Last updated on 11-August-2026 Version: 1.0

These Terms and Conditions (“Terms”) govern the Belong Referral Program (“Program”), operated on the Belong platform. By generating, sharing, or using a Belong referral code or link under the Program, or by accepting any reward under it, you agree to be bound by these Terms, in addition to Belong's general Terms and Conditions and Wealth Terms and Conditions, available at getbelong.com/terms-and-conditions/ and getbelong.com/wealth-terms-and-conditions/ respectively. If there is any conflict between these Terms and any other document in respect of a matter specific to the Program, these Terms shall prevail.

1.1 “Applicable Brokerage” means brokerage revenue collected by Belong from a Referee's trading in GIFT City Traded Products.

1.2 “Belong” means the digital application and platform operated under the brand name “Belong”.

1.3 “Belong Bonus” means the reward payable to a Referrer and a Referee under Other Products, as described in Clause 6.1.

1.4 “Brokerage Share” means the reward payable to a Referrer under FnO, as described in Clause 6.2.

1.5 “FnO Referral” means the part of the Program described in Clause 6.2, under which a Referrer earns a Brokerage Share on a Referee's trading activity in GIFT City Traded Products via NSEIX or such other exchange as applicable.

1.6 “Derivative Products” means GIFT Nifty futures and options contracts and any other exchange-traded security or derivative product Belong may designate as eligible under FnO referral from time to time.

1.7 “KYC” means the know-your-customer verification process required to open and operate a Belong account.

1.8 “NRI” means a Non-Resident Indian, and “OCI” means an Overseas Citizen of India, in each case as defined under applicable laws.

1.9 “NSEIX” means NSE International Exchange, a subsidiary of National Stock Exchange (NSE, India).

1.10 “Other Products Referral” means the part of the Program described in Clause 6.1, under which a Referrer and Referee each earn a Belong Bonus on qualifying investment activity across Belong's products other than trading in GIFT City Traded Products.

1.11 “Qualifying Deposit” means the addition of USD 1,000 or more to a Referee's Belong account, as described in Clause 6.1.

1.12 “Referee” means an individual whose Belong account is attributed to a Referrer in accordance with Clause 5.

1.13 “Referral Reward” means, collectively, the Belong Bonus and the Brokerage Share, each payable to a Referrer or Referee (as applicable) in accordance with these Terms.

1.14 “Referrer” means a Belong customer who shares a unique referral code or link to invite a new.

1.15 “RI” means a Resident Indian, as defined under applicable law.

2.2 A single act of attribution under Clause 5 governs eligibility for both parts of the Program; you are not required to be separately attributed under each.

2.3 The Program is entirely optional. You are under no obligation to participate, and choosing not to participate does not affect your access to any other Belong product or service.

3.1 Any Belong customer who has signed up on the platform, whether RI, NRI, or OCI, is eligible to act as a Referrer under both Other Products and FnO, subject to this Clause 3.

3.2 Each Referrer is entitled to one referral code. Your referral code is personal to you and may not be sold, sublicensed, or assigned.

3.3 You may not be your own Referee. This is a specific application of the broader restriction in Clause 9.1 on referring any account you own, control, or beneficially hold.

3.4 The Program is open to individual retail accounts only. HUF, corporate, partnership/LLP, and trust accounts may not act as a Referrer or a Referee.

3.5 Employees, contractors, and vendors of Belong, and their immediate family members and persons residing in their household, are not eligible to earn any Referral Reward.

5.1 A Referee is attributed to a Referrer only during sign-up, where the Referee initiates their Belong account creation via the Referrer's referral link and the code is applied automatically. Attribution is a one-time event, permanent and cannot be created, added, or changed after account creation.

5.2 If you referred a customer under Other Products referral, or before FnO referral existed, that referral relationship automatically extends to FnO without requiring fresh attribution, provided the Referee otherwise satisfies Clause 4.2. For example, if you referred someone for a mutual fund investment before FnO existed, and they later start trading GIFT City Traded Products, your existing referral relationship will govern the Brokerage Share without you needing to do anything further.

