m.Stock by Mirae Asset
m.Stock by Mirae Asset
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Our Policies

We suggest you go through our policies carefully, and keep visiting for updates.

Terms & Conditions - Refer and Earn (Applicable for Direct Client)

  1. Referrer is an existing client of m.Stock
  2. Referee is the person introduced by the referrer to open an m.Stock account.
  3. Referral reward of ₹151 per account will only be paid when referee opens an m.stock account using referrer’s referral link.
    Please note that the referral reward of ₹555 for every Brokerage free account opened under the Refer & Earn program was only applicable until 27th December 2024.
    Additionally, referral reward of ₹149 (given for every account) under the Refer & Earn program was only applicable till 9th April 2025.
  4. The 10% discount for referee on account opening fee was valid from 11th September 2024 to 27th December 2024 and the Special Diwali discount of 20% on account opening fee was valid only if account was opened within the offer period i.e., 30th October 2024 to 30th November 2024.
  5. While there is no limit to the number of people you can refer, effective 10th April 2025, a referrer can earn a maximum of ₹1,510 as referral reward every month. TDS (Tax Deducted at Source) of 5% will be deducted as the referrer reaches the limit of ₹15,000 in a financial year, as per applicable Income Tax Law. Else, 10% TDS will be applicable if the referrer is a specified person under section 206AB. Even if the referrer has Lower Deduction Certificate (LDC), TDS will be deducted as per the above-mentioned rates.
  6. A referral will be deemed ineligible for a reward if the details of the referee already exists in m.Stock database as an existing client or as a prospect. MACM reserves the right to exclude the said accounts for calculation of referral rewards.
  7. All the verification and account opening process will be carried out by our operations team, and company reserves the right to reject account opening application if the same is not in compliance with SEBI prescribed KYC requirements.
  8. The referrer will receive the referral reward once the referee trading account is activated.
  9. This reward amount will be credited to the referrer’s m.Stock trading account within 48 hours of referee’s account activation.
  10. By participating in Refer & Earn both Referrer and Referee agree to referral details being displayed on live referral feed or in similar forms.
  11. The company reserves the right to amend this offer and these terms and conditions at any time without prior notice. The decision of m.Stock on all matters relating to, or in connection with the use of this offer shall be final and binding on all parties concerned.
  12. The Referrer shall not undertake any form of selling / advisory activities w.r.t. securities and shall not manage the portfolio of any person who is being referred. He/she shall strictly limit his/her role to “Referral” only.
  13. This Referral program is open to all residents of India holding a valid and active trading account with m.Stock.
  14. This campaign shall not be considered as an invitation or persuasion to trade or invest. m.Stock and its affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon.
  15. You agree that the following activities are expressly prohibited and engaging in any of these will result in immediate termination and disqualification from the Refer and Earn Program, forfeiture of existing referral invitations and accrued, but not yet received, referral rewards:
    1. Spam, bulk distribution of invitations, distribution to strangers or any other promotion of m.Stock Refer and Earn offer through invitations that would constitute or appear to constitute unsolicited commercial e-mail, SMS, publishing any article or content about m.Stock products, services etc.
    2. Advertisements of any kind in any form on any medium print, audio visual form, web etc. including social media (Facebook, Twitter, WhatsApp, Instagram, YouTube etc.), or spam under any applicable law or regulation.
    3. Fraud, attempted fraud or abuse of the m.Stock Refer and Earn offer or these Terms & Conditions.
    4. Organising competition, contests online, posting content about m.Stock etc.
    5. Any act or omission resulting in damage to m.Stock in any form whatsoever in nature.
  16. Any grievances related to the above scheme / offer / campaign would not be entertained under investor protection or grievance redressal mechanism of the Exchange.
Note : Securities shown above are only for illustrative purposes and not recommendatory in nature. The data represents best/cumulative figures till date.