T&Cs updated on 31^st May 2023

• An introducer/ referrer is a Samco customer who refers a prospective customer to open a trading and demat account by using their unique referral link or code.
• The referred friend/ referee is a customer who opens the trading and demat account with Samco using the referral code or link of an existing Samco customer.
• Account opening date is the date when a referee successfully opens their Samco account.
• Referral bonus of brand vouchers worth ₹5,000 is the benefit that the referrers get once the referees open a Samco account.
• The referral bonus amount of up to ₹1,200 may vary across different referrers.
• The 10% brokerage sharing is the benefit that the referrers get from his/her referees, and will be credited daily in the referral wallet, as and when the referees trade. The payout of the brokerage sharing will be processed once per month.
• Only the introducers of referral accounts are eligible for the referral bonus worth up to ₹6,200.
• The referrer will be rewarded with the bonus valid at the time of referee’s account opening and not with the offers running at the time of referring.
• If the referrer has a mutual-fund-only account enabled, he/she won’t be eligible to participate in the referral program and receive the benefits.
• The referee must open a trading and demat account with Samco using the referrer’s referral link only.
• If referees trade after 30 days from their respective account registration date, the referrer will only receive the 10% brokerage sharing from those referees.
• If referee accounts are opened after 30 days from their respective account registration date, Samco has the right to remove the said referrals from under the respective introducers and consider them a direct account (which is not mapped under any referral code).
• The referral bonus (cash bonus and brand vouchers) on each referral account will be processed by the 10^th of the following month.
• The referral bonus will be capped at the first 20 successful referral accounts per month. Samco reserves the right to withhold the referral bonus of up to ₹6,200 for referrers with successful referral accounts over 20.
• Samco reserves the right to ban referrers from the referral program.
• If details of the referred client already exist in the Samco database as an existing client or as a lead client, then it will not be considered under this scheme for referral benefits, and Samco reserves the right to exclude the said accounts for the calculation of referral benefits.
• All the verification and account opening processes will be carried out by the Samco team, and the team reserves the right to reject the case depending on compliance requirements and the company’s existing policies and procedures.
• Management reserves all the rights to modify or terminate the arrangement of the scheme at any time without prior notice. The decision of Samco on all matters relating to, or in connection with the use of this offer shall be final and binding on all parties concerned.
• Samco reserves the right to carry out checks and controls as it deems fit and proper, before the credit of referral reward to the referrer.
• Introducers and referees must ensure that they have read, understood, and agree to abide by this policy, Samco’s terms & conditions, privacy policy, and policies & procedures on Samco’s websites.
• Referrer agrees that the following activities are expressly prohibited and engaging in any of these will lead to the initiation of legal and criminal action against you, and also result in immediate termination and disqualification from the referral program, forfeiture of existing referral invitations and accrued, but not yet received, referral rewards:
  • Shall not offer any scheme /plan/ brokerage cashbacks/ certificates/ medals/ gifts/ prizes/ coupons/ tokens to referees which compel them to open accounts or undertake/execute trades/transactions with Samco, in order to avail/continue to avail certain benefits under the referral program.
  • Selling, trading, bartering, or providing anything of value to your referees beyond the referral invitation or otherwise using your program invitations or rewards for promotional purposes.
  • Organizing competitions, online contests, etc.
  • Any act or omission resulting in damage to Samco in any form whatsoever in nature.
  • Spam, bulk distribution of invitations, distribution to strangers, or any other promotion of Samco’s Referral offer through invitations that would constitute or appear to constitute unsolicited commercial e-mail, SMS, publishing any article or content about Samco’s products, services, etc.
  • Advertisements of any kind or form about Samco’s product and services on mediums like pamphlets, circulars, brochures, notices or research reports, or any other literature or material published or designed for use in a newspaper, magazine, SMS, or other channels like radio, television, telephone or tape recording, video tape display, signs or billboards, motion pictures or other public media including any generally accessible websites or emails, whether in print or audio-visual form or used in workshop/seminar or public speaking or in any other manner, including social media (Facebook, Twitter, WhatsApp, Instagram, YouTube, etc), or spam under any applicable law or regulation.