NSE issued a circular last week stopping brokers from sharing any brokerage as a referral incentive unless that person is registered as an authorized person with the exchanges. This is another one of those circulars that will hurt the business. 😬

So, we are stopping our referral programme and making one-time payouts for whatever is due. But we will continue to give out reward points every time you refer a customer to us. These points can be used to pay AMC or access some of our partner products, like @Tijori1, @smallcaseHQ, etc.

By the way, 12.4 lakhs of our customers have referred at least one client to date.

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