10 Best Refer And Earn Demat Account

Posted by By Kiko Vadh 14 Min Read
10 Best Refer And Earn Demat Account

This article will discuss the best way to refer and earn a Demat account and related products.

Let me tell you that this account not only aids in an efficient trading process but also helps in extra earnings through referral programs, which are sought after by many investors.

Key Points & Refer And Earn Demat Account List

Demat AccountKey Points
Paytm Money Demat AccountLow brokerage fees, user-friendly app, and refer and earn program with cash rewards.
Upstox Demat and Trading AccountZero account opening fees, low brokerage charges, and referral bonuses for each successful sign-up.
Groww Demat AccountZero account maintenance fees, easy-to-use platform, and refer and earn vouchers or cashback.
IIFL Securities Demat AccountFree Demat account opening, powerful research tools, and referral rewards in the form of vouchers.
Zerodha Demat AccountIndia’s largest broker, competitive brokerage rates, and referral incentives credited to the trading account.
Angel One Demat AccountFree account opening, full-service brokerage, and referral bonuses in cash or brokerage credits.
ICICI Direct Demat AccountIntegrated with ICICI Bank, high trust factor, and referral benefits such as cashbacks or vouchers.
5Paisa Demat AccountLow brokerage plans, fast account opening, and refer and earn program with cashback or brokerage credits.
Bajaj Finserv Securities Demat AccountEasy access to research reports, affordable brokerage plans, and referral bonuses for new accounts opened.
Motilal Oswal Demat AccountResearch-oriented platform, free account opening, and referral rewards in the form of gift vouchers.

10 Best Refer And Earn Demat Account

1. Paytm Money Demat Account

One of the best features of the Paytm Money Demat Account is the very cheap referral and earn program in which cash rewards are given to new customers.

In addition, it charges low brokerage fees and has an app that makes it easier to trade and invest.

Paytm Money Demat Account Refer And Earn Demat Account

Account opening and price structure clear the air for novices or advanced users. Hence, referral benefits on this one are profitable.

Features Paytm Money Demat Account

  • Low Charges on Brokerage – It has competitive brokerage and hence lowers the cost for the traders.
  • Easy to Operate App – Offers a simplified mobile application for trading to the users.
  • No Cost to Maintain Account – No annual charges for holding the Demat account.
  • Varied Investment Options Accessible – Facilitate investment opportunities in stocks, ETFs, mutual funds, etc.
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2. Upstox Demat and Trading Account

In our opinion, the Upstox Demat and Trading Account is one of the best in the category of refer and earn because there are no charges for opening the account. The brokerage costs are kept at a minimum.

For every new sign-up on the website, the users get a referral bonus immediately transferred to their accounts.

Upstox Demat and Trading Account Refer And Earn Demat Account

Regular order placement, fast execution and a designed mobile app – all this is in Upstox and all this is aimed at those who want to get some additional income by inviting people into the system.

Features Upstox Demat and Trading Account

  • Nil Account Opening Fees: Customers shall not bear any cost of opening a new Demat or trading account. No more hidden costs!
  • Fewer Brokerage Charges: Work on a trader’s principle of charging less and generating more volume for their expenditure.
  • Very sophisticated Trading Software: Its Advanced trading platform software provides a detailed study with live data.
  • Referral benefits: Bonuses are issued for each successful referral of a user who opens an account.

3. Groww Demat Account

A Groww Demat Account is popular in the refer and earn scheme, providing a simple and easy-to-use platform without periodic account charges.

After Downloading the app, one is rewarded with vouchers or cashback for successfully referring other people.

Groww Demat Account Refer And Earn Demat Account

This is nice for a new investor because it selects them. The process for opening an account is simple.

There are many varieties of investments to choose from, making Groww suitable for beginners aiming to take advantage of the maximum referral benefits.

Features Groww Demat Account

  • Zero Maintenance Charges: Most other Demat account providers will charge you an annual or monthly fee for their services to maintain the Demat account.
  • Simple Account Setup: Opening a new account is easy as the process is entirely digital, so there is no unnecessary delay.
  • Integrated Investment Options: It provides the option of investing in many assets such as stocks, mutual funds, and ETFs.
  • Referral Rewards: It also gives out cash or cashback coupons for referring clients.

4. IIFL Securities Demat Account

IIFL Securities Demat Time can be a good option for people who want to leverage their investment by referring others.

It does not charge fees while opening the account and offers multiple rewards such as coupons.

IIFL Securities Demat Account Refer And Earn Demat Account

Famous for its practical research tools and great market perspectives, it is also an excellent trade plan.

The easy-to-use mobile application and its brokerage rates allow IIFL Securities to be on the list of investors ready to earn from referrals.

Features IIFL Securities Demat Account

  • Opening an Account is Free: No cost is involved in opening the Demat account with the organization.
  • Excellent Research Facilities Available: Ability to conduct extensive market research and retrieve multiple reports.
  • Trading in Multiple Assets: Provides facility for equity, futures, and options trading, including other debt instruments.
  • Referral Bonus: Provides incentives like vouchers for referring new clients who successfully open an account.

5.Zerodha Demat Account

Of all the available ‘Refer & Earn’ options, the Zerodha Demat Account is perhaps one of the best in that referral rewards are directly credited to the trading account.

It is the largest brokerage in India, with competitive brokerage rates and an easy-to-understand trading terminal.

