Last updated December 14, 2019.
THIS DOCUMENT IS AN ELECTRONIC RECORD IN TERMS OF THE INFORMATION TECHNOLOGY ACT, 2000 AND RULES MADE THEREUNDER. THIS ELECTRONIC RECORD IS GENERATED BY A COMPUTER SYSTEM AND DOES NOT REQUIRE ANY PHYSICAL OR DIGITAL SIGNATURES.
THIS DOCUMENT IS PUBLISHED IN ACCORDANCE WITH THE PROVISIONS OF RULE 3(1) OF THE INFORMATION TECHNOLOGY (INTERMEDIARIES GUIDELINES) RULES, 2011 THAT REQUIRES PUBLISHING THE RULES AND REGULATIONS, PRIVACY POLICY AND TERMS OF USE FOR ACCESS OR USAGE OF THIS PLATFORM.
The domain name www.moneyjar.in (hereinafter referred to as the "Platform") is owned by Ajax Ventures Private Limited, a company incorporated under the Companies Act, 2013 with its registered office at 902, RNA Mirage S. K. Ahire Marg, Worli Mumbai 400030 ("Moneyjar"). The Platform allows individuals to set their financial goals, facilitates them to make investments in mutual funds in order to achieve their financial goals and also to track the performance of their investments in order to achieve their financial goals ("Services").
2.1 Please carefully read these Terms of Service ("Terms"). In order to use the Platform, you must first agree to the Terms. By accessing or using the Platform, you are agreeing to these Terms and concluding a legally binding contract with Moneyjar.
2.2 You may not use the Platform if you do not accept the Terms or are unable to be bound by the Terms. Your use of the Platform and services and tools are governed by these Terms and shall include the applicable policies which are incorporated herein by way of reference.
2.3 As a condition of your access to and use of the Platform, you agree that you will comply with all applicable laws and regulations when using the Platform.
2.4 Moneyjar reserves the right, at its sole discretion, to change, modify, add or remove all or any part of these Terms, at any time without any prior notice to you. It is your sole responsibility to review these Terms periodically for updates or changes. Your continued use of the Platform following the posting of changes shall be deemed to mean that you accept and agree to the revisions. As long as you comply with these Terms, Moneyjar grants you a non-exclusive, non-transferable, limited privilege to access and use the Platform. You shall not copy, license, sell, transfer, transmit, make available, distribute, publish, or assign this limited right to use the Platform to any third party.
Use of the Platform is available only to persons who can enter into legally binding contracts under the Indian Contract Act, 1872. Persons who are "incompetent to contract" within the meaning of the Indian Contract Act, 1872 including minors, un-discharged insolvents and persons of unsound mind are not eligible to use the Platform. Any person under the age of 18 shall not register on the Platform and shall not transact on or use the Platform. If a minor wishes to use or transact on the Platform, such use or transaction may be made by the minor's legal guardian or parents on the Platform. Moneyjar reserves the right to terminate any person's membership and/or refuse to provide such person with access to the Platform if it is brought to our notice or if it is discovered that such person is not eligible to use the Platform.
4.1 In order to use the Services on the Platform, you will have to create an account on the Platform ("Account"), which can be done through your email id and phone number. As part of the registration process, you will be required to provide certain information and details, including your name, your mobile number, e-mail id, and any other information as required by Moneyjar. You hereby acknowledge that you will be fully responsible for all activities that occur under your Account. Moneyjar may also create an Account for a user offline without requiring such user to sign-up on the Platform and in such cases the user's Account and all activities occurring under such Account shall continue to be governed by these Terms.
4.2 You shall be solely responsible for maintaining the confidentiality and security of the password and for all activities that occur in and through your Account(s). Moneyjar and its affiliates / partners are not liable for any harm caused by or related to the theft of your IDs, disclosure of your Account(s) / account information by you or your authorization to allow another person to access and use the Platform using your Account. However, you may be liable to Moneyjar and its affiliates / partners for the losses caused to them due to such unauthorized use. In case you become aware of any misappropriation or unauthorized access of your Account you agree to communicate the same promptly to Moneyjar. Any response from Moneyjar regarding this will be sent to the e-mail address which was used at the time of sign up.
4.3 You shall ensure that the information related to your Account provided by you is complete, accurate and up-to-date. In case you wish to update or correct the information provided by you, you may do so by emailing us at contact@moneyjar.in.
