Terms & Conditions for Client Referral Program.

Refer your family/ friends / Prospective clients to RS Wealth Management PvtLtd  and earn  30% of all brokerage generated from referred clients ,till the time RS Wealth Management Pvt. Ltd. continues to carry on this Referral Program which would be read along with the laws, regulations, rules prescribed by SEBI and the Exchanges (i.e. NSE, BSE, MCX) which are applicable to stock brokers/trading members.

1. Referred clients must complete their account opening process & have their trading and demat account activated either within 60 days or Last day of following month/ whichever earlier of being referred on RS Wealth Management Pvt. Ltd.’s website/application.
2. If a referred client completes his/her account activation either within 60 days or  Last day of following month/ whichever earlier of being referred, using the same Referral Code assigned to referrer, such a client, it would be recognized as a “Completed Referral”.
3. Mapping will only be considered to the introducer/referrer having a prospect sign up as per Point 2 of this document only. If the client is already registered and then later uses an introducer/referrer’s affiliate link to complete the account opening process, this account will not be mapped to the referrer.
4. Referred clients from one referral code are not transferable to another referral code in any way possible.
5. To be able to place a withdrawal request on your account during any month/ad-hoc time of a financial year, the minimum payout amount from the referral brokerage generated must be at least Rs. 1,000 (One Thousand).
6. All payouts made to such clients under this Referral Incentive Scheme shall be post Tax Deducted at Source (TDS) which shall be at 5% or as per Applicable Income-tax Law.
7. Any additional payments with respect to GST or any other such taxes, even if any such person is eligible for the same, will not be made over and above the amount eligible to be withdrawn as per the brokerage generated shown on the referral page.
8. All eligible amounts available for withdrawal will be deposited towards the referrer  linked bank account which is in his/her own name and not in any other person’s name.
9. The breakup of the brokerage generated from each Completed Referral will not be shown and only a total of all brokerage generated from all Completed Referrals will be shown.
10. Only 30% brokerage generated from such Completed Referrals shall be shared, and this shall not include any other charges, such as; taxes, transaction charges, SEBI/Exchange related charges and such other charges.
11. All requesting for withdrawal of any incentive payouts must abide by, declare and agree to all clauses stated below. In case of any misrepresentation or any incorrect declaration is provided, such clients shall indemnify RS Wealth Management Pvt. Ltd. for any such damages, direct or consequential, with respect to any violations of Circulars, Rules & Regulations, Bye-Laws of all Recognized Stock Exchanges (as defined by SEBI) and any such Applicable Law in India:
    • I/We, having a trading account with RS Wealth Management Pvt. Ltd. Broking Limited and/or RS Wealth Management Pvt. Ltd. Commodities Pvt. Ltd. (hereinafter referred to as “RS Wealth Management Pvt. Ltd.”) hereby agree to and declare the below points with respect to accepting any payment/incentives from RS Wealth Management Pvt. Ltd., with respect to any referral bonus or marketing fee or incentives from RS Wealth Management Pvt. Ltd.:
    • I/We am/are not forbidden to do any business under the Rules, Bye-Laws and Regulations of National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and Multi Commodity Exchange (MCX) or any Recognized Stock Exchange as defined by SEBI;
    • I/We have read and understood all the terms, conditions, clauses of the NSE, BSE, and MCX with respect to the “Byelaws” of all the Exchanges, “incentives/referral schemes” rules, and rules with respect to marketing and incentives. I/We understand that by receiving referral incentives from RS Wealth Management Pvt. Ltd., I/We and RS Wealth Management Pvt. Ltd. are both bound by the rules of the Exchanges;
    • I/We have read NSE & BSE Circular NSE/INSP/43029 dated 26th Dec -2019 to NSE/INSP/43824 dated 11th March-2020 and BSE 20191227-39 dated 27^th Dec-2019 to 20200311-57 dated 11th March-2020 and have clearly understood all the terms of the circular. Any dispute/grievance under this Referral Incentive Scheme cannot be referred to the Investor Grievance Panel at NSE and will be resolved between me and RS Wealth Management Pvt. Ltd. as stated in the abovementioned NSE Circular, and any such dispute should not be made public;
    • I/We are accepting this incentive from RS Wealth Management Pvt. Ltd. only for the referral of new clients/persons, and have not carried out any other activities, such as any financial advisory, inducing persons to use or trade/transact with RS Wealth Management Pvt. Ltd., providing stock tips, managing portfolios etc;
    • I/We acknowledge that details of clients referred to by me/us, such as; contract notes, daily margin statement, statement of accounts, will not be sent to me/us from RS Wealth Management Pvt. Ltd. without the consent of the referred clients;
    • I/We have not, since being eligible to receive any payment/payout from RS Wealth Management Pvt. Ltd., entered into any contracts or published any marketing material/advertisement acting as RS Wealth Management Pvt. Ltd. or act as a referral agent of RS Wealth Management Pvt. Ltd. without the explicit written permission of RS Wealth Management Pvt. Ltd.. I/We understand that publishing any marketing or advertisement material requires permission/intimation towards the Exchanges. I/We will not & have not publish/’ed any marketing material without the explicit permission of RS Wealth Management Pvt. Ltd.
