Please read these terms and conditions carefully.
“IAMIN WORLD” is an initiative of MIRAYA WEALTH ADVISORS PRIVATE LIMITED. We may modify these Terms at any time without notice to you by posting revised Terms on its websites. The access and use of this website https://iaminworld.com/ are subject to the following terms and conditions of use (“Conditions” and/or “Terms”). If you do not agree to abide by the Conditions, please do not review, refer, or download materials from this website
“IAMIN WORLD” has entered into a co-branding agreement with RBL Bank Ltd., a banking incorporated under the laws of India, having its principal place of business/registered office at Shahupuri, Kolhapur- 416001 and operating in these presents through its corporate office at One Indiabulls Centre, Tower 2B, 6th Floor, 841, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013 (“RBL”, “Bank”). Pursuant to this agreement, RBLwill issue the pre-paid payment instruments (“PPI(s)”) which will be co-branded and marketed by “IAMIN WORLD” operated by MIRAYA WEALTH ADVISORS PRIVATE LIMITED and offered to you through the Platform (“Wallet(s)”). The types of Wallets which we may offer you (from time to time) through the Platform.
These Terms are a binding agreement between you, RBL and “IAMIN WORLD” operated by MIRAYA WEALTH ADVISORS PRIVATE LIMITED, (acting on behalf of RBL). Throughout this document, we use the terms “We”, “Us” and “Our” to refer to RBL and “IAMIN WORLD” (acting on behalf of RBL) and the terms “You” and “Your” to refer to you, the user of the Platform. These Terms are in addition to and not in derogation of any other terms stipulated by RBL and “IAMIN WORLD” from time to time. In case of any conflict between these Terms and such other terms, these Terms will prevail.
We may revise these Terms, update the Platform, and modify the Services (at any time) to improve your experience on our Platform and on account of changes in Applicable Law (defined below). So, please check this page regularly to take note of any such changes. If you do not agree with any change made by us, you have the option to stop using our Services (but we will be sad to see you go).
Unless indicated otherwise, the capitalized terms have the meanings given below:
“Applicable Law(s)” means all applicable statutes, enactments, acts of legislatures or the India Parliament, laws, ordinances, rules, by-laws, regulations, notifications, guidelines, policies, directions, directives and orders of any governmental authority, tribunal, board, or a court and applicable international treaties and regulations, in force at the relevant time in India.
“KYC” stands for ‘know the customer’ and is a process prescribed under Applicable Law. RBL Bank will collect and authenticate your personal identification details to undertake KYC according to Applicable Law and RBI Regulations before it issues you a Wallet (wherever needed) and offers you related Services.
“PPI Master Directions” is the Master Direction issued by RBI on the ‘Issuance and Operation of Prepaid Payment Instruments’ on 11October 2017, as amended from time to time.
“Wallet Account” is the account associated with the Wallet issued to you by the Bank.
“Person-to-Bank Transfer” is a facility allowing you to transfer funds from your Wallet to any bank account.
“Person-to-Person Transfer” is a facility allowing you to transfer funds from your Wallet to any other individual’s prepaid payment instrument or bank account (as permitted from time to time).
“Person-to-Merchant Transfer” is a facility allowing you to transfer funds from your Wallet to any merchant (who accepts payments from the Wallet for purchase of its goods and services).
“RBI” is the Reserve Bank of India.
“RBI Regulations” are the rules, regulations, guidelines, directions, circulars, notifications, or instructions issued and updated by the RBI from time to time.
“SEBI” Securities and Exchange Board of India
“AMC” Asset Management Company
Acceptance of Terms
Compliance with Applicable Laws:
You must ensure that your use of the Platform and the Services complies with Applicable Laws.
Legal responsibility on behalf of minors:
Inquiries as to Minors:
By taking responsibility for a Minor, you authorize us to make inquiries (if we choose to do so), either directly or through third parties to validate the information provided about the Minor or your relationship with the Minor. This could include information to verify your relationship as a Parent to the Minor(s). If we are unable to verify the information that you provide, we may: (i) refuse to establish a “IAMIN WORLD” Account (defined below) and, or, Wallet Account for the Minor; (ii) close the “IAMIN WORLD” Account and/or, Wallet Account of a Minor; (iii) close the Parent’s “IAMIN WORLD” Account and/or, Wallet Account; and/or (iv) terminate our Services or portion(s) thereof.
Scope of Use:
Restrictions on Use of Materials:
The content of this site and any other “IAMIN WORLD” site is protected by copyright and trademark laws, and is the property of “IAMIN WORLD” is an initiative of MIRAYA WEALTH ADVISORS PRIVATE LIMITED. . Any content within “IAMIN WORLD” sites may be accessed only for your use. You agree not to sell, license, rent, modify, distribute, copy, reproduce, transmit, publicly display, publicly perform, publish, adapt, edit or create works from such materials or content or in any way exploit the material or content of our website. This means, you may download copies of posted materials for business use only, so long as you neither change nor delete any author attribution, trademark, legend or copyright or other proprietary notices. When you download copyrighted material, you do not obtain any ownership rights in that material. As noted above, reproduction, copying, or redistribution of any material within the “IAMIN WORLD” site is strictly prohibited without the express written permission of “IAMIN WORLD” You also may not, without “IAMIN WORLD” permission, “mirror” any materials contained within any “IAMIN WORLD” site or any other service. Any unauthorized user of any material contained within any “IAMIN WORLD” site may violate copyright laws, trademark laws, the laws of privacy and publicity, and communications regulations and statutes.
The information, materials, products, and services within “IAMIN WORLD” websites are subject to change.
