Terms & Conditions

Last Updated : 30 March, 2024

1. Usage of Money 5050

Please read these Terms and Conditions (“Terms” or “Terms of Use” or “Terms and Conditions”) carefully before using the www.money5050.in and the Money 5050 mobile application, and any of its services, features, sub-pages (“Services” or “Money 5050” or “Money 5050 Platform”). By using this application or any service offered by us, you confirm that you have read the following terms and agree to be bound by them. Your access to and use of the website and mobile application is conditioned upon your acceptance of and compliance with the Terms herein laid out. These Terms apply to all visitors, users, influencers, affiliates and others who access or use the website or mobile application in any manner whatsoever.

(a) Any person/user accessing the Money 5050 for participating in the various plans or offers available across the Money 5050 Platform shall be bound by these Terms and Conditions, and all other rules, regulations and terms of use referred to herein or provided by Money 5050 in relation to any Money 5050 Services;

(b) Modifications—Money 5050 shall be entitled to modify these Terms and Conditions, rules, regulations and terms of use referred to herein or provided by Money 5050 in relation to any Money 5050 Services, at any time, by posting the same on Money 5050. Use of Money 5050 in any manner whatsoever constitutes the user’s acceptance of such Terms and Conditions, rules, regulations and terms of use referred to herein or provided by Money 5050 in relation to any Money 5050 Services, as may be amended from time to time. Money 5050 may, at its sole discretion, also notify the user of significant changes or modification in these Terms and Conditions, rules, regulations and terms of use referred to herein or provided by Money 5050, by posting notifications in the user accounts. The user may then exercise the options provided in such notification to indicate non-acceptance of the modified Terms and Conditions, rules, regulations and terms of use referred to herein or provided by Money 5050. If such options are not exercised by the user within the time frame prescribed in the email or notification, the user will be deemed to have accepted the modified Terms and Conditions, rules, regulations and terms of use referred to herein or provided by Money 5050;

(c) Money 5050 may, at its sole and absolute discretion:

  • Restrict, suspend, or terminate any user’s access to all or any part of Money 5050 or Money 5050 Platform;
  • Change, suspend, or discontinue all or any part of the services;
  • Reject, move, or remove any material that may be submitted by a user;
  • Move or remove any content that is available on Money 5050 Platform;
  • Deactivate or delete a user’s account and all related information and files on the account;
  • Establish general practices and limits concerning use of Money 5050 Platform; and
  • Assign its rights and liabilities to all user accounts hereunder to any entity (post intimation of such assignment shall be sent to all users by way of an in-app notification).

(d) In the event any user breaches, or Money 5050 reasonably believes that such user has breached these Terms and Conditions, or has illegally or improperly used Money 5050 or the Money 5050 services, Money 5050 may, at its sole and absolute discretion, and without any notice to the User, restrict, suspend or terminate such user’s access to all or any part of Money 5050 plans or the Money 5050 Platform, deactivate or delete the user’s account and all related information on the account, delete any content posted by the user on Money 5050 and further, take technical and legal steps as it deems necessary;

(e) Money 5050 works on detecting breaches to their policies and ensure that traffic comes from users only. We have a strict ‘one user, one PAN card’ policy. Money 5050 is extremely strict regarding it’s money policies and ensures that the platform is being used for the purpose of sales and promotions only and not as a platform to transfer funds across accounts or any illegal transactions;

(f) Users consent to receiving communications such as announcements, administrative messages and advertisements from Money 5050 or any of its users, influencers, affiliates, partners, licensors or associates.

2. User Conduct

(a) Users agree to abide by these Terms and Conditions and all other rules, regulations and terms of use of the Website and Money 5050 mobile application. In the event user does not abide by these Terms and Conditions and all other rules, regulations and terms of use, Money 5050 may, at its sole and absolute discretion, take necessary remedial action, including but not limited to:

  • Restricting, suspending, or terminating any user’s access to all or any part of Money 5050 Services;
  • deactivating or deleting a user’s account and all related information and files on the account. Any amount remaining unused in the user’s account on the date of deactivation or deletion shall be transferred to the user’s bank account on record with Money 5050 subject to a processing fee (if any) applicable on such transfers as set out herein; or

(b) Money 5050 cannot delete any user data even upon deleting their account since we have to maintain details of user’s subscribed plans and the money has been used.