4.4 Use of another user's account information for availing the Services of the Platform is strictly prohibited.
4.5 You hereby agree that if you provide any information that is untrue, inaccurate, not current or incomplete, (or becomes untrue, inaccurate, not current or incomplete) or if Moneyjar has reasonable grounds to suspect that such information is untrue, inaccurate, not current, incomplete, or not in accordance with these Terms, Moneyjar shall have the right to indefinitely suspend or terminate or block access of your membership on the Platform and refuse to provide you with access to the Platform.
You hereby agree that creation of Account and consequent use of the Platform is subject to KYC verification of information provided by you to Moneyjar. You acknowledge that Moneyjar may use and disclose your information and any document provided by you for the purpose of such verification to third parties. You hereby grant Moneyjar permission to conduct such verifications and disclose your personal information and documentation in the process. You also authorize such third parties to disclose to Moneyjar such information as may be requested by Moneyjar for the purposes of the verification.
6.1 All payments made by you towards investment in mutual funds in order to achieve your financial goal shall be compulsorily in Indian Rupees.
6.2 While availing any of the payment method/s available on the Platform for availing the Services, Moneyjar will not be responsible for or assume any liability, whatsoever in respect of any loss or damage arising directly or indirectly to you due to:
6.2.1 Lack of authorization for any transaction(s), or
6.2.2 Exceeding the preset limit mutually agreed by you and between bank/s, or
6.2.3 Any payment issues arising out of the transaction, or
6.2.4 Rejection of transaction for any other reason(s) whatsoever.
6.3 You acknowledge that Moneyjar will not be liable for any damages, interests or claims, losses resulting from or suffered on account of not processing a transaction/ transaction amount or any delay in processing a transaction/ transaction amount which is beyond the control of Moneyjar.
6.4 Subject to applicable laws, Moneyjar may also provide you the ability to make payments through offline modes such as cheque and NEFT/RTGS.
You can purchase and sell the mutual fund units through the Platform, however Moneyjar assumes no responsibility for any failure to execute a buy or sell order or for any error in executing an order.
You understand and acknowledge that the information on the Platform and the Services are being provided on an "AS IS" and "AS AVAILABLE" basis. The Platform may contain errors or inaccuracies that could cause failures, corruption or loss of data and/or information from your device and from peripherals (including, without limitation, servers and computers) connected thereto. You assume all risks and costs associated with your use of the Services, including without limitation, any costs incurred for the use of your device and any damage to any equipment, software or data.
9.1 You agree, undertake and covenant that, during the use of the Platform, you shall not host, display, upload, transmit or share any information that:
9.1.1 belongs to another person or entity and to which you do not have any right.
9.1.2 is grossly harmful, harassing, blasphemous, defamatory, obscene, pornographic, paedophilic, libellous, invasive of another person's privacy, hateful or racially or ethnically objectionable, or encouraging money laundering or gambling, or otherwise unlawful in any manner whatsoever.
9.1.3 is misleading in any way.
9.1.4 involves the transmission of "junk mail", "chain letters", or unsolicited mass mailing or "spamming".
9.1.5 infringes upon or violates any third party's rights including, but not limited to, intellectual property rights, rights of privacy (including without limitation unauthorized disclosure of a person's name, e-mail address, physical address or phone number) or rights of publicity.
9.1.6 provides instructional information about illegal activities such as violating someone's privacy, or providing or creating computer viruses.
9.1.7 tries to gain unauthorized access or exceeds the scope of authorized access to the Platform or to profiles, blogs, communities, account information, bulletins, or other areas of the Platform or solicits passwords or personally identifying information for commercial or unlawful purposes from other users of the Platform.
9.1.8 engages in commercial activities without Moneyjar's prior written consent such as engages in sweepstakes, barter, advertising etc.
9.1.9 interferes with another user's use of the Platform.
9.1.10 refers to any Platform or URL that, in Moneyjar's sole discretion, contains material that is inappropriate for the Platform or any other website, contains content that would be prohibited or violates the letter or spirit of these Terms.
9.1.11 deceives or misleads the addressee/ users about the origin of such messages or communicates any information which is grossly offensive or menacing in nature.
