Almondz Refund & Cancellation Policy
Transaction and Refunds:
Transactions on the Almondz platform are considered complete only after a successful transfer of funds from your bank account to Almondz. Once finalized, transactions cannot be canceled. In cases where a failed transaction results in a deduction from your bank account, the refund will follow your bank's refund policy, and Almondz cannot be held responsible for any delays.
Refund Policy for Account Opening:
Account opening fees are non-refundable once your Trading and Demat accounts are activated. However, refunds are available for any excess payment made during the account opening process, pending confirmation from Almondz's banking partner.
Payments After Account Activation:
After your Demat account is opened, all further payments will be credited to your account, with no refunds provided. You may initiate a withdrawal through the Almondz Trade App or the web platform.
Limitation of Liability:
Almondz is not responsible for any indirect, incidental, special, or consequential damages, including lost profits or data. In all cases, Almondz's liability will be limited to foreseeable damages directly related to a breach of responsibility.
Intellectual Property Rights:
All intellectual property associated with the Almondz platform—including software, content, designs, and trademarks—remains the exclusive property of Almondz. No proprietary rights or licenses are transferred to users through their use of the platform.
Breach of Terms:
Any breach of the Terms of Use is considered a detrimental business practice that can cause irreparable harm to Almondz. In such instances, Almondz reserves the right to seek legal remedies, including injunctive or equitable relief. Should Almondz need to initiate legal action, you agree to cover all reasonable legal costs and expenses in addition to any other applicable relief.
Account Suspension and Termination:
These Terms of Use will remain effective until either you or Almondz decide to terminate them. If you disagree with the terms or are dissatisfied with the platform, you may close your account or stop using it. Almondz reserves the right to terminate accounts or limit access if a user breaches the Terms of Use or applicable laws.
New Delhi-110020, India
In India, where the appetite for investment opportunities is burgeoning, these platforms have become instrumental in facilitating seamless transactions, offering a plethora of investment avenues, and providing valuable resources for both novice and seasoned investors alike. From beginner-friendly to advanced-level, Almondz Trade caters to the needs of all generations recommending investment tips & strategies on wealth building. Online trading in India is a popular channel that may yield significant profits. Traders can take advantage of a variety of trading opportunities viz. investing in several financial assets, including stocks, currencies, and IPOs .With Almonds Trade, it has become easier for traders to execute the positions.
Almondz Trade is a stockbroker in India providing investors with uninterrupted access to stock markets around the clock, from the convenience of their homes or workplaces. Furthermore, we streamline transactions by simplifying the process of buying and selling stocks. Our investment platform does not levy any commission thus reducing the expenses of the investors. In addition, we also furnish complimentary educational materials to facilitate a deeper comprehension of markets and the development of effective investment strategies by embarking the investors and traders on how to use demat account . Almondz Trade being a progressive online trading and investment platform in India presents a compelling opportunity for making well-informed financial decisions, aiding in portfolio diversification while simultaneously reducing costs.
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Risk Disclosures On Derivatives- Prevent unauthorised transactions in your account → Update your Mobile numbers/Email IDs with your stock broker / DP. Receive information of your transactions directly from Exchange / Depository on your Mobile/Email at the end of the day.
- 'KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.'
- 'No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.'
- Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
- Pay minimum 20% upfront margin of the transaction value to trade in cash market segment.
- 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.
- 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 and other guidelines issued from time to time in this regard.