Terms and Conditions: CRED Jackpot
September 15 2021 - Team Stockal
CRED Jackpot 2021
- Winner – 1 winner gets Rs 1 lakh worth of FAANG stocks (Rs 20,000 each) + Free Global Plus Membership for 1 year
- Consolation – 5,555 winners gets $25 worth of FAANG stocks ( $5 each) + Free Global Plus Membership for 1 year
Terms & Conditions
- Coupon codes are non-transferrable and non-replaceable. If the coupon code is lost or stolen or used without permission, neither CRED nor the owner of the Stockal platform Borderless Investing Inc., and its affiliates (hereinafter “Borderless Investing”), shall be liable nor obliged to issue a fresh coupon code.
- The coupon code is valid from 27th September 2021 until the 31st of October 2021 inclusive of both days. The Coupon Code may only be redeemed once during the term of the promotion and until the expiry date. The validity period of this coupon code will not be extended under any circumstances.
- Coupons cannot be exchanged against any form of cash or overdraft or similar financial instrument except against the membership plan and allocation of shares in accordance with the terms and conditions herein or the respective CRED, Stockal platforms and US Broker.
- The Coupon Codes may be redeemed online on https://platform.stockal.com/signin or the Stockal Mobile App only for those customers whose accounts on https://platform.stockal.com/signin have been approved.
- Once the Coupon Code is issued to the customer, the Customer agrees and undertakes to secure and keep confidential at all times, the Coupon Code. If it is determined by CRED or Borderless Investing, that in the event of any misuse of the Coupon Code or loss of any such confidential information due to the fault of the customer, neither CRED nor Borderless Investing shall be held responsible or liable and no refund will be issued.
- If the ‘Know Your Customer’ (hereinafter “KYC”) details in accordance with the Reserve bank of India (hereinafter “RBI”) Guidelines are found to be incorrect, insufficient or inadequate, Borderless Investing retains the right at its sole discretion to cancel the Coupon Code issued.
- Redeeming the coupon code requires customers to register on https://platform.stockal.com/signup and agree to the terms and conditions and legal disclosures of both Borderless Investing and its’ US broker DriveWealth LLC should they wish to avail the service. For the customers who already have an approved account on https://platform.stockal.com/signin, registration will not be required again.
- Successful account approval on the Stockal Platform will require the customer to complete the KYC process. If the KYC documents are not uploaded and/or approved, the customer will not be eligible to use the Coupon Codes and upon expiry of the Coupon Code, such Coupon Codes will be deemed to be expired, whereupon subsequent account approval post the expiry date will not revalidate the Coupon Code.
- Customers on redeeming the Coupon Code will be eligible for a complimentary Global Plus annual membership that shall be valid for a period of one (1) year from the start date of the membership plan. Once the membership expires, customers will have to pay in accordance with the prevailing membership plan fee for Global Plus. If the customer is already a Global Plan user, he or she will be upgraded to the Global Plus plan. If the customer is already a Global Plus user, no further upgrade will be possible upon using the Coupon Code.
- Stocks will be credited into the customer’s account within twenty-one (21) business days* from the date of successful activation of the Gold Plus membership plan or successful account approval (whichever is later).
- Jackpot Winner: Stocks each worth Indian rupees twenty thousand (₹20,000) of: Facebook (FB); Alphabet (GOOGL); Amazon (AMZN); Netflix (NFLX) and Apple (AAPL) which will be credited to the customer’s account*. The amount/value of each stock to be credited will be determined by the closing price of the respective stocks on the business day prior to the day when the stock credit process will be initiated and dollar to Indian rupee foreign exchange rate† prevailing on the day of stock credit initiation
- Consolation Winner: Stocks each worth US Dollars ten ($5) of Facebook (FB), Alphabet (GOOGL), Amazon (AMZN), Netflix (NFLX) and Apple (AAPL) will be credited to the customer’s account*. The amount/value of each stock to be credited will be determined by the closing price of the respective stocks on the business day prior to the day when the stock credit process will be initiated.
- The selection of stocks and the number of stocks to be credited to winners shall be at the sole discretion of Borderless investing on the terms and conditions herein and Stockal Website thereon.
- Winners understand and agree that under this promotion they are given the stocks by Borderless Investing as a promotion and this promotion does not amount to an offering of securities of any kind whatsoever.
- This marketing promotion does not constitute investment advice in terms of the extant Securities and Exchange Board of India (Investment Advisers) Regulations, 2013.
- The winner/user shall be solely responsible and liable to comply with applicable laws with respect to the acquisition of foreign securities and any reporting/compliance requirements which may emanate from the acquisition of the foreign securities under applicable laws.
- Under the Liberalised Remittance Scheme (hereinafter “LRS”), an individual can annually invest up to USD$ 250,000 outside of India, without seeking approval from the RBI. If the customer has already crossed this limit for the financial year 2021-22 or would be crossing this limit once the stocks are credited, such customers will be required to take immediate action to comply with the LRS guidelines.
- The credit of shares will be as per the terms and conditions specified in this document and in accordance with the terms and conditions provided on the Stockal website. Borderless Softech Private Limited is not providing any kind of advisory services whatsoever to the customers with regard to this promotion.
- This Promotion and the rewards provided to Users herein may be subject to change without notice in the event that the laws related to this Promotion undergo a change or amendment.
- Any disputes arising out of and in connection with this promotion shall be subject to the laws of India and the exclusive jurisdiction of the courts in the state of Bangalore Karnataka only.
- Borderless Investing reserves the right at any time without prior notice to add/ alter/ modify/ change all of these Terms and Conditions or to replace wholly, or in part, the Offer by other Offers, whether similar to this Offer or not, or to withdraw it altogether.
- This offer is being made purely on a “best efforts” basis. Customers are not bound in any manner to participate in this offer and any such participation is purely voluntary.
- For any customer support, please contact email@example.com or +91-22-42792110
- Queries regarding this promotion will not be entertained by Stockal and promoters beyond 31 October 2021.
- Download the Stockal Mobile app.
- Register on the platform and complete the KYC process if not already done so, the account has to be approved.
- Select Global Plus Plan & input the Coupon Code
- Stocks will be credited in the approved account within twenty-one (21) business days* from the date of successful activation of the Gold Plus membership plan or successful account approval (whichever is later).
* Subject to delay caused by unforeseen circumstances and/or force majeure events.
† As per HDFC Bank daily foreign exchange rates.