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<!doctype html><html><head><title>KNSE circular suspending referral programmes - Nithin Kamath's personal homepage</title><meta charset=utf-8><meta name=title content="Nithin Kamath's personal homepage"><meta name=description content="NSE issued a circular last week stopping brokers from sharing any brokerage as a referral incentive unless that person is registered as an authorized person with the exchanges..."><meta name=viewport content="width=device-width,initial-scale=1"><meta property="og:title" content="KNSE circular suspending referral programmes - Nithin Kamath's personal homepage"><meta property="og:description" content="NSE issued a circular last week stopping brokers from sharing any brokerage as a referral incentive unless that person is registered as an authorized person with the exchanges..."><meta property="og:type" content="website"><meta property="og:url" content="https://nithinkamath.me/blog/nse-circular-suspending-referral-programmes/"><link rel="shortcut icon" href=https://nithinkamath.me/static/images/favicon.png><meta property="og:image" content="https://nithinkamath.me/static/images/thumb.jpg"><link rel=preconnect href=https://fonts.gstatic.com><link href="https://fonts.googleapis.com/css2?family=Inter&display=swap" rel=stylesheet><link rel=stylesheet type=text/css media=screen href=https://nithinkamath.me/static/style.css></head><body><section class="container wrap"><div class=header><div class=logo><a href=https://nithinkamath.me/><img src=https://nithinkamath.me/static/images/nithin.jpg alt class=photo></a> | ||
<!doctype html><html><head><title>NSE circular suspending referral programmes - Nithin Kamath's personal homepage</title><meta charset=utf-8><meta name=title content="Nithin Kamath's personal homepage"><meta name=description content="NSE issued a circular last week stopping brokers from sharing any brokerage as a referral incentive unless that person is registered as an authorized person with the exchanges..."><meta name=viewport content="width=device-width,initial-scale=1"><meta property="og:title" content="NSE circular suspending referral programmes - Nithin Kamath's personal homepage"><meta property="og:description" content="NSE issued a circular last week stopping brokers from sharing any brokerage as a referral incentive unless that person is registered as an authorized person with the exchanges..."><meta property="og:type" content="website"><meta property="og:url" content="https://nithinkamath.me/blog/nse-circular-suspending-referral-programmes/"><link rel="shortcut icon" href=https://nithinkamath.me/static/images/favicon.png><meta property="og:image" content="https://nithinkamath.me/static/images/thumb.jpg"><link rel=preconnect href=https://fonts.gstatic.com><link href="https://fonts.googleapis.com/css2?family=Inter&display=swap" rel=stylesheet><link rel=stylesheet type=text/css media=screen href=https://nithinkamath.me/static/style.css></head><body><section class="container wrap"><div class=header><div class=logo><a href=https://nithinkamath.me/><img src=https://nithinkamath.me/static/images/nithin.jpg alt class=photo></a> | ||
<a href=https://nithinkamath.me/><img alt="Nithin Kamath's personal homepage" src=https://nithinkamath.me/static/images/logo.svg></a><p class=tagline>Musings on finance, business, and life</p></div><nav class=nav><a class=active href=/>Home</a> | ||
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<a href=https://nithinkamath.me/index.xml><img src=https://nithinkamath.me/static/images/feed.svg alt="Subscribe to feed"></a></nav></div><div class=content><div class="post single"><div class=post-header><h3 class=title>KNSE circular suspending referral programmes</h3><div class=date>21 Aug 2024</div></div><div class=body><p>NSE issued a circular last week stopping brokers from sharing any brokerage as a referral incentive unless that person is registered as an authorized person with the exchanges. This is another one of those circulars that will hurt the business. 😬</p><p>So, we are stopping our referral programme and making one-time payouts for whatever is due. But we will continue to give out reward points every time you refer a customer to us. These points can be used to pay AMC or access some of our partner products, like <a href=https://x.com/Tijori1>@Tijori1</a>, <a href=https://x.com/smallcaseHQ>@smallcaseHQ</a>, etc.</p><p>By the way, 12.4 lakhs of our customers have referred at least one client to date.</p><p><a href=https://zerodha.com/z-connect/business-updates/nse-circular-suspending-referral-programmes>Read more</a>.</p><p><a href=https://x.com/Nithin0dha/status/1826219680090013831 rel="noopener noreferrer">Go to link →</a></p></div><div class=tags><ul class=flat><li><a href=/tags/business>business</a></li><li><a href=/tags/zerodha>zerodha</a></li></ul></div></div></div></div></section><footer class=footer>Nithin Kamath © 2021 | ||
<a href=https://nithinkamath.me/index.xml><img src=https://nithinkamath.me/static/images/feed.svg alt="Subscribe to feed"></a></nav></div><div class=content><div class="post single"><div class=post-header><h3 class=title>NSE circular suspending referral programmes</h3><div class=date>21 Aug 2024</div></div><div class=body><p>NSE issued a circular last week stopping brokers from sharing any brokerage as a referral incentive unless that person is registered as an authorized person with the exchanges. This is another one of those circulars that will hurt the business. 😬</p><p>So, we are stopping our referral programme and making one-time payouts for whatever is due. But we will continue to give out reward points every time you refer a customer to us. These points can be used to pay AMC or access some of our partner products, like <a href=https://x.com/Tijori1>@Tijori1</a>, <a href=https://x.com/smallcaseHQ>@smallcaseHQ</a>, etc.</p><p>By the way, 12.4 lakhs of our customers have referred at least one client to date.</p><p><a href=https://zerodha.com/z-connect/business-updates/nse-circular-suspending-referral-programmes>Read more</a>.</p><p><a href=https://x.com/Nithin0dha/status/1826219680090013831 rel="noopener noreferrer">Go to link →</a></p></div><div class=tags><ul class=flat><li><a href=/tags/business>business</a></li><li><a href=/tags/zerodha>zerodha</a></li></ul></div></div></div></div></section><footer class=footer>Nithin Kamath © 2021 | ||
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