(c) Users agree to provide true, accurate, current and complete information at the time of registration and at all other times (as required by Money 5050). Users further agree to update and keep updated their registration information;

(d) Users agree to ensure that they can receive all communication from Money 5050 by marking e-mails or sending SMS from Money 5050 as part of their “safe senders” list. Money 5050  shall not be held liable if any e-mail/SMS remains unread by a user as a result of such e-mail getting delivered to the user’s junk or spam folder;

(e) Any OTP issued by Money 5050 to a user may not be revealed to anyone else. Users may not use anyone else’s OTP/Password. Users are responsible for maintaining the confidentiality of their accounts and OTP/Passwords. Users agree to immediately notify Money 5050 of any unauthorized use of their accounts or any other breach of security;

(f) Users agree to exit/log-out of their accounts at the end of each session. Money 5050 shall not be responsible for any loss or damage that may result if the user fails to comply with these requirements;

(g) Users agree not to use cheats, exploits, automation, software, bots, hacks or any unauthorized third party software designed to modify or interfere with Money 5050 Services and/or Money 5050 experience or assist in such activity;

(h) Users agree that without Money 5050’s express written consent, they shall not modify or cause to be modified any files or software that are part of Money 5050’s Services;

(i) Users agree not to disrupt, overburden, or aid or assist in the disruption or overburdening of (i) any computer or server used to offer or support Money 5050 or the Money 5050 Services (“Server”); or (ii) the enjoyment of Money 5050 Services by any other user or person;

(j) Users agree not to institute, assist or become involved in any type of attack, including without limitation to distribution of a virus, denial of service, or other attempts to disrupt Money 5050 Services or any other person’s use or enjoyment of Money 5050 Services;

(k) Users shall not attempt to gain unauthorized access to the user accounts, servers or networks connected to Money 5050 Services by any means other than the user interface provided by Money 5050, including but not limited to, by circumventing or modifying, attempting to circumvent or modify, or encouraging or assisting any other person to circumvent or modify, any security, technology, device, or software that underlies or is part of Money 5050 Services;

(l) Without limiting the foregoing, users agree not to use Money 5050 for any of the following:

  • To engage in any obscene, offensive, indecent, racial, communal, anti-national, objectionable, defamatory or abusive action or communication;
  • To harass, stalk, threaten, or otherwise violate any legal rights of other individuals;
  • To publish, post, upload, e-mail, distribute, or disseminate (collectively referred to as “Transmit”) any inappropriate, profane, defamatory, infringing, obscene, indecent, or unlawful content;
  • To Transmit files that contain viruses, corrupted files, or any other similar software or programs that may damage or adversely affect the operation of another person’s computer, Money 5050, any software, hardware, or telecommunications equipment;
  • To advertise, offer or sell any goods or services for any commercial purpose on Money 5050 without the express written consent of Money 5050;
  • To transmit content regarding services, products, surveys, contests, pyramid schemes, spam, unsolicited advertising or promotional materials, or chain letters;
  • To download any file, recompile or disassemble or otherwise affect our products that you know or reasonably should know cannot be legally obtained in such manner;
  • To falsify or delete any author attributions, legal or other proper notices or proprietary designations or labels of the origin or the source of software or other material;
  • To restrict or inhibit any other user from using and enjoying any public area within our sites;
  • To collect or store personal information about other users;
  • To interfere with or disrupt Money 5050, servers, or networks;
  • To impersonate any person or entity, including, but not limited to, a representative of Money 5050, or falsely state or otherwise misrepresent user’s affiliation with a person or entity;
  • To forge headers or manipulate identifiers or other data in order to disguise the origin of any content transmitted through Money 5050 or to manipulate user’s presence on Money 5050(s);
  • To take any action that imposes an unreasonably or disproportionately large load on our infrastructure; and

(m) If a user chooses a username that, in Money 5050’s considered opinion is obscene, indecent, abusive or that might subject Money 5050 to public disparagement or scorn, Money 5050 reserves the right, without prior notice to the user, to change such username and intimate the user or delete such username and posts from Money 5050, deny such user access to Money 5050, or any combination of these options;

(n) Unauthorized access to Money 5050 is a breach of these Terms and Conditions, and a violation of the law. Users agree not to access Money 5050 by any means other than through the interface that is provided by Money 5050 for use in accessing Money 5050. Users agree not to use any automated means, including, without limitation, agents, robots, scripts, or spiders, to access, monitor, or copy any part of our sites, except those automated means that we have approved in advance and in writing.

