Zerodha Referral Program – How to, Benefits, T&C Etc.

Table of Contents

How to Refer Zerodha Account through Zerodha Kite?

How to Refer Zerodha Account through Zerodha Website?

Zerodha Referral Benefits

Zerodha Referral Terms and Conditions

How to Redeem Zerodha Reward Points?

Conclusion

Do you want to know about the Zerodha Referral Program and how to refer Zerodha account to others? Zerodha, like other brokers, also offers a referral program to generate passive income for investors. Anyone with an account on Zerodha can recommend or refer a broker to other potential investors and once an account is opened with Zerodha, referrals are eligible for brokerage benefits. Previously, a referral was only eligible for 300 reward points. However, as of January 1st, 2020, the Refer & Earn program of Zerodha was updated and now a referral will also receive 10% of brokerage paid by the referred investor to their Zerodha account.

Open an account with Zerodha.

How to Refer Zerodha Account through Zerodha Kite?

To refer a friend or family member to your Zerodha account, here are the steps or process you need to follow:

• Log in to Zerodha kite platform.
• Go to the back-office console.
• Click on the user ID on the top menu bar on the right side.
• Select “Rewards and Referrals”.
• A new page will open.
• To refer a friend, you need to enter your name, mobile number and email.

Now, you will receive an email from the referee to open a Zerodha online account. If the person you referred has already set up an account on Zerodha, then you will get a 10% Zerodha commission on your referral. Additionally, on every referral, you will get 300 Zerodha reward points, which you can use to subscribe premium Zerodha products (i.e. Streak for Algo trading, Sensibull for Options Trading and so on).

To see whether a referral is registered already, visit https://console.zerodha.com/refer and get a confirmation message immediately.

Check out our Zerodha Kite Review.

How to Refer Zerodha Account through Zerodha Website?

If you want to refer someone else’s Zerodha account, here is how to do it:

1. Register for a Zerodha Account

If you do not already have an account, you will need to register for one. To register for an account, go to the website Zerodha and complete the registration process and log in.

2. Navigate to the Referral Section

Once you are registered, you can go to the Zerodha Referral section. You can find the menu button, and click on the Refer & Earn option.

3. Find Your Unique Referral Link

You will find a link in the Zerodha Referral section that is unique to you and can only be shared with you and your friends. You can share the Zerodha referral link via email or social media. If you have a website or blog, you can share the link there too.

4. Share your referral link

Email your Zerodha referral link to your friends. Share your Zerodha referral link on social media, your website, or your blog if available.

5. Registration of friend

Your friend clicks on your Zerodha referral link. He / she will be taken to the registration page of Zerodha, and will need to provide his or her personal and financial details.

Once your friend has completed the registration process, he or she will need to activate his or her account according to the activation email.

6. Earning Referral Rewards

Your friend will be treated as a referred customer once he or she activates his or her account and begins trading. You will receive Zerodha referral rewards once your friend begins trading on your platform. Your referral rewards will automatically be added to your account.

Keep in mind that your Zerodha referral rewards will depend on which plan your friend chooses. Zerodha offers different plans for various traders and investor segments. Please refer to the Zerodha referral program’s terms and conditions for the most current information regarding rewards and eligibility.

Note: It is important to keep in mind that Zerodha changes the rules and rewards of the referral program, so always make sure you check the most recent ones before making any referrals.

Zerodha Referral Benefits

The benefits of a Zerodha referral are:

• 10% brokerage paid by the referred person.
• Ability to earn 300 reward points for every referral. You will get rewards for joining Zerodha. The welcome bonus is Rs. 100 and the reward points are Rs. 300 per referral against your subscription fee on the various products that Zerodha offers. This means that the points can be redeemed against products like LearnApp, Streak, Sensibull and smallcase, among others.
• You may withdraw referral commission from your registered bank account, but only if you are able to make a total payout (Rs. 1,000) with 5 people referred by you.

Zerodha Referral Terms and Conditions

There are several terms and conditions for every Zerodhareferral program.

• You must meet the following conditions to earn a reward:
• You must be referred to Zerodha by a person to whom you are referred
• You must have a minimum of 5 referrals to get referral earnings
• The minimum payout of the brokerage house is Rs 1,000
• You will not be able to earn Zerodha referral benefits if you have not opened an account within 60 days.
• If you have opened an account later, it will not be counted as a referral account and you will not be eligible to earn referral benefits.

Anyone in your circle can sign up for Zerodha. Just enter your name, mobile number and email ID, in the Console and one of the sales managers will call you and help you open an account.

Go through our article on Zerodha Charges – Account Opening Charges, Account Maintenance Charges etc.

How to Redeem Zerodha Reward Points?

Zerodha rewards points can be withdrawn or redeemed by referring your broker’s account to your friends and family.

Here is how to withdraw Zerodha rewards points:

1. First, log in to Zerodha’s Console.
2. Click on the “Client ID” option.
3. Under the “Rewards & referrals” menu, select “Rewards and Referrals.”
4. Scroll down to the bottom of the page.
5. Select “Redeem.”

Zerodha allows you to withdraw your reward points to use Zerodha’s trading platforms & tools such as Learnapp, Quicko, Sensibull, Smallcase, Streak, etc. and donate to NGOs.

Open an account with Angel One.

Conclusion

By following these steps, you will be able to increase your likelihood of recommending friends to receive Zerodha rewards through the Zerodha referral program. It is important to note that the more the number of referrals that you make, the more Zerodha rewards that you will be able to receive. Therefore, be sure to capitalize on this opportunity to generate additional income while promoting a superior trading platform.