Why was the referral not mapped even though the affiliate link was shared?
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 clarification. However, 300 reward points will still be given for each successful referral.
A referral may not be mapped for the following reasons:
- If a prospect has registered with Zerodha by entering their contact details on the Zerodha website and later completes the account opening process using the referral link.
- A referral is valid for 60 days. If the referral opens an account after this, the referral mapping will not be done.
- Referral mapping will not be applicable for clients who close and reopen their accounts.
To learn more about the terms and conditions of the referral programme, visit zerodha.com/tos/referrals.
To view the list of referrals and their account opening status, follow these steps:
- Login to console.zerodha.com.
- Click on the Client ID.
- Click on Rewards & referrals.
- Click on View Referrals.
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