IIFL CLIP Terms & Conditions

    • Referrer(s) is a person who refers his friends for opening his/ her Demat Account with IIFL.
    • Referee is an individual who has been referred for opening his/her Demat account with IIFL by the Referrer.
    • The Referee must open their Demat & Trading account with IIFL & get it activated within 60 days of being referred by the Referrer using the same contact number the referrer had provided while referring them.
    • The referred client should not be an existing client of IIFL
    • A family member cannot be referred in this program.
    • To begin earning a commission as per this program, a CLIP Member would have at least 3 Completed Referrals.
    • The Referrer confirms having obtained the consent of the person referred for providing his/her details.
    • If the details provided for referrals are incomplete/ incorrect/ invalid, the Referrer who has provided a reference shall not be entitled to any reward under the IIFL Securities CLIP Program.
    • The IIFL Securities CLIP program cannot be clubbed with any other offer.
    • No eligible amount shall be paid out to any CLIP Member, in case the Client ID/trading account of the client has been closed/deactivated for any reason whatsoever.
    • All eligible amounts will be deposited towards the CLIP Member linked bank account which is in his/her own name and not in any other person’s name.
    • All payouts made to CLIP under this Program, shall be post Tax Deducted at Source (TDS) which shall be as per the Applicable Law.
    • Any additional payments with respect to GST or any other such taxes, even if any such person is eligible for the same, will not be made over and above the amount eligible to be withdrawn as per the brokerage generated shown on the referral page.
    • Only the decided brokerage generated from Completed Referrals shall be shared, and this shall not include any other charges, such as; taxes, transaction charges, SEBI/Exchange related charges, and such other charges.
    • IIFL securities reserve the right to terminate the present Agreement and to ban you from the CLIP Program with or without prior notice in case all your referred clients remain inactive for more than 180 days.
    • IIFL reserves the right to withdraw this offer any time before the mentioned validity period without any prior notice. The decision of IIFL Securities Ltd. on all matters relating to, or in connection with the use of this offer shall be final and binding on all parties concerned.
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