Zerodha Partner Program – Refer Clients

This referral programme has been stopped on April 25, 2018, and restart on Jan 1, 2020. Read more here


As a low cost business, it is imperative that we keep our operational costs low without compromising on service or quality of the trading platform. At the same time for us to grow our business, instead of spending money on newspaper/TV ads, we want to share the same with all of you (Zerodha Clients). We call this our Partner Program.


A typical broking company spends between 10 to 15% of revenue on marketing/advertising, but we decided that instead of sharing this revenue with a media company, we’d be much more happier sharing it with our clients. Today through our associate program, we share 10% of brokerage revenue generated from all the clients whom you refer and who trade with us, for as long as they have an account with Zerodha.


A lot of you refer us clients without caring about the incentive we share with you. We at Zerodha would love to share this revenue as a token to say thank you. So we would appreciate if you follow the steps for us to be able to track the people whom you referred, allocate the lead entered to our sales team, get the sales team to follow up and open an account and then share 10% of brokerage with you.

Here are the steps to follow:

Step 1: To be part of the Partner Program, you need to be our client. So if you don’t already have an account with us then open an account first.

Step 2: Once your account opened and you are satisfied with our performance and are ready to refer – Please login to Q ( as shown below with the ID/password which was emailed when your account was opened with us. If you don’t have this email, please send a request to [email protected] asking for your password details of Q.

Login to Q and click on Refer a client as shown below. You can quickly enter the name, number and email ID of your friend or family member.


You can also enter your lead directly on our website by going to The Zerodha Lead Management system is intelligent enough to identify it’s your referral no matter where you enter it from as long as you put in your Client ID. Check out the screenshot below to know where you can enter leads on our website.



Please note that if the lead is already in our system, it will not let you enter it again. For us, a lead is either a mobile phone number or an email id and if it is already on our system, you will not be able to enter it again.

Step 3: Once lead is in the system, you can track the status of it by following these steps:


Step 4: To track your earnings and claim the same just access the Wallet option on Referrals and claim your earnings:

Please note that the leads entered by you will be valid for 60 days and if the client doesn’t open an account in that time, referred client will not be eligible to receive the referral commission.

We need your support to grow our business from offering you a platform at lowest costs to tomorrow becoming a broker with the best trading platform, lowest costs and diverse trading tools, your preferred stock/commodity/currency broker. Do go ahead and start referring friends and family who you think will benefit from our brokerage model.

Summary of the Client Referral Payout Rules

1. To be a part of our referral program, firstly you need to be an existing customer of Zerodha. 

2. A client can participate in the client referral program by logging into Q (our backoffice) and entering the lead details under Referrals > Refer or alternatively by entering the lead details in

3. Each referred lead MUST open an account with Zerodha in 60 days, else the client will not be eligible to receive the referral commission.

4. By becoming an Associate at Zerodha, you agree to not pay and/or commercially advertise your referral link through Google, Facebook, Twitter or any other online/social media platforms.

*Minimum referral payout Rs 10000.

*Referral payout requires you to complete a one time registration process with us.

Update: (Effective 01st March 2017)

*Minimum referral payout Rs.2020.

*No one-time registrations required.

*Referral wallet will get updated on a monthly basis only. You’ll be able to place your withdrawal requests on Q

*A one-time undertaking duly signed has to be provided for us to process your payout. The undertaking has to be digitally signed using the services of Digio. You can write to us at [email protected] if you need any assistance with digitally signing the undertaking.

*A copy of the digitally signed undertaking has to be emailed to [email protected]

*Withdrawl requests will be processed within 7-10 working days.

*TDS @ 5% will be deducted on the withdrawable amount, TDS certificates will be emailed to the registered email ID on a quarterly basis.

Happy Trading,

Nithin Kamath

Founder & CEO @ Zerodha. Partnering startups through Rainmatter. Love playing poker, basketball, and guitar. @Nithin0dha on Twitter. | Personal website:


  1. Rajkumarmanjhi says:

    sir i have also referred mr. praveen kumar mobile 09691011083
    sir i want to more detail for referrel.

  2. Nithin Kamath says:

    @Raj, I see the number you have mentioned on our CRM,entered by our sales team. For us to know that you have referred the client, you will have to enter the lead as mentioned in the blog above on our backoffice. Send an email to [email protected] with your client id and we will get someone to call back and explain how to do this…

    • Lalith says:

      Sir I m lalith from mangalore.I worked for icici direct uti securities standardchartered wealth managers sharekhan as agent.I interested in your company as sales manager in mangalore udupi region.Sir my number is 9885176341

    • Sachin Bansode says:

      Sir my user ID..RS9587..and I need to call regarding my account information but they asked some no other than this I don’t understand.. please make it easier

    • Kumar says:

      Hi Nithin,

      When I joined zerodha couple of years ago and got to know about the referral program, I wasn’t categorically made aware of the fact (by Amit from Sales) that there is a Minimum referral payout of Rs10000. There is Rs3137 in my referral wallet now and when I called customer service, they tell me of this new rule, the associate was generous enough to send a note to Dipankar that I wanted to speak to him to get this sorted out, Dipankar didn’t call back, needless to say. When did this new rule come into effect? If it came later than my joining date, how can you hold back my referral amount earned before this rule change. Pretty dispappointed.


    • Anupam Gupta says:

      Hi Nithin,

      I am now an online marketing partner of Zerodha. But inspite of repeated emails, no one is helping me to completely understand this programme.

      Please look into this as I have some questions which needs to be cleared.


      • M Kithan says:

        That’s very true… I’m also an Associate partner of Zerodha. Same thing happening with me….E-mails are never replied..
        We have to called them everytime to get information and everytime I call something new rule. Sometimes its about not submitting declaration status. After doing that, then we have do to it through digio. After that we are told that we are not registered as external employee, then tells us to fill google form.

        After that I got an email telling me my retention and wallet showing as 0, whereas in crm zerodha portal, it shows I have balance earned.

        Though zerodha services are good as a customer, I think I have made a mistake joining as Associate Partner. Zerodha does not bother about their Associate Partner so better just remain a Customer

        • Will get our team to respond back to you.

          • SAIPRASAD says:

            Hi Sir, I am also get same problem. I am already having ac with zerodha with client code ZT7758. I also reffered more than 10 clients. But now i want to work with zerodha for full time as a partner. please contact me.

            • Zerodha Social says:

              Saiprasad, someone from our team will be in touch with you.

              • nath says:

                I recently referred my daughter and she got account opened YF2038.
                My own account is RL0224
                Sales team misguided me about your referral commission.
                Perhaps they cornered it themself
                I have not got any referral commission
                Please help me get same.
                your sales team kuldiproy@zerodha phoned me many times but never revealed this your little secrets.

          • Fahad says:

            Hi Sir,
            I am associate partner, I want you people to please create some (book) which contains rules and regulation about associate partner program. Whenever something happens and we ask our sales manager about it, she comes up with new rule. I would like to share one incident, I have been opening account but I haven’t received my share for collecting forms and couriering it, while I asked my manager I got reply that zerodha has stopped paying for form pick up and form courier. So I urge to please make rule book, as well as I request you to please give required share for form pick up and form courier. I would appreciate if you initiate payments for the documents which I had picked up and couriered.
            As well as there are many unfair deal for mapping lead.

            • Matti says:

              Yes Fahad, working on this. Can you email partner[at] for clarifications about such issues?

            • Rangaraj says:

              I feel this is really a bad system followed by zerodha. there must be transparency . or we should look for a good partner.

    • Varun says:

      Dear Nithin,

      Try to reduce the minimum amount of withdrawal of referral earnings to atleast 5000 instead of 10000 so that it will encourage people like me to refer more & more clients..Bcoz by the time my referral earnings 2500 u have increased the withdrawal limit to 10000. Now i m worried that by the time i reach 10000 u may increase the limit which makes me loose my interest in referring clients..Hope u understand

    • MRITUNJAY OJHA says:

      Dear Sir,
      I have referred a client named (INDRAJEET KUMAR) on my brothers ID which is RS5290(Sanjay Kumar Ojha) by mistake , So is there any procedure to change the ID from RS5290 to RM1771(Mritunjay Kumar Ojha).

      • ah.. it won’t be possible now.

        • ranadheer says:

          Dear nithin ji,

          here are the client ids I referred

          It is to inform you that they have opened account immediately on my refertal

          above people are referred by me longback but they are not added under my referrals. they generated lot of brokerage. you can kindly confirm with them if you need and please do the needful to add them under my referrals.



  3. Mannathkandyvinayan says:

    dear sir,
    i have refered my friend to you & he opend trading account with you. my frends name is Pradeep Menon calicut
    please make sure that he is my referal
    thanking you,
    m.vinayan (RM03520)

  4. Nithin Kamath says:

    Hi Vinayan, if you have referred your friend through the backoffice as mentioned in the blog, he will be automatically mapped to you..

  5. Zakiuddin Masood says:

    Can you please create a backoffice id for me to refer others. Thanks

  6. Nithin Kamath says:

    Zakiuddin, if you have opened an account with us you would already have a backoffice id created. Send an email to [email protected] with your trading id and phone number, we will send you the backoffice id and password. If you have not opened an account with us yet, send your details to the same email id, one of our sales team members will call and help you out.

    • chanchal ghosh says:

      i reffered 1 person (9903183348).he is interested till now. but some other person told the he is the authorised person from zerodha and collect the my question he is become my refferal or not??
      my id dc0453)

    • Altaf Hadfa says:

      Hi Sir,
      Open an ac with zerodha paid the Ac opening fess since a month ago but till date did not got the client I’d even mailed in customer care ticket also closed but did not got any assictance to go further pls help


  7. Akilan says:

    It will be of great help or you can increase your visibilty one step ahead if you are able to support the trading through Mobile platform. This thing came up in my mind because all the others who is trading through different brokers have Mobile platform for their customers. Please make it possible in future.

    Thanks in Advance!!!!

    • Nithin Kamath says:

      Hi Akilan, our mobile trading platform is already live, visit on your mobile, will give you the download link..

  8. Kalpana Kharat says:

    Sir, Referal program is good for this type brokaragefirm.. I would like to request you that there is limit for withdrawl of 2020/-at present.Can u lower this limit upto Rs.500/- so the referer will get some relief. I hope u will consider the same.

  9. Vijaya Kumar Sunku says:

    Dear Team, I want to take the dealership of zerodha in andhara pradesh…will you please guide me the process so i can contact you…

  10. Poolugounda says:

    If I become Zeodha associate , I can refer some members

    what will be the % commission will be given to me.

    • Nithin Kamath says:

      As an associate you get according to this: , but if you are planning this seriously we also have a partner program, you can send your contact to [email protected] and we will get someone to call you back and explain..

      • Karan says:

        Hi, could you please elaborate more about the partner program

        • Karan,

 has details, but if you are looking to to this seriously we also have partner programs. Let me know if you would want to speak to one of our sales managers.


          • Shekhar Singh says:

            Dear Nithin,

            This is with respect to referral payout I have referred 10 friends and they are trading actively.
            Also fair brokerage referral generated for same.
            While redeeming same found it impossible.
            Post that i contacted support team they said to add more clients and then register with SEBI.

