Referral amount will be paid as below:


> Rs.500/- will be credited to your SMP Ledger as soon as your friend's account is opened.  An amount of Rs.1000/- will be credited for every account referred beyond 5 accounts within a calendar quarter.


> Rs.500/- will be credited to your friend's SMP ledger as soon as the account is opened 


Check below an illustration to understand the referral amount calculation:


Friend 
Date of Account opening
Referral Amount

Friend 1
1/10/2018
500
Friend 2
14/10/2018
500
Friend 3
1/11/2018
500
Friend 4
3/12/2018
500
Friend 5
4/12/2018
500
Friend 6
15/12/2018
1000
Friend 7
16/12/2018
1000
Total
4500


AS per the above illustration, as a referrer you get Rs.4500/- for referring 7 accounts in a given quarter. 


Now lets see how the number of accounts referred in a given quarter can make a difference to your earnings:


No. of Accounts referred in a Quarter
Referral earning
5
2500
10
7500
20
17500
40
37500
100
97500


As per the above calculations you can earn Rs.97500/- if you refer 100 accounts in a quarter.


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