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

Refer & Earn

Account Opening Incentive to Referrer - ₹250

Offer applicable only on referral link shared from Refer & Earn Section of Mobile App.
Check the details of your referrals on your 
Smart Dashboard.

Terms & Conditions:
  1. Unique Referral Link & Code: It's crucial that the referee opens the account exclusively through your provided referral link. Your referral link contains your unique referral code. You can also use your Client Code as your Referral Code. If any other link is used during account creation or the referee clicks on any other promotional link available online, their account won't be linked to the referrer, and referral rewards won't apply.
  2. Reward Credit: Upon successful referral, your referral rewards will be credited to your Ledger Account. You can easily withdraw this amount as per your convenience.
  3. Referrer: A Referrer is a 5paisa customer who refers to a prospective customer to open a Demat account by using their unique referral link.
  4. Referee: A Referee is a customer who opens a Demat account with 5paisa using the referral link of an existing 5paisa customer.
  5. Referral Date or Lead Date: The Referral Date or the Lead Date is the date when a referee begins his / her account opening process for the first time.
  6. Activation Date or Account Opening Date: The Activation date or the account opening date is the date when a referee successfully opens the account with 5paisa.
  7. Referral Reward: Referral Reward is the benefit that the Referrer gets once the referred friend successfully activates the Demat account with 5paisa as per the terms & conditions mentioned above.
  8. Exclusion of Existing Clients: Referral rewards won't be applicable if the details of the referred client already exist in the 5paisa database as an existing client or as a lead client. Such accounts will be excluded from the calculation of referral rewards.
  9. Referee's Account Opening: To be eligible for referral benefits, the referee must open their 5paisa account within 90 days from the date of referral using your unique referral link. Referrals outside this timeframe won't be eligible.
  10. TDS Deduction: A 5%, 10% or 20% Tax Deducted at Source (TDS) as applicable will be deducted from the referral fees.
  11. Referrals Limit: You can only refer up to 5 referrals (accounts opened successfully) in a month. Any referrals beyond this limit in a given month won't qualify for rewards.
  12. Management Rights: The management reserves the right to modify, amend, or terminate this scheme without prior notice.
  13. Combination of offers: No two referral offers can be combined at any given point. Users can qualify under only one offer in each active month.
  14. The referrer will receive the referral reward for each referral once the referee account is activated i.e. Demat and trading account is opened after complete document & application verification is in line with the SEBI / Exchange regulations, and internal policies and procedures of the company.
  15. The ledger credit will be made as per the 5paisa payment settlement policy basis the mentioned terms and conditions.
  16. If details of the referred client already exist in the 5paisa database as an existing client or as a lead client, then it will not be considered under this scheme for referral reward benefits, and 5paisa reserves the right to exclude the said accounts for the calculation of referral rewards.
  17. All the verification and account opening processes will be carried out by the 5paisa team, and the team reserves the right to reject the case depending on compliance requirements and the company’s existing policies and procedures.
  18. Management reserves all the right to modify or terminate the arrangement of the 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.
  19. 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.
  20. Each referral reward winner will be scrutinized under the “referral quality check committee” before crediting the reward money to his ledger.
  21. Referrer agrees that the following activities are expressly prohibited and engaging in any of these will lead to the initiation of legal and criminal action against you, and result in immediate termination and disqualification from the Referral Program, forfeiture of existing referral invitations and accrued, but not yet received, referral rewards.
    • 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.
    • Fraud, attempted fraud, or abuse of the 5paisa Referral offer for the given Terms & Conditions.
    • 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.
    • Organizing competitions, online contests, posting content about 5paisa, etc.
    • Any act or omission resulting in damage to 5paisa in any form whatsoever in nature
      22. The offer is valid for select customers only as per company policy.
      23. The Refer & Earn offer is only applicable to regular accounts.
      24. The Refer & Earn is not applicable for Plus One and Young investor accounts.
      25. The Refer & Earn offer is not applicable for Pro Partners

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