Terms and Conditions
This document lays out the Terms and Conditions, which shall be applicable for various pay-outs, incentives, rewards, bonus etc. payable to a Direct Selling Agent (“DSA”) for a Campaign scheduled by KredX Ventures IFSC Private Limited (Hereinafter referred to as “KredX”) in the upcoming Festive Season. The word “DSA” as used in this Terms and Conditions. Reference to masculine in this Terms and Conditions shall include the feminine and neuter gender. The term "KredX" refers to KredX Ventures IFSC Private Ltd., a company incorporated in India under the Companies Act 2013 and having its registered office at Unit No.424-Cabin No.9 4th Floor, Pragya Tower, Building No.15A, Road 11, Zone 1 , Gift City, Gujarat, India - 382355.
General Term and Conditions
1. Definitions
(a) “Campaign” shall refer to
(b) “DSA” shall refer to shall refer to a person(s)/entity(ies) empaneled with KredX as a DSA who refers potential Customers who are interested in availing the services/products offered by KredX
(c) “Festive Season” shall refer to the period staring from 10th September 2024 and ending on 31st December, 2024
(d)‘KredX’ shall include the subsidiaries, group companies, holding company and affiliates of KredX in addition to KredX as defined above.
(f) “PF” shall refer to Processing Fee
2. These Offers will be available only for DSA’s of KredX.
3. Participation/availing of these Offers are voluntary and free, subject to these terms and conditions.
4. To avail the Offer, the DSA concerned needs to register themselves with KredX .
5. The Offer, pay outs, rewards, benefits etc granted under this campaign cannot be used or redeemed in combination with any other discounts or promotions or vouchers or any other such promotions offered by KredX.
6. KredX reserve the right, at its sole discretion to add/alter/modify/change/vary all or any of these terms and conditions, or to extend, withdraw or replace these Offers, either wholly or in part, without prior intimation/notice and without assigning any reason.
7.KredX does not guarantee or warranty or make any representation about the usefulness, worthiness and/or character of the product/service and/or discount or benefit under the Offers.
8. The Offers under the Campaign are not transferable, is not for sale or re-sale nor redeemable for cash.
9. Any applicable taxes must be paid by the DSA concerned.
10. Offers will be valid only during the period specified above unless extended by KredX at its sole discretion.
11. KredX shall not be liable for any indirect, incidental and consequential damages/losses or for any loss or damage arising due to force majeure event.
12. In the event of any misuse or abuse of these Offers by a DSA or their agents, KredX reserve the right to deny the Offers.
18. In case of any dispute with regard to the interpretation of any of the clause or term of these terms and condition, the opinion of KredX shall be final and binding on all parties to the dispute.
19. Any dispute regarding these Offers will be subject to exclusive jurisdiction of courts in Bengaluru, Karnataka.
Specific Terms and Conditions
1. Incentives for getting qualified Cases
| Action | Referral Fees |
| Referring Case | NIL |
| Term Sheet Signed by exporter | 2000/- |
| Processing Fee Paid by Exporter | 50% of the PF (Minimum of 2%) If less than 2% is charged, 1% will be with GTX and the rest with DSA. If more than 2% is Charged, 1% will be with GTX and the rest with DSA |
- 1. Leads generated by DSAs will be considered valid from 10th September 2024 till 31st December 2024.
- 2. The overall status of leads generated by DSAs will be collated and updated at the end of every month and the payouts will be released after 60 days from the term sheet signed.
- 3. If any DSA cases have more than 50% Drop (i.e., Term Sheet signed but not moving ahead to make the PF or get the disbursement), in that case the payouts will not be provided for any such referrals.
IN ADDITION TO THE ASSURED INCENTIVE STATED ABOVE DSA SHALL BE ENTITLED TO THE ADDITIONAL PAY-OUTS SUBJECT TO THEIR COMPLYING WITH THE PERFORMACE PARAMETERS STATED BELOW
2. PF-Value-Based Bonus (Incentive based on the Number of successful onboardings and Volume Based):
| Volume Based Bonus | % Share ( From KredX Share) | Volume ( PF Amount ) | Payouts |
| If the PF- Value we collect is above 3 lakh and up to 5 Lakh & 3 cases onboard | 5% | ₹2,50,000/- | ₹12,500/- |
| If the PF- Value is more than 5 Lakh and less than 10 Lakh & ( 4 to 6 Cases) onboard | 7% | ₹5,00,000/- | ₹35,000/- |
| If the PF- Value is more than 10 Lakh (Assuming 15lakh) & 7 or more Cases onboard | 10% | ₹7,50,000/- | ₹75,000/- |
- • Leads generated by DSAs will be considered only for the period starting from 1st Sept 2024 and ending on 31st December 2024.
- • If the total PF Payouts received by DSA is above 3 lakh and less than 5 Lakh rupees and number of PF received is minimum 3, then the DSA will receive 5% additional payouts over and above the regular payouts. (5% from KredX’s Share)
- • If the total PF Payouts received by DSA is above 5 lakh and less than 10 Lakh rupees and number of PF received is minimum 4 & Max 6, then the DSA will receive 7% additional payouts over and above the regular payouts. (7% from KredX’s Share)
- • If the total PF Payouts received by DSA is above 10 Lakh rupees and number of PF received is 7 or more, then the DSA will receive 10% additional payouts over and above the regular payouts. (10% from KredX’s Share)
- • Payment Terms: All the payments are cleared in 45days from the date of invoice acceptance
- • All the above Payouts will be released after the 1st disbursement.
Calculation:
Example 1: Considering DSA Referred 3 cases and we are able to get 5L worth of PF from 3 cases, the pay-out will be calculated as follows:
| Context | DSA Amount |
| 3 Cases referred and onboarded | 6000 ( 2K *3 cases) |
| PF collected is 5Lakh | 2,50,000 ( 50% of PF) |
| Achieveing 5L PF Slab + 3 Onboardings | 12,500 (5% from KredX Case) |
| Total DSA Payout | 2,68,500 |
| Total DSA Payout without offer | 2,50,000 |
| Additional Payouts to DSA | 18,500 |
Example 2: Considering DSA Referred 6 cases and we are able to get 10L worth of PF from 6 cases, the pay-out will be calculated as follows:
| Content | DSA Amount |
| 6 Cases referred and onboarded | 12000 ( 2K *6 cases) |
| PF collected is 10Lakh | 5,00,000 ( 50% of PF) |
| Achieving up to 10Lakh PF Slab + 6 Onboardings (4 to 6 Cases) | 35,000 ( 7% from KredX Share) |
| Total DSA Payout | 5,47,000 |
| Total DSA Payout without offer | 5,00,000 |
| Additional Payouts to DSA | 47,000 |
Example 3: Considering DSA Referred 10 cases and we are able to get 12L worth of PF from 10 cases, the pay-out will be calculated as follows:
| Content | DSA Amount |
| 10 Cases referred and onboarded | 20,000 ( 2K *10 cases) |
| PF collected is 12Lakh | 6,00,000 ( 50% of PF) |
| Achieving Over 10Lakh PF Slab + 10 Onboardings (7 or more Onboardings Slab) | 60,000 ( 10% from KredX Share) |
| Total DSA Payout | 6,80,000 |
| Total DSA Payout without offer | 6,00,000 |
| Additional Payouts to DSA | 80,000 |
For more information, Kindly reachout to your respective RM's or write to us at connect@kredx.com