Suncity Success Tower, Sector 65, Gurugram, Haryana-122005, is carrying out stock broking activities and carries out the activities of depository participant. INDmoney Private Limited is registered with Securities & Exchange Board of India ("SEBI") bearing SEBI Registration No. INZ000305337, Trading and Clearing Member of NSE (90267, M70042) and BSE, BSE StarMF (6779) (‘Company’). The depository services for Client’s INDstocks Account will also be facilitated by Company having SEBI Depository Participant Registration No. IN-DP-690-2022 via CDSL Depository Participant ID: CDSL 12095500.
Client understands that, Client’s access and continued usage thereafter to Client’s INDstocks Account shall be subject to Client being completely compliant with all terms and conditions set-out herein under, INDmoney Platform Terms and Conditions, Privacy Policy, Policies and Procedures, read with all other documents that client have consented including but not limited to account opening form(s), undertakings, applicable laws, rules, guidelines, notifications, byelaws (as issued and amended from time to time).
The INDmoney Platform Terms and Conditions and these T&Cs shall be read harmoniously. In case of any conflict, these T&Cs shall prevail solely in relation to the Company’s online trading services.
Before proceeding further, the Company strongly recommends its client(s)/customer(s) to read and familiarize themselves with these terms and conditions. In terms of Information Technology Act, 2000, this document is an electronic record. Being generated by a computer system, it does not require any physical or digital signatures. Client’s acceptance to the terms and conditions shall be considered as Client’s consent on acceptance of these T&Cs.
Before availing online trading services offered by Company, the client shall be required to complete the registration process as may be prescribed from time to time. The Client shall follow the instruction given on the INDmoney Platform for registering himself as a client.
The Client hereby agrees that all investment and disinvestment decisions are based on the Client's own independent evaluation of financial circumstances and investment objectives. This extends to any and all decisions made by the Client on the basis of any information that may be made available on the Company’s website or mobile app (‘INDmoney Platform’). The Client shall not hold nor seek to hold the Company or any of its officer(s), director(s), partner(s), employee(s), agent(s) or holding, subsidiary(ies), affiliate(s) or business associate(s) or officer(s), director(s), partner(s), employee(s), agent(s) of holding, subsidiary(ies), affiliate(s), business associate(s) of the Company liable for any trading losses, cost of damage incurred by the Client consequent upon relying on investment information(s), research(s), opinion(s), advice(s), insight(s), report(s) or any other material / information of whatsoever nature available on the website, literature, brochure, message, communication issued or published by the Company or any other agency appointed / authorised by the Company. The Client must seek independent professional advice regarding the suitability of any investment decisions. The Client acknowledges and is aware that Company nor any of its employee(s), director(s), officer(s), agent(s), person(s) is / are authorized to give / offer any advice, recommendation, opinion, information or otherwise assist in undertaking the trade to the Client. Client hereby expressly agrees, understand and acknowledge that any and all trade placed by Client is of its own independent judgement or backed by professional advise and as such Client shall not solicit, rely or otherwise act upon any advice from the Company or any of its employees.
Username, Password and its Security
Client understands, and agrees that, username and password (4 digit PIN) is private, personal, sensitive and unique to Client. Client shall at all times keep its login credentials safe, secure and confidential. By inputting the login credentials Client confirms and certifies that it is Client only who is accessing the INDstocks Account and that Client shall not be impersonating any other person or entity. Company reserves the right to suspend or auto-logout Client from INDstocks Account and/or INDmoney Platform for security reasons or if the Company reasonably believes the activity in the Client’s account is suspicious or for any other reasons deemed appropriate by Company to ensure security of Client’s INDstocks Account and/or INDmoney Platform (in general).
Company’s trading terminal system adheres to Two-Factor authentication (2FA) secure system i.e., every Client has to enter into their login credentials using their Client ID and OTP, along with a 4 digit PIN. This 2FA mechanism is set in place as per SEBI & Exchange guidelines with respect to Internet Based Trading Rules.
The Client shall immediately inform the Company of any unauthorised use of the Client’s username or password with full details of such unauthorised use including the date of such unauthorised use, the manner in which it was unauthorisedly used, the transactions effected pursuant to such unauthorised use, etc. or if Client forgets the password or discovers a security flaw in Company’s online trading system. The Client acknowledges that Client is fully aware of and understands the risks associated with availing online trading services through the internet including the risk of misuse and unauthorised use of username and/or password by a third party and the risk of a person hacking into the Client’s account on the Company online trading system and unauthorisedly routing orders on behalf of the Client through the System. The Client agrees that Client shall be alone, fully liable and responsible for any and all unauthorised use and/or misuse of Client’s password and/or username and also for any and all acts done by any person through the Company online trading system on the Client’s username in any manner whatsoever.
