INDMoney free stocks are scam.
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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.
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rbi has no jurisdiction there
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.
simple, sell the stock under indmoney name and purchase again. It will be with drivewealth.
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
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.
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!
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.
Thanks for update