{"id":241852,"date":"2020-01-10T14:25:21","date_gmt":"2020-01-10T08:55:21","guid":{"rendered":"https:\/\/zerodha.com\/z-connect\/?p=241852"},"modified":"2024-08-20T13:45:36","modified_gmt":"2024-08-20T08:15:36","slug":"referrals-just-got-more-rewarding","status":"publish","type":"post","link":"https:\/\/zerodha.com\/z-connect\/console-3\/referrals-just-got-more-rewarding","title":{"rendered":"Referrals just got more rewarding!"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>According to the exchange circular <a href=\"https:\/\/nsearchives.nseindia.com\/content\/circulars\/INSP63425.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">(PDF),<\/a> beginning August 15, 2024, brokers are prohibited from paying referral commissions to individuals not registered as an Authorised Person (AP). As a result, Zerodha will not be permitted to pay the 10% brokerage generated by referrals through the referral programme from August 25, 2024, until the exchange provides further clarification. However, 300 reward points will still be given for each successful referral.<\/strong><\/p>\n\n\n\n<p>When you refer a client to Zerodha, we credit you with 300 reward points for each referral. These reward points can be used to subscribe to our premium products and partner services (more <a href=\"https:\/\/zerodha.com\/z-connect\/tradezerodha\/console-3\/referrals-and-rewards\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>). We\u2019ve also been following up with the exchanges to allow a percentage sharing of brokerage like we offered for referring until April 2018, which we had to stop since there was no regulation that explicitly allowed sharing of brokerage revenue with clients. The exchange recently published <a href=\"https:\/\/www1.nseindia.com\/content\/circulars\/INSP43029.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">this circular<\/a> that allows brokers to now offer such incentives. So, along with the current rewards programme, you will now earn 10% of the brokerage paid by anyone you referred from Jan 1st, 2020.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><a href=\"https:\/\/console.zerodha.com\/refer\" style=\"padding: 10px 15px; border-radius: 3px; background: #377ed1; color: #fff; text-decoration: none;\" target=\"_blank\" rel=\"noopener\">Refer now<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-how-does-it-work\">How does it work?<\/h3>\n\n\n\n<p>Refer your friends on <a href=\"https:\/\/console.zerodha.com\/refer\" target=\"_blank\" rel=\"noopener noreferrer\">Console<\/a>, or share a referral link from <a href=\"https:\/\/zerodha.com\/associates\" target=\"_blank\" rel=\"noopener noreferrer\">our website<\/a>, and earn 10% of the brokerage they pay if they open an account using your referral link. That\u2019s it! It\u2019s that simple!<\/p>\n\n\n\n<p><b>Note: <\/b>The minimum payout under this programme has to be Rs.1000 for you to be able to withdraw your referral earnings. We will start processing withdrawal requests for this referral bonus from April 1, 2020. Here are the <a href=\"https:\/\/zerodha.com\/tos\/referrals\" target=\"_blank\" rel=\"noopener noreferrer\">terms &amp; conditions<\/a> to participate in the referral programme.<\/p>\n\n\n\n<p>We have always taken the approach of building the best products for you and let word-of-mouth marketing work for us. \ud83d\ude42 Do spread the word!<\/p>\n\n\n\n<p>Best,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the exchange circular (PDF), beginning August 15, 2024, brokers are prohibited from paying referral commissions to individuals not registered as an Authorised Person (AP). As a result, Zerodha will not be permitted to pay the 10% brokerage generated by referrals through the referral programme from August 25, 2024, until the exchange provides further [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":241854,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[481,531],"tags":[],"class_list":["post-241852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-console-3","category-general"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.5 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Referrals just got more rewarding! &#8211; Z-Connect by Zerodha<\/title>\n<meta name=\"description\" content=\"According to the exchange circular (PDF), beginning August 15, 2024, brokers are prohibited from paying referral commissions to individuals not registered\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/zerodha.com\/z-connect\/console-3\/referrals-just-got-more-rewarding\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Referrals just got more rewarding!\" \/>\n<meta property=\"og:description\" content=\"According to the exchange circular (PDF), beginning August 15, 2024, brokers are prohibited from paying referral commissions to individuals not registered\" \/>\n<meta property=\"og:url\" content=\"https:\/\/zerodha.com\/z-connect\/console-3\/referrals-just-got-more-rewarding\" \/>\n<meta property=\"og:site_name\" content=\"Z-Connect by Zerodha\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/zerodha.social\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-10T08:55:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-20T08:15:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2020\/01\/Referal-got-more-rewarding.png\" \/>\n\t<meta property=\"og:image:width\" content=\"708\" \/>\n\t<meta property=\"og:image:height\" content=\"375\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Nithin Kamath\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nithin0dha\" \/>\n<meta name=\"twitter:site\" content=\"@zerodhaonline\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nithin Kamath\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/zerodha.com\/z-connect\/console-3\/referrals-just-got-more-rewarding\",\"url\":\"https:\/\/zerodha.com\/z-connect\/console-3\/referrals-just-got-more-rewarding\",\"name\":\"Referrals just got more rewarding! 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