Best Refer And Earn Demat Account

Published on January 8, 2024

Looking for Best Refer and Earn Demat Account? Read our article of the top refer and earn demat account and start earning rewards today!

There are many ways to make extra money, but some are more time-consuming or difficult than others. If you're looking for an easy way to make some extra cash, look no further than referral and affiliate programs!

A great example is a Demat account referral program. You can easily find these by doing a quick online search.


Signing up for one of these programs and referring your friends can earn extra cash with little effort! So what are you waiting for? Get started today!

Best Refer And Earn Demat Account

Details

Paytm Money Demat Account:

Get Up To ₹200 On Sign Up | ₹300 Per Refer

Upstox Demat and Trading Account

Referral bonus up to Rs 200

Groww Demat Account

Signup Bonus Up to Rs 5 | Earn per Referral Rs 50

Zerodha Demat Account

₹ 500 Gift Voucher Per Refer

IIFL Securities Demat Account

₹ 250 Sign Up Bonus & ₹ 500 Per Refer

Angel One Demat Account

300 reward points & 10% of the brokerage Per Refer

ICICI Direct Demat Account

Refer & Earn ₹ 51

5Paisa Demat Account

Refer & Earn ₹ 100

Bajaj Finserv Securities Demat Account

Refer & Earn ₹ 75

Motilal Oswal Demat Account

₹ 5 Sign Up Bonus & ₹ 50 Per Refer

Recommended
Best Refer And Earn Demat Account

Paytm

Paytm Money is a new online investment option quickly gaining popularity and it is a subsidiary brand of Paytm, an RBI-approved Indian payment system.

Overall Rating: 4/5

Best Refer And Earn Demat Account

Upstox

Upstox is a leading stock broking firm that provides Demat and trading services at very competitive rates.

Overall Rating: 3/5

Groww

Groww is an investing platform where you can invest in Direct Mutual Funds for free. With Groww, you can start investing in Mutual Funds with zero commission.

Overall Rating: 5/5

10 Best Refer and Earn Demat Account Apps

1. Paytm Money Demat Account:

RBI Approval: Investing your money can be a tricky business and with so many options on the market, it can be difficult to know where to put your hard-earned cash.

However, Paytm Money is a new online investment option quickly gaining popularity and it is a subsidiary brand of Paytm, an RBI-approved Indian payment system.

Users can invest their money into Paytm Money Stocks, Mutual Funds, IPO, NPS, F&O, etc.

options, and the company has seen tremendous growth since its launch in 2016 and shows no signs of slowing down.

Paytm Money is an excellent choice for people wishing to invest their money online due to its user-friendly design and competitive rates.

It supports a fully digital KYC process and 100% paperless account opening. KYC is finished in 24 hours.

To keep track of changes in the price of up to 50 stocks in real time, you can set price alerts and make different watchlists.

The app also allows you to view charts and analysis to help make informed investment decisions.

Overall, the Paytm Money Demat account is a helpful tool for anyone interested in tracking the stock market or making investments.

Refer and earn:

To start investing with Paytm Money, simply download the app and sign up for an account.

Once you've registered, you can start transferring money into your investment account and begin earning interest on your investment.

What's more, if you refer a friend to Paytm Money, you'll both earn a Rs 300 bonus! So why not give it a try today and start earning money on your investment.

INFORMATION

  • Minimum investment of Rs 100
  • User-friendly interface
  • Competitive rates
  • Referral bonus of Rs 300
  • RBI approved

2. Upstox Demat and Trading Account

Upstox is a leading stock broking firm that provides Demat and trading services at very competitive rates.

It has a wide range of products and services to offer its clients, and its Demat account is one of the most popular.

The account comes with a free Demat account option, with very low intraday charges. 

Upstox also offers a wide range of products and services, such as mutual fund investing, portfolio management, and research services.

Leading online stock broker in India, Upstox provides traders with convenient and economical trading services.

Upstox's user-friendly interface makes it simple for anyone to begin trading stocks. For customers who like to trade while on the go, the firm now provides a smartphone app.

On the same day, only 80% of the selling amount of Demat holdings will be tradeable.

At the same time, the following day will be the trading day for the remaining 20%. Those who want to trade stocks will find this account to be quite helpful.

Refer and earn:

Upstox offers a Refer and Earn program, where users can earn up to Rs 2,000 for referring friends.

