As per the circular dated August 14, 2024, any individual referring a client to a stockbroker must be appointed as an Authorized Person (AP). Consequently, all clients wishing to refer family or friends must now be registered as APs with FYERS.

In compliance with this circular, we regret to announce the discontinuation of our referral program. Payouts for the month of August have been processed and will be the last one.

We appreciate your understanding and cooperation in adhering to these new regulatory requirements.

For more details, kindly refer to this circular.