Terms & Conditions: More Friends, More Rewards! - Client referral program

  1. The Client Referral Program offer is being provided by Axis Securities Limited (hereinafter referred to as ASL). 

  2. The offer of Rs. 500 Brokerage CashBack, from the brokerage generated by the referral (person referring), is subject to satisfying the below criterias: 

    1. 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)

    2. The Brokerage Cashback of Rs. 500 is for each successful referral done. 

    3. The client should have generated the brokerage in his personal trading account in M or M+1 month. 

  3. 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. 

  4. 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. 

  5. The minimum statutory brokerage of 1 paisa per share/unit will be retained. Service Tax and other statutory taxes collected will not be refunded.

  6. The Brokerage Cashback provided by ASL under this offer is non-transferable.

  7. The accounts opened from the referrals beyond the validity period shall stand nullified towards the eligibility under the offer.

  8. 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.

  9. For any disputes pertaining to the Client Referral Program, the decision of the management of ASL will be final and binding.

  10. ASL reserves the right to cancel / amend the terms of the offer at any time during the duration of the offer without any notice.