“IAMIN WORLD” Account: Before you can apply to open a Wallet Account, you must create a profile with “IAMIN WORLD” through the Platform (““IAMIN WORLD” Account”). Once you have successfully opened a “IAMIN WORLD” Account, you can use the Platform and apply to open a Wallet Account. To create a “IAMIN WORLD” Account, you must provide us your phone number (which we will authenticate with a one-time password). You must also permit “IAMIN WORLD” to access to your SMS, contacts, location data, installed applications, and such other device data that “IAMIN WORLD” may require (from time to time) to provide you the Services. At the time of creating the “IAMIN WORLD” Account or any time after that (while you are using the Services) “IAMIN WORLD” may also ask you to provide details about yourself which include without limitation:
date of birth,
employment type and place of work,
any demographic data,
monthly income, and
You must add such information and documents requested in the manner prompted on the Platform. If you revoke any permissions on the Platform, we may restrict or deny your use of the Platform (or any of its features) to the effect that such information or documentation is necessary to provide you the Services.
If we believe that the information you provide to us is unreliable or incorrect, then, we may (at our discretion) disallow you from opening a “IAMIN WORLD” Account or Wallet Account. If we discover any deficiency in the information provided by you on a later date, we may terminate your “IAMIN WORLD” Account and your Wallet Account. Please note that we may (from time to time) ask you to provide us information about yourself to allow you to continue using the Platform and its Services.
As per RBI Regulations, the Bank can issue you a Wallet only if you comply with KYC requirements or provide us with the ‘minimum details’ about yourself. Whether you can use all or some of the Wallet’s features depends on whether you have provided minimum details (about yourself) or if you have completed full KYC on the Platform. Don’t worry! We will hand hold you through this once you start using the Platform.
What is a Pool Account:
The “Pool” is the Wallet issued to the Business Correspondent may open a bank account (“Pool Account”) with the Bank and the Bank shall provide such necessary assistance to the Business Correspondent for the opening of the said account. The Pool Account shall be used for the purposes of depositing the funds from the Customers for deposit in and withdrawal out of their savings account, current account, recurring deposit, fixed deposit etc. and payment for insurance premium or fees/commissions for any other third-party product sold by the Bank through the Business Correspondent. The Pool Account balance should be at least the sum of amount deposited by all Business Correspondent Agents for always enabling transaction in order to comply with regulatory guidelines and avoid inconvenience to the Customers due to lack of funds.
What is a Social Feed?
What’s life without friends? You can also share your transactions on the Platform with all your other friends who are using “IAMIN WORLD” (we call this the “Social Feed”). Of course, you have the option to turn this off whenever you want. Bear in mind, the Platform treats all “IAMIN WORLD” users who are in your phone’s contacts list as your ‘friends’.
What is a Card?
We may offer you a virtual card linked to your Wallet on the Platform (“Virtual Card”) and give you the option to request for a physical card (associated to your Wallet) (“Physical Card”). You may use these to make payments at merchants or to withdraw cash from ATMs; this of course depends on the type of Wallet you have been issued (more on this below). You may disable these cards at any time, through the Platform. You may use your Virtual Card or Physical Card to spend from both, the Pool and your personal Wallet within these prescribed limits. You cannot sell or transfer the Physical Card. We may cancel, repossess, or revoke your Physical Card (at any time without prior notice) subject to Applicable Law. We may also refuse to process any transaction which we believe may violate these Terms.
Issuance of Virtual & Physical Prepaid Debit card to the Minor/Children
The virtual & physical prepaid debit card will be issued to the minor/child. Parent and children can both load money into the card virtually through ‘I AM IN’ World App. However, the loaded money in the sub wallet will not be used for spending by the parent. The parent shall not have access to the card details. Only the child/Minor will have access to the card’s details.
Minor can save money in their goals (sub-wallet) from their parent’s accounts. The saved money in their sub-wallet will not available for spend through any means. Children can withdraw the saved money anytime and use the money.
You must provide “IAMIN WORLD” with certain personally identifiable information (“Personal Information “), as may be requested by “IAMIN WORLD” from time to time, including at the time of opening a “IAMIN WORLD” account. Personal Information may include (but shall not be limited to) the following: your name and e-mail address; your date of birth; your mailing address; your Mobile number; your Credit Card details; your permanent account number (PAN). You hereby irrevocable and unconditionally grant consent to “IAMIN WORLD” to share receive, record, store, and process your the Personal Information described in the preceding sentence, as well as other information relating to your transaction that also may be Personal Information, including the date, amount, and location of the transaction, among various entities including Sienna, its vendors, card issuing bank, and payment aggregators, for the purpose of maintaining and improving the services that “IAMIN WORLD” provides. You must keep your Personal Information up to date, and intimate “IAMIN WORLD” forthwith of any change in Personal Information. “IAMIN WORLD” and its vendors may use “IAMIN WORLD” to offer you promotions, incentives, contests, rewards, credits, and coupons.
“IAMIN WORLD” has expended considerable time, effort, and resources, and implemented technical and organizational measures, to maintain the security of your Personal Information. However, “IAMIN WORLD” cannot and does not guarantee that your Personal Information is impervious to all breaches of security through interception, hacking, or other means. Operation of “IAMIN WORLD”, “IAMIN WORLD” host servers, and communication and other links among “IAMIN WORLD”, its vendors, card issuing bank, and payment aggregators may be interfered with by factors beyond “IAMIN WORLD” or their control.
User’s relationship with RBL Bank:
Who issues the products: RBL will issue the Wallet to you (if you successfully complete the KYC process/minimum details requirement and any other requirements that we may prescribe from time to time). Remember, the Wallet is not issued by “IAMIN WORLD”. It is issued by RBL. “IAMIN WORLD” provides and maintains the Platform which acts as an interface through which you can access your Wallet Account.
Who holds your funds: “IAMIN WORLD” does not hold your funds either RBL maintains the Wallets which hold your funds, and against which all payments and transfers are settled. So, funds in your Wallet are solely held by RBL. Ergo, when you send funds, receive funds, or make payments to merchants, RBL debits or credits your account based on the instructions you send through the Platform.
