Program - digiSavings customers (“Customers”) can earn ₹250 for each ‘Successful Invitation’ to their friends and families (“Friend/s”), who do not bank with digibank and spend ₹2,000 within 45 days of opening the digiSavings account.
All Friends of such Customers will be eligible for a cashback of ₹250 on transacting minimum of ₹2,000 or more with their physical digibank Debit Card within first 45 days of opening the digiSavings account.
Program Period – 12th July, 2019 to 31st December, 2019 (both days inclusive).
Successful Invitation means (a) sharing of personalised invitation link by Customer with Friends (b) opening of digiSavings account by the Friend, by installing the digibank app through the same personalised link shared by the Customer during the Program Period and within 15 days of installing the digibank app (c) the Friend spending ₹2,000 using physical digibank Debit Card within 45 days of opening the digiSavings account.
Cashback Offer for Friends
Friends need to open digiSavings account within 15 days of installing the app through the personalised invitation link received and spend ₹2,000 or more using physical digibank debit card on POS/e-POS, in single or multiple transactions, within 45 days of opening the digiSavings account, to avail the cashback offer.
Excluded Transactions for ₹250 cashback: Debit Card transactions for funding prepaid payment instruments, funding a digibank account (wallet or savings) using digibank Debit card, cash withdrawals at ATMs or DBS Bank branches, void transactions, reversal or refund on POS or e-POS transaction, tax payments or mutual fund purchase will not be considered as a spend under this Program.
Only select digiSavings Customers, who have received their personalised invitation link are eligible for this Program.
For ₹250 credit - Customers will be required to share their personalised invitation link with their friends during the digibank Invite & Earn Program Period. Customer’s Friend/s should have opened the digiSavings account within 15 days of installing the digibank app and performed transaction of minimum ₹2,000 using physical digibank debit card. The digibank app should be installed only through the personalised invitation link shared by the Customer.
For ₹250 cashback - Friends need to open digiSavings account within 15 days of installing the digibank app through the personalised invitation link. Friends also need to spend ₹2,000 or more using physical digibank debit card in single or multiple transactions within 45 days of opening the digiSavings account.
Other Terms & Conditions
If your Friend/s do not open digiSavings account within 15 days of installing the digibank app through the personalised invitation link, the Customer & the Friend will not be eligible for any cashback.
DBS Bank India Limited reserves the right to debit your account at its sole discretion in case credits/cashback posted in a Customer’s digiSavings account exceed 20 (twenty) number of Successful Invitations per calendar month. The Customer authorizes DBS Bank India Limited, it associates, subsidiaries and affiliates to contact him/her.
The Customer declares that due consent has been obtained from the Friend, to provide his/her contact details to DBS Bank India Limited to contact the Friend to offer its range of banking services and products. The Customer agrees and undertakes that s/he shall be responsible to DBS Bank India Limited, it associates, subsidiaries and affiliates for any losses or claims that may be occasioned upon DBS Bank India Limited, in the event that such declaration or undertaking is found to be untrue.
As part of the Program, the Friend acknowledges, understands and agrees that when he/she receives the money transferred by the Customer, the Customer will know that the Friend has an account with DBS Bank India Limited. If the Friend desires to avoid disclosing this personal information, the Friend may choose to apply independently and not respond to this Program. Likewise, by sharing personalised invitation link with Friends, the Customer acknowledges, understands and agrees that the Friend will know that the Customer stands a chance to get ₹250 for Successful Invitation. If the Customer does not desire to disclose this information, he/she should not participate in this Program.
₹250 will be credited in Customer’s account for every Successful Invitation, within 15 working days of the successful verification (by means of biometric authentication) by your Friend during the Program Period and your Friend spending ₹2,000 using physical digibank debit card within 45 days of opening the account.
Friend should not be an existing digibank account holder.
If two different Customers share their personalised invitation link with a same Friend, the person whose personalised invitation link was used to install the digibank app first, will be considered for a Successful Invitation.
Opening of digibank account is subject to internal policies of DBS Bank India Limited.
Cashback of ₹250 will be credited in the account of the eligible Friend/s within 15 working days from the date of completion of ₹2,000 transaction through POS/ ePOS using physical digibank debit card. Tax liability arising from the Program, if any, will be solely borne by the Customer/Friend. DBS Bank India Limited will have the right to deduct TDS, if applicable, as per existing regulations.
Account closed and opened under same Aadhaar and PAN will not be considered for additional pay-outs.
The participation in the Program is voluntary and by participating in the Program, you are deemed to have read, understood and accepted these Terms and Conditions.
Customer will not be eligible for credit of ₹250, if the Friend changes the mobile number within 45 days of successful verification (by means of biometric authentication). Your Friend/s will not be eligible for cashback of ₹250, if he / she changes the mobile number within 45 days of successful verification (by means of biometric authentication).
DBS reserves the right to and may, at any time, without previous notice and from time to time, modify/withdraw/suspend this Program, with or without any reason.
This Program will be governed by the laws of India and subject to courts in Mumbai.