Referrals and rewards

May 29, 2019
Console, Featured, Sticky

Hope you are enjoying the new products and features we are constantly pushing at Zerodha.  Better yet, we have several big announcements scheduled over the next few weeks. We have always taken the approach of building the best products for you and let word of mouth marketing spread the goodness. We have refused to raise external VC and PE funding even at irresistible valuations as we firmly believe that external investors can potentially change the focus from products to inorganic client acquisition sprees with big marketing budgets. This is something that is just not in our DNA.

Thanks to you, even with zero advertising spends, we are the largest retail stock broker in India today. But, with zero brokerage for equity investing and no-fee direct mutual funds, we work with razor-thin margins. All of what we do makes business sense only at a large scale, and we look forward to your continued support to help spread the word. We have just launched a brand new referral program to make this rewarding for you as well.

 

Refer your friends on Console and earn reward points

Refer your friends on Console and earn reward points

You can enter a friend’s contact details or copy the affiliate link and share it on social media, WhatsApp, email, etc. If any of your friends click on the affiliate link and open an account with us, you and your friend will receive 300 points. Points can be used to gain access to our growing ecosystem of trading and investing apps such as smallcase, Sensibull, Streak etc. You will see how many points are required to subscribe to a service on the rewards page on Console.

As a token of gratitude, we have credited your account with 100 points to get you started. Check out the referral dashboard on Console https://console.zerodha.com/refer.

We look forward to your continued support to enable us to innovate and build new products for you.

Happy Trading,

Nithin Kamath

CEO @ Zerodha and partnering startups through Rainmatter to help grow and improve the capital market ecosystem in India. Love playing poker, basketball, and guitar. “You don't have to be a hero to accomplish great things---to compete. You can just be an ordinary chap, sufficiently motivated to reach challenging goals.” - Edmund Hillary

111 comments

  1. Rajesh L says:

    Thats delightful… .will certainly spread the word..

    • Sachin Sontakke says:

      I have referred 1 candidate but have not got any, he had opened the account last month.

      • Matti says:

        Hey Sachin, the referral programme was launched only today. Referrals from now will receive reward points. No way for us to track your old referrals to give points.

  2. Varun says:

    If you’re doing so well; maybe you should consider introducing path breaking brokerage cuts @ INR 5/ transaction!

  3. giridharan says:

    I have referred nearly 10 of my friends and relatives to open zerodha account in last 30 days. would i get any rewards now 😉

    • We will not have any track on who was referred by you. 🙂 But do refer through Console going forward.

      • Jay P says:

        Better to given 300 Rs. credit in ledger balance. It is more beneficial.

        What if i don’t use any other products like Sensibull, streak, and etc… then all points are worthless.

      • Gaurav singh says:

        I have referred one of my friend but not get any reward then I called customer care they told me this offer is closed

        • Matti says:

          Hey Gaurav, this referral programme was only started yesterday. We’ll soon be adding credits for your older referrals as well.

  4. sekhar vpc says:

    i have reffered so many member’s details through entering , till now i did not get any thing form you,
    my client id ZL6602

    • For all those of you who had referred earlier and for which no credit was given, we will be crediting reward points by this weekend. We had to stop the earlier program as exchanges said any continuous brokerage share can be paid only to exchange approved authorized persons. This is because potentially the referral could be induced to trade more by the person referring. There is no issue paying a one-time referral reward for opening an account, hence our new referral program.

      • Krishna says:

        Hi all,
        Greetings..!
        My wish is to see ZERODHA as no.1 at all times. ( because initiation in reducing brokerages)
        It’s our request from all of traders,
        Before referring to your trading platform zerodha, we need the graph area to be enlarged, the trading view styles to be updated, it will not save and update our settings completely, we cannot change and save each time. we need you to be again compete with other emerging trading platforms in the market, but onething +ve abt the platform is, its comparatively bit stable.

        Hope it will be considered, then I’ll start my trade again in ZERODHA. and then AFTER SATISAFACTION – TRADING IN ZERODHA, ill refer without your points or bonus. When the trading is easy at zerodha comparing to others, we will refer like anything. no bonus required, no manipulation about this reference thing. Its with lot of errors.

        Now this referring is suffering.

  5. Rajkamal says:

    Kudos team, seems we are getting things back to form after all recent glitches. Hope together we grow better.

  6. monk says:

    why our previous referrals went missing

  7. Srinivasan says:

    u should have allot these points, who has not received for earlier referral..

    • Matti says:

      Yes, we’ll add points by the weekend for people who weren’t given payouts for the previous referral programme.

  8. varun says:

    Dear Zerodha,

    I have been trading in your platform and I really Appreciate the charts you provide and UI is excellent, in your referral program if you provide us the percentage of gains in each trade like one referral does 5 trades per day the amount of brokerage you get know in that if we get some good percent, we will definitely refer.

    #JUSTATHOUGHT

    • Matti says:

      Hey Varun, this was our earlier model. We had to stop the earlier program as exchanges said any continuous brokerage share can be paid only to exchange approved authorized persons. This is because potentially the referral could be induced to trade more by the person referring. There is no issue paying a one-time referral reward for opening an account, hence our new referral program.

  9. Chenthil says:

    What happened to my wallet money.
    I’ve referred and earned. But it’s not available. I’ve raised a support ticket but no response.
    🙁

    • Matti says:

      We had to stop the earlier program as exchanges said any continuous brokerage share can be paid only to exchange approved authorized persons. This is because potentially the referral could be induced to trade more by the person referring. There is no issue paying a one-time referral reward for opening an account, hence our new referral program. We’ll credit points to you for your older referrals.

  10. Anil Khadilkar says:

    I have always faced issues with the referral programs… It needs multiple follow-up with the backend teams, referrals don’t get contacted for a long time… I have referred 4 of my friends last week, none of them have been contacted yet.. Also raised a support ticket (#20190528620362) and provided the details but no luck as of now !! and this has happened with 90 % of my referrals

  11. hanumant magar says:

    I have referred nearly 10 of my friends and relatives to open zerodha account in last 90 days. would i get any rewards now tc0814

  12. Aldrin says:

    No proper system to keep track of refferals. Refferals goes unrecognized.

  13. Sachin Mundhe says:

    Dear Nithin Kamath,
    Thank you for Zerodha App
    and this referral program was there previously so is it beneficial for the existing user
    Cause I have given referrals of my friends but i have not received any amount of money

    Please explain why the previous referral program closed

    Regards,
    Sachin Mundhe.

    • Matti says:

      We had to stop the earlier program as exchanges said any continuous brokerage share can be paid only to exchange approved authorized persons. This is because potentially the referral could be induced to trade more by the person referring. There is no issue paying a one-time referral reward for opening an account, hence our new referral program.

  14. Amol says:

    Stop making fool to people now…
    What you have given us in your last referral scheme ..nothing

    Pay us for that first then go for this…

    Bcoz promise is a promise as a businessman you know it very well.,.

    • Matti says:

      We will be crediting reward points by this weekend for all your old referrals where you’d accrued some referral bonus. We had to stop the earlier program as exchanges said any continuous brokerage share can be paid only to exchange approved authorized persons. This is because potentially the referral could be induced to trade more by the person referring. There is no issue paying a one-time referral reward for opening an account, hence our new referral program.

  15. Eswararao says:

    I have refered more than 5 friends from past one week and they opened accounts also.. Shall I get any benefit?? Thanks
    Eswara

    • Matti says:

      Hey, we’ve only started this referral programme today, and would be able to track referrals from here on out. The older referrals we’d be unable to track in order to give you points. 🙂

  16. AVINASH LOKHANDE says:

    Great initiative as always!! An unique and timely idea to increase the layman participation to grow slowly ,steady but surely with market momentum time and again….

  17. henty says:

    niceeeeeeee

  18. Debojyoti says:

    Do you have remiser model. Pls. Tell me i m in finance business and take it forward

  19. Anupam says:

    I teffer so many friend and make a zerodha team nearly 15 member. But suddenly zerodha implemens new rule for teferral and so many glitch on trading platform at my self and my team member stop to work on zerodha. If i again referral starts and make a big team. Hope zerodha suddenly implement ahain new rule thats again make a nad impression on my tram. So good by zerodha referral.

  20. Radhey Karmase says:

    Well now that is something I feel good about today..!

