Terms And Conditions

This document lays out the terms and conditions (“T&Cs”), which shall be applicable for various prizes/benefits/rewards given to an Investor for a Contest run and sponsored by KredX Finance Private Limited (hereinafter referred to as “KredX”) on app.kredx.com, KredX Invest Mobile App, KredX Invest Web Application (collectively referred to as the “Platform”), which Platform is owned and operated by KredX. The term "KredX" refers to KredX Finance Private Limited, a company incorporated in India under the Companies Act 2013 and having its registered office at Ground Floor, Tower A, Salarpuria Softzone Wing 'A', Outer Ring Road, Bellandur, Karnataka – 560103.

Subject to a Participant investing as per the terms stated herein after, the Investing Participant shall be entitled for the following:

• Scratch Cards (Offer valid from 14th October - 4th November 2023)
• Eligible Participants shall receive a Scratch Card having inherent value of a Cashback amount ranging from INR 250 to INR 500. Scratch card shall be valid till 04th November 2023. The Cashback amount in the Scratch Card shall only be credited in the KredX wallet of the Participant within 7 (Seven) days from the date of scratching the Scratch Card.
• Participant acknowledges that he / she shall not be liable for any Cashback in case he/ she is found to be ineligible or not in compliance with these T&Cs.
• Participant acknowledges that the Cashback earned by him/her and credited to the KredX wallet, cannot be (i) converted into physical/digital currency; (ii) transferred to any bank account, (iii) transferred to any other Wallet; and (iv) cannot be withdrawn as cash.
• Coupons (Offer valid on 7^th November, 2023)
• Participants who successfully make their first investment on the Muhurat Day shall be eligible for a Cashback Coupon amount of an assured value of INR 1000. The Cashback amount in the Coupons shall be credited in the KredX wallet of the Participant within 7 (Seven) days from the Muhurat Day.
• Participant acknowledges that he / she shall not be liable for any Cashback in case he/ she is found to be ineligible or not in compliance with these T&Cs.
• Participant acknowledges that the Cashback Coupon amount earned by him/her and credited to the KredX wallet, can be withdrawn.

• Participants will get 2 (Two) free spins per day. Additionally, Participants will be entitled for additional spin each, for every deal investment made on the Muhurat Day
• Participants who use the spins following the spin of the wheel policy, have a chance to win a reward if the spinner stops spinning and lands on the segment of the wheel indicating they are eligible to win a reward and the final winner for that reward will be decided through a lucky draw scheduled to take place at a day after 7^th November 2023 (“Muhurat Day”)
• All rewards for all winners are non-exchangeable, non-transferable and no cash alternative will be offered.

• The Leaderboard is open to those eligible Participants who invest on Muhurat Day.
• Subject to the Participant investing on the Muhurat Day as per the terms stated herein, the Participant will have to enter the Contest page by clicking on the banner/widget which appears on the homepage or the Muhurat Trading Menu on the Platform. All Participants are subject to a review for eligibility by KredX.
• Total of 10 (Ten) Investors who are ranked as Top 10 in the leaderboard will be eligible to earn the rewards as mentioned on the Muhurat Trading Tab.
• The Leaderboard shall be updated every 2 (two) hours 1 (one) minute on the Muhurat Day at the following timestamps: 11:11 (Start of Contest), 13:13, 15:15, 17:17...till 23:23 (in the 24-hour format).
• Deal listings will occur every hour, commencing at 11:11 and continuing through 19:19. (in 24-hour format)

• The Lucky draw will be conducted on a day decided by KredX after the Muhurat Day.
• The winners of Lucky Draw will be selected on a random basis by virtue of a Lucky Draw that will be conducted in a fair and transparent manner which shall include a reserve list also.
• The winners of the lucky draw will be intimated by KredX through a phone call to their registered mobile number and an email which will be sent to their registered email address for their confirmation to claim the eligible rewards. Once KredX receives a confirmation on email by the winners along with a copy of a government identity card (inter alia Voter ID Card, Aadhar Card, and Driving License) of the winner(s) confirming their details and address, KredX shall provide the reward to those eligible winners.
• KredX will make a maximum of 3 (Three) attempts to contact the winner in order to claim the rewards. In the event the winner of a reward fails to respond to the email sent by KredX within a period of 3 (Three) months from the date of last email communication or is found to be ineligible or not in compliance with these T&Cs, the winners will be deemed to have forfeited their right to claim the prize and consequently the next winner in the reserve list will be eligible to claim the prize.
• KredX responsibility, therefore, is limited to informing the winners by email about the prize that has been won by them and KredX is not liable to send any follow-up emails to the winners. In case the winner(s) do not receive an email from KredX regarding confirmation to claim their prize, it is their responsibility to inform/contact KredX through the number and/or the e-mail address available on the Platform.