            If this is the way Zerodha has increased their customer base, its very meanful.
            And existing customers are made fool with no output of their efforts.
            My Trading ID is ZN0454 & Partner ID is ZMPKTA.

            Shekhar Singh

            • Vishal Chand says:

              hello, Shekhar sir please help me I refer to my friend but they are not shown in my CRM account and i didn’t get any refer money till now?

  11. Chittaranjan Mahapatra says:

    i am a zerodha client from last 3 months.
    now , I have referred Mr Prabhat ,manually telling to your customer care, stil he has not opened the account . So can i join his name to back office now ?
    sir, please answer ?

  12. Eliza says:

    Admiring the time and energy you put into your blog and in depth information
    you offer. It’s good to come across a blog every once in a while that isn’t the
    same unwanted rehashed information. Fantastic read!
    I’ve bookmarked your site and I’m including your RSS feeds to my
    Google account.

  13. says:

    First of all thank you for a nice Zerodha Trader softwear. Amibroker is a good softwear fo the traders.

    Secondly, your brokerage is very attractive and I do not have any hesitation to recoment to anyone traders. ur
    policy of online tade without any tips is good.

    One request. If you can conduct seminars for traders on equity only not options and future, to answer their doubts and queries, it will be very good to the investers.


    George M.P.

  14. Akilan says:

    Apologies for not being clear in the previous comment. I wanted to mention that there is no Application for trading in Iphone

  15. Arek Kene says:

    You really make it appear so easy with your presentation however I to find this topic to be really one thing which I think I might never understand.
    It sort of feels too complicated and very huge for
    me. I am taking a look ahead for your subsequent publish, I’ll try to get the grasp of it!

    • Nithin Kamath says:

      It is pretty simple actually arek.. Once you become a zerodha client, you can refer friends and family to the business and as a thank you, we will share 10% of all the brokerage generated from those accounts which are opened. The above blog shows how to refer your friends using our backoffice module to get the referral benefit…

  16. Nithin Kamath says:

    @Shz, Can you email to [email protected] with your client and Aniket’s contact number, we will get in touch immediately..


  17. Jagades says:

    Hi sir,

    Now i am Sub broker under ORION Investments, I have More then 15 active clients and 50 inactive clients. I have 3.5 Years Experience in Commodity and 6 Years Experience in Equity. Orion investments is not yet member of NSE & BSE.
    So my question is if wish to open an Branch in Coimbatore Means i will take that responsibility and i wish to swipe that all clients to Zerodha. And i have Office with System and fully furnished @ Ondipudhur Near Singanallur.

    Do not hesitate to contact me.
    Mobile No :+919842947155
    [email protected]

  18. SPS says:

    May I refer friends from any part of india …………………. i want to refer PAN india friends.

    • Nithin Kamath says:


      We work online and as long as your referrals trade online, you can refer from any part of the country. Do speak to your sales manager, so he can help you better with the process.


  19. fnotrader says:


    I had referred one of my friend and he did trading in his account already some time back.

    Referred client details :
    Name :
    My concern is.. I am not finding the referral benefit that I am expecting and supposed to get(10% of the brokerage charges incurred in his account).

    Another concern is.. I called up zerodha customer care and inquired about this. They said that they are not able to find the mapped client details.

    Now my question is.. Why are you not standing on the words that were promised to the clients ?
    Hope this issue is not faced by other zerodha clients.

    I recently updated one of my friend details in “Refer a client” link in Zerodha Backoffice webpage. But he did not received any call even for a week and also I am not able to see any details under “Referral status”… I had to call zerodha care to get him a call. 🙁

    Now answer me.. Do you want me to refer Zerodha to others ?? because.. many traders don’t even know that there is some brokerage firm called “Zerodha”.


    • Nithin Kamath says:


      Srinath is mapped to your client ID, we process referral payouts only once it exceeds Rs 2020, will check out what your referral earning is till date and keep you posted.
      Sushma will get in touch with you and ensure that any future leads you enter are contacted immediately. Sorry about this and we will ensure doesn’t repeat, your support is required to put the word out there.


      • Satish Dhote says:

        I faced same issue, I referred Mr. Saurabh Dixit some ~6 to ~8 months ago, assuming that he will be added into my referral client list I didn’t cross verify. Some days back I have observed that he is not part of my referral client list and I’m not getting any referral benefits.

        Zerodha team says that there is no information of your as introducer, on Mr.SAURABH DIXIT account, hence it will not be considered for the referral mapping.

        Since I didn’t get any email about referring client, I don’t have any proof to show. I asked Zerodha team to check audit logs in the system 2 days back, but could not get any response.
        Even my friend(Saurabh whom I referred) complained about the same that he was referred by me and during joining also he mentioned my name that I should get all referral benefits.

        Not sure it is a problem with Zerodha system or it is a human error but I must get all the transaction benefits done by Mr Saurabh till date.

        Please help to address this asap.

  20. Varesh says:

    Hi Zerodha,

    I have referred one of my friend Fayajoddin Sidique and he opened the account with you too. However I have referred him though the Zerodha trading form where you have block to fill in details about to know how person came to know about the Zerodha. We have mentioned my client id, name and mobile number over this form.

    Not sure how he will be my referral for Associate program, could you please let me know how I can make this work for me.

    • Nithin Kamath says:


      Ideally try to follow the steps mentioned in the blog to refer new clients. You can send an email to [email protected] with your client id and your friends client id or name, we can find out if it is mapped or not. It should be mapped to you if it was mentioned on the form.

      • Varun says:

        Dear Nithin,

        Everything is fine about the referral programme by team zerodha. It would be much more gud if u can provide a facility to the client in viewing the amount of commission earned from each referred client instead of total amount earned.

        Better if someone from ur team contact me on 9603119229, i have some other doubts to clarify.

  21. eztrader says:


    Can I refer my family members (like brother, sister, mother, wife, son, uncle, father, etc.) and benefit from their trading activities? Can a person have two trading accounts with you?

    I work as financial adviser and would like to refer some of my clients for whom I do trading on their behalf using their trading user IDs. All these clients trust me. I manage their fund and in return get certain percentage of profit. Is it possible to setup something similar to PMS with you? Please do reply and let me know.


    • Nithin Kamath says:


      yes you can benefit from any account that you refer. You cannot open 2 accounts though.
      If you are interested in doing this seriously, we have a very interesting partner program, send an email to [email protected], our sales team will get in touch with you.

      We don’t let people trade on behalf of others on a dealer terminal. So PMS kind of facility won’t be possible unless you have a PMS license given by SEBI.


  22. Alok74 says:


    I had reffered a friend of mine from bombay- Mr.Palash, his account is already open, has he been mapped to me.

    Alok Urs-DA0027

  23. satyajit says:

    Sir I am having a account in zerodha from many years yet waiting for Nest mobile trading can I know is there any chance to start Nest mobile

    • Nithin Kamath says:

      Yes Satyajit,

      The nest mobile is working, you can access it from

    • satyajit says:

      sir it says

      “Mobile Trading is NOT available for your mobile.
      If you are using Opera/Firefox browser to access this application, we may not be able to detect your mobile. Please try from your Mobile’s built-in Internet Browser” i have a HTC windows phone 8 can u suggest me in which mobile phone it works….and i use internet explorer in WP8 not any other browser……Android, Windows Phone, Or Symbian

    • Nithin Kamath says:

      Satyajit it presently works only on the android. What you can do alternatively is access our html5 platform which adapts to your mobile. Check this blog

  24. 9394777377 says:

    Dear sir

    Now i am Working As a Branch Manager One Of the Stock Broking Company , I have More then 200 active clients and 600 inactive clients. I have 6 Years Experience in Equity & Commodity
    So my question is if wish to open an Branch in Andhrapradesh i will take that responsibility and i wish to convert that all clients to Zerodha.

  25. rahul says:

    hi nithin ,
    it is really disappointing, that you are not still able to open my account,

    it already 1 month over.

  26. Bala says:


    What happens when clients don’t open an account within 2-3 months (the stipulated time), the names are removed from the database, however, in another 3 months all them open accounts with you?

    why am asking is I referred a few people b/w Sep and Nov-13 and most of them are yet to open their accounts. Now when I search for the referred names from 1-Sep to 10-Jan-14 no names show up but when I search till 31-Dec-13 all names show up. When I try to re-enter one of the names the response is “number already exists”

    • Bala,

      We remove all pending leads from the system after 2 months, the idea is that if they haven’t opened in 2 months they probably won’t, and even if they do chances are more that it might be because someone else’s referral.

      Will check out why you are not able to re-enter, what you can do is enter those leads using the forms on this by mentioning your client id:

  27. Mandar_1985 says:

    what is online AP program?

  28. Manoj Krishnan says:

    What is the time period for disbursement, once the referral money is being claimed from the back office. I have now been waiting for 3 days. Is there an SLA for the disbursement or any critera for this ?

    • Manoj says:

      Hi, I raised a support request and got reply now.. . The referral commission payout is processed only every Friday and amount will get credited to your bank account on Monday.
      Thanks support… Much appreciated….Waiting for the money.. 🙂

  29. pratiksharma172000 says:

    Dear Mr.Kamath,
    I opened an account with Zerodha yesteday.
    Could you please share some links that would act as a guide for a layman?

    I am new to Stock market and was only into Mutual funds prior to this.
    There is a plethora of materials available on the internet, agreed, but I tend to sway away in this vast ocean on knowledge out there.

    To make it short, I need the MARKET FOR DUMMIES guide.

    Hope you understand a beginners plight. 🙂

    Thanks and regards,
    Pratik Hemant Swami

    • Pratik,

      Zconnect and TradingQ&A is our effort to help share knowledge, but yeah get your point and we are working on a fix to this problem, but will take a while though. 🙂

      But if you have questions on any aspect, feel free to shoot it out on Zerodha at Zconnect and on markets in general at TradingQ&A

  30. Hemangi says:

    I am using Zerodha for more almost 1 year. When I refered friends using Refer a Friend link on Zerodha website, it did not created any referal ID in back office. If the referal id is given only if referal added using backoffice then why to have this link on Zerodha web page?

    When I tried to add contacts again from backoffice it says the record aleady exists. Don’t you think there is process gap and others can benefit from such referal than the actual one who refered?

    • Hemangi, our earlier website wasn’t capturing a referral ID and you had to compulsorily give us leads using the backoffice. But since we launched our new website 6 months back, you can add referrals on the website itself and it will automatically get mapped to your client ID.

  31. RD0389 says:

    what is PARTNER ID and REFERAL ID in the REFER A CLIENT page.

  32. dc0267 says:

    hi nithin sir
    agar brokerage generation per month 25,000 se jada ho to kya aap
    25,000 pe 10% + Commissions from Client’s Referral also,
    dono denge is it right or worng maine yea info is web par dekha

  33. dc0267 says:

    mujhe is web se mail aya tha mail main zerodha ka naam tha

  34. Suriyakumar Jayabal says:

    Hi Nithin,
    My friend who referred me to Zerodha, is using zerodha account for last 2 months or so, He is very much behind me to open an zerodha account.
    He gave me a contact number of zerodha and also the application forms. I called zerodha and said I would like to open an account.

    But he is not aware of this Associate Program it seems. When I explained he was really surprised to know that he had missed his chance of entering me as a referral in his back office.

