Terms and Conditions
Referral Partner / NRI Referral Partner
1. The Referral Partner / NRI Referral 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 Referral Partner / NRI Referral Partner one need to fill empanelment form either online/ offline & submit it to nearest branch along with KYC document, Agreement & Bank details.
3. The Referral Partner / NRI Referral Partner can be any individual, Partnership Firm, Corporate, LLP or HUF can become our Referral Partner / NRI Referral Partner whose PAN is not in exchange/ SEBI debarred list. Referral Partner / NRI Referral 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 Referral Partner / NRI Referral 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. Referral Partner / NRI Referral 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. Referral Partner / NRI Referral 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.
Authorised Person
Eligibility Criteria for Individuals:
1. Should be a citizen of India.
2. Should not be less than 18 years of age.
3. Should not have been convicted of any offence involving fraud and dishonesty.
4. Should have good reputation and character.
5. Should have passed at least 10th standard or equivalent examination from an institution recognized by the Government.
6. The Authorised Person shall also have the necessary infrastructure like adequate office space, equipment and manpower to effectively discharge the activities on behalf of the Trading Member.
Eligibility Criteria for a Partnership Firm, LLP or Body Corporate:
1. All the partners and directors, as the case may be, must comply with the eligibility criteria for individuals given above.
2. The Object Clause of the Partnership Deed and the Memorandum of Association must contain a clause permitting the person to deal in securities business.
3. The Authorised Person shall also have the necessary infrastructure like adequate office space, equipment and manpower to effectively discharge the activities on behalf of the Trading Member.
Processing Fees:
1. For AP Registration :BSE – Rs. 2000/- per segment (plus applicable Goods & Service Tax (GST))
2. For AP Registration :NSE – Rs. 5000/- per segment (plus applicable Goods & Service Tax (GST))
3. For AP Cancelation :BSE – Rs. 1000/- per segment (plus applicable Goods & Service Tax (GST))
Documents required for authorised persons:
- PAN card
- Aadhaar card
- Educational proof (Final Year Mark sheet / Certificate)
- Residential address proof
- Office address proof
- Photograph
- Notarised affidavit if there is any mismatch in the name & DOB.
- Agreement / Undertaking
Please note by submitting these details
1. You are authorising us to call you even though you may be registered under DNC. We shall Call/SMS you for a period of 12 months.
2. You are opting in to receive Whatsapp communication from us on the above registered mobile number.