  21. Priya says:

    Just saw the referrals option on Console, looks attractive. it means if I refer a 15 friend of mine I get the LearnApp access for a year, wow!

  22. virender says:

    Good idea by team Zerodha, thank you.

  23. Santhosh says:

    I had referred 2 if my friends and it’s still in pendit status and now I am unable refer them again as it throws some error

  24. Sulaiman says:

    Thanks for bringing this back. Have always been promoting Zerodha. Can get some free subscriptions by doing that now.

  25. P K MAHESHWARI & SONS says:

    Stop making fool to people now…
    What you have given us in your last referral scheme ..nothing

    Pay us for that first then go for this…

    • Matti says:

      We had to stop the earlier program as exchanges said any continuous brokerage share can be paid only to exchange approved authorized persons. This is because potentially the referral could be induced to trade more by the person referring. There is no issue paying a one-time referral reward for opening an account, hence our new referral program. We’ll credit points to you for your older referrals.

  26. Arpan says:

    What about balance in partner’s account? Have more than 14K+ balance in my partner account but payout has been stopped due to that exchange related restrictions. Can you suggest anything for it? How can I get that payout?

  27. Sunita says:

    where I can see my previous referred reward amount?

    • Matti says:

      We had to stop the earlier program as exchanges said any continuous brokerage share can be paid only to exchange approved authorized persons. This is because potentially the referral could be induced to trade more by the person referring. There is no issue paying a one-time referral reward for opening an account, hence our new referral program. We’ll credit points to you for your older referrals soon.

  28. Rakesh P says:

    What about Zeordha partner program?

  29. Dr.Kuldeep says:

    Sir , is there any listing or list of referral of account shown in my id.I send almost 5 referral in from my side.

  30. Mohan says:

    Previous reward ke 2500 kidhar gye kuch pata nhi.

    • Matti says:

      We had to stop the earlier program as exchanges said any continuous brokerage share can be paid only to exchange approved authorized persons. This is because potentially the referral could be induced to trade more by the person referring. There is no issue paying a one-time referral reward for opening an account, hence our new referral program. We’ll credit points to you for your older referrals.

  31. Rajamohan says:

    Earlier I had referred few of my friends and they had joined Zerodha and much happy compared to their previous platform.

    We used to trade in index option, now a days we face a RMS limit problem to out of the money option where we miss lot of trades, had referred this problem to support team their only answer is to get option close to the spot price, which is usually higher in price, can understand this limit is by exchange to the Zerodha, but have no idea this will be fixed any time soon, couple of my friends had moved out to other broker mainly due to this issue

    Still referring many of friends and relatives

  32. Prasad says:

    If my referred friends do trades, do i get points for every trade? So that I can use those points for your new products?

    New referral program will be useful when you share your brokerage percentage into some points. If not it’s of no use. If we refer some friends then he will be your client forever. So, we are expecting some benefits whenever he trades

    • Matti says:

      The exchanges say that any continuous brokerage share can be paid only to exchange approved authorized persons. This is because potentially the referral could be induced to trade more by the person referring. There is no issue paying a one-time referral reward for opening an account, hence the one-time credit of points for each new referral.

  33. Axis says:

    When are you releasing coin for nri…the other competitor kuvera..is released long back…what is stopping you do to this…..

  34. Osman says:

    Can I refer and get bonus to relative and in blood relationship

  35. Bijesh says:

    Ticket #20171106790120
    Still your payment pending… 2-3 times made compliant…

  36. PSShrimali says:

    Its an ordinary step… Nothing special…!

    I think all the people I had referred to zerodha was because of the zerodha’s uniqueness of sharing the revenue to its members for referring rather than advertising. But then it changed overnight. The 1st one was the passive income generator idea and this one is not that.

    Actually, after so many years of experience I know one thing, that the business should do cross selling its best business practise but when its done by force then it back fire…! As it was mentioned in the article that the 1 reward point is equal to 1 rupee… then why you simply not crediting 1 rupee…! because by one way or the other this one rupee will come to eco system of zerodha… directly via trading or investment or via buying action of any value added product…!!

    And above all, it will keep the goodness or ever lasting charm of its “Passive Income Generator”.

