Hot Deal

INDMoney free stocks are scam.

619°
Deal Newbie
sujeet2555952
I was given apple stocks of rs 800 from times prime. I installed the app and i got the stocks notification in rewards. Then INDmoney required me to open an account with sbm bank, kyc, income proof etc. Then it required me to add money to finally get the reward of apple stocks.
So i did and then it showed the apple stocks but those stocks are virtual and have no use that i came to after doing all these.
Now i feel cheated and fooled that i invested real money to get a virtual reward. Do not install this app.
Expired
Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
24 Comments  |  
13 Dimers
  • Sort By
Deal Lieutenant Deal Lieutenant
Link Copied

Thanks for update pray pray

Benevolent Benevolent
Link Copied

Complain to RBI

Benevolent Benevolent
Link Copied

rbi has no jurisdiction there

View 2 more replies
Critic Critic
Link Copied

What do you mean by “virtual” ? Expecting a real Apple XD

On a serious note, it’s not virtual. They reward fractional shares, and no it’s not held in your brokers demat account; it’s held with INDMoney only, and can be redeemed/sold as usual. No scam here.

Investor Guru Investor Guru
Link Copied

+1

View 12 more replies
Generous Generous
Link Copied

simple, sell the stock under indmoney name and purchase again. It will be with drivewealth.

Deal Detective Deal Detective
Link Copied

INDMoney Free Stocks are not Scam, You read the Terms and Conditions before applying the offer.

IT CLEARLY SAYS, YOU NEED TO ADD MONEY THEN ONLY YOU WILL GET THE BENEFITS.

I Myself have done it and got it 

Deal Subedar Deal Subedar
Link Copied

Here Indmoney provides instant withdrawal. And investment is also easy with SBM. Only the reward are saved in virtual stock. But when you made actual investment it will be in you stock account.
If you want to invest directly in us stocks from other company you need to provide the bank statement etc.,
I have used stockal by Drivewealth. Inward remittance needs physical form submission and the approval process is not easy to get money in to account. It took 21 days to withdraw money.

Deal Subedar Deal Subedar
Link Copied

Yes, the stock is virtual but you can’t call it a scam. You can sell the stock and will get cash via IMPS within 2 mins. It is virtual but not a SCAM!

Helpful Helpful
Link Copied

I feel IND money best one compared to even my first Demat Zerodha.

you have been scammed by Times prime with incomplete/incorrect tag, also you have not read the TC correctly or they’ve hidden the TC 

i have read these Tc in Flipkart/Gpay where they also offer the same coupon.

again its not a scam. What they’ve offered is virtual stock without cash dividend. If the price of the stock goes up same will be reflecting in the rewarded stock.

and when we sell the amount would be transferred immediately into my savings account.(IMPS) not into the SBM account. That is really great.

replyuser
Click here to reply
Reply