Description of Services:
Type of Card: Reloadable Instrument
KYC Requirement: Corporate
KYC Requirement: Prepaid Member
Type of Card: Reloadable
Program Coverage: Employees / Agents / Customers / Associates / Vendors / Others
Maximum Balance Limits: Rs. 50,000/- balance threshold restriction (or as per limits set by RBI from time to time)
ATM Cash Withdrawal: Allowed
User Representations and Warranties:
When you open a “IAMIN WORLD” account, and each time that you use or access “IAMIN WORLD”, you represent and warrant to “IAMIN WORLD” that (1) you are at least 18 years old, (2) you are a citizen of India, (3) all Personal Information that you have provided to “IAMIN WORLD” is complete and accurate in all material respects.
A minor under a guardianship of a person who has capacity to contract may hold and use “IAMIN WORLD” under such guardianship.
A minor having age of more than 10 years may hold “IAMIN WORLD” subject to reasonable restriction imposed by “IAMIN WORLD” and subject to any direction of any regulatory Authority for the time being in force.
The Guardian who loads the card of the minor shall be responsible for all the actions of the minor. The guardian undertakes to indemnify and keep indemnified “IAMIN WORLD” from any usage of the minor’s card. The Guardian further undertakes to maintain complete supervision at all time on the activities of the minor and agrees to be fully compliant of all the rules and regulations being in force from time to time.
We reserve the right to immediately terminate your account if we believe that your account is being used by any person who is not eligible, or for any other reason.
We rely completely on the accuracy of your representation that you are eligible and will bear no liability if you or anyone who uses your “IAMIN WORLD” account is found to be not eligible.
You are responsible for all fees and charges imposed by your Internet and mobile device service providers and compliance with the terms and conditions of your agreements with them.
All the contents of this App are only for general information or use. No information on this App constitutes advice by “IAMIN WORLD” and should not be relied upon in making (or refraining from making) any decisions. Replies to any queries in any part of the App by any person other than (“IAMIN WORLD”) are the personal opinion of such persons and are not subscribed to by this Site.
“IAMIN WORLD”, its directors, employees, agents, representatives, affiliates and associates shall not be liable, at any time, for damages (including, without limitation, damages for loss of business projects, or loss of profits) arising in contract, tort or otherwise from the use of or inability to use the Site, or any of its contents, or from any act or omissions as a result of using the Site or its contents or for any failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communications line failure, theft or destruction or unauthorized access to, alteration of, or use of information contained on the Site. No representations, warranties or guarantees whatsoever are made as to the accuracy, adequacy, reliability, completeness, suitability, or applicability of the information to a particular situation.
Certain links on the Site lead to resources located on servers maintained by third parties over whom “IAMIN WORLD” has no control or connection, business or otherwise as these sites are external to “IAMIN WORLD”. “IAMIN WORLD” therefore neither endorses nor offers any judgments or warranty and accepts no responsibility or liability for the authenticity/availability of any of the goods/services/or for any damage, loss or harm, direct or consequential or any violation of local or international laws that may be incurred by your visit and/or transaction/s on these Sites
Third Party Responsibilities:
“IAMIN WORLD” contains links to third party website/s (through hyperlinks in the form of word link, banners, channels or otherwise), as a convenience to user(s) and “IAMIN WORLD” does not have any control over such websites i.e., content and services provided by them.
“IAMIN WORLD” may allow user(s) access to content, products or services offered by third parties through hyperlinks (in the form of word link, banners, channels or otherwise) to such Third Party’s web site. You are cautioned to read such sites’ terms and conditions and/or privacy policies before using such websites in order to be aware of the terms and conditions of your use of such sites. “IAMIN WORLD” does not endorse, approve, or sponsor any third-party services, or any third-party content, advertising, information, materials, products, services, or other items. Furthermore, “IAMIN WORLD” is not responsible for the quality or delivery of the products or services offered, accessed, obtained by or advertised at such websites. “IAMIN WORLD” is, under no circumstances liable for any direct, indirect, incidental, or special loss or other damages or losses, whether arising from negligence, breach of contract, defamation, infringement of copyright or other intellectual property rights, caused by the exhibition, distribution or exploitation of any information or content contained within these third-party services. Any activities you engage in connection with any of the same are subject to the privacy and other policies, terms and conditions of use and/or sale, and rules issued by the operator of the third-party services. “IAMIN WORLD” disclaims all liability in connection therewith.
Third party dealings:- Any interactions, correspondence, transactions, and other dealings that you have with any third parties found on or through the Service (including on or via Third-Party Services or advertisements) are solely between you and the third party (including issues related to the content of third-party advertisements, payments, delivery of goods, warranties (including product warranties), privacy and data security, and the like) and “IAMIN WORLD” disclaims all liability in connection therewith.
“IAMIN WORLD” is not responsible for any of the products or services that you purchase or rewards or other incentives that you earn using “IAMIN WORLD”. Any complaints regarding products, services, and rewards and incentives programs must be directed to the relevant vendor or merchant establishment, and in the case of complaints regarding rewards, you may have recourse to the third party involved in providing or administering the rewards program.
Any changes to the Services to be performed under this Agreement, other than those specifically contemplated herein, must be in writing and signed by both parties.
No interest will be payable to you on the balance reflected in the Wallet.
Only Open Wallets permit cash withdrawal.
Wallets are not transferable.
We can suspend/discontinue the Wallets issued to you at any time, for any cause, including but not limited, to the following:
For any suspected violation of RBI Regulations/Applicable Law;
For any suspected discrepancy in the particulars provided by you, information provided by you to do KYC, or documentation or “IAMIN WORLD” Account Data provided by you;
To combat potential fraud, sabotage, wilful destruction, threat to national security or for any other force majeure event;
On account of technical failure, modification, upgradation, variation, relocation, repair, and/or maintenance due to any emergency or for any technical reasons;
On account of any transmission deficiencies;
If the mobile connection with which your Wallet is related is un operational; and
If we believe, that cessation/suspension is necessary for any other legitimate purpose.
