Nidhi Broking

Terms & Conditions

Last updated on 1st July 2024 These terms of use (“Terms and Conditions”) mandate the terms on which the users (“You” or “Your” or “User”) access and register on the website www.nidhibroking.com and/or mobile application ‘Nidhi TradeEZ’ referred to as, “the Platform” owned and operated by Nidhi Broking Services Private Limited (NBS). NBS shall also allow its associates, group and subsidiary companies, together referred to as “Company” or “We” or “Us” to use the Platform as per their requirements.

Terms & Conditions - General

Please read the Terms of Use and Privacy Policy carefully before registering on the Platform or accessing any material, information through the Platform. The Company retains an unconditional right to modify or amend this Terms of Use without any requirement to notify You of the same.

You can determine when this Terms of Use was last modified by referring to the “Last Updated” legend above. It shall be Your responsibility to check this Terms of Use periodically for changes. Accordingly, please continue to review the Terms whenever accessing or using the Platform.

Your use of the Platform as defined above, after the posting of modifications to the Terms will constitute your acceptance of the Terms, as modified. Your use of the Platform on continuous basis shall signify Your confirmation to the changes and the agreement to be legally bound by the same.

Platform Services:

The group, affiliate and associate companies are shall be together referred to as “Company” or “We” or “Us” as mentioned above to use the Platform to offer their products and services to You, under applicable terms and conditions specified on Our Platform.

You acknowledge that the Platform allows You to avail the services directly from the Company and/or its group entities and affiliates including their products and services and facilitate communication with them for such services, and other related information. The Company hereby grants You, a limited, non-exclusive, non-transferable, royalty free license to use the Platform for the purposes of availing the services from the Company and its group entities and affiliates, collectively hereinafter referred to as Platform Services.

You hereby give Your consent to Us and other regulated entities of the Company to fetch and access Your credit information from Credit Information Companies in order to understand/assess Your creditworthiness, for carrying out internal evaluation and necessary due diligence, as may be required for product/service offerings or otherwise.

You agree and give Your consent that till the time the loan obtained through platform is fully repaid by You, You will not be able to add money in the Nidhi TradeEZ balance for trading in the securities market.

You agree and give us your consent to fetch your PAN number from the Credit Bureaus, based on your verified mobile number to Nidhi Broking Service Private Limited (NBS): For Use of the Platform for facilitating subscription and redemption of mutual fund units and stocks by transmitting money and instructions to the relevant asset management company (“AMCs”), as per Your instructions;

Use of the Platform for trading in stock markets (Cash and FNO) maintain a record of Your personal information and financial transactions in a secure and confidential manner. However, when you express your interest in availing the services of any of our group/associates/affiliates companies, then based on your consent, Our regulated entity may share your KYC and other related information with associated regulated entity.

NBS does not, and is not obliged to, offer all mutual fund schemes for investment or as the case may be, all kind of investment advisory services. You hereby agree and acknowledge that the data and information provided on the Platform does not constitute advice by NBS of any nature whatsoever, and all the investments made in Your account will be merely at Your discretion and shall not be relied upon by You while making investment decisions in mutual funds and stocks and You shall be solely responsible for any investment decisions and for the purchase of any mutual funds and investments/trading in stocks on the Platform. In no event shall the Company and/or NBS and/or any of its Affiliates, group, associate and subsidiary companies be held liable by You for any loss or damage that may cause or arise from or in relation to these Terms of Use and/or due to use of this Platform or due to investments made using this Platform.

As part of the Platform Services provided to You, after availing such services, You agree to provide honest feedback/review about the concerned Platform Service, if required by the Company, NBS. In case of any dissatisfaction with the Platform Services, You shall first file a formal complaint with the customer service of the Company and/or NBS, as may be applicable, prior to pursuing any other recourse. The complaints can be lodged at support@nidhibroking.com or grievances@nidhibroking.com and upon lodging a complaint You agree to provide complete support to the customer service team with such reasonable information as may be sought by them from You along with necessary documents, emails, screenshots as available with You forming part of the said complaint. The decision of the Company and/ or NBS, as may be applicable, on the complaints shall be final and You agree to be bound by the same.

You understand and agree that Profit & Loss report and/or other specific reports would be provided by NBS based on Your request and would not be considered as the basis for computing Your tax liability. You further understand and agree that You shall consult an independent tax advisor to verify Profit & Loss report and/or other specific reports and NBS will not be liable for determining Your tax liability or any loss or damage caused to You arising out of any decisions/actions arising out of the Profit & Loss report and/or other specific reports.

You hereby give Your consent to NBS to download Your CKYC record from Central KYC Records Registry.

1. Use of the Platform

Subject to compliance with the Terms of Use, the Company hereby grants You a non-exclusive, limited privilege to access and use this Platform. You agree to use the Platform only: (a) for purposes that are permitted by the Terms of Use; and (b) in accordance with any applicable law, regulation or generally accepted practices or guidelines.