Orders
All orders for purchase, sale or other dealings in securities and other instructions routed through the Company online trading system via the Client’s username shall be deemed to have been given by the Client.
The Client agrees to provide information relating to customer user identification number, and such other information as may be required while placing orders on the telephone to determine the identity of the client.
The orders, instructions and all contracts and transactions entered into pursuant thereto and the settlement thereof will be in accordance with the Exchange provisions.
The Company may from time to time impose and vary limits on the orders which the Client can place through Company’s online trading System (including exposure limits, turnover limits, limits as to the number, value and/or kind of securities in respect of which orders can be placed, the companies in respect of whose securities orders can be placed, etc.). The Client is aware and agrees that the Company may need to vary or reduce the limits or impose new limits urgently on the basis of the Company’s risk perception and other factors considered relevant by the Company, and Company may be unable to inform the Client of such variation, reduction or imposition in advance. The Client agrees that the Company shall not be responsible for such variation, reduction or imposition or the Client’s inability to route any order through Company online trading system on account of any such variation, reduction or imposition of limits. The Client understands and agrees that the Company may at any time, at its sole discretion and without prior notice, prohibit or restrict the Client’s ability to place orders or trade in securities through the Company.
Though orders will generally be routed to the Exchange’s computer systems within a few seconds from the time the order is placed by the Client on Company’s online trading system, the Company shall not be liable for any delay in the execution of any order or for any resultant loss on account of the delay. The Client agrees the Company may impose scrip wise surveillance or such other conditions as to scrip wise limits, etc. The Client also understands that Company may impose various surveillances which may differ from client to client on the basis of the Company’s risk perception and other factors considered relevant by the Company.
In case of a market order, the Client agrees that he will receive the price at which his order is executed by the exchange’s computer system; and such price may be different from the price at which the security is trading when his order is entered into the Company online trading system.
Opening of INDstocks Account
Client understands and agrees that in order to avail online trading services, Client shall be under an obligation to complete entire registration formalities as mandated from time to time on INDmoney Platform including completion of KYC, execution of account opening forms, furnishing of undertakings and/or such other documents as may be mandated by Company (from time to time). Client’s KYC will be completed in accordance with extant KYC guidelines issued by SEBI, read along with requirements mandated by BSE, NSE and CDSL from time to time basis the information furnished by Client.
Trading, settlement and accounts
The Client agrees that all orders placed through the mobile app shall be forwarded by the system to the Exchange. All orders placed otherwise than through the website shall be forwarded by the system to Exchange terminals or any other order execution mechanism at the discretion of the Company. In the event that the order is placed during the trading hours, it shall be routed to and executed on the market system.
Online confirmation will be sent to the Client by electronic mail or SMS after the execution of the order, trade and this shall be deemed to be valid delivery thereof by the Company. It shall be the responsibility of the Client to review immediately upon receipt, whether delivered to him by electronic mail or any other electronic means, all confirmations of order, transactions, or cancellations. It shall be duty and responsibility of the Client to follow up with the Company for all such confirmations that are not received by Client within a stipulated timeframe.
The Client shall bring any errors in any report, confirmation or contract note of executed trades (including execution prices, scripts or quantities) to Company’s notice in writing by an electronic mail within twenty-four hours of receipt of the concerned report, confirmation or contract note. Any other discrepancy in the confirmation or account shall be notified by the Client to the Company in writing via electronic mail within twenty-four hours from the time of receipt of the first notice. In all cases, the Company shall have a right to accept or reject the client’s objection.
There may be a delay in Company receiving the reports of transaction, status, from the respective exchanges or other persons in respect of or in connection with which Company has entered into contracts or transactions on behalf of the Clients. Accordingly, the Company may forward to the Client late reports in respect of such transactions that were previously unreported to him as expired, cancelled or executed. The Client shall not hold Company responsible for any losses suffered by the Client on account of any late reports, statements or any errors in the report / statements computed by or received from any Exchange.
