Fair usage policy for rewards and redemption

Created by Investmint Support, Modified on Tue, 06 Feb 2024 at 04:29 PM by Investmint Support


Mintcoins and redemption requests can be revoked if:

  1. User is found to create fake profiles to earn mintcoins via invites
  2. Invited users are found trading with non-unique demat accounts that are linked with Investmint users
  3. User's invited users have signed up with a non-unique same email ID or phone number
  4. User's trades are incomplete as in the case of:
    1. Rejected after-market orders
    2. Partially completed orders
  5. Invited user's trades are incomplete as in the case of:
    1. Rejected after-market orders
    2. Partially completed orders
  6. User makes a discretionary exit prior to emission of exit signal for a trade
  7. There is a daily limit on mintcoins earned through trades
  8. No mintcoins are credited for trades under ₹1000.00 
  9. No mintcoins are credited for trading the same stock/model on the same day


Additionally, read the following excerpt regarding rewards and redemption from Investmint's broader terms and conditions document linked here.


1. Mintcoin Program Terms
By participating in the Mintcoin Program, you, the user, agree to abide by these rules. Any misuse or violation of these rules may result in the termination of the user's account and forfeiture of all earned mintcoins.

1.1. Enrollment and Eligibility
(a) To participate in the mintcoins Program, the user must have an active Investmint account.
(b) Users must be at least 18 years of age and reside in a jurisdiction where their participation is not prohibited by law.
(c) The mintcoins Program is intended for personal use only. Businesses, associations, and other groups may not participate.

1.2. Earning mintcoins
(a) Users earn mintcoins on eligible actions defined on the mintcoin program page on the app.
(b) Mintcoins will typically be credited to the user's account within 48 hours of the completion of the eligible action.
(c) Mintcoins cannot be earned on actions that are left incomplete, refunded, or reversed.
(d) Mintcoins earned are not transferable, cannot be exchanged for cash, and are only for use by the concerned user.

1.3. Spending mintcoins
(a) Users can redeem their mintcoins on eligible purchases, as defined in the mintcoin program page on the app.
(b) When redeeming mintcoins, the user must have enough mintcoins to cover the entire cost of the redemption.
(c) Mintcoin redemptions cannot be combined with other discounts or promotions unless specifically stated in the promotion's terms and conditions.

1.4. Expiration of mintcoins
(a) Mintcoins are valid for one year from the date of the last qualifying action.
(b) If no qualifying actions are taken a year, the mintcoins will expire and be removed from the user's account.

1.5. Fair Use
(a) Investmint reserve the right to monitor account activity for signs of fraud or abuse.
(b) If it is determined that a user has misused the Mintcoin Program, then Investmint reserves the right to remove all mintcoins that are wrongfully earned, apply a temporary or permanent ban on the user's participation in the mintcoin program, and, in an extreme case, to terminate the user's account without notice and without any liability in this respect.(c) Examples of misuse may include but are not limited to creating multiple accounts to accumulate points, taking actions with the intention of reversing them after earning points or attempting to hack or manipulate the system.

1.6. Changes to the Mintcoin Program
(a) Investmint reserve the right to alter the terms of the Mintcoin Program at any time, without notice.
(b) If substantial changes are made to the Investmint Program, then Investmint will notify all eligible users about such changes through their registered email addresses.

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