In addition to the General Terms and Conditions and the terms and conditions in the investing and demat account opening form applicable to the User, this terms and conditions shall also be applicable to the Users to access and use the Paytm Money Limited’s Online Trading System through the website “www.paytmmoney.com/stocks” (herein after referred to as “Website”), Mobile Application “Paytm Money”, including any other sub-domain or platform which is owned, developed, managed or operated by Paytm Money Limited, and/or its affiliates (hereinafter referred to as “App”). App and website shall together hereinafter referred as “Platform”. Paytm Money Limited shall hereinafter be referred to as “Paytm Money.”
In terms of Information Technology Act, 2000, this document is an electronic record, being generated by a computer system and it does not require any physical or digital signature. Your acceptance to the terms and conditions shall be considered as your consent to use the App, the Website, the services and products (collectively referred to herein as “Services”) provided by Paytm Money in accordance with the terms and conditions laid down by Paytm Money.
The words, “him”, “his”, “You”, “Your”, “Client”, “User” “Investor”, “I”, “Subscriber” and “Customer” refer to the person(s) who use and avail the Services and Products of Paytm Money Website / App and shall include both singular and plural. The Services provided herein is only for Customers who are Indian citizens and tax resident of India.
These terms shall constitute a binding contract between Paytm Money and you when you download the App or use the services on Website and / or the App or use its Services on any other platform managed by Paytm Money and shall be referred to herein as the “Agreement”. Downloading and installing the App or using the services of the Website or the App shall be deemed to constitute sufficient proof that you have read, understood and accepted these terms.
These Terms and Conditions contain important information regarding the Services that Paytm Money will provide to you and for your own protection you should read them carefully before accepting them. If you do not agree to these terms you must not proceed to use the App or use the Services provided on the website or mobile application.
Reference to any statute, ordinance or other law includes all regulations and other instruments and all consolidations, amendments, re-enactments or replacements for the time being in force. All headings, bold typing and italics (if any) have been inserted for convenience of reference only and do not define limit or affect the meaning or interpretation of the terms contained herein.
Without prejudice to any other specific requirement which may be laid out in this Agreement, your use of the App / Website and the Services and specifically, your acceptance of these terms as aforesaid shall be deemed to be a representation from you that you are above 18 years of age, or possess legal parental or guardian consent, and are fully able, conscious and competent to enter into this Agreement and make your investment decisions, execute the investment transactions, evaluate the advice, if any, and confirm to abide by and comply with the terms set forth herein.
Paytm Money (including the App and Website are owned by Paytm Money, a company incorporated under the Companies Act, 2013 and having its registered office at 136, Ist Floor, Devika Tower, Nehru Place, New Delhi – 110019 and is also registered with the Securities and Exchange Board of India (‘SEBI’) as a stockbroker(INZ000240532) and depository participant (IN-DP-416-2019).
I hereby authorize Paytm Money to share with exchanges, depositories or Registered transfer agents, my signature available on the records of the KYC Registration Agency (“KRA”) or CKYC for authenticating and processing my requests.
The Customer agrees, acknowledges and provides his / her consent that the information provided by him / her may be shared with regulators / government bodies as and when required or requested by them.
The Customer understands and consents to record his / her telephonic conversations with the customer support department (managed by itself or through any outsourced vendor) for quality control, record retention purposes, and other similar purposes however we agree to keep such records confidential.
The Customer understands that he / she can login through his / her Paytm Login Credentials. By logging into the Paytm Money App / Website using these credentials, the Customer acknowledges and provides consent to verify his / her credentials with One97 Communications Limited.
All orders through the Paytm Money Platform shall be made at the sole discretion of the User and all investments will be executed by the User only or as per the directions issued by the User.
The User agrees and understands that all orders for purchase, sale or other dealings in securities and other instructions routed by the Users through Paytm Money Platform via the User’s Username shall be deemed to have been given by the User.
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 User on the Paytm Money Platform, Paytm Money shall not be liable for any delay in the execution of any order or for any resultant loss on account of the delay.
The User hereby allow Paytm Money to utilize his / her KYC information, which the User has submitted as its own will or uploaded on Paytm Money’s system, such as his / her personal identity details like name, PAN, age, address, mobile number, email address and signature or any such prescribed by Paytm Money or by regulation for sending / sharing it to any KYC authority (UIDAI, KRA, CERSAI, or others) for the purpose of validation and to comply with the legal and regulatory requirements. The User shall be solely liable to inform Paytm Money in case of any change in the KYC information including and any information or declaration or change in signature / signatories etc. and in the event of his / her signature not being updated, available or legible in KYC records, Paytm Money would be within its rights to carry out further checks to validate the authenticity of the request or reject any such request based on existing KYC information. The User shall provide such additional documents and perform such additional actions that may be called upon to be submitted by Paytm Money. In case the User’s signatures is not available with KRA / CKYC, the User shall co-operate with Paytm Money to provide incremental details as may be required to complete verification.
The User hereby authorizes Paytm Money to share with exchanges/depositories his / her signatures available on the records of the KYC Registration Agency (“KRA”) or CKYC for authenticating and processing requests.
