Last Updated on August 28, 2023
This document is a computer-generated electronic record published in terms of Rule 3 of the Information Technology (Intermediaries Guidelines) Rules, 2011 read with Information Technology Act, 2000 and does not require any physical or digital signature.
This document applies to the access and use of the Fingrowth Platform (defined later). By accessing and/or using the Fingrowth Platform in any way, including, without limitation, using any information, content, services, etc., available therein, you agree to and be bound by the terms thereof. If you do not agree or accept any of the terms herein, please cease using the Fingrowth Platform immediately.
BY CLICKING THE ACCEPTANCE BUTTON OR BY ACCESSING, USING OR INSTALLING ANY PART OF THE FINGROWTH PLATFORM, YOU, AS AN INDEPENDENT FINANCIAL ADVISOR, EXPRESSLY AGREE TO AND FULLY CONSENT TO BE BOUND BY THE TERMS OF THIS AGREEMENT.
This Financial Advisor Services Agreement (“Agreement”) is made between Fingrowth Financial Technologies Private Limited, a company incorporated under the Companies Act, 2013 and having its registered office at Fingrowth Financial Services Manas building flat no 2 2nd floor ashtabhuja mandir road near Gupta foods shaniwar peth pune 411030, hereinafter referred to as ”Fingrowth” OF THE ONE PART; and You, hereinafter referred to as the “Financial Advisor” OF THE OTHER PART.
Unless the context otherwise requires, the following expressions shall have the respective meanings:
Fingrowth shall provide the Fingrowth Platform and facilitation resources to enable the Financial Advisor to market and solicit Customers for Financial Products and Fingrowth Services. The Financial Advisor agrees to use best efforts to partner with Fingrowth for social action and capacity building in a non-discriminative, secular, non-exploitative, and transparent manner.
The Financial Advisor shall be responsible for identifying prospective Customers, conducting preliminary verification, facilitating enrolment, educating Customers about Financial Products, assisting with KYC collection and verification, and submitting applications digitally and/or physically as required.
The Financial Advisor shall not bundle Financial Products with third-party products, shall not misuse Fingrowth branding, and shall maintain confidentiality of Customer Data. All information exchanged must be transmitted on an “AS IS” basis without tampering.
The Financial Advisor is required to register and maintain a User Access ID (“Account”) and is fully responsible for maintaining confidentiality of the Account.
Each Party is responsible for their own tax liabilities. Fingrowth may deduct applicable taxes before paying commissions as per law.
The Financial Advisor represents and warrants legal authority to execute this Agreement, accuracy of information and KYC documents provided, necessary qualifications, no criminal record or pending proceedings, and that they are not insolvent or bankrupt.
Fingrowth may terminate immediately without notice in cases of breach of critical clauses, misrepresentation, bankruptcy, data misrepresentation, unsatisfactory performance, or other valid reasons.
Upon termination, the Advisor must cease use and return/destroy all Fingrowth assets and data within 5 working days and hand over remaining business records for ongoing transactions.
Personal Data may only be processed as required to perform responsibilities and as per Fingrowth’s instructions. The Advisor must maintain appropriate security measures to prevent unauthorized processing and protect against accidental data loss or damage.
The Financial Advisor shall at all times maintain confidentiality regarding Fingrowth’s Confidential Information and shall not disclose it to any third party. Customer Data confidentiality must be maintained during and after the Term in perpetuity.
The Financial Advisor shall indemnify Fingrowth against claims arising from breach of responsibilities, customer/third-party claims, or KYC verification lapses. Fingrowth’s total liability shall be limited to the net revenue earned through the Advisor’s services over the last 3 months, except as otherwise required by law.
Fingrowth may conduct business reviews, impose preventive restrictions to counter fraud, and inspect or audit the Financial Advisor’s operations upon reasonable notice. The Financial Advisor shall cooperate fully.
This Agreement is governed by the laws of India. The courts of Mumbai shall have exclusive jurisdiction. Disputes shall first be resolved amicably within 30 days; if unresolved, disputes shall be referred to binding arbitration in Mumbai under the Arbitration and Conciliation Act, 1996.
This Agreement constitutes the entire understanding between the Parties. For customer-facing terms related to loan applications on our website, please also refer to our Privacy Policy, Digital Lending Guidelines, and Grievance Redressal pages.