Unique Referral Link & Code: It's crucial that the
referee opens the account exclusively through your provided referral link.
Your referral link contains your unique referral code. You can also use
your Client Code as your Referral Code. If any other link is used during
account creation or the referee clicks on any other promotional link
available online, their account won't be linked to the referrer, and
referral rewards won't apply.
Reward Credit: Upon successful referral,
your referral rewards will be credited to your Ledger Account. You can
easily withdraw this amount as per your convenience.
Referrer: A Referrer is a 5paisa customer who refers
to a prospective customer to open a Demat account by using their unique
referral link.
Referee: A Referee is a customer who opens a Demat
account with 5paisa using the referral link of an existing 5paisa
customer.
Referral Date or Lead Date: The Referral Date or the
Lead Date is the date when a referee begins his / her account opening
process for the first time.
Activation Date or Account Opening Date: The Activation date or the
account opening date is the date when a referee successfully opens the
account with 5paisa.
Referral Reward: Referral Reward is the
benefit that the Referrer gets once the referred friend successfully
activates the Demat account with 5paisa as per the terms & conditions
mentioned above.
Exclusion of Existing Clients: Referral rewards won't be
applicable if the details of the referred client already exist in the
5paisa database as an existing client or as a lead client. Such accounts
will be excluded from the calculation of referral rewards.
Referee's Account Opening: To be eligible for referral
benefits, the referee must open their 5paisa account within 90 days from
the date of referral using your unique referral link. Referrals outside
this timeframe won't be eligible.
TDS Deduction: A 5%, 10% or 20% Tax
Deducted at Source (TDS) as applicable will be deducted from the referral
fees.
Referrals Limit: You can only refer up to
20 referrals (accounts opened successfully) in a month. Any referrals
beyond this limit in a given month won't qualify for rewards.
Management Rights: The management reserves
the right to modify, amend, or terminate this scheme without prior notice.
Combination of offers: No two referral offers can
be combined at any given point. Users can qualify under only one offer in
each active month.
The referrer will receive the referral reward
for each referral once the referee account is activated i.e. Demat and
trading account is opened after complete document & application
verification is in line with the SEBI / Exchange regulations, and internal
policies and procedures of the company.
The ledger credit will be made as per the
5paisa payment settlement policy basis the mentioned terms and conditions.
If details of the referred client already
exist in the 5paisa database as an existing client or as a lead client,
then it will not be considered under this scheme for referral reward
benefits, and 5paisa reserves the right to exclude the said accounts for the
calculation of referral rewards.
All the verification and account opening
processes will be carried out by the 5paisa team, and the team reserves
the right to reject the case depending on compliance requirements and the
company’s existing policies and procedures.
Management reserves all the right to modify or
terminate the arrangement of the scheme at any time without prior notice.
The decision of 5paisa on all matters relating to, or in connection with
the use of, this offer shall be final and binding on all parties
concerned.
5paisa reserves the right to carry out checks
and controls as it deems fit and proper before the credit of referral
reward to the referrer.
Each referral reward winner will be
scrutinized under the “referral quality check committee” before crediting
the reward money to his ledger.
Referrer agrees that the following activities
are expressly prohibited and engaging in any of these will lead to the
initiation of legal and criminal action against you, and result in
immediate termination and disqualification from the Referral Program,
forfeiture of existing referral invitations and accrued, but not yet
received, referral rewards.