(o) Use of Money 5050 is subject to existing laws and legal processes. Nothing contained in these Terms and Conditions shall limit Money 5050’s right to comply with governmental, court, and law-enforcement requests or requirements relating to users’ use of Money 5050;

(p) Persons below the age of eighteen (18) years are not allowed to participate on any of the activities (by whatever name called) on the Money 5050 Platform. 

 

3. Registration

In order to be able to register on Money 5050, the participants are required to confirm the following:

  • Full name
  • Mobile Number
  • E-mail ID
  • You have read and agreed to our terms & conditions.

4. Eligibility

(a) The plans are open only to persons above the age of 18 years;

(b) The plans are open only to persons currently residing in India;

(c) Persons who wish to participate must have a valid phone number, email ID, PAN card and valid bank account details.

(e) Only those participants who have successfully registered on the Money 5050 in accordance with the procedure outlined above shall be eligible to subscribe plans.

5. Money 5050 Plans and Services

We offers our digital products and services within 4 main categories:
  • E-Books – Instant Download
  • Kids Books – Instant Download
  • Digital Courses – Instant Download
  • Printable Items – Instant Download
Promotional Offers
  • Influencers Program – We offers our Influencers Program to share our profits with our users, influencers and partners.  
  • Referral Program – We also offers our Referral program. You can refer your friends and earn Rs.100/- on each referral.  

6. Referral/Bonus Program

  • Referral Program – We offers our Referral program. You can refer your friends and earn Rs.100/- on each referral.  
  • We reserves the right to change the Referral/Bonus program structure at any point in time while the program is active. We reserves the right to discontinue the Referral/Bonus program and will not be liable to pay out the bonus after that.
  • If your account is deactivated or suspended due to any reasons, we will not be liable to payout the referral bonus from that point onwards.
  • More information regarding the bonus/referral program please is available on Money 5050 mobile app.

7. Payment Terms

In respect of any transactions entered into on the Money 5050 Platform, including making a payment to subscribe or participation in any plan, users agree to be bound by the following payment terms:

  • We don’t charge any registration or subscription fee on this platform. We charge only when you earn and withdraw your funds. So Please note that 20% service charges/platform fees shall be applied on your every withdrawal amount. (Inclusive all taxes and bank processing fees).
  • This 20% service charges/platform fees shall be deducted from your total withdrawal amount at the point of withdrawal submission. For example, if you earn ₹1000 in a plan, you will get ₹800 rupees (80%profit) of your earned amount. (After deduction of 20% service charges/platform fees (Inclusive all taxes).
  • The payment of pre-designated amount users make to participate in the plan is inclusive of the pre-designated platform fee for access to the Money 5050 Services;
  • The Money 5050 reserves the right to charge a Platform Fee/Service Charges. User has to pay service charges on payout amount.
  • A fixed service charge of 20% shall be apply on income amount and will be charged as Platform Fee/Service Charges, which would be specified and notified by Money 5050. The Platform Fee/Service Charges (inclusive of applicable tax thereon) will be debited from the user’s account balance and Money 5050 shall notify for such debit to the user’s account; 
  • The Money 5050 reserves the right to change or modify a Platform Fee/Service Charges, which would be specified and notified by Money 5050 on app and Terms and Conditions.
  • Withdrawal of any amount standing to the user’s account or wallet may be made by way of a request to Money 5050.
  • Money 5050 bears the bank processing fee for the amount being withdrawn by the user.
  • Users agree that once they confirm a transaction on Money 5050, they shall be bound by and make payment for that transaction;
  • The user acknowledges that subject to time taken for bank reconciliations and such other external dependencies that Money 5050 has on third parties, any transactions on Money 5050 Platform may take up to 48 hours to be processed. Users agree not to raise any complaint or claim against Money 5050 in respect of any delay, including any lost opportunity to join any other plan due to delay in crediting of transaction amount into any of the user’s accounts.
  • A transaction, once confirmed, is final and no cancellation is permissible. Money 5050 may, in certain exceptional circumstances and at its sole and absolute discretion, refund the amount to the user after deducting applicable cancellation charges and taxes. At the time of the transaction, users may also be required to take note of certain additional terms and conditions and such additional terms and conditions shall also govern the transaction. To the extent that the additional terms and conditions contain any clause that is conflicting with the present terms and conditions, the additional terms and conditions shall prevail.

