Referral Policy

TERMS AND CONDITIONS
1. 10% lifetime brokerage sharing will be given if Referee account is activated within 1 month of the referral given.
2. Free Account Opening, No DP AMC charges for 1 year will be given to the referee if he has opened an account within 1 month of the referral given.
3. All the rewards will be credited to the referrer/ referee account by 25th of the next month of account activation.
4. All referral accounts should be activated with qualified margin criteria.
5. If a person is being referred by 2 individuals, then the person who has referred 1st will be considered.
6. The mobile no at the time of referring and opening an account should be the same.
7. If anybody wish to remove the margin money before one month of account opening will not be eligible for any rewards.
8. Clients whose accounts are activated post 1ST January, 2024 will be eligible for this program.
9. The above terms are not applicable for family accounts referred.
10. 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.
11. Account activated in EQUITY, FNO, COMMODITY AND MFSS segments will be considered.
12. The Referrer confirms of having obtained the consent of the person referred for providing his/her details.
13. In case of any dispute, the decision of LFCSPL management will be final and binding.
14. No other offer can be clubbed with this Referrer program offer during account opening.
15. LFCSPL reserves the rights to withdraw this offer any time before the validity period mentioned without any prior notice.

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:-
A. 10% lifetime brokerage sharing will be given if the account referred by the introducer is activated within 1 month of the referral given.
2. The Introducer shall not solicit or endeavour to entice, directly or indirectly any client introduced by him to LFCSPL to obtain services of any competitor of LFCSPL.
3. The Introducer will not divulge to any person or utilize any of confidential information pertaining to the clients, details of Holding or Associate companies of LFCSPL or any other information in connection with the business procedures etc., which he/she may possess by reason of his/her association with LFCSPL to any person or entity outside LFCSPL.
4. The Introducer shall not use any material other than the written material provided by LFCSPL for promotion of LFCSPL products.
5. The Introducer shall not assure any returns or make any presentation to the prospective customers, which is not authorized, approved and provided by LFCSPL.
6. The Introducer shall make aware the prospective customer of all the terms and conditions as provided by LFCSPL, for availing the products of LFCSPL and shall not make any misrepresentation or false promises to the prospective customer.
7. 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 LFCSPL. The Introducer shall not make any false promises to the prospective customers with regard to the brokerage and other charges.
8. LFCSPL 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 LFCSPL.
9. LFCSPL 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 LFCSPL, the referral rewards for the relevant previous month may not be paid by LFCSPL at its sole discretion.
10. LFCSPL 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.
11. LFCSPL 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 customers.
12. The Agreement is intended for the promotion of LFCSPL products only.