    • Matti says:

      We had to stop the earlier program as exchanges said any continuous brokerage share can be paid only to exchange approved authorized persons. This is because potentially the referral could be induced to trade more by the person referring. There is no issue paying a one-time referral reward for opening an account, however, since we can’t be sure of revenue from each referral, we offer points that can be used within the ecosystem instead of cash.

  37. Prems says:

    It is better you start shooting people directly instead of indirect shooting

    Your so called universe of fin tech products and you are paying us points to get you client so that you can earn from that client individual for life time and give us some one time points to so we can use points to use your other products of zerodha

    Pls point the gun to my head and shoot instead of stabbing with your points for Zeordha bi-Products..

  38. Ankit says:

    Hi Nitin, This sounds interesting from adding new users and increasing the business portfolio to claim highest clients, but what about giving the new features to the existing clients like T+5 client mode etc which ICICI D and other brokerage houses are already leveraging and users enjoying? I trust I raised this earlier around an year ago as well with Zerodha and the response I got back was the feature will be available with in

  39. Vishwas says:

    What do I need to do if I want to become a A partner in the zerodha
    [email protected]

  40. Mitin Sukhwani says:

    I was thinking of taking the sub broker franchise of zerodha so in the meanwhile if i also take some active part in this rederral programme and afterwards if i take the franchise will theese customers will be mapped under me

  41. Dr. Ramakant H. Bembde says:

    Excellent initiative! Heartiest Congratulations!💐👏👏 will surely spread the word!😊

  42. MANOJ KUMAR TRIPATHI says:

    Thanks good idea in future

  43. Tarun says:

    Referred my friend , but he didn’t received any mail

  44. Rajendra Rahane says:

    I have referred 2 peoples under 10% of brokerage will be received of referred persons.
    But I have not received nor receiving anything. Is it only fake marketing strategy where you gives only fake commitments without delivery.
    Kindly clarify.

    • Matti says:

      If you had referred earlier and for which no credit was given, we will be crediting reward points by this weekend. We had to stop the earlier program as exchanges said any continuous brokerage share can be paid only to exchange approved authorized persons. This is because potentially the referral could be induced to trade more by the person referring. There is no issue paying a one-time referral reward for opening an account, hence our new referral program.

  45. G A says:

    Thank you for resisting external funding. This decision is far-sighted, and will help the company a great deal in the future.

  46. Adarsh says:

    Well Only last week did I enlist my wife… I want this discount and better service :<

  47. Sitaramaraju says:

    WHEN U WILL DECREASE THE MARGIN
    REQUIRED FOR BO/CO

  48. Vishal says:

    I referred my friend he opne an account but i didn’t get any rewards. Is there any option to put my referral code after opening account to get rewards.

  49. mohan says:

    Dear Nitin and Matti,
    Please STOP this referral program. This will DESTROY Zeroda one day. You will fall in your own trap and join club of Kotak ..etc.

    Let me tell you from my experience. I traded 6 Lakhs volume equity in Kotak Securities and sold at 4% spread. Despite that i incurred Loss of 800 rupees. The profit i earned is eaten by my (1)referrer, (2)Trading Software partner pay per trade model,(3) Kotak Securities broker and (4)high taxes (again due to inflated charges of 1 to 3.)

    Also if u increase your customer base by means of freebies, then u end up getting 3rd grade amature traders. These novice traders dont know basics like (T+2) and talk ill about Zeroda and put poor ratings in playstore and other review sites. They could ask you to reduce brokerage to Rs 10/- or so. Does these traders deserve Zeroda Discounting Platform? Focus on getting quality real & experienced customers, rather than hard-sold customers like friends, family members etc..

    Please focus on continous improving quality which you are already doing of course and do nothing else. In India Customer base increases by “word of mouth”. Currently you have better ratings in “chittorgarh.com” and even in “mouthshut.com”.

    I wish Zeroda to grow up silently like some Gmail and Whatsapp.

    Rather with those spare funds, introduce a feature like ” Practise Account” aka “Demo Account” aka “Paper trading with virtual 10 Lakhs rupee Credit”. This feature should be present right in regular Production Zeroda App’s Login Screen. E.g Like FXCM.

    The moment some experienced trader belonging to other broker say “ICICI DIRECT” attemps to downloads Zeroda app from Playstore/ Appstore to give a “TRY” he should see 3 options in regular prod app..

