Terms & Conditions: More Friends, More Rewards! - Client referral program
- The Client Referral Program offer is being provided by Axis Securities Limited (hereinafter referred to as ASL).
- The offer of Rs. 500 Brokerage CashBack, from the brokerage generated by the referral (person referring), is subject to satisfying the below criterias:
- The referred client's accounts should be opened by “M+1” Month where M being the month of referral (M+1 month hereafter is referred to as
Validity period)
- The Brokerage Cashback of Rs. 500 is for each successful referral done.
- The client should have generated the brokerage in his personal trading account in M or M+1 month.
- The eligibility under the offer will be calculated only at the end of the validity period. For e.g. if Client A has referred B, C, D, E & F on Nov 2, 2013 and by end of December 31, 2013, only B and D open their accounts. In this case, as only 2 accounts are opened within the validity period of the offer, the eligibility of brokerage cashback will be only Rs. 1,000 to be given after December 31, 2013.
- The referral shall receive the eligible brokerage Cashback by 15th of M+2 Month, provided the referral has already generated the required brokerage in his personal trading account in M or M+1 Month. Brokerage will be charged as per existing tariff plan. e.g. If clients has successfully referred 2 clients he will get brokerage cashback equal to brokerage generated in M & M+1 month OR Rs. 1,000 whichever is less.
- The minimum statutory brokerage of 1 paisa per share/unit will be retained. Service Tax and other statutory taxes collected will not be refunded.
- The Brokerage Cashback provided by ASL under this offer is non-transferable.
- The accounts opened from the referrals beyond the validity period shall stand nullified towards the eligibility under the offer.
- Employees of Axis Group, franchise and employees of Franchisees/ASL are not eligible to participate in this offer, even though their name might appear in the list.
- For any disputes pertaining to the Client Referral Program, the decision of the management of ASL will be final and binding.
- ASL reserves the right to cancel / amend the terms of the offer at any time during the duration of the offer without any notice.
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