What I don’t understand is that if Dhan had to stop referrals, then how Angel one is still giving out ₹200 voucher for referrals?
If referral bonus/incentive can be given out in kind then Dhan can also implement such thing right @PravinJ ?
Upfront payouts for referral programs don’t usually work, many use this just to create fraudulent accounts and don’t trade ever. Increases compliance, operational work and overheads for us. We don’t intend to have such rewards.
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@PravinJ Sir how about keeping the same structure as earlier, but instead of crediting the 20% brokerage to bank accounts you issue gift cards of same value to them.
Regarding this quote, assuming if I referred a Person named Rahul. He joined Dhan and never traded, I won’t be earning any referrals. But since it’s a new account atleast for a year the compliance will be there. Though comparatively less than active accounts but still.
Not trying to argue or counter. Peace
Hi @PravinJ @Dhan, its been nearly 5 months since the referral program is suspended (for other than Authorised persons) and there is no update on new refer n earn program. Authorised person registration may not be compatible for everyone. So, is there any update on new refer n earn program? Or it won’t be introduced at all.
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Hi @sri1647 There is an expected update on Referral schemes from exchanges, we are waiting for same for us to find the next here.
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