Wallet charges & validity:
Any amount in your Wallet that is utilized towards making payments for any transaction is automatically debited from your Wallet. Our responsibility is limited to debiting your Wallet and paying any merchant that you transact with. We do not endorse, promote, champion or warrant any goods or services that you buy using the Wallet.
We have the right to levy charges on any amounts loaded to the Wallet or any amounts spent/ transferred by you while using your Wallet. We will let you know what these charges are through the Platform.
We reserve the right to set off any balance in the Wallet against amounts due for transactions processed as per your request.
Wallet expiry and balance forfeiture
Wallets with no financial transactions for a consecutive period of one year will be made inactive by us, after notifying you. We may re-activate such Wallet after validation and applicable due diligence. But apart from this, at present, we do not cause Wallets to expire or forfeit the balance amount in these Wallets.
We reserve the right to introduce a policy for Wallet expiration and balance forfeiture in the future (in line with Applicable Law). If we do so, we will notify you prior to such expiration, if mandated by Applicable Law.
Refunds in case of failed/ returned/ rejected/ cancelled transactions will be applied to your Wallet, to the extent that the payment was made initially by a debit to the Wallet, even if such refund results in exceeding the limit prescribed for that category of Wallet.
If you wish to receive a refund on an amount that has been debited from your Wallet on some any other ground, please email us at [insert email address] and explain the circumstances and your reason for the request.
If your request is valid, we will make reasonable efforts to honor the request and refund the amount in question to your Wallet subject to Applicable Laws.
We will try to respond to your refund requests at the earliest. However, we will not be responsible for any delays which are outside our control or are due to third parties such as merchants who we rely on to process your refund requests. Please note that we do not undertake any liability for the processing of the refund requests.
You have a right to initiate a chargeback request in accordance with the Bank’s policy. Please note that “IAMIN WORLD” does not have a role to play in the processing of chargeback requests and the same are processed solely by the Bank.
We reserve the right to review your account and transaction history pursuant to a chargeback request, in order to determine the veracity of a chargeback request, including determining the occurrence of any fraud. If we have any reason to believe that there has been a fraudulent activity on your Wallet, we reserve the right to terminate, block or suspend your Wallet with immediate effect. You shall have no claims against us in this regard.
You must have money in your Wallet to be able to send or spend it. Unfortunately, if you don’t, we will have to stop that transaction from going through. You cannot have a negative balance in your Account or incur overdrafts either.
Unauthorized use of the Platform:
Tell us at once if you believe your Wallet Account or “IAMIN WORLD” Account has been accessed without your permission. If you feel something of this sort has occurred, please email us at email@example.com and/or call us at +91 9372349961. The sooner you tell us about the breach, the better equipped we will be to avoid/minimize any loss.
We may charge a fee for providing our Services, which we will convey to you through the Platform, (including any periodic revisions). For instance, we may charge you a fee for availing features of your Wallet Account or using the Physical Card. Rest assured that we will let you know before charging you anything.
We may terminate the Services we provide at any time, for any reason, and without advance notice. This means we can stop providing you with any Services or impose new or additional limits without notifying you. However, we will always notify you when the law requires us to update you regarding any changes.
Privacy and data security:
Third Party Access: We and our third-party service providers may use your data, including your financial information, to improve our Services. We and our third-party service providers may use anonymous, aggregate financial information to perform analytical research, engage in performance tracking or benchmarking, or to publish, distribute, or license the aggregated, anonymous research data for any purpose.
Despite our best efforts, you understand that transmissions on the internet cannot always be secure. You are responsible for safeguarding your mobile device, phone number, one-time passwords, log-in credentials, and any other information used to access our Services. If you do not take necessary safeguards you will be responsible, within limits imposed by law, for any loss associated with the unauthorized use of your “IAMIN WORLD” Account and Wallet Account.
Undertaking your KYC: You authorize us (and any third party appointed by us) to facilitate your KYC process as may be required from time to time. This may include asking you for the documentation required under law as well as additional information or verifying your information against third party databases or other sources. If you refuse to complete the KYC requirements stipulated under law, we may need to deny or limit your use of the Services. The collection, verification, audit, and maintenance of the correct and updated information about you is a continuous process, so we reserve the right at any time, to take steps necessary to ensure compliance with all relevant and applicable KYC requirements.
Who shall undertake KYC: To undertake KYC verification (wherever applicable), you agree and acknowledge that we may engage a third-party service provider.
Liability for failing to make transfers:
We will not be liable, for instance:
if, through no fault of ours, your Wallet does not have sufficient funds for the transaction or funds are unavailable for withdrawal.
if a computer system, ATM, or PoS terminal was not working properly and you knew about the problem when you started the transaction;
if the ATM where you are making the transaction does not have enough cash;
if a merchant refuses to honour the payment made through the Wallet;
if circumstances beyond our control (including but not limited to fire, flood, terrorist attack or national emergency) prevent the transaction, despite reasonable precautions that we have taken;
if you attempt to use a Physical Card that has not been properly activated; or
if the Physical Card has been reported as lost or stolen, has been suspended by us, or we have reason to believe the transaction is not authorized by you.
Third party disclosures:
“IAMIN WORLD” may (from time to time) allow third party service providers to offer their users the ability to log-in to their websites/mobile applications through the “IAMIN WORLD” Account log-in credentials. Parents must ensure that they: (i) have permitted the use of the “IAMIN WORLD” Account log-in credentials to access such third-party websites/applications and; (ii) monitor the use of such third-party services by Minors. “IAMIN WORLD” does not endorse these third-party websites and applications that allow you to sign in with “IAMIN WORLD” Account log-in credentials and takes no responsibility for them.
IAMIN WORLD operated by Miraya Wealth Advisors Pvt. Ltd. to carry out all mutual fund investment/redemption instructions (“Instructions”) which I provide through the website https://iaminworld.com/ (“Website”), using the Phone or the Email and Password (“Login Credentials”) or other modes of authorization as acceptable to IAMIN WORLD operated by Miraya Wealth Advisors Pvt. Ltd. at its discretion, associated with my platform investment account.
