The amount of referral that will be credited to your account will depend upon the brokerage plan selected by your referral.
For e.g : If your referral selects monthly plan of 999 and he starts trading in his account, then at month end, 20% of 999 i.e Rs.199.80/- will be credited in your trading account.
Or if he opts for Rs.9/- per trade plan and generates a brokerage of Rs.2000/- in his account in the month, then 20% of 2000 i.e Rs.400/- will be credited in your trading account.
The credited amount will increase as per the below mentioned slab :
|Total Brokerage from referrals:||You Earn|
|0 – 10000||20%|
|10000 – 25000||30%|
|25000 – 50000||40%|
Note : Brokerage is calculated as per Calender Month basis only i.e from 01st of every month till 30th / 31st of that month. Referral amount will be credited in your trading account only at month end, which can be verified by logging into your Online Back Office portal.