    Now since I had already opened my account, its not allowing in his backoffice to enter my phone number and email id as his referral.

    Poor guy! Is there a way that you could map my account as his referral, now.

  35. Ravi Kiran says:

    Hi Nithin,

    I had referred a new client for zerodha by entering his details in When I tried to check the refer status in ‘Q’, the referral page is not loading showing a message ‘Error in Internal Server’. He still didnt get a call from you people regarding Account opening. So I generated a link with my Id in Zerodha Associate Page and shared with him and he requested a call back from you by entering his details in call back section in account opening page of your website. Is this okay? and he wants to open his account at the earliest possible time. So, pls do contact him sooner. My Id : DR1537.

  36. ask2seenu says:

    Hi Nithin,

    I got 10% charged while withdrawing from referral wallet , why?

  37. kumar says:

    Hi Nithin,

    I would like to refer some of my friends who look up to me for financial advice. They want to open a trading account. Is the referral program still active.

  38. Muthukumar says:

    Hi Nitin,

    some of my friends want to handover their account to me for trading. how can i trade their accounts along with my account for NSE STOCK Futures,( i mean will you provide any dealer terminal for such cases?)

    Please advise me in this case.

    • Muthu, we don’t let anyone trade on behalf of another person through a dealer terminal. This is not legal as per exchange rules. IF you want to do this, you need to register as a portfolio manager with SEBI. Check this link.

  39. praveen sharma says:

    Hello Nithin

    Does Zerodha provide sub-brokership & trading terminal so that we can punch trades on behalf of client.
    Many person just cannot trade on internet – reason may be different
    No reach of internet , time constraint etc.
    I work as a dealer and of the view if you can provide dealing terminal for dealers like us it will be very useful.

  40. virender kumar says:

    dear sir i want to know if the client i that i mapped with you stopped trading before the limits of 2020 rupes then the person get the money which is genrated in walet or the amount should be 2020 to wtidraw

  41. Ankush says:

    Hello Nithin, what is the minimum payout for the “authorised person” program ?

  42. AkshayOnline says:

    Hi Nithin, I had requested the transfer of 2 referral clients from my trading account (DA0159) to my Zerodha Partner account (AUOAPS) which had been done on 2nd February.

    Before the transfer took place I had 576 Rs in my referral wallet which I had assumed would be transferred to my Zerodha Partner account since the minimum limit for withdrawal is Rs 2020, but it has been authorised for withdrawal and I haven’t received it.

    Since 2nd February one of the clients has traded everyday and I can view the contract notes everyday, but my Ledger Balance and Brokerage Report both are still 0.

    Kindly do the needful.

  43. Ashish says:

    Hi sir,
    I had recommend one of my friend to open account with Zerodha. I was not aware that it is compulsory to refer the client by the above methods mentioned. I told him to open account with u online but he told me that he visit the office and open account there. He opened the account but didn’t mentioned my id anywhere but i had all the chat proofs with him that i convinced him and what he told as written above.
    So i want to know can i get mapped him to me or not.
    Thanking you

  44. P.A.Joseph says:

    I want to know zerodha has office in calicut.

  45. kannan says:

    my referral wallet is near 2.5k and i am trying to withdraw the funds but not able to do … can u explain the process for withdrawal

  46. Chellaperumal Natarajan (DN0260) says:

    Dear Nitin ji
    I too tried to get a payout from Referrals Wallet
    I can’t find an option even in old Back office
    I think , Intensively it is kept with no option
    Any how thanks for answering the Queries

  47. Rajat says:


    There is newly launched marketing system that is prominently coming up the western world, that is of inbound marketing, that is surely going to be very effective for your business plan. If you are interested in it then please so that we discuss further about it

  48. chandrashekhar says:

    Hi nitin,

    yeterday ie 15/6/2015, have placed a request for withdrawal from my wallet, when that amount would br credited to my account?

  49. Anubhav says:

    isn’t there a system of affiliate marketing with zerodha? Just putting a the link on our blog which leads the visitor here and the blogger gets the benefits as above??

  50. Nishit says:

    @Nitin – I am planning to manage money for some of my if i refer it to Zerodha,, can i see all their details under one head, for eg..Mr. X , Y & Z are investing through me only, so can i view all their accounts under one head for administrative convenience?

    • Nishit, managing others money the way you are planning is not legal in India. The only compliant way is by taking a portfolio management license. If you have the PMS license, we will be able to give you that feature. Check this.

  51. Kinkar Paul says:

    Respected Sir,

    I have two account ID for one account is DK82** & WBDK82**.
    Which ID I have to write here “” to start affiliate program ?

  52. San says:

    My “Refer” page shows only 3 referrals in which two accounts are opened and one is under process. But as per my “Wallet” page, I can see all four referrals. Why only 2 referrals are shown in “Refer” page? Why not all referrals are shown in the same way in both “Refer” and “Wallet” page?

  53. Vishwa Jyothi says:

    Dear Nithin,

    I am interesred to refer ppl from my family and friends circle.
    But it will be easy if I get to know the minimum or basic documnets required to open an account to convey them.


  54. Sathvik says:

    I am trying to refer my friend through that link.But I am getting this message ”
    301 Moved Permanently.
    Neither of my friends are getting this link to open account.

  55. ST says:

    Hi Nithin,

    My ID is RS5212. I had referred two of my friends a week back.
    But they never received calls and executive marked the status for them as interested. How can one know if someone is interested without calling them.

    Is zerodha no more supporting associate referral program?Please look into the matter.


  56. titus says:

    hi i referred my friend by calling zerodha through phone on may 15 and asked zerodha representative to fill it as my referral. now on Aug 20 he opened an account. now the sales manager telling me before 3 month opening only will come under referral. if it goes beyond 3 month it will come under zerodha. this haven’t mentioned anywhere in your articles.
    what should i do to make it as my referral.

  57. Sarvesh Ojha says:

    I have already referred one of my friend. I told him to mention while filling the form on referral page. He have opened the account. Almost 20days had passed. But i am not able to see him in my reffereal wallet.

    Please do let me know,
    1. If someone open account then will I be able to see him/her under my referral?
    2. Or I will only be able to see the amount brokerage i am getting?


  58. VJ says:

    Hi Team,

    I was just referring a friend of mine, but while explaining him the brokerage calculator i found the brokerage is gone up to 40. Is it changed recently ?


  59. pravin Bharane says:

    Hii my I’d is RP 1371. I have referred 10 friends out of that 3 friends already opened account and remaining are in process my question is one of my referral friend is trading from last 20 days but still in my wallet it is showing zero rupees earning I raised the ticket twice regarding the same but didn’t get single reply very bad so please tell how much time it will take to update wallet

  60. Udaykrishna says:

    I have an Demat account in axis direct Can I transfer to zerodha ,is it possible or no

  61. jay says:

    is there plugin for mt4 chart direct order can be placed?

  62. RS5989 says:


    I have recommended Zerodha to my friend last week, but not thru referral link. I just noticed today about referral programme. How I can add him under my referrals?

  63. Adhik says:


  64. Krishna Rath says:

    Hello Zerodha,
    Just wanted to check if the client ID is the one with DKxxxx or MHDKxxxx. Cause to loginto Q, we have a different UserID, so which ID should we use

  65. SRIDHAR says:

    Hi Nithin,

    This is Sridhar,
    My Client ID: RS7866

    It is very nice to meet you
    I want to share some of my views about ZERODHA.
    The technology and the platform provided by you (Pi) is very attractive. One day it is going to dominate the entire young once. I was very much impressed about you and your business model the way you designed it. This is the right time to reach every individual person who is all interest about Indian equity market they are all to know about Zerodha. Equity market investment is the best way to invest for everyone because this was proved past few decades in our Indian equity market performances and more over Indian Market is an emerging market in our country youngsters population 356 million 10-24 year-olds, India has the world’s largest youth population despite having a smaller population than China, a latest UN report said today. India is set to become the youngest country by 2020. If they ready to contribute in Indian equity market we should consider in their situation what they expecting from anyone Brokerage has to do for them comfort and convenience. other than that Technology is improving day by day it gives us more exposure to learn and access everything in single devise so everybody can invest in equity market from the young stage and their contribute our nation growth. Past few months data shows our Indian Retail investor’s contributions increased predominantly in Indian equity market, it has to improve very much in future. So we have to ready to give such a good and friendly user technology, easy to approach any guidance further support if they need it. If we done it these things, we can capitalize all the young Indian investors, it will give us massive results in future.
    Nithin this is my humble request to you Put or add some more features into it like automatic signal generation for BUY and SELL based on the parameters what we set. It should come as an indication in any form in my market watch screen itself. I am a technical person using FT software for so long years. This feature is available in FT software. If you add this feature in your Pi, it will be an added advantage for your clients. Am very eager to promote about ZERODHA who are all in my contact network it will be going to rock very soon……
    That is all from now…we will meet again…..

    My Best wishes for you and Your Wonderful team…

  66. Harpreet Singh says:

    Hi Nithin,
    Please let me compliment you for all the technology improvements and enhancing our knowledge base to improve our trading ability. My problem is that I had referred a client and made sure my details are updated in the introductory forms as referral. I was aware of referral program but not really sure of the process since i never used it. I had raised a ticket #380966 on your support desk for to get this client id mapped as referral in my name but it seems the person on the support desk wants proof if i actually referred the client or not even though it is available in the client’s introductory form. Would really appreciate your help in this.
    Harpreet – RH0149

  67. Devendra says:

    Dear Zerodha,

    Does Zerodha offer Sub-brokership.
    or Dealer Terminal ?

    IF I get same or Dealer Terminal Can I get Bracket order enabled for MCX

    PL. Guide

  68. Huma says:

    Hi, I have an NRI friend who is interested to invest in shares and I would like to refer her.
    Can NRI’s invest like regular Indians or with restrictions or not at all?
    Please let me know if there is a link giving info on this topic….

    thanks in advance,


  69. vijay pandey says:

    If i have refered someone and he refers others then will i get some profit of others too……If it is not so then you should apply this….from direct referal 10% ……indirect —-1%….

  70. Rohit says:

    With the waiver of brokerage fees for equity delivery, is this referral plan still in effect?

  71. Merin says:

    Nithin bro, referred 20 clients after this awesome news. Happy to grow our client base. Hope our sales guys can turn them to zerodha clients!!

  72. M Kithan says:

    Hi Nitin,

    I’m a Zerodha customer and would love to refer my friends through your referral program. But before I do that I would like to know, as mentioned is some of your replies above in regards to the “Partner program”. How is it different from the referral program. My ID is DM1984.


    M Kithan

  73. subhash says:

    HI, zerodha
    my name is subhash. Recently i showed intrest to open account with you through and i get call from you and e-mail with instructions. In phone chating with your excutive, he told me, you just download the account opening form and signed on it and send it to us.(blank form except sings). Is it right to send blank form.

    • Venu says:

      Its mostly to avoid rejections and for faster account opening that we insist that not all the fields be filled. Nonetheless, you may fill in your Name (as per PAN) and other basic information like mobile number, email id and send us the forms along with necessary proofs.

  74. Lahu Kure says:

    At the time of downloading account opening form i had entered my friends details, when i try to enter details in Q for referal it says details already exists. My friend has not sent account opening form
    Yet how can i refer him now?

