Best Refer and Earn Demat Account – Without Trading in India (₹1000)

Refer and Earn Demat Account – In today’s era of increasing unemployment, many people are turning referral marketing into a source of income, not only earning for themselves but also helping others by providing job opportunities.

Among referral apps, the Demat account, which is a stockbroker app, is the most popular, as it offers higher payments per referral. In India, there are numerous Demat accounts, and individuals are using them to become popular through marketing. These accounts can be effectively utilized to earn money.

Only 3% of people in India are involved in the stock market, despite a population of over 150 crores, indicating a significant opportunity. By taking advantage of this opportunity, individuals can not only earn for themselves but also provide jobs to others. Some Demat accounts are offering as much as 1,000 for a referral. Many individuals are treating this as a job opportunity, showcasing its potential.

Let’s discuss various types of Demat accounts that offer referral rewards.

✅ How it Works ✅

Before knowing the different accounts that offer referral rewards, it is important to know how the Refer and Earn Demat Account works? But before this we need to know what is Refer and Earn Demat Account?

• What is Refer and Earn Demat Accounts

The Refer and Earn Demat Account is a program initiated by stock brokers such as AngelOne, Upstox, 5Paisa, Groww, etc., where individuals can earn rewards by referring others to open a Demat account.

A Demat account is similar to a savings or current account in a bank, but it is specifically used for holding securities like stocks and bonds. When you buy stocks, they are deposited into your Demat account.

• How does it work?

Since AngelOne supports refer and earn program. So to earn money from it, with its help we open our own demat account. A referral link is given to refer us to the demat account. With the help of which we will ask anyone to open a demat account in AngelOne. If he does that. So I will be rewarded for referring from AngelOne. It works in three steps.

• Open a Demat account with a stock broker that supports the Refer and Earn program, such as AngelOne.
• Obtain a unique referral link from your Demat account, which you can share with friends.
• When your friends use your referral link to successfully open a Demat account, you receive rewards credited to your account.

So this is how Refer and Earn Demat Account works. Let us now know those demat accounts.

🚀 Refer and earn demat account in India 🤑

In India, there are several stockbrokers that offer the facility to open a Demat account and engage in trading. Some of them leverage referral marketing to expand their user base, allowing individuals to join by referring friends and family.

By referring others, users receive rewards, encouraging more people to join through referrals. This creates a network effect, with individuals earning more rewards as they bring in additional users. Compared to other apps, Demat accounts offer higher rewards per referral, with some providing up to ₹1000 for a single referral. This means that by referring just one friend daily, you could earn ₹30,000 in a month.

Here is a list of the best Refer and Earn Demat accounts, providing details on various options for you to explore.

✨ Refer and Earn Demat Account list in India 🏦

As I mentioned, there are numerous Demat accounts in India that provide an opportunity to earn through referral and earn programs, enabling a substantial income. Here, we have listed all those Demat accounts that are participating in referral and earn programs. Each Demat account offers a different referral amount for each referral. For your convenience, we have also mentioned the referral amount for each

Demat Account	Referral Ammount	Commision
AngelOne	₹250	N/A
Zerodha	300 Reward Points	10%
5Paisa	₹250	12.5%
Groww	Coming Soon!	Coming Soon!
Upstox	₹150	N/A
HDFC SKY	₹200	N/A
ICICI Direct	₹100	10%
mStock	₹555	N/A
IIFL Securities	₹500	N/A
Samco	₹150	10%
ShareKhan	N/A	20%
Paytm Money	₹400	50%
SBI Securities	₹300	N/A
Choice India	₹100	N/A
Fyers	N/A	20%
Stoxkart	₹300	15%
Bigul	₹300	15%
Dhan	N/A	20%
Ventura Securities	₹450	N/A
GCL Broking	₹500	20%

You can choose any of these Demat accounts and earn money through their referral programs. But where there might be some conditions you may not fulfill, such as trading and account opening charges. So let’s explore “Best Demat Account Refer and Earn – Without Trading”

🏆 Best demat account refer and earn – Without trading 📈

I understand that some Demat accounts may impose conditions on their Refer and Earn programs, making it challenging for participants. For instance, a Demat account might offer ₹500 per referral, but require a trading activity of ₹5000 or charge a brokerage of ₹250 to fulfill the conditions after opening the account.

These conditions can be a bit excessive, and some Demat accounts may also have account opening charges. Let’s consider a scenario where you refer someone and earn ₹500, but the account opening charge is ₹999. In such cases, potential users might hesitate to open an account as it could result in a net loss.

People are actively searching for Demat accounts that do not have such stringent conditions in their Refer and Earn programs. Ideally, they are looking for accounts without trading requirements, AMC (Account Maintenance Charge), and account opening charges.

While AMC is not a significant concern for actively used Demat accounts, it’s still mentioned for accounts that have this charge. Now, let’s delve into details about some Demat accounts that offer referral benefits without trading requirements, AMC, or account opening charges. Some of these include AngelOne, HDFC SKY, Groww, etc. Let’s explore each of these accounts comprehensively.

Here, we will focus only on Demat accounts that provide monetary incentives upon account opening.