The Client agrees that if, for any circumstance or for any reason, the markets close before the acceptance of the Order by the Exchange, the Order may be rejected. The Client further agrees and understands, that the Company shall reject Orders if the same are rejected by the Exchange for any reason. In case of rejection of an Order due to rejection by the Exchange, the Client agrees that the Order shall remain declined and shall not be re-processed, in any event.
The Company may, at its sole discretion, reject any Order placed on the mobile app or in any other manner due to any reason, including but not limited to the non-availability of funds in the Client’s INDstocks Account, non-availability of securities in the Demat account of the Client with a designated depository participant, insufficiency of margin amount if the Client opts for margin trading, suspension of scrip-specific trading activities by or on an Exchange and the applicability of circuit breaker to a scrip in which Orders are placed.
The Client agrees that, if the order is not accepted on the mobile app for any reason, the Company shall have the right to treat the order as being lapsed.
The Client is aware that the electronic trading systems either at the Exchange or in the Company offices, data centers, may be susceptible to temporary disruptions, interruptions, breakdowns or failures. In the event of non- execution of trade orders or trade cancellation due to the happening of such events or vulnerabilities due to failure / disruption / breakdown of system or link, the Company shall be entitled to cancel relative request(s) with the Client and shall not be liable to execute the desired transactions of the Client’s. In such an event, the Company does not accept responsibility for any losses incurred / that may be incurred by the Client due to such eventualities which are beyond the control of the Company.
Company may at its sole discretion permit execution of orders in respect of securities, irrespective of the amount in the balance of the account of the client.
The Client agrees to abide with and be bound by all the rules, regulations, notifications, circulars, instructions and bye-laws of the Exchange as are in force pertaining to the transactions on Client’s behalf carried out by the Company and the orders placed by Client on the mobile app or any other manner.
The Company shall not be responsible for any order that is made by the Client by mistake and every order that is entered by the Client through the use of the allotted username and the security code(s) shall be deemed to be a valid order for which the Client shall be fully responsible.
Cancellation or modification of any order pursuant to the Client’s request is not guaranteed. The order will be cancelled or modified only if the Client’s request for cancellation and/or modification is received, and the order is successfully cancelled or modified before it is executed. Market orders are subject to immediate execution wherever possible.
The Client shall not be entitled to presume an order having been executed, cancelled or modified until a written confirmation from Company is received by the Client. However, due to technical or other factors the confirmation may not be immediately transmitted to or received by the Client and such a delay shall not entitle the Client to presume that the Order has not been executed, cancelled or modified unless Company has confirmed in writing.
The pending orders shall be governed as per the exchange systems, after the market is closed for the day. Company shall issue contract notes in terms of the SEBI (Brokers and Sub-Brokers) Rules and Regulations, 1992, within twenty-four hours of the execution of the trade. Such a contract notes, if issued in physical form will be dispatched by Company via courier, at the address expressly communicated to Company by the Client. The Client agrees that Company shall issue the contract note in digital form which shall be sent by way of electronic mail on registered email address of the Client. Company shall, in no event, be responsible for the non-receipt of the trade confirmation including but not limited to change of the correspondence address of the Client not intimated to Company in writing. Client is aware that it is Client’s responsibility to review the trade confirmations, the contract notes, the bills or statements of account immediately upon their receipt. All such confirmations and statements shall be deemed to have been accepted as correct if the client does not object in writing to any of the contents of such trade confirmation / intimation within twenty-four hours to Company.
Company may allow / disallow Client from trading in any security or class of securities, or derivatives contracts and/or impose such conditions including scrip-wise conditional trading for trading as Company may deem fit from time to time.
Margin
The Client agrees and undertakes to immediately deposit with Company such cash, securities or other acceptable security, which Company may require as margin. The Client agrees that Company shall be entitled to require the Client to deposit with Company a higher margin than that prescribed by the Exchange. Company shall also be entitled to require the Client to keep permanently with Company a margin of a value specified by Company so long as the Client desires to avail of the Company’s online trading service(s).
The Margin will not be interest bearing. Company shall have irrevocable right and sole discretion to set off a part or whole of the Margin i.e., by the way of appropriating of the relevant amount of cash or by sale or transfer of all or some of the Securities which form part of the Margin, against any dues of the Client in the event of the failure of the Client to meet any of their respective obligations under these T&Cs.
