Terms and Conditions

Welcome to Fin 100X.AI — India’s First Protocol-Governed AI Financial Operating System. By using our app or platform, you agree to the following terms:

Fin100X.AI – Terms & Conditions (Regulatory-Grade) Effective Date: [Insert Date]Last Updated: [Insert Date]

  1. Definitions 1.1 “Company” / “We” / “Our” / “Us” shall mean The 100X.AI Pvt Ltd, a company incorporated under the Companies Act, 2013, operating under the brand Fin100X.AI. 1.2 “Platform” shall mean the Fin100X.AI mobile application, website, APIs, and related technological systems. 1.3 “User” / “You” shall mean any natural or legal person who downloads, accesses, or uses the Platform. 1.4 “Services” shall mean the AI-powered financial literacy, advisory interface, calculators, credit score booster, insurance analyzer, SIP planner, tax estimator, retirement planner, and integrations with licensed third-party financial service providers. 1.5 “Partners” shall mean licensed banks, NBFCs, AMCs (Asset Management Companies), IRDAI-licensed insurers, credit bureaus (CRIF, CIBIL, Experian), and other regulated entities that Fin100X.AI integrates with. 1.6 “AI Suggestions” shall mean recommendations generated by the Platform’s artificial intelligence systems, provided strictly for educational and informational purposes.
  2. Scope of Services 2.1 Fin100X.AI is not a bank, NBFC, insurer, or mutual fund distributor. It acts as a protocol-governed AI Financial Operating System, integrating licensed financial service providers via secure APIs. 2.2 Transactions such as investments, insurance, or loan approvals are carried out by licensed third-party partners, subject to their respective terms and regulatory frameworks. 2.3 The Company provides facilitation and literacy services, not financial guarantees. RBI Circular Reference: RBI Master Direction – Know Your Customer (KYC) Direction, 2016 (updated 2023). RBI Guidelines on Digital Lending (DL Guidelines, Sept 2022).

IRDAI Reference: IRDAI (Insurance Brokers) Regulations, 2018 – disclosure of PoSP intermediary role.

  1. Eligibility 3.1 Users must be at least 18 years old and legally competent under the Indian Contract Act, 1872. 3.2 Minors (13–18 years) may use the Platform only with parental consent. 3.3 By registering, Users represent that: They are residents of India or legally permitted to access services in their jurisdiction. They are not restricted by RBI, SEBI, IRDAI, or PFRDA regulations.

Case Law Reference: Mohori Bibee v. Dharmodas Ghose (1903) – establishes that contracts with minors are void ab initio under Indian law.

  1. Account Creation & Verification 4.1 To access Services, Users must register with accurate details (name, email, phone). 4.2 KYC verification may include PAN, Aadhaar (via DigiLocker), or other government-approved IDs. 4.3 Providing false or forged documents will result in termination of services and possible reporting to authorities. RBI Reference: RBI Master Direction – KYC (2016) requires CDD (Customer Due Diligence) for digital platforms.
  2. User Responsibilities 5.1 Users must: Keep login credentials confidential. Provide accurate KYC & financial details. Report unauthorized use immediately.

5.2 Users shall not: Misuse the Platform for illegal activities (money laundering, fraud, cybercrime). Attempt hacking, reverse engineering, or unauthorized data scraping.

Case Law Reference: Shreya Singhal v. Union of India (2015) – clarified lawful restrictions under IT Act, 2000.

  1. Use of AI Services 6.1 AI-generated recommendations are educational in nature. They do not constitute professional financial advice. 6.2 Users are encouraged to seek human advice from certified professionals (CA, CFA, CFP) before making financial decisions. 6.3 The Company disclaims liability for financial losses arising from reliance on AI Suggestions. SEBI Reference: SEBI Investment Advisers Regulations, 2013 – AI platforms must clearly disclose that suggestions are not registered investment advice.
  2. Third-Party Services & API Partners 7.1 The Platform integrates with third-party services: Credit Bureaus – CRIF, CIBIL, Experian. Mutual Fund Platforms – BSE Star MF. Insurance – IRDAI-licensed insurers via PoSP/Corporate Agent model.