  75. […] remember to put a word out about us via our Associate Program if you are satisfied with our […]

  76. “Zerodha Associate Program” got this welcome email on a referral opening an account with you. Thanks.

    from q > referrals > refer – done.
    name -> email -> phone – entered done.

    referral history (has those names or referral individual).
    your salesteam was superfast to contact those referals – agreed by experience.
    (but no follow up within the 60-working-day referral history expiry peariod [a 12-day followup would be advisable]).

    now the catch:
    now i do not have a link (in referral history of q) to download the forms with my referral id/name entered in it, so that i can email my referral and help him/her to open an account (that’s my service).
    increases the facevalue.
    with the above i am sure they open the account with my referral id/name.
    i can get it in my email id, as your salesteam (staff) calls them the 1st time to verify.

    awaiting reply…

    Thank you.

    • Venu says:

      An account is mapped to you only if the lead has been entered by you through Q. So in your case, you can still take printouts of the forms, get them signed and sent across to us. The account will be mapped to you by virtue of you having referred them through Q.

      • basically if my referral go to zerodha home page and opens via online registration and same [emailid and cell no] as i refered in q is placed then automatically they will map to me. i have image too. (if i have understood correctly).
        but my above msg was actually for circumvent if what my referral goes directly to ur site and opens without my knowledge. i mean some other [email id or cell no] (i am blunt with this query, i dont know how simple i can put it).

        thus a link for documents in my referral history can help.

  77. Amar Singh says:

    Hi, I want to be a part of Zerodha partner scheme, even i have a account with you guys.
    Please let me know the procedure of the same.

  78. prashant says:

    I am existing Sub Broker with another company. I WISH TO join ZERODHA as Sub Broker / Authrise person. I have 50+ Active clients & my monthly gross brokerage is around 50K . Can i join Your zerodha as sub broker. ????

  79. sid says:

    among the 380 brokers in Indian one that very evident is, only zerodha has been acquiring fans while the rest 379 brokers are acquiring just clients. good job team ‘zerodha’ and nithin you rock..!!

    I keen at looking at what you have to offer as Sub broker/ online partners. Whom should i be reaching out to ?

  80. Deepak Pawar says:

    I am existing New Sub Broker of LKP. I am Interested to work with ZERODHA as Sub Broker / Authorize person.I Have Plenty clients But 8 Active clients They give me Brokerage 25k. can you give me your sub broker-ship. Lkp appoints new
    sub- broker in my town so i am interested to join with you.

  81. Nilesh says:

    Hello Nithin,
    When I refer my friends and colleagues and I become the lead i.e. their account gets opened because of me, Will i be able to see all their positions on an on-going basis, to be able to continuously guide them?

    Also, it will help me tally the brokerage they are generating versus the 10% that I am getting.

    • No Nilesh, we can’t show any positions and all. You will have to be a registered authorized person with us on the exchange. But we as Zerodha don’t have this business model of allowing AP’s/sub-brokers to be able to view client positions. Most other brokerages will allow you though.

  82. BALAJI says:

    Your comment is awaiting moderation.

    Dear nithin,

    I referred a lead (TECHNOFUNDAS CONSULTING LLP). due to some documentation issues it got delayed & the account was opened after ur 60 days time frame. Will I be able to receive the referral benefits?
    At present I cant see any one attached to my referral account.

    • Balaji, if more than 60 days we remove the lead from our repository. So if it is opened after that it won’t be mapped. But if the forms had arrived before that and was pending with us, it can be mapped.

  83. Gireesh says:

    Dear sir,
    i have referred my brother to open an account with Zerodha and he opened the same, but still now the status is saying that he is not interested, kindly check it….

  84. abdulkarim shaik says:

    Sir I am abdulkarim.DA1553 mistake i entered his name and details in zerodha website and referred my friend damodar in q which says duplicate form and then I referred him by writing my ID : DA1553 ON HIS Kyc form…but to my surprise he’s not in my referral in my q
    my friend name damodar Kumar basana
    cliend I’d RD1367

  85. Ram says:


    Is there any link which I could post on a Website or Blog, in order to refer?
    Any way I could refer my facebook and Linkedin friends via any link or adv.?

    if no option available, is there any plan to provide this feature in coming days/months?

  86. Mukul Dev says:

    Hi Zerodha,
    My Client ID is DM2960
    I Referred a Client from My Backoffice The Account of Client has Open As i am attaching snapshot of my backoffice And He is trading from Past one week,But I am Not getting the referral benefit i intimate the same to support@zerodha But I got a ticket number only which is now Showing That the ticket is Closed.
    Referred Client ID is DD1874
    Please resolve My issue.
    Thank You.

  87. RS7364 - BSRao says:

    Dear Nithin Kamath,

    I got an account created under my referral and that account was opened on 26-10-2015.

    Then onwards the new account has generated a brokerage of
    Rs. 920.00 through Equity trading and
    Rs. 3,934.11 through Commodity trading as on 24 Jan 2016

    Whereas my Wallet is showing Nill as on date

    I request you to rectify the problem and update the wallet.

    Srinivasa Rao

  88. cvenkatesh says:

    HI SIR



  89. Shreekant Birla says:

    Dear Sir

    Kindly advise on following :
    1) I had applied for your associate program & received a response that your sales person would called to discuss. However nobody has called far.

    2) I have given a lead today for Mr. Rajeev Gupta who will open his account with you soon.
    You need to make necessary sales support like sending forms etc by e mail to him
    & also a courtesy call.
    He was very much impressed when he saw my trades on ZT.
    ( Kindly note that this reference will be linked to a/c DS1259 which is my root account. I gave referral wrongly when logged in for client)

    3) I tried to make fund transfer request for referral commission on Q.
    It is stating there that please visit old back office.
    I logged in to old back office ( only on IE after downloading, which we do not use anymore. Everybody uses Google Chrome).
    After logging into old back office, fund transfer could not be done. I tried to give feed back, but failed to do it online, on the old site.
    Kindly look into the problem & resolve the same.
    In my opinion, it would be better, if you link the fund transfer to Q.
    I await your advise on how make commission fund transfer.

    With a copy of this mail I request Mr. Nitin to spend few minutes to look into the above matter please.

    With best regards,
    ShreeKant Birla

  90. Gopi says:

    Hi, Nithin Kamath,

    Hope for Opening Online Partnership Account will take more than 1.5 Months, Have Applied with all Required documents but don’t Know reason for delay …

    Today i felt, for Intraday you have charged more than the specified amount and in Equity too where no Brokerage Specified ….

    Gopi P

  91. Gopi says:

    Thanks for your Reply Nithin, Mr Manohar is taking care as a Relationship manager…

  92. Kaushal Mehta says:

    I have zerodha terminal 3.11.2. I am trying to get the live rates from terminal to excel sheet. I have M.S office 2007.
    By looking the past comments, I have added NEST3 folder in the Trusted certificates (included subfolders).
    Clicked on “Link to Excel” All items and pasted in excel sheet. But its shows “N/A” in cells.
    AM i missing out anything?

    • Hanan says:

      Kaushal, what you’ve done up until now is right. Probably, you need to right click on Excel and ZT icons and choose “Run as Administrator.” Try this and let us know if you can see realtime quotes on Excel. If you still can’t see it, you need to call customer care on 08040402020

  93. lawrence says:

    I see a problem in affiliate link. I placed Zerodha Home page link with my Client id in my blog. But unfortunately when user is redirected to zerodha home page and clicks on “open account” link , affiliate id from URL goes off and user will enroll himself directly whereby i lose referral mapping.

    Can this be taken care ?

  94. Mukul Dev says:

    Hello Sir,
    Can I generate An affiliate link using My Partner ID So that it can be send to my Friends to open an account,As affiliate link ask to enter client ID to generate link,is it possible to generate such link using the partner ID ?

  95. Vijay says:

    Hello Nithin, I referred my friend Mr. Chandra Mohan to zerodha, his name was reflecting in the list of referrals for a while but however when he opened the account, He is no longer under my referred clients list and his trades are not fetching me earnings. Both himself and I have reported this multiple times to your customer care but nothing has changed. Could you please do the needful to add him to my list of referrals and make sure I do not miss the referral income from him? His client ID is DXXXXX.

  96. Muzzafer says:

    I want to know , is there any Franchise of Zerodha in J&k .

  97. Muzzafer says:

    I would like to set up one, i have the NISM Research Analyst and Equity derivative certifications and experience of stock market. How to proceed ahead?

  98. sat says:

    HELLO sir,

    Would you please clarify me exactly how many months bank statement needed for opening account in all 3 segment as per the exchange guidelines(equity ,f&o n commodity)..

    When I called Zerodha support regarding opening account to my friend, first, they said 6 months statement is needed ..when I told my friend does not have 6 months statement then they said “ok you send 1 month statement, no problm”. But yesterday my friend got a call from zerodha saying 6 months statement is compulsory…!!!

  99. SRK says:


    I have been referred by my friend, but unfortunately, (as I was out of station) I couldn’t complete the registration procedures, till date. It is going to be 60 days(on March 1st I guess) since he has referred. I am back to India and will send the filled up application soon.
    But I would like to ensure that my friend will be eligible for the referral bonuses/credits. Please advise what to do.
    You can check the status using my email id and phone number.
    And, one question: Salary slip for a single month is enough as proof of income?
    Thank you

  100. Avijit kumar ghosh says:

    Nitin , so nice to see that you are playing guitars 🙂 i am also a lead guitarist . Well , i have an account with SMC global and i want to shift to zerodha. Just let me know one thing , if you have any plan like rksv provides. I am talking about the unlimited trading plan. They are offering the same @ 3999 /month. As i trade only in FNO and with huge volume , so i have one more question. Do you have a good set up in kolkata ? I am a technical trainer and i dont need to rely on the broker house call , so it should be the best idea if i shift from sms global, right? Please let me know about any unlimted plan /60 days challenge type of thing ,if you still offer.

    • The 60 day challenge is on, and we don’t have any unlimited plans.Our trading platforms are quite popular compared to the competition. I think RKSV has stopped the monthly schemes. Nice to hear that you play lead guitar. 🙂

  101. Dharmesh says:

    10% commission which you offer for referring a client is on all segment, because equity delivery is free, my question is if my reference trades only on delivery, is there any commission to me ? 10% is in brokerage amount or brokerage+taxes?

  102. Sunny Pathare says:

    Nithin sir, Sunny here. I have one question. Is it necessary to become online partner before opening office fully dedicated to zerodha? As one of your sales person told me to become online partner first and then he will help me for offline partner program. Please sir confirm this.

    • Sunny, we insist you being an online partner to ensure we both understand each other well. You get to know how our business model works, and we get to know your potential.

  103. Gopi says:

    Hi NITHIN,




  104. kapil sharma says:

    Hi sir ,
    I have partner id ZMPKAS From Zerodha and i am also receiving brokrage Money direct to my bank account. i add lead by crm. link but i just want to know where i can see My all client status that how much money that particular client Produce . I also check Bo.zerodha but unable to find out . so please help me for Know my status .’