The Client agrees and hereby grant authority to the Company to determine the market value of securities placed as margin after applying a haircut that Company may deem fit. The Client undertakes to monitor the market value of such securities on a continuous basis. The Client further undertakes to replenish any shortfall in the value of the margin consequent to a fall in the market value of such securities placed as margin immediately whether or not Company intimates such shortfall.
Company may at its sole discretion prescribe the payment of Margin in the form of cash instead of or in addition to margin in form of securities. The Client accepts to comply with the requirement of Company with regards to payment of Margin in the form of cash immediately. Without prejudice to the Company’s other rights (including the right to refer a matter to arbitration), the Company shall be entitled to liquidate / close out all or any of the Client's positions for non- payment of margins or other amount, outstanding debts, etc., and adjust the proceeds of such liquidation / close out, if any, against the Client's liabilities / obligations. Any and all losses and financial charges on account of such liquidation / closing-out shall be charged to and borne by the Client.
The Client agrees to abide by the exposure limits, if any, set by the Company or by the Exchange or Clearing Corporation or SEBI from time to time.
The Client is also aware that the Company is required to deposit sufficient margin with the Exchange to enable all its eligible Clients to trade subject to such limits as may be imposed by the Company on the basis of Company’s risk perception and other factors considered relevant by Company. However, there may be circumstances when the deposits made by Company with the Exchange may not be sufficient in times of extreme volatility and trading terminals of Company may get temporarily suspended because of the cumulative effect of non-meeting of obligation by various clients as per this agreement. In these circumstances, no client shall have the right to claim any damages from Company for any loss that they might incur on account of such suspension of trading.
The Client agrees that any securities / cash placed by him / her/ it as margin may in turn be placed as margin by Company with the Exchanges or banks or such other institution as Company may deem fit. The Client authorises Company to do all such acts, deeds and things as may be necessary and expedient for placing such securities/cash with the Exchanges/Banks/Institutions as margin. Any reference in these terms to sales or transfer of Securities by Company shall be deemed to include sale of the Securities which form part of the Margin maintained by the Client with Company. In exercise of Company's right to sell securities, the Client agrees that the choice of specific securities to be sold shall be solely at the discretion of Company.
Maintenance of trading account
Money pay-in to Company - The Client agrees that all payments due to Company shall be made within the specified time and in the event of any delay, Company may refuse, at its sole discretion, to carry out transactions or closeout the position and the costs/losses if any, thereof shall be borne solely and completely by the client. All payments made to Company shall be from the bank account of the client and shall not be from any third party.
Money payout to Company - Notwithstanding anything contained in any other agreement or arrangement, if any, between the parties hereto, the client hereby authorizes the Company to release all payments due to him from the trading account maintain with Company, against specific request on Client’s behalf.
Securities pay-in to Company - All delivery to be affected to Company for a trade, must be made within 24 hours from the execution of the sale order or one day before the pay-in date, whichever is earlier. Losses, if any, that may accrue in the event of a default in completing the delivery on the exchange by Company as a result of any delay in the delivery by the client, shall be borne solely and completely by the client. Losses for the purposes of this clause shall include auction debits/ penalty charges, if any incurred as a result of non-delivery of securities on the settlement date on the exchange. No third-party shares will be sold through Company or third-party payment should be made to Company and client will be solely responsible for any violation. If the client has sold any securities from the exchange against purchase in previous settlements, such sale shall be at the sole risk as to costs and consequences thereof of the client.
Securities pay-out by Company -Company may directly credit the demat account of the client as maintained with the Company.
Provided that if the order placed by the client through the mobile app or otherwise is for securities which are in the no-delivery period, such securities shall be credited to the trading account of the client only at the time of settlement of trades, as per the schedule of the Exchange. However, if any sum due from the client, Company may withhold the credit of securities to the demat account of the client. However, the client authorizes Company to withhold the securities to meet liabilities of client to Company under this agreement.
Company is entitled to consider any sum or money or security lying to the credit of the client as margin received.
Representations and warranties
The Client hereby warrants that he is legally permitted and capable of accepting and executing these T&Cs as a legally binding agreement and that by accepting these T&C’s, Client shall not be in contravention of any rights of any party with whom client has any agreements, at any time prior to the acceptance of these conditions. Client agrees to provide and continue to provide all details about themselves as may be required by Company, including but not restricted to PAN Number or Unique Identification Number (issued by SEBI), and states all details and facts represented to Company are true, complete and correct.
