Yes, the validity is 365 days from the date the points were generated. You can check your referral points by going to the profile icon from the top right corner of the home screen of your app and clicking on refer and earn.
After accumulating minimum 1000 referral points, referrer(you) can request for redemption. Here are two options they have:
a. 1 Referral point = 1.33 Indian Rupees, you can opt to transfer referral points to net off future brokerage (future brokerage validity is 365 days from the date of redemption)
b. 1 Referral point = 1 Indian Rupee, you can opt to transfer referral points to equity/MF ledger
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