    Thanks sir

  105. ameya patil says:

    wil i be able to get a master terminal where all my referred clients can be mapped under my terminal and i can trade for them..just like sub broker ship…please let me know as many clients want me to trae for them and trading with different accounts seperately is not possible…thanks in advance

  106. R Kumar says:

    Dear Sir Can I Put my Zerodha referal link in my blog?
    And make some posts about Zerodha trading and its advantages and put the referal links in between?
    Is it allowed? Can I post my referal link in social media?
    Pls Advice?

  107. Laxmikant says:

    Hi Nithin,

    I am interested in opening a HUF account with Zerodha and want to know once I open my account do I refer my individual account as a referral benefit? and open the new Individual account and get benefit of referral program

  108. Mushtaq Ahmed B Sarwar says:

    Sir, I want to know can I trade on behIDalf of my friends using their IDs and password

    • Venu says:

      The trading ID’s and passwords are shared with the client on his/her registered email Id. It’s upto the client to share this at his own risk. When a Bank issues a debit card, the customer is supposed to keep the pin private. If he shares the pin with others and let’s them use his debit card, he’s doing it at his own risk.

  109. Dhiraj says:

    I have referred a friend. I entered my client ID while filling his account opening form. Is this enough for getting referral benefits because when I entered details of the same friend in Back office, it says the data already exists. Please explain.

  110. Kaushal says:

    Sir, I want to know about the status showing with my referral names

    what does ” Call Back ” status indicate ?

    what does “Unpicked” status indicate ?

    what is the next status of “Call Back” if accepted or rejected ?

    I refer my visitors on my blog,all are random online referrals

  111. Arjun says:

    Hi Nithin,

    I was going through this forum and i realized that Zerodha does not offer a dealer terminal for obvious reasons. However, what about if someone is using say Amibroker and wants to fire orders without first approving each order on Pi manually. I have worked with numerous brokers in the past and what i have understood is that if you want to fully automate your strategies (Amibroker) one would need to get a dealer terminal.

    Another question.

    Can one develop fully automated strategies using Kite API.

  112. Arjun says:

    Hi Nithin,

    One more question. Who is the best person to talk to regarding the Kite API. I was in the process of developing a web app to manage my trades, however there does not seem to be an option to create a sandbox account for the purpose of testing. A few more questions. Should i just talk to tsiva regarding all this.



  113. Harish says:

    Hi sir I wanted to start a sales branch in proddatur mandal,Kadapa district .its a good area for business I want to be part of zerodha please reply back to email regarding

  114. Dipak kumar says:

    hello Sir! i was a sub broker in 2008 and i didnt knew so much of stock market. I had 600 customers at that time but due to market fall i lost my customers. Now again i want to start. i have come to know that you are paying money for account opening. so my first question is how much do you pay? because tradeplus people are clearing mentioning in their website that they pay Rs.2000/- for referring customers to tradeplus. So if i refer 5 customers monthly then how much i get ? please clarify the monthly earning. Are you paying for referring or sharing brokerage basis? This is very important question of mine.

  115. Bharath says:


    Affiliate links are really helpful but has some additions.

    1) Opentrade we don’t see any open an account link so that client can leave their contact details. So in SIGN UP pls show 2 options like “Existing zerodha client” OR “Open an account at zerodha to access opentrade ”

    2) In Varsity at right corner blue color words “Open a zerodha account “. If someone uses my affiliate link & entered contact details here, those leads are not showing under me. Kindly check.

    3) Kite page also not an attractive landing page. Expecting attractive landing page with information about Kite

    4) Pi page should be updated

  116. Yogesh says:

    I have made 7 references in Zerodha partner program but I cannot find what commission I got?? And where can I find wallet in partner program.. ZLM

  117. Suman jha says:

    Dear Nitin, I am a new client of Zerodha. I thank you for providing an easy way of on line trading .I am using Kite because I could not get downloaded Pi activated . I waant to know that if I refer Mr A and he opens a demote account and starts trading . What will my earning out of my reference . Will it be one time or till the account is operated ?

  118. virander tandon says:

    Have u any plan to open office in jammu.

  119. Anant says:

    1. If I refer, lets say Person A, who in turns refers Person B, would B also be mapped to my account ?
    2. What happens if the referred person deactivates his/her account before the wallet reaches 2020 ? Can it still be withdrawn ? What happens to that amount?

  120. Deepali Gupta says:

    I am trying to refer one of my friend and he has never been referred by someone else on zerodha but still the email id and phone number shows duplicate record.

  121. Srikanth says:

    Mr.Nithin Kamath

    Good Day

    I would like to know when,
    will be the referal wallet amount after claiming will be credited to my account.
    which account
    and process

    thank You

  122. D says:

    Dear sir, i am a zerodha client and i want to refer my own HUF account can i refer my own HUF account? can i refer my son’s HUF account?

  123. Yennam says:

    Hi sir,
    This is Yennam From Hyderabad , Having sales Team of 25-Momebers and we are running an advisory Firm.
    So if there is any Best Deal kindly Forward through mail.
    And our Executives will Attempt Daily around 4000-5000 Traders in all over india.
    My Monthly Fixed Expense is around 3.5 Lakhs. But i am not recovering that from Advisory Business. Planning to shut down my company.
    If there is any Good Opportunity Kindly revert to very fast on Given email id with Your Contact Details.
    I dont Take Much time for decision. will start immediately if u can Offer Best to me.


  124. RAJ says:

    I am an ex-Air Force person. Most of my AF friends are staying all over India. Can I refer them, if at all, its OK, how there accounts will be opened as you do not have the branches at all over India and how your representives will collect the documents.
    Please let me know, thanks and regards

  125. tushar says:

    sir my name is tushar from ahmednagar maharashtra i start new broking house zerodha asosiate plz help me zerodha is not now ahmednagar thanks

  126. Madhav says:

    Planning to open an A/c with you and like participate in “Zerodha Partner Program” if possible. My question is; whether becoming partner and referring somebody is the same or different. I have some more specific queries regarding opening account and transferring holding from some other brokers, etc. who is the best person to get all information?



  127. Narendra says:

    My doubt is if I refer a person,I will get 10% of his brokerage.But as you have made brokerage zero for investors(non traders) there is no use of refering investors to zerodha.

    I am planning to refer some people.Does it make any difference if I ask them to register themselves instead of referring them through my backoffice.Since all are mostly investors.

    • Venu says:

      We share 10% of what we earn, if we don’t, there’s no sharing. Your friends who you refer, will stand to benefit by getting access to good trading technology at zero costs. Maybe they’ll venture into trading other segments which will yield some revenue to you. Maybe they’ll thank you for referring them to Zerodha. Not all benefits have to be monetary 🙂

  128. rohit dsouza says:

    Referral amount for delivery based trades seems to be stopped because of zero brokerage scheme. So why will people refer then. Can you answer my question

    • Venu says:

      We share 10% of what we earn, if we don’t, there’s no sharing. Your friends who you refer, will stand to benefit by getting access to good trading technology at zero costs. Maybe they’ll venture into trading other segments which will yield some revenue to you. Maybe they’ll thank you for referring them to Zerodha. Not all benefits have to be monetary ?

  129. Jatin S says:

    I have referred two people ( uttam Chand and Vimla Kumari ) which is linked to my account. Despite sending the form multiple times, account has not been opened and i was told today that form has been rejected. This is purely on account of inefficiencies of the Zerodha executive handling this process. What is the mechanism to report such an incident? The executive did not guide properly through the process and did not tell what was to be done. Also , when contacted, the executive is seldom available. Can someone please look into this and take appropriate action?


    Dear sir / madam,
    Few days back I requested to become a Partner with zerodha . and i got the call from your representative Mr . Fahad khan and he explained some thing about partner ship program .he informed me that he will send the details through email , but till now i did not recive any mail regarding the details .please do need full help to me .i am very interested to work with Zerodha partnership program .

    Sathibabu kedasu

  131. vengatesh says:

    Hi sir ! This is vengatesh,i have interested to open zerodha sales center in coimbatore,it is an emerging area for traders in stocket market,i would like to be part of zerodha..can i know the procedure ?

  132. Ashwin says:

    I am a regular broker. I can open account & then refer my clients to you as friends. After generation of “10% of brokerage revenue “- How will I be able to redeem the earnings? i.e. to say (I) Will I get it in my Bank Account ? & (ii) if Yes, then How it will be defined as commission, brokerage etc?.

  133. vipin says:

    am NRI. have plan to open account with you , if we have zero brokerage for equity delivery same like resident individual it will be good option. iam 5 year equity trader with hedge equities. recently come to know about zerodha.
    i wish to know if there is option to sent application scanned copy to e.mail and make processing fast before receiving hard copy by courier.

  134. Manowar says:

    1. can it possible to place order exactly at 9:00:1 automatically just like AMO..?
    2. My last AMO got place exactly at 9:15:06 . Can you place order exactly at 9:15:01..?

    • All AMO’s are sent by us to the exchanges in the first 30 seconds of market opening at 9.15. Not possible to send it exactly at 9.15:01, best to place this order directly on market opening.

  135. vipin says:

    am vipin here. NRI i have given application for account open in my father name who is resident indian. and will invest through his account

    in case of reference commison. can i ask my refered person to write my Client ID on his application for easy reference. or how is it possible to track details

    one more doubt. For NRI long term investment 12 months i read in zerodha there is no tax for equity. is that still valid resident indian have to pay 20 percent

  136. Dulal Saha says:



    I am from west Bengal.. there is a very good business opportunities. i want to become your associate or partner.
    I see your step to becomes associate in your blog. after that i called Mr. Kiran kumar for the details who is your employee, he told me to become an associate i have to invest in equity & commodity with at least 5000.
    it is mandatory for become an associate.

    It is an over telephonic conversation with kiran kumar.

    My query is that is it mandatory for become an associate to invest in commodity must..where as i have no interest with commodity.. i only want to invest in equity & want to become an associate.

  137. Jagrati says:

    Hi Nitin,

    I wanted to refer one of my friend but by mistake i entered his detail in online application but now when i tried through q office referral it shows duplicate id. what to do now. how do i link him through me?

  138. Isfakur says:

    Hi Nithin, if my referred friend invests in mutual funds, do I get 10% of your earnings if any??

  139. SACHIN says:

    I need to refer My wife to open the account but the email ID and mobile number are of mine only.So would I get referral benefits.Let me know .My ID is : PS3938.Or should I should I enter her mobile and email now and while filling form fill up the required mobile number and email ID.

  140. Rohit Potturi says:

    Dear Sir I want to refer my friends while referring it is asking referral code, i don’t have any idea about this plz help me out..

  141. Prabu says:

    Hi Zerodha Team,

    We have opened an account with Zerodha before 3-4 weeks, received the ZPIN through mobile number. We were waiting for weeks to get the credentials in email. I was very eager to start trading and waited eagerly for 3 weeks and called up Zerodha support to know that mail ID was wrongly given in the form (Form was filled by Zerodha agent).

    It is very sad that Zerodha team never tried to check with customer whether all the information was received, being new to this trading we also have no idea of what to expect and when.

    After waiting enough we called the support team waited for 2 days to know the email ID was wrong and I have to pay a fine to correct my email. The Back office password was sent by email and asking me to login.

    Really…….I have the password and don’t know the user name or client ID, as you can understand I have taken time to write the comment that means I have tried searching all your websites like / / /z-connect to understand that I surely need a user name or client ID for login.

    Kindly requesting your quick action, ticket ID #811800

    Being a beginner looking to have step by step guidance.