You agree that You shall not:

Reproduce, sell, redistribute, publish, enter into a database, display, perform, modify, alter, transmit, license, create derivatives from, transfer or in any way exploit any part of any information, content, materials, services available from or through the Platform, except that You may download the Platform for Your own personal, internal use and non-commercial use.
You agree that You will not use the Platform in any manner or engage in any activity that may damage, disable or impair or adversely affect the use of the Platform or interfere with any other users’ use, legal rights, or enjoyment of the Platform.
Further, You agree not to remove any text, copyright or other proprietary notices contained in the content downloaded from the Platform.
Further, You undertake not to: defame, abuse, harass, threaten or otherwise violate the legal rights of others; publish, post, upload, distribute or disseminate any inappropriate, profane, defamatory, infringing, obscene, indecent or unlawful topic, name, material or information; copy, republish, post, display, translate, transmit, reproduce or distribute any content on the Platform through any medium without obtaining the necessary authorization from the Company; conduct or forward surveys, contests, pyramid schemes or chain letters; upload or distribute files that contain software or other material protected by applicable intellectual property laws unless You own or control the rights thereto or have received all necessary consents; upload or distribute fi les that contain viruses, corrupted files, or any other similar software or programs that may damage the operation of the Platform or another’s computer; engage in any activity that interferes with or disrupts access to the Platform (or the servers and networks which are connected to the Platform);
Attempt to gain unauthorized access to any portion or feature of the Platform, any other systems or networks connected to the Platform, to any of the Company’s server, or through the Platform, by hacking, password mining or any other illegitimate means; probe, scan or test the vulnerability of the Platform or any network connected to the Platform, nor breach the security or authentication measures on the Platform or any network connected to the Platform. You may not reverse look-up, trace or seek to trace any information on any other User, of or visitor to, the Platform, to its source, or exploit the Platform or information made available or offered by or through the Platform, in any way whether or not the purpose is to reveal any information, including but not limited to personal identification information, other than Your own information, as provided on the Platform
Disrupt or interfere with the security of, or otherwise cause harm to, the Platform, systems resources, accounts, passwords, servers or networks connected to or accessible through the Platform or any affiliated or linked sites; collect or store data about other Users in connection with the prohibited conduct and activities
Use any device or software to interfere or attempt to interfere with the proper working of the Platform or any transaction being conducted on the Platform, or with any other person’s use of the Platform
Use the Platform or any material or content for any purpose that is unlawful or prohibited by these Terms of Use, or to solicit the performance of any illegal activity or other activity which infringes the rights of the Company or other third parties; falsify or delete any author attributions, legal or other proper notices or proprietary designations or labels of the origin or source of software or other material contained in a fi le that is uploaded
Violate any applicable laws or regulations for the time being in force within or outside India or anyone’s right to privacy or personality
Violate the Terms of Use contained herein or elsewhere; and reverse engineer, modify, copy, distribute, transmit, display, perform, reproduce, publish, license, create derivative works from, transfer, or sell any information or software obtained from the Platform
Shall not use Company’s and/or its affiliates, group and subsidiary companies registration details, and/or any certificates and/or any general details thereby inducing public at large to conduct business, trading activities with You
Additionally, You shall ensure that You shall not undertake any selling/advisory activities, or carry out any transactions and/or mis-sell the products/services offered by the User in the secondary market under the name and title of the Company, its associates, affiliates group and subsidiary companies.
The Company has the right to suspend, block or deactivate Your trading and/or demat account as a risk management measure and/or if reasonably believes that any regulatory or statutory enquiry/investigation etc, might arise due to trades/transactions/actions done by You and You will not question the same.

2. User consent

By clicking ‘I Agree’ or ‘Get Started’ or any similar icon/tab/option provided on the Platform, you have expressed your consent to activate the accompanying feature and agree to it’s Terms. If we amend the Terms and you continue to use the feature in question, it will be assumed that you have consented to comply with the revised terms.

3. Intellectual Property Rights

The Platform and all information, content, materials, products including, but not limited to text, content, photographs, graphics, texts, video and audio content and computer code (“Content”) on the Platform is owned and controlled by the Company and the design, structure, selection and feel and arrangement of the Content is protected by copyright, patent and trademark laws and other various intellectual property rights either in the favour of the Company, or third parties from whom the appropriate permissions have been taken under applicable laws. The trademarks, logos and service marks displayed on the Platform (“Marks”) are the property of the Company or other respective third parties, as the case maybe. You are not permitted to use the Marks without the express prior written consent of the Company or the third party that owns the Marks.

Further, You understand and accept

All information, except Your personal information and other data submitted by You for the purposes of transacting on the Platform, through the Platform shall be deemed the property of the Company, and the Company shall be free to use any ideas, concepts, know-how or techniques provided by You on the Platform, in any manner whatsoever.
On initiating a contact or query through the Platform, You agree to be contacted by the Company or NBS or any other entities with whom the Company has entered into an arrangement for the provisions of Services to You.

4. Disclaimer of Warranties, Indemnification and Limitation of Liability

You hereby give Your consent to NBS to download Your CKYC record from Central KYC Records Registry.

5. Eligibility to Use: By accepting the Terms of Use, You hereby represent that:

You hereby give Your consent to NBS to download Your CKYC record from Central KYC Records Registry.