1. Definitions:
   • “Contest Period” shall refer to the period starting from 14^th October, 2023 and ending on 7^th November, 2023;
   • “KredX” shall include the subsidiaries, group companies, holding company and affiliates of KredX in addition to KredX as defined above; and
   • “Participant” shall refer to a person(s) onboarded with KredX as an Investor.
2. By participating in this Contest, the Participant agrees to be bound by:

• these terms and conditions (“T&Cs”);
• the Terms of Use, Privacy Policy and other relevant documentation including any modifications, alterations, or updates thereof, that are published on the Platform;

3. The Contest period shall be held from 14^th October, 2023 12:00 AM to 7^th November, 2023 18:18 PM, 7^th November being the “Muhurat Day”.
4. To participate in the Contest, a Participant must fulfil the following eligibility criteria:

• Age must be 18 (eighteen) years or above;
• Must have a valid registered account on the Platform and log into the same;
• New Investors shall register themselves on the Platform and upon authentication, log into the account on or during the Contest Period;
• Enter the Contest page by clicking on the banner/widget which appears on the Dashboard or the Muhurat Trading Menu on the Platform;

5. Rewards must be redeemed within 3 (three) months from the date of intimation to the registered email ID by a Participant.
6. Participant acknowledges and confirms that he/she is aware of the nature of telecommunications/internet services and that an email transmission may not be received properly and may be read or be known to any unauthorized persons. The Participant agrees to assume and bear all the risks involved in respect of such errors and misunderstanding and KredX shall not be responsible in any manner.
7. Winners of the contest will be selected on the basis of a lucky draw which shall take place after the Muhurat Day.
8. The rewards will be limited to a cash equivalent Voucher which can be redeemed towards booking hotel stay and flight tickets. The Participants shall be bound by the additional terms if any, stipulated by the third-party service provider who will be issuing the Voucher. Any additional expenses incurred by the winner during the trip will not be paid by KredX.
9. The Vouchers cannot be replaced if lost or stolen. If you suspect an unauthorized activity, it can be reported to the third-party service provider.
10. The Vouchers are denominated in Indian currency (INR). Any usage for booking hotels or tickets for various travel options outside India might result in currency conversion rates as applicable at the time of such usage.
11. The Vouchers can be redeemed only through the website of the third-party service provider issuing the vouchers.
12. The Vouchers cannot be used in conjunction with other vouchers.

 

1. The odds of winning depends upon the number of entries received and cannot be determined in advance.
2. Incomplete information provided or failure to provide true and accurate information as stated in these T&Cs, failure to submit proof of identification and/or original confirmation email/ message upon collection of the reward will automatically disqualify the Participant. KredX shall have the absolute and sole discretion to determine whether any Participant should be disqualified by reason of failure to abide by these T&Cs, bad faith, fraud or any other legitimate reason.
3. Rewards/ benefits shall not be settled with cash or gift cards in lieu KredX reserves the right to substitute either any part of the prize or whole reward for similar reward of equal or greater value.
4. KredX shall not be liable in any manner whatsoever for any claims, losses, damage, costs or expenses in connection with or arising from this Contest, the redemption or use of the rewards.
5. KredX reserves the right to request proof of a Participant's eligibility in the event there is a doubt over his/her eligibility for participation.
6. KredX reserves the right to change the T&Cs of this Contest, including amending, modifying, extending, withdrawing, discontinuing or terminating the same without notice, without assigning any reason, at its sole discretion without any liability.
7. Participants agree that Participants are not bound in any way to participate in this Contest. Any participation is voluntary and the Contest is being made purely on a best effort basis.
8. KredX reserves the right to determine the winners and such determination shall be as per the terms of this T&C. The decision of KredX in this regard shall be final.
9. Participants agree that KredX is not liable or responsible for any claim(s), dispute(s) regarding the service, suitability, merchantability, availability, quantity or quality, fitness, delivery or after sales service of products delivered or services offered as part of the rewards/ benefits of the Contest, which shall be at the sole liability and responsibility of the Participants.
10. The Contest shall be subject to force majeure events and on occurrence of such an event, the Contest may be completely or partially withdrawn at the discretion of KredX.
11. KredX shall not be responsible for any loss, injury or any other liability arising due to participation by any person in this Contest.
12. Participant hereby agrees to indemnify and keep KredX harmless against all damages, liabilities, costs, expenses, claims, suits and proceedings (including reasonable attorney's fee) that may be suffered by KredX as a consequence of (i) violation of terms of this T&Cs by the Participant; (ii) violation of applicable laws by Participant; (iii) any action or inaction resulting in wilful misconduct or negligence on Participant’s part.
13. This T&C shall be governed in accordance with the applicable laws in India. The competent courts of Bengaluru, India shall have the exclusive jurisdiction to settle any dispute that may arise under this T&Cs.
14. This Contest is not applicable to employees of KredX and its group companies.
15. This offer is not available in the state of Tamil Nadu (owing to the Tamil Nadu Prize Scheme (Prohibition) Act 1979) and other states wherever prohibited by law.
16. For investors from Tamil Nadu, the top 3 investors will receive a cashback equivalent to their financier fees once the KredX Muhurat Trading period concludes.
17. Participant agrees that Participant shall comply with the Foreign Exchange Management Act, 1999 and any laws applicable to Non-Resident Indians of their residing country. In case of non-compliance, the Participant shall be solely liable and KredX shall remain unharmed by any such non-compliance by the Participant.
18. Participants must note that the Contest held on the Platform is not in the nature of lottery or game of luck and is not in violation of the Public Gambling Act, 1867 and other state enactments.
19. The Contest shall be subject to the Income-Tax Act, 1961 and all disbursements shall be subject to TDS, as applicable.
20. Any query regarding this Contest will be entertained only till 31st December, 2023. Post such date, KredX will not entertain any correspondence or communication regarding this Contest from any persons.

 

This document is an electronic record in terms of Information Technology Act, 2000, and the Rules thereunder as applicable and the amended provisions pertaining to electronic records in various statutes as amended by the Information Technology Act, 2000. This electronic record is generated by a computer system and does not require any physical or digital signatures.