Samco securities limited

Invite friends
& earn 500

Trading and investing is better with friends. Invite friends to Samco and earn 500, 10% lifetime brokerage sharing, and more. Your friends get 500 too!

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Samco Referral Program

Referral benefits

Now you and your friends can enjoy a host of benefits just by introducing them to the trading universe of Samco!

Benefits for you

500*

Referral bonus for you.

1

10%

Brokerage commission from your friends' trades.

2

500*

On StockBasket purchases by your friend.

3

Benefits for your friends

500*

Referral bonus for your friend.

1

100%

Brokerage cashback for 1st month on Samco.

2

3-easy steps to win rewards

Share your referral link

Share your referral link with your friends via WhatsApp, Telegram, or other social apps.

Nudge friends to open Samco A/c

Nudge your friends to sign up and open a free Samco account using your referral link within 60 days.

Encourage them to trade

Encourage your friends to place their 1st trade within 60 days to receive the referral bonus of
500 per referral.

Why our clients love us

Shraddha Santosh Padad

Mumbai, Maharashtra

I have been using Samco’s trading app since 2019 now and i can say it is definitely a user-friendly app. I had no idea how to trade but I am learning new things from this everyday. I had referred this app to my friend as well and got free trades.

Prachi Dinesh Jadhav

Mumbai, Maharashtra

GTT ORDERS are good. I have used them on Samco trading app and it is actually a good feature that help u to place orders at the right time. I have told this to my friends and they also tried it out, we both got referral rewards

Pankaj Nana Gaikwad

Mumbai, Maharashtra

My friend had referred me to samco and I am a big fan of their stockbasket app. I personally dont know what stocks i should buy, but stockbasket is reliable. Thank you Samco.

FAQ’s

Q
How does Samco’s Referral Program work?
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A

Refer a friend to Samco and you’ll both receive the following benefits:

Referral benefit for you:

  • Rs. 500 referral bonus when your referred friend opens a Samco account, do a minimum pay-in (fund his/her trading account) with Rs. 5,000 (1st pay-in) and starts trading within 60 days from his/her account registration date.
  • 10% brokerage sharing from your referred friends, for life.
  • Rs. 500 when your friend invests in StockBasket worth Rs. 25,000 within 1 year of account opening.

Referral benefit for your friends:

  • Rs. 500 when they open a Samco account, do a minimum pay-in (fund his/her trading account) with Rs. 5,000 (1st pay-in) and start trading within 60 days from their account registration date.
Q
What are the eligibility conditions to receive the referral bonus of Rs. 500?
+
A
  1. You must hold a Samco account with equity and F&O derivatives (both) trading segments enabled to receive the Rs. 500 referral bonus. If you have only equity segment enabled, you’re eligible to refer someone but you’ll receive only the 10% brokerage sharing from them, for life.
  2. Referral accounts must be opened within 60 days from their respective account registration date.
  3. The referred friend must make a minimum pay-in (fund his/her trading account) with Rs. 5,000 (1st pay-in) and start trading within 60 days from his/ her account registration date. If your referred friends make partial payments or do a pay-in less than Rs. 5,000, you won’t be eligible for the referral bonus of Rs. 500; you’ll still receive the 10% brokerage sharing from them.
  4. Mutual-fund-only referral accounts will not be eligible to receive the referral bonus of Rs. 500. Moreover, your referred friends must open a 3-in-1 account with all the trading segments enabled (i.e. equity cash, mutual fund, and future & options).
Q
Is there any limit to referring clients?
+
A

Yes. The referral bonus of Rs. 500 will be capped at 50 referral accounts opened after 1st August 2022.

Post 50 referrals, you as the introducer, will still receive the 10% brokerage commission from the referred friends in your referral wallet, as and when they trade.

Q
What is the referral bonus?
+
A

Once your referred friend opens a Samco account with equity, mutual funds and F&O segments enabled, makes a minimum pay-in (fund his/her trading account) with Rs. 5,000 (1st pay-in), and starts trading via our platforms within 60 days, you and your referred friend will earn a guaranteed one-time referral bonus/ cash incentive of Rs. 500 in Samco ledger!

This bonus of Rs. 500 is a special reward for onboarding and encouraging your friend to trade via the Samco platforms.

