The referral bonus of Rs. 500 will be credited to your Samco ledger once your referred friend opens an account with equity, mutual funds and F&O segments enabled, do a minimum pay-in (fund his/her trading account) with Rs. 5,000 (1st pay-in), and places a trade within 60 days from his/her account registration date.
If your referred friends open accounts within 60 days, but make partial payments or do a pay-in less than Rs. 5,000, or start trading after the 60th day, you and your referred friends won’t be eligible for the referral bonus of Rs. 500; you’ll still receive the 10% brokerage sharing from their trades for life!
If you refer a friend on 1st August, they open their Samco account by 5th August 2022, transfer Rs. 5,000 (1st pay-in) in their trading account, and then place a trade by 7th August 2022, you and your referred friend will receive the referral bonus of Rs. 500 by 14th August 2022.
But if they trade after 30th September 2022 (i.e. 60 days after the referral registration/ lead date), you and your referred friend won't be eligible to receive the referral bonus of Rs. 500, but you’ll still receive the 10% brokerage sharing from their trades for life.