Zerodha, with an active client base of 5.68 million users, has become India’s favorite and one of the best discount brokers in just its 11 years of operation. It offers so many attractive features at affordable pricing along with brand trust and ease of trading and Zerodha refer and earn is one of those features.
In a refer and earn demat account program, the users get to earn a commission by referring the stockbroker to other people and making them open an account to trade actively on the platform provided by the stockbroker.
Zerodha refer and earn program is no different. It gives handy returns to a person who completes the process of Zerodha sign up using the referral link. for a trading account on Zerodha. Are you interested in knowing more about it? Well, let’s just keep reading till the end.
How to Refer and Earn in Zerodha?
The most basic thing a person needs to avail of the benefits associated with the Zerodha refer and earn program is to have a demat account with them. It goes without saying that without being a client of Zerodha, a person can’t get the benefits of its to refer and earn program.
Once you have a trading account, all you have to do is to use Zerodha Console, use your credentials such as User ID and password to log in.
After that, you can start referring the stockbroker to your friends or the people you know.
The process of referring is quite simple. You have to go to the rewards and referrals page after logging in and put the details like the name, email, and mobile number of the person you wish to refer. That’s all!
To get the quick refer and earn reward, fill in the detail of the referral in the form below:
Zerodha Refer and Earn Amount
Zerodha offers a couple of things to its existing clients when they refer the stockbroker to other people. These things serve as a great incentive for people willing to earn some money by referring the stockbroker to other people.
As long as your friend keeps trading, you earn a 10% commission from every brokerage charge they pay on Zerodha.
Since the Equity Delivery trading charge on Zerodha is nil, one can only earn brokerage commission on Equity Intraday and F&O trading.
Other than this, for every referral, a person gets 300 reward points that can be redeemed later.
By redeeming those points, a person gets access to various paid investment tools and one of the best trading apps in india like Zerodha Streak and Sensibull to make better judgments while investing their money.
How to Withdraw Referral Money from Zerodha?
Not only does Zerodha give you 10% of the brokerage your friend ends up paying on Zerodha, but it also allows you to withdraw that money directly into your bank account. However, it comes with certain terms & conditions.
The referral wallet (that has the details of all the referral commission you have earned) gets updated in the first week of the following month.
For example, if you want to see the refer and earn the amount you have earned in January, you will have to wait till the first week of February.
You also need to have a minimum of 5 referrals and ₹ 1000 referral earnings in order to withdraw the refer and earn money for the first time.
Additionally, you don’t need to have at least 5 referrals from the next month if you want to withdraw the refer and earn a commission.
However, you must have at least ₹ 1000 in your account as referral earning from the second month before you can withdraw.
Zerodha Refer and Earn Terms and Conditions
Even though Zerodha has a very uncomplicated refer and earn model, it comes with certain terms & conditions that one must remember.
Only the referrals after 1st January 2020 are going to be counted under this program and the clients who have successfully referred Zerodha to their friends or family members before that period won’t get any benefit for those referrals.
Once you open the Zerodha Console and put the details of the friend you are going to refer Zerodha to, Zerodha gives a maximum time of 60 days for your friend to open a trading account on its platform.
If the referee doesn’t open an account within 60 days, the person who refers doesn’t get any Zerodha to refer and earn benefits.
Zerodha has been paramount in the stockbroking industry whether it be a discount stockbroker or a full-service stockbroker. With Zerodha refer and earn program, it gives everyone an opportunity to earn some money out of regular trading stuff, and in return, it builds a bigger customer base.
You too shouldn’t stay behind and make the best out of it by referring Zerodha to more and more people since it has such a profitable refer and earns model with such a well-established brand name.
Want to refer and earn demat account, fill in the detail of the referral in the form below and get an instant cash.