The Client is aware and acknowledges that trading over the internet involves many uncertain factors and complex hardware, software, systems, communication lines, peripherals, etc., which are susceptible to interruptions and dislocations; and the Company online trading service may at any time be unavailable without further notice / intimation. Company and the Exchange do not make any representation or warranty that the Company online trading service will be always available to the Client without any interruptions. The Client agrees that Client shall not have any claims against the Exchange or Company on account of any suspension, interruption, unavailability or malfunctioning of the Company’s online trading system or service of Company or the Exchange's service or systems for any reason whatsoever. Company states that it has complied with and will continue comply and if not, proposes to comply with statutory and regulatory directions to offer the Internet Trading services through the mobile app -INDmoney and for dealing in the cash segment of the exchange.
The Client warrants that all or any of the securities deposited by Client with Company in respect of margin requirements or otherwise, are owned by Client and the title thereof is clear and free of encumbrances.
The Client/s agree to indemnify, defend and hold Company harmless against any and all losses that may be suffered by Company, its customers or any third party or any claim(s) or action(s) that may be initiated by a third party which is in any way the result of improper use of user ID and password by the Client. The Client hereby confirms and warrants that the Client authorises Company to take all such steps on the Client’s behalf as may be required for provisions or to complete or settle any transactions entered into through or with Company or executed by Company on behalf of the Client. However, nothing stated herein under these T&C’s shall oblige or cast responsibility on the Company to take such steps.
Fees and brokerage
The Client agrees to pay Company any brokerage, commission, fees, goods and services tax and other taxes and transaction charges as agreed upon and due from time to time, as applied to such Client's account, transactions, and trading ledger by Company, for the services that the Client receives from Company.
All fees, brokerage, and charges on Company's platform are subject to change from time to time, subject to complying with rules prescribed by the Exchanges and SEBI, at Company's discretion, with due notification to the Client. Each time there is any change with respect to fees, charges, and brokerage, Company would notify all Clients by an email and/or SMS to their registered email ID and contact number with all details, along with the date of such changes being effective.
An updated schedule of charges, brokerage, fees, towards applicable services provided by the Company along with taxes and other mandatory transaction charges is made available here.
Third Party Aggregated Data
INDmoney Platform may display some content like mutual funds data, external ratings, research and other relevant data, information or elements that are externally sourced by the Company. Certain data may be displayed on “as is, as available basis” or some may be derived or processed to display data / information that is based on such external data or presented in a format that is largely suited to user experience. The entity providing such content is solely responsible for the accuracy of such data. Display of such data on INDmoney Platform shall not be considered as an investment advice or recommendation to buy, sell or hold any investment or security.
The contents available on INDmoney Platform shall not be considered as an invitation or persuasion to trade or invest. The contents herein mentioned are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product.
The information, data, analysis etc. provided on the INDmoney Platform cannot be reproduced or circulated, in whole or in part, without prior permission from the Company. The information appearing on the INDmoney Platform is obtained from sources believed to be reliable but INDmoney Platform or the entity providing such data does not guarantee that the information is complete or accurate and it should not be relied on as such. The information and data provided on the INDmoney Platform should not be construed, as an offer to sell or solicitation to buy or sell any securities. This information and data is provided for assistance only. Clients should make his/her own research, analysis and investigation to come at an independent evaluation of an investment (including the merits, demerits and risks involved), and should further take opinion of their own consultants, advisors before making any investment related decision.
Any and/or all Information/ market data/ analytics/ are prepared by third parties and is made available for Client’s information and interest. The Client shall hence not in any manner deem such Information/ market data/ analytics/ as emanating directly or indirectly from the Company. Neither the Company nor its affiliates nor any third party provider shall be responsible for or held liable for any time lag in the display of such data/information/ analytics. Neither any third party provider, nor the Company is / are under an obligation to update the Information/ data/analytics on the INDmoney Platform to reflect circumstances that may occur after the earlier of the date first appearing on the Platform or the date contained in the Information/content/data. The Client acknowledges and agree that INDmoney Platform is not responsible or liable to the Client for any content/data or other materials hosted and served from any website.
