Referrals just got more rewarding!

When you refer a client to Zerodha, we credit you with 300 reward points for each referral. These reward points can be used to subscribe to our premium products and partner services (more here). We’ve also been following up with the exchanges to allow a percentage sharing of brokerage like we offered for referring until April 2018, which we had to stop since there was no regulation that explicitly allowed sharing of brokerage revenue with clients. The exchange recently published this circular that allows brokers to now offer such incentives. So, along with the current rewards programme, you will now earn 10% of the brokerage paid by anyone you referred from Jan 1st, 2020.

How does it work?

Refer your friends on Console, or share a referral link from our website, and earn 10% of the brokerage they pay if they open an account using your referral link. That’s it! It’s that simple!

Note: The minimum payout under this programme has to be Rs.1000, and you should have at least 5 referrals, for you to be able to withdraw your referral earnings. We will start processing withdrawal requests for this referral bonus from April 1, 2020. Here are the terms & conditions to participate in the referral programme.

Donate to a cause you believe in

We at Zerodha have always believed in doing our bit to help the less fortunate sections of society. With this same aim, we have partnered with HelpYourNGO to allow you to redeem your referral reward points to donate to a cause. HelpYourNGO helps you pick NGOs that are making a real difference in people’s lives. Just select HelpYourNGO in the options available to redeem reward points on Console and donate to a cause in a couple of clicks.

We have always taken the approach of building the best products for you and let word-of-mouth marketing work for us. 🙂 Do spread the word!

 

 

Best,

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. @Nithin0dha on Twitter.

74 comments

  1. P salamath says:

    My user I’d & how to activate

  2. latesh says:

    what about my old referals which i suggested but never got any advantages

    • Matti says:

      Hey Latesh, we were asked to stop the referral benefit we offered earlier in an exchange inspection because there was no clarity on whether or not it is allowed. We have been following up with the exchanges ever since to get clarity on this. Since NSE published the circular on December 26th allowing this, we are starting the referral programme anew.

  3. ABDUL RAFEEQUE says:

    I’m already a Partner.

    What about my existing earnings from the members I already referred ? will it be transferred to new system ?

  4. Suraj nagise says:

    Nice

  5. D says:

    No… You guys just change the rules when you feel like it… Initially used to have the same… After getting a few people on-board… you suddenly decided to scrap the referral program and give 1 month of your other products for free…

    What happened to the people I referred to you and used to get commission on the same?

    • Matti says:

      We were asked to stop the referral benefit we offered earlier in an exchange inspection because there was no clarity on whether or not it is allowed. We have been following up with the exchanges ever since to get clarity on this. Since NSE published the circular on December 26th allowing this, we are starting the referral programme anew.

  6. Ganapati Bhat says:

    Where is the Referrals section in Console.
    In old version it was there and now in new version of kit, i don’t see it.

  7. ROHIT says:

    DR2392 MY ID. CAN GIVE YOU LOTS OF CLIENTS BUT THINK IS THAT YOU CAN STOP YOUR REFERRAL PROGRAM ANYTIME. SO WHAT IS BENEFIT TO US TO GIVE YOU CLIENTS. LAST TIME LOTS OF CLIENTS I START TO REFER AND AFTER THAT YOU STOP THIS PROGRAM..HOW CAN I BELEIVE YOU

    • Matti says:

      Hey Rohit, we were asked to stop the referral benefit we offered earlier in an exchange inspection because there was no clarity on whether or not it is allowed. We have been following up with the exchanges ever since to get clarity on this. Since NSE published the circular on December 26th allowing this (link in the post above), we are starting the referral programme anew.

  8. Sanjay says:

    If not already considered; it should be applicable to referrals during April 2018 and December 2019. This will avoid requesting our friends to close existing account and then open new account with fresh referral.

