Note: Amount is disbursed after 14 days from the date of delivery, if no return request is initiated.
How to Participate in Money in Bank Program :-
- Sign up as a new user or sign in if existing user.
- Go to My Account section & click on Money in Bank.
- Share your exclusive Refer Code with Friends & Family. Ensure that your friends & family use your unique code while placing the order to avail instant 1% discount.
- Whatever discount value they get on their order, you get the same amount in your bank account. E.g. if they get Rs. 100 as a discount after applying your refer code, you get Rs. 100 in your bank account.
- You can start claiming money for orders that have been delivered & not returned for over 14 days. You need to claim the money in your Coolwinks account within 90 days from the time they are due to you.
- On Money in Bank section, you can keep a track of the number of orders getting placed using your refer code and the total amount due to be claimed.
- For getting the money in your bank account, you need to submit below information
- Account Holder's Name
- Bank Account Number
- IFSC Code of your Bank Account
- Pan Card Number
- Scanned Copy of Cancelled cheque to validate the bank account.
- When you submit this information, you need to check on "By accepting the above terms & conditions you agree you are 18 yrs of age and capable of entering into legal contracts. You have read all the detailed Terms & Conditions of this programme & accept the entire terms unconditionally."
- Payouts will happen between 10th to 15th of the month for all earnings made in previous month. E.g. Earnings in April would be paid in May between 10th May to 15th May.
- Valid Delivered Orders will only be considered for Payouts. Valid Orders are those which have been placed successfully without any misuse of the system or error at the end of the platform.
- The refer code needs to be entered at apply promo code section on Coolwinks by your friends & family while placing the order. You will be eligible for getting payouts only if the placed order has been delivered & has not returned during the return window.
- Entering of Refer Code at the time of order placement is mandatory for eligibility towards payouts.
- Only one refer code can be used while placing the order.
- If a person clubs any other offer over and above using the refer-code at the time of placing the order, the referrer will not be eligible for any payout. e.g. Your friend applies your refer code and gets 1% off and further chooses a wallet discount over and above this offer while making the payment, in this case, you will not receive any amount in your bank account.
- Validations done by Coolwinks would be considered final & binding.
- Coolwinks can cancel the program or change the terms of the program any time without any prior intimation.
- TDS will be deducted at 5% under Section 194H. The rate of TDS will be 20% if PAN is not quoted by the deductee.