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.
No, reward points do not expire. They can be accumulated and redeemed to subscribe to Zerodha partner products and are non refundable. The reward points required for each partner product can be viewed under
Rewards
by logging into
console.zerodha.com/refer.
