Terms & Conditions

1. Successful referral implies that referee has opened an account with sbi securities within 30 days of registration.

2. This offer is valid from 1st November 2022.

3. The referrer will be eligible for the referral reward of Rs. 300 (Cash/Voucher), once the referee account is activated with minimum one trade i.e. Demat and Trading account is opened after complete documentation & application verification in line with the SEBI / Exchange regulations and internal policies and procedures of the company with minimum one trade. The referrer has to claim the issued voucher within 60 days to avail referral reward of Rs.300. The referrer will receive the referral reward of Rs.300 (Cash/Voucher) within 45 working days, after the reward has been claimed.

4. The Referrer will not be eligible for referral rewards, if referred customer account closes within 30 days from the date of account opening.

5. The referrer can avail referral benefit for a maximum of 50 referrals in a month. The referrer will not be eligible for any additional referral benefit beyond 50 successful referrals in a month.

6. The referrer will additionally receive up to Rs. 400 as brokerage reversal, if the referred customer places 3 trades in Equity or F&O segment within 60 days of account opening.

7. The additional reward of Rs. 400 will be credited as brokerage reversal within 30 working days of the same being eligible as per criteria mentioned in pt. 6.

8. The additional reward of Rs.400 brokerage reversal will be valid for 6 months. If the referrer is unable to utilize partly/fully the same it shall get expired.

9. Referrer will be rewarded with the current referral offers and not with the offers running at the time of referring in case referee has converted post expiry of old referral offer.

10. If the referee is already registered in the sbi securities database as an existing client or potential client, then it will not be considered as a valid referral and the same will be devoid of the Referral Program.

11. Referrer cannot combine this offer with any other offer, which might be available from time to time.

12. sbi securities reserves the right to amend the terms and conditions governing this offer at any time without prior notice and to carry out checks and controls as it deems fit and proper, before the credit of referral reward to the referrer which shall be binding on all the parties concerned.

13. You agree that the following activities are expressly prohibited and engaging in any of these will lead to 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:

    • Spam, bulk distribution of invitations, distribution to strangers or any other promotion of sbi securities referral offer through invitations that would constitute or appear to constitute unsolicited commercial e-mail, sms, publishing any article or content about sbi securities Ltd products, services etc.

    • Advertisement of any kind in any form on any medium print, audio visual form, web etc or spam under any applicable law or regulation

    • Fraud, attempted fraud or abuse of the sbi securities referral offer or these Terms & Conditions

    • Selling, trading, bartering or providing anything of value to your invitee beyond the referral invitation or otherwise using Your Program invitations or Rewards for promotional purposes

    • Organizing competition, contests online, posting content about sbi securities etc.

    • Any act or omission resulting in damage to sbi securities in any form whatsoever in nature

14. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. sbi securities and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon.

15. In case a same account is referred by two clients the one who has referred first shall be entitled to receive the referral benefit.

16. Employees of sbi securities cannot participate in this Refer & Earn program. Employees will not receive any referral benefit in case they participate and refer customers via Refer & Earn program.

17. SVP customers are eligible for Rs 300 reward only. Rs 400 brokerage reversal is not applicable to them.

18. This "Refer and Earn" program is strictly meant for clients. Hence, all employees of sbi securities are not eligible for this "Refer & Earn" program.

19. The referrer is required to confirm acquiring the consent of the referee before providing his/her details.