Eligibility: The Gift feature is available to all verified users of the My Digi Gold platform with a sufficient gold balance.
Recipient Responsibility: The recipient must accept the gift within 48-72 Hrs of the gift transaction. If not claimed, the gifted gold will be refunded to the sender's Digi Gold account.
Transfer/Acceptance Responsibility: The Sender and Receiver both need to validate the transaction with OTP verification.
Revocable Transaction: Once confirmed, the gift transaction is final, the sender still would be allowed to cancel the gift transfer/transaction.
KYC & Regulatory Compliance: Both sender and recipient may be required to complete KYC as per regulatory norms.
Transfer Limits: My Digi Gold reserves the right to limit the number or value of gift transactions per day/month per user, to prevent misuse.
Service Fees: While the Gift feature is currently free, My Digi Gold reserves the right to introduce service fees with prior notification.
Digital Invoice: A unique Gift invoice is generated for every transaction and can be used for customer service or verification.
Platform Liability: My Digi Gold will not be responsible for issues arising from incorrect recipient details entered by the sender.
Modification of Terms: My Digi Gold may update these terms and conditions periodically. Users will be notified of any major changes via app/email.
Jurisdiction: In the event of any dispute or difference arising under these T&Cs, the matter shall be subjected to the jurisdiction of Kolkata High Court.