QNET COMPENSATION PLAN
Questions and Answers Q24. How can an IR receive his/her earned RSP? The RSP will be credited to the RSP Bank accessible from the IR’s Virtual Office (VO) within two (2) weeks of the transaction date. Q25. How can an IR redeem RSP with either cash or BV? Answer: IR can use the RSP Settlement module available in the Virtual Office (VO) to redeem his/her earned RSP with cash or BV within six (6) months (two (2) quarters) from the issuance date. Q26. Are RSPs still valid if the IR fails to redeem it with cash or BV within 6 months of the issuance date? Yes, RSP will be automatically converted into cash after six (6) months of the issuance date. Q27. What is the cash and BV equivalent of the earned RSP? The table below shows the cash and BV equivalent of your RSP.
RSP
Cash Equivalent, INR
BV Equivalent BV
60
INR
550
20
120
INR
1100
40
300
INR
3300
160
600
INR
8250
420
1,000
INR
16500
900
*A balance RSP will be calculated into cash using a proportion rate based on 60 RSP. RSP will be automatically converted into cash after two (2) quarters and directly credited to the Commission Payable Account.
Q28. Will the IR earn RSP from the repeat sales made by all downlines? No. Only Active IRs can earn RSP from four (4) level downlines by referralship. Q29. Is the BV earned from RSPs counted to the IR’s Group Repeat Business Volume (GRBV) and Group Business Volume (GRBV)? Yes. Q30. What is ‘Spill-over’ Business Volume (BV)?
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