To participate in the Refer and Earn program, simply sign up for an account and start referring your friends.

You will both receive a Rs. 400 incentive for each person who registers and successfully completes the KYC process. So why not start referring today and earn some extra cash.

INFORMATION

  • Minimum investment of Rs 300
  • User-friendly interface
  • Competitive brokerage charges
  • Paperless
  • Referral bonus up to Rs 200 per referral

3. Groww Demat Account

Groww is an investing platform where you can invest in Direct Mutual Funds for free.

With Groww, you can start investing in Mutual Funds with zero commission.

You can also invest in other options like Equity, Index Funds, ETFs, and more. Groww also offers a paperless online Demat account opening.

It charges ₹20 or 0.05% for equity delivery and equity intraday and the account opening fee and Demat AMC charges are zero.

Groww Demat account is a 3-in-1 account that includes a savings account, Demat account, and trading account.

It is one of the most popular Demat accounts among the new investors.

The company has seen tremendous growth since its launch and has been able to attract a large number of customers.

The Groww Demat account is very user-friendly and offers users a wide range of features.

Groww offers an online platform for investing in mutual funds in India. Users can simply invest in mutual funds, SIPs, and IPOs thanks to it.

For customers who like to trade while on the go, the firm now provides a smartphone app.

For people who desire to invest in the stock market, a Groww Demat account is quite beneficial.

Start investing with Groww right away to take advantage of the advantages of opening a paperless online Demat account.

Refer and earn:

Groww's refer and earn program is a great way to do it if you want to earn some extra money.

Simply download the app, register for a Demat account, and invest in stocks. Then, go to the profile icon and tap on the 'Share and Earn Rewards' option. When your friends open their own Demat account, you'll receive ₹100. It's that easy! So why not start referring today?

INFORMATION

  • Paperless account opening
  • One-Click Order placement.
  • Safe and secured app.
  • Instant paperless account opening

4. Zerodha Demat Account

India's top online stock broker, Zerodha, provides convenient and reasonably priced trading services.

Zerodha makes it simple for anyone to begin trading stocks with its user-friendly and straightforward interface.

For customers who like to trade while on the go, the firm now provides a smartphone app. 

Those who desire to trade stocks might benefit greatly from having a Zerodha Demat account.

It offers brokerage free equity delivery and flat ₹20 or 0.03% charges for intraday and F&O. Rs.200 account opening fee (Offline account opening fee is Rs.400) and Rs. ₹300 annual maintenance fee.

Equity sell charges are 0.0025% on the sell side. They also have Zerodha Pi, which is a desktop trading platform with advanced charts and a plethora of other features.

Overall, Zerodha is a great choice for those looking for a discount broker.

Zerodha charges ₹20 or 0.03% (whichever is lower) per executed order for equity delivery and equity intraday trades and the account opening fee and Demat AMC charges are zero.

Zerodha Demat account is a 3-in-1 account that includes a savings account, Demat account, and trading account.

Refer and earn:

Zerodha also offers a Refer and Earn program, where users can earn up to Rs 500 for referring friends.

To participate in the Refer and Earn program, simply sign up for an account and start referring your friends.

For each friend who signs up and completes the KYC process, you'll both earn a Rs 300 bonus. So why not start referring today and earn some extra cash.

INFORMATION

  • Paperless account opening
  • Free equity delivery trading
  • Lightweight mobile app
  • Referral bonus of Rs 300 per referral

5. IIFL Securities Demat Account

IIFL Securities is a leading online stock broker in India, offering affordable and convenient trading services.

With its simple and easy-to-use platform, IIFL Securities makes it easy for anyone to start trading stocks.

The company also offers a mobile app for users who prefer to trade on the go. IIFL Securities Demat account is very beneficial for those who want to trade in the stock market.

Opening a Demat account with IIFL Securities is quick and easy, and best of all, it's free.

There are just Rs.250 Demat account maintenance fees and Rs. 20 each executed order for intraday and F&O transactions.

Equity delivery is a fantastic way to invest in the stock market because it is fee-free.

Additionally, it provides NRI Trading, allowing you to maximise your investment from anywhere in the world. Why then wait? Create an account today to start benefiting from it.

IIFL Securities account charges are Rs 2000 for a broker assisted transaction and Rs 500 per transaction for online trading.

The account opening fee and Demat AMC charges are zero. So if you're looking for a hassle-free way to trade in shares, an IIFL Securities Demat account is a good option to consider.

Refer and earn:


IIFL Securities also offers a Referral program, where users can earn up to Rs 2500 for referring friends. To participate in the Referral Program, simply sign up for an account and start referring your friends.

For each friend who signs up and completes the KYC process, you'll both earn a Rs 500 bonus. So why not start referring today and earn some extra cash. You get free₹500 Amazon vouchers when you open an account with them.

INFORMATION

  • Paperless account opening
  • Free equity delivery trading
  • Lightweight mobile app
  • Referral bonus of Rs 500 per referral
  • 3-in-1 account ( saving, Demat, trading)

6. Angel One Demat Account

Leading Indian online stock broker Angel One provides convenient and reasonably priced trading services.

Angel One makes it simple for anyone to begin trading stocks with its user-friendly and straightforward platform.

For customers who like to trade while on the go, the firm now provides a smartphone app.

A full-service brokerage company, Angel One provides a vast array of financial products and services at extremely affordable rates.

The fact that Angel One offers its consumers free financial advisory and research tools is one of the key benefits of using the company. This assists investors in making wise investment decisions.

Also, Angel One has extremely cheap brokerage costs for equities, intraday, F&O, and commodity trading is another significant benefit of using it.

Due to this, it is the best option for investors who wish to reduce their investing costs.

Angel One is, all things considered, a fantastic option for investors searching for a full-service brokerage company with affordable fees and a tonne of features and advantages.

It's simple to open a Demat account with Angel One, and best of all, it's free.

Only Rs 20 would be paid for each executed order, including intraday and F&O. Equity delivery is a fantastic way to invest in the stock market because there is no brokerage fee.

Additionally, it provides NRI Trading, allowing you to maximise your investment from anywhere in the world.

Why then wait? Create an account today to start benefiting from it tomorrow.

Refer and earn:


Angel One's Referral program is a great way to earn extra cash.

Simply sign up for an account and start referring to your friends and for each friend who signs up and completes the KYC process, you'll both earn a Rs 500 bonus.

Plus, you can earn up to Rs 2500 for referring friends. So why not start referring today and earn some extra cash.

INFORMATION

  • User friendly
  • Free equity delivery trading
  • Lightweight mobile app
  • Invest Easily & Earn Better
  • higher returns
  • Multiple accessing options

7. ICICI Direct Demat Account

ICICI Direct is one of the largest and most popular stock brokers in India.

At extremely affordable rates, the organisation provides a wide variety of investment products and services, including Demat accounts. 

Another major advantage of using ICICI Direct is that it charges very low brokerage fees for equity, intraday, F&O, and commodity trading.

This makes it an ideal choice for investors who want to save on their investment costs.

Overall, ICICI Direct is a great choice for investors looking for a full-service brokerage firm with low fees and plenty of features and benefits.

Opening a Demat account with ICICI Direct is quick and easy, and best of all, it's free and you'll only be charged Rs 20 per executed order or for intraday and F&O.

With equity delivery being brokerage free, it's a great way to invest in the stock market.

Plus, it also offers NRI Trading, so you can make the most of your investment no matter where you are in the world. So why wait?

Open an account today and start reaping the rewards tomorrow.

Refer and earn:

ICICI Direct is one of India's leading online brokers, offering a great referral program.

If you refer a friend to open an account with them, you will receive ₹600 for each successful referral.

Normally, you will receive a bonus of 250 when your buddy establishes an ICICI Direct Demat account and a further 350 when they make their first transaction, but that's not all!

You can also join their affiliate program and earn 35% revenue sharing for a lifetime.

To join, simply fill out a basic form, and they will contact you for further information and with this program, you can earn high passive income by simply referring friends to ICICI Direct.

So don't wait; sign up today and start earning!

INFORMATION

  • User-friendly platform
  • Free equity delivery trading
  • Lowest brokerage fees
  • Best in class research and advisory services
  • Offers NRI trading services

8. 5Paisa Demat Account

5Paisa is a leading online broker in India that offers a Demat account with no account opening charges and nil annual maintenance charges.

5Paisa also offers one of the lowest brokerage rates in the industry at 0.5% for delivery trades and just Rs 20 per executed order for intraday and F&O trades. 

The firm also provides several unique features, such as 3-in-1 account linking, which allows you to link your bank account, Demat account, and trading account with 5Paisa.

This makes funding your trading account and transferring securities very convenient.

