what is zerodha referral program and Benefits?
Zerodha is the number one brokerage firms based out of Banglore, Zerodha works as a flat fee share broker popularly known as Discount brokers , Budget Brokers or Pay Per Order Brokerage. The said discount broking model avoids variable charges based on the volume and charges flat fees irrespective of volumes therefore favours traders who take large futures and options provisions. Zerodha charges a brokerage of 0.01% or ₹20 per executed order, whichever is lower, irrespective of the number of shares or their value (other than equity delivery trade which is free).
Zerodha referral program 2020 | Zerodha Referral Commission 2020
Effective Jan 1st 2020, if you are a Zerodha Customer you can earn 10% of the brokerage (paid by anyone you referred) by referring your friend & Family in addition to the current reward program where Both you and your referral will earn 300 Zerodha reward points when they open an account. These reward points can be used to subscribe to their paid products (Streak, Sensibull, smallcase, and LearnApp).
You can go to Rewards and referrals page on Console (Zerodha back-office) to refer your friend & family members. You just have to provide the name, Email ID and mobile number of the person you are referring and Zerodha team would make sure that some one contact and assist the person with account opening.
All Completed Referrals who have opened an account on or after January 1, 2020 will be eligible for brokerage sharing.
You can start earning the referral commission/Bonus as per this program only if you have at least 5 Completed Referrals against your Client ID/trading account.
Whomever you have referred must complete their account opening process & have their trading and demat account activated within 60 days of being referred on Zerodha’s website
To withdraw funds or payout under this program amount payable should be atleast ₹1000.
Referral bonus / Incentive would be calculated Only on brokerage generated from such Completed Referrals, and this shall not include any other charges, such as; taxes, transaction charges, SEBI/Exchange related charges and such other charges.
Zerodha referral income is for life. As long as the customer you have referred is trading, you will keep getting the referral bonus / commission.
Zerodha referral account opening | How do I refer Zerodha to my friends and family?
If you are a existing Zerodha customer and wants to refer your friend and a family member.
Login to Zerodha Console - Log in to https://console.zerodha.com/
Go & click on your User ID in the top right and then click on Rewards & Referrals tab
Fill the details like the Name, Email ID and Phone number of the person you wants to refer on the Rewards & Referrals tab.
Your friend or family member whome you have referred will get an email with steps to open an online account with Zerodha.
You would start earning the referral commission/Bonus as per this program once you reach at least 5 Completed Referrals against your Client ID/trading account.
Zerodha referral benefits
There are 2 major benefits of Zerodha referral Program as mentioned below.
You can earn 10% of the brokerage (paid by anyone you referred) by referring your friends & Family.
You can refer your friends and family to earn 300 Zerodha reward points when they open an account. You can use these reward points to subscribe to our paid products (Streak, Sensibull, smallcase and LearnApp).