Terms and Conditions:

1. You will receive the referral reward based on the date on which the referred party initiated their account opening process.
2. This offer is valid from 23rd February 2023 onwards.
3. The referrer will get ₹500 (post deduction of TDS) after successful account opening of their referee provided the referee has placed a trade in equity, F&O or commodities segment within 90 days of account opening.
   • Referral rewards will be paid post deduction of tax at applicable rates. We will be sending TDS certificates over the registered e-mail on Quarterly basis.
4. The referrer can avail referral benefit for a maximum of 200 referrals in a month. The referrer will not be eligible for any additional referral benefit beyond 200 successful referrals in a month. In case you wish to refer and earn more, you can explore our Referral Associate partner program here
5. The referrer will receive the referral reward of ₹500 (post deduction of TDS) within 7 working days once referee account is 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 and the referred customer has successfully placed a trade in equity, F&O or commodity segment within 90 days of account opening.
6. If details of the referred client already exist in ICICI direct database as an existing client or as a lead client, then it will not be considered under this scheme for referral reward and ICICI direct reserves the right to exclude such accounts for calculation of referral rewards. Accordingly, any client opening a new account after closing the existing account will also not be considered for the purpose of referral reward.
7. ICICI Direct reserves the right to carry out checks and controls as it deems fit and proper, before the credit of referral reward to the referrer.
8. This offer cannot be combined with any other offer.
9. ICICI direct reserves the right to amend this offer and these terms and conditions at any time without prior notice. The decision of ICICI direct on all matters relating to, or in connection with the use of this offer shall be final and binding on all parties concerned.
10. In case if the mobile number mentioned by you is registered in multiple accounts the Trading account in which it is tagged as Self will receive the referral benefit.
11. The referrer will not be eligible to receive Referral benefit if someone else has assisted the referred customer during account opening process i.e. A business partner, a bank partner etc.
12. You agree that the following activities are expressly prohibited and engaging in any of these will lead to initiation of legal and criminal action against you and also result in immediate termination and disqualification from the Referral Program, forfeiture of existing referral invitations and accrued, but not yet received, referral rewards:
    • Spam, bulk distribution of invitations, distribution to strangers or any other promotion of ICICI Direct Referral offer through invitations that would constitute or appear to constitute unsolicited commercial e-mail, sms, publishing any article or content about ICICI direct products, services etc.
    • Advertisement of any kind in any form on any medium print, audio visual form, web etc including social media (facebook, twitter, whatsapp, instagram, youtube etc) , or spam under any applicable law or regulation.
    • Fraud, attempted fraud or abuse of the ICICI direct Referral offer or these Terms & Conditions.
    • Selling, trading, bartering or providing anything of value to your Invitee beyond the referral invitation or otherwise using Your Program invitations or Rewards for promotional purposes.
    • Organizing competition, contests online, posting content about ICICI direct etc.
    • Any act or omission resulting in damage to ICICI direct in any form whatsoever in nature.
13. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon.
14. In case a same account is referred by two clients the one who have referred the first will be entitled for the referral benefit.
15. Employees of ICICI Securities or employees of any ICICI group company cannot participate in this Refer & Earn program. Employees will not receive any referral benefit in case they participate and refer customers via Refer & Earn program.
16. 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