Terms And Conditions For Cashback
This document lays out the Terms and Conditions, which shall be applicable for various incentives, rewards, bonus etc. payable to a Business for a Campaign scheduled by Minion Ventures Private Limited (hereinafter referred to as “KredX”) in the upcoming Festive Season. The word “Business” as used in this Terms and Conditions. Reference to masculine in this Terms and Conditions shall include the feminine and neuter gender. The term "KredX" refers to Minion Ventures 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.
General Term and Conditions
- Definitions
(a) “Campaign” shall refer to promotional activities undertaken by KredX for marketing and propagating the products and services offered by KredX during the Festive Season as defined below.
(b) “Business” shall refer to a person(s)/entity(ies) empanelled with KredX as a Business who refers potential customers who are interested in availing the services/products offered by KredX.
(c) ‘KredX’ shall include the subsidiaries, group companies, holding company and affiliates of KredX in addition to KredX as defined above.
- The Offer will be available only to Businesses of KredX.
- Participation/availing of the Offer is voluntary and free, subject to these Terms and Conditions.
- To avail the Offer, the Business concerned needs to register themselves with KredX.
- The offer, rewards, benefits etc. granted under this Campaign cannot be used or redeemed in combination with any other discounts or promotions or vouchers or any other such promotions offered by KredX.
- KredX reserve the right, at its sole discretion to add/alter/modify/change/vary all or any of these Terms and Conditions, or to extend, withdraw or replace these Offers, either wholly or in part, without prior intimation/notice and without assigning any reason.
- The Business acknowledges and agrees not to hold KredX responsible or liable for, any losses, damages, costs, charges, expenses, claims, actions or demands suffered by Business or its agents, relatives, etc. (whether direct or indirect), in relation to accessing and/or availing the benefits under the Offer.
- KredX does not guarantee or warranty or make any representation about the usefulness, worthiness and/or character of the product/service and/or discount or benefit under the Offer.
- The Offers under the Campaign are not transferable, is not for sale or re-sale nor redeemable for cash.
- Any applicable taxes must be paid by the Business concerned.
- Offer will be valid only during the period specified above unless extended by KredX at its sole discretion.
- KredX shall not be liable for any indirect, incidental, and consequential damages/losses or for any loss or damage arising due to force majeure event.
- In the event of any misuse or abuse of the Offer by a Business or their agents, KredX reserve the right to deny the Offer.
- In case of any dispute regarding the interpretation of any of the clause or term of these Terms and Conditions, the opinion of KredX shall be final and binding on all parties to the dispute.
- Any dispute regarding these Offers will be subject to exclusive jurisdiction of courts in Bengaluru, Karnataka.
Specific Terms and Conditions
- The Businesses will be eligible for a cashback up to a value of INR 1 Lakh provided the Business gets a potential customer onboarded on KredX platform within 30 (thirty) days from the day of sign up.
- The cashback offer is only applicable on eligible transactions done through the KredX platform during the Festive Season.
- The cashback amount may vary based on the transaction value and eligibility criteria.
- Eligible cashback amount will be credited to the Business within 15 (fifteen) days of getting the customer onboarded on KredX platform only after receiving an invoice from the Business.
- The cashback amount cannot be withdrawn as cash and can only be used for future transactions on the KredX platform.
- This Offer cannot be clubbed with any other offer/promotion of KredX.
- This Offer is not applicable on /available to the residents of the state of Tamil Nadu, as per Tamil Nadu Prize Scheme (Prohibition) Act, 1979, and wherever else prohibited by law in force.
Terms And Conditions For Lucky Draw
This document lays out the Terms and Conditions, which shall be applicable to the lucky draw (hereinafter referred to as "Lucky Draw") sponsored by Minion Ventures Private Limited (hereinafter referred to as "KredX"), wherein the eligible Business shall have a chance to win an iPhone 14 or a staycation as a reward for marketing the products/services of KredX. By participating in the Lucky Draw, the Business(s) fully and unconditionally agree(s) to accept and abide by the terms and conditions of the Lucky Draw as stated hereinafter. The word “Business” as used in this Terms and Conditions. Reference to masculine in this Terms and Conditions shall include the feminine and neuter gender.