8. General Conditions

If it comes to the notice of Money 5050 that any governmental, statutory or regulatory compliances or approvals are required for conducting any plans or conduct of any such plan is prohibited, then Money 5050 shall withdraw and/or cancel such plans without prior notice to any participants. Users agree not to make any claim in respect of such cancellation or withdrawal of the plans, in any manner.

9. User’s Responsibility

  • By accepting “I Confirm/Accept” you as a user has become responsible for the terms and conditions mentioned therein.
  • User are limited to one account per person. One phone number per one account. The use of multiple wagering accounts is considered cheating.
  • User understands that hacking the Money 5050 Application through computer software or other means is disallowed and that we will carry legal action under Section 43 and section 66 of the IT Act cover the civil and criminal offenses of data theft or hacking respectively.
  • Attempt to hack the application will be considered as illegal and we will take legal action against the accused.

10. Intellectual Property

(a) Money 5050 includes a combination of content created by Money 5050. The intellectual property rights (“Intellectual Property Rights”) in all the software underlying Money 5050 and the Money 5050 Platform and material published on Money 5050, including (but not limited to) plans, activities, software, advertisements, written content, photographs, graphics, images, illustrations, marks, logos and flash animation, are owned by Money 5050. Users may not modify, publish, transmit, participate in the transfer or sale of, reproduce, create derivative works of, distribute, publicly perform, publicly display, or in any way exploit any of the materials or content on Money 5050 either in whole or in part without express written permission of Money 5050;

(b) Users are solely responsible for all materials (whether publicly posted or privately transmitted) that they upload, post, transmit, or otherwise make available on Money 5050. Each user represents and warrants that he/she owns all Intellectual Property Rights in the user’s Content and that no part of the user’s content infringes any third-party rights. Users further confirm and undertakes not to display or use the names, logos, marks, labels, trademarks, copyrights or intellectual and proprietary rights of any third party on Money 5050;

(c) Users agree to indemnify and hold harmless Money 5050, its directors, employees, affiliates and assigns against all costs, damages, loss and harm including towards litigation costs and counsel fees, in respect of any third-party claims that may be initiated including for infringement of Intellectual Property Rights arising out of such display or use of the names, logos, marks, labels, trademarks, copyrights or intellectual and proprietary rights on Money 5050, by such User or through the user’s commissions or omissions;

(d) Users hereby grant to Money 5050 and its users, influencers, affiliates, partners, licensors and associates a irrevocable, royalty-free, non-exclusive, sub-licensable license to use, reproduce, create derivative works of, distribute, publicly perform, publicly display, transfer, transmit, and/or publish users’ content for any of the following purposes:

  • displaying users’ content on Money 5050;
  • distributing users’ Content, either electronically or via other media, to other users seeking to download or otherwise acquire it; and
  • storing users’ content in a remote database accessible by end users, for a charge.

This license shall apply to the distribution and the storage of users’ content in any form, medium, or technology;

(e) All names, logos, marks, labels, trademarks, copyrights or intellectual and proprietary rights on Money 5050(s) belonging to any person (including User), entity or third party are recognized as proprietary to the respective owners and any claims, controversy or issues against these names, logos, marks, labels, trademarks, copyrights or intellectual and proprietary rights must be directly addressed to the respective parties under notice to Money 5050.

11. Limitations of Liability

  • You agree to take reasonable precautions in using any Money 5050 services. We makes Money 5050 available “as is” and “as available” basis. 
  • Users shall access the Money 5050 services provided on Money 5050 voluntarily and at their own risk. Money 5050  shall, under no circumstances be held responsible or liable on account of any loss or damage sustained (including but not limited to any accident, injury, death, emotional distress, loss of property, and/or any other damages resulting from any service.) by users or any other person or entity during the course of access to the Money 5050  Services;
  • In no event shall Money 5050 be liable for any damages whatsoever, whether direct, indirect, general, special, exemplary, compensatory, consequential, and/or incidental, arising out of or relating to the conduct of you or anyone else in connection with the use of the service.
  • Money 5050 accepts no liability, whether jointly or severally, for any errors or omissions, whether on behalf of itself or third parties.
  • Users shall be solely responsible for any consequences which may arise due to their access of Money 5050 Services by conducting an illegal act or due to non-conformity with these Terms and Conditions and other rules and regulations in relation to Money 5050 Services, including provision of incorrect address or other personal details. Users also undertake to indemnify Money 5050 and their respective officers, directors, employees and agents on the happening of such an event (including without limitation cost of attorney, legal charges etc.) on full indemnity basis for any loss/damage suffered by Money 5050  on account of such act on the part of the users;
  • Users shall indemnify, defend, and hold Money 5050 harmless from any third party/entity/organization claims arising from or related to such user’s engagement with the Money 5050. In no event shall Money 5050 be liable to any user for acts or omissions arising out of or related to user’s engagement with the Money 5050.
  • In consideration of Money 5050 allowing users to access the Money 5050 Services, to the maximum extent permitted by law, the users waive and release each and every right or claim, all actions, causes of actions (present or future) each of them has or may have against Money 5050, its respective agents, directors, officers, business associates, group companies, sponsors, employees, or representatives for all and any injuries, accidents, or mishaps (whether known or unknown) or (whether anticipated or unanticipated) arising out of the provision of Money 5050 Services.