Example: You invite your friend on 1st August 2022, they open their account with all trading segments enabled by 5th August, transfers Rs. 5,000 (1st pay-in) in their trading account and then place their 1st trade by 10th August, you and your referred friend will receive the one-time referral bonus of Rs. 500 by 17th August 2022 Samco ledger.

Q
When will I get the referral bonus of Rs. 500?
+
A

The referral bonus of Rs. 500 will be credited to you and your referred friend's Samco ledger within 7 working days once your friend transfers Rs. 5,000 (1st pay-in) in his/her trading account and places a trade. The conditions of account opening, minimum pay-in, and 1st trade must be met within 60 days from his/her account registration date.

Q
How will I get the referral bonus of Rs. 500?
+
A

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!

Example:
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.

Q
What is the referral commission?
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A

Once your referred friend opens their Samco account and starts trading, you will receive 10% commission on their spent brokerage, for life.

Example: If your referred friend spends Rs. 10,000 in brokerage cost, you'll receive Rs. 1000 (i.e. 10% of the spent brokerage)

Q
How will I get the referral commission?
+
A

The 10% brokerage commission will be credited daily in your referral wallet, as and when your referred friend spends brokerage at Samco.

Your accumulated brokerage commission for the current month can only be withdrawn in the next month, when the withdrawal balance crosses Rs. 2,000.

Once the withdrawal request is placed, you'll receive the amount in your primary bank account by the 10th of the following month.

Example: If your referral commission accumulates to Rs. 1,000 in June 2022 and Rs. 1,000 in July 2022, your clear withdrawal balance for August is Rs. 2,000, which can be withdrawn in August 2022, and you’ll receive the amount by 10th September 2022.

Q
What will my referred friends get?
+
A

Once your referred friend opens his/ her Samco account with all trading segments enabled, makes a minimum pay-in (fund his/her trading account) of Rs. 5,000 (1st pay-in) and trades within 60 days, you and your referred friend will receive the referral bonus of Rs. 500, each, within 7 working days from his/her 1st trade date.

This referral bonus will be credited directly to yours and your friend's Samco ledger.

Q
What is the StockBasket referral benefit?
+
A

If your referred friend invests Rs. 25,000 in StockBasket within 1 year from their account opening date, you'll receive additional Rs. 500 as cash bonus in your Samco ledger.

Example: You refer a friend on 1st August 2022, they open their account on 5th August 2022 and invest in StockBasket worth Rs. 25,000 by 10th August 2022, you'll receive another Rs. 500 as cash bonus.

If they invest in StockBasket after 6th August 2023 (i.e. 365 days after their account opening date), you won't be eligible to receive the StockBasket referral benefit.

Q
Why can't I see my pending referrals after 60 days?
+
A

Your pending referrals (i.e. referrals whose account application is incomplete) will be visible only for 60 days from their respective registration date.

If they open their Samco account with all trading segments enabled, make a minimum pay-in (fund his/her trading account) of Rs. 5,000 (1st pay-in) and trade within 60 days from their respective registration date, you'll receive the referral bonus of Rs. 500 in your Samco ledger. Their details will be visible under “Successful referrals” in the referral table.

Moreover, you'll also receive the 10% brokerage commission from their trades for life in your referral wallet.

After the 60th day, if your referred friend has not completed his/her account application, you won’t receive any referral benefit and such referral will be unlinked from your account; Samco will consider them a direct account (which is not mapped under any referral code).

Q
Where can I see my previous referral benefit of free trades?
+
A

Referral accounts opened before 1st August 2022 that were eligible for the benefit of free trades, will be displayed under the “Old Scheme” inside the ‘Successful Referral’ tab. You can find the details of the free trades received against each referral account on Samco Star. Visit Samco Star —>

