Comment on Referrals just got more rewarding!

Matti commented on 14 Jan 2020, 01:43 PM

Hey Sanjay, if someone whose PAN is already in our system, closing that account and re-opening with the same PAN will not entitle you to referral benefits. We were asked to stop the referral benefit we offered earlier in an exchange inspection because there was no clarity on whether or not it is allowed. We have been following up with the exchanges ever since to get clarity on this. Since NSE published the circular on December 26th (link in post above) allowing this, we are starting the referral programme anew. Since the referrals before now and after April 2018 were made when this programme wasn’t in place, sharing brokerage for all those accounts isn’t something we’d consider.

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