Welcome friends, I hope all of you are doing well. Today in this article, you will read about 5Paisa Refer and Earn Offer 2024. If you refer a friend then you can earn a lot of free vouchers, real money and up to 40% brokerage sharing for a lifetime. Is not it sounds well?
5Paisa is a Demat and Trading app in India. Here you can buy mutual funds, stocks, US stocks, insurance, IPO and digital gold. This Demat and Trading app comes with a simple but advanced interface. Here you will get to see a lot of options on the home screen.
In this app, a separate option called ‘Investment Idea’ is available. Here you will get to see long term ideas, short term ideas, hot stocks etc. Apart from this, you will get to see mutual fund ideas also through the ‘Investment Idea’ tab.
5Paisa refer and earn offer is available for all users. First of all, you need to open your Demat account here then you can refer friends to earn free brand vouchers, brokerage sharing etc.
5Paisa App Review
I know many of you heard about the stock market or share market before. 5Paisa is also a stock market app. Here you can buy stocks, mutual funds, digital gold and even US Stocks too. This app comes with a very interesting referral offer. That’s why you are reading this post.
For the first referral, you will get ₹500 in your 5Paisa wallet. After that, for 2 new referrals, you will get up to ₹5000 brand vouchers free. Apart from that, you will also get brokerage sharing for a lifetime. For the first 5 referrals, you will get 12.5% brokerage sharing, after that for 25 people you will get 25% brokerage sharing. And after 40+ referrals you will get 40% brokerage sharing for a lifetime.
I have been using this app for a long time. And I found this app is really great if you are looking to start your investment journey or earn free rewards then this app is for you.
5Paisa App comes with three subscription plans. These are Basic Pack, Power Investor Pack and Ultra Trader Pack. You will get a lot of benefits from zero account opening charges from Rs 20 to Rs 10 brokerage charges.
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How To Open Demat Account in 5Paisa
- First of all, download the 5Paisa app or [Click Here].
- Select the ‘Open Demat Account’ option.
- Submit required documents.
- Verify KYC.
- Wait for a few hours.
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Required Documents
To open a Demat account in 5Paisa you need to submit a few documents. Here is the list of these required documents. You can give any of the mentioned documents in each category.
| 1. ID Proof | PAN Card |
| 2. Address Proof | Aadhar Card / Passport / Voter ID / Driving License |
| 3. Bank Details | Bank Statement / Cheque / Passbook |
| 4. Signature Proof | Signature on blank white paper |
5Paisa Refer and Earn
This Demat account is one of the best refer and earn apps in my opinion. It is because any user can earn up to 40% brokerage sharing for a lifetime. It means every time your referred friend invests money in the 5Paisa App, you will get 12.5% to 40% brokerage sharing in your account. Either you can withdraw this money to your Bank account or can use it to buy stocks, mutual funds, digital gold etc.
Apart from brokerage sharing, you will earn free Brand Vouchers worth ₹5000 for the first two referrals and ₹500 for the first referral. There are three sections in 5Paisa refer and earn offer. These are Star, Elite Club, Pro Referrer.
| Referral Category | Reward | Brokerage Sharing | No of Referrals |
|---|---|---|---|
| Get Lucky | ₹500 | 12.5% | 1st Referral |
| Star | ₹250 | 12.5% | 2-5 People |
| ELITE Club | ₹250 | 25% | 6-25 People |
| PRO Referrer | ₹250 | 40% | 26+ Referrals |
How To Refer and Earn
- First of all, open the 5Paisa app.
- Tap on the User option.
- Then select the ‘Refer and Earn’ option.
- Copy your 5Paisa referral code.
- Share 5Paisa refer and earn link on WhatsApp.
- You can refer friends on other social media too.
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How To Withdraw Referral Money
If you referred a few people and some of them have completed their profile and opened a Demat account in the 5Paisa app then you can withdraw your funds to your Bank account. But it has some terms and conditions. The minimum wallet balance is ₹100. So you have to keep ₹100 in your wallet and the rest of the money can be withdrawn to your bank.
They will charge monthly AMC Charges. So you have to also pay for it. If you already have a wallet balance then they will deduct it from that. I have to pay ₹29.50 DP AMC Charges recently. The rest of the terms and conditions of the 5Paisa refer and earn offer are mentioned below. Please read it carefully.
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Referral Offer
If you refer a friend and they join through your 5Paisa refer and earn link then they will get a free Demat & Trading account and benefits worth ₹2100. In this ₹2100, they will get ₹100 free credit to buy stocks with a validity worth 25 days from credit. And ₹2000 worth of brand vouchers from some of the top brands in our country.
| STAR | ELITE | PRO |
|---|---|---|
| 1. Full rewards will be credited to your 5Paisa account within 48 hours of account opening. | 1. ₹150 will be credited within 48 hours if referred friend opened an account and ₹100 will be credited after their first ‘trades’. | 1. ₹100 will be credited if your referred friend opens a Demat account and ₹150 will be credited after their first ‘trades’. |
| 2. You can use the reward to buy only stocks or mutual funds within 25 days. | 2. ‘Trades’ mean the referred friends need to transact worth ₹5000 or add ₹10000 within 15 days. | 2. ‘Trades’ mean the referred friends need to transact worth ₹5000 or add ₹10000 within 15 days. |
| 3. Referrer is eligible for benefits if they open an account within 7 days. | 3. Referrer is eligible for benefits if they open an account within 7 days. | 3. Referrer is eligible for benefits if they open an account within 7 days. |
5Paisa Insurance
Now you can do insurance too through the 5Paisa app. Here you will get to see Car, Bike, Health and Term insurance too. 5Paisa Car Insurance comes with ₹20/ day whereas 5Paisa Bike Insurance comes with ₹11 / day. Apart from this, 5Paisa Health and Term Insurance come with ₹10 / day. Simply check the app to know more about 5Paisa Insurance.
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5Paisa Margin Calculator
The 5Paisa capital limited comes with a margin calculator too. This 5Paisa Margin Calculator tool will help you to find out how much leverage you will get for a particular stock on many different categories like equity delivery, equity intraday, commodity or currency etc. 5Paisa offers different leverage for different kinds of trades.
How To Calculate Margin in 5Paisa
- First of all open the ‘User’ option in the 5Paisa app.
- Now tap on the ‘Tools and Calculators’ option.
- Here you will see ‘Margin Calculator‘ option.
- Now select the kind of trades such as Equity, Currency or Commodity.
- Select type such as option or future.
- And then select the mode in between Intraday or Delivery.
- Select a Stock in the Scrip option.
- Chose expiry date.
- Enter Strike Price, Price and Lots and then chose Calculate button.
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FAQs: 5Paisa Referral Offer
If you refer a friend to open a Demat and a Trading account in the 5Paisa app then you will get free brand vouchers worth ₹5000 and up to 40% brokerage sharing.
5Paisa recently launched an offer of the month scheme. If you refer two friends and if they open their Demat and Trading account and trade for the first time then you will get free brand vouchers worth ₹5000 apart from ₹500 from the first and ₹250 for the second referrals. Also, keep in mind that for successfully referring 2 friends you will get 12.5% brokerage sharing too.
Call the 5Paisa customer care or mail them at support@5paisa.com, then download the 5Paisa account closure form and fill in the details and then submit it.
Nirmal Jain is the owner of the 5Paisa app.
You have to pay ₹540 AMC charges every year.
