In this post, I will explain how you can use the Samco Refer and Earn program to earn some extra cash. It will include the program details, rules, and withdrawal.
Samco Refer and Earn: Program Details
Samco Refer and Earn lets you earn gift vouchers up to ₹3000 from leading brands like Zomato, Amazon, Puma, Flipkart, and Myntra on every successful referral, plus 10% brokerage sharing as the Referee starts trading on the platform. The Referee's benefits include Zero charges on account opening and zero demat AMC for the first year.
Samco Refer and Earn: Rules
Next, it's essential to look at the terms and conditions of the Samco Refer and Earn program:
- Mutual fund-only accounts are not eligible for the offer.
- For a successful referral, a referee must open an account within 30 days from the date of the referral.- Samco has the right to consider any account opened after 30 days using your referral link as a direct account.
- Gift vouchers will be processed within seven days after a referee opens an account with the referral link.
- 10% brokerage sharing will get active once a referee starts trading on the platform.
How to Redeem Gift Vouchers and Withdraw Referal Amount
After a successful referral, you will receive a web link containing the vouchers within seven days. You can click on it and select your preferred voucher. After that, you will need to enter your personal details, such as name, email, and phone number, to view your voucher code. Next, you can enter the code in the relevant brand platform to enjoy the benefits.
As far as brokerage sharing goes, your Referee needs to start trading for you to receive brokerage sharing. More brokerage commissions will be added to your account as more referees trade. To be precise, the brokerage sharing is set to 10%, which means 10% of the total brokerage spent by your Referee. For example, if a referee spends ₹10,000 on brokerage, you will receive ₹1000.
Brokerage sharing is for a lifetime once you have a successful referral and will be credited daily to your referral wallet. However, using the Withdraw option, you can only withdraw your brokerage commission once it has crossed ₹3000.
How to Refer Samco to New Users
Referring Samco to new users is easy, and all you have to do is log into your Samco account. After that, go to the Referral tab. Over there, you must generate your Unique Referral Link and share it with your friends through different messaging apps, including WhatsApp, Facebook, Telegram, or Email.
I have walked you through the various aspects of the Samco Refer and Earn program. I have explained the benefits and terms and conditions. Besides, I have explained how to redeem gift vouchers and withdraw your brokerage sharing amount. After reading this post, I am sure you have gained good clarity on the Samco Refer and Earn program.
Samco Refer and Earn FAQs
What rewards can I earn through the Samco Refer and Earn program?
Through the program, you can earn gift vouchers up to ₹3000 from popular brands like Zomato, Amazon, Puma, Flipkart, and Myntra. Additionally, you receive 10% brokerage sharing when your Referee starts trading on the Samco platform.
Are there any eligibility criteria for participating in the Refer and Earn program?
Yes, mutual fund-only accounts are not eligible for the offer. Additionally, the Referee must open an account within 30 days from the date of referral for it to be considered successful.
How soon will I receive the gift vouchers after a successful referral?
Gift vouchers will be processed within seven days after your Referee opens an account using your referral link.
Can I refer someone who opens an account after 30 days?
Accounts opened after 30 days using your referral link may be considered direct accounts at Samco's discretion.
How can I redeem the gift vouchers received through the program?
After a successful referral, you will receive a web link within seven days. Click on it, select your preferred voucher, and enter your personal details to view the voucher code. Use this code on the respective brand's platform to enjoy the benefits.
How does the 10% brokerage sharing work?
The 10% brokerage sharing becomes active when your Referee starts trading. This means you receive 10% of the total brokerage spent by your Referee on the Samco platform.
Is the 10% brokerage sharing a one-time benefit?
No, the 10% brokerage sharing is a lifetime benefit credited daily to your referral wallet, provided you have successful referrals.
Can I withdraw the brokerage commission anytime?
Using the Withdraw option, you can withdraw your brokerage commission once it has crossed ₹3000.
How do I refer Samco to new users?
Log into your Samco account, go to the Referral tab, generate your Unique Referral Link, and share it with friends through messaging apps like WhatsApp, Facebook, Telegram, or Email.
Is there a limit to the number of referrals I can make?
There is no specified limit to the number of referrals you can make. The more successful referrals you have, the more benefits you can accumulate through the program.