5paisa Referral program - Refer a Friend Program | 5paisa

Refer and Earn

“May Mega Offer” - Get a Apple MacBook Pro

 Offer valid from 1st May, 2021 to 31st May, 2021.
“May Mega Offer” for Top Referrers of the month 

Existing Offer - Refer your friends and grab these exciting awards:
  1. Rs.500 for your first ever referral
  2. Rs.250 and lifetime brokerage sharing of 12.5% for subsequent referrals
That’s not it! Your referral code gets your friend 3 exciting benefits to make investing easy and rewarding for him/her: 
  1. Zero account opening fee 
  2. Credit worth Rs. 250  
  3. Zero brokerage for the first 30 days
No upper limit to the number of referrals you can make and no conditions to get the referral reward. All you friend needs to do is open a demat account with 5paisa using your referral code. 

Here is how you can earn with each referral:

Here is a sample to show how brokerage sharing works:

1. Referrer: All clients of 5paisa who refer prospective customers to open demat account by using their unique referral link
2. Referee: All customers who open their demat account with 5paisa using the referral code or link of an existing 5paisa Customer
3. Referral Date: The date when a referee begins his account opening for the first time 
4. Referral Reward: The benefit that the Referrer will get once his referred friend successfully activates his/her demat account with 5paisa.
5. Trading Account: A referred account will be considered Trading Account only if account opening process completed within 15 days of registering at 5paisa. And minimum of ₹1000 trade/investment made within 15 days from the date of account activation.

Terms & Conditions:
  1. There is NO upper limit to the number of referral or referral reward
  2. By sharing referral code, referrer consents to receive ₹250 credit in his ledger
  3. Referrer is eligible for ₹500 for first referral only if it is the first ever referral since the referrer opening account with 5paisa
  4. Referrer will receive the referral reward of ₹250 for each referral once the referee account is activated (within 15 days of the referral date) i.e. demat and trading account is opened after complete document & application verification in lines with the SEBI / Exchange regulations and internal policies and procedures of the company
  5. The ledger credit will happen within 7 working days of next calendar month of the referred account being activated as per the mentioned terms and conditions
  6. Referee will be eligible for points worth ₹250 which will expire if not utilized within 30 days of its credit in ledger. The credit can be utilized to trade or can be invested in Mutual Funds but cannot be withdrawn
  7. Referee will be eligible for 100% brokerage cashback in the first 30 days. For example, if the referee pays brokerage of ₹1000 is the first month; he will receive ₹1000 as brokerage cashback
  8. The brokerage cashback will be processed to the Referee’s ledger within 5 days of completion of the first 30 days, post the date of account activation
  9. From the second month, the referrer will be eligible for 12.5% of the brokerage generated by his referees.  For example, if the referee pays brokerage of 1000 in the second and subsequent months; referrer will receive ₹125 per month
  10. TDS at applicable rates shall be deducted from the fees so paid
  11. This offer cannot be combined with any other offers. May Mega Offer is a part of referral offer only which is in addition to Existing Offer
  12. If details of the referred client already exists in 5paisa database as an existing client or as a lead client, then it will not be considered under this scheme for both, referral or special reward benefits, or May Mega Offer, and 5paisa reserves the right to exclude the said accounts for calculation of referral rewards
  13. All the verification and account opening process will be carried out by 5paisa team and team reserves the right to reject the case depending on compliance requirements and the company’s existing policies and procedures
  14. Management reserves all the rights to modify or terminate the arrangement of scheme at any time without prior notice. The decision of 5paisa on all matters relating to, or in connection with the use of this offer shall be final and binding on all parties concerned
  15. 5paisa reserves the right to carry out checks and controls as it deems fit and proper, before the credit of referral reward to the referrer.
  16. Summer holiday package will be for 3 days 2 nights and will come with a validity period. 5paisa will only issue a paid voucher with the holiday partner. 5paisa will not be responsible for quality of services, and experience provided at the time of customer’s stay. This is a non-transferable, non-refundable offer
  17. Referrer agrees that the following activities are expressly prohibited and engaging in any of these will lead to initiation of legal and criminal action against you and also result in immediate termination and disqualification from the Referral Program, forfeiture of existing referral invitations and accrued, but not yet received, referral rewards:
a) Spam, bulk distribution of invitations, distribution to strangers or any other promotion of 5paisa Referral offer through invitations that would constitute or appear to constitute unsolicited commercial e-mail, SMS, publishing any article or content about 5paisa products, services etc.
b) Fraud, attempted fraud or abuse of the 5paisa Referral offer or these Terms & Conditions.
c) Selling, trading, bartering or providing anything of value to your Invitee beyond the referral invitation or otherwise using Your Program invitations or Rewards for promotional purposes.
d) Organizing competition, contests online, posting content about 5paisa etc.
e) Any act or omission resulting in damage to 5paisa in any form whatsoever in nature.

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