Terms & Conditions

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Terms & Conditions – Rajmoney

1. Company Identity & Legal Nature

RAJMONEY is a digital platform owned and operated by Rajmoney Private Limited, a private company incorporated under the Companies Act, 2013 and registered with the Ministry of Corporate Affairs, Government of India. The Company operates a closed-user, cashless, self-funded digital platform and does not undertake any activity that constitutes regulated financial business or triggers the applicability of Section 45-IA of the RBI Act, 1934. No public deposits, investments, or fund mobilisation are undertaken.

2. Nature of Financial Assistance (DEA)

All financial assistance provided through the Platform is contractually classified as “Development Empowerment Advances (DEA)”.

For avoidance of doubt:

  • The term loan is used only for user comprehension
  • DEA is a private, fully repayable civil obligation
  • DEA is not a deposit, investment, security, or public credit
  • Each DEA is governed exclusively by a separate written electronic agreement

3. Acceptance & Binding Effect

By accessing or using the Platform, the User:

  • Enters into a binding electronic contract under the IT Act, 2000
  • Confirms voluntary, informed and unconditional acceptance
  • Waives all claims of inducement, misrepresentation or misunderstanding

4. Eligibility & Account Responsibility

Users must be legally competent and at least 21 years of age. All information provided must be accurate and complete.

The User is solely responsible for:

  • Account activity
  • Credentials
  • Submissions and representations

Company system records shall be final and conclusive evidence.

5. Platform Access & Restrictions

Access is personal, non-transferable and revocable. Unauthorized use, false information, misuse or unlawful activity shall result in suspension or termination without notice.

6. Privacy & Data Processing

Personal data is processed for:

  • Contract execution
  • Recovery and enforcement
  • Fraud prevention
  • Legal and statutory compliance

Data may be retained notwithstanding account closure, as permitted by law.

7. Monitoring & Disclosure

The Company may monitor, record, preserve and disclose user data to courts, regulators or law-enforcement authorities for enforcement of rights or legal compliance.

8. DEA Clarification & Third Parties

Where DEA is provided directly, it is governed solely by the DEA agreement. Where third-party facilitation exists, the Company’s role is limited to technology or processing, with no repayment liability.

9. Limitation of Liability

To the maximum extent permitted by law:

  • No liability for indirect or consequential damages
  • Aggregate liability, if any, limited to the amount actually received for the specific service

All services are provided “as is” and “as available”, without warranties.

10. Indemnity

The User shall fully indemnify and hold harmless the Company from all claims, losses, proceedings (civil or criminal), costs and expenses arising from:

  • Breach of Terms
  • Non-repayment
  • False information
  • Legal action initiated by the User or third parties

This obligation survives termination.

11. Recovery, Enforcement & Evidence

The Company retains absolute rights of recovery using all lawful civil, contractual and statutory remedies.

The Company retains absolute rights of recovery using all lawful civil, contractual and statutory remedies.

12. Account Closure & NOC

DEA is closed only upon full discharge of all dues. NOC, if issued, shall be digital, conditional and revocable in case of error, concealment or outstanding dues.

13. Agent Disclaimer & Fair Conduct

Unauthorized acts or promises by agents are not binding. The Company does not authorise harassment or coercion and disowns unsupported allegations.

14. Governing Law & Jurisdiction

These Terms are governed exclusively by Indian law. Courts at Jaipur, Rajasthan shall have exclusive jurisdiction.

15. No Class Action & Burden of Proof

  • Only individual claims are maintainable
  • The burden of proof lies solely on the User
  • Company actions are presumed lawful unless conclusively disproved

16. Costs & Legal Expenses

Legal, recovery and enforcement costs may be recovered from the User, as permitted by law.

17. Statutory Alignment

These Terms are aligned with:

  • Companies Act, 2013
  • Indian Contract Act, 1872
  • Information Technology Act, 2000
  • Consumer Protection Act, 2019
  • Digital Personal Data Protection Act, 2023

Nothing herein waives non-derogable statutory rights.

18. Final Declaration

The User confirms that:

  • No representation of being a bank or regulated financial institution was made
  • The transaction is entered voluntarily with full understanding
  • No future claim shall be raised on grounds of hardship, equity or non-understanding

19. Grievance Redressal

Grievance Officer: Rajendra Kumar

Company: Rajmoney Private Limited (RAJMONEY)