Another major advantage of using 5Paisa is that it offers a mobile trading app that is very user-friendly and allows you to trade on the go.

This is a great benefit for investors who want to be able to trade while they are away from their computers.

Overall, 5Paisa is a great choice for investors looking for a full-service brokerage firm with low fees and plenty of features and benefits.

Indian investors have a plethora of choices when it comes to stockbrokers.

However, not all stockbrokers are created equal. 5Paisa is a lesser-known stockbroker that offers some unique advantages to its clients.

For starters, 5Paisa offers a free Demat account, which is rare in the world of Indian stockbrokers.

5Paisa has its own mobile app, which makes trading on the go a breeze and best of all, 5Paisa charges only ₹20 per executed order, making it one of the most affordable stockbrokers in India.

Of course, there are some drawbacks to using 5Paisa, for instance, the annual maintenance fee is slightly higher at ₹540.

But all things considered, 5Paisa is a solid choice for Indian investors who are looking for an affordable and user-friendly stockbroker.

Refer and earn:

5Paisa is currently running a great referral program. For every friend that you refer to 5Paisa, you will receive ₹500.

Plus, your friend will also get ₹500 as a sign-up bonus. That's a total of ₹1000 for each successful referral. So what are you waiting for? Start referring today and start earning big.

INFORMATION

  • Free Demat account
  • User-friendly mobile app
  • Lowest brokerage fees in India
  • Affordable annual maintenance fee
  • Great referral program

9. Bajaj Finserv Securities Demat Account

Bajaj Finserv is one of the largest retail assets in India and BFS is its subsidiary and this company offers a brief account opening process, which is an amazing feature.

Additionally, there is a referral offer going on currently where you can earn ₹450 by referring a friend who signs up and trades within the first 15 days.


BFS (Bajaj Financial Securities) is a subsidiary of Bajaj Finserv. It is also one of the largest retail assets in India and you can open your free Demat account on Bajaj Finserv Securities and access it from anywhere.

The account opening process of Bajaj Finserv is quick and hassle-free. You just need to submit your KYC documents and PAN card online, and your account will be activated within 15 minutes.

Moreover, there are no hidden charges or annual maintenance charges for your Demat account and you can trade in Equity, Derivatives, and MTF products at highly competitive brokerage charges of Rs.5*/order*.

So, if you are looking for a reliable and trusted online broker, then Bajaj Finserv is the right choice for you.

Overall, you will be very pleased with the services of Bajaj Finserv, it is definitely one of the best companies in the industry.

Refer and earn:

Bajaj Finserv is currently running a great referral program. For every friend that you refer to Bajaj Finserv, you will receive ₹450.

Plus, your friend will also get ₹450 as a sign-up bonus. That's a total of ₹900 for each successful referral. So what are you waiting for? Start referring today and start earning big.

INFORMATION

  • Quick account opening process
  • Free Demat account
  • No hidden charges or annual maintenance fees
  • The referral program is currently running
  • Highly competitive brokerage charges

10. Motilal Oswal Demat Account

Motilal Oswal is one of the leading stockbroking firms in India.

They provide a wide range of services and products to their clients. One of these products is a Demat account.

A Demat account is an account where you can hold your shares in an electronic format and this is beneficial as it is safe and easy to trade your shares.



You can also open a free Demat account with Motilal Oswal, there are no charges for opening this account, and you will only be charged 0.05% brokerage for Intraday transactions and 0.50% on delivery transactions.

However, Motilal Oswal will charge Rs 899 as annual maintenance charges, you can also pay ₹2500 one time to avoid AMC every year and Motilal Oswal is a good choice for those looking for a reliable and affordable stockbroking firm.

Motilal Oswal also offers a wide range of products and services such as Demat and trading accounts, mutual funds, insurance, etc. and the company has its own mobile app, which is very user-friendly and easy to use.

Moreover, Motilal Oswal charges only ₹20 per executed order, making it one of the most affordable stockbrokers in India.

Of course, there are some drawbacks to using Motilal Oswal, for instance, the customer service is not very good, and their website can be difficult to navigate at times.

Nevertheless, Motilal Oswal is a great choice for Indian investors who are looking for a reliable and trusted stockbroker.

Refer and earn:

The Motilal Oswal referral program is a great way to get your friends and acquaintances to open a 2-in-1 account with the company.

