Are you looking for the Highest Refer and Earn Demat Accounts? If yes then you are at the right place. In this article, we are gonna share some of the Highest Refer and Earn Demat Accounts.
Demat account made the process of trading and investing much easier. The earlier investment was much easier like nowadays. There are many demat accounts available that you can use for trading and investment purposes. Apart from Investment, you can use referral programs of these apps to earn some extra money for inviting your friends and family members. You can either reinvest this reward or withdraw it to your bank account. So let’s find out the Highest Refer and Earn Demat Accounts.
Highest Refer and Earn Demat Accounts in India 2024
| Refer and Earn Demat Accounts | Referral Bonus | Referral Limit | Download Link |
|---|---|---|---|
| 1. Upstox | ₹200 | Unlimited | Download Upstox |
| 2. Indmoney | ₹250+40% Brokerage | 5/Month | Download INDmoney |
| 3. Zerodha | 300 RP+ 10% Brokerage | Unlimited | Download Zerodha |
| 4. Paytm Money | ₹300 | Unlimited | Download Paytm Money |
| 5. Angel One | ₹200 Gift Voucher | 10/Month | Download Angel One |
| 6. 5Paisa | ₹300+12.5% Brokerage | 50 | Download 5Paisa |
| 7. Motilal Oswal | ₹500 | Unlimited | Download Motilal Oswal |
1. Upstox
Starting the list of Highest Refer and Earn Demat Accounts with Upstox. Upstox is one of the largest discount brokers in India. With Upstox you invest trade in various segments such as Stocks, ETFs, Mutual Funds, Options, Futures, Currency, Commodities, IPOs and SGBs.
One of the best part about Upstox is that you don’t have to worry about any account opening fee or AMC. In Upstox Refer and Earn program you can earn ₹200 For each referral. This referral amount will be deposited in your Upstox wallet which you can withdraw to your Bank account and also use this money to reinvest in Upstox.
Also Read: How To Place Basket Order in Upstox
2. INDmoney
INDmoney is the next option for Highest Refer and Earn Demat Accounts. This app is widely popular for investing US market. It is also a one-stop solution to track all of the investments across various segments such as Gold, FD, Stocks, PPF and Mutual funds Apart from this, you can also invest in Indian Equity, MF and IPOs. You can also trade in F&O with this app.
If your friends or family members open an account with INDmoney you will earn ₹250 in your INDstocks wallet. In addition to this, you can also earn a 40% brokerage share if your referral person generates more than ₹5 brokerage. You will receive this brokerage commission share for 5 years. Also, you earn referral money from 5 friends in a month.
Also Read: Paytm Money Vs Zerodha
3. Zerodha
Zerodha is India’s top discount broker. It has over 1+ Crore clients, contributing over 15% of all Indian retail trading volumes. Many Influencers recommend Zerodha for long-term investments since it offers Zero Brokerage in Equity delivery. However, Zerodha Charges Both AMC and Account Opening Fees.
Speaking Of Zerodha Refer and Earn offer, If anyone creates an account using your referral link then you will receive 300 Reward Points. You Can redeem this point as multiple app subscriptions. Apart from this, you will also receive 10% brokerage share from your Referral for a lifetime.
Also Read: How To Buy SGB in Zerodha
4. Paytm Money
The next app for Highest Refer and Earn Demat Accounts in India 2024, is Paytm Money. Using Paytm Money you can invest in multiple asset classes such as equity investment, futures & options trading, mutual fund investment, stock SIPs, IPOs, NPS investment, debt instruments, and much more. It also offers the lowest brokerage charges.
Paytm Money does not charge any AMC or Account opening fees but you have to pay ₹30/Month as Platform fees. With this app, you can also earn 300 rupees by inviting your friends to open a Paytm Money account through your referral link. The referral program at Paytm doesn’t limit the number of friends you can invite.
Also Read: How To Open Demat Account in HDFC
5. Angel One
Angel One is one of the oldest stock brokers in India. It offers many features like a full-service broker at the cost of a discount broker. So you can get many trade calls from Angel One. Just like Zerodha, it also offers Zero Brokerage in Equity Delivery.
Angel One, however, doesn’t charge account opening fees like Zerodha. Apart from this, you don’t have to pay AMC for the first year. For Each Referral, Angel One Gives you a voucher worth ₹200 which you can redeem as different brand gift cards like Amazon, Myntra, BookMyShow etc.
Also Read: Best Apps to Invest in US Stocks From India
6. 5Paisa
5paisa gives you a good referral reward. You can earn ₹250 if anyone creates a 5Paisa account within 90 days from the date using your unique referral link. In addition to this, you will also receive 12.5% brokerage for 60 days from the account opening date of the referee. However, you can earn rewards for the first 50 referrals only.
Also Read: Daily 1000 Rupees Earning Apps
7. Motilal Oswal
Motilal Oswal is one the oldest full-service brokers. In this app, you can invest and trade in various segments like Equity, Commodity, Currency and Derivatives. Additionally, it provides products like Mutual Funds, IPOs, US Stocks, Gold, Insurance, and Fixed Income products, as well as readymade portfolios such as Stock Baskets, Intelligent Advisory Portfolios, etc.
For each successful referral, you can earn upto Rs. 500 from Motilal Oswal. You will receive ₹200 once someone opens an account and deposits ₹1000. Once they make their first trade on the app, they will receive an additional ₹300.
Also Read: How To Invest In Mutual Funds On PhonePe
FAQs: Highest Refer and Earn Demat Accounts
Upstox, INDmoney, Zerodha, Motilal Oswal and Angel One give the highest referral bonus.
No there is no referral limit on Upstox.
Zerodha is the No 1 demat account in India.
Zerodha and Samco gives lifetime referral commission.
