Terms and Conditions for Family Account

These Terms and Conditions govern the mapping of family members under a Family Head which shall be mapped to a Family ID (“Family ID”). By agreeing to map family members under a Family ID, all parties involved (including the Family Head and Family Members) agree to the following terms and conditions:

1. Definitions:
   1. "Primary Account Holder", “Primary Member” or "Family Head" refers to the individual who is designated as the main or principal account holder for Family Account.
   2. "Family Member" refers to the individuals who are related to the Primary Account Holder, such as spouse, children, parents. Further the Primary Account Holder can also map his / her HUF account where he / she is KARTA of the HUF as Family Member.
   3. "Mapped Family Account" refers to the account(s) of the Family Members that are linked or associated with the Primary Account Holder's account.
   4. “Family ID” refers to a unique identifier assigned to a family for operational purposes.


2. Interpretations:
   1. The use of terms “We”, “Our” or “Us” in this Document refers to the Company/IndiaBonds along with its representatives and this Platform.
   2. The use of terms “You”, “Your” or “User” in this Document refers to the Users (Primary Account Holder / Family Member) accessing/using this Programme.


3. Eligibility:
   1. The creation of Family Account as a Head of Family or mapping of family member with the Primary Account Holder (Head of Family) is available to individual at the time of Sign Up with IndiaBonds.
   2. The Primary Account Holder must be an Adult individual and he shall be able to create only 1 Family Account.
   3. Family Member can only place a request for linking his / her / their account to only one Family ID at the time of Sign Up.
   4. The Family Members must be related to the Primary Account Holder by blood, marriage.


4. Mapping Process:
   1. Individual at the time of Sign-up process shall have an option to Create Family Account or they shall also have an option to link with an existing Family Account.
   2. Individual who has opted for creating new Family account at the time of Sign Up has to complete the Sign-Up process by providing necessary details along with Unique Mobile No. (belongs to “SELF”) and Email Id (belongs to “SELF”) and at that time he / she shall have to validate their Mobile No. and Email Id by following the OTP validation process. On Successful completion of the Sign-up process, IndiaBonds shall create Family ID and tag it to the Individual Account and mark the Individual account holder as the Family Head. Family Head shall be able to login to his account by using his / her Mobile / Email-id.
   3. Once the Family Account has been created on IndiaBonds, the other family members at the time of their Sign Up can place request for linking with the Family Account by providing either the Mobile No. or Email Id of the Family Head and declaring their relationship with the Family Head. The Mobile No. or Email Id of the Family Head shared by Family Member shall be mapped to the Family Member and the same shall be marked as common between them. Family Member shall be required to validate their unique Mobile No. / Email Id through OTP, and they shall be able to login to IndiaBonds through their unique Email ID / Mobile No. only.
   4. On successful Sign up, Family Member’s individual account shall get created and the request for linking of his / her account shall be forwarded to the Family Head for approval and post approval of mapping request by the Family Head the family member shall get mapped to the Family Account.
      Note: It shall be the responsibility of the Family Head to verify the details submitted by Family Member at the time of mapping before approving the request raised by Family Member.
   5. As per the IndiaBonds Family Account Programme, Family Members with the undermentioned relationship can place request for mapping their account with Family Account which is subject to maximum number of accounts that can be mapped for each relationship.
      1. i. Husband / Wife: 1 account.
      2. ii. Father: 1 account.
      3. iii. Mother: 1 account.
      4. iv. Children’s (Son / Daughter): 4 accounts.
      5. v. HUF Account: 2 accounts (where Karta should be Family Head).
   6. IndiaBonds, in no condition shall be liable for authenticating any declaration of relationship made by Family Member and accepted by the Family Head and the User shall be solely responsible for the declarations made. However, IndiaBonds reserves the right to verify the relationship between the Primary Account Holder and the Family Members anytime during your relationship with IndiaBonds and take suitable action in case of deviations.


5. Rights and Responsibilities of the Primary Account Holder / Family Members:
   1. The Primary Account Holder through his login can switch to any Family Member profile and can place the orders on behalf of any family member. However, the authority for payment shall in all conditions will be with the family member on whose behalf the order has been placed. The payment link will be shared on either on the unique Email Id or Mobile No. registered with IndiaBonds, from where the Family Member can proceed with making the payment. The Family Members can also access their individual IndiaBonds account by using their unique Email Id / Mobile Number as their Login Id and can initiate payment through Order Book.
   2. The Family member(s) understand and consents that pursuant to this arrangement and authorisation, the relevant personal information of the Family Member shall be disclosed to Family Head for ease of placement of orders from the Family account in the name of Family Member.
   3. The Family Head/Family Member shall be able to cancel the orders placed by Family Head.
   4. The Primary Account Holder will be responsible for ensuring that all decisions and orders placed on behalf of the Family Members are in their best interest and align with their investment objectives and risk tolerance.
   5. The Primary Account Holder will be responsible for the activities of the Mapped Family Accounts and communicating any updates (including orders placed) to the Family Members.
   6. The Primary Account Holder will be responsible for ensuring that the Family Members are aware of and comply with the relevant rules, regulations, and guidelines governing the Securities market.
   7. The Primary Account Holder agrees not to be involved in influencing members to be added as a family member in lieu of providing any advisory services.


