Likewise other brokers, Zerodha also have a referral program to provide a source of passive income to investors. Anyone who has an account with Zerodha can suggest or refer the broker to other potential customers and once they open an account with Zerodha then referrals can get brokerage benefits. Under the Zerodha referral program, earlier, the referral was only entitled to get 300 reward points but w.e.f. 1st January 2020, the Zerodha refer & earn program has been updated and now, a referral will also get 10% of the brokerage paid by the person whom they refer to Zerodha account.
How to refer Zerodha Account to others?
Steps or process to refer Zerodha account to a friend and family members are provided here as under:
A referral is eligible to get following benefits;
No doubt, every referral program comes with several terms & conditions. To earn a reward with Zerodha referral program, the following conditions must be met out;
Last updated on 25th Jul 2020
Yes, anybody from your family and friends group can join Zerodha. All you have to do is to provide vital information such as name, email ID and mobile number of the person to be contacted in the Console option. Then, one of the sales managers will call that referral and help them in opening an account with Zerodha. You will get rewards for this activity if the referred person comes on board.
You can use the welcome bonus of Rs. 100 and reward points of Rs. 300 on each referral against the subscription fee on various products offered by Zerodha. It means the points are redeemable against products such as Streak, Learnapp, Sensibull, smallcase, and others. However, you can withdraw referral commission to your registered bank account but only if the total payout of Rs. 1,000 is available with 5 persons referred by you.
Steps to refer Zerodha account