9.1.12 contains software viruses or any other computer codes, files or programs designed to interrupt, destroy or limit the functionality of any computer resource; or contains any trojan horses, worms or other computer programming routines that may damage, detrimentally interfere with, diminish value of, covertly intercept or steal any system, data or personal information.
9.1.13 violates any law for the time being in force.
9.2 You must comply with the provisions contained in these Terms and the Privacy Policy. We may review your conduct for compliance purposes, but we have no obligation to do so.
9.3 You acknowledge that the Services are for your personal and non-commercial use. You shall not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, create derivative works from, transfer, or sell any information, software, products or services obtained from the Services.
9.4 Our Services may be interrupted, including for maintenance, repairs, upgrades, or network or equipment failures. We strive to keep the Services up and running; however, all online services suffer occasional disruptions and outages, and Moneyjar isn't liable for any disruption or loss you may suffer as a result.
9.5 We may discontinue some or all of our Services, including certain features and the support for certain devices and platforms, at any time.
9.6 Subject to these Terms and the Privacy Policy, you hereby grant to Moneyjar a non-exclusive, worldwide, royalty-free right to (a) collect, store and transmit any information provided by you to Moneyjar ("Data"), in each case solely to the extent necessary to provide the Services to you, and (b) share your Data or interact with other people, to distribute and publicly perform and display your Data as you direct or enable through the Services.
9.7 You represent and warrant that: (i) you have obtained all necessary rights, releases and permissions to provide all your Data to Moneyjar and to grant the rights granted to Moneyjar in these Terms and (ii) your Data and its transfer to and use by Moneyjar as authorized by you under these Terms do not violate any laws or rights of any third party, including without limitation any intellectual property rights, rights of privacy, or rights of publicity, and any use, collection and disclosure authorized herein is not inconsistent with the terms of any applicable privacy policies. Other than its security obligations under these Terms and the Privacy Policy, Moneyjar assumes no responsibility or liability for your Data, and you shall be solely responsible for your Data and the consequences of using, disclosing, storing, or transmitting it.
You hereby by way of accepting these Terms consent to the receipt of communication from us by way of e-mails and newsletters.
11.1 The Platform may allow you to post your review and experience of using the Platform and the Services ("Reviews") in order to improve the Platform, the Services and the user experience.
11.2 You, being the originator of the Reviews, are responsible for the Reviews that you upload, post, publish, transmit or otherwise make available on the Platform. You represent that all such Reviews will be in accordance with applicable law. You acknowledge that Moneyjar does not endorse any Reviews on the Platform and is not responsible or liable for any Reviews. Moneyjar reserves the right to disable access to the Reviews on the Platform.
11.3 You hereby grant Moneyjar a perpetual, non-revocable, worldwide, royalty-free and sub-licensable right and license to use, copy, distribute, display, publish, transmit, make available, reproduce, modify, adapt the Reviews in any manner as deemed appropriate by Moneyjar in any form including but not limited to print, broadcast, online and across any and all websites and platforms owned by Moneyjar.
11.4 You further represent and warrant that while posting any Reviews on the Platform you shall not use any offensive, libellous, derogatory, hateful or racially or ethnically objectionable language. Further, you shall not post any content on the Platform that is obscene, pornographic, constitutes an "indecent representation of women" as provided in the Indecent Representation of Women (Prohibition) Act, 1986.
Our Services may allow you to access, use, or interact with third-party websites, apps, content, and other products and services. You hereby acknowledge and understand that when you use third-party services, their own terms and privacy policies will govern your use of those services. Since these are not our services, Moneyjar will not be responsible for any use, disclosure, modification or deletion of your information or Data that is transmitted to, or accessed by, such third party.
The Platform may contain advertising and other material submitted to Moneyjar by third parties. Advertisers are responsible for ensuring that material submitted for inclusion on the Platform complies with applicable laws. Moneyjar will not be responsible for any advertiser's claim, error, omission or inaccuracy in advertising material.
You hereby acknowledge that Moneyjar shall not be held liable to you for any special, consequential, incidental, and exemplary or punitive damages, or loss of profit or revenues. Moneyjar shall also not be liable under any circumstances for damages arising out or related in any way to your inability to access, or your difficulty in accessing the Platform, any bugs, viruses, trojan horses, or the like, which may be transmitted to or through the Platform by any third party, any loss of your Data, any claim relating to your Data or content from the Services, your failure to keep your password or Account details secure and confidential.
