Terms of Service for SIP Book

Last Updated: 4 Apr 2026

Please read these Terms of Service ("Terms", "Terms of Service") carefully before using the SIP Book mobile application (the "App") operated by BinaryScript Private Limited ("Company", "we", "us", or "our").

Your access to and use of the App is conditioned on your acceptance of and compliance with these Terms. These Terms apply to all visitors, users, and others who access or use the App.

1. Acceptance of Terms

1.1 By accessing or using the App, you acknowledge that you have read, understood, and agree to be bound by these Terms and our Privacy Policy.

1.2 We reserve the right to modify these Terms at any time. We will notify users of any material changes through the App or via email. Your continued use of the App after such modifications constitutes your acceptance of the updated Terms.

1.3 If you are using the App on behalf of an organization, you represent and warrant that you have the authority to bind that organization to these Terms.

2. Description of Service

2.1 SIP Book is a mobile application designed for Mutual Fund Distributors (MFDs) and financial professionals to:

• Track and manage Systematic Investment Plans (SIPs)
• Maintain client records and contact information
• Record and monitor payment history
• Estimate trail commission income
• Send follow-up communications to clients
• Backup and restore data

2.3 We reserve the right to modify, suspend, or discontinue any part of the App at any time without prior notice.

3. User Eligibility

3.1 You must be at least 18 years of age to use this App.

3.2 By using this App, you represent and warrant that:

• You are at least 18 years old
• You have the legal capacity to enter into these Terms
• You are not prohibited from using the App under applicable laws
• You will use the App only for lawful purposes

3.3 The App is intended for use by financial professionals in India, including but not limited to:

• AMFI Registered Mutual Fund Distributors
• Independent Financial Advisors (IFAs)
• Insurance and Investment Agents
• Wealth Management Professionals

4. User Account and Registration

4.1 To use certain features of the App, you must register using your mobile phone number and complete OTP verification.

4.2 You are responsible for:

• Providing accurate and complete registration information
• Maintaining the confidentiality of your account credentials
• All activities that occur under your account
• Notifying us immediately of any unauthorized use

4.3 We reserve the right to suspend or terminate accounts that:

• Contain false or misleading information
• Violate these Terms
• Are used for fraudulent or illegal purposes

4.4 You may have only one account. Multiple accounts per user are not permitted without explicit written consent from us.

5. User Responsibilities

5.1 Accuracy of Data

You are solely responsible for the accuracy, quality, and legality of the data you enter into the App, including client information, SIP details, and payment records.

5.2 Compliance with Laws

You agree to use the App in compliance with all applicable laws and regulations, including but not limited to:

• SEBI (Securities and Exchange Board of India) regulations
• AMFI guidelines
• Data protection laws
• Anti-money laundering regulations

5.3 Prohibited Uses

You agree NOT to:

• Use the App for any unlawful purpose
• Enter false, misleading, or fraudulent information
• Attempt to gain unauthorized access to the App or its systems
• Interfere with or disrupt the App's functionality
• Reverse engineer, decompile, or disassemble the App
• Use the App to transmit malware or harmful code
• Share your account credentials with others
• Use automated systems or bots to access the App
• Resell or redistribute the App

5.4 Client Data

You acknowledge that:

• You have obtained necessary consent from your clients to store their data
• You are responsible for the security of client data on your device
• You will handle client data in accordance with applicable privacy laws
• We are not responsible for how you use or share client data

6. Intellectual Property

6.1 Ownership

The App, including its design, features, functionality, content, trademarks, logos, and all related intellectual property, is owned by BinaryScript Private Limited and is protected by copyright, trademark, and other intellectual property laws.

6.2 License

Subject to these Terms, we grant you a limited, non-exclusive, non-transferable, revocable license to use the App for personal and professional purposes in accordance with these Terms.

6.3 Restrictions

You may not:

• Copy, modify, or distribute the App
• Create derivative works based on the App
• Remove any copyright or proprietary notices
• Use our trademarks without prior written consent

6.4 Feedback

Any feedback, suggestions, or ideas you provide regarding the App may be used by us without any obligation to compensate you.

7. Data Ownership

7.1 Your Data

You retain ownership of all data you enter into the App, including client information, SIP details, and payment records.