    Please support

  142. Prabhat says:

    In Zerodha it is mentioned that minimum referral bonus is 10000 , what does that mean ?

    Will I get 10000 once he/she opens an account ?

    If a referee has opted for 60 day free challenge will I get the referral bonus even if he is successful in 60 day challenfge

  143. Prabhat says:

    I had referred a friend and he opened an account with zerodha
    I didnot refer him him through Q / Associate link but from Zerodha home page.

    Please help me mapping the referral to my ID

  144. Ankit says:

    *Referral payout requires you to complete a one time registration process with us.

    What does it mean ?
    Is there any further registration will be require while withdrawal?

  145. Pradip says:

    Are all the fields (Name,Email ID & Contact No) mandatory ?? What if someone does not have a e-mail ID ? I can share only Name & Contact No. Will that be sufficient ?

  146. Arjun says:

    Minimum referral payout is ₹10,000.

    What is this?

  147. Piyush says:

    I’ve referred 5 people till date. But in referral section in Q, only 3 appear. I tried using next option but it shows 3 only. Out of the last 2 referrals, 1 appears sometimes then again disappears, whereas, 1 hasn’t appeared ever till date. Please rectify.


  148. Harish says:

    Hi Nithin,
    I have referred my brother to open an account with Zerodha.
    One of your sales guys (Ankith) asked for the reference client ID to be mentioned in the form and then this would be mapped automatically as a reference (same steps I had followed while opening my account).
    Now, at the time of form submission at your head office, I got to know that the referral should have been initiated from my back office.
    Please ensure you have a competent sales team who can give correct advise.

  149. Rebanta says:

    Hi Nitin,

    My Dad is running a shop of gift items and garments. Since lot of people keep coming so just thought if we can diaplay some posters or banners of Zerodha and introduce as business associates of zerodha to create awareness among them that may help in getting leads. We can try it out only if you donot have any objection.

  150. Souvik Mukherjee says:

    What to be filled under Referral ID while referring someone from Q?

  151. R Kumar says:

    Did you increased minimum referral payout from Rs 2020 to Rs 10000?
    Its very bad. It shows that u don’t want to make a payout…

  152. Sandeep says:

    Hello Sir,

    1. How can i enroll for a associate partnership program with zerodha ?.. any education or certification is mandatory?
    2. I have referred two of my friends through one of your zerodha representative. In this case, what would be the benefit for me ?
    3. I am using Kite mobile app, My suggestion is to add Nifty sector wise indexes which really helps a lot ( at the moment i wont see any index default loaded).
    4. I have many user friendly ideas for your app, please contact me . I am happy to share you my thoughts.

    Thanks in advance, 🙂

  153. Reddiah says:

    “*Referral payout requires you to complete a one time registration process with us.”

    What is that means can some one explain in detail.

    • There is a one time registration process with the exchange to receive payout If you can email [email protected] with contact details, he will get in touch and explain.

      • Sandeep says:

        Hi Nithin,

        Thanks for quick reply.

        could you elaborate point.2.
        I have directly referred three people through Q back office today morning. These names are displaying.
        I have given two names to zerodha representative but it is not showing under my account. Why?


  154. sachin says:

    Dear Nitin,
    Pls launch the option for investing in ipo/fpo

  155. Ankit says:

    Hi I’m interested, pls let me know the process & also arrange a call today if possible.


  156. Tanvi palav says:

    I have a Query. Since equity delivery is free/zero brokerage, will that trade be counted for brokerage commission in referral program? As in, if my referred client takes a delivery, will I still receive the 10% brokerage for the same trade.

  157. SHASHI says:


  158. SA says:

    How can i be a authorized marketing partner ?
    what is online marketing partner ID ?

  159. George says:

    I would like to use your brokerage services for my PMS business model. Firstly is it possible ? Secondly can you give me a contact in your firm who I might talk to.


  160. Motilal says:

    Sir what is benefit to refer friend.

  161. Arjun r k says:

    I tried entering the referral details through the Q backoffice. But the referral link isnt working.
    i have reffered my partners through the CRM link given above and sent an email to ur customer support to make sure they are mapped to my account.
    I hope this will suffice.

    • Vinay says:

      The backoffice error was temporary now it is resolved. In future please enter the referral details in “Q”. Your referred partner details was captured correctly with your information once the account is opened it will be mapped to your account. You can verify the current status in Q back office in the below mentioned path.

      Referrals-> Refer-> Referral History

  162. Motilal says:

    SIR, i have union bank account . i want fund transfer by NEFT , zerodha account is which type of account saving or currunt account .

  163. Rakesh Mandal says:

    If a person click my referral link and visit your site, but leave without registration, and come back latter directly without my link and open an account with Zerodha, will he/she be considered as my referral client? Within how many days or time the person must be open an account after leaving my link to be considered as my referral?

  164. Sandeep says:

    Hi Nithin,

    could you please explain Roles and responsibilities of ZAP ( Zerodha associated program).
    What is the difference between referrals and ZAP.


  165. kumar soumyakanta dash says:

    hallo sir i reffered 5 customers from 18th sept bt still now no calls from your sales the time period is 60 days so try to call them as soon as possible.

  166. Ramya says:

    I already have an account with zerodha in my name. Now , i want to open another account in my one of my family member’s name. Is it possible to use the same mailid & mobile number which is alreday linked with my zerodha account with the new account?

  167. Sachin says:

    Hi Nitin,

    Do you have a sub-broker/associate programme as well?

  168. Ashok K Sharma says:

    Dear Nithin Ji
    My friend (Mr. Rohit Upadhyay Mobile no. 9314766007) asked me about zerodha and i told him all about zerodha as per my knowledge and gave contact no. of zerodha to know more detail ( I think it was my big mistake, because i told anything and gave contact no. to him without register his no. on Q-back office under my lead) Because he called in zerodha and now his no. showing already registered.
    Anyways > After then i downloaded Application form and filled up, that form is in my custody.
    So Nithin ji please tell me how to add Mr. Rohit upadhyay under lead of my client ID in this condition, I will post that app. form in next week.

  169. NAGNATH MORE says:

    hi nithin sir
    I have referred 3 friends of mine. …so what will be my benefits..

  170. vaibhav pavtekar says:

    I referred my wife’s (Shubhangi Pavtekar) DMAT account in beginning of opening account my ac on recommendation of one of sales person & one of my friends account (Jeya Dickson) using Zerodha.

    My wifes account was reflecting under my referral’s since more than year is disappeared now & her account is most active account among both of us.

    on other side my friends account is opened and he is happily trading since more than last 6 month with zerodha now but his reference is not updated under my account.

    This is disappointing!!

  171. Rakesh Mandal says:

    How can I get the report of earning from each individual referral client?

  172. sudheer says:

    I have referred 3 people from the Q dashbaord refer page and none of them seems to have got any calls regarding account opening.Whom do i contact?

  173. krishna says:

    one of my friend reffered me to open zerodha account wt is the benefit for me using his refer code

  174. Varun says:


    Myself digital marketing professional. associate program seems to be interesting. i have been doing couple of lead generation campaigns for various industries. can i generate leads through paid media for zerodha. will those leads are eligible for payout. or do we need to refer those who know us personally.

    please clarify


  175. Shivam Kabra says:

    Hi Sir,
    I had referred zerodha to my friend but after i logged on to Q and mentioned the details of the referals, it said the client / Email id is already registered. Could you please map the referal to my id. Also let me know where can i send the details of the referal.


  176. abinay dutt says:

    I have referred three persons who have got account opened successfully with in 60 days and two out of them have traded in the last two months. However there was no amount can be seen in my wallet.
    My id:PA3705
    Got to know from customer care that every month 15th that would refresh but last month it didnt get reflected and not even today.

  177. Naveen Jain says:

    I have recommended many prospective traders to use Zerodha, as Zerodha has quite innovative Platforms as Pi and Kite. I have given my Zerodha ID and name to these prospects to add me in the introducer section in the Zerodha account opening form.

    Some of them have been mapped to my backoffice “Q’, but some are not. Now Zerodha sales team and support team asking to update on Q.

    Please help mapped all the clients who has used my ID in the introducer section of Zerodha account opening form.

  178. Hanumantharaju Basappa says:

    I opened Zerodha account recently and I told my colleague to open Zerodha account. But he forgot to mention the referral code in the application. He already sent the documents through courier. Please let me know, will it be possible to add it now?

  179. SHIVAPRAKASH says:

    Dear Nithin
    I am from Udupi, presently associated with Reliance securities since 2006. We both met once or twice in Bangalore and Jaipur I think. Now If I take zerodha sub broker it there any scope to make good business, revenue ?
    Along with Reliance securities I was with ICICI but now I am no more with icici direct. what you suggest, First of all I am opening an account with Sourab Gandhi.
    what you suggest please reply…or whats app me to 9343322522

  180. KAIZER MD AMIN says:

    Hi Nithin,

    I am an existing client of Zerodha. I have started writing a blog on finance and the stock market. I want to use the affiliate links to the different pages of Zerodha on my website. Is there any need to refer my visitors in Back-office again or the affiliate links (generated by Zerodha) will be sufficient to get the referral?


  181. Naresh Kumar says:

    Dear Zerodha
    my id is RN1979
    i was having some referred clients money in wallet but its became zero now , your 1st condition of getting my wallet amount after 10k is 100% unreasonable because you are taking your brokerage on daily basis and for referred system and you are putting condition of min. 10k every time to your sub-brokers.

    before withdrawal any amount we have to complete 1 time Registration with zerodha , what is your registration fees , why you people never clear /dont clear everything in starting.

    and biggest trouble is you have done my wallet balance Zero .​ then who will refer clients for you now 🙁
    its not good of you.

  182. Himesh says:

    Sir ,I have one doubt . How to move from slab 20 to slab 30 ?

  183. pradeep says:

    how to be sub broker with zerodha in Delhi Region…??

  184. Ram says:

    Please mentioned about the referral and payout program and conditions clearly in Zerodha site, this is causing confusion.

  185. partha sarath biswas says:

    My referral wallet do not update last one month, but my referral friend still trade now.what is the problem pls suggest me.

  186. srikanth says:

    i want take franchise with zerodha.what is the process..give me the link regarding

  187. Huma says:

    Sometime ago I had referred a friend to open account which he did and his status shows in my back office.

    Please note he has opened both equity and commodity accounts and he is trading also. But I do not see any balance on my Wallet page.

    I have sent an email to india@zerodha regarding the same.

    Also I was interested in referral prog seriously, I had a few queries beyond what is provided on referral page.

    Thanks in advane

  188. Rushabh Shah says:

    Hi Nithin,

    I have referred one of my friend and he is trading daily but i can’t see any amount in my wallet.
    Can you please help on this?

  189. sourav says:

    Hi Nitin,

    How are you sharing payout through referral program for Mutual Fund?

  190. Mahesh Patil says:

    Hi Nithin,

    I had raised a query recently, on how to withdraw from wallet as i am crossing 10000 mark, but i got this reply that the commissions via referall earned by me cannot be released because of a notification form regulator.

    My only Question is :

    Team Zerodha should have updated at least via the ZLM Partner channel that such circular has come in where commissions cannot be released.. why wasnt it done?

