1. The Distribution partner would refer clients / customers to HDFC securities who intend to avail broking and allied services and products of HDFC securities.

2. To become a Distribution Partner one need to fill empanelment form either online/ offline & submit it to nearest branch along with KYC document, Agreement & Bank details.

3. The Distribution Partner can be any individual, Partnership Firm, Corporate, LLP or HUF can become our Distribution partner whose PAN is not in exchange/ SEBI debarred list. Distribution Partner cannot refer the following set of clients any customer whose account is closed within previous six months from the date of opening of the new account any existing customer having a broking relationship with HSL or a relative of existing customer opening new account with HSL any customer who is an employee of HDFC securities/HDFC group company or is related to any employee of HDFC securities/HDFC group company US and Canada based customers.

4. The Distribution partner shall not be a proxy holder for any customer of HDFC securities nor shall he/she transact on behalf of any customer of HDFC securities The customers shall transact primarily through the Digital Platforms or the Central Dealing Desk (CDD) of HSL and only designated employees of HSL shall ensure that the said customer complies with the required KYC documentation/norms

5. Distribution partner is only facilitating the referral of the prospective customers and has no connection with transaction or services provided by HDFC securities to customers.

6. Distribution Partner would receive referral incentive from HDFC securities on monthly or quarterly basis in the manner as mutually agreed in writing between the parties. The consideration shall be subject to deduction of tax at source as per the applicable tax laws prevalent. The Distribution Partner would be entitled upto 25% sharing on equity brokerage for 3 years.