7.2 Our Rights

We own all rights to:

• The App's software, code, and architecture
• Aggregated and anonymized usage data
• Analytics and performance metrics
• Improvements made based on user feedback

7.3 Data Portability

You may export your data at any time using the App's backup and CSV export features.

8. Disclaimer of Warranties

8.2 No Financial Advice

8.3 No Guarantee of Results

We do not guarantee that:

• The App will meet your specific requirements
• The App will be uninterrupted, timely, secure, or error-free
• The results from using the App will be accurate or reliable
• Any calculations or estimates will be correct

8.4 Your Acknowledgment

You acknowledge that:

• All investment decisions are made solely by you and your clients
• You are responsible for verifying all data and calculations
• The trail commission estimates are for informational purposes only
• Actual commissions depend on AMC policies and AUM performance

9. Limitation of Liability

9.1 TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL BINARYSCRIPT PRIVATE LIMITED, ITS DIRECTORS, EMPLOYEES, PARTNERS, AGENTS, SUPPLIERS, OR AFFILIATES BE LIABLE FOR:

• Any indirect, incidental, special, consequential, or punitive damages
• Loss of profits, revenue, data, or business opportunities
• Damages arising from use or inability to use the App
• Damages arising from unauthorized access to your data
• Damages exceeding the amount paid by you (if any) in the past 12 months

9.2 SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR LIMITATION OF LIABILITY. IN SUCH CASES, OUR LIABILITY WILL BE LIMITED TO THE MAXIMUM EXTENT PERMITTED BY LAW.

10. Indemnification

You agree to defend, indemnify, and hold harmless BinaryScript Private Limited and its officers, directors, employees, and agents from and against any claims, damages, obligations, losses, liabilities, costs, or expenses arising from:

• Your use of the App
• Your violation of these Terms
• Your violation of any third-party rights
• Your violation of any applicable law or regulation
• Any data you enter into the App
• Any claim by your clients related to data stored in the App

11. Termination

11.1 By You

You may terminate your use of the App at any time by:

• Uninstalling the App from your device
• Requesting account deletion via email to [email protected]

11.2 By Us

We may terminate or suspend your access to the App immediately, without prior notice, if you:

• Violate these Terms
• Engage in fraudulent or illegal activity
• Fail to pay any applicable fees (if introduced in the future)
• Upon request by law enforcement or government agencies

11.3 Effect of Termination

Upon termination:

• Your right to use the App will immediately cease
• You should backup your data before uninstalling
• Data stored locally on your device will be deleted upon uninstall
• We may retain certain information as required by law

12. Governing Law

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

12.2 Any disputes arising under or in connection with these Terms shall be subject to the exclusive jurisdiction of the courts located in Raipur, Chattisgarh, India.

13. Dispute Resolution

13.1 Informal Resolution

Before filing any legal claim, you agree to first contact us at [email protected] and attempt to resolve the dispute informally for at least 30 days.

13.2 Arbitration

If informal resolution fails, any dispute shall be resolved through binding arbitration conducted in accordance with the Arbitration and Conciliation Act, 1996 of India. The arbitration shall be:

• Conducted in English
• Held in Raipur, Chattisgarh, India
• Before a single arbitrator mutually agreed upon

13.3 Class Action Waiver

You agree that any dispute resolution will be conducted only on an individual basis and not in a class, consolidated, or representative action.

14. General Provisions

14.1 Entire Agreement

These Terms, together with the Privacy Policy, constitute the entire agreement between you and BinaryScript Private Limited regarding the App.

14.2 Severability

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

14.3 Waiver

Our failure to enforce any right or provision of these Terms will not be considered a waiver of such right or provision.

14.4 Assignment

You may not assign or transfer these Terms without our prior written consent. We may assign our rights and obligations under these Terms without restriction.

14.5 Force Majeure

We shall not be liable for any failure or delay in performance due to circumstances beyond our reasonable control, including natural disasters, war, terrorism, riots, government actions, or technical failures.

14.6 Notices

Notices to you may be made via email or through the App. Notices to us should be sent to [email protected].

15. Contact Information

For questions, concerns, or feedback regarding these Terms of Service, please contact us:

BinaryScript Private Limited
Email: [email protected]
Website: https://binaryscript.com
Address: Raipur, Chattisgarh, India - 492001

For legal notices, please send correspondence to the above address with "LEGAL NOTICE - SIP Book" in the subject line.