12. Third Party Sites and Services

(a) Money 5050 may contain links to other internet sites owned and operated by third parties. Users’ use of each of those sites is subject to the conditions, if any, posted by the sites. Money 5050 does not exercise control over any internet sites apart from Money 5050 and cannot be held responsible for any content residing in any third-party Internet site. Money 5050’s inclusion of third-party content or links to third-party Internet sites is not an endorsement by Money 5050 of such third-party internet site;

(b) Users’ correspondence, transactions or related activities with third parties, including payment providers and verification service providers, are solely between the user and that third party. Users’ correspondence, transactions and usage of the services of such third party shall be subject to the terms and conditions, policies and other service terms adopted/implemented by such third party, and the user shall be solely responsible for reviewing the same prior to transacting or availing of the services of such third party. User agrees that Money 5050 will not be responsible or liable for any loss or damage of any sort incurred as a result of any such transactions with third parties. Any questions, complaints, or claims related to any third-party product or service should be directed to the appropriate vendor; and

(c) Money 5050 contains content that is created by Money 5050 as well as content provided by third parties. Money 5050 does not guarantee the accuracy, integrity, quality of the content provided by third parties and such content may not relied upon by the users in utilizing the Money 5050 Services provided on Money 5050 including while participating in any of the contests hosted on Money 5050.

13. Reviews, Feedbacks, Ratings and Submissions

  • You grant us ownership rights over the ratings, feedbacks, reviews, comments, ideas, suggestions or any other submissions (collectively called “Submissions”) posted or given by you under any listing or section of Money 5050 website or across the Platform. We shall be and remain the owner of such submissions and have exclusive rights, without any limitation or obligation, to use or reuse such submissions for any commercial, non-commercial or any other use. We are also entitled to modify, delete, reproduce, publish, distribute or create derivative work out of any kind of submissions done by its users;
  • However, we shall not be responsible for any infringements of terms of use, copyrights, trademarks, privacy, etc. We shall be under no obligation to protect, maintain privacy, respond or compensate for any submissions made by its users. We cannot be held responsible for any abusive, offensive, indecent, threatening, unlawful, obscene submissions done by its users.

14. Privacy Policy

All information collected from users, such as registration and financial information, is subject to Money 5050 ‘s Privacy Policy which is available at Privacy Policy

15. Miscellaneous

  • Money 5050  may be required under certain legislations, to notify user(s) of certain events. User(s) hereby acknowledge and consent that such notices will be effective upon Money 5050 posting them on the Money 5050 or delivering them to the user through the email address provided by the user at the time of registration. If they do not provide Money 5050 with accurate information, Money 5050 cannot be held liable for failure to notify the user;
  • Money 5050 shall not be liable for any delay or failure to perform resulting from causes outside its reasonable control, including but not limited to any failure to perform due to unforeseen circumstances or cause beyond Money 5050 ‘s control such as acts of God, war, terrorism, riots, embargoes, acts of civil or military authorities, fire, floods, accidents, network infrastructure failures, strikes, or shortages of transportation facilities, fuel, energy, labor or materials. In such circumstances, Money 5050 shall also be entitled to cancel any related service and to process an appropriate refund for all participants;
  • Money 5050’s failure to exercise or enforce any right or provision of these Terms and Conditions shall not constitute a waiver of such right or provision;
  • Users agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of the Money 5050 or these Terms must be filed within thirty (30) days of such claim or cause of action arising or be forever barred;
  • Money 5050 may, at its sole and absolute discretion, permanently close or temporarily suspend any Money 5050 Services.