General Term and Conditions
- Definitions
(a) “Campaign” shall refer to promotional activities undertaken by KredX for marketing and propagating the products and services offered by KredX during the Festive Season as defined below.
(b) “Business” shall refer to a person(s)/entity(ies) empanelled with KredX as a Business who refers potential customers who are interested in availing the services/products offered by KredX
(c) “Festive Season” shall refer to the period staring from 1st July 2023 and ending on 31st October, 2023.
(d) ‘KredX’ shall include the subsidiaries, group companies, holding company and affiliates of KredX in addition to KredX as defined above.
- The Offer will be available only to Businesses of KredX.
- Participation/availing of the Offer is voluntary and free, subject to these Terms and Conditions.
- To avail the Offer, the Business concerned needs to register themselves with KredX.
- The Offer granted under this Campaign cannot be used or redeemed in combination with any other discounts or promotions or vouchers or any other such promotions offered by KredX.
- KredX reserve the right, at its sole discretion to add/alter/modify/change/vary all or any of these Terms and Conditions, or to extend, withdraw or replace the Offer, either wholly or in part, without prior intimation/notice and without assigning any reason.
- KredX shall not be responsible or liable in any manner whatsoever for any deficiency or inadequacy in the services rendered by third party vendors who provide staycation or other services as part of the Offers proposed hereunder, including their agents or representatives, and the Business acknowledges and agrees not to hold KredX responsible or liable for, any losses, damages, costs, charges, expenses, claims, actions or demands suffered by the Business or their agents, relatives, etc. (whether direct or indirect), in relation to accessing and/or availing the benefits under the Offer.
- KredX holds out no warranty and makes no representation about the quality, delivery or otherwise of the goods and services offered by a vendor or service partner of KredX who facilitates availing various benefits, services contemplated as part of the Offer hereunder. Any issue or dispute or claim arising out of or in relation to availing the benefits under the Offer must be resolved by the Business concerned directly with the merchant partner/vendor without any reference to KredX.
- KredX does not guarantee or warranty or make any representation about the usefulness, worthiness and/or character of the product/service and/or discount or benefit under the Offer.
- The Offer under the Campaign is not transferable, is not for sale or re-sale nor redeemable for cash.
- Any applicable taxes must be paid by the Business concerned.
- Offers will be valid only during the period specified above unless extended by KredX at its sole discretion.
- The Offer does not guarantee any reservations or admissions at merchant partner’s outlet/staycation location owners who facilitates various benefits contemplated under this Offer and Businesses are advised to contact such merchant partner directly, before visiting or availing of any benefits.
- The availability of the Offer shall be subject to the terms and conditions stipulated by the respective merchant partner, as applicable from time to time.
- In case the merchant partner refuses to provide the Offer, despite adhering to all the applicable terms and conditions, please retain the original bill issued by the merchant partner and share the copy of the same with KredX, within 72 (seventy- two) hours of the incident.
- KredX shall not be liable for any indirect, incidental, and consequential damages/losses or for any loss or damage arising due to force majeure event.
- In the event of any misuse or abuse of the Offer by a Business or their agents, KredX reserve the right to deny the Offer.
- In case of any dispute regarding the interpretation of any of the clause or term of these Terms and Conditions, the opinion of KredX shall be final and binding on all parties to the dispute.
- Any dispute regarding the Offer will be subject to exclusive jurisdiction of courts in Bengaluru, Karnataka.
Specific Terms and Conditions
- Eligibility for and Participation in Lucky Draw
- A Business shall be considered eligible to participate in Lucky Draw only if the Business is successful in generating leads on KredX’s platform during the Festive Season.