REPRODUCTION OF ANY INFORMATION, OPINIONS, VIEWS, DATA OR MATERIAL, INCLUDING RATINGS (“CONTENT”) IN ANY FORM IS PROHIBITED EXCEPT WITH THE PRIOR WRITTEN PERMISSION OF THE RELEVANT PARTY. SUCH PARTY, ITS AFFILIATES AND SUPPLIERS (“CONTENT PROVIDERS”) DO NOT GUARANTEE THE ACCURACY, ADEQUACY, COMPLETENESS, TIMELINESS OR AVAILABILITY OF ANY CONTENT AND ARE NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS (NEGLIGENT OR OTHERWISE), REGARDLESS OF THE CAUSE, OR FOR THE RESULTS OBTAINED FROM THE USE OF SUCH CONTENT. IN NO EVENT SHALL COMPANY OR CONTENT PROVIDERS BE LIABLE FOR ANY DAMAGES, COSTS, EXPENSES, LEGAL FEES, OR LOSSES (INCLUDING LOST INCOME OR LOST PROFIT AND OPPORTUNITY COSTS) IN CONNECTION WITH ANY USE OF THE CONTENT. A REFERENCE TO A PARTICULAR INVESTMENT OR SECURITY, A RATING OR ANY OBSERVATION CONCERNING AN INVESTMENT THAT IS PART OF THE CONTENT IS NOT A RECOMMENDATION TO BUY, SELL OR HOLD SUCH INVESTMENT OR SECURITY, DOES NOT ADDRESS THE SUITABILITY OF AN INVESTMENT OR SECURITY AND SHOULD NOT BE RELIED ON AS INVESTMENT ADVICE. CONTENT PROVIDER OR THEIR SUPPLIERS HAVE EXCLUSIVE PROPRIETARY RIGHTS ON THE CONTENT. THE CONTENT PROVIDED IS FOR YOUR PERSONAL AND INTERNAL USE ONLY AND YOU ARE NOT AUTHORIZED OR PERMITTED TO DISTRIBUTE OR OTHERWISE FURNISH THE CONTENT OR PART THEREOF TO ANY THIRD-PARTY WITHOUT PRIOR WRITTEN APPROVAL CONTENT PROVIDERS. CONTENT PROVIDER MAY ENFORCE ITS RIGHTS AGAINST YOU AS THE CONTENT OWNERS OR AS THIRD-PARTY BENEFICIARY.
S&P Global Market Intelligence
Copyright © 2023, S&P Global Market Intelligence (and its affiliates as applicable). All rights reserved.
The S&P Global Market Intelligence name and logo are registered marks of S&P. The S&P Services displayed on the INDmoney Platform are not: (a) investment advice and/or a reference to a particular investment or security and/or a credit rating or any observation concerning a security or investment provided in the S&P services (b) any recommendation to buy, sell or hold such investment or security or make any other investment decisions.
S&P, their affiliates or their suppliers have exclusive proprietary rights in the S&P services and any information and software received in connection therewith. Neither the company, S&P, their affiliates nor any of their suppliers shall have any liability for the accuracy or completeness of the information or software furnished through the company service, or for delays, interruptions or omissions therein nor for any lost profits, indirect, special or consequential damages.
The Company, S&P, its affiliates, shall not be liable for any trading decision, damage or any other loss arising from use of such S&P Services. Client shall not use or permit anyone to use the S&P services for any unlawful or unauthorized purpose. S&P may enforce its rights against Client as the third-party beneficiary. These Services are subject to discontinuation in the event of termination of agreement between S&P and the Company.
Payments
Company has no authority or otherwise possess any control in successful, failed or pending transactions and fraudulent use of card / net banking / payment in any manner whatsoever. Client must perform payments / investments / transactions, through their owned bank accounts only. Clients must ensure safety and security of their banking credentials, Company nor its affiliates, assumes any responsibility with respect to Client’s net banking and any other modes for payments on INDmoney Platform. Company may use third party services or other service providers to facilitate client’s in making payments / investments / mandate set-up etc., such facilitation is offered on “as is” and “as available basis”. Company, its affiliates, group companies including respective directors, employees, disclaims any and all warranties and representations, express or implied, including warranties of merchantability or fitness. 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). Transactions once completed cannot be cancelled.
COMPANY HAS TAKEN COMMERCIALLY REASONABLE EFFORTS TOWARDS GUARDING AGAINST UNAUTHORIZED USE OF ANY INFORMATION TRANSMITTED BY CLIENT, 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. CLIENT EXPRESSLY AGREES THAT HIS/ HER USE OF THE ONLINE PAYMENT SERVICE (INCLUDING BUT NOT LIMITED TO CREATING MANDATES, AUTO DEBIT / AUTO PAY, RECURRING PAYMENTS) IS ENTIRELY AT OWN RISK AND RESPONSIBILITY OF CLIENT.
