Private unlisted equity trades are settled via NSDL/CDSL off-market transfer codes. Once a transfer is initiated and executed at the depository level, it cannot be unwound or refunded under any conditions.
If a client decides to cancel an order AFTER funding but BEFORE the depository transfer codes are generated, a 100% refund is processed within 7 to 14 business days, minus standard bank transactional costs or processing fees already incurred.
If Invriddhi is unable to secure the target lot allocation from private sellers after funding has occurred, the entire transaction amount will be refunded to the client's verified bank source within 7 business days, without any fee deductions.
All cancellation and refund requests must be submitted in writing to the settlements desk at info@invriddhi.com, including the bank receipt details.
