Following revisions have been made to the conditions for winning and receiving the refunds for the popular Fyers 30 day challenge, brokerage refund initiative.
The revision has come into effect from 12th October, 2021.
- Brokerage refund for the winning participants is now limited to a maximum of 5000 INR per challenge. Previously the maximum limit was 10,000 INR.
- Minimum net profitability of 1000 INR is now required for you to receive the challenge certificate or the brokerage refund. Net profitability after deducting all associated charges in the P&L for the challenge period.
On a positive note, Fyers have stopped charging AMC charges ( is now a “No AMC brokerage firm” ) for all its client base.