TERMS AND CONDITIONS FOR REWARDS

Last updated on: 17th June, 2025

1. Introduction

These Terms and Conditions ("Reward Terms") govern the eligibility, accrual, and disbursement of cashback rewards ("Rewards") by Apnatime Tech Private Limited ("Apna", "we", "us" or "our") to users ("you", "your"). These Reward Terms shall be read in consonance with the Platform Terms and Conditions and Privacy Policy available on https://apna.co/advantage-terms-and-conditions ("Platform Terms and Privacy Policy") and form an integral part of the Platform Terms. Capitalised terms not defined herein have the meaning ascribed to them in the Platform Terms.

2. Scope

  • Apna may, at its sole discretion, offer you the opportunity to earn rewards upon completion of certain employability-oriented tasks on the Platform, in accordance with milestone-based criteria communicated by Apna from time to time.
  • You will be eligible for this reward upon successful completion of the sign-up process on Apna App, completion of all know-your-customer ("KYC") verifications and passing the onboarding criteria's as defined by Apna, subject to verification and applicable terms and conditions.
  • Rewards shall be available only to individuals registered as users on the Platform.
  • You understand that you shall be allowed to use the Rewards only in a manner as may be permitted under the applicable law, the Reward Terms, the Platform Terms and Apna's internal policies.
  • Rewards shall not be available to you in the event you are not eligible to accrue such Rewards pursuant to any applicable laws or policies of Apna.

3. Eligibility

3.1 Territorial & Age Criteria

Participation in the Reward Program is open solely to natural person who (a) are resident in India; (b) have attained eighteen (18) years of age on the date of enrolment.

3.2 Exclusions

The Reward Program is not open to: (i) employees, directors or officers of Apna, its holding, subsidiary or affiliate companies, or their immediate family members; (ii) bots, scripts, automated or bulk-registration accounts; (iii) users who are suspended, banned or otherwise restricted under the Platform Terms; or (iv) any person or entity residing in a jurisdiction where such promotional offers are prohibited by law.

3.3 Eligibility to Unlock Rewards

Eligibility to unlock the rewards is limited to (a) users affiliated with the eligible colleges or educational institutions as communicated by Apna from time to time and the respective admission has been pass/facilitated through Apna as per the college dashboard and shall be solely attributable to Apna, and (b) users who satisfy the minimum purchase-value threshold (or other qualifying spend) that Apna may specify for the relevant promotional campaign via email/any other communication medium.

3.4 Proof of Eligibility

Apna may request reasonable proof of your eligibility and reserves the right to refuse participation or withhold any Reward if such proof is not provided to its satisfaction.

4. Accrual of Rewards

Accrual limitation: The maximum aggregate amount of Rewards that you may be entitled to earn shall not exceed INR 25,000 (Rupees Twenty Five Thousand Only). Rewards are earned only when you satisfies the programme milestones communicated by Apna from time to time; no rewards accrues pro-rata or on a monthly basis. Subject to verification of the required actions/milestones, the maximum rewards that may be unlocked is as follows:

  • First Milestone: Up to INR 5,000 after the first ninety (90) days from the Commencement Date and on the completion of programme milestones;
  • Second Milestone: Up to INR 8,000 for the period day 91 through day 180 and on the completion of programme milestones;
  • Third Milestone: Up to INR 12,000 for the period day 181 to day 360, provided all milestone steps have been completed to Apna's satisfaction.

Apna may withhold or cancel any tranche that is not duly earned, or where the User fails to meet the stipulated milestone criteria within the relevant period.

Any Reward instalment offered under this Reward Program must be claimed or utilised within the validity period communicated at the time of disbursement. Rewards not claimed within such period shall automatically expire and will not be reissued or carried forward.

Apna hereby clarifies that it does not provide any Rewards in relation to:

  • Tasks not part of the defined milestone structure or not approved upon verification;
  • Users whose admission or academic session start date is unverified;
  • Inactive, withdrawn, or non-participating user accounts;
  • Claims made beyond the notified expiry or disbursement timeline;
  • Any fraudulent, erroneous, or unauthorised activity;
  • Any other instance which Apna may identify at its sole discretion with reasonable grounds.