The referrer, or the person who refers someone to the company, will receive a minimum value pack of ₹3000 and a ₹500 Amazon voucher per referral.

There is also a minimum margin of ₹2000-₹25000 for each referral.

This program is a great way to get people interested in opening an account with Motilal Oswal, and it can be a great way to earn some extra money.

INFORMATION

  • Wide range of products and services
  • User-friendly mobile app
  • Affordable brokerage charges
  • Well-known and trusted stockbroker

What is a Demat account?

Demat account is an account where people can hold and manage their shares and securities.It is a depository system that helps keep track of an investor's electronic holdings.

A Demat account is just like a bank account and it is mandatory to have a Demat account to trade in the Indian stock market.

Demat account can be opened with any SEBI registered broker or DP.


You must choose the best Demat account for trading as it will save brokerage, provide good customer service, and give you the latest information about the market.

It is very cost-effective as there are no paper certificates, and the important thing is that it is very safe as there is no chance of fraud or forgery.

Documents required to open Demat account

When you're ready to start trading stocks, the first step is to open a Demat account. To open a Demat account, you'll need to provide some documents to your broker. These include your:

  • PAN card
  • Aadhar card
  • Bank Passbook (front page)
  • Signature on White Paper
  • Passport Size Photo

Now that you know what a Demat account is and how to open one, it's time to start making money!There are many apps out there that offer referral programs, but not all of them are created equal.


When you're looking for an app to sign up for, it's important to consider the earning potential, the terms and conditions, and the user experience.

To help you out, we've compiled a list of some of the best apps for refer and earn.

Conclusion 

A Demat account is a must for anyone wanting to trade in the Indian stock market. It is very safe and convenient to use and can save you a lot of money in brokerage fees.

If you are looking for an easy way to make extra money, consider signing up for a referral program.There are many different Demat account providers in India, and it can be difficult to choose the right one.


However, we hope that this article has helped you to understand the different features and benefits of each company and we have also provided our top 10 list of best refer and earn demat account providers.

If you are looking for a reliable and trusted stockbroker, then we recommend that you open an account with one of the companies on our list and by referring your friends, you can earn extra cash with little effort! So what are you waiting for? Get started today!

Frequently Asked Question

Q1. Which trading app gives the highest refer and earn?


Ans. There are many different trading apps that offer refer and earn programs. However, we believe that the app that offers the highest referral bonus is Upstox.

Upstox is a leading online stock trading platform in India. The company offers a referral program where the referrer can earn up to ₹5000 per referral.

So if you are looking for an easy way to make extra money, then we recommend that you sign up for Upstox refer and earn program.


Q2. Can I earn by referring to Zerodha?


Ans. Yes, you can earn by referring to Zerodha. Zerodha offers a Refer and Earn program, where users can earn up to Rs 500 for referring friends and to participate in the Refer and Earn program, simply sign up for an account and start referring your friends.

For each friend who signs up and completes the KYC process, you'll both earn a Rs 300 bonus, so why not start referring today and earn some extra cash.


Q3. How can I make Money by Refer and Earn?


Ans. There are many different ways to make Money by Refer and Earn i.e.you can sign up for a referral program with a stock trading platform like Upstox and by referring your friends, you can earn up to ₹5000 per referral.

Alternatively, you could sign up for a referral program with a Demat account like bajaj finserv.

By referring your friends, you can earn Amazon vouchers worth up to ₹500, so if you are looking for an easy way to make extra money, we recommend signing up for a referral program.

Refer and Earn is a great way to make extra money, simply refer your friends to a company or product and earn a commission for each referral.

For example, many companies offer Refer and Earn programs where you can earn a commission for each friend who signs up for an account.

So if you have a large network of friends, you can make a lot of Money by Refer and Earn.

List of 10 Best Refer and Earn Demat Account Apps:

+1
0
+1
0
+1
0

Share this article:

About the author

ishant

Ishant Sharma has been passionately working in EdTech industry since quite a long time and he is based in New Delhi.

He aims to create awareness among the masses on how to use their minimum assets and get maximum rewards.

Here, users will get all the comprehensive details about how to earn extra income by following simplest steps. His favorite niches are .......

Topics are laptops, Offers, Free Recharge Tricks, Fantasy Cricket and Earning Apps Review.

On this website, users will get to know all of these categories of articles which will help them to earn some extra money from home.

Enjoyed this article ?

YOU MIGHT ALSO LIKE:

>