IIFL Securities, also popularly known as India Infoline, is a largely popular full service stockbroker that offers trading and many more services on its platform. It has an active client base of 8.89 lakh and it offers several attractive refer and earn benefits to everyone involved in IIFL refer and earn program to fetch more customers.
In a refer and earn program, the existing client of a stockbroker has to refer the platform to someone who doesn’t have a demat account with that broker yet. After a successful sign-up, both parties are supposed to get rewarded by the broker while the broker earns a new customer as a reward.
IIFL also has a few refer and earn rewards for both the referrer and the referee. What are those? Well, let’s dive in and look at the IIFL refer and earn program in detail.
IIFL Refer and Earn Program
Before we talk about any reward, the more obvious question that bombards our mind is how to avail of those rewards. The case is the same with IIFL and before we dig deep to find out their refer and earn rewards, it is imperative we discuss how to claim those rewards first and what makes you eligible for the associated benefits.
Who can refer and earn in IIFL?
A person must already be an existing IIFL Securities customer in order to earn rewards by referring the stockbroker to the others.
Upon every successful referral, the referrer gets a ₹500 gift voucher within 15 working days and that can be claimed while shopping on premium platforms like Amazon, Flipkart, Myntra, BigBasket, etc.
The referee on the other hand gets a lot more benefits. A discount voucher of ₹ 5000 and free stocks up to ₹ 5000 get credited into the referee’s account within 7 days of demat and trading accounts opening.
IIFL Refer and Earn Dashboard
The IIFL Refer and Earn dashboard helps all the concerned parties keep a record of all the referrals. It keeps getting updated with fresh rewards every time a new successful referral is made.
You can access this dashboard on the IIFL mobile app or web terminal.
Let’s now have a quick look at how you can use the platform to refer your friend.
Login using your credentials like your mobile number
Go to Refer & Earn section
Put your registered mobile number again to get your referral link.
2. Web Terminal
Go to the official website of Indiainfoline website
Log in using your phone number
Claim your referral link.
Once you have your personal referral link, you can share it with your friends or anyone whom you want to refer to through different platforms.
IIFL Refer and Earn Terms and Conditions
IIFL has a very seamless Refer and Earn model where discounts and gift vouchers are given to the concerned people. However, it comes with certain terms & conditions that you must always keep in mind.
A referral is considered valid only if the referee logs into the IIFL app or website within 7 days of account opening and starts trading within 30 days of the same.
The minimum trading amount is set at ₹ 1000 which means the referee must place trades of at least ₹1000 within one month of demat account opening.
Only Intraday, Delivery, and F&O trades are covered under this program and free ETF trades aren’t deemed valid.
The referrer is only supposed to get any refer and earn benefits if the referee fulfills all the above-mentioned criteria.
The refer and earn benefits are supposed to be utilized within 60 days. If not claimed within that period, the benefits lapse.
There is an upper cap limit to the number of referrals an existing customer can make and it is 25 in a month.
The IIFL Refer and Earn program gives the existing customers an opportunity to get some benefits while shopping on premium platforms while it provides the referee with an IIFL free demat accountwhere they don’t have to pay any maintenance charges for the first year either.
IIFL securities also keep getting new clients with an attractive refer and earn an incentive. Therefore, it is a win-win situation for all the involved parties. If you already have a demat account with them, it is a good time to start referring IIFL Securities to your friends.
Want to earn instant cash, refer your friend now by filling in the detail in the form below: