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