Privacy
We respect the privacy and confidentiality of your information and data. However, in order to offer you certain services, we may be required to share certain information of yours with third party service providers. Such sharing of information is done strictly on a need to know basis only and in accordance with our Privacy Policy which is available athttp://www.indmoney.com/privacy-policy
Indemnity
In the event of death or insolvency of the client, winding up or liquidation, or their otherwise becoming incapable of receiving and paying for or delivering or transferring securities which the client has ordered to be bought or sold, the Company may close out the transaction of the client and the client or Client’s legal representative (including nominee) shall be liable for any losses, costs and be entitled to any surplus which may result therefrom.
The client is aware that authentication technologies and strict securities measures are required for internet trading through order routed system and undertake to ensure that the password of the client and /or their authorized representatives are not revealed to any third party. The client also agrees to indemnify the Company from any loss, injury, claim or any action instituted against the Company arising from the misuse of the password by any party.
Disclaimer & Liability Limitation
THE INDMONEY PLATFOM IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS ONLY. COMPANY DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE AS TO INDMONEY PLATFORM, INCLUDING THE INFORMATION, DATA, SOFTWARE OR PRODUCTS CONTAINED THEREIN OR THE RESULTS OBTAINED BY THEIR USE OR AS TO THE PERFORMANCE THEREOF. THE CLIENT AGREES THAT COMPANY SHALL NOT BE HELD RESPONSIBLE FOR DELAYS IN TRANSMISSION OF ORDERS DUE TO BREAKDOWN OF THE SYSTEM OR FAILURE OF COMMUNICATION FACILITIES EITHER DUE TO THE FAULT OF THE SYSTEMS OF COMPANY OR OF THE EXCHANGES OR OTHERWISE OR FOR ANY OTHER DELAY BEYOND THE REASONABLE CONTROL OF COMPANY.
INVESTMENTS IN SECURITIES ARE SUBJECT TO MARKET RISK PLEASE READ ALL DOCUMENTS BEFORE INVESTING
A REFERENCE TO A PARTICULAR INVESTMENT OR SECURITY, A CREDIT RATING OR ANY OBSERVATION CONCERNING AN INVESTMENT OR SECURITY PROVIDED ON THE INDMONEY PLATFORM IS NOT A RECOMMENDATION TO BUY, SELL OR HOLD SUCH INVESTMENT OR SECURITY OR MAKE ANY OTHER INVESTMENT DECISIONS AND DOES NOT ADDRESS THE SUITABILITY OF ANY INVESTMENT OR SECURITY. THE INDMONEY PLATFORM SHOULD NOT BE RELIED ON AND ARE NOT A SUBSTITUTE FOR THE SKILL, JUDGMENT AND EXPERIENCE OF COMPANY, SUBSCRIBERS, THEIR RESPECTIVE MANAGEMENT, EMPLOYEES, ADVISORS AND/OR CLIENTS IN MAKING INVESTMENT AND OTHER DECISIONS. COMPANY DOES NOT ACT NOR SHALL BE DEEMED TO BE ACTING AS A FIDUCIARY IN PROVIDING THE SERVICES.
COMPANY MAY USE THE DATA TO PERSONALISE AND CUSTOMISE YOUR EXPERIENCE ON BEST EFFORTS BASIS. HOWEVER, STRONGLY URGES TO ITS CLIENTS TO MAKE WELL INFORMED INVESTMENT DECISIONS BY STUDYING AND UNDERSTANDING THE INVESTMENT PRODUCTS. CLIENT MAY IN ITS SOLE DISCRETION DECIDE WHETHER TO DISREGARD IT (IN WHOLE OR IN PART) OR TO ACT UPON IT (IN WHOLE OR IN PART). ALL INVESTMENT DECISIONS SHALL BE MADE AT CLIENT’S SOLE DISCRETION. CLIENT MUST SEEK APPROPRIATE PROFESSIONAL ADVICE INCLUDING TAX ADVICE BEFORE DEALING WITH ANY REALISED OR UNREALISED GAIN / LOSS REFLECTING IN THE INVESTMENTS, PORTFOLIO OR STATEMENT.