- KredX reserves the right to exclude a Business from the Lucky Draw at any time on the grounds of him/her being the subject of criminal investigation or due to misconduct/ misbehave or criminal record or conviction of any crime.
- Employees, agents, and representatives of KredX, its advertising and promotional agencies, suppliers of rewards, material and services related to this Lucky Draw, as well as members of their immediate families (brothers, sisters, children, spouse, and parents) are not eligible to participate in Lucky Draw.
- Businesses will be eligible to win an iPhone14 provided they must be one of the first hundred sign-ups for “The KredX Spark” drive.
- Each Business shall be eligible to participate only once in the Lucky Draw.
Reward and Procedure of Lucky Draw
- KredX shall conduct the Lucky Draw out of the pool of eligible Businesses. The draw will be conducted once during the Festive Season.
- The winner(s) will be selected through a random raffle draw from the pool of eligible participants.
- KredX shall communicate the winning Businesses either by phone call on their mobile number registered with KredX or by sending e-mail at registered e-mail id of the Business available with KredX, as may be decided by KredX.
- KredX shall not be held liable, if the Business(s) does not receive the information due to the incorrect mobile numbers/ e-mail id.
- No reward will be awarded if any information given by the winning Business is found to be false, incorrect, incomplete, misleading, or forged in the opinion of KredX.
- Decision of KredX will be final and binding with regard to Lucky Draw, and no correspondence will be entertained in this regard.
Miscellaneous
- Mere participation in this Lucky Draw does not entitle a Business to a reward unless all other terms and conditions are fully complied with. Any fraudulent conduct on the part of the Business shall disentitle such Business to receive the reward under this Lucky Draw.
- KredX reserves the right to change, defer, alter, or cancel this Lucky Draw in part or full, or change any or all of the terms and conditions that are applicable, without giving prior intimation/notice of any kind and will not be liable for any consequential losses/damages. Any decision of KredX in this regard and in general with respect to this Lucky Draw and the terms and conditions thereto shall be final and binding.
- KredX reserves the right to terminate, modify or extend the date of the Lucky Draw, at any time at its absolute discretion, without assigning any reason whatsoever. All decisions of KredX in respect of the Lucky draw and the Offer therein shall be final and binding.
- KredX reserves the right to disqualify any of the Business/ winning Business if it has reasonable grounds to believe such Business has breached any of the Terms and Conditions. No intimation shall be sent to the Businesses who are disqualified and/or not amongst the winners.
- Any costs or expenses incurred to participate in the Lucky Draw and/or to claim the reward, if any and as applicable shall be solely borne by the Business/ winner Business and KredX shall not be liable for any such costs or expenses.
- This Lucky Draw is not applicable on /available to the residents of the state of Tamil Nadu, as per Tamil Nadu Prize Scheme (Prohibition) Act, 1979, and wherever else prohibited by law in force.
- The iPhone 14 models are subject to availability and may be substituted with an equivalent product based on availability and discretion.
- Please note that Apple is not, directly, or indirectly, related to this contest and it is not a sponsor in the contest.
Terms And Conditions For Business Partners
This document lays out the Terms and Conditions, which shall be applicable for various pay-outs, incentives, rewards,
bonus etc. payable to a Direct Selling Agent (“DSA”) for a Campaign scheduled by Minion
Ventures Private Limited (hereinafter referred to as “KredX”) in the upcoming Festive
Season. The term "KredX" refers to Minion Ventures 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.
General Term and Conditions
- Definitions
(a) “Campaign” shall refer to promotional activities undertaken by KredX for marketing
and propagating the products and services offered by KredX during the Festive Season as defined below
(b) “DSA” or “Direct Selling Agent” shall refer to a
person(s)/entity(ies) empanelled with KredX as a DSA who refers potential customers who are interested in availing
the services/products offered by KredX
(c) “Festive Season” shall refer to the period staring from 1st July
2023 and ending on 31st October, 2023.
