Description
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Eligibility Criteria
✔️ Age- 21 year and Above
✔️ Customers with a valid PAN & Aadhaar card
✔️ Interest – Anyone who is interested in trading & investment
Documents required
✔️ PAN Card
✔️ Aadhaar Card
✔️ Mobile Number (linked with Aadhaar)
✔️ Bank Statement/ITR/Form 16
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Step by step process
✔️ Suggest ‘m.Stock’ Demat and trading service to everyone in your network (Friends/customers)
✔️ Click on the “share to customer” option and share the link with interested customers
✔️ Ask your customer to click on the link and fill in the required details like name, mobile number, email ID, city pincode, and click on ‘Start Journey Now’
✔️ Customers will be redirected to the m.Stock website to register.
✔️ Now enter the mobile number and click on ‘Get Started’ then verify the mobile number with the OTP
✔️ Now enter the Email ID and verify it with the verification code.
✔️ On the next step customers need to enter their PAN number, DOB (As mentioned on PAN Card), and click on ‘Submit’
✔️ On the next screen customers will see brokerage plans and their charges:
1. Rs.999
2. Free
choose any one plan and complete the payment.
✔️ Customers can complete the payment by using any payment option like Net banking, UPI, Card, etc.
✔️ Once the payment is done then customers will be redirected on the next page to complete the KYC. Customers need to upload their selfie and signature.
✔️ Now add the bank details like account number and IFSC code, then the system will verify it by adding a penny in the given account.
✔️ Now select the right options and complete the profile by adding personal details.
✔️ On the next step if a customer wants to activate the F & O option then upload any one document like bank statement or Form 16 or IT return.
✔️ Customer have to do Equity trade only.
✔️ Now click on ‘Click here to eSign’ and complete the process by adding Aadhaar card number and verify with the OTP.
✔️ After this customer has completed the application process, and customer login ID will be shown on the screen.
Rules to Follow
✔️ Available for only new users (User should not have any existing relationship with mStock)
✔️ The customer should have a valid PAN card and Aadhaar card.
✔️ Earn an extra income when your customers make their first trade of ₹200 within 7 days of account opening.
✔️ Same day Buy-Sell (Intraday) not allowed.
✔️ First trade should in equity only( NOT Intraday or F&O)
✔️ The age of the customer should be above 21 year and above.
✔️ Customer mobile number should be linked with Aadhaar card.
✔️ Customer must open an account by paying one time account opening fee of Rs.999 or either selecting the FREE plan.
✔️ The entire account opening process should be completed in one go.
✔️ Customer must complete the application on their device. if more than one customer use the same device to apply, then no commission will be paid.
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1. Why do I suggest ‘mStock’ to customers?
m.Stock is one of the leading brokers in India, with their unique ‘Zero Brokerage for Life’ proposition. It is very advanced and gives good returns.
2. What are documents required?
PAN card, Aadhaar card, Bank account details/ITR/Form 16
3. What if the customer is already having a relationship with m.Stock?
If the customer has an existing relationship with m.Stock then you will not receive any commission for this.
4. Will the customer have to pay any AMC charges?
AMC charges are free for the first year. After That it is depend on the plans that customer has chosen.
5. What are the brokerage charges?
For ₹999 plan there will be no brokerage fees but for Free plan it will cost Rs.20 per order.
6. Will I get payout if my customer sells shares while trading on the demat account?
To receive the payout make sure that your customer does not buy & then sell the shares on the same day(Intraday).
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