In terms of Information Technology Act, 2000, this document is an electronic record, being generated by a computer system and it does not require any physical or digital signature. Your acceptance to the terms and conditions shall be considered as your consent to register on the Website, the services and products (collectively referred to herein as “Services”) provided by IAMIN WORLD operated by Miraya Wealth Advisors Pvt. Ltd. in accordance with the terms and conditions laid down by IAMIN WORLD operated by Miraya Wealth Advisors Pvt. Ltd.
When using the Services of Company, you will be required to, create an account with Company. If you do create an account with Company, you agree that you shall take all steps necessary to protect your login details and keep them secret.
You agree that you shall not give your login details to anyone else or allow anyone else to use your log in details or account.
In these terms, references to “login details” or “account” include your login details and account for any social network or platform that you may allow the Services of Company to interact with.
“IAMIN WORLD” also offers You a technology platform via the Platforms which helps you to invest, save and manage your earnings Your investments in mutual funds by You on the Platforms (“Services”). We provide the Services to enable You with personal financial management. It is reiterated that the “IAMIN WORLD” as an intermediary platform enables You to browse through various Third-Party Entities (as defined below) and chose to invest in products from such Third-Party Entity that is best suited for Your needs. You acknowledge and agree that You will directly invest in the Products (as defined below) of the Third-Party Entities through Our Platform. To review the terms of any of the Products (“Transaction Documents”) please visit the website of the concerned Third Party Entity.
You may use the Services to invest in/purchase the mutual fund schemes units and/or insurance policies provided by Third Party Entities (“Products”) through the Platform (such investment/purchase, “Transaction”). The brief description of services of the mutual fund companies and insurance companies available on the Platforms is as set forth below:
“IAMIN WORLD” is a registered distributor of mutual funds in India under the Association of Mutual Funds in India. The details of the services rendered under the AMFI
It is hereby clarified, and specifically acknowledged and agreed by You, that the services of distribution of mutual funds are being rendered by the “IAMIN WORLD” with one arm distance between the two. It is further clarified that the “IAMIN WORLD” is the AMFI registered mutual fund distributor. IAMIN WORLD is rendering the services of mutual fund distribution and investment advisory as per the extant regulations under applicable law and is providing a Platform to You to facilitate the Transaction of investment in Products.
You may choose to invest in any mutual fund scheme units issued by various AMCs through Our Platforms, upon completion of the KYC process as set forth in Clause 2 above. Investments from residents in the United States of America may not be permitted to invest in certain mutual funds. The “IAMIN WORLD” shall not be liable for rejection of such application by the AMCs, where the person is a resident of the USA and/or Canada.
On being KYC compliant, You will be able to make investments via the Platforms. You choose Your investments on the Platforms on the basis of the investment field You would like to invest in, risk You would like to take (ranging from high, medium, and low). On the basis of Your goal and risk factor through proprietary algorithms, We may recommend to You the mutual funds suited for your need. However, it is clarified and agreed by You that the funds recommended to You are mere suggestions. You should undertake a diligence exercise on the mutual fund schemes that You are desirous of investing in. Please note that the actual investment by You on the Platform in any of the Products is Your own voluntary decision and the “IAMIN WORLD” will not be liable for consequences of such investment, including losses, if any, incurred by You.
You may also directly contact the AMCs in respect of the Transactions completed via the Platforms. AMCs will regularly send Us communication like account statements, fund updates etc.
After choosing the funds You would want to invest in, You will be directed to the payment page. You can choose to do a NACH, Direct Debit, UPI and/or Payment Gateway. For investments either of NACH, Direct Debit, UPI and/or Payment Gateway(s), You will submit the NACH/ Direct Debit/UPI/Payment Gateways(s) instruction(s) to Your bank.
You need to provide the signed physical copy of NACH/Direct Debit mandate or a scanned copy of the original signed NACH mandate for faster registration with the respective bank to the “IAMIN WORLD” through authorized modes like email, electronic upload, etc. for registration with Us from Your bank. In case of scanned copy shared, You authorize the “IAMIN WORLD” to process transactions by debiting Your bank account, basis the scanned mandate form shared. You hereby confirm that the original mandate submitted by You is available and is under Your custody for the time period of 10 (ten) years or as specified by RBI, whichever is longer. In the event of a dispute, You undertake to retrieve and provide the original mandate forms within 48 (forty eight) hours of receipt of such request from the “IAMIN WORLD” or as mandated by NPCI Dispute Management System whichever is earlier in case of any claim/proceedings/damages/charges which may arise due to the processing of transactions (on the basis instructions of investments given by You).
You agree that it is Your responsibility to ensure that the money You invest via the Platforms is from Your bank account only, is from legitimate sources, and is remitted through approved banking channels.
Your instructions will be processed on the same business day if received before the cut-off time(s) specified by Us or Your Instructions will be processed on the next business day. We will specify cut-off time(s) prior to the time(s) specified by the AMC/ SEBI on the Platforms. The transactions once placed may not be cancelled / reversed or can only be redeemed with the NAV applicable as per the redemption date subject to the cut-off time. The respective AMC shall credit the redeemed amount directly into the investor’s account as per the Transaction Documents.
On communication of the irrevocable instructions to Us, We will execute Your instruction(s) with regards to purchase or redemption of the units in the respective AMC. We will forward Your instructions to the respective AMC electronically or otherwise, pursuant to which the respective AMC will process the transactions. AMCs are not obliged to accept Your application for subscription to units of their mutual fund schemes in part or in full. If after execution of any transaction, it is for any reason found that You have not provided the “IAMIN WORLD” with sufficient funds for the transaction, You shall pay the deficient amount to the “IAMIN WORLD” together with any additional charges that may be payable by You on the “IAMIN WORLD”’s demand being conclusive.
You agree and acknowledge that such charges/fees will be in addition to those levied by the mutual fund AMCs. All fees, charges and reimbursement of expenditure shall be paid or made in full by You without any counterclaim, set off or withholding.