7.2 The Company is not responsible for errors, delays, or rejections by partners. 7.3 Users agree to the terms & conditions of third-party partners. IRDAI PoSP Guidelines: require explicit disclosure that Fin100X.AI acts as an intermediary.

  1. Fees & Payments 8.1 Services may be free or subscription-based. Fees will be disclosed transparently. 8.2 Payments once made are non-refundable, except where legally mandated. 8.3 Taxes (GST, etc.) apply as per Indian law.
  2. Intellectual Property Rights 9.1 All trademarks, logos, software, UI/UX designs belong to Fin100X.AI. 9.2 Users are granted a limited, non-transferable license for personal use. 9.3 Unauthorized reproduction or resale is prohibited. Case Law Reference: Eastern Book Company v. D.B. Modak (2008) – clarified copyright over original compilations/software.
  3. Prohibited Conduct Users shall not: Use Platform for money laundering or terrorism financing. Misrepresent credit/financial information. Engage in spamming or unauthorized marketing.

RBI AML Reference: Prevention of Money Laundering Act (PMLA), 2002. RBI AML Guidelines (2016).

  1. Liability & Indemnity 11.1 The Company is not liable for: Market risks affecting investments. Loan rejections/approvals by NBFCs. Insurance claim outcomes.

11.2 Users agree to indemnify the Company against claims, damages, or losses caused by their breach of these Terms. Case Law Reference: LIC of India v. Consumer Education & Research Centre (1995) – highlights liability exclusions in financial contracts.

  1. Termination & Suspension 12.1 The Company may suspend/terminate access if: Fraudulent documents are detected. Regulatory/legal orders demand suspension. Misuse of services occurs.

12.2 Users may request account closure at any time.

  1. Risk Disclosures Investments: Subject to SEBI-mandated risk disclaimers. Loans: Non-repayment affects credit score. Insurance: Policies have exclusions, waiting periods. AI: Educational guidance, not professional advice.

SEBI Circular: Standard MF disclaimer required for SIP/Investment tools.

  1. Dispute Resolution & Arbitration 14.1 Disputes shall first be attempted to resolve via internal grievance redressal. 14.2 If unresolved, disputes shall be referred to arbitration under the Arbitration & Conciliation Act, 1996. 14.3 Seat of Arbitration: Mumbai, Maharashtra.Language: English.Arbitrator: Sole arbitrator appointed mutually. Case Law Reference: Bharat Aluminium Co. v. Kaiser Aluminium (2012) – arbitration seat and jurisdiction clarified.
  2. Governing Law These Terms are governed by the laws of India, including but not limited to: Information Technology Act, 2000 Digital Personal Data Protection Act, 2023 RBI KYC Directions (2016, updated 2023) SEBI IA Regulations, 2013 IRDAI PoSP Guidelines, 2015 PFRDA Regulations, 2015
  3. Amendments The Company may update Terms periodically. Users will be notified via email/app notifications. Continued use implies acceptance.
  4. Contact Information Fin100X.AI – Legal & ComplianceEmail: legal@fin100x.aiPhone: [+91-XXXXXXXXXX]Address: [Registered office, Mumbai, India]

regulatory-grade legal drafting. This will be a full master Terms & Conditions (T&C) document (~5,000 words) with:

Clause-by-clause expansion Indian case law references (where relevant) RBI/SEBI/IRDAI/PFRDA circulars & guidelines Sample arbitration/dispute resolution language

Annexure A – RBI Guidelines & Circulars

  1. RBI Master Direction – Know Your Customer (KYC), 2016 (Updated 2023) Clause 3(b):

“Regulated entities shall carry out Customer Due Diligence (CDD) as per the procedure laid down… including identifying the customer, verifying identity using reliable sources, and monitoring ongoing transactions.”

