Best Refer and Earn Demat Account Program | Best Stock Broker Referral Program
Best Refer and Earn Demat Account - In today’s internet age, several ways exist to create a solid passive income source. One such best way is a demat account referral program, also known as a stockbroker referral program. In this post, we’ll learn about the best Refer and Earn Demat account program in India, and how much money you can make using these stockbroker referral programs.
How does the Demat Referral Program work?
Before we start exploring the Refer and Earn Demat Account list and their referral offerings, it is important to know what is Refer and Earn Demat Account is and how the Demat Referral program works.
- What is Refer and Earn Demat Account?
The refer and earn Demat account is a referral program initiated by stockbroking platforms such as Zerodha, Angel One, 5Paisa, Dhan, etc. With these stockbroker referral programs, you can earn rewards when someone opens a demat account using your referral code/link.
- How does it work?
The demat referral program works on a simple phenomenon of creating your own demat account on the stockbroker app and thus you’ll get your own referral code/link for sharing. Here are the steps:
Open Demat Account - Sign up on a stockbroker platform that provides Refer and Earn program, such as Angel One, Dhan, etc.
Get Referral Code/Link for Sharing - Once you signup on the app, copy your unique referral code/link for sharing.
- Share & Earn Rewards - Now share your referral code/link with friends, family and colleagues to earn referral rewards.
Best Stockbroker Referral Program in India
Unlike full-time stock trading firms like Motilal Oswal, HDFC Securities, etc., several emerging stock trading platforms are active in India and offering lucrative referral rewards. Some of them are also offering exciting signup bonuses, free Demat account openings, zero AMC charges, trading tools, and much more.
By referring friends and family to these apps, you not only earn referral rewards but also brokerage commissions for a lifetime. Moreover, Demat accounts offer higher referral rewards, with some best stockbroker referral programs in India providing up to Rs.1000 for a single referral. This means you can earn up to Rs.30,000 monthly by referring just one app in your network.
Here is an updated list of the best Refer and Earn Demat accounts, providing details on various stockbroker refer and earn offers for you to explore.
Best Refer and Earn Demat Account List
Refer to the below table for the best Refer and Earn Demat account programs in India.
*there might be a change in referral amount or commission earnings as per the new referral program.
Angel One Refer and Earn
Angel One is one of the best stock trading apps in India today. This app also provides the most lucrative refer and earn Demat Account Programs till date. With the Angel One refer and earn program, you can earn up to Rs.750 gift voucher per referral (previously it was Rs.1000). Also, they offer a welcome bonus of Rs.300 gift voucher on opening a free Demat account online. However, the annual maintenance fee (AMC) is free for first year only.
Read out the complete Angel One referral code program details here!
Dhan Refer and Earn
Dhan is another stockbroking platform that offers the best refer and earn demat account program. However, it has stopped the signup bonus of Rs.250 and 50% brokerage discount for women investors, but it still has the best Demat referral program. It is currently offering 20% brokerage commission whenever your referred friends trade on Dhan app. Also, Dhan offers free demat account opening, zero AMC and access to stock charts and other trading tools on its platform.
Read more about Dhan Referral Code Program here!
Upstox Refer and Earn
Upstox once offered the best stockbroker referral program in India. At that point, Upstox provides a signup bonus of Rs.500, which is now reduced to Rs.300. Still, it is good for referral and earn as it offers 20% brokerage commission as a referral reward for just 12 months. Also, their Demat account opening and AMC charges are nil and there is no requirement to trade to avail referral rewards.
Read more about Upstox Refer and Earn Program here!
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