(d) ‘KredX’ shall include the subsidiaries, group companies, holding company and
affiliates of KredX in addition to KredX as defined above.
(e) “NPA” or “Non- Performing Assets” shall mean and refer
to an invoice of a seller referred by a DSA which remains overdue for payment on the platform of KredX for a period
of 5 (five) days or more from the due date.
(f) “PF” shall refer to Processing Fee.
- These Offers will be available only for DSA’s of KredX.
- Participation/availing of these Offers are voluntary and free, subject to these Terms and Conditions.
- To avail the Offer, the DSA concerned needs to register themselves with KredX.
- The offer, pay outs, rewards, benefits etc. granted under this Campaign cannot be used or redeemed in
combination with any other discounts or promotions or vouchers or any other such promotions offered by KredX.
- KredX reserve the right, at its sole discretion to add/alter/modify/change/vary all or any of these Terms and
Conditions, or to extend, withdraw or replace these Offers, either wholly or in part, without prior
intimation/notice and without assigning any reason.
- The DSA hereby acknowledges and agrees not to hold KredX responsible or liable for any losses, damages, costs,
charges, expenses, claims, actions or demands suffered by DSA or their agents, relatives, etc. (whether direct
or indirect), in relation to accessing and/or availing the benefits under the Offers.
- KredX does not guarantee or warranty or make any representation about the usefulness, worthiness and/or character
of the product/service and/or discount or benefit under the Offers.
- The Offers under the Campaign are not transferable, is not for sale or re-sale nor redeemable for cash.
- Any applicable taxes must be paid by the DSA concerned.
- Offers will be valid only during the period specified above unless extended by KredX at its sole discretion.
- KredX shall not be liable for any indirect, incidental, and consequential damages/losses or for any loss or
damage arising due to force majeure event.
- In the event of any misuse or abuse of these Offers by a DSA or their agents, KredX reserve the right to deny
the Offers.
- In case of any dispute regarding the interpretation of any of the clause or term of these Terms and Conditions,
the opinion of KredX shall be final and binding on all parties to the dispute.
- Any dispute regarding these Offers will be subject to exclusive jurisdiction of courts in Bengaluru, Karnataka.
Specific Terms and Conditions
1) Incentives for getting pre sanction documents and Sanctioned Cases
Plan:
|
Payouts per Case in Rupees
|
Case Logins
|
0/-
|
Pre-Sanction Document submission Completed
|
1000/-
|
Sanction Released
|
1000/-
|
PF
|
50% of PF
|
- Leads generated by DSAs will be considered valid from the period starting from 1st July 2023 and ending on 31st
October 2023.
- The overall status of leads generated by DSAs will be collated and updated at the end of every month and the
payouts will be released in the 1st week of the following month in normal course unless such payment is delayed
for operational reasons.
- Payouts will be released within the first 15 (fifteen) days of the following month.
(Example: For all cases referred by a DSA from 1st July 2023 will be collated and notified in 1st week of August and
in normal course by 2nd week of August 2023, the payouts will be processed.)
2) PF-Value-Based Bonus:
Volume Based Bonus
|
% Share
|
Volume
|
Payouts
|
If the PF-Value we collect is up to 5 Lakh
|
3%
|
₹500,000/-
|
₹15000/-
|
If the PF- Value is more than 5 Lakh
|
5%
|
₹700,000/-
|
₹25000/-
|
- Leads generated by DSAs will be considered only for the period starting from 1st July 2023 and ending on 31st
October 2023.
- If the total PF Payouts received by DSA is equal to or less than 5 Lakh rupees, the DSA will receive 3%
additional payouts over and above the regular payouts.
- If the total PF Payouts received by DSA crosses 5 Lakh rupees during the interregnum period of the Festival
Season, the DSA will get 5% additional Payouts over and above the regular payouts for the balance period of
Festival Season.
- Payouts will be released at the end of the Festive Season.