Zerodha Refer and Earn Program Review

Zerodha is one of India’s most popular stock brokers, with referral programs that provide investors with a passive income stream. Zerodha has a referral program in which users can suggest friends and earn bonuses and commissions.

If you are unfamiliar with this program, you may learn about it here, including the Zerodha referral program and its exclusive perks. So, let’s get started!

What is Zerodha Referral Program?

Unlike other online brokers, Zerodha also has a customer referral program. It is well-known as a low-cost online broker that attracts customers through referrals and unusual approaches. The business partner program and the Zerodha recommend and earn program are the two authorized methods for referring others to Zerodha.

Zerodha, on the other hand, will be renewed on January 1, 2020. It used to simply offer 300 reward points to its customers, but now it now allows them to earn 10% of the money paid by the referral in addition to reward points.

If you are an existing Zerodha user, you can earn 10% of the brokerage fee paid by the client you refer, as well as 300 reward points to go towards premium products and partner services offered by this reputable trading platform.

Also Read: Is it safe to trade and invest on Zerodha?

Key Facts About Zerodha Refer and Earn Program

  • This procedure only applies to referrals filed on or after January 1, 2020.
  • It is required that the person you referred open an account within 60 days; otherwise, it will not be considered a recommendation, and you will not be eligible to earn.
  • This program is open to all current Zerodha customers.
  • You only need to give Zerodha an email and a phone number when giving the client a reference.
  • For the rest of your life, you can receive 10% of the brokerage paid by the referrer.
  • You can gain new clients by simply generating an affiliate link and promoting it on social media.
  • Providing referral clients has no bounds.
  • You can earn a commission by referring Zerodha to anyone in India who is 18 or older.

Who can join Zerodha Refer and Earn Program?

The Zerodha recommend and earn policy applies to everyone. This program is open to anyone with a Zerodha trading account who wants to quickly make a passive income. It’s a scheme where you may recommend more individuals and earn more money according on how much brokerage the people you refer pay.

You can go in to the back office to manage your trading account and invite friends to join Zerodha. This is a reliable approach to refer people and earn a lot of money. You may effortlessly recommend Zerodha to your family, friends, and relations and earn 10% of the commission.

Also Read: What are Nifty Bees and how can I trade them on Zerodha?

How to refer to a Zerodha account and earn? 

It’s simple and easy to refer and earn if you’re a Zerodha customer. We outlined the methods for referring and earning with Zerodha here.

  • Step #2: Now, click on the profile pic with your user ID to reveal the Rewards & Referrals option; select it.
  • Step #3: Now you can either share your referral link with your friends and family or fill in some basic information about the person you wish to suggest, such as their name, email address, and phone number.
  • Step #4: The person you referred will receive an email with instructions on how to register an account on Zerodha online, or one of the Zerodha sales managers will call and assist them.
  • Step #5: Once the individual you referred establishes an account, you will receive a $300 referral commission, or 10% of the brokerage. You can also earn a referral commission per month, which you can cash out after a minimum of 5 referrals pass the 1000-point level.

NOTE: Double-check that the person you referred can register a Zerodha account within 60 days. If a customer opens an account after 60 days, you will not be eligible for referral rewards because the client will not be considered a referral.

Benefits Of Zerodha Referral Program 

  • It’s simple to introduce people to Zerodha and earn a passive income.
  • By mentioning Zerodha, anyone can start earning referral revenue and commission.
  • One might earn 10% of the brokerage amount paid by the person who refers them to Zerodha.
  • Referring this platform to family and friends is a simple way to earn 300 reward points. The reward points can be used to subscribe to Zerodhas paid goods such as streak, smallcase, and learn the app.

Final Thoughts 

Zerodha is a trustworthy platform that recently introduced new referral bonuses based on a factor machine. With the improved recommend and earn program, you’ll get 300 points for each successful referral and 10% of the client’s brokerage fee. It allows everyone to take advantage of this strategy and a fantastic opportunity to make a lot of money.

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Frequently Asked Questions

Whom I can refer to Zerodha to earn exclusive benefits?

The Zerodha recommend and earn program is open to everyone, and you can easily refer anyone to it. You can invite family members, relatives, friends, and anybody else you choose to join this program. You only need to submit the referral’s name, phone number, and email address, and the income manager will follow up with them.

Is it possible to use the Zerodha reward points?

Sure, you can make use of Zerodha’s reward points. It gives you 100 points as a welcome bonus and 300 points for all referrals. These reward points can be redeemed for Zerodha subscriptions. In comparison to Streak, Learnapp, Sensibull, smallcase, and other apps, the reward points can be redeemed. Also, if you receive a total payout of Rs. 1,000 from a minimum of 5 referrals, you can withdraw referral commission to your bank account.

Are there any restrictions that can barricade my referral commission? 

Yes, you must create an account for the person you are referring to within 60 days. You will not be able to earn the referral commission if the account is not opened within a certain amount of time.

How can I become a Zerodha partner? 

You can become a Zerodha partner in one of two ways: either through the Business Partner program or through the Consumer Referral program.

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