If the amount You want to invest is more than the specified limit by our Payment Service Providers, then You may, for your convenience at your own risk and free volition, transfer the investment amount to an account of the “IAMIN WORLD”, as specified by the “IAMIN WORLD”. Post which, the “IAMIN WORLD” shall remit the same to each mutual fund “IAMIN WORLD” as per Your approved instructions for the execution of mutual fund transaction.
The “IAMIN WORLD” does not offer all mutual fund schemes for investment as available in the market. By limiting the number of schemes on the Platforms, We do not make any representation as to the quality, bona fides or nature of any AMC or mutual fund scheme, or any other representation, warranty or guarantee, expressed or implied. You unconditionally agree that We do not in any manner:
Guarantee payments on any units;
Guarantee liquidity of any units;
Make any offer to buy back any units;
Guarantee the redemption or repayment of any units on maturity;
Guarantee the payments of interest or dividend; and/or
Promise, indicate or guarantee any returns.
You agree that any sum invested through Your Account is not a deposit with the “IAMIN WORLD” and is not bank insured. The same is not endorsed or guaranteed and does not constitute obligations of the “IAMIN WORLD” or any of its subsidiaries/associates/ affiliates companies.
For investment accounts held jointly, the mutual fund folios maintained by the respective AMC will also be held jointly and all the individuals will have the same authority to operate those folios. All instructions (including instructions for modification of this clause) to the “IAMIN WORLD” shall be given only by the first holder, on behalf of all of the holders. For the purposes of joint mutual fund accounts the second and the third holders will irrevocably constitute the first holder as our agent. All instructions given by the first holder above shall be binding as if given by each of us personally.
Any notice or other correspondence addressed by the “IAMIN WORLD” to You may be addressed to the first holder above at the address given by You. If according to You there is any discrepancy in the particulars or details of Your transaction or account of statement then You shall be obliged to intimate the same to the “IAMIN WORLD” in writing within 10 (ten) days of receiving notice thereof, failing which such transaction, statement or account (as the case may be) shall be deemed to be correct and accepted by You and the “IAMIN WORLD” will not be entitled to question the correctness or accuracy thereof.
You understand that since You have not invested in the “IAMIN WORLD” but financial products of AMCs or such other entities and thus You need to deal with these entities directly to access Your investments and indemnify the “IAMIN WORLD” from any loss arising thereto. This indemnification shall survive the termination of Your agreement (these Terms) with the “IAMIN WORLD”.
You acknowledge, agree, and undertake that mutual fund investments are subject to market risks, and that You have read all scheme-related documents carefully prior to completing any Transaction on Our Platform.
You expressly agree that the past performance of any AMC is not an indicator of future performance.
Any projected returns shown on the Platforms are for the purpose of illustrating a path to achieve a goal and is based on some assumptions as mentioned there itself. Hence any projection on the Platforms should NOT be construed as an assurance or guarantee that the objectives of the recommendations will be achieved.
The user shall authorize the “IAMIN WORLD” to utilize User’s KYC information such as identity (name, PAN, age etc.), address and signature for sending it to Asset Management Companies (AMC) for the purpose of validation and to comply with the legal and regulatory requirements. The User understands that the User’s Investment Account will be activated after the “IAMIN WORLD” verifies the Users personal information in accordance with the Know Your Client (“KYC”) guidelines issued by the Securities and Exchange Board of India (“SEBI”). For this verification, the User gives its consent to the “IAMIN WORLD” to share the necessary information with KRA’s, AMC’s, RTA’s and the “IAMIN WORLD”’s service partners, to comply with legal and regulatory requirements and for the purpose of fulfilling its obligations. Investments from residents in the United States of America and Canada are not permitted in certain mutual funds. The “IAMIN WORLD” shall not be liable for rejection of such application by Mutual Funds, where investor is an US and/or Canada person as per the applicable law of the land. The User’s accepts and is aware that the signature available in the CVL KRA records/system would be used for signature verification for processing any requests made by the User through the Website and in the event of such signature not being available or legible in the CVL KRA records/system, User understands and agrees that that the AMC shall be entitled to carry out further checks to validate the authenticity of the request and/ or to reject / disallow any transaction in connection herewith.
The User hereby confirms that all instructions provided by the user are execution only transaction and any advice provided by the “IAMIN WORLD” is general and incidental in nature to its business as a Mutual Fund distributor and the “IAMIN WORLD” has not charged any advisory fees on such transactions. The User authorizes the “IAMIN WORLD” to communicate with the Asset Management “IAMIN WORLD” (Mutual Fund “IAMIN WORLD” or “AMC”) on User’s behalf for financial and non-financial transactions and to receive details of Users investment from the AMC.
The User is aware that the “IAMIN WORLD” is a registered distributor of mutual funds and receives upfront and trail commissions from AMCs details of which are available on the Website and that there may be an entry or exit load and capital gain taxes in mutual fund schemes, which are mentioned in the offer documents and the extant laws.
The User has provided the assurance that the money that User invest is from User’s bank account (primary holder’s bank account in case of Investment Account held jointly) is from legitimate sources and is remitted through approved banking channels.
The User has made an informed investment decision after seeking professional advice and understands the associated risk factors of the investment. The advice given by the “IAMIN WORLD” is based on the information provided by the User. Before acting on this advice the User has considered the appropriateness of the advice, having regard to the Users own objectives, financial situation and needs. If any products are detailed here, the User understands that he/she must read all the Scheme related documents relating to the products and consider its contents before making any decisions. The User also accepts sole responsibility associated with the use of such materials irrespective of the purpose for which such use/results are applied.
The User shall provide any such document that the “IAMIN WORLD” requires for compliance purpose or otherwise
Where the Customer is a minor, who does not have any income chargeable to income tax, he / she shall quote the PAN of his / her father or mother or Court appointed legal guardian, as the case may be. It would be the responsibility of Distributor to correctly quote the date of birth of the minor and relationship with the guardian and maintain the required supporting documentary proof (as required by regulations from time to time) while reporting a transaction in a folio maintained on behalf of minor.
