Starting June 1, 2026, if you refer someone who opens an account and starts trading, you'll earn 10% of the brokerage they generate, plus 300 reward points. The 300 reward points have always been part of the programme. Brokerage sharing was paused in August 2024 following an
exchange circular
and is live again.
Withdrawal requests under the brokerage sharing referral programme may not be processed for the following reasons:
- You have not referred at least 3 accounts in the last 12 months.
- One or more of your referred accounts have a debit balance.
- The referral earnings have not yet reached the minimum withdrawal amount of ₹100.
- The referred account was closed and later reopened, making it ineligible for referral payouts.
- One or more referred accounts were opened in the current month. Referral brokerage is calculated based on completed calendar months and becomes eligible in the following month's payout cycle.
See Terms & Conditions for Referral Incentive Scheme Policy for more information.