Terms & conditions

T&Cs updated on 24th August 2022

  • An introducer/ referrer is a Samco customer who refers a prospective customer to open a trading and demat account by using their unique referral link or code.
  • The referred friend/ referee is a customer who opens the trading and demat account with Samco using the referral code or link of an existing Samco customer.
  • The referral registration date is the date when a referee submits their personal details and begins their account opening process for the first time.
  • Account opening date is the date when a referee successfully opens their Samco account.
  • Referral bonus of Rs. 500 is the benefit that the referrers and referees get once the referees successfully open their Samco demat and trading accounts, make a minimum pay-in (fund their trading account) with Rs. 5,000 (1st pay-in and not in partial payments), and start trading within 60 days from their referral registration date.
  • Only the referral accounts opened after 1st August 2022, along with their respective referrers/ introducers are eligible for the referral bonus of Rs. 500.
  • The 10% brokerage commission is the benefit that the referrers get from his/her referral accounts, and will be credited daily in the referral wallet, as and when the referrals trade. The payout of the brokerage commission will be processed as per Samco's payment settlement policy.
  • The referrer must hold equity and F&O derivatives (both) trading segments enabled to receive the referral bonus of Rs. 500. If the referrer has only equity segment enabled, they are eligible to refer someone but he/she will receive only the 10% brokerage sharing from the referee in his/her referral wallet, as and when the referred person trades.
  • If the referrer has a mutual-fund-only account enabled, he/she won’t be eligible to participate in the referral program and receive the benefits.
  • The new referee accounts must be opened with all the trading segments enabled (i.e. equity cash, mutual fund, and future & options) to receive the referral bonus of Rs. 500.
  • The referee must open a trading and demat account with Samco using the referrer’s code only.
  • Referees must ensure that the minimum pay-in of Rs. 5,000 is made before the 1st trade. Referees making partial payment of the requisite amount is not eligible for the referral bonus of Rs. 500 and so are their respective introducers/ referrers.
  • If referees trade after 60 days from their respective lead registration date, the referrer will only receive the 10% brokerage sharing from those referees.
  • If referee accounts are opened after 60 days from their respective lead registration date, Samco has the right to remove the said referrals from under the respective introducers and consider them a direct account (which is not mapped under any referral code).
  • The ledger credit of Rs. 500 referral bonus on each referral account will be made as per the Samco payment settlement policy.
  • The referral bonus of Rs. 500 will be capped at first 50 referral accounts. Samco reserves the right to withhold the referral bonus of Rs. 500 for referrers with referral accounts over 50; nevertheless, the referrers will still receive the 10% brokerage commission in their referral wallet from their respective referral accounts, as and when they trade.
  • The purpose of Samco’s referral program is to get high-quality customers (stock market participants) who are willing to invest in equity markets via stocks and mutual funds. Any referrers & referees found to be opening accounts only with the intention to claim the referral bonus reward may be banned from the referral program and will not be eligible for any referral scheme benefits. Samco reserves the right to ban such referrers.
  • Samco reserves the right to move the referrers with more than 25 successful referral accounts to the Samco partner program without any prior notice or intimation.
  • If details of the referred client already exist in the Samco database as an existing client or as a lead client, then it will not be considered under this scheme for referral benefits, and Samco reserves the right to exclude the said accounts for calculation of referral benefits.
  • All the verification and account opening processes will be carried out by the Samco 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 rights to modify or terminate the arrangement of the scheme at any time without prior notice. The decision of Samco on all matters relating to, or in connection with the use of this offer shall be final and binding on all parties concerned.
  • Samco reserves the right to carry out checks and controls as it deems fit and proper, before the credit of referral reward to the referrer and referee.
  • 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 also result in immediate termination and disqualification from the referral program, forfeiture of existing referral invitations and accrued, but not yet received, referral rewards:
    • Selling, trading, bartering, or providing anything of value to your referees beyond the referral invitation or otherwise using your program invitations or rewards for promotional purposes.
    • Organizing competitions, online contests, etc.
    • Any act or omission resulting in damage to Samco in any form whatsoever in nature.
    • Spam, bulk distribution of invitations, distribution to strangers, or any other promotion of Samco’s Referral offer through invitations that would constitute or appear to constitute unsolicited commercial e-mail, SMS, publishing any article or content about Samco’s products, services, etc.
    • Advertisements of any kind or form about Samco’s product and services on mediums like pamphlets, circulars, brochures, notices or research reports, or any other literature or material published or designed for use in a newspaper, magazine, SMS, or other channels like radio, television, telephone or tape recording, video tape display, signs or billboards, motion pictures or other public media including any generally accessible websites or emails, whether in print or audio-visual form or used in workshop/seminar or public speaking or in any other manner, including social media (Facebook, Twitter, WhatsApp, Instagram, YouTube, etc), or spam under any applicable law or regulation.