You hereby represent and warrant that you have validly entered into these Terms and have the legal power to do so. You further represent and warrant that you shall be solely responsible for the due compliance with these Terms.
16.1 Moneyjar's objective is to help you set your financial goals and make investments towards achieving those financial goals. The information provided on the Platform is to help Individuals in their decision-making process and shall not be considered as a recommendation or solicitation of an investment. Moneyjar and its affiliates do not make any investment recommendations and do not guarantee any profits and returns for any investments made by you as a result of any information published on the Platform. Moneyjar does not offer any financial and/or investment advice through the Platform and you are fully and solely responsible for evaluating the information published on the Platform, for determining whether you would invest in a mutual fund or not. Moneyjar is not an investment advisor under the SEBI (Investment Adviser) Regulations, 2013 and does not represent to be an investment advisor.
16.2 The mutual fund units you purchase on the basis of information provided on the Platform may not increase in value, and may decrease in value. Similarly, the mutual fund units you sell on the basis of information provided on the Platform may increase in value after your sale, therefore we highly recommend you exercise your own discretion and make an informed decision whether to buy and/or sell the securities basis the Information.
16.3 The information provided on the Platform is sourced from various authorized data providers. Mutual Fund price information is provided by Association of Mutual Funds in India (AMFI) and is updated once every day except on public or trading holidays. While Moneyjar takes reasonable care and professional diligence in providing correct and complete data from reliable sources, it makes no guarantees that the information will be complete, error free or uninterrupted.
16.4 You hereby agree that you have read and understood the Scheme Information Document, Key Information Memorandum and the addendums thereto, issued from time to time before making any investments. Further, you acknowledge that any commission receivable by Moneyjar from the mutual fund companies for investments made by you, has been communicated and disclosed to you by Moneyjar.
16.5 YOU HEREBY ACKNOWLEDGE AND AGREE THAT MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS AND ANY INVESTMENT MADE BY YOU MAY EITHER APPRECIATE OR DEPRECIATE DEPENDING ON MARKET CONDITIONS AND EXTERNAL FACTORS OVER WHICH MONEYJAR EXERCISES NO CONTROL. YOU FURTHER ACKNOWLEDGE AND UNDERSTAND THAT MONEYJAR SHALL NOT BE RESPONSIBLE FOR ANY FLUCTUATIONS IN THE VALUE OF YOUR INVESTMENTS. MONEYJAR IS NOT LIABLE FOR ANY LOSS, DAMAGE, COSTS, CLAIMS AND EXPENSES ARISING AS A CONSEQUENCE OF ANY ACTION TAKEN BASED ON THE INFORMATION PUBLISHED ON THE PLATFORM.
THE PLATFORM AND ALL INFORMATION, CONTENT, MATERIALS AND SERVICES INCLUDED ON OR OTHERWISE MADE AVAILABLE TO YOU THROUGH THE PLATFORM (COLLECTIVELY, THE "CONTENTS") ARE PROVIDED BY MONEYJAR ON AN "AS IS" "AS AVAILABLE" BASIS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND. MONEYJAR MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, AS TO THE OPERATION OF THE PLATFORM, THE ACCURACY OR COMPLETENESS OF THE CONTENTS AND THE ACCURACY OF THE INFORMATION. MONEYJAR SHALL HAVE NO RESPONSIBILITY FOR ANY DAMAGE TO YOUR COMPUTER SYSTEM OR LOSS OF DATA THAT RESULTS FROM THE DOWNLOAD OF ANY CONTENT, MATERIALS, DOCUMENT OR INFORMATION. YOU EXPRESSLY AGREE THAT THE USE OF THE PLATFORM IS AT YOUR SOLE RISK. MONEYJAR WILL NOT BE LIABLE FOR ANY DAMAGES OF ANY KIND ARISING FROM THE USE OF THE PLATFORM OR THE CONTENTS INCLUDING, WITHOUT LIMITATION, DIRECT, INDIRECT, CONSEQUENTIAL, AND PUNITIVE DAMAGES, UNLESS OTHERWISE SPECIFIED IN WRITING. TO THE FULL EXTENT PERMITTED BY LAW, MONEYJAR DISCLAIMS ANY AND ALL REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE PLATFORM AND ITS CONTENTS, WHETHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, WARRANTIES OF TITLE, MERCHANTABILITY, AND FITNESS FOR A PARTICULAR PURPOSE OR USE.
