TBTS App - Terms and Conditions

By using the TBTS (Token Based Transaction System) App, you agree to be bound by these Terms and Conditions ("Terms"). Please read them carefully.

1. Acceptance of Terms

By accessing or using the TBTS App, you agree to these Terms and our Privacy Policy. If you do not agree to all of these Terms, do not access or use the App.

2. Account Creation

To access certain features of the TBTS App, you may be required to create an account. You can create an account using your Gmail account or phone number. You are responsible for maintaining the confidentiality of your account information and for all activities that occur under your account. You agree to notify us immediately of any unauthorized access to or use of your account.

3. Description of Service

The TBTS App facilitates a token-based transaction system. Users can deposit funds into their App account from their bank accounts. Once funds are in their App account, users can generate tokens for a specific amount, subject to platform limits. Each generated token is associated with a unique token number and one or more authorization numbers. To redeem a token, the recipient needs both the token number and the corresponding authorization number(s). Users can also request payouts of the funds held in their App account, which are processed by our dedicated payout manager.

4. User Responsibilities

You agree to:

  1. Provide accurate information when using the App, including bank account details for deposits.
  2. Use the App for lawful purposes only and in a manner that does not infringe the rights of, restrict, or inhibit anyone else's use and enjoyment of the App.
  3. Keep your device secure and do not share your device or any access credentials with others.
  4. Be responsible for all activities that occur under your account.
  5. Ensure that the amount you enter when generating a token accurately reflects the intended value.
  6. Understand that generating a token creates a mechanism for transferring value, and you are responsible for the consequences of sharing the token number and authorization number(s).
  7. Not use the App for any fraudulent activities, including but not limited to attempting to generate tokens or claim payouts without proper authorization or through manipulation of the system.
  8. **Share the token number and all associated authorization numbers only with the specific individual you intend to allow to redeem the token.**
  9. Understand that once a token number and its associated authorization numbers are shared, the recipient can redeem the token's value.

5. Token Generation and Redemption

Tokens generated by the TBTS App are subject to the following:

  1. You can generate tokens up to the amount available in your App account, within platform-defined limits.
  2. Each token generated will have a unique token number and associated authorization numbers.
  3. **To enable another person to access the value associated with a token, you must share both the token number and all the corresponding authorization numbers with them.**
  4. **Anyone in possession of both the token number and the correct authorization number(s) can redeem the token.**
  5. TBTS is not responsible for tokens that are redeemed by unintended recipients due to the user sharing the token number and authorization numbers.
  6. TBTS reserves the right to limit the number of tokens a user can generate or the amounts associated with those tokens within a specific timeframe to prevent misuse or for security purposes.

6. Funding Your App Account and Payouts

Users can add funds to their TBTS App account by initiating a transfer from their linked bank accounts. The App will reflect the deposited amount in the user's account balance.

The minimum payout limit is ₹25. Users can request a payout of the available balance in their App account, provided it is ₹25 or more. Payout requests are reviewed and processed by our dedicated payout manager, who will then send the requested amount to the user's linked bank account or UPI ID.

The maximum fund deposit limit is ₹2000. If the money in your App account reaches this limit, our payout manager will contact you to request your payout bank account number or UPI ID and will deposit the amount accordingly.

Payouts are processed two times a day, based on the following schedule:

Payout requests are processed in the next available schedule based on when the request is submitted. For example:

Payout processing times may vary.

7. Intellectual Property

The TBTS App and its original content, features, and functionality are owned by TBTS and are protected by copyright, trademark, and other intellectual property laws. You may not modify, reproduce, distribute, create derivative works of, publicly display, or in any way exploit any of the content of the App in whole or in part, except as expressly permitted by us.

8. Disclaimer of Warranties

THE TBTS APP IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS, WITHOUT ANY WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT. TBTS DOES NOT WARRANT THAT THE APP WILL BE UNINTERRUPTED OR ERROR-FREE, THAT DEFECTS WILL BE CORRECTED, OR THAT THE APP OR THE SERVERS THAT MAKE THE APP AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.

9. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL TBTS, ITS AFFILIATES, DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, SUPPLIERS, OR LICENSORS BE LIABLE FOR ANY INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR EXEMPLARY DAMAGES, INCLUDING WITHOUT LIMITATION DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA, OR OTHER INTANGIBLE LOSSES, ARISING OUT OF OR RELATING TO THE USE OF, OR INABILITY TO USE, THE APP, INCLUDING BUT NOT LIMITED TO ISSUES RELATED TO TOKEN REDEMPTION, FUND DEPOSITS, OR PAYOUT REQUESTS.

10. Disclaimer of Responsibility for External Events

TBTS shall not be held responsible or liable for any losses, damages, or disruptions arising from events outside of our direct control, including but not limited to natural disasters, unforeseen emergencies, or situations where the system is compromised due to hacking or unauthorized access. Users acknowledge that while we take reasonable measures to secure the App and user data, no system is entirely impenetrable, and unforeseen circumstances can occur.

11. Indemnification

You agree to indemnify, defend, and hold harmless TBTS and its affiliates, directors, officers, employees, and agents from and against any and all claims, liabilities, damages, losses, and expenses, including reasonable attorneys' fees and costs, arising out of or in any way connected with your access to or use of the App, your violation of these Terms, or your violation of any rights of another.

12. Termination

We may terminate or suspend your access to the App immediately, without prior notice or liability, for any reason whatsoever, including without limitation if you breach these Terms.

13. Governing Law

These Terms shall be governed by and construed in accordance with the laws of Uttar Pradesh, India, without regard to its conflict of law provisions.

14. Changes to These Terms

We reserve the right to modify or replace these Terms at any time. We will notify you of any significant changes by posting the new Terms on this page. Your continued use of the App after any such changes constitutes your acceptance of the new Terms. It is your responsibility to review these Terms periodically for changes.

15. Contact Us

If you have any questions about these Terms, please contact us at:

TBTS Team
8171312595
Email: singhnarsimha5@gmail.com

Last Updated: 01/01/2025