    Reply from Support.Zerodha
    “Recently we received a notification form regulator that commission can be shared only if a person registered as authorized person in the Exchange. We are discussing with exchange whether individual clients also need to register as authorized person with exchange. We are looking forward for a exchange confirmation. It may take another two weeks since exchange team is describing the set of rules or bylaws. Till that time we request your co-operation and we will revert to you at the earliest.”

  191. pritam says:

    dear sir, i am existing client, i have shop will u provide brochure or banner support for advertise.

  192. kakadiyagautam7 says:

    hello sir,
    i have joint zerodha partner program , i will add lead than ,what will be the % commission will be given to me

  193. arun says:


    normally on which date you all are processing the payout of PAYMENT to marketting partners

  194. Ram says:

    i have been registered under someone as referral, can i remove my referrer?

  195. Srivatsa says:

    I was told that to become a Marketing partner I should have referred atleast 10 clients, is this correct ? Also, is the incentive only on Intra-day and F&O trades and not on delivery based trades for Marketing partners ?

  196. deepak says:

    Dear Mr. Nithin , greetings. I need your support for the below mentioned concerns.

    1- I tried creating my account with zerodha not as a partner but as a trader. I m getting error message, – “Account with this email already exists. Login here.”
    (I used my official email id while registering & not the one which is used here while commenting)

    2- I tried to check by clicking forgot password link also, but it says- “Email no registered. ”

    Please fix this technical issue from your end as fast as possible.

    3- I want to know about instant account opening using Aadhaar card. Is it possible now ?

    4- I can offer to be a part of your company being a part of customer support care for entertaining queries & resolving over the phone issues & concerns of – new as well as existing customers specific to my city. You are not having a business partner in my city so I wish to volunteer. I can offer to make unlimited outgoing telephonic calls assisting customers specific to my region & can attend some of the incoming calls aswell.

    5- Considering the above scenario, can you offer me a free brokerage account with you & I can trade across your platform without having to pay any brokerage ever.

    I started trading around 2008 & have seen bear & bull markets but got discouraged when the SEBI & NSE increased the minimum lot sizes of equity & index for creating uniformity , better liquidity participation & also to keep small retail poor traders like me to stay away from F&O ! I


    • 1/2. Having this checked. Will also get our sales team to email you with their contact details.
      3. Not yet, but in the next couple of days for sure (only for already KYC compliant clients only though).
      4. hmmm.. we can’t get a client answer other client queries. You will have to be employed with us for that. You can send your CV to [email protected]
      5. hmm.. for equity investing we are 0 brokerage.

  197. Abhilash says:

    what is the Sub-brokership account opening charge ?

  198. Tejashri Deshmukh says:

    When one person gets added the what will be referral bonus for one….Reading the comments above stated that we can withdraw amount only when it reaches to 10,000.
    Can you please provide more details about referral program.

  199. sidharth says:

    The partner program is not what is advised. Found out the hard way. What you advertised is only the tip of the ice berg. per flyer, “…no matter however long the chain goes…”. when I discussed with 3 of your employees, only 1 of them clarified that the chain ends at the 2nd level itself! There’s nothing an AP would get if the level would cross A to B to C to D and so on and so forth. Further clarifications revealed that the chain is much more complex to understand let alone implement!

    I have a number of referrals who want to be part of a chain provided “it does not end”!

    Hope I can get some clarity on that from this blog.

  200. Avinash B says:


    Just few days back I signed up for Zerodha partnership program.

    But i found this entire ZMP process very difficult and cumbersome.
    For e.g. I introduced one client (and first one) to Zerodha and entered his details in ZMP portal.

    Unfortunately, when client filled up the form, he filled up the form in his wife’s name, instead of his own name.

    Now, if i tried to enter correct client details at ZMP portal, it doesn’t allow me and shows error message that client record already exist.

    So, even though client lead is generated by me, I have been deprived off ZLP program.
    I think I will stop using it, though will not stop urging traders/investors to shift Zerodha.


  201. R Kumar says:

    Hi, in referal wallet, why current month earning till date is removed from wallet the page?

  202. Gaurav Patil says:

    Hello Nitin,

    I want to join your partner program, is it better than associate program that you are providing to your existing clients? Does it gives more commission?

    I am interested in advertising my existing Zerodha associate with the help of PPC campaign! So, let me know if it will be more beneficial to advertise as a normal associate or as a full-fledged partner? Is there any big different between associate and partner?

    Please let me know!

    Best Regards,
    Gaurav Patil

  203. Bro says:

    Hi Nitin, it is getting confusing for me. Earlier you said it requires Rs.3,000 on each exchange to register AP hence minimum payout is Rs.10,000.

    However in the latest comment (Dated : February 21, 2017 at 11:55 pm) you said the payout is Rs.2020.

    So what is exact figure and who is going to pay exchange registration fees?

  204. Sunmeet says:

    I have referred a client which is also visible in my Q-backoffice and everyday that referred client trade at least 2 F&O trades but my refer wallet amount is constant at Rs. 0.02 .
    Kindly contact me and get this thing rectified.

  205. PA3283 says:


    My username is PA3283 (Avinash Agarwal) and I had opened the account for Priyanka Jhunjhunwala(RP7138) last year.The RM dealing with me was Priyanka(09538952020).I was supposed to get the referral amount of Rs.10,000 in my wallet however till this date my wallet is showing a balance of zero.I have referred four more clients yesterday and enquired from the RM as to why the referral wallet was not credited with Rs.10,000.I am yet to get a response on the same.

  206. Ninad says:


    Since all trades have brokerage of 0.01% or Rs.20/- whichever is lower then is it really profitable to refer clients?

    Even if I am referring 100 clients then all of them have to trade worth more than Rs.2,00,000/- in every trade to generate a brokerage of Rs.20 and then we will get Rs.2 commission per trade. Right?

    So after referring 100 clients, if all of them are trading worth Rs.2,00,000/- in every trade then I will get Rs.2,000/- commission per trade.

    Correct me if I am wrong.

    • Yes Ninad. If you are looking at doing this seriously, you should speak to our sales manager and get enrolled on our partner program. If the number of clients you have referred is more, the sharing can go upto 50%.

      • Ninad says:

        Interesting, and can you please explain what is the minimum amount of trade as per potential earnings calculator?

        The minimum amount of trade to be eligible for ‘Trades/user’ in the potential earnings calculator?

  207. Ranjith says:

    Hi Nithin,
    I am in the process of opening an account with Zerodha. During this I came across your referral program. I really appreciate your vision of helping people grow rich along with you.

    1) Is there any benefits for the referrers if their referees deal with mutual funds, and delivery based customers (not day traders). if no any reason?

    2) I didnt get to see anywhere about the stock recommendations by Zerodha as other brokerages do. Does Zerodha have such recomending facility ?

    Thanks & Regards,

  208. Rahul says:

    What is the a/c opening charges and is it refundable when closing the a/c.

  209. Pratik says:

    How can I transfer my funds from bank ACCOUNT to trading account?
    I have an account in Syndicate bank at present. Can I use it to transfer money to my trading account to buy and sell shares?

  210. Nikhil says:

    Hi Nithin,

    If I join the partner program will I become an employee of Zerodha? I heard that after joining partner program the partner becomes employee, and there are also deductions of employee fees and PF! Is that correct? And will the leads entered by me will remain part of my partner ID forever? Can anyone delete or take my leads from my partner account?

    Please let me know!


  211. Rakesh says:

    Hello Nithin,

    Few hours ago I received an email from your employee “Muhammed Ashraf.P”, he wrote that “Posting advertisement online is restricted”, is that true? Are we not allowed to do CPC campaigns to collect the leads? I use CPC campaigns to collect my leads, if I stop using that I will not get even a single lead! He also wrote that if we use online advertising “it will lead to a termination of your partner account with Zerodha”!! Few months ago I asked whether it is allowed to do CPC advertising to collect the leads, and I got the answer as ‘YES’ it is allowed, but now this person named “Muhammed Ashraf.P” sent an email about “Posting advertisement online is restricted”!

    Please give me some information about this situation, are we allowed to do online advertising to collect leads or are we not allowed?

    Thank You,

    • Venu says:

      Rakesh, In the past, we’ve seen partners using unfair means to generate leads. You can’t be using the word ‘Zerodha’ to advertise and claim them to be your leads. Creating ads using products built by Zerodha isn’t allowed, that’s what the email says. A partner/any person willing to pay for such ads can’t be taking credit of products built by Zerodha. You’re free to advertise using generic stock market related keywords.

    • Rakesh, you can advertise of course. What I guess the person would have referred to is against advertising as Zerodha for Zerodha keywords. For example, if for Zerodha search on google, your affiliate link shows up, all the partners will try doing the same. If partners start doing this, we will be forced to do it as well. Unnecessary driving the price for the keywords. You are free to do this for non-Zerodha keywords.

      • Rakesh says:

        Thank you Venu and Nithin for the details information, I understand what you are saying and I personally don’t use ‘Zerodha’ in my ads. My ads are mostly focused on “Free Equity Investments”, and that’s what generating me several leads!

        Just a friendly advice that I hope you don’t terminate partners without giving them atleast 2 strikes! Getting leads takes lots of time, efforts and money with PPC ads, so if a partner made any innocent mistake give him strikes instead of terminating them completely!

        Thank You,

  212. KESHAB SAIKIA says:

    me keshab saikia from assam . i want to know how to refer a friend .

  213. Sharad says:

    Hi Nithin

    We are working to create a seamless personal finance application.
    We can bond and provide better investing experience to users.

  214. nilesh sarode says:

    Hi i have referred two of my friends but in my wallet, i am not getting the part of their brokerage!!

  215. Chandrashekhar says:

    Hi sir,

    I just want to open an account with zerodha I called so many times to 080 4913 2020(account opening no) no one picking the calls(monday 4th march 10 AM to 10.30 AM) simply i lost my call charges and disappointed with your

  216. Irfan says:

    Hi….I want to refer my freinds through q .wat is the benefits for referring 1 friend… Wat amount I can get… By referring 1 friend

  217. RAJUL GUPTA says:

    how can i earn 20 percent on referrals.

  218. Irfan says:

    Hi…If I reffer for mutual fund… So wat will b the benefits to me…????

  219. Ajay Gh says:

    hi sir..
    i want to join with you as sub broker or Authorized Person or Referrer Program … plz guide me about your procedure ( My mob no 9870639937

  220. anony says:


    i’m a marketing partner of zerodha

    1.i would like to know about zerodha marketing partner’s brokerage sharing validity means how many years
    zerodha will share their brokerage revenue to partners ?
    2. why zerodha partners are employee ?
    3. can i become zerodha remiser or sub broker ?
    4. can zerodha have the right to terminate their partners (external employee) and what about
    sub broker’s case ?
    5. at a time can i become 2 brokers partner
    in the initial time they told me , i will get 20% brokerage sharing . now they are saying you will get as salary
    in the case of salary ,deducting around 10% PF from brokerage revenue
    but some old partners doesn’t have this deductions ..

    Looks Phishy and Scam

    i’m working hard for making clients but i’m enjoying that , now i’m scared about you guys .. please clarify

  221. NITIN says:

    Please Send me my Login Id of ZLM I forgeted and commission of partner chart
    Now I am teaching to peoples about stock market in my city area for joining Zerodha

  222. Mit patel says:

    I had referred my brother.but he already gave his email id for account opening form before i referred at time of refer it show that email id already can i able to get referral advantage if my brother open account now after reference by me.?

