Groww Refer and Earn

Groww, with more than 3.3 million active clients in just its years of being operational has become a giant in India’s stockbroking industry. With an aim to “ grow “ its customer base even bigger, the broker comes up with Groww refer and earn program where it benefits both the referrer and the referee in equal proportions. 

Let’s have a look at what this program offers to its referee and referral. 

Groww Refer and Earn 2022

As we all know, you can only refer a stockbroker to someone else if you are an existing customer having a demat account with the DP. In case you don’t have a demat account with Groww, you can follow some easy online steps to register for its services. 

Once you finally have a Groww demat account, follow the steps below:

• Download the Groww smartphone app 
• Login using your credentials 
• Go to the “ You “ tab and scroll down to the Invite & Earn section 
• Click on About invite
• Follow it up by clicking on Invite friends
• Your referral link is generated

You can copy your referral link and share it with your friends using various means. Once your friend or whoever you invite open a demat account with Groww using your referral link, you will get Groww refer and earn benefits. 

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Groww Refer and Earn Amount

Groww sign up comes with rewards for both the referrer and the referee. Upon each successful referral, you get an amount of ₹100 as a reward while the person who joins Groww and makes a demat account using your link also gets ₹100 as a reward. 

So let’s suppose you referred 10 friends using the Groww Referral link. Now on the basis of the referral program, the total amount you earned would be 10*100 i.e. ₹1000.

You can make even more by sharing the link with your contact.

The current refer and earn demat account program commenced on Sep 30, 2021. Groww had a different refer and earn program before that period. 

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Groww Refer and Earn Terms & Conditions

Groww refer and earn model is simple and straight. It has only a few simple terms and conditions. 

• You can earn ₹ 100 on every successful referral as long as you have your stock account active. 
• The maximum limit to earn through referrals is ₹1 Lakh per month. 
• You can refer the friends only if you are an active trader or have invested in any stock atleast once using the Groww account.

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Conclusion

Being a discount stockbroker, Groww offers very cost-effective and attractive brokerage charges which is one of the reasons behind its express growth. Groww also has had very appealing refer and earn policies over the years making sure the existing customers bring more and more customers to get those rewards. 

The current refer and earn scheme may not pay a lot on successful referrals like before but it is simple and extremely easy to understand even for a beginner. Henceforth, if you want to grow your wealth and earn some risk-free money, referring the Groww app to your friends and the people you know is a great idea. 

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Want to get instant cash directly in your bank account? Refer your friend by filling in basic details in the form below and reap the benefit of making additional money.