Legal Center

Lucky Draw & Referral Disclaimer

Effective Date: May 29, 2026

Welcome to 24k Dreams Mart, operated by Bestpriceindia Private Limited (“Company,” “we,” “our,” or “us”).

This Lucky Draw, Rewards & Referral Disclaimer Policy governs participation in referral programs, wallet rewards, monthly lucky draws, and promotional benefits available through the 24k Dreams Mart platform.

By using the platform, users acknowledge and agree to the terms outlined below.


1Purpose of the Platform

24k Dreams Mart is a membership-based savings and shopping platform designed to encourage disciplined monthly contributions, shopping eligibility, referral benefits, and member engagement programs.

The platform is not an investment scheme, deposit scheme, chit fund, financial institution, lottery operator, or gambling platform.

Participation in monthly reward activities is provided solely as a promotional and engagement benefit for eligible members.

2Monthly Lucky Draw Program

The Company may organize monthly lucky draw events for eligible active members.

Eligibility Criteria

Participation is available only to:

  • Members with active membership status;
  • Users who have completed their mandatory monthly contribution;
  • Members whose accounts are in good standing.

Members with overdue payments or inactive accounts may be temporarily disqualified until pending dues are cleared.

3Lucky Draw Prizes

Lucky draw prizes may include, but are not limited to:

Bikes
Gold
Cars
Houses
Residential plots
Home appliances
Auto vehicles
Premium watches

Prize categories, availability, specifications, models, brands, or values may vary from time to time at the sole discretion of the Company.

The Company reserves the right to:

  • Modify prize categories;
  • Replace unavailable rewards with equivalent alternatives;
  • Postpone, cancel, or reschedule events;
  • Change participation criteria without prior notice.

4Winner Selection

Winners may be selected through a process determined by the Company. The Company reserves sole discretion regarding selection methods, eligibility verification, winner confirmation, and prize distribution timelines.

The Company’s decision regarding winner selection and prize eligibility shall be final and binding.

5Verification Requirements

Before prize disbursement, winners may be required to submit:

  • Government-issued identity proof;
  • Address proof;
  • Membership verification details;
  • Additional documentation required for compliance.

Failure to complete verification within the required timeline may result in prize forfeiture.

6Taxes & Government Charges

Any applicable taxes, registration charges, documentation expenses, transfer fees, or government levies associated with prizes may be the responsibility of the winner unless explicitly stated otherwise by the Company.

6ATax Deducted at Source (TDS) on Lucky Draw Prizes

In accordance with applicable Indian tax laws, including provisions of the Income Tax Act, 1961, Tax Deducted at Source (TDS) may be applicable on lucky draw prizes:

  • If the total value of any lucky draw prize exceeds ₹10,000 (Rupees Ten Thousand only), applicable TDS may be deducted as per prevailing laws before prize disbursement or transfer.
  • Winners may be required to pay or settle the applicable TDS amount and submit required documents before claiming the prize.
  • The Company reserves the right to withhold prize delivery until all applicable tax obligations are fulfilled.
  • Winners shall be solely responsible for filing income tax returns and complying with any tax liabilities arising from receipt of prizes.

Where required, TDS certificates or supporting documentation may be provided in accordance with applicable laws.

7Referral Rewards Policy

Members may receive referral rewards for inviting eligible users to join the platform.

Referral Terms:

  • Rewards are credited to the member wallet;
  • Rewards are subject to verification and successful referral qualification;
  • Self-referrals, fake accounts, or fraudulent activities are strictly prohibited.

The Company reserves the right to reject, reverse, withhold, or cancel referral rewards in cases involving suspicious activity or policy violations.

8Wallet Withdrawals

Referral earnings may be withdrawn subject to:

  • Minimum withdrawal amount of ₹100;
  • Successful account verification;
  • Transfer to the registered bank account only.

Withdrawal processing timelines may vary depending on banking and compliance verification.

9No Guaranteed Benefits

Participation in referral programs or lucky draw events does not guarantee:

  • Prize winnings,
  • Fixed earnings,
  • Guaranteed rewards,
  • Assured financial benefits.

Rewards and promotions are subject to eligibility, availability, and Company policies.

10Fraud Prevention

The Company reserves the right to suspend, investigate, or terminate accounts involved in:

  • Fake registrations,
  • Fraudulent referrals,
  • Manipulation of platform systems,
  • Misrepresentation or abuse of membership benefits.

Any fraud-related rewards or prizes may be cancelled without notice.

11Limitation of Liability

The Company shall not be responsible for:

  • Delays in prize delivery;
  • Vendor or manufacturer issues;
  • Technical disruptions;
  • Banking delays;
  • User ineligibility due to policy violations.

Participation in reward activities is voluntary and subject to platform rules.

12Policy Modifications

Bestpriceindia Private Limited reserves the right to modify, revise, suspend, or terminate any lucky draw, reward, or referral program at any time without prior notice. Updated terms become effective upon publication on the platform.

13Contact Information

Bestpriceindia Private Limited

Registered Office:
No. 12, G-9, Ground Floor, Richmond Tower, Richmond Road,
Bangalore – 560025, Karnataka, India

Website: www.24kdreamsmart.com

Email: support@24kdreamsmart.com

Phone: +91 9019334301


By participating in referral or lucky draw programs, users acknowledge that they have read, understood, and agreed to this Disclaimer Policy.