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TERMS AND CONDITIONS

  1. Referrer will earn rewards from any 1 of the below slab:
    1. Amazon Gift Voucher worth ₹1,000 will be given if referee opens account with minimum margin of ₹ 25,000 or minimum Value Pack of ₹ 3,000.
    2. Amazon Gift Voucher worth ₹ 500 will be given if referee opens account with margin between ₹ 2,000 and ₹ 25,000 or Value Pack of ₹ 2000.
    3. Amazon Gift Voucher worth ₹ 250 will be given if referee opens account with margin below ₹ 2,000. Referrer can earn on maximum 10 accounts per month.
  2. Rewards would be given only if the referee activates his/her account within 30 days of referral given.
  3. Referee will earn Digital Gold worth ₹ 1,000 on activating his/her account within 30 days of referral given, subject to minimum margin of ₹ 25,000 or minimum Value Pack of ₹ 3,000.
  4. All the rewards will be credited to the referrer & referee account within 60 days of account activation.
  5. The Gift vouchers will be sent to referrer’s registered email id
  6. This offer is effective 1st May 2021
  7. Value of Gold will vary according to live rate of gold.
  8. Margin should be added within T+15 days.
  9. If a person is been referred by 2 individuals, then the person who has referred 1st will be considered.
  10. The mobile no at the time of referring and opening an account should be the same.
  11. If multiple account of the same family are referred then only one account will be considered for referral pay-out.
  12. This Offer is valid only for NON – MOFSL customers only. Referrer should not have account with MOFSL.
  13. 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.
  14. Account opening in equity and commodity segment will be considered. If account opened in commodity segment, then instead of Digital Gold, client will receive cash benefits in ledger.
  15. The Referrer confirms of having obtained the consent of the person referred for providing his/her details.
  16. In case of any dispute, the decision of MOFSL management will be final and binding.
  17. No other offer can be clubbed with this Referrer program offer during opening and account.
  18. Minor accounts are not eligible for referral offer.
  19. MOFSL reserves the rights to withdraw this offer any time before the validity period mentioned.
  20. Me-Gold is not an approved product of Exchange & any dispute related to settlement and valuation of Me-Gold will not be dealt at Exchange platform.
  21. This product “Refer and Earn” is available only on Exchanges NSE, BSE and NCDEX.
  22. ME-Gold is a Digital Gold product by Motilal Oswal Financial Services Limited, in partnership with MMTC PAMP Private limited. In which we offer platform to customer whosever willing to buy & sell digital gold online, MMTC PAMP buys on behalf of client and stores at their facilities. These are not Exchange traded products and the Trading Member is just acting as distributor. All disputes with respect to the distribution activity would not have access to Exchange Investor Redressal Forum or Arbitration mechanism.

Agreement applicable to Introducer/Referrer

  1. During the period of the contract, the Introducer will be paid referral reward as per the details given below:-
    1. Amazon Gift Voucher worth ₹1,000 will be given if referee opens account with minimum margin of ₹ 25,000 or minimum Value Pack of ₹ 3,000.
    2. Amazon Gift Voucher worth ₹ 500 will be given if referee opens account with margin between ₹ 2,000 and ₹ 25,000 or Value Pack of ₹ 2000
    3. Amazon Gift Voucher worth ₹ 250 will be given if referee opens account with margin below ₹ 2,000. Referrer can earn on maximum 10 accounts per month.
    4. Rewards would be given only if the referee activates his/her account within 30 days of referral given.
  2. The referring person should not undertake any form of selling/advisory activities w.r.t securities and should not manage the portfolio of any person who is being referred. He/she should strictly limit his/her role to “Referral” only.
  3. The referred client shall not be subjected to any kind of trade inducement by the referring person and it shall be ensured that all instructions for placement of orders are obtained from the respective clients only.
  4. All the details/information pertaining to the client shall be maintained confidentially and the same should not be disclosed to any person except as required under any law/regulatory requirements or with the express written permission of the client.
  5. All correspondences viz. contract notes, daily margin statement, and statement of accounts, Annual global transaction statements etc. should be sent to the respective client only and under no circumstances will go to the referring person.
  6. The referring person cannot conduct IPV/OSV.
  7. Incentive amount should not be recovered from the client being referred and no obligation whatsoever should be cast on such client. There should be no financial transaction between the referred client and the referring person under the arrangement.
  8. Member shall be directly and wholly liable in case of any dispute w.r.t. referral program/incentive scheme or calculation of referral income between broker-referred/ referring person.
  9. The Introducer shall not solicit or endeavor to entice, directly or indirectly any client introduced by him to MOFSL to obtain services of any competitor of MOFSL.
  10. The Introducer will not divulge to any person or utilize any of confidential information pertaining to Holding or Associate companies of MOFSL or any other information in connection with the business procedures etc., which he/she may possess by reason of his/her association with MOFSL to any person or entity outside MOFSL.
  11. The Introducer shall not use any material other than the written material provided by MOFSL for promotion of MOFSL products.
  12. The Introducer shall not assure any returns or make any presentation to the prospective customers, which is not authorized, approved and provided by MOFSL.
  13. The Introducer shall make aware the prospective customer of all the terms and conditions as provided by MOFSL, for availing the products of MOFSL and shall not make any misrepresentation or false promises to the prospective customer.
  14. The Introducer shall have no authority to prescribe the brokerage rates applicable to the clients and shall have no authority to change the brokerage rates as prescribed by MOFSL. The Introducer shall not make any false promises to the prospective customers with regard to the brokerage and other charges.
  15. MOFSL shall be entitled at its discretion to terminate the contract at any time without assigning any reason whatsoever, by giving one week’s notice. In case the Introducer wish to terminate the contract he/she will also have to give one week’s written notice to MOFSL.
  16. MOFSL shall be entitled to terminate the contract forthwith and without any notice or payment in lieu of notice on account of moral turpitude, dishonesty, wrong selling, fraud, forgery, and unbecoming conduct on the part of the Introducer. In case of termination of the contract by MOFSL, the referral rewards for the relevant previous month may not be paid by MOFSL at its sole discretion.
  17. MOFSL shall be entitled to terminate the contract forthwith and without any notice or payment in lieu of notice and take necessary legal action against the Introducer if found making any misrepresentation to the prospective customers or existing clients.
  18. MOFSL shall be entitled to terminate the contract forthwith and without any notice or payment in lieu of notice and take necessary legal action against the Introducer if found that the Introducer has provided false information about himself / herself or has forged and documents pertaining to the Introducer himself / herself or any of the clients / prospective customer.
  19. The arrangement is intended for the promotion of MOFSL products only.
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