Zerodha Demat Account Refer And Earn Demat Account

Equipped with advanced personnel, market research, and a simple process of opening a digital account

Zerodha is excellent for new and existing investors who want to gain through referral programs.

Features Zerodha Demat Account

  • Low Rates and Fees for all your Trading Transactions: Offers a highly competitive fee structure with one of the lowest brokerage fees in the segment.
  • Real-time Stock Trading and Investment Ability: Features Zerodha’s house trading software, Kite, advanced charts and live data.
  • No Fees for Demat Account Maintenance: The account has no annual maintenance charges.
  • Associates Referral Rewards in Trading Accounts: Users get paid and deposited into the trading account after every successful referral.

6. Angel One Demat Account

Angel One Demat Account is the best option for referring and earning as it gives referral cash bonuses and brokerage credits for every account opened.

It provides zero account opening charges, a well-rounded, functional trading platform, and good research services.

Angel One Demat Account Refer And Earn Demat Account

The services at Angel One are suitable for people who understand how to earn for and without brokerage and credit owing to their low fees and full-fledged customizability.

Features Angel One Demat Account

  • No Charges to Open the Account: Opening a Demat account involves no fees.
  • Available all Activities in One Place: Utilization of advanced trading tools and research facilities.
  • Competitive Brokerage Rates: These are found mainly in the context of low commissions brokers charge.
  • Incentives or Benefits for Referrals: Use incentives such as cash or brokerage credits to get more people to join.

7. ICICI Direct Demat Account

Demat Account of ICICI Direct is one of the market’s best refer and earn options as it offers appealing referral rewards in vouchers or cash.

Since it is coupled with ICICI Bank, it enjoys more reliability, comfort, and various investment opportunities.

ICICI Direct Demat Account Refer And Earn Demat Account

With exemplary customer service, up-to-date research tools and an efficient trading platform, it is safe to say that this is a good option for those who want to earn through referrals.

Features ICICI Direct Demat Account

  • Linkage Facility With ICICI Bank: This facility enables linking the demat account with the ICICI Bank account for easy shifting and transactions.
  • Extensive Range of Payment Options: Availability to use various options, including stock market, mutual funds, IPOs and bonds
  • Research and Other Analytical Marketing: Quite extensive research on (and in) the market and investment analysis are provided.
  • Dependable Customer Service: We offer completely free account management services in case of any queries.

8.5Paisa Demat Account

The 5Paisa Demat Account impresses as a refer-and-earn option with referral rewards for cashback and broker credits.

It targets price-sensitive investors with low brokerage charges and a hassle-free account opening procedure.

5Paisa Demat Account Refer And Earn Demat Account

The platform is designed to let the user enjoy a good interface, great trading tools, and support staff, effectively maximising referral benefits.

Features 5Paisa Demat Account

Cost-Effective Brokerage Plans: These include low brokerage fees and flexible rates.

User-Friendly Interface: Offers an easy-to-use and efficient trading interface.

Advisory Services Available: Investment advisory and stock tips are offered.

Refer and Earn: Incentives paid for successful referrals through cashback or brokerage credits.

9. Bajaj Finserv Securities Demat Account

Bajaj Finserv Securities Demat Account has earned a top referral by offering good referral bonuses for new sign-ups.

There are also low brokerage charges, an easy-to-operate trading platform, and ample research facilities.

Bajaj Finserv Securities Demat Account Refer And Earn Demat Account

The ease of opening an account and the customer care services make it ideal for those looking to recruit new users to earn rewards while using their trading tools.

Features Bajaj Finserv Securities Demat Account

  • Low Brokerage Fees: It is worth noting that the brokerage charges are also reasonable and can be categorized as transparent.
  • High Quality and Adequate Market Research: Well-detailed access to research papers and market reports.
  • Simple Process of Account Opening: No hassles are involved in opening the Demat account owing to its efficient process.
  • Connected Financial Services: It has been designed so customers can also avail themselves of other financial products Bajaj Finserv offers.

10. Motilal Oswal Demat Account

Motilal Oswal Demat Account remains the most preferred refer and earn choice due to the attractive referral rewards in gift vouchers.

It does not charge any account opening fees; it has an advanced trading account and an extensive range of analytical tools.

Motilal Oswal Demat Account Refer And Earn Demat Account

There is no difficulty in navigating the site, and the customer service offered by the company is quite efficient

which allows customers to refer people to invest in the company for some earnings and enjoy quality trading services simultaneously.

Features Motilal Oswal Demat Account

  • Research and Recommendations: Offers exhaustive research services, stock ideas, and investment recommendations.
  • Robust Trading Terminal: Offers a robust trading terminal with modern charting and analytical tools.
  • No Account Opening Charges: This involves no payment to acquire a new demat account.
  • Multiple Investment Options: There are various investment options, including stocks, bonds, derivatives, and funds.

How do We Choose the Best, Refer And Earn a Demat Account?

Referral Benefits: Compensating the client with money, coupons or commissions for each invited person.

Zero fees: There are either no or shallow charges for opening and maintaining the account.

Website & mobile app: Simple apps with distinctive interfaces that are simple to navigate, from which the trading and management of accounts can be efficiently done.

Brokerage Costs: This means that the brokerage charges are favourable, enabling one to earn more returns while trading.

Account Opening Process: The opening process is also straightforward; even the YKYC can be done throughout the screen.

Research and Tools: Regularly provide solid study and other essential market analysis and trading tools.

Customer Support: A dependable customer support service that helps manage accounts and make referrals.