    • He can fill your name/client ID in the account opening form (there is a referral section).

      • Chayan bansal says:

        Sir I am approaching to your employee but he is not responding. Bad experience of service even before a/c opening. Apart from this I am more interested to attach with you only n only for partner program. I am from punjab. Here very good potential of business.

  223. piyush ashtikar says:

    Disappointed!!! You do not have office in Nagpur.
    You should definitely consider opening one.
    Cannot open an account just based on courier service and customer care.

  224. Abhijit Bhusare says:

    Hi, I (PA3916) told my friend Neeru Chaudhary about zerodha. She opened an a/c (ZR6363) with Zerodha. I came to know about the associate programme after that. Now, how should I get her mapped to my a/c?

  225. Mangesh Kadam says:

    my referral is frequently trading. Its been 6 months since his account is opened. I can see my wallet balance only 0.01. I would like to know how this commission of 10% is calculated? It is applicable for delivery/intraday trading?


    Hello Sir,
    I was referred by Mr Abhishek -ZMPABH. I had mentioned it in my form as well. But my account is not mapped to any referrer. Kindly see through the matter and convey if same can be done.
    My CLIENT ID- ZR1186

  227. Annapurna H R says:

    I have referred fallowing clients:

    Ramprakash Sharma
    Account Opened on 12-01-2017

    He has already trading too.

    I have not credited referral payout ? Would you please look into it ?
    What is the referral policy ?

  228. sudhanva bhat says:

    Hi Nithin,
    I had installed the kite app on my parents’ phone,to give a demo(by my account) and recommend zerodha to them.
    Later when they agreed to open an account,I tried referring them,but the portal says that the number or email is already registered.Moreover they are getting call from zerodha to open an account,what should I do now?How do I refer them now?

  229. Tejas Shah says:

    hi sir..
    i want to join with you as sub broker… plz guide me about your procedure….
    u can contact me on 9892200877

  230. RAJAN KOLI says:




  232. Prajwal Adhikari says:

    Sir, I have referred my friend and I could not complete the digio undertaking signing process as I don’t have an aadhar card as I am from Nepal and am studying here in India. But I do have a trading account with zerodha and am trading actively which I opened using other documents like passports, police verifications and bank details. So would you suggest me how could I go through with the referral process ? … Still got a lot of friends wanting to trade 😀

  233. Ravi says:

    Hi Nithin,

    If I refer to my family & friends then what will be their brokerage structure??

    Is it Rs20 per order(FLAT) or Rs20 or 0.01% (whichever is lower) per executed order on intraday trades across equity, currency, and commodity trades across NSE, BSE, and MCX.

    And how much I will get?? Is it Rs2 per order or 10% of brokerage generated on each order executed by referred person?

    As it is mentioned on website that potential earning is calculated on considering earnings as Rs2/trade.

    Say If each order by referred person on execution leads to a brokerage of Rs 6 then I will get Rs 2 or Rs0.6??

  234. raja sekhar says:

    ZERODHA is the best broker .Thank u for providing so many applications and fast platforms. Now i have honor to request that you people should provide referred clients Phone number and Email ID’S in referral page for the below reasons

    1. If they are facing any problem in opening an account in zerodha we can help them out. as they are not aware of any info about opening of account and trading.
    2. I am the admin of Face Book pages and a groups which contain 12000 members. I referred them to join in zerodha .And some may join .In that condition i need to contact them to give a mouth to mouth publicity And that is the best in this market as u know.
    3. if they need any assistance they can directly get touch with us (as we act as costumer care executive in this case because we are taking 10% of your income ) and they can get the fast info about webinars and programs that you conducted.
    4. i personally observed that some clients are not opening the trading accounts they just submit there details and because of delay in response .it may be decreased by personal assistance by who is referring the Clients. we can assist them because we are familiar with this process .

    for the above said reasons this may be consider for necessary action .Thank u and yes we are growing together with zerodha

  235. Hardik Senjaliya says:

    Sir, I have referred my friend. However, due to some reasons he could not register himself with Zerodha within the stipulated time period of 60 days. Even now he wants to join Zerodha but because referral time period over and I have already referred him, now Q is not allowing me to refer him again. What should I do for successful referral?

  236. Tejas Shah says:

    Hi Team,
    I wish to open demat account of my wife however while referring through Q, it says email id already registered, I have only try processing account through main page considering the referral code will be asked however the same was not available pls guide me how can I link her ac under my referral

  237. GAURAV SHARMA says:

    Hi nithin ,
    I’ve mentioned my client id in introducer details in account opening form but have not invited him through zerodha q. Am i be entitled to get referral benefit?

  238. sandeep kumar says:

    i want to join with you as sub broker… please guide me about your procedure….

  239. SAMBHU PRADHAN says:

    Why not replying my question?

  240. Gaurav Patil says:

    Hello Nithin,

    Can you tell me what happens to the PF deductions made on partners account? Do we get that amount after certain period of time?

    Let me know!

    Best Regards,
    Gaurav Patil

  241. Rohit says:

    How much commission/referral bonus will I earn if I refer 6 clients with total 14 SIPs of value 5000 each (monthly referred SIP amount Rs.70000), for a period of 20 years?

  242. Naman says:

    I want to refer to my friends but I don’t want them to know my identity.
    Is there any provision so that my friends don’t come to know about the person who revealed their personal information to a brokerage firm?

  243. Karishma patel says:

    Hello sir, This karishma and I want to be sub broker in zerodha and I already have trading accounts in zerodha and I am interested to open zerodha office in Rourkela, Odisha . Please tell me the procedures.

  244. sharath says:

    i withdraw referral amount 2364 how many days it vl take to transfer to my bank

  245. Rina says:

    Dear Madam/Sir,
    I have referred to a friend from Zerodha. However, he has not received any mail regarding reference. Please let me know how the mapping is done..

  246. N GHOSH says:

    Dear madam/sir,

    I want to open trading+demat a/c in zerodha. But I want the marketing person or relationship manager should visit the client site which is Barrackpore(Kolkata). I am new in this field.

  247. Manohar says:

    Hi Dear Mr.Nithin Kamath,

    We are happy to be a part of Zerodha trading platform..If you can provide us the extended carry forwarding option instead of intraday square off at least about a week that will be great feature to look for ..

    • Venu says:

      Not sure what you’re referring to, there are certain product types (CNC for equity, NRML for F&O) under which if you buy stocks/contracts, you can hold/carry forward positions.

  248. MIMSHAD ASIF RAZA says:

    I have referred three of my colleague to open the demat account in ZERODHA. I am already the member of ZERODHA and my client id is ZG8138. I can see the referral history of my colleague in Q – Backoffice which has status as unpicked and call Back but two of my colleague already open the demat account under the guidance of me yesterday 01st Aug’17 and made the payment also for equity. My concern is where and when I can see the successful referral status.

  249. Laishram Chandramani Khumancha says:

    Sir, I have joined ZLM partnership program and referred more than 7 clients since may 2017. Now, is it compulsory to register myself at Exchange for drawing my commission ?

  250. Gaurav Patil says:

    Hello Nithin,

    I am a Zerodha Marketing Partner and have a ZLM partnership account, I want to know if there’s a limit to the number of clients we can open, or is there a monthly commission limit, or do we get whatever commission we have earned on the prior month whether it is Rs.10,000 or Rs. 10,00,000!

    I also want to know if I can open an official Zerodha Marketing office in my area as a marketing partner! I have submitted all the necessary documents to the ZLM sales manager!

    Please let me know!

    Best Regards,

  251. Akash says:


    I have two questions about the partner program:

    1) Are my leads safe and secure? Can anyone from Zerodha delete or manipulate my qualified leads from my partner account?

    2) Is the commissions tracked precisely and honestly?

  252. Rakesh says:


    I am a Zerodha Partner, and my sales manager is not cooperative and active, so how can I change my sales manager?

    • Venu says:

      Sorry for the trouble Rakesh, we’d like to know more, can you write to [email protected]

      • Yadav says:

        Facing similar problem…. My previous two referals were handled by Shruti TN very nicely and good follow ups with my wife which were entered using Q. I would like to be in her team. I forgot her name while joining partner program. Later when i started facing problem as above. I searched for the mail and found her name. Pls advise i dont want to disclose name until my partner id can be transferred

  253. Sanjiv vashisht says:

    Sir my zerodha id is ZR 1666.MY PHONE NUMBER IS 8168353343,I WANT ZERODHA SUB BROKER ,SIR WHAT TO DO?

  254. Abhinav Arora says:

    I referred a client (my wife) on Q. But, after 15-20 days the status is “unpicked”. Let me know if you are really interested to open my referral account in 2 working days else i will shift to upstoxx referral.

    Abhinav Arora

  255. Amit Gupta says:

    Hello Zerodha Team !!!

    Last night I have opened a Zerodha A/c (online Aadhar) for one of my relatives, but came to know about this refeal program today only, pls can you map myself as a referer to the said a/c.

    Earlier also (say about 1 month back), I helped someone to open a zerodha a/c (online aadhar).

    Pls help.


  256. Tejal bhaskar says:

    hi sir..
    i want to join with you as sub broker… plz guide me about your procedure….

  257. Subhash bhurat says:

    Dear Zerodha,

    I want to open account in zerodha. i did my kyc verification as well as paid account opening fees to. one of your employee Mr. Neelavathi D V. told me i will send you zerodha person to collect your forms. i did email communication with your person. after two days later he told me i am unable to send you person. Do ou think is it good ?? you have my all documents, address etc. before commit to anyone u have responsibility to go through all details and then commit.

    Kindly help me with this else i can stop my process. I will not move forward. if you want i can share you my mail trail also.


  258. srinivas prabhu k says:

    Dear Nithin,
    I have been referring customers since last 2 years and recently referred 2-3 clients, based on my experience it is noticed that now, off late you are taking more than 2-3 days to call the referees and some cases they are not getting calls also, as a result of which they lose their interest in opening the a/c as such we are compelled to help them in opening the a/c online ourselves. However it is noticed that if we open the a/c online before the call is picked [post referring in Zerodha Q] the same is not being mapped in our name. Request you to bridge this gap. Also request you to map the client to my referee list to whom I have helped in opening a/c online post registering in the zerodha Q-the details would be provided on request.

  259. Brahmareddy says:


    In your affiliate program there is a partiality in giving commission.

    Suppose if I refer a friend who is not living in my surroundings, I get only maximum Rs 2 commission per trade. In 2 rupees you are deduction taxes. Suppose if the person I refereed open his account by giving his application in his nearest zerodha office, then that person who pickup the application got Rs 100 as commission.

    Where is the benefit to the person who referrer who motivated the client towards opening account?

  260. Nupur says:

    I have referred a friend yesterday and the person has neither received any mail nor any call yet. What is the problem?

  261. KAIZER MD AMIN says:

    Hi Nithin,

    I am interested to know about Zerodha’s partner program. I am a client of Zerodha already. What should I do to know more about the partner program? I wanted to know about the benefits and restrictions of being a partner.

    Thanks & Regards,
    Kaizer Md Amin