Terms & Conditions - Promotional

1. These Terms and Conditions constitute general promotional Terms and Conditions and shall not be construed as Terms and Conditions applicable to any specific promotion.

2. For the purposes of these Terms and Conditions, and where the context requires, ‘you’, ‘your’ or ‘yours’ shall refer to customers who satisfy the eligibility criteria for standard promotions or who are otherwise bound by these Terms and Conditions. 

3. ‘Customer’ for the purposes of these Terms and Conditions, means a person who exclusively applied for and is holding an approved and operating account on the Borderless Platform or the Platform in conjunction with other vendors/organisations providing a co-branded platform/service or the Borderless Mobile App.

4. You agree and accept that, by entering this promotion, you will be bound by these Terms and Conditions and that you satisfy all promotion eligibility requirements provided herein.

5. These Terms and Conditions are in addition to the Company User Agreement, Privacy Policy, and other pertinent disclosures as made available (collectively, “Disclosures”) to which you agree in order to access and utilise the Company’s platform and/or services. 

6. To the extent that the Disclosures are inconsistent with these provisions, these provisions shall prevail only with respect to the general nature of the promotion and may not apply to any specific promotion.

7. Eligibility: Eligibility shall be determined in accordance with the specific promotional Terms and Conditions applicable to each promotion or campaign, which may vary from time to time.

8. In the event that Customer are granted promotional shares as part of any marketing campaign, offer, or promotion, whether or not conducted in partnership with external entities, Borderless (‘we’,
   ‘our‘ or ‘ours’) reserves the absolute right, at its sole discretion, to modify, revoke, or withdraw such promotional shares at any time, with or without prior notice to the Customer. This right may be exercised in the event the Customer fails to remit funds to their account, irrespective of any trading or login activity, as such promotional shares or funds are provided solely for the purpose of encouraging account funding. In cases of prolonged inactivity or non-fulfilment of the Terms and Conditions associated with the promotion, the promotional shares shall be deemed expired after a duration determined by Borderless. 

9. These Terms & Conditions contained herein may not be modified in any way by you. 

10. Apart from the provisions set out herein, any promotion or campaign introduced in the future, or any existing promotion of a specific nature, shall contain campaign-specific clauses. You shall be bound by those clauses, which may be created or amended from time to time.

11. You acknowledge that these Terms and Conditions are intended solely for promotional purposes and should not be construed in any way as investment advice in accordance with the extant Securities and Exchange Board of India (Investment Advisers) Regulations, 2013, as amended from time to time or otherwise.

12. You shall be solely responsible and liable to comply with applicable laws concerning the acquisition of foreign securities including any reporting or compliance requirements that may arise from the acquisition of such foreign securities under applicable laws. 

13. Under the Liberalised Remittance Scheme (“LRS”), an individual can annually invest up to $250,000* outside of India, without seeking approval from the Reserve Bank of India (“RBI”). If you have already crossed this limit for the financial year 2025-2026 or would be crossing this limit in the financial year 2025-2026, you will be required to take immediate action to comply with the LRS guidelines. 

14. Borderless and its Partner Organisations will not be responsible or liable due to any action arising from a violation of LRS, it is entirely your responsibility to ensure strict adherence to LRS. 

15. Any disputes arising out of and in connection with this promotion shall be subject to the laws of India and the exclusive jurisdiction of the courts in the state of Karnataka only. 

16. Borderless reserves the exclusive right to add, modify, or change these Provisions at any time without prior notice. We may also partially or fully replace this promotion with another or withdraw it entirely.

17. We will not be liable for any delay or adverse effect caused to you as a result of any Force Majeure event which includes circumstances beyond its control, including, without limitation, acts of God, acts of government in its sovereign or contractual capacity, acts of public enemies or terrorists, acts of civil or military authority, war, riots, civil strife, terrorism, blockades, sabotage, rationing, embargoes, epidemics, pandemics, earthquakes, fire, flood, quarantine restrictions, power shortages or failures, outages whether planned or unplanned, utility or communication failure or delays, labour disputes, strikes, or shortages, supply shortages, equipment failures, or software malfunctions. 

18. We may disclose all applicable promotional details or, those relevant in context to regulators if required by applicable law.

19. We shall not be liable for any tax implications, legal consequences, or compliance obligations arising from the Customer’s use of the services. You are advised to seek independent tax and legal advice.

20. By agreeing to be bound by these Terms and Conditions, you agree to release us, our subsidiaries, affiliates, employees or agents from any liability related to these promotional Terms and Conditions or our services/products.

21. For any queries or customer support, please contact us at customersuccess@stockal.com or +91 22 42792110.

*Reference to the dollar value and dollar symbol shall be that of the lawful currency of the United States of America.