    • I/We have/will not post the affiliate link of my referral code on public forums without any context, and spam any such groups/platforms/pages on social media;
    • I/We hereby declare that, since being eligible to receive any incentives from RS Wealth Management Pvt. Ltd., I/We are not an employee/Authorized Person/Sub broker of any other Trading Member (apart from RS Wealth Management Pvt. Ltd.) of any of the Exchanges. I/We also hereby declare that we are not a Trading Member on any of the Exchanges; and
    • I/We are not an employee of RS Wealth Management Pvt. Ltd. or any associate/group entity of RS Wealth Management Pvt. Ltd., and I/We are not a relative of an employee of RS Wealth Management Pvt. Ltd..
    • I/We hereby declare that the above information are true and correct, and if any information is found to be false and incorrect, RS Wealth Management Pvt. Ltd. will have the right to recover the entire amount received by me/us through whatever means RS Wealth Management Pvt. Ltd. deems necessary.
    • I/We agree to indemnify RS Wealth Management Pvt. Ltd. and its Directors/agents/employees for any damages/claims that may arise from me/us deviating from the Rules/Bye-Laws of the Exchanges, and any terms, conditions, Policies & Procedures of RS Wealth Management Pvt. Ltd.
    • I/We hereby declare that I/We have read, understood and agree to abide by this Policy, RS Wealth Management Pvt. Ltd.’s terms & conditions, privacy policy and policies & procedures on RS Wealth Management Pvt. Ltd.’s websites.
    • I/We hereby understand this Referral Incentive Scheme, along with these terms & conditions with respect to all incentives from RS Wealth Management Pvt. Ltd. may be changed from time to time by RS Wealth Management Pvt. Ltd., at the sole discretion of RS Wealth Management Pvt. Ltd.; or by any changes directed by the Exchanges/SEBI or any such regulator/quasi judicial authority. Therefore, at all times, I/We shall abide by the change in such Policies and Procedures of RS Wealth Management Pvt. Ltd.& Exchanges without any objections in the future.
    • I/We hereby understand that RS Wealth Management Pvt. Ltd.’s management reserves all rights to withhold any such incentives / this Referral Incentive Scheme to any such referrer, at its sole discretion, for any reason whatsoever.
12. If referrer is not in compliance with Sec 206 AB & 206 CCA Income Tax Act 1961, or if the PAN &Aadhar have not been linked/furnished to the satisfaction of RS Wealth Management Pvt. Ltd., TDS will be applied at the rate of 10%. For NRI clients TDS is at the rate of 30%
13. Clients who close and reopen their trading accounts, with the specific intention of being mapped to a specific introducer/referrer, will not be considered as a referral/ Completed Referral under this Referral Incentive Scheme.
14. If a referrer  closes his/her trading account, brokerage referral amounts shall stop being accrued/accumulated after such closer of account. All referrer  must request and complete all such withdrawal of pending/accrued referral amounts from his/her referral a/c  before requesting for any account closure process.
15. RS Wealth Management Pvt. Ltd. reserves the right to periodically audit the source for generating such leads/referrals of all referrers . Failure to fulfill any audit requirements or showcase such responses to any queries from RS Wealth Management Pvt. Ltd., may result in the termination of all past/future benefits under this Referral Incentive Scheme.
16. Referral incentives or any referral rewards cannot be transferred to another account, and will not be considered even if the same client closes and reopens his/her trading account with RS Wealth Management Pvt. Ltd., or even if it is converted from an individual/resident to a Non-individual / NRE/NRO account.
17. Using affiliate referral links as paid or sponsored advertisements on any social media channels/websites/searches are strictly prohibited, and leads generated by any client from such means shall be terminated under this Referral Incentive Scheme.
18. No referral incentives / rewards shall be provided for referral of any minor accounts.