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What benefits or rewards will the referrer get?

The referrer will get ₹500 (post deduction of TDS) when the referred user opens demat and trading account successfully with ICICIdirect and places a trade in equity, F&O or commodities segment within 90 days of account opening.

Are referral rewards taxable?

Referral rewards will be paid post deduction of tax at applicable rates. We will be sending the TDS certificates on a Quarterly basis over the registered e-mail address.

When will referrer be rewarded?

The referrer will receive the referral reward within 7 working days once referred customer successfully places a trade in equity, F&O or commodity segment within 90 days of account opening. (Referee account should be activated i.e. demat and trading account is opened after complete document & application verification in lines with the SEBI / Exchange regulations and internal policies and procedures of the company).

Is there any limit on number of customers that can be referred ?

A client can refer a maximum of 200 customers in a month. The client will not receive any referral benefit for customers referred beyond the limit that has been specified.

Can Employees of ICICI Group, Agent or Business Partner participate in Refer & Earn program?

This "Refer and Earn" program is strictly meant for clients. Hence, all employees (and their immediate family members) of ICICI Securities and ICICI Group are not eligible for this "Refer & Earn" program. All employees of the ICICI Group are required to use the referral link enabled through the ICICI Universe/Intranet.

What is the eligibility criteria for the Referral Program?

The person who is referred needs to place a trade through the account opened 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 or does not place a trade within 90 days then in such case the referrer will not be eligible for the referral reward.

Who is referee?

Referee is an individual who has been referred for opening his/ her Demat & Trading account with ICICIdirect by the Referrer.

For whom is the Referral offer applicable?

The referral offer is open only to clients who have an account with ICICI direct.

Who is a referrer?

Referrer is an existing client of ICICI direct, who refers his friends/family for opening Free Demat & Trading Account with ICICI direct.