Refer and Earn Demat Account List in India – Here we have mentioned all those demat accounts that support referral and earn programs. There are many demat accounts today that support referral and earn programs. However, only a few demat accounts are worth referring to.

Best Refer and Earn Demat Account List in India 2024

For example, let me tell you; there is a demat account that offers a referral reward of 500 rupees. But it has some terms and conditions. Such as opening the first account and then trading. Trading also requires a minimum of 1000 rupees, some even require 5000.

Now, who would trade for just 500 rupees? Some demat accounts offer a referral of 500 rupees, but the account opening charge is 1000 rupees. So, in order to earn 500 rupees through referral, you’ll have to pay 1000 rupees. In such cases, there is a loss of 500 rupees. The limit is crossed when they ask for 100 rupees, 250 rupees, or 500 rupees brokerage to be completed. Trading lakhs will be required for a brokerage of 500 rupees.

It is better to stay away from such demat accounts. You will only know all this when you read their terms and conditions. You need to pay attention to the following points in the terms and conditions.

Here, considering all these things, we have separated these many demat accounts. Before looking at these demat accounts, let me tell you that there are also some demat accounts that offer some money for referral rewards on account opening and some trading. In this way, we will open an account and take the opening reward. Whereas trading can be left.

For example, Yes Securities is offering 1700 rupees on a referral. But it will only give 200 rupees on account opening and 1500 rupees on trading. In this way, you can earn only 200 rupees by just opening an account if you want. This list of referral and earn demat accounts also includes such demat accounts.

However, we will tell you how much is given on account opening and how much will be given on trading. We will also tell you how much trading is required.

Full Details

Refer and Earn Demat Account List in India

Demat AccountReferral AmmountCommision
AngelOne₹250N/A
Zerodha300 Reward Points10%
5Paisa₹25012.5%
GrowwComing Soon!Coming Soon!
Upstox₹150N/A
HDFC SKY₹200N/A
ICICI Direct₹10010%
mStock₹555N/A
IIFL Securities₹500N/A
Samco₹15010%
ShareKhanN/A20%
Paytm Money₹40050%
SBI Securities₹300N/A
Choice India₹100N/A
FyersN/A20%
Stoxkart₹30015%
Bigul₹30015%
DhanN/A20%
Ventura Securities₹450N/A
GCL Broking₹50020%
Refer and Earn Demat Account list in India

Best Refer and Earn Demat Account List

Angel One Refer and Earn

#MainPointsDetails
Account Opening ChargesN/A
AMCN/A
TradingN/A
Referral Amount₹250
AngelOne maintains a separate identity for Refer and Earn Demat Accounts. There was a time when it offered ₹1000 for a referral, but now it provides ₹250 to ₹300 per referral. It does not charge an account opening fee but has maintenance charges. However, it currently does not impose AMC charges for the first year. Trading is not necessary for referring someone to AngelOne.

Upstox refer and earn

#MainPointsDetails
Account Opening ChargesN/A
AMCN/A
TradingN/A
Referral Amount₹150
Upstox, at one point, offered ₹1200 for a referral, which is now reduced to ₹150. Still, it is good for referral and earn as it has zero account opening charges and AMC charges. There is no requirement to trade to avail of referral benefits, and the referral amount is credited promptly.


5Paisa Refer and Earn

#MainPointsDetails
Account Opening ChargesN/A
AMCN/A
TradingN/A
Referral Amount₹250 + 12.5%
5Paisa offers ₹250 and 12.5% brokerage for each referral. The 12.5% brokerage is applicable only for 60 days, so there is no need to worry about long-term commitments. Despite the brokerage, 5Paisa’s referral and earn program are decent as there are no additional charges, and trading is not mandatory.

HDFC SKY Refer and Earn

#MainPointsDetails
Account Opening ChargesN/A
AMCFree for first year
TradingN/A
Referral Amount₹300
HDFC SKY is introduced by HDFC Securities and provides a referral and earn feature. Although the referral and earn page was removed some time ago, you can still earn money by referring others, but you need to use the Gromo app for that. Besides HDFC SKY, Gromo App offers referral opportunities for various demat accounts without the need to open an account yourself. Download the Gromo App now.
Gromo

Conclusion – Refer and Earn Demat Account List

I hope you found this Refer and Earn Demat Account List helpful. We always include new demat accounts. However, remember to read the terms and conditions before opening an account with any demat account, so you can avoid losses. Most demat accounts have such terms and conditions that can cause losses later. Although I explain such demat accounts, you should still check them yourself because we will not be responsible for any financial losses.

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