Angel One Refer and Earn

#MainPoints	Details
Account Opening Charges	N/A
AMC	N/A
Trading	N/A
Referral Amount	₹250

Upstox refer and earn

#MainPoints	Details
Account Opening Charges	N/A
AMC	N/A
Trading	N/A
Referral Amount	₹150

5Paisa Refer and Earn

#MainPoints	Details
Account Opening Charges	N/A
AMC	N/A
Trading	N/A
Referral Amount	₹250 + 12.5%

HDFC SKY Refer and Earn

#MainPoints	Details
Account Opening Charges	N/A
AMC	Free for first year
Trading	N/A
Referral Amount	₹200

Now Gromo is offering only Rs 100 for HDFC Sky. Whereas Creditcode is giving Rs 200. CreditCode is also an app like Gromo. So now you can refer HDFC Sky through creditcode.

Share.Market Refer and Earn by PhonePe

#MainPoints	Details
Account Opening Charges	N/A
AMC	Free for first year
Trading	N/A
Referral Amount	₹400

💡 Important Terminology 💡

• Unique Referral Link – Your referral link has a unique referral code. Through which when the account is opened, it is tracked that you have referred it.
• Referrer – This term is used for the person referring. If you refer your friend. So you are called referrer.
• Referee – Whereas your friend, who has opened from your referral link. He is called the referee.
• Referral Date – This refers to that date. The day the referral is made. This is also called lead date.
• Activation Date – While this is that date. The day your friend opens the account. It is also called account opening date.
• Existing Clients – Those who already have an account. They are called exciting clients.
• Referrals Limit – Some demat accounts have a referral limit that limits the number of referrals you can make in a month or week. Doing more than that is not rewarded.
• Referral Reward – The reward given on referral. That reward is called referral reward.
• Brokerage Sharing – Some demat account offers brokerage sharing. This means that if your referee, i.e. the person you referred. He trades. So the amount of brokerage there will be during that trade. Will give some percentage of it. As
• Some demat account offer lifetime brokerage sharing, while others offer it for a specific duration like one year, two years, or even just one month.

So keep all this in mind before referring.

🚀 New demat account refer and earn list 2025 🚀

There are some demat accounts that are either new or do not have a large user base. For example, if you look at AngelOne, Groww, Zerodha, they are all very big. However, there are some demat accounts that do not even have 1 lakh downloads on the Play Store. Believe me, it is these demat accounts that bring big offers. Therefore, it is important to know the name and details of such demat accounts. However, if any offer comes, we will update it on the announcement page below.

💸 Refer and earn ₹1000 demat account – Highest refer and earn demat account list 💸

Some time ago, some demat accounts were offering up to ₹1000 or ₹1200 per referral. However, currently, there is no demat account that is offering such a high amount without any conditions.

If such an offer comes in the future, it will be updated here and on the announcement page.

Here are some tips for getting the best referral offers from demat accounts:

• Keep an eye on the announcement page
• Follow the social media pages of different demat accounts.

By following these tips, you will be able to stay up-to-date on the latest referral offers from demat accounts.

👉 Conclusion – Refer and Earn Demat Accounts 2025 👈

On this page, we have discussed refer and earn demat accounts. I hope you found this information useful and helpful. If you do, please feel free to give us your feedback. This will help us improve it further for you.

We have included all the refer and earn demat accounts for 2025. The refer and earn demat account list has been mentioned. If you have any questions or suggestions related to this, you can contact us.

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🔗 All Demat Account List in India 🔗

This is a list of all the active demat accounts in India. This list includes demat accounts that do not offer referral bonuses. Previously, the list only included demat accounts that offered referral bonuses. This is because that is what you were interested in seeing. However, this list includes all demat accounts so that you can check them periodically. It is possible that they may offer referral bonuses in the future.

Here is the list of all the active demat accounts in India:

Demat Account	Website
Angel One	View Website
Groww	View Website
Zerodha	View Website
Upstox	View Website
5Paisa	View Website
IIFL Securities	View Website
ICICIdirect	View Website
HDFC SKY	View Website
Fyers	View Website
Kotak Securities	View Website
Motilal Oswal	View Website
SBI Securities	View Website
Sharekhan	View Website
Edelweiss (Nuvama)	View Website
Bajaj Finserv	View Website
Axis Direct	View Website
Emkay Global	View Website
Appreciate	View Website
Choice India	View Website
IIFL Securities	View Website
Paytm Money	View Website
mStock	View Website
Univest	View Website
Dhani	View Website
Geojit	View Website
SMC Global	View Website
Alice Blue	View Website
Samco	View Website
Ventura	View Website
Anand Rathi	View Website

We have provided the names and websites of all the active demat accounts in India. You can visit their websites to find out more information. However, you don’t need to do all that.

This page is designed just for you. This means that all the information you need will be updated here. If any demat account comes up with an offer later, it will be announced here.

Moreover, if any demat account makes changes to its refer and earn offer, such as increasing or decreasing the amount, the update will also be available here.

Here are some additional points to keep in mind:

1. Always compare the features and charges offered by different demat account providers before opening a demat account.
2. Read the terms and conditions carefully before signing up for any referral and earn offer.
3. Be aware of the risks involved in trading and investing.

I hope this information is helpful!

📢 Announcement of best refer and earn demat account (2025) 📢

Date	Announcement
03/04/2024	Now HDFC Sky referral amount has changed. above you can see.
05/04/2024	I have removed the Groww Demat account because it is not offering any referral benefits.
07/04/2024	I have added a new Demat account. Its name is Share.Market, and it has been launched by PhonePe.

Frequently Asked Questions (FAQ)