Terms and Conditions

• The offer is effective from 1st November 2022 up to 30th November 2022
• Referred client must open account within 30 days of lead registered with VSL
• A successful referral is the one who has opened the account through your referral link with VSL, logged in to the mobile application, and generates a referral commission of ₹100/- in account opening month + 2 months
• The referee will get up to Rs.2700 referral amount in one month
• The person who is referred needs to open an account by clicking on the unique referral link that has been shared with him / her. If the referred person opens an account without clicking on the referral link, then in such case the referrer will not be eligible for the referral reward. Any person who is already registered as a lead with us, but completes the account opening journey using the link will not be eligible
• If a person has been referred by 2 individuals, then the person who has referred 1st will be considered
• The mobile no at the time of referring and opening an account should be the same
• If the details provided for referrals are incomplete/ incorrect/ invalid, the Referrer who has provided a reference shall not be entitled to any reward under the Referral Program.
• No other offer can be clubbed with this Referrer program offer during opening and account
• In case of any dispute, the decision of VSL management will be final and binding
• VSL reserves the right to withdraw this offer any time before the validity period mentioned.
• The offerings are subject to change anytime at the discretion of VSL management
• All pay-outs made to such clients under this Scheme shall be post Tax Deducted at Source (TDS) which shall be at 5% or as per Applicable Law.
• Any additional payments with respect to GST or any other such taxes, even if any such person is eligible for the same, will not be made over and above the amount eligible to be withdrawn as per the referral commision generated shown on the referral page.
• No eligible amount shall be paid out to any client, in case the Client ID/trading account of the client has been closed/deactivated for any reason whatsoever.
• The Referrer confirms having obtained the consent of the person referred for providing his/her details.
• The Referrer shall not undertake any form of selling/advisory activities w.r.t securities and shall not manage the portfolio of any person who is being referred. He/she shall strictly limit his/her role to "Referral" only.
• The Referrer shall not post the referral code on public forums without any context and spam any such groups/platforms/pages on social media.
• The Referrer shall not be a Trading Member or a Referral partner/ Introducer/ Authorized Person of any other Trading Member of any of the Exchanges.
• If any information provided by the Referrer is found to be false and incorrect, VSL shall have the right to recover the entire amount of Referral fees paid.
• This program shall not be considered as an invitation or persuasion to trade or invest. VSL and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon
• This Referral scheme is open to all residents of India holding a valid and active trading account with VSL
• The Referrer shall receive the referral incentive in the Referrer's bank within T+3 month from the date of activation of the Referee's account. i.e., Demat and Trading account is opened after complete documentation and application verification in line with the SEBI/ Exchange regulations and internal policies and procedures of VSL
• This Referral scheme does not apply to the following categories of clients: non-Individual’s clients excluding HUF, Non-Resident Indian Clients & Minors
• This Referral scheme does not apply to
  • Ventura, its Associates, Group companies, and their respective employees including their dependents
  • Authorized persons, Business Associates, and their respective employees, dependents, and clients mapped under them
  • Any other person/group/entity/category of clients as decided by VSL from time to time at its discretion