Referral credit will effected into your SMP Ledger (wallet) on the following conditions:
> your friend's account should be opened with Tradeplus
> your friend should clock a volume of Rs.50000/- within 30 days of account opening .
> An amount of Rs.1000/- will be credited to your account for every account activated beyond 5 accounts within a calendar quarter.
Check below an illustration to understand the referral amount calculation:
Date of Activation *
* Date of activation is the date on which your friend completes a volume of Rs.50000/-. Trades done across all segments will be taken into account for calculating the volumes. In case your friend trades in Options, the volume will be calculated on strike price and not on premium
AS per the above illustration, as a referrer you get Rs.4500/- for referring 7 active 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 Active Accounts referred in a Quarter
As per the above calculations you can earn Rs.97500/- if you refer 100 active accounts in a quarter.
Need more details? Email email@example.com