Angel One Referral Code (2026): MUJUD — Free Demat & Vouchers

Angel One referral code is MUJUD. Enter this verified Angel One referral code (also called the Angel One introducer code) during registration to open a 100% free Demat account with zero account opening charges, ₹0 AMC for the first year, and zero brokerage on equity delivery for the first 30 days. You can also join the Angel One Refer and Earn program to earn attractive gift vouchers and referral rewards when your friends start trading.

Angel One Referral Code & Demat Overview

Here is a complete summary of the Angel One referral code benefits, account opening charges, and brokerage rates for 2026:

Angel One Introducer Code vs Referral Code: What Is the Difference?

Many first-time investors wonder whether there is a difference between an Angel One introducer code and an Angel One referral code. In practice, Angel One uses both terms interchangeably:

• Introducer Code: Historically, traditional full-service broking firms (like Angel Broking) referred to authorized partners as “introducers.” On the signup form, the input field may still say Introducer Code.
• Referral Code: In the modern Angel One Super App, this same code serves as your digital invitation code. Entering MUJUD in either field links your account to all promotional discounts and referral benefits.

Documents Required to Open Angel One Demat Account

Opening an account on Angel One is 100% paperless through Digilocker. Keep the following documents ready:

1. PAN Card: Mandatory for all Indian stock market transactions per SEBI guidelines.
2. Aadhaar Card: Linked to an active mobile number to complete eSign via UIDAI OTP.
3. Bank Account Details: Bank account number and IFSC code for instant penny-drop verification.
4. Income Proof (Optional): Required only if you wish to activate Futures & Options (F&O) trading (Bank statement for last 6 months or latest salary slip).

How to Apply Angel One Referral Code (Step-by-Step Guide)

Follow this step-by-step onboarding walkthrough to open your Demat account and apply the Angel One referral code properly:

Step 1: Download the Angel One app or open the official Angel One Signup Link.

Step 2: Enter your 10-digit mobile number. In the referral prompt field, ensure the Angel One referral code MUJUD is entered, then tap Next.

Step 3: Enter the OTP received via SMS to authenticate your mobile number.

Step 4: Enter your Full Name (as per your PAN Card) and your email address.

Step 5: Provide your PAN card number and Date of Birth. Angel One automatically fetches your KYC details from the central KRA database.

Step 6: Link your Bank Account by entering your Account Number and IFSC Code for seamless deposits and withdrawals.

Step 7: Connect via Digilocker to verify your Aadhaar card without needing to upload physical documents.

Step 8: Take a quick selfie for In-Person Verification (IPV) and digitally sign the application on your phone screen.

Step 9: Complete the final NSDL/CDSL eSign by entering your Aadhaar number and the OTP sent to your Aadhaar-registered mobile number.

Congratulations! Your Angel One Demat account application is submitted. Account activation typically takes just 2 to 4 hours, after which you will receive your Client ID and login credentials via email and SMS.

Angel One Brokerage Charges & Pricing (2026)

Angel One follows a transparent flat discount broking model across all market segments:

For more high-paying Demat referral opportunities, explore our pillar review on Demat account refer and earn and our master guide on best refer and earn apps in India.

Angel One Refer & Earn Program: Vouchers & Rewards

Once your Angel One account is active, you can invite your friends to start investing and earn valuable rewards:

• Referral Reward Vouchers: Depending on ongoing monthly campaigns, Angel One rewards referrers with gift vouchers worth ₹300 to ₹1,000 for top brands including Amazon, Flipkart, Myntra, and BigBasket.
• Referee Welcome Privileges: Your invited friend gets a free Demat account, zero AMC for the first year, and zero brokerage on delivery trades for the first month.
• How to Share: Open the Angel One Super App, tap on Account in the bottom navigation, and select Refer & Earn to copy your unique referral link and introducer code.

Angel One vs 5paisa vs Upstox vs Dhan

Here is how Angel One stacks up against India’s other top discount stock brokers:

Is Angel One Safe & Regulated? Credibility & Trust

Angel One is one of India’s safest and most trusted stock brokers. Formerly known as Angel Broking, the company was established in 1996 and has over 28 years of financial market experience. Key trust indicators include:

• SEBI Registration: Registered under SEBI Registration Number INZ000161534 and member of NSE, BSE, MCX, and NCDEX.
• Publicly Listed Company: Angel One Limited is traded on the National Stock Exchange (NSE: ANGELONE) and Bombay Stock Exchange (BSE: 543235), ensuring strict quarterly audits and financial governance.
• CDSL Depository Participant: Your shares and mutual fund units are held safely in your CDSL Demat account under your PAN, independent of the broker.

Statutory SEBI Risk Disclosure on Derivatives Trading

Per SEBI study findings: 9 out of 10 individual traders in equity Futures and Options (F&O) segment incurred net losses over FY 2021-22 to FY 2023-24, with an average loss of nearly ₹50,000 per trader. Over and above net trading losses, loss-makers expended an additional 28% of net trading losses in transaction costs. Trade responsibly and only invest capital you can afford to lose.

Frequently Asked Questions (FAQs)