Apart from you, here are some of the exciting awards that your friend will grab by using the 5paisa refer and earn feature:
No account opening fee
Credit worth ₹250
No brokerage for a month.
Along with such benefits, your friend also gets to avail lowest 5paisa brokerage across various segments.
Furthermore, there’s no min or max number of referrals. One can open an infinite number of accounts, without any boundary.
5paisa Refer and Earn Terms and Conditions
Using 5paisa refer and earn comes with certain T&C’s. Here are some of these terms and conditions that one must be aware of before opting for this feature:
By sharing a referral code, the referrer approves to receive ₹250 credit in his account.
₹500 is only paid once i.e. while referring for the very first time after an account has been opened.
The amount will only be shared with the Referrer once the Demat account has been activated and all the documentation has been done.
The referee will be eligible for points worth ₹250 which will expire if not utilized within 30 days of its credit in the ledger. The credit cannot be withdrawn however it can be utilized to trade or can be invested in Mutual Funds.
The referee will get a complete brokerage amount in the initial month. However, from next month, he will be availing 12.5% of the brokerage amount.
Along with these, the below terms and conditions will be mandatorily executed on the Demat account holder while proceeding with the 5paisa refer and earn feature:
Once the account has been activated, the amount (brokerage) will be credited within 5 days.
TDS at applicable rates shall be deducted from the fees so paid.
No special awards or recognition will be given if the given customer already exists in the 5paisa database.
Management reserves all the rights to modify or terminate the arrangement of the scheme at any time without prior notice.
Having a good experience with a broker makes you feel comfortable and gives you a sense of security and safety. Further, when availing of such a good experience, one does feel like sharing it with others.
Plus, if sharing such services gives you some exciting awards and gifts then it’s like another cherry on top. Open a demat account today and start sharing with your friends to earn maximum benefits!