5paisa Refer and Earn

Are you thinking of winning exciting offers with 5paisa? Then be ready to use 5paisa refer and earn feature and avail multiple astonishing awards through this solution! 

Through this program, you cannot only refer the broker to your friends, family, and other people but can also earn a gift or cash in exchange for this “referring” service.

So, every time a person from your contact opens a Demat account with 5paisa using the referral code, you get a handsome amount of cash in your account. 

Amazing, right? Let’s have a look in-depth about this refer and demat account plan by 5Paisa.  

5paisa Refer and Earn Offer 

There are a plethora of offers provided under the 5paisa refer and earn feature, but to avail of such offers, one must mandatorily have a 5paisa Demat account. 

Once a Demat account has been opened, you can share the unique referral code with your members and can earn the below offers-

• Cash offer- Get ₹500 on your first referral.
• Get ₹250 in the next referrals and up to 40% (brokerage sharing)

The referrals program is divided into different slabs. The details of the same are given below.

There are some parameters that you need to keep in mind when following the 5paisa refer and earn. Some of them are as follows.

• The referrer will get full credit at account activation for the first 5 referrals.
• 6-25 referrals – ₹150 will be credited in the referrer’s account once the referee opens the account. The remaining ₹100 will get credited once the referee starts trading with that account.
• 26+ referrals- ₹100 are credited on the account activation of the referee and the ₹150 are credited when the referee starts trading.

It is important to note that by ‘trades’ it means that the referee should either complete transactions of  ₹5000 or add ₹10,000 within the next 15 days of account activation.

Apart from you, here are some of the exciting awards that your friend will grab by using the 5paisa refer and earn feature:

• A free demat and trading account
• Exciting Benefits worth ₹2,100

Along with such benefits, your friend also gets to avail lowest 5paisa brokerage across various segments. 

Furthermore, there’s no min or max number of referrals. One can open an infinite number of accounts, without any boundary.

5paisa Refer and Earn Terms and Conditions 

Using 5paisa refer and earn comes with certain T&C’s. Here are some of these terms and conditions that one must be aware of before opting for this feature: 

1. By sharing a referral code, the referrer approves to receive ₹250 credit in his account.
2. ₹500 is only paid once i.e. while referring for the very first time after an account has been opened.
3. The amount will only be shared with the Referrer once the Demat account has been activated and all the documentation has been done. 
4. The referee will be eligible for credit ₹100 which will expire if not utilized within 25 days of its credit in the ledger. The credit cannot be withdrawn however it can be utilized to trade or can be invested in Mutual Funds.

Along with these, the below terms and conditions will be mandatorily executed on the Demat account holder while proceeding with the 5paisa refer and earn feature:

• Once the 5paisa registration is completed and the account gets activated, the referee will receive the credits in the next 48 hours. 
• If the referee’s amount is activated within the next 7 days of referral code sharing, only then will the referrer get the credits.
• TDS at applicable rates shall be deducted from the fees so paid.
• No special awards or recognition will be given if the given customer already exists in the 5paisa database. 
• Management reserves all the rights to modify or terminate the arrangement of the scheme at any time without prior notice. 

Closing Thoughts

Having a good experience with a broker makes you feel comfortable and gives you a sense of security and safety. Further, when availing of such a good experience, one does feel like sharing it with others. 

Plus, if sharing such services gives you some exciting awards and gifts then it’s like another cherry on top. Open a demat account today and start sharing with your friends to earn maximum benefits!