Client Referral Terms & Conditions

All clients of Bonanza Portfolio Ltd, which will be referred to as “Bigul” in this policy document, shall be eligible to receive an incentive for referring friends/family and prospective clients at Bigul. From 01st August 2022 till further updates on the scheme Referring Clients would earn a new account opening referral bonus of Rs.100/- (Rupees One hundred Only) every time a new account is opened from his/her reference with Bigul and Rs 200/- when the referee gets Active* within 15 days of account opened, The Referring client of Bigul will also be entitled to 15% of the brokerage generated from referred clients, till such time Bigul continues to carry on this Referral Incentive Scheme if all the following terms and conditions are met:

  • All referred clients must complete their account opening process & have their trading and demat account activated within 15 days of being referred on Bigul’s website/application.
  • referred client should complete his/her account opening within 15 days of being referred, using the same contact number & email ID as the client referring had inputted during referring such client, it would be recognised as a “Completed Referral”.
  • An act of being referred would include: (a) the referrer inputting the referee’s details, i.e. contact number and email ID, on the referral page of Bigul’s website or application; & (b) the referee inputting his/her own contact number & email ID on a referral link/page of Bigul, created by the referrer.
  • Mapping will only be considered to introducer/referrer having a prospect sign up and register initially. If the client is already registered and then later uses an introducer/referrer’s affiliate link to complete the account opening process, this new account will not be mapped to the referrer.
  • Individual clients cannot refer another non-individual account (e.g. HUF, Corporate, Partnership/LLP, Trust) with the same contact details as their own account. All referred non-individual accounts must be referred by inputting the contact details via refer and earn tab in the client login before any such non-individual account application is initiated
  • Referrers can referrer maximum upto 3 accounts in the scheme period.
  • Referrer will be entitled for payout only if the referred client downloads the mobile application of the Company, trades on the Platform (FNO/delivery segment only).
  • Accounts open for negative pin codes will not be eligible to refer and earn scheme.
  • Referred clients from one Client ID are not transferable to another Client ID in any way possible.
  • No eligible amount shall be paid out to any client, in case the Client ID/trading account of the client has been closed/deactivated for any reason whatsoever.
  • All eligible amounts available for withdrawal will be credited to clients trading account ledger with Bigul, which is in his/her own name and not in any other person’s name.
  • The breakup of brokerage generated from each Completed Referral will not be shown to all referees/clients, and only a total of brokerage generated from all Completed Referrals will be shown to clients/referees referring prospective clients under this Referral Incentive Scheme.
  • Only 15 % brokerage generated from such 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.
  • Referrer will be eligible for brokerage sharing towards clients/referees who have referred clients under this Referral Incentive Scheme for the maximum of 2 years from the date of referred client account is opened in Bigul system.
  • All payouts made to such clients under this Scheme shall be post Tax Deducted at Source (TDS) which shall be at 5% or as per 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.

All clients requesting for withdrawal of any incentive payouts must abide by, declare and agree to all clauses stated below. In case any misrepresentation or incorrect declaration is provided, such clients shall indemnify Bigul for any such damages, direct or consequential, with respect to any violations of Circulars, Rules & Regulations, Bye-Laws of all Recognized Stock Exchanges (as defined by SEBI) and any such Applicable Law in India.

1. The Client who is having a trading account with Bonanza Portfolio Ltd (hereinafter referred to as “Bigul”) hereby agree to and declare the below points with respect to accepting any payment/incentives from Bigul, with respect to any referral bonus or marketing fee or incentives from Bigul:

  • The Client not forbidden to do any business under the Rules, Bye-Laws and Regulations of National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and Multi Commodity Exchange (MCX) or any Recognized Stock Exchange as defined by SEBI;
  • The Client have read and understood all the terms, conditions, clauses of the NSE, BSE, and MCX with respect to the “Byelaws” of all the Exchanges, “incentives/referral schemes” rules, and rules with respect to marketing and incentives. I/We understand that by receiving referral incentives from Bigul, I/We and Bigul are both bound by the rules of the Exchanges;
  • The Client have read NSE Circular NSE/INSP/43029 dated December 26, 2019, and have clearly understood all the terms of the circular. Any dispute/grievance under this scheme cannot be referred to the Investor Grievance Panel at NSE and will be resolved between me and Bigul as stated in the abovementioned NSE Circular, and any such dispute should not be made public;
  • The Client accepting this incentive from Bigul only for the referral of new clients/persons, and have not carried out any other activities, such as any financial advisory, inducing persons to use or trade/transact with Bigul, providing stock tips, managing portfolios etc;
  • The Client acknowledge that details of clients referred to by me/us, such as; contract notes, daily margin statement, statement of accounts, will not be sent to me/us from Bigul without the consent of the referred clients;
  • The Client have not, since being eligible to receive any payment/payout from Bigul, entered into any contracts or published any marketing material/advertisement acting as Bigul or act as a referral agent of Bigul without the explicit written permission of Bigul. I/We understand that publishing any marketing or advertisement material requires permission/intimation towards the Exchanges. I/We will not & have not publish/’ed any marketing material without the explicit permission of Bigul;
  • The Client have/will not post the affiliate link of my referral code on public forums without any context, and spam any such groups/platforms/pages on social media;
  • The Client hereby declare that, since being eligible to receive any incentives from Bigul, I/We are not an employee/referral partner/Introducer/Authorized Person/Sub broker of any other Trading Member (apart from Bigul) of any of the Exchanges. I/We also hereby declare that we are not a Trading Member on any of the Exchanges; and
  • The Client is not an employee of Bigul or any associate/group entity of Bigul, and I/We are not a relative of an employee of Bigul.
  • The Client hereby declare that the above information are true and correct, and if any information is found to be false and incorrect, Bigul will have the right to recover the entire amount received by me/us through whatever means Bigul deems proper.
  • The Client agree to indemnify Bigul and its Directors/agents/employees for any damages/claims that may arise from me/us deviating from the Rules/Bye-Laws of the Exchanges, and any terms, conditions, Policies & Procedures of Bigul.
  • The Client hereby declare that I/We have read, understood and agree to abide by this Policy, Bigul’s terms & conditions, privacy policy and policies & procedures on Bigul’s websites.
  • The Client hereby understand this policy, along with these terms & conditions with respect to all incentives from Bigul, regarding referrals towards Bigul may be changed from time to time by Bigul, at the sole discretion of Bigul; or by the Exchanges. Therefore, at all times, I/We shall abide by the change in such Policies and Procedures of Bigul & Exchanges without any objections in the future.
  • The Client hereby understand that Bigul’s management reserves all rights to withhold any such incentives to any such referrer, at its sole discretion, for any reason whatsoever.


  • The CLIENT, shall at its own expense, indemnify, defend and hold harmless Bigul and/or its officers, directors, employees, clients, representatives and agents, against any third party claim, demand, suit, action, or other proceedings and all damages, awards, settlements, liabilities, losses, costs and expenses related thereto (including attorneys’ fees) to the extent that such claim, suit, action or other proceedings is based on or arises from any deficiency in service by the CLIENT and / or its employees or on account of any breach of the terms and conditions of this Agreement, or failure in performance or observance of the role, functions, responsibilities or obligations of the CLIENT specified herein in terms of this Agreement.
  • The CLIENT agrees that money damages may not be a sufficient remedy for any breach of the Agreement and / or any misrepresentations by the CLIENT and that Bigul shall be entitled to seek specific performance and injunctive or other equitable relief as a remedy for any such breach and / or misrepresentation by the CLIENT. Such remedy shall not be deemed to be the exclusive remedy for breach of the Agreement and / or misrepresentation by the CLIENT but shall be in addition to all other remedies available at law or in equity to Bigul.

3. Arbitration and Jurisdiction

  • Any dispute, difference, controversy or claim (“Dispute”) arising between the Parties out of or in relation to or in connection with this Agreement, or the breach, termination, effect, validity, interpretation or application of this Agreement or as to their respective rights, duties or liability there under, or as to any act, matter or thing arising out of, consequent to, or in connection with this Agreement shall be referred to arbitration in accordance with the provisions of the Arbitration and Conciliation Act, 1996 read along with the provisions of Arbitration and Conciliation (Amendment) Act, 2015 or any subsequent enactment or any modification or amendment thereof. The Parties hereby consent to the appointment of sole arbitrator by Bigul for adjudication of disputes. The language of the arbitration shall be English and the Award of the sole arbitrator shall be final and binding upon the Parties. The venue of the arbitration proceedings shall be Mumbai.
  • The provisions of this Agreement shall be governed by and construed in accordance with Indian law and the Courts in Mumbai shall have exclusive jurisdiction in respect of any matter, claim or dispute arising out of or in any way relating to this Agreement.

4. The CLIENT will, at all times, maintain the utmost confidentiality regarding the contents of this Agreement, the arrangements contemplated by this Agreement, any business, technical or financial information, data or knowhow, given to it by Bigul, including all information relating or incidental to referrals, potential clientele or of customers of Bigul to which the CLIENT has access or is in receipt/possession, from any source whatsoever (hereinafter the “Confidential Information”) and shall not provide/disclose or otherwise make available all or any part of such Confidential Information to any person or entity for any personal, business, commercial or other purposes, unless with the prior written consent of Bigul. The provisions of this Clause shall survive the termination of this Agreement.


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