With reference the SEBI Circular No. SEBI/IMD/CIR No.12 /186868 /2009 dated December 11, 2009 which notifies that documentation needs to be maintained by the AMC for all transactions reported to them, Distributor will follow the below detailed process flow:
Fresh Purchase: The below detailed documents to be submitted through straight through processing on the same day of reporting the transaction and either the originals or attested copies within seven days of transaction, to be submitted to R86T as per the process set-forth by them.
Individual customers: Power of Attorney (PoA) or equivalent document and copy of Permanent Account Number (PAN) (or an alternate document where PAN is not required such as for Micro SIP, bonafide Sikkim residents etc.) Additionally, where KYC acknowledgement is not submitted earlier, the same shall be submitted.
Non-Individual Customers: POA or equivalent document, Board Resolution, List of Authorized Signatories, attested copy of PAN, or other relevant document as applicable, Additionally, where KYC acknowledgement is not submitted earlier, the same shall be submitted.
For Subsequent Transactions: The below detailed documents to be submitted to R&T as per the process set-forth by them on the day of reporting the transaction; Where placed through discretionary PoA, No transaction documents to be collected, as PoA holder has discretion to transact, Where placed through non-discretionary PoA; Attested Physical copy or scan copy of client instruction on weekly basis; transactions received through online mode, transaction log to be submitted on the same day along with transaction feed or within a week if not part of transaction feed. Prior approval of the AMC is required transactions through any other mode
Disclaimer of warranties:
We make reasonable efforts to make the Platform and/or Services available, but we make no representations or warranties regarding the same, including the time needed to complete transaction processing because this is dependent on many factors outside our control.
“IAMIN WORLD” through the Platform only helps you gain access to your Wallet. “IAMIN WORLD” is not liable for any losses that may occur as a result of the acts or omissions of RBL and any other third-party service providers.
The Platform and Services are provided on an “as is” basis without any representation or warranties, express or implied except otherwise specified in writing. We do not warrant the quality of the Services or the Platform, including its uninterrupted, timely, secure, or error-free provision, continued compatibility on any device, or correction of any errors. In no event shall we or any of our affiliates, successors, and assigns, and each of their respective investors, directors, officers, employees, or agents be liable for any special, incidental, punitive, direct, indirect, or consequential damages or losses suffered as a consequence of a breach of the Terms by another user or arising out of the use of, or the reliance on, any of the Services or the Platform.
Limitation of liability:
You agree that access and use of the Services is at your own risk. Except as required by law, you agree that “IAMIN WORLD” will not be liable for any harms arising out of your use of the Services, which lawyers and courts often call direct, indirect, incidental, special, consequential, or exemplary damages, including damages for loss of profits, goodwill, use, data or other intangible losses, even if we have advised you of the possibility of such harms.
In the event any exclusion contained herein is held to be invalid for any reason and we or any of our affiliate entities, officers, directors, or employees become liable for loss or damage, then, any such liability shall be limited to [insert amount].
Obligations and restrictions on user:
No scaling or jeopardizing our platform: You agree to not interfere with or use non-public areas of our Platform and our technical delivery system. You will not introduce any trojans, viruses, any other malicious software, any bots or scrape our Platform for any user information. Additionally, you will not probe, scan, or test the vulnerability of any system, security or authentication measures implemented by us. If you tamper or attempt to tamper with our technological design and architecture, we may terminate your “IAMIN WORLD” Account. We may further report such actions to the appropriate law enforcement authorities and initiate legal action.
No commercial usage: You shall use the Services only for your lawful and personal use.
No illegal usage: You shall not use the Platform or the Services for committing fraud, embezzlement, money laundering or for any other unlawful and/or illegal purposes.
Duty to provide true information:
The information you provide is used by us and the Bank to determine your eligibility and continuing use of your Wallet. It is critical that all information you provide to us is true, complete, not misleading and is regularly updated by you. If all or any part of this information is incorrect, incomplete, or misleading, it would be a breach of these Terms and a violation of the law. We may approach appropriate authorities to initiate legal action against you. You must further ensure that you do not do anything that can make the information provided by you incorrect, incomplete, or misleading at a later date. If you discover any information provided is incorrect, incomplete, or misleading, then please write to our Grievance Officer (details given below) immediately.
Duty to be responsible:
Considering the nature of the Platform and Services provided, please ensure that you keep your mobile device safe. You are solely responsible for all activities that occur under your credentials on the Platform and for any amounts debited from or credited to your Wallet. You should keep your password safe and not disclose your “IAMIN WORLD” Account details to any third party or share your “IAMIN WORLD” Account with any third party. If you think someone has gained access to your “IAMIN WORLD” Account or your Wallet Account without your permission, please contact our Grievance Officer immediately.
Ensure compatibility and keep updated: You must ensure that you keep updating the Platform as and when we release new versions of it. Failure to do so may make you incapable of using the Platform and our Services.
Limitation of Liability & Damages:
n no event shall “IAMIN WORLD” (or its directors, offices, affiliates, and Employees), be liable for any direct, indirect, punitive, or exemplary damages including without limitations for loss of profit that results from use or inability to use or unavailability of “IAMIN WORLD”.
The limitation of liability section applies whether the alleged liability is based on tort, contract, negligence, or any other basis. The forgoing limitation of liability shall apply to the fullest extent permitted by law in the applicable jurisdiction.
“IAMIN WORLD” is controlled and operated from facilities in India. “IAMIN WORLD” makes no representations that “IAMIN WORLD” is appropriate or available for use in other locations. Any person who accesses or uses IAMIN WORLD” from other jurisdictions does so at his or her own risk and is entirely responsible for compliance with all applicable laws and regulations of India, including but not limited to foreign exchange regulations.
