Q.1 What is Refer and Earn at 5Paisa?
5paisa offers an amazing refer and earn program to its users enabling traders & investors to invite their friends and family to experience the amazing platform and earn great benefits.
So what are you waiting for? Open a Demat account with 5paisa today and start referring right away.
Q.2 Who is the referrer?
A referrer is a 5paisa customer who refers his friends/family to open a Demat account by using their unique referral link or code.
Q.3 Who is the referee?
The Referee is a customer who opens the Demat account with 5paisa using the referral code shared by the referrer
Q.4 Why Open a Demat account with 5paisa?
With the 5paisa app, you can now open a free Demat account from the comfort of your home as all transactions are paperless. Besides being the best free Demat account in the market, it has a simple interface that is very easy to use. You also get regular updates on the hottest investment opportunities available in the market.
Q.5 How do I earn by Refer & Earn Scheme?
Start earning in 4 easy steps
- Share your unique referral link with friends.
- Your friend opens an account using your referral link.
- You get an account opening payout in your ledger account
- Additionally, earn an unlimited brokerage sharing income when your friend trades.
Q.6 What is brokerage sharing income?
Brokerage sharing income refers to the amount that you'll receive after your referee executes the trades from their Demat account. At 5paisa, we offer lifetime brokerage sharing income for the brokerage paid by your referee.
Note; Brokerage sharing will be credited to the ledger account within 7 days after month-end.
Q.7 Where will I find my referral link/code?
- Login to your 5paisa mobile application
- Click on the user icon in the bottom right corner of the navigation pane.
- Click on the Refer & Earn section to open your refer and earn page.
- You can see your referral code in the bottom left corner. Click on the Whatsapp icon to share your referral link to WhatsApp contacts. You can also share your link on Telegram, Facebook, and other popular applications right from the referral page.
Q.8 What will I get when I refer my friend to open a Demat account with 5paisa?
You’ll get an Account opening payout & unlimited Brokerage sharing on every referral. Additionally, you will receive Discount Vouchers from Top Brands on your first ever referral.
Q.9 Will my friend earn rewards on a successful account opening?
Yes definitely!! There are some exciting benefits for your friend too. Your friend will also receive free credit in the ledger & Discount Vouchers from top brands.
Q.10 When will I be eligible for referral benefits?
You will be eligible for benefits only if the referee account is opened within 10 days from the referral date.
Q.11 What is the referral date?
The Referral Date is the date when a referee begins the account opening process for the first time.
Q.12 Where will I see my free credits?
Your Free Credit will be deposited in your Ledger (ad-hoc margin) within 72 hours of successful account activation of your referee This amount can be used to buy stocks and it will expire after 25 days, if unused.
Q.13 When and how will I receive my vouchers?
The Vouchers from top brands will be sent to your registered email within 72 hours of successful account activation of your referee.
Q.14 Are there any age criteria for referring someone?
Anybody who has a Demat account with 5paisa is eligible for referral.
Q.15 Is there any number limit for the referral?
You can refer any number of people, there won’t be any upper limit to the number of referrals you can do. However, ‘no rewards will be awarded for pre-existing 5Paisa users if details of the referred client are already existing in the 5paisa database.
Q.16 Where can I reach out if I have doubts about the referral program?
You can reach us at+91 89766 89766 OR write to us at support@5paisa.com for any further assistance required.