Application to Fin100X.AI: KYC APIs (DigiLocker, PAN) are used in compliance with RBI KYC Direction. No account activation without KYC.

  1. RBI Guidelines on Digital Lending (DL Guidelines, Sept 2022) Clause 5.2:

“All loan disbursals and repayments shall be executed only between the bank accounts of borrower and regulated entities… Lending Service Providers shall not store personal data without explicit consent.”

Application: Fin100X.AI does not lend directly, integrates only with RBI-licensed NBFCs/banks. Digital consent logs are mandatory in our Consent Policy.

Annexure B – SEBI Regulations

  1. SEBI (Investment Advisers) Regulations, 2013 Clause 4(b):

“No person shall act as an investment adviser unless registered under these regulations.”

Application: Fin100X.AI is not acting as an RIA. All AI suggestions are explicitly disclosed as educational only. Disclaimers follow SEBI-mandated format: “Mutual fund investments are subject to market risks…”

  1. SEBI Circular – Risk Disclaimers for Mutual Funds Standard wording:

“Mutual Fund investments are subject to market risks. Please read all scheme related documents carefully before investing.”

Application: Displayed in all SIP/Investment modules.

Annexure C – IRDAI Regulations

  1. IRDAI (Insurance Brokers) Regulations, 2018 Clause 19(1):

“Every intermediary shall disclose that they are acting as an intermediary and that the contract of insurance is between the insurer and the insured.”

Application: Fin100X.AI acts as a PoSP/Corporate Agent distributor. Users are informed that Fin100X.AI is not an insurer.

  1. IRDAI PoSP Guidelines (2015) Requirement:

PoSP must ensure complete disclosures, maintain training standards, and obtain customer consent before policy issuance.

Application: Fin100X.AI includes digital consent checkboxes during insurance transactions.

Annexure D – PFRDA Regulations PFRDA (Retirement Adviser) Regulations, 2016 Clause 6:

“Every retirement adviser shall ensure that any advice is fair, unbiased, and based on client’s interest.”

Application: Retirement Planner in Fin100X.AI provides only projected estimates. Users are advised to consult PFRDA-licensed retirement advisors for binding decisions.

Annexure E – Case Law Summaries

  1. Mohori Bibee v. Dharmodas Ghose (1903)

Contracts with minors are void. Applied → Users under 18 cannot legally bind contracts.

  1. LIC of India v. Consumer Education & Research Centre (1995)

Insurance contracts must not unfairly exclude liability. Applied → Insurance disclaimers must be transparent.

  1. Bharat Aluminium Co. v. Kaiser Aluminium (2012)

Clarified arbitration seat = exclusive jurisdiction. Applied → T&C arbitration clause → Seat of Mumbai is binding.

  1. Shreya Singhal v. Union of India (2015)

IT Act provisions cannot restrict free speech beyond reasonable limits. Applied → Fin100X.AI ensures no unlawful censorship of user inputs.

Annexure F – Arbitration Clause (Sample Full Text)

“Any dispute, controversy, or claim arising out of or relating to this Agreement, including its interpretation, breach, termination, or validity, shall be referred to and finally resolved by arbitration in accordance with the Arbitration & Conciliation Act, 1996. The seat and venue of arbitration shall be Mumbai, Maharashtra, India. The proceedings shall be conducted in English before a sole arbitrator mutually appointed by the parties. The arbitral award shall be final and binding. Costs shall be borne as directed by the arbitrator. The parties waive any right to challenge the award, except as provided under Section 34 of the Arbitration Act.”

Annexure G – IT Act & DPDP Act Compliance IT Act, 2000: Platform treated as “intermediary” under Section 2(1)(w). Liability limited if due diligence observed. DPDP Act, 2023: Explicit user consent required for personal data processing. Users have rights: Right to Access Right to Correction Right to Deletion Right to Nominate (data rights on death)