16. Dispute and Dispute Resolution

  • The courts of competent jurisdiction at Ghaziabad or Delhi NCR shall have exclusive jurisdiction to determine any and all disputes arising out of, or in connection with, the Money 5050 Services provided by Money 5050 plans, the construction, validity, interpretation and enforceability of these Terms and Conditions, or the rights and obligations of the user(s) (including Participants) or Money 5050, as well as the exclusive jurisdiction to grant interim or preliminary relief in case of any dispute referred to arbitration as given below. All such issues and questions shall be governed and construed in accordance with the laws of the Republic of India;
  • In the event of any legal dispute (which may be a legal issue or question) which may arise, the party raising the dispute shall provide a written notification (“Notification”) to the other party. On receipt of Notification, the parties shall first try to resolve the dispute amicably through discussions. In the event that the parties are unable to resolve the dispute within thirty (30) days of receipt of notification, the dispute shall be settled by arbitration;
  • The place of arbitration shall be Ghaziabad or Delhi NCR, India. All arbitration proceedings shall be conducted in english or hindi and in accordance with the provisions of the Arbitration and Conciliation Act, 1996, as amended from time to time;
  • The arbitration award will be final and binding on the parties, and each party will bear its own costs of arbitration and equally share the fees of the arbitrator unless the arbitral tribunal decides otherwise. The arbitrator shall be entitled to pass interim orders and awards, including the orders for specific performance and such orders would been forceable in competent courts. The arbitrator shall give a reasoned award; and
  • Nothing contained in these Terms and Conditions shall prevent Money 5050 from seeking and obtaining interim or permanent equitable or injunctive relief, or any other relief available to safeguard Money 5050’s interest prior to, during or following the filing of arbitration proceedings or pending the execution of a decision or award in connection with any arbitration proceedings from any court having jurisdiction to grant the same. The pursuit of equitable or injunctive relief shall not constitute a waiver on the part of Money 5050 to pursue any remedy for monetary damages through the arbitration described herein.

17. Disclaimers

  • To the extent permitted under law, neither Money 5050 nor its parent/holding firm, subsidiaries, affiliates, directors, officers, professional advisors, employees shall be responsible for the deletion, the failure to store, the mis-delivery, or the untimely delivery of any information or material;
  • To the extent permitted under law, Money 5050 shall not be responsible for any harm resulting from downloading or accessing any information or material, the quality of servers, Money 5050 services or sites. Money 5050 disclaims any responsibility for, and if a user pays for access to one of Money 5050 ‘s Services the user will not be entitled to a refund as a result of, any inaccessibility that is caused by Money 5050’s maintenance on the servers or the technology that underlies our sites, failures of Money 5050’s service providers (including telecommunications, hosting, and power providers), computer viruses, natural disasters or other destruction or damage of our facilities, acts of nature, war, civil disturbance, or any other cause beyond our reasonable control. In addition, Money 5050 does not provide any warranty as to the content on the Money 5050(s). Money 5050(s) content is distributed on an “as is, as available” basis;
  • Any material accessed, downloaded or otherwise obtained through Money 5050 is done at the user’s discretion, competence, acceptance and risk, and the user will be solely responsible for any potential damage to user’s computer system or loss of data that results from a user’s download of any such material;
  • Any material accessed, downloaded or otherwise obtained through Money 5050 is done at the user’s discretion, competence, acceptance and risk, and the user will be solely responsible for any potential damage to user’s computer or mobile system or loss of data that results from a user’s download of any such material;
  • the Money 5050 (s) will meet users’ requirements,
  • Money 5050 (s) will be uninterrupted, timely, secure, or error free
  • the results that may be obtained from the use of Money 5050 (s) will be accurate or reliable; and
  • the quality of any products, Money 5050 Services, information, or other material that users obtain through Money 5050 com(s) will meet users’ expectations.
  • In case Money 5050  discovers any error, including any error in the determination of income or in the transfer of amounts to a user’s account, Money 5050 reserves the right (exercisable at its discretion) to rectify the error in such manner as it deems fit, including through a set-off of the erroneous payment from amounts due to the user or deduction from the user’s account of the amount of erroneous payment. In case of exercise of remedies in accordance with this clause, Money 5050  agrees to notify the user of the error and of the exercise of the remedy to rectify the same;
  • Any Money 5050 services being hosted or provided, or intended to be hosted on Money 5050 Platform and requiring specific permission or authority from any statutory authority or any state or the central government, or the board of directors shall be deemed cancelled or terminated, if such permission or authority is either not obtained or denied either before or after the availability of the relevant Money 5050 services are hosted or provided; and
  • To the extent permitted under law, in the event of suspension or closure of any plan, services, events or contests, users (including Participants) shall not be entitled to make any demands, claims, on any nature whatsoever.

