While scratching Reward cards in Google Pay, I came across one scratch card offering free brokerage for opening a Demat account -
Doesn’t this violate NSE’s Code of Advertisement? Specifically, the rule relating to the distribution of money -
The Stock Broker shall not involve/engage in games/leagues/schemes/competitions etc. which may involve distribution of prize monies/medals/gifts, etc.
Wouldn’t this lead to overtrading by the user and also artificially inflate the active customer metrics of the Trading Member?