Referral Scheme SMC (Benefit up to Rs 1000)

Margin Based Referral Scheme

Upfront Margin (In Rs)	Referrer Benefit (Gift voucher amount)	AOC with 1st year AMC Free
Nil (Basic Plan)	Worth Rs 100	Nil
Nil (Basic Plan)		Nil
10000	Worth Rs 250	Nil
10000		Nil
50000	Worth Rs 500	Nil
50000		Nil
100000	Worth Rs 1000	Nil
100000		Nil

VASP (In Rs)	Referrer Benefit (Gift voucher amount)
AS2500	Worth Rs 500
AS2500
AS5000	Worth Rs 750
AS5000

Referral Scheme	Delivery (in % age)	Intraday & Futures (in % age)	Options (Per lot)	Commodity (In %age)	Currency (Per lot)
Upfront Margin 100000	0.16	0.016	30	0.016	8
Upfront Margin 50000	0.20	0.020	40	0.020	10
Upfront Margin 10000	0.35	0.035	100	0.035	18
Upfront Margin 'Zero'	0.40	0.040	100	0.040	25
AS2500	0.30	0.030	75	0.030	15
AS5000	0.25	0.025	60	0.025	12

First trade should take place within 30 days of account opening.
All the rewards will be credited to the referrer & or referee account within 45 days of account activation.
VASP validity: 12 months from the date of account opening or receipt of value added amount whichever is later.
VASP amount is payable upfront & not refundable in any circumstances. This cannot be used as a margin or for calculating trading limit.
ODIN Diet Id Charges are NIL.
Under VASP, Brokerage will be reversed generated up to Subscription amount (Validity up to 12 Months).
Under VASP, Reversal of brokerage should be done on monthly basis up to the brokerage generated in that month & not exceeding the Subscription Amount.
SMC reserves the rights to discontinue the scheme if circumstances beyond the control of SMC arise due to regulatory actions.
Taxes and statutory charges are as per actual.
Brokearge Charges as follows on SMC referral schemes.