YOU ASSUME ALL RESPONSIBILITY AND RISK WITH RESPECT TO YOUR USE OF THE MONEY 5050 APP. THE APP IS AVAILABLE “AS IS,” AND “AS AVAILABLE”. YOU UNDERSTAND AND AGREE THAT, TO THE FULLEST EXTENT PERMITTED BY LAW, WE DISCLAIM ALL WARRANTIES, REPRESENTATIONS AND ENDORSEMENTS, EXPRESS OR IMPLIED, WITH REGARD TO THE SITE, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF TITLE, MERCHANTABILITY, NON-INFRINGEMENT, AND FITNESS FOR A PARTICULAR PURPOSE. WE DO NOT WARRANT USE OF THE SITE WILL BE UNINTERRUPTED OR ERROR-FREE OR THAT ERRORS WILL BE DETECTED OR CORRECTED. WE DO NOT ASSUME ANY LIABILITY OR RESPONSIBILITY FOR ANY COMPUTER VIRUSES, BUGS, MALICIOUS CODE OR OTHER HARMFUL COMPONENTS, DELAYS, INACCURACIES, ERRORS OR OMISSIONS, OR THE ACCURACY, COMPLETENESS, RELIABILITY OR USEFULNESS OF THE INFORMATION DISCLOSED OR ACCESSED THROUGH THE APP. WE HAVE NO DUTY TO UPDATE OR MODIFY THE APP AND WE ARE NOT LIABLE FOR OUR FAILURE TO DO SO. IN NO EVENT, UNDER NO LEGAL OR EQUITABLE THEORY (WHETHER TORT, CONTRACT, STRICT LIABILITY OR OTHERWISE), SHALL WE OR ANY OF OUR RESPECTIVE EMPLOYEES, DIRECTORS, OFFICERS, AGENTS OR AFFILIATES, BE LIABLE HEREUNDER OR OTHERWISE FOR ANY LOSS OR DAMAGE OF ANY KIND, DIRECT OR INDIRECT, IN CONNECTION WITH OR ARISING FROM THE APP, THE USE OF THE APP OR OUR AGREEMENT WITH YOU CONCERNING THE APP, INCLUDING, BUT NOT LIMITED TO, COMPENSATORY, DIRECT, CONSEQUENTIAL, INCIDENTAL, INDIRECT, SPECIAL OR PUNITIVE DAMAGES, LOST ANTICIPATED PROFITS, LOSS OF GOODWILL, LOSS OF DATA, BUSINESS INTERRUPTION, ACCURACY OF RESULTS, OR COMPUTER FAILURE OR MALFUNCTION, EVEN IF WE HAVE BEEN ADVISED OF OR SHOULD HAVE KNOWN OF THE POSSIBILITY OF SUCH DAMAGES. IF WE ARE HELD LIABLE TO YOU IN A COURT OF COMPETENT JURISDICTION FOR ANY REASON, IN NO EVENT WILL WE BE LIABLE FOR ANY DAMAGES IN EXCESS OF Rs. 5,000/- (RUPEES FIVE THOUSAND ONLY). SOME JURISDICTIONS DO NOT ALLOW THE LIMITATION OR EXCLUSION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES SO THE ABOVE LIMITATION OR EXCLUSION MAY NOT APPLY TO YOU. IF ANY LIMITATION ON REMEDIES, DAMAGES OR LIABILITY IS PROHIBITED OR RESTRICTED BY LAW, WE SHALL REMAIN ENTITLED TO THE MAXIMUM DISCLAIMERS AND LIMITATIONS AVAILABLE UNDER THIS AGREEMENT, AT LAW AND/OR IN EQUITY.

BY USING THE MONEY 5050 SERVICES, YOU AGREE TO BE BOUND BY ALL OF THE TERMS AND CONDITIONS OF THIS AGREEMENT.