    • Matti says:

      Hey Sanjay, if someone whose PAN is already in our system, closing that account and re-opening with the same PAN will not entitle you to referral benefits. We were asked to stop the referral benefit we offered earlier in an exchange inspection because there was no clarity on whether or not it is allowed. We have been following up with the exchanges ever since to get clarity on this. Since NSE published the circular on December 26th (link in post above) allowing this, we are starting the referral programme anew. Since the referrals before now and after April 2018 were made when this programme wasn’t in place, sharing brokerage for all those accounts isn’t something we’d consider.

      • Karan says:

        Why old referral are not benefited, when new account can benefit you can update your system to allow all the referral which were done previously. Are making this scheme just to enroll new customers and stop it.

  9. Balachandar says:

    This is not fair before 2 years i referred few people then you said there is no referal as per sebi norms now you are doing the same

    • Matti says:

      We were asked to stop the referral benefit we offered earlier in an exchange inspection because there was no clarity on whether or not it is allowed. We have been following up with the exchanges ever since to get clarity on this. Since NSE published the circular on December 26th (link in post above) allowing this, we are starting the referral programme anew. Since this is a fresh start to the referral programme, the older referrals will not be considered as part of this programme.

  10. Prasanth Panicker says:

    What about old referrals?? was there some money untill u guys stopped it. will we be able to get from those referrals too

  11. Ravi kumar says:

    sir
    please let me know how I generate brokerage by reffering , and now I am a client .and in contact with some people to make them as account holder in zerodha,so please contact me.

  12. Darpan Agrawal says:

    I generally do options trading usually 20-25 transactions on a day to day basis. Can you please personalize some plan for me so that I can save some of the brokerage.

  13. Sachin says:

    I had made many of my friend to choose Zerodha and also I helped them to get account created. Is there anyway I could tag them under referral (atleast the one who signed up recently within one month)

  14. sidharth deyroy says:

    what about the margins?? is zerodha going to give mis margins on nifty futures for intraday or is it going to change.
    for example we use to pay 35k and trade one lot of nifty futures in MIS intraday. please update as i need to change my strategy if i have to pay 1 lakh or more for one lot in nifty.

  15. Vishal says:

    Thanks, but you should not have stopped it…

  16. Chita says:

    My friends want to open account

    • Akshay says:

      Hi,

      login to console.zerodha.com and under Rewards and Referals tab, you can enter your friends Name, number and Email id and it will be mapped under you.

  17. Sudesh says:

    Good news, it will be a motivating factor for us to acquire more clients.

  18. pt says:

    this also eligible with our previous referrals?

    • pt says:

      and also what if we give referral and person pay the opening fee but due to some updating in documents he/she took more than 60 days to complete the process. will that person counts under my referral?

      • Akshay M says:

        Hi Sir, 60 days is the time limit. From the day you add the client via console, if the account is not opened within 60 days, it would not be counted under your referral.

    • Akshay M says:

      No Sir, as said in the post, the client referred by you from 1st January 2020 will only be counted.

  19. Chitra Wankhede says:

    Join zerodha

  20. Praveenkumar says:

    Now a days zerodha is becoming redundant broker in terms of phone lines connectivity ..I am not able to connect to you people over the phone If I call from any number other than the registered number ..Not able to connect to the Customer care executives for any support queries ..grow up

  21. Netra Patki says:

    How can referr to my daughter

  22. Ganesh says:

    You have changed the rules of referral. Now people which I have referred are generating a lot of income for you.

    Where does this benefit me ?

    A platform like Zerodha has to consider people who were with you when you were not the largest platform.

    You want to have new customers but what about people who brought more customers on your platform before this referral program.

  23. Kanishk gupta says:

    Please reflect back the credit amount in console that was credited before April 2018.

  24. Bhaskar Nair says:

    I have refered a lot of people from my family to open an account, but there was no referal option there then. Can they do it now?

  25. Oliver Pereira says:

    Last time I referred a couple of friends.. then there was comission accumulated.. but i never got it paid.. now why should we refer more friends. If your company does not honor their commitments.