5. Expiry, Suspension and Termination of Rewards

  • Each Reward instalment, once unlocked, must be claimed or redeemed within the validity period communicated to you at the time of disbursement. Reward not claimed within such period shall automatically expire and be forfeited without further notice or liability.
  • To remain eligible for Reward disbursement, you must maintain an active account on the Platform. If your account remains inactive for a continuous period of 90 days or is deleted, any pending or unclaimed Reward amount shall lapse, and no disbursement shall be made.
  • You acknowledge that any Reward that lapses in accordance with these Reward Terms shall not be reinstated or compensated for in any manner.
  • You understand that we may choose to withdraw, amend, replace, extend, suspend, limit, or cancel any Reward or any linked promotion at any time at our sole discretion, without any notice and liability to you.
  • Apna reserves the right to modify, suspend, withdraw, or terminate the Reward Program or any part thereof at any time, including the timelines, eligibility criteria, or disbursement rules, or Reward amount without prior notice and without incurring any liability.
  • Apna reserves the absolute and unfettered right, at any time and in its sole discretion, to disqualify any user from participation in the Reward Program and/or to withhold, cancel, claw back or forfeit any Rewards (whether pending or already credited) where Apna determines that: (a) the user has breached these Reward Terms, the Platform Terms or any applicable law; (b) the user has acted in a manner that is abusive, disruptive, dishonest, unethical or otherwise prejudicial to the interests or reputation of Apna, its affiliates, partners or other users; or (c) such disqualification is necessary or advisable for compliance with legal, regulatory or internal-policy requirements.

Apna's decision in this regard shall be final and binding and shall not be subject to challenge or review.

6. Disbursement of Rewards

  • Rewards may be disbursed either to your verified bank account or to a designated digital wallet linked to your account, subject to Apna's discretion and your compliance with any KYC or verification procedures that may be required. Rewards will be paid only to an account or wallet that is registered to, and controllable by you; assignment, transfer, or redirection of any reward to a third-party account is strictly prohibited.
  • Once disbursed, the Reward is non-transferable, non-refundable, and cannot be reversed or exchanged for any other benefit or product unless expressly specified by Apna.
  • Notwithstanding any provision to the contrary, you understand and acknowledge that the Rewards cannot be used for any purpose that is prohibited by applicable laws.
  • You acknowledge that once a Reward instalment has been credited to your designated bank account or wallet, such disbursement is final and cannot be cancelled, varied, or reversed by Apna.
  • Apna shall not be liable for any delay or failure in disbursing Rewards arising from incorrect account details, incomplete documentation, technical issues, or non-fulfilment of eligibility criteria by the user.

7. Disclaimer

  • You acknowledge and understand that Apna and its affiliates will not bear any responsibility or liability for any potential loss or damage, whether direct or indirect, that a user or any third party may incur in relation to any Rewards.
  • You acknowledge and understand that Rewards under the Reward Program is offered solely as an incentive based on completion of specific milestones and cannot be purchased, assigned, bartered, or transferred in any manner. Rewards are non-negotiable and personal to the eligible user.
  • You acknowledge and understand that a Reward cannot be claimed as a matter of right and that Apna reserves the right, at its sole discretion, to not issue any Rewards to you.
  • Apna reserves the right to suspend or terminate duplicate or fraudulent user accounts and forfeit any rewards or pending disbursements associated with such accounts.
  • You acknowledge and agree that Apna does not, at any point, invest any amount, including Rewards, on your behalf in any mutual fund scheme, insurance product, securities, or any other regulated financial product or service. Any references made to investment or fund-related options, if provided for illustrative or educational purposes, shall not be construed as financial advice or a recommendation.
  • You acknowledge and understand that you shall remain liable for all costs, taxes, surcharges, fees, carrier charges, claims or liabilities of any nature that may be applicable as a result of the accrual of any Rewards.
  • Users acknowledge and agree that, where required under applicable laws, Apna may deduct or withhold applicable taxes, including Tax Deducted at Source ("TDS"), from the Rewards prior to disbursement. All Rewards shall be disbursed on a net basis after deduction of applicable taxes.
  • Any tax liability arising in connection with participation in this Reward Program or receipt of any Reward shall be solely borne by the user. Apna shall not be responsible or liable for any tax obligations of the user other than the statutory tax deducted.
  • Each user agrees to comply with all applicable tax laws and regulations in connection with participation in this Reward Program and the receipt of any Reward or benefit provided by Apna, including but not limited to accurate reporting, disclosure, and payment of any taxes arising from the Rewards received and Apna shall not be responsible for any claims, liabilities, penalties, interest, or proceedings that may arise due to non-compliance by the user with applicable tax laws.

8. Governing Law and Jurisdiction

These Reward Terms shall be governed by, and construed in accordance with, the laws of India. The courts at Bengaluru, Karnataka shall have exclusive jurisdiction over any dispute arising from or relating to these Reward Terms or the Reward Program.