How does the referral wallet work?
The earnings from the referral program are updated in the referral wallet. The referral earnings for every month are only updated in the first week of the following month. For example, the referral earnings for January are updated in the referral wallet in the first week of February. To learn more about the brokerage sharing program, visit zerodha.com/z-connect/zerodha/zerodha-associate-program/referrals-just-got-more-rewarding.
For the first withdrawal request to be processed, five referrals and referral earnings of ₹1,000 are required. Following this, each withdrawal must be a minimum of ₹1,000.
Example scenario
To withdraw the first referral earnings in February as of January 31st, 5 successful referrals and referral earnings of ₹1,000 are required.
Did you know? All payouts shall be post-Tax Deducted at Source (TDS), which shall be at 5% or as per the applicable income-tax law.
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