Best Refer and Earn Demat Account 2023 [Verified]

Best Refer and Earn Demat Account: Financial independence is really important for a secure future. And there are so many ways nowadays with which we can make ourselves economically secure. Investment is one such important thing. With the advancement of technology, everything has changed, so have the investments as well.

Earlier we used to keep papers and documents of every investment or transaction. But today everything is digitalized, investments too. In this field, we usually see a term called, Demat account. Demat account is an abbreviation for Dematerialisation account.

List of Demat Account Refer and Earn Apps 2023

The purpose of a Demat account is to hold investments such as bonds, insurance, mutual funds, shares, etc. in a digitised form. Without the use of any paperwork, your finances are safe and secure in your digital account, Demat account.

Demat account is majorly used as an intermediate source between the investor and the depositor. Here a bank is involved which manages the transactions.

To open a Demat account, there are numerous apps and websites available. But before opening an account it is important to know the documents required.

Here is the list of necessary documents that one should have to open a Demat account

• PAN card
• Proof of Address
• Adhaar card
• Bank statement of last 3 months
• Income tax return
• Salary slip

One can easily open a Demat account on any platform with these documents. Now I have an added advantage for you. There are several applications where you can easily earn a good amount of money by just referring your friends to open a Demat account.

Upon successful referral, you would be able to earn cash rewards and many other exciting prizes.

Going ahead I would discuss these applications and their refer and earn schemes in detail.

Best Refer and Earn Demat Account 2023

1. Upstox

Upstox is one of the major trading platforms available today. It was started in May 2011 and from the time it has been launched, the growth is tremendous. The founders of Upstox are Ravi Kumar, Kavitha Subramanian and Shrini Vishwanath.

It offers its users a variety of services including, Demat account, Trading account, Commodity trading and Equity trading.

Upstox app is available for Desktop, Android and iOS devices. Multiple investment options are available such as Stocks, F&O, IPOs and Mutual funds. Different tools are available on the platform to calculate important metrics like Brokerage Calculator, Margin calculator and Open strategy builder.

Upstox is no.1 in our list of Best refer and earn demat account.

Refer and Earn:

• Go to the Refer and earn section.
• Get a referral link and share it via Whatsapp or Facebook.
• When your friend joins Upstox with your invite link, you get Rs. 400 and upon your friend’s first trade, you get Rs. 200.
• Using your invite link your friend would get a free trading and Demat account. Also a credit of Rs. 1000 that can be used for 30 days.

Read more about Upstox refer and earn app.

2. Zerodha

Zerodha was a revolution in the investment market when it started in the year 2010. The main aim is to bring the investment concept to every layman of India. Founded by Nithin Kamath with an ambition to change the structure of Indian trading and investment.

Today there are more than 6 million clients of Zerodha and that consists of 15% of the total trading volumes. That’s quite huge! Zerodha aims at providing the best technology at a very low cost, which could be affordable for every Indian.

It allows its registered users to earn by the unique referral scheme.

Zerodha ranks in 2nd position in the list best refer and earn demat account.

Refer and earn:

• Click on the Referral programme option.
• Enter your client ID to generate a referral link.
• Share your invite link via Whatsapp, Facebook, Twitter or LinkedIn.
• When your friend joins Zerodha using your link, you will get 10% of each brokerage they pay.
• Moreover, you get 300 reward points.

3. Groww

Groww is one of the most loved platforms to invest in. It has become popular due to the data security it provides. One can invest in Mutual funds, SIPs, NSE, BSE and much more using the Groww app.

With the Groww app, one can create a free Demat account. In the Groww app, one can invest up to 10 lakhs. Here the user gets a chance to win up to Rs. 10,000 by just referring the app to their friends.

Refer and earn:

• Click on the Share and earn rewards option.
• You will see a referral code there.
• Share the code with your friends using any social media platforms.
• Once your friend uses your invite code and joins Groww, you will get a scratch card, where you can win up to Rs. 10,000.
• Share more and earn more.

Read more about Groww app referral code.

4. Angel One

Angel One, earlier known by the name of Angel broking is a large investment firm. It has widespread data and resources for every trader. It is an independent database for share markets and trading. Angel One is a one-stop destination for all the brokerage houses in India. Each information related to shares, stocks, is available on Angel One.

It is a hub or warehouse or brokerage database. With extensive technology, Angel One has been serving the Indian stock market for more than 2 decades. It is the largest stockbroking platform in India.

The platform provides trading ideas and reports from its unique technical analysis system. Zero paperwork for opening an account. From the debt market to strategic trading, it has everything you want.

Refer and earn:

• Go to the Refer and earn page.
• Enter your unique client ID to generate a referral link and share it via any social media platform.
• Or else you can enter your client ID, your friend’s name, mobile number and city. The link will be sent directly to your friend’s mobile number.
• Once your friend becomes a part of Angel One using your invite link, you will get an Rs. 500 voucher.
• The more you refer, the more you will be rewarded.

5. Sharekhan

Sharekhan is a very unique application in the investment market. If you are new to trading or just a beginner, then Sharekhan is just for you. With a Sharekhan classroom, you would be able to learn everything about trading and investment.

It allows its users to open a Demat account for free and there are no hidden charges. The experienced experts guide the newcomers to take distinctive steps while starting their trading journey.

Sharekhan allows free access to F&O. Recently they have started their referral programme.

Refer and earn:

• Visit the Refer and earn page.
• Enter your mobile number linked with your Sharekhan account and generate a unique link.
• Share your invite link with your friends via Whatsapp or any other platform.
• When your referred friend trades via Sharekhan, you will get a 15% brokerage commission.
• The more you refer, the more commission you would earn

Conclusion of Refer and Earn Demat Account

These were the top 5 apps, which can help you to earn by just referring your friends to open a Demat account. With minimal effort, you can make money. All these platforms are safe and highly secure.

They are all authorised by the government. Make sure you and your friend are above 18 years to start trading on these platforms.

Hope you have loved our list of best refer and earn demat account.