You shall indemnify and hold harmless Moneyjar, its owner, licensee, affiliates, subsidiaries, group companies (as applicable) and their respective officers, directors, agents, and employees, from any and all claims or demands, or actions including reasonable attorneys' fees, made by any third party or penalty imposed due to or arising out of your breach of these Terms, Privacy Policy and other policies, or your violation of any law, rules or regulations or the rights (including infringement of any intellectual property rights) of a third party.
19.1 Moneyjar solely and exclusively owns copyrights, trademarks, service marks, logos, trade names, and other intellectual and proprietary rights associated with the Services and content on the Platform and is protected under Indian law.
19.2 You hereby acknowledge that the Services constitute original works and have been developed, compiled, prepared, revised, selected, and arranged by Moneyjar through the application of methods and standards of judgment developed and applied through the expenditure of substantial time, effort, and money and constitutes valuable intellectual property of us and such others. You thereby agree to protect the proprietary rights of Moneyjar during and after the term of these Terms. You may not selectively download portions of the Platform without retaining the copyright notices. You may download material from the Platform only for your own personal use and for no commercial purposes whatsoever.
19.3 Any infringement shall lead to appropriate legal proceedings against you at appropriate forum for seeking all available remedies under applicable laws of the country.
20.1 Your access to the Services can be terminated at any time by:
20.1.1 You; by ceasing to use the Platform.
20.1.2 Moneyjar; in its sole discretion for any reason whatsoever, including your violation of these Terms and/or the Privacy Policy or lack of use of Services.
20.2 You acknowledge that the termination of your access to Services may be affected without any prior notice, and Moneyjar may immediately deactivate or delete your Account and all related information and/or bar any further access to your Account or the Services. Further, you agree that Moneyjar shall not be liable for any discontinuation or termination of Services by any third party.
20.3 You further acknowledge that upon termination of Account, we will have no obligation to maintain or provide any Data and may thereafter, unless legally prohibited, delete all Data in our systems or otherwise in our possession or under our control.
20.4 Moneyjar assures you that upon termination of your Account either by you or by Moneyjar for any reason whatsoever, all investments made by you shall continue to be effective, valid and subsisting with the mutual fund companies and you may choose to either continue holding your investments or redeem the same as deemed appropriate by you.
Please review our privacy policy ("Privacy Policy"), which also governs your visit to and use of the Platform, to understand our practices. The personal information / Data provided to us by you during the course of usage of the Platform will be treated as strictly confidential and in accordance with the Privacy Policy and applicable laws and regulations. If you object to your information being transferred or used, please do not use the Platform.
Moneyjar shall not be liable to you for its failure to perform or for delay in providing you access to your Account or to the Platform, to the extent such failure or delay results from causes beyond its control, including, without limitation, acts of God, fires, explosions, wars or other hostilities, insurrections, revolutions, strikes, labour unrest, earthquakes, floods, epidemics or quarantine restrictions, unforeseeable governmental restrictions or controls or a failure by a third party hosting provider or internet service provider or on account of any change or defect in the software and/or hardware of your computer system.
These Terms shall be governed by and interpreted and construed in accordance with the laws of India. The place of jurisdiction shall exclusively be in Mumbai, India. In the event of any dispute arising out of these Terms the same shall be settled by a binding arbitration conducted by a sole arbitrator, appointed jointly by both parties and governed by the Arbitration and Conciliation Act, 1996. The venue of arbitration shall be Mumbai, India. All arbitration proceedings shall be conducted in the English language.
It is expressly agreed by the parties that Moneyjar may assign all or part of its rights or duties under these Terms without such assignment being considered a change to these Terms and without notice to you, except to the extent provided by law.
In accordance with the Information Technology Act, 2000 and Rules made thereunder, the name and contact details of the Grievance Officer are provided below:
Name: Rohan Agarwal
Address: Moneyjar, C/O Rise Mumbai, 1902, 19th Floor, Tower B, Peninsula Business Park, Lower Parel, Mumbai - 400013
Phone: +91 7977467996
E-mail: rohan@moneyjar.in
If you have questions or concerns about this Policy, please contact us at care@moneyjar.in or call us on +91 7977467996.