Terms and Conditions

1. Program – All Salary Active customers whose salary gets credited in the digiSavings account (“Salary Active”) can earn ₹ 250 when they transfer minimum of  ₹ 1 through Mobile Transfer* to their colleagues (“Colleague/s”) who is/ are non-existing  digisavings customer, provided that Colleague/s open the digisavings account using promo code "SALARY" or "BBSALARY" by clicking on the ‘Download link’ in the SMS linked to the aforesaid ‘Mobile Transfer’ during the Program Period & complete the physical biometric authentication, within 15 days of receiving the money and spend ₹5,000 using physical digibank debit card within 30 days of opening the digisavings account. Only Salary Active* customers are eligible for this program.
   
   "Salary Active" means customers who are currently receiving salary credits in their digiSavings account from the bank account of a DBS empaneled corporate as part of corporate salary program.
   
   "Mobile Transfer" means a fund transfer to Colleague/s by Salary Active customers using ‘TRANSFER TO’ > ‘ADD NEW PAYEE’ > ‘PAY TO MOBILE’ option in digibank app from digisavings account.
2. All Colleague/s will be eligible for a cash back of  ₹250 on spending ₹5,000 in one or multiple transactions using their physical digibank debit card within 30 days of opening their digiSavings account using promo code “SALARY” or “BBSALARY”.
3. Salary Active customers and Colleague/s are also eligible for an additional cashback of ₹250 if both Salary Active customers & Colleague/s salary (min of ₹25,000) gets credited in the respective digiSavings account within 30 days of opening the digiSavings account using promo code “SALARY” or “BBSALARY”.
4. Program Period – 12^th January, 2020 to 31^st March, 2020 (both days inclusive).
5. Eligibility:
   1. Only Salary Active customers and Colleague/s whose salary is credited in their digiSavings account are eligible for this Program.
   2. Salary Active customers will be required to make a Mobile Transfer of minimum. ₹1 during the Program Period from their digisavings account.
6. Salary Active customers shall be eligible for ₹250 if Colleague/s open the digisavings account using promo code "SALARY" or "BBSALARY" within 15 days of the Mobile Transfer and spend ₹5,000 using physical digibank debit card within 30 days of opening the account.
7. Colleague/s will be eligible for a cash back of ₹250 on spending ₹5,000 in one or multiple transactions using their physical digibank debit card within 30 days of opening their digiSavings account.
8. Salary Active customers and Colleague/s are also eligible for an additional cashback of ₹ 250 if both Salary Active customers & Colleague/s salary (min of ₹25,000) get credited in the respective digiSavings account within 30 days of opening the digiSavings account.
9. Terms & Conditions:
   1. If your Colleague/s do not open digiSavings account within 15 days of receiving the SMS with download link, the money transferred by the Salary Active customers using Mobile Transfers will be reversed and funds will be credited to the Salary Active customer’s digisavings account.
   2. DBS Bank India Limited reserves the right to recall the cashback amount from your account at its sole discretion in case credits/cashback posted exceed 20 (twenty) number of eligible Mobile Transfers per calendar month. The Salary Active customer authorizes DBS Bank India Limited, it associates, subsidiaries and affiliates (“DBS”) to contact him/her.
   3. Debit Card transactions for funding prepaid payment instruments, funding a digibank (wallet or savings account) using digibank Debit card, cash withdrawals at ATMs or DBS branches, void transactions, reversal or refund on POS or ePOS transaction, tax payments or mutual fund purchase will not be considered as a spend under this Program.
   4. The Salary Active customer declares that due consent has been obtained from the Colleague, to provide his/her contact details to DBS to contact the Colleague to offer its range of banking services and products. The Salary Active customer agrees and undertakes that s/he shall be responsible to DBS, for any losses or claims that may be occasioned upon DBS, in the event that such declaration or undertaking is found to be untrue.
   5. As part of the Program, the Colleague acknowledges, understands and agrees that when he/she receives the money transferred by the Salary Active customers, the Salary Active customers will know that the Colleague will open the digisavings account with DBS . If the Colleague desires to avoid disclosing this personal information, the Colleague may choose to apply independently and not respond to this Program. Likewise, by transferring funds to the Colleague, the Salary Active customers acknowledges, understands and agrees that the Colleague will know that the Salary Active customers stands a chance to get ₹250 for eligible Mobile Transfer. If the Customer does not desire to disclose this information, he/she should not participate in this Program.
   6. Colleague should not be an existing digisavings account holder.
   7. If two different Salary Active customers register a same Colleague, the one who sent the first Mobile Transfer to the same Colleague, will be considered as an eligible Mobile Transfer.
   8. Opening of digisavings account is subject to internal policies of DBS.
   9. ₹250 cashback will be credited in Salary Active customers account for every eligible Mobile Transfer, within 15 working days of the successful verification (by means of biometric authentication) by your Colleague during the Program Period and your Colleague spending ₹5,000 using physical digibank debit card within 30 days of opening the account. Additional cashback of ₹250 will be credited in the Salary Active customer’s account, if both Salary Active customers & Colleague salary (minimum ₹25,000) credited in their respective digisavings account within 30 days of opening the digiSavings account by Colleague’s.
   10. Cashback of ₹250 will be credited in the account of the eligible Colleague/s within 15 working days from the date of completion of ₹5,000 transaction through POS/ ePOS using physical digibank debit card. Additional cashback of ₹250 will be credited in the Colleague’s account, if both Customer & Colleague credits salary (minimum ₹25,000) within 30 days of opening the digiSavings account by Colleague/s.
   11. Tax liability arising from the Program, if any, will be solely borne by the Salary Active customers/Colleague. DBS will have the right to deduct TDS, if applicable, as per existing regulations.
   12. Account closed and opened under same Aadhaar and PAN will not be considered for additional pay-outs.
   13. Salary Active customers will not be eligible for credit of ₹250, if the Colleague/s changes the mobile number within 30 days of successful verification (by means of biometric authentication). Your Colleague/s will not be eligible for cashback of ₹250, if your Colleague changes the mobile number within 30 days of successful verification (by means of biometric authentication).
   14. You consent to our collection and use of your personal data and the use and disclosure of your personal data by/to third parties for the purpose of the Program. You agree to the terms of the DBS Privacy Policy, a copy which can be found at https://www.dbs.com/digibank/in/privacy-policy.page.
   15. 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.
   16. This Program will be governed by the laws of India and subject to courts in Mumbai.
   17. 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.