The User hereby confirms and acknowledges that the information provided by the User hereunder or thereafter after the login to the Paytm Money App or Website may be used by Paytm Money for marketing purposes and cross selling purposes.
The User hereby declares that all amount used to place purchase orders through the Paytm Money Platform shall be through his / her own legitimate source / bank account only and the said orders do not contravene any Act, Rules, Regulations, Notifications or Directives of the provisions of the Income Tax Act, Anti Money Laundering Laws, Anti-Corruption Laws or any other applicable laws enacted by the Government of India from time to time.
The User hereby agrees and acknowledges that he / she has not received nor have been induced by any rebate or gifts, directly or indirectly to place orders through Paytm Money Platform.
The User agrees that, if the order is not accepted on Paytm Money Platform for any reason whatsoever, Paytm Money shall have the right to consider the order as lapsed.
The User hereby understands and agrees that the systems at the Exchange or in Paytm Money Platform are vulnerable to temporary disruptions, 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, Paytm Money shall be entitled to cancel relative request/(s) with the User and shall not be liable to execute the desired transactions of the User’s. In such event, Paytm Money shall not be responsible for any losses incurred or which may be incurred by the User due to such event which are beyond the control of Paytm Money.
Paytm Money offers trading facility to its Clients through the Paytm Money Platform. As part of the services Paytm Money will charge Platform enablement fees. All charges are available at www.paytmmoney.com
In addition to the conditions as provided under the policy of right to sell securities and close out Client’s open position as detailed in point 4 above, Paytm Money shall have the right to refuse to execute trades/ allow the Client to take further positions and/ or close out the existing positions of Client under following circumstances:
No cash payment will be received from/ made to the Client as per the extract SEBI/ Exchange/ Income Tax/ PMLA Regulation, Guidelines, Circulars, etc. accordingly Paytm Money will not be responsible for any claim of receipt/ payment in cash by Client from/ to Paytm Money.
1. In the case of a purchase transaction, the Client shall remit funds within the time period provided to Paytm Money in any of the following ways:
(i) Authorized electronic transfer (UPI, NetBanking, RTGS) of funds from Client’s Bank Account to Paytm Money’s bank account in the same Designated Bank
In the case of sub-clause (i) credit will be given to the Client immediately on authentication of payment authorization, however Client has to intimate Paytm Money immediately after making payment through option as mentioned in sub clause (i).
Payment referred to in sub-clause (i) shall be accepted only from Client’s account.
Payment shall be made by the Client only as referred to in sub-clause (i). Paytm Money shall not accept/ acknowledge/ give credit for any payment made in cash.
2. In the case of a sale transaction, Paytm Money shall remit funds to the Client within the time period provided, provided the Client has delivered the securities sold to Paytm Money within the time prescribed by the following ways as requested by the Client.
(i) Electronic transfer of funds into the Bank Account of the Client opened with the Designated Bank.
(ii) Electronic transfer of funds into any other bank account of the Client as may be specified by the Client, and accepted by Paytm Money
All payments shall be made only in the name of the Client.
In Accordance with SEBI Circular SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 dated September 26, 2016 as Paytm Money is entitled to have a lien on Client’s securities to the extent of Client’s indebtedness to Paytm Money and Paytm Money may pledge those securities. The Client agrees that Paytm Money in accordance with the above circular may pledge their securities to the extent of their indebtedness with their explicit authorization.
All the above policies and procedures of Paytm Money as applicable to the Client’s trading account are subject to change/updation by Paytm Money from time to time. The updated policies and procedures of Paytm Money shall be posted on the website of www.paytmmoney.com and communicated to Client through circulars and e-mails.
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Investments in securities market are subject to market risk, read all the related documents carefully before investing.
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Exchange disclaimer:"The Bombay Stock Exchange/National Stock Exchange of India Ltd is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc, of any of the Rules, Regulations, Bye-laws of the Bombay Stock Exchange, National Stock Exchange of India Ltd, SEBI Act or any other laws in force from time to time.
The Bombay Stock Exchange/National Stock Exchange of India Ltd is not answerable, responsible or liable for any information on this Website or for any services rendered by us, our employees, and our servants.
If you do not agree to any of the Terms and Conditions mentioned in this agreement, you should exit the site."
Risk:"Investments in securities market are subject to market risk, read all the related documents carefully before investing.
We collect, retain, and use your contact information for legitimate business purposes only, to contact you and to provide you information & latest updates regarding our products & services.
We do not sell or rent your contact information to third parties.
Please note that by submitting the above mentioned details, you are authorizing us to Call/SMS you even though you may be registered under DND. We shall Call/SMS you for a period of 12 months."
Attention to Investors:"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in the investor's account.
Prevent Unauthorized Transactions in your demat account ; Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day
Prevent Unauthorised transactions in your account; Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile / email at the end of the day "
"Attention to Investors:
1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
3. Pay 20% upfront margin of the transaction value to trade in cash market segment.
4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 & vide notice no. BSE 20200731-7 dated July 31, 2020 and BSE 20200831-45 dated August 31, 2020 and other guidelines issued from time to time in this regard.
5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month."