    Regards

    • Akshay M says:

      Hey Oliver, we had this referral program running for almost 6 years before we were asked to stop the referral benefit we offered earlier in an exchange inspection because there was no clarity on whether or not it is allowed. We have been following up with the exchanges ever since to get clarity on this. Since NSE published the circular on December 26th allowing this, we are starting the referral programme anew.

  26. Pawan Arora says:

    What about my old Bonus amount approx 20k, which I was not able to withdraw just because this scheme was stopped.

  27. Pintu says:

    Hi, i just refer one of my frnd, he is opening his account but is not completed,now in the middle of account opening process, how can I use my referral ID now? Is it even possible now…

  28. Yash Pethe says:

    I admire you Mr. Nitin Kamath. Appreciate your efforts delivering quality products. Some people will hate you for discontinuation of referal earning program earlier but i still value quality yiu guys deliver over money. There are very less company’s which are producing something valuable to its clients. I am also an professional and know it very well. Most of the startup are running after clients and revenue generation and not focusing on products. I really love zerodha don’t belong to this shitty race. Thanks!

  29. vinay says:

    I earned rs. 800 in privies referral program , and suddenaly they remove it so I cant trust them .
    Trading is very good with you zerodha .

    • Akshay M says:

      Hey Vinay, we had this referral program running for almost 6 years before we were asked to stop the referral benefit we offered earlier in an exchange inspection because there was no clarity on whether or not it is allowed. We have been following up with the exchanges ever since to get clarity on this. Since NSE published the circular on December 26th allowing this, we are starting the referral program anew.
      And moreover, the minimum withdrawal limit has been brought down from Rs.2020 in the previous program to Rs.1000 in this new program, so that withdrawal can be easier than before

  30. PS says:

    Zerodha’s sales executive defraud you by saying they’ll add the referral but it never happens..

  31. Shubham vaishnav says:

    One could have gone to consumer court. Are you testing our patience?

  32. G S Rao says:

    Hi,
    What happened to the balance of old referrals? Nothing but stealing all the effort.. If you are genuine, please credit the previous bonus which is due or give brokerage credit to that extent.
    Trust lost once can not be rebuilt..

    • Akshay M says:

      Hi Sir, we had this referral program running for almost 6 years before we were asked to stop the referral benefit we offered earlier in an exchange inspection because there was no clarity on whether or not it is allowed. We have been following up with the exchanges ever since to get clarity on this. Since NSE published the circular on December 26th allowing this, we are starting the referral programme anew.

  33. niraj says:

    can you please elaborate “you should have at least 5 referrals”
    what if i refer 2 and both get account open, am i eligible for any commision on trades they execute

    thank your for your time and efforts

  34. Santu Karmakar says:

    I get brokerage from my friends. My friends get brokerage from their friends. Although the brokerage they are earning will not be passed on to me and only charges for brokerage from them will be coming to me. But it still looks like a pyramid scheme.
    Please explain, how is this different from a pyramid scheme?

  35. Mahesh says:

    Please send me link for PI installation setup

  36. sagar says:

    Hi I have Demat account with Zerdha

    I reffrend my one of friend through reffred link but my referral details are still not showing

    My CC is RA7603

  37. rajkumar says:

    sir

    i opened my zerodha account by the link of sunil minglani last year that time it was promise to call a call if anyone open account by my link…said sunil minglani bt till date 23.01.2020 i have not received any call….???? was it fake promise???

  38. Prady says:

    Where can I see my new referral earnings (after 1st Jan 2020)? All I see are points accumulated.

  39. shankar says:

    hI

    i WANT TO REFER MY FRIEDS TO OPEN ACCOUNT WITH YOU. PL EXPLAIN THE BROKERAGE 10% COMMISION WILL BE FOR THE ALL THE TRADES THEY DO AND IS THERE ANY TIME PERIOD

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