    * Login to Trade
    Username:
    Password:
    * Login to Practice Account ( Try Zeroda)
    * Open An Account

    Even if you still want to go ahead with reward referals subject to exchange approval, this will create insecurity and discouragment to existing Zeroda Traders who do Trades in large Volumes. They would be wondering why referrer would earns “someone else” money for free? And actual trader gets Zero incentive for his Big trades in return. His profit is eaten up by someone else.

    I have been reading and researcing stock brokers. Read 100’s of Zeroda reviews from last 4 days. I was impressed and today a while ago, I was about to “Open an Zeroda Account Online” and was pre-checking if Zeroda by chance has this referral-mania scheme or not. And i was utterly disappointed when i came across with this approach.

    “If i do a trade, i won’t get anything but my referrer gets free credit. Especially when i make a loss, i still pay my referrer from my capital loss”

    Sounding like some fradulant “Chain marketing” , ” Networking Marketing” or “MLM Multi Level Marketing” schemes.

    Problem with indian companies is that they want to simantaniously travel in 2 different paths ( both angel’s and devil’s path) and benefit from both. Benefit from every popular idea. By the time they realise the shortcomings, it gets too late.

    • Matti says:

      When someone refers you, the referral points are just a token of appreciation for introducing a new customer to us. This is a one-time point credit that can be used to subscribe to our products. There is no ongoing share of brokerage happening. Also, we give 300 points to both, the person referring, and the person opening an account. Your later activity on the platform is yours alone, and the referrer would have nothing to do with it.

  50. mohan says:

    I am trying to open account without referral.

    When making a payment , i got error “Your payment could not be captured. Please try later”.

    So, i tried again. I got same error to make payment again. I tried again.

    To my surprise 3*300 = 900/- rupees got debited.

    Reference IDs:
    (1)
    pay_Cd2SqxCbneBrTl
    (2)
    pay_Cd2Q6cyVDe2wdd
    (3)
    pay_Cd2NFOL7oPrh9M

    I got 3 annaxure emails. Did zeroda open 3 accounts or what?

    Agreed , your payment gateway is faulty. Similar issue faced even by others in support forum. We don’t know when your Payment Gateway will fix these kind of issue. But pl. ask your Payment Gateway provider to STOP raising MISLEADING error messages. Atleast i expect your error messages should be correct. It should rather say “Your payment could not be captured. Please try later. PLEASE CHECK YOUR YOUR BANK ACCOUNT IF AMOUNT IS DEBITED OR NOT. If debited, do not try again. If not debited, try again after 1 hour”.

    There should be no hesitation in fixing these kinds of issues before aspiring referral customers.

    Sure, next few days i will be wasting my time to contact zeroda helpline.

    Perhaps Zeroda should have adopted something like ‘Paytm’ as Payment Gateway. Or atleast recity error messages as suggested.

  51. Srinathjayanna says:

    Is there any time limits to use this points which is given as rewards.Like we need to use all the points with in one month time like we get in Paytm and all with certain time frame.

  52. Yogendra says:

    Sip start kese Hoti h

  53. Jayshankar Firtu Yadav says:

    Hello Sir,
    I want zerodha official sub-broker. I am a family member of zerodha and I want help to grow more. my client id VR5257. please reply as soon as possible. Thanking You In advance.

  54. Vimal says:

    I am interested in Sub brokership. Kindly contact me on 8678966736. Any tamil speaking agents?

  55. Prashant puna vaykole says:

    How to contact customer care
    I want to start future & option trading & commodity market

  56. choudhary vinit dharmpal singh says:

    Account to be opened.

  57. Rupesh says:

    why d’t you credit the referral bonus in ledger balance… i d’t see this is fair that you are forcing people to redem the points in your paid services only… Many other are offering Amazon/Bookmyshow vocher….. this way will encourage more people to refer zerodha….

    Rethink for better solution instead of random replies…. 🙂

    • Matti says:

      This isn’t allowed by the exchanges. We used to offer cash incentives for referrals earlier but were asked by the regulators to stop the practice.

  58. vijay says:

    refral status pending. what is this?

  59. Karan Verma says:

    I have referred a friend but status is pending. Can you help here

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