DISPLAY OF ANY TRADEMARKS, TRADE NAMES, LOGOS AND OTHER SUBJECT MATTERS OF INTELLECTUAL PROPERTY BELONG TO THEIR RESPECTIVENTELLECTUAL PROPERTY OWNERS. DISPLAY OF SUCH IP ALONG WITH THE RELATED PRODUCT INFORMATION DOES NOT IMPLY ANY RIGHTS, TITLE OR INTEREST IN FAVOUR OF INDMONEY PRIVATE LIMITED AND/OR ANY OF ITS GROUP, SUBSIDIARY, ASSOCIATE AND/OR AFFILIATE ENTITIES.
THE CLIENT IS AWARE AND ACKNOWLEDGES THAT TRADING OVER THE INTERNET INVOLVES MANY UNCERTAIN FACTORS AND COMPLEX HARDWARE, SOFTWARE, SYSTEMS, COMMUNICATION LINES, PERIPHERALS, ETC., WHICH ARE SUSCEPTIBLE TO INTERRUPTIONS AND DISLOCATIONS; AND THE COMPANY ONLINE TRADING SERVICE MAY AT ANY TIME BE UNAVAILABLE WITHOUT FURTHER NOTICE / INTIMATION. COMPANY AND THE EXCHANGE DO NOT MAKE ANY REPRESENTATION OR WARRANTY THAT THE COMPANY’S ONLINE TRADING SERVICE WILL BE ALWAYS AVAILABLE TO THE CLIENT WITHOUT ANY INTERRUPTIONS. THE CLIENT AGREES THAT CLIENT SHALL NOT HAVE ANY CLAIMS AGAINST THE EXCHANGE OR COMPANY ON ACCOUNT OF ANY SUSPENSION, INTERRUPTION, UNAVAILABILITY OR MALFUNCTIONING OF THE COMPANY’S ONLINE TRADING SYSTEM OR SERVICE OF COMPANY OR THE EXCHANGE'S SERVICE OR SYSTEMS FOR ANY REASON WHATSOEVER.
NOTWITHSTANDING ANYTHING TO THE CONTRARY, IN NO EVENT WHATSOEVER SHALL COMPANY ITS DIRECTORS, EMPLOYEES, ASSOCIATES, REPRESENTATIVES, GROUP ENTITIES, CONTRACTORS, AGENTS, LICENSORS, PARTNERS OR SUPPLIERS BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES, INCLUDING LOSS OF PROFITS, TRADING LOSSES, OPPORTUNITY LOSSES, OR LOST TIME OR GOOD WILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE
Force Majeure
If the whole or any part of the performance is prevented, hindered or delayed by a Force Majeure event (as defined below), Company shall not be liable for any failure to perform any of its obligations under these terms and conditions or those applicable specifically to its services / facilities, and in such case its obligations shall be suspended for so long as the Force Majeure event continues. “Force Majeure Event” means any event, due to any cause beyond the reasonable control of Company, including without limitations, unavailability of any communication systems, breach, or virus in the digital processes or payment or delivery mechanism, sabotage, fire, flood, explosion, acts of God, civil commotion, strikes or industrial action of any kind, riots, insurrection, war, acts of government, lockdown, computer hacking, unauthorised access to computer data and storage devices, computer crashes, malfunctioning in the computer terminal or the systems getting affected by any malicious, destructive or corrupting code or program, mechanical or technical errors/failures or power shut down, faults or failures in telecommunication etc.
Miscellaneous
The Company does not warrant that the service will be uninterrupted or error-free. The service is provided in an "as is" and "as available" basis without warranties of any kind, either express or implied, including, without limitation, those of merchantability and fitness for a particular purpose. The client agrees that Company shall not be held responsible for delays in transmission of orders due to breakdown of the system or failure of communication facilities either due to the fault of the systems of Company or of the Exchanges or otherwise or for any other delay beyond the reasonable control of Company due to a breakdown or failure of communication facilities or for any other delay beyond the reasonable control of Company.
All modification to this Agreement shall be made solely at the discretion of the Company and shall be intimated to the client by a suitable modification to the terms and conditions or other applicable section on the website or in any other manner.
In the event of any one or more of the provisions contained in this Agreement becoming invalid, illegal or unenforceable in any respect under any law for the time being in force, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be prejudiced or affected thereto.
Please note that the information contained herein is subject to change without notice.