Comment on Zerodha Partner Program - Refer Clients

Mahesh Patil commented on 31 Jan 2017, 08:54 AM

Hi Nithin,

I had raised a query recently, on how to withdraw from wallet as i am crossing 10000 mark, but i got this reply that the commissions via referall earned by me cannot be released because of a notification form regulator.

My only Question is :

Team Zerodha should have updated at least via the ZLM Partner channel that such circular has come in where commissions cannot be released.. why wasnt it done?

Reply from Support.Zerodha
“Recently we received a notification form regulator that commission can be shared only if a person registered as authorized person in the Exchange. We are discussing with exchange whether individual clients also need to register as authorized person with exchange. We are looking forward for a exchange confirmation. It may take another two weeks since exchange team is describing the set of rules or bylaws. Till that time we request your co-operation and we will revert to you at the earliest.”

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