6. Restrictions and Limitations:
   1. The Mapped Family Accounts will be subject to the same rules, regulations, and guidelines applicable to Individual accounts.
   2. The Primary Account Holder will not be able to make any changes to the Mapped Family Accounts, such as updating personal information or modifying profile of Family Members.
   3. IndiaBonds reserves the right to impose additional restrictions or limitations on the Mapped Family Accounts based on regulatory requirements or internal policies.
   4. The Primary Account Holder agrees not to engage in or provide any kind of investment advisory, financial planning, or other advisory service to any other individual using mapping of this family account. The account is intended for the exclusive personal use and management of the account holder and their immediate family members only.
   5. The Primary Account Holder acknowledges that use of this family account for commercial advisory activities would constitute a breach of the account terms and could expose them to potential regulatory and legal liabilities. By accepting these terms, the account holder affirms that this account will be used solely for their own family investment and not for any external advisory services.
   6. IndiaBonds reserves the right to restrict placement of Orders to specific products displayed on the platform by Family Head on behalf of Family Member/s.
   7. In case of any unauthorised access of family member account, the Family Member can directly block the Family Head access through the link shared on your unique Email Id / Mobile Number or Family Member can report to us at <>. On report of any such instance, access of Family Head to all family members profile linked to the family account shall be blocked.


7. Termination and Withdrawal:
   1. The Primary Account Holder or the Family Member(s) may request the termination of the mapping at any time. The Family Member can delink their account and Family Head can Delink any family member from the Family Account. IndiaBonds shall intimate both the Family Head & Family Member about delinking of the family member from the Family Account.
   2. Upon termination of the mapping, the Mapped Family Accounts will be separated, and the Family Members will be responsible for managing their individual accounts independently. Any existing common Email ID / Mobile number used by the delinked Family members will have to be updated with unique Email ID / Mobile number to proceed with login to their individual IndiaBonds account.
   3. Family Head shall have an option to Close the Family Account. All the linked family members shall be delink from the Family Account on closure of Family account.
   4. In case any of the Family Member or Family Head has been debarred or any adjudication order has been issued by the Regulator/Exchanges, IndiaBonds reserves the right to dissolve the mapping of the Family Account without giving any prior notice.
   5. IndiaBonds reserves the right to terminate the mapping of the Family Accounts at any time, with or without prior notice, due to regulatory requirements, internal policy changes, or any other reason deemed appropriate
   6. IndiaBonds reserves the right in its absolute discretion to change, alter or discontinue the terms and conditions at any time without prior notice. The decision of IndiaBonds on all matters relating to, or in connection with the use of this program shall be final and binding on all Users concerned.


8. Liability and Indemnification:
   1. The Primary Account Holder will be solely responsible for all activities including placement of orders on behalf of the mapped Family Members.
   2. In connection with the authority vested by Family Member in the Primary Member, User agree that IndiaBonds shall have no liability for following the instructions of the Primary Member and agree that IndiaBonds shall not at any time incur any liability whether to User or to anyone claiming through User or any other third party with respect to any damage, losses, costs, expenses liabilities or lost profits sustained or alleged to have been sustained as a result of following the Primary Member instructions.
   3. For the avoidance of doubt, you hereby agree to keep IndiaBonds harmless against all damage, losses, lost profits, costs, expenses and liabilities (including legal fees on a solicitor) that IndiaBonds may incur in relation to or in connection with following the Primary Member instructions. This authorisation and indemnity are in addition to, and in no way prejudices, limits or restricts any rights or remedies IndiaBonds may have under any other arrangement with User or howsoever otherwise arising.
   4. Family Members waive the right to hold the IndiaBonds liable for any actions, omissions, or decisions of the Family Head.
   5. IndiaBonds shall not be responsible for any disputes arising between the Family Head and Family Members regarding orders placed by Family Head on behalf of Family Member.
   6. IndiaBonds will not be liable for any losses or damages incurred by the Primary Account Holder or the Family Members due to the mapping of the Family Accounts.