You shall defend and indemnify “IAMIN WORLD” operated as MIRAYA WEALTH ADVISORS PRIVATE LIMITED., directors, officers, employees, any third-party providers, distributors, AMC/ Mutual funds, and their agents from and against any claim, cause of action or demand, including without limitation reasonable legal and other fees, brought by or on your behalf in excess of the liability described herein or by third parties as a result of your use of this Site.
IAMIN WORLD is committed to protecting the security of our users. At IAMIN WORLD sites, we always use industry-standard security technologies when transferring and receiving Customer Data exchanged within our website. Please keep in mind, however, that no data transmission over the Internet or any wireless network can be guaranteed to be 100% secure. As a result, we cannot guarantee the security of any information you transmit using our website and you transmit such information at your own risk. IAMIN WORLD further does not assume responsibility for use or disclosure of your information that are the result of unauthorized or illegal access to our systems or those of our vendors or partners.
“IAMIN WORLD” is not responsible for the content of third-party sites hyperlinked from this page, nor does it guarantee the products or services offered on third party sites. Your use of the hyperlinks is at your own risk. You should review the privacy statement of a web site before you provide personal or confidential information.
Your use of the Services is at your sole risk. We endeavor to get you the best of the Services and update the content on a regular basis. However, notwithstanding anything in these Terms, the Services is provided on an “AS IS” and “AS AVAILABLE” basis and is provided without warranties of any kind, whether express or implied, including, but not limited to, implied warranties of merchantability, fitness for a particular purpose, non-infringement, or course of performance. We and our subsidiaries, affiliates, and licensors do not warrant that a) the Services will function uninterrupted, secure or available at any particular time or location; b) any errors or defects will be corrected; c) the Services is free of viruses or other harmful components; or d) the results that may be obtained from the use of the Services or materials will be effective, accurate or reliable, or (d) the quality of any class that you attend via the Services, or any other products, services, or information purchased or obtained by you from the Services from us will meet your expectations or be free from mistakes, errors or defects.
Without limiting the foregoing, under no circumstances shall we be held liable for any damage or loss due to a deficiency in provision of the Services resulting directly or indirectly from acts of nature, forces, or causes beyond our reasonable control, including, without limitation, internet failures, computer equipment failures, telecommunication equipment failures, or any other government regulations, floods, storms, electrical failure, civil disturbances, riots.
All of the content on the Platform, including, all images, illustrations, graphics, video clips, text, reports generated, trademarks, as well as the underlying code of the Platform (“Platform Content”), constitutes our intellectual property (of RBL or “IAMIN WORLD” or AMC as the case may be).
We give you a limited, non-transferrable, non-sub-licensable and revocable license to access the Platform, avail of the features of the Platform for your personal, lawful requirements only. You are not entitled to duplicate, distribute, create derivative works of, display, or commercially exploit the Platform Content, features or facilities, directly or indirectly, without our prior written permission.
In case you do not want to continue using our Platform and the Services and want to deactivate your “IAMIN WORLD” Account, and/or unsubscribe from the mailing lists, or you do not agree with any provision of these Terms and wish to opt out of receiving our Services, please contact us at firstname.lastname@example.org. However, requests for deactivating a Family may only be accepted when communicated by the Parent of a Family.
By using our Platform, you consent to receiving communications from us electronically. We may communicate with you by email, push notifications (on the Platform) and SMS. You agree that all electronic agreements, notices, disclosures, and other communications satisfy any requirements under Applicable Law and that such communications are in writing. Please let us know if the information you share with us (including your email address and other contact details) changes. Our emails to you will be sent to the email address you last provided us, that is, if you shared your email address with us through the Platform. We will assume that you have received the email once it is sent from the outbox of our email address.
Regulation around technology companies such as ours is ever changing. You understand and agree that we may have to modify the Services as well as the Platform on account of the regulatory landscape we are subject to. In such case, if you become incapable of using all or any part of the Platform or the Services, we shall not be liable to you in any manner.
Third party content and advertisements:
We may, from time to time, display offers, services, products and advertisements from third parties on our Platform for your benefit. However, this does not mean we endorse these third parties or their products and services. If you accept any of the products or services of such third parties, such arrangement shall be solely between you and the third party. We will not be liable in any manner for such products or services of such third parties.
These Terms shall be construed in accordance with the laws of India, and the parties irrevocably consent to bring any action to enforce these Terms before an arbitration panel or before a court of competent jurisdiction in Mumbai, India if seeking interim or preliminary relief or enforcement of an arbitration award. Your use of this web site is governed by the laws of India and under Mumbai jurisdiction.
Assignment: You shall not assign or transfer any right or obligation that has accrued to you under these Terms, and any attempt by you to assign or transfer such rights and obligations, shall be null and void. We may assign or transfer any right or obligations that accrued in our favour, at our sole discretion, without any restriction.
Waiver: Unless otherwise stated expressly, any delay or failure in our exercising any rights/remedies arising out of these Terms and/or other policies available on the Platform, shall not constitute a waiver of rights or remedies and no single/partial exercise of any rights or remedies, hereunder, shall prevent any further exercise of the rights/remedies by us.
Survival: You acknowledge that your representations, undertakings, and warranties and the clauses relating to indemnities, limitation of liability, governing law & arbitration shall survive the efflux of time and the termination of these Terms.
Severability: If any provision of these Terms is held illegal or unenforceable, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby. Any such provision held invalid, illegal or unenforceable shall be substituted by a provision of similar import reflecting the original intent of the parties to the extent permissible under Applicable Law.
In order to address any questions or grievances that you may have regarding the use of your “IAMIN WORLD” Account, please contact our Grievance Officer:
Name: Support team – IAMIN WORLD
E-mail id: email@example.com
Address: Miraya Wealth Advisors Pvt. Ltd., NB-3, Bldg. No.4, Sona Udyog Industrial
Premises, Parsi Panchayat Road, Andheri (E), Mumbai – 400 069
Website URL: https://iaminworld.com