What are the Terms and Conditions for this program?
1. Rewards are applicable only on successful investments made and held as on the date of payment of the referral.
2. Referrer earns 1% of trade value, capped at Rs 2,000 per investment by a referred user.
3. Rewards applicable for 6 months from the referee’s first investment.
4. Referral rewards applicable upto 10 referees only.
5. Maximum lifetime earning capped at Rs 50,000.
6. To receive referral rewards from your friends' investments, you must complete your KYC according to the requirements of the SEBI OBPP license.
7. The referral rewards earned are subject to Tax Deduction at Source (TDS) at a rate of 5% under section 194H on amounts exceeding INR 15,000 in a Financial Year.
8. Grip reserves the right to modify or withdraw the program.
9. Referral rewards are applicable only if the referred user holds the invested Bonds/SDIs until maturity.In case the referred user exits or sells the investment before maturity, Grip reserves the right to adjust, withhold, or claw back any associated referral rewards, including adjustment against future rewards payable.
10. Grip reserves the right to withhold, reverse, or block referral rewards in cases of suspected misuse, including but not limited to:
a. Artificial or non-genuine buy/sell transactions intended to generate referral rewards
b. Circular transactions or fund rotation between accounts to create referral benefits
c. Any activity deemed to be manipulative, abusive, or not in line with genuine investment intent
11. For detailed terms and conditions, refer to Terms
When do I get my reward?
Rewards are credited after successful investment by your referred friend on the 10th of next month.
Is there a limit to how many friends I can refer?
While we would love for you to refer as many friends as possible, referral rewards are only applicable on up to 10 friends.
How long can I earn from one referral?
You earn rewards for 6 months from the first investment of your friend. You earn for 6 months whenever your referee starts investing.
What is the maximum I can earn?
You earn 1% of the investment amount capped to Rs 2,000 per investment and Rs 50,000 lifetime.
What counts as a successful referral?
Referrers must sign up and invest using your referral code. To be eligible for the reward you must have completed your KYC.
What happens to existing referrers under old policy?
Referrers whose referees have already invested prior to 14-May-2026 will continue under our old program. For details of the same refer to Terms