7.1 If you are an RI Referrer, your Brokerage Share will be paid to your whitelisted Indian bank account, in INR converted from USD on the payment date. Transfer charges and forex fees will apply. The Brokerage Share is subject to a minimum threshold of USD 100 equivalent, which is carried forward until met, and applicable taxes will be deducted at source before payout.

7.2 In every other case - including an NRI or OCI Referrer's Brokerage Share, and any Belong Bonus payable to a Referee - the reward is credited to the recipient's Belong wallet, in USD. The Belong Bonus is credited within 7 days of the Referee making the Qualifying Investment and after the recipient's KYC is complete. There is no minimum payout threshold for the Brokerage Share. Taxes, if any, will be deducted before payout.

7.3 Payout of Brokerage Share for a particular month will be done in the first week of the following month.

7.4 Belong may withhold, delay, or deny any payout pending verification, in cases of suspected fraud, or where required by law.

9.1 You may not refer, and will not earn any Referral Reward in respect of, any account that you directly or indirectly own, control, or beneficially hold, whether individually, jointly, or through any other account or arrangement.

9.2 Before referring a prospective customer, you must disclose to them that you will earn a Referral Reward for their sign-up or qualifying activity.

9.3 You may not induce a Referee's sign-up, investment, or trading activity through any payment, gift, cash-back, or other consideration outside the Program.

9.4 You may not use your referral code or link for mass or unsolicited messaging.

9.5 Your Referral Reward is personal to you and may not be transferred to any other person.

9.6 If Belong determines that you have engaged in fraudulent or manipulative referral activity, or have misrepresented any fact in connection with the Program, you will forfeit past and future Referral Rewards under the Program, and Belong may suspend your access to the platform.

10.1 You must keep confidential any personal or financial information you learn about a Referee in connection with the Program, and must not use or disclose it for any purpose other than making the referral.

11.1 All trademarks, logos, and other intellectual property of Belong remain the property of Belong. You may not use Belong's intellectual property, other than your referral code or link as provided by Belong, without Belong's prior written permission.

12.1 Participation in the Program does not constitute investment, tax, or legal advice by Belong, and is not a recommendation to trade GIFT City Traded Products or any other instrument. Trading in securities, futures, and options carries a risk of financial loss, and that risk is unaffected by your participation in the Program.

12.2 You are not acting as an agent, representative, or authorised person of Belong by virtue of participating in the Program, and must not represent yourself as such to any third party.

13.1 You are solely responsible for any tax obligations arising from a Referral Reward in your jurisdiction of residence. Where applicable, tax will be deducted at source as required under the Income Tax Act, 1961 before payout.

14.1 These Terms are governed by the laws of India.

14.2 Any dispute arising out of or in connection with these Terms will first be referred to Belong's grievance redressal process. If not resolved within 30 days, the dispute will be referred to arbitration before a sole arbitrator appointed by Belong, conducted under the (Indian) Arbitration and Conciliation Act, 1996, seated in Bengaluru, India, in English. Subject to this, the courts at Bengaluru, India have exclusive jurisdiction over any matter arising under these Terms.

15.1 Amendments. Belong may update these Terms from time to time without prior notice. Your continued participation in the Program after an update means you accept the revised Terms.

15.2 Discretion in exceptional cases. Belong reserves the right, in its sole discretion, to determine how these Terms apply to any case that falls outside their ordinary operation.

15.3 Severability. If any provision of these Terms is held invalid or unenforceable, the remaining provisions will continue in full force and effect.

15.4 Entire agreement. These Terms, together with Belong's general Terms and Conditions and Wealth Terms and Conditions, constitute the entire agreement between you and Belong in respect of the Program, and supersede any prior understanding on the subject.

15.5 Assignment. You may not assign or transfer your rights or obligations under these Terms. Belong may assign or transfer these Terms, in whole or in part, to any of its affiliates or to a successor in connection with a merger, acquisition, or sale of assets.

15.6 Force majeure. Belong will not be liable for any failure or delay in performing its obligations under the Program to the extent caused by circumstances beyond its reasonable control, including regulatory action, exchange outages, or systemic disruption.

15.7 Language. These Terms are drawn up in English, which shall prevail over any translation.

15.8 Contact. For any query, complaint, or grievance regarding the Program, refer to Belong's Grievance Redressal Policy.