Referral Terms and Conditions

Definitions

“Referral Programme” (hereinafter referred to as the “Programme”) shall mean and refer to the Promotional Incentive Scheme designed and offered by Mintcap Brokers Private Limited (hereinafter referred as “Mintcap”) the Legal owner & Operator of Digital Platform / the mobile application “Capmint”, The Programme is intended to facilitate the acquisition of new clients through a digital Invitation which may be in the form of valid referral link or referral code.

Referrer shall mean an existing, individual client of Mintcap who maintains a valid and active trading account on the Capmint platform and who initiates an invitation to a third party to avail of Mintcap’s services.

Referee shall mean a prospective individual client, not previously registered with Mintcap in any capacity, who receives an invitation from the Referrer and successfully completes the account opening process through a digital Invitation which may be in the form of a valid, unique Referral Link or Referral Code.

Eligibility Mandate

Residency Requirement:

Participation in this Programme is strictly restricted to Natural Persons who are Residents of India as defined under the provisions of the Foreign Exchange Management Act (FEMA), 1999, and the Income Tax Act, 1961.

For the avoidance of doubt, the following entities and individuals are expressly excluded from participating in the Programme:

• Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs);
• Corporate entities, Partnership firms, LLPs, Trusts, and any other non-natural legal personas;
• Any individual lacking the legal capacity to contract under the Indian Contract Act, 1872.

Compliance with Residency:

Both the Referrer and the Referee (Referrer & referee collectively called Participant) must satisfy the residency criteria at the time of the referral and throughout the duration of the incentive accrual. Mintcap reserves the right to demand proof of residency and to disqualify any participant found to be in violation of this residency mandate without prior notice.

Terms and Conditions of the Referral Programme

The Terms and Conditions of the Referral Programme are as follows:

1. Participation in the Referral Programme is Voluntary. Only Indian Residents Individuals are eligible to participate in the referral programme i.e., both the referrer as well as the referee shall be Indian Residents and an Individual.
2. All the referrers and the referees shall familiarize themselves and agree to be bound by the exchange circulars NSE/INSP/43029, NSE/INSP/43824, NSE/INSP/51770, NSE/COMP/49888 and SEBI circular SEBI/HO/MIRSD/ MIRSD-PoD-1/P/CIR/2025/11 including any amendments, modifications issued from time to time. Any deviation or violation of the applicable rules, regulations, and compliance requirements set by SEBI, NSE, BSE and other statutory authorities shall disqualify the Referrer and / or the Referee from participating in the Referral Programme.
3. Referral Fees: The referrer shall earn 50% of the brokerage generated on the referee’s trades.

Please note that this is the flat referral fees that the referrer can earn under Mintcap’s current Referral Programme. Mintcap, at its absolute discretions, reserves the unilateral right to modify, suspend or terminate the referral fees and /or the Referral Programme anytime without further notice. Any such modification shall be prospective in nature and shall not affect rewards already accrued and credited to the Referrer’s Wallet prior to the date of such amendment.

4. Upon successful account opening through a valid referral link or referral code, the referrer shall be eligible to earn brokerage on all trades executed by the referee, regardless of the timing of such trades. No referral rewards shall be payable if the client was already registered on Capmint prior to using a referral link or code.
5. Mintcap provide the Programme as available basis, without any express or implied warranties neither guarantees nor provides any assurance regarding technical uptime or the absence of glitches/ downtime/ technical or system errors.While Mintcap shall employ reasonable commercial efforts to ensure accurate attribution of referrals, it shall not be held liable for any failure to account for referral fees resulting from technical malfunctions, third-party API failures, or user-side connectivity issues. In the event of an attribution discrepancy,
6. Referral Fees shall be credited to the ‘Referral Wallet’ of the referrer which can be accessed by the referrer through his/her Capmint mobile application. The referral fees earned by a Referrer on any trading day shall be credited/ updated into the Referral Wallet at end of trading day on or before 11.59 p.m. Minimum amount for placing withdrawal request shall be Rs 100/-.
7. Every withdrawal subject to the TDS and other statutory deductions as applicable shall be credited only to the Primary Bank account linked to the Capmint trading account of the referrer by next working day. Under no circumstances shall” the withdrawal be credited to any other account of the referrer or of the third party chosen by the referrer. Transfer of the referral fees balance or withdrawal of the same to the trading account/ client ledger balance shall not be allowed.
8. Any disputes controversy, or claim arising out of or in connection with the referral Programme shall be outside the preview of the Investor Grievance Redressal Mechanism, the Investor Grievance Panel (IGP), or the Arbitration Mechanism of the Stock Exchanges (NSE/BSE/MCX), Score Portal of SEBI, or any other regulatory grievance portal. Participants acknowledge & accept that as this Programme is a private commercial arrangement and not a core broking service, Mintcap’s internal grievance cell shall have exclusive right over such matters. The decision rendered by Mintcap’s IG department shall be final, conclusive, and legally binding on all Participants, and no further recourse shall be available under the Exchange-governed investor protection frameworks.
9. Mintcap reserves the right, at its sole discretion and without any obligation to provide prior notice or intimation, to withhold, suspend or deny payment of referral amounts to any referrer, in the event of any breach, violation, non-compliance, default, misrepresentation, fraudulent activity, or any act or omission that is contrary to applicable laws, regulatory guidelines, or the terms and conditions of the referral programme.

The Referral Programme should NOT be construed as :

• An offer, solicitation / invitation by Mintcap to any person/ entity to participate in the referral programme.
• an authorization / arrangement/ agreement by Mintcap to act as its representative / partner / agent / Joint Venture / employment Relationship to deal with Mintcap’s clients / any other person/entity on behalf of Mintcap.
• financial / investment advice, inducement to trade / participate in capital market.

10. Any person who:

• makes any claim, assurances, or guarantees of returns or future performance or
• Engage in Investment advice or any Stock recommendation, directly or indirectly.

in respect of or related to securities without valid registration / authorization from SEBI SHALL NOT BE ELIGIBLE TO PARTICIPATE IN THE REFERRAL PROGRAMME.

11. There should be no financial transaction between the referrer and the referree under any arrangement. The Referrer shall not undertake any form of selling/advisory activities w.r.t securities and should not manage the portfolio of any person who is being referred to. He/she should strictly limit his/her role to “Referral” only.
12. As stated in clause 2. above, the Referrer needs to have an active Capmint account to receive and withdraw the referral fees. Referral fees earned but not withdrawn shall expire upon closure of the Capmint account or upon the Capmint account of the referrer becoming inactive due to any reason. Referrer agrees that rights, title, and interest in the referral fees shall be extinguished once the referral fee has expired.
13. Marketing Restrictions: Referrers shall endeavor to align all promotional activities involving Capmint brand assets with the prevailing Brand Identity Guidelines as provided from time to time. While Referrers are encouraged to maintain synchronization with Mintcap’s strategic messaging, the deployment of such assets in digital or social media contexts shall be deemed acceptable provided the content remains materially consistent with standard promotional practices and does not violate third-party exchange protocols. Prior notification is preferred; however, formal written instruments of approval are waived for campaigns that do not fundamentally alter the core trademarks or misrepresent the underlying service offerings.

Contact

In case of further queries, please contact support@capmint.com or call us on 7676241111.