Demat account refer and earn. Below are the Top 10 Refer and Earn apps. Refer your friends and family members to these apps and earn unlimited. Each app offers a referral amount in different forms. Some offer direct cash; some offer gift cards of popular websites.
Table of Contents
What is a Demat account?
In simple Demat account is helpful to hold your shares and securities in electronic format. (For more details, Google it)
Requirements to open a Demat account
These are the main requirements to open a Demat account.
- Pan card
- Aadhaar card linked with mobile number
- Bank passbook (front page)
- Signature on white paper
- Passport-size photo.
Without any further delay. Jump into Demat account refer and earn apps.
Upstox
This is my favourite Demat app. Almost the best among other apps in terms of referring and earning, as well as money withdrawal.
Previously, Upstox offered ₹500 – ₹1000 per refer. Now they are offering only ₹50 – ₹100. Your friend has to place a trade to get that.
You can refer unlimited friends and family members.
Upstox referral code (or) UCC ID – 462302.
5Paisa
At the time of writing this post. 5paisa offers Rs.225 worth of Nifty Bees per refer also a lifetime brokerage share of 12.5%.
You can refer unlimited friends.
5paisa referral (or) promo code – “MANJ1483”
Angel one
Angel One, previously called Angel Broking,
at present Angel One offers ₹500 rupees per referral.
They offer referral money as a gift card. You have to redeem a gift card within 30 days.
You can refer a maximum of 5 friends in a month.
Angel One referral code (or) introducer code – MUJUD
Dhan
Dhan offers 20% brokerage commission. Your friend will get a free demat account.
There is no limit on referring friends.
Sign up with Dhan Referral code HCOKF60465.
Multipl
Multipl is not a demat account, but Multipl is India’s first high-yield account that earns while you spend.
The money you keep for food, groceries and travel – it sits idle in your bank earning almost nothing until you spend it. Earn up to 7%* returns via Liquid Mutual Funds while unlocking exclusive discounts from Amazon, Swiggy, Myntra and 100+ brands. No lock-in, no minimum balance, AMFI regulated.
Create an account and get ₹1000 worth of Amazon vouchers.
Refer and earn ₹250 directly into your bank.
Sign up with Multipl. Invite Code is 8U2LN.
Sharekhan
Sharekhan offers ₹400 on each referral only when They Generate ₹40 Brokerage.
There is no limit on how many friends you refer.
There is no Referral code; Sharekhan only offers a referral link. Create an account from the link below.
IndMoney
Indmoney Referral code is “MANAREHUSS”. Apply The Code while creating an account and invest in US Stocks from India. {They removed the referral offer}.
On Each Refer, INDmoney offers ₹300. Only when your friend invests over ₹1000 in US Stocks.
You Can Refer a Maximum of 5 People in a month.
ShareKhan
There is no referral code for Sharekhan Demat Account, only a link.
Sharekhan Refer and Earn ₹400 On Each Refer. When your friends generate ₹40 Brokerage. Your friends will get a free demat account.
reliance smart money
We have verified this Reliance Smart Money offer; they offer 500 rupees per referral
Reliance Smart Money offers referral money in the form of a gift card.
You can refer a maximum of 5 friends in a month.
Reliance Smart Money referral code – WE4KIA4829.
Zerodha
Zerodha offers very low money for referring friends. They offer 300 Reward points (which can be used only to buy products in the Kite by Zerodha app), and also you will get 10% of the brokerage.
Minimum redeem 1000, and you must refer at least 5 friends to withdraw this money.
They don’t have the option to apply the referral code. You have to sign up with the referral link.
They also charge some amount for account opening.
Groww ( no refer and earn)
Groww app offers 100 for each friend. There is no limit for referring friends in Groww.
They don’t have a referral code. You have to sign up with the referral link.
These are some of the best refer and earn demat apps. If you know other apps, contact us
Conclusion
Many other Demat accounts have refer and earn options. We will try to update that in the next few days. In the above apps, Angel One comes first. 5paisa, upstox, dhan, multipl, groww, Zerodha.