Are you looking for a way to earn some extra cash? Look no further than ICICI Direct’s Refer and Earn program! With this program, you can earn up to 750 rupees per referral by simply referring your friends and family members to open a Demat account with ICICI. In this blog post, we will dive deep into how the Refer and Earn program works, where to find your unique referral code, terms and conditions, pros and cons of the program, as well as tips on how to use it effectively.
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What is ICICI Direct
ICICI Direct is a leading online trading platform in India that provides investors with access to financial markets. The platform offers a range of services, including investment options in stocks, mutual funds, bonds, and various other financial instruments. ICICI Direct is known for its user-friendly interface and advanced technology which enables investors to make informed decisions regarding their investments.
With the rise of digitalization in India’s finance sector, ICICI Direct has become one of the most popular platforms among retail investors due to its accessibility and convenience. The platform has democratized investing by making it possible for anyone with an internet connection to invest in the stock market without having any formal training or knowledge about trading.
Moreover, ICICI Direct has also introduced many innovative features such as “Trade Racer” –a real-time trading terminal– that allows users to trade seamlessly across multiple devices like laptops or mobile phones. With these offerings, ICICI Direct empowers individuals who are seeking greater control over their finances to take charge of their investments easily and efficiently.
What is ICICI Direct Refer and Earn?
ICICI Direct Refer and Earn is a program launched by ICICI Securities that allows users to earn money by referring friends and family to open a Demat account with them. By using the unique referral code provided by ICICI Direct, users can invite others to create their own accounts.
Once the referred person opens an account, both parties receive benefits. The referrer gets Rs 750 per referral as cashback into their trading account, while the referred person receives free brokerage worth up to Rs 5,000 on their first trade.
This program aims to encourage people who are interested in investing in stocks or mutual funds but have not yet opened an account due to lack of knowledge or motivation. It also helps existing customers of ICICI Securities share their positive experience with others and generate additional income for themselves.
It’s important to note that there are some terms and conditions associated with this program, such as the requirement for both parties’ accounts to be active for at least six months before they can withdraw any earnings. ICICI Direct Refer and Earn is a great way for individuals interested in investing in securities markets or those looking for ways to earn additional income through referrals.
How to earn money with ICICI Direct Refer and Earn
ICICI Direct Refer and Earn program is a simple way to earn money by referring your friends and family to ICICI Direct’s Demat account. It is an excellent opportunity for people who want to make some extra cash without putting in much effort.
To start earning, you need to sign up for the program on the ICICI Direct website or mobile app. Once registered, you will receive a unique referral code that can be shared with your friends and family through various platforms like WhatsApp, Facebook, Twitter, SMS, etc.
When someone uses your referral code while signing up for ICICI Direct’s Demat account and completes their first trade within 7 days of opening the account, you will receive Rs. 750 in your trading account as a reward.
You can refer as many people as you want using this program. There are no limits on how much money you can earn through referrals; it all depends on how many people open accounts using your referral code.
So go ahead and spread the word about ICICI Direct’s Demat account among your friends and family members today!
Where Can I find my unique referral code
After signing up for the ICICI Direct Refer and Earn program, you will receive a unique referral code that you can share with your friends and family. But where can you find this code?
Firstly, log in to your ICICI Direct account using your credentials. Once logged in, look for the ‘Refer and Earn’ tab on the top menu bar of their homepage.
Clicking on this tab will take you to a page that displays all information related to the refer and earn program. On this page, scroll down until you see the section titled ‘Your Referral Code’.
Here, you will find your unique referral code which is a combination of letters and numbers. Copy this code or use the social sharing buttons provided to share it with others through email or social media platforms.
It’s important to note that each referral code is unique and can only be used once by one person. So make sure to keep it safe and share it wisely!
In summary, finding your unique referral code is easy – simply log in to your ICICI Direct account, go to the ‘Refer and Earn’ tab, scroll down until you find ‘Your Referral Code’, copy it or use provided sharing options!
Terms and Conditions
Before you start using ICICI Direct Refer and Earn program, it’s essential to go through the terms and conditions. The referral program offers a chance for its users to earn money by referring their friends or family members.
- You need to open a special account called an ICICI Demat account within 30 days after someone sends you a special link.
- After opening the account, you have three months to activate it by choosing one of the subscription plans available on ICICI Direct.
- You can earn up to Rs 7,500 in a year, but you can’t earn more than that.
- You can’t ask your friends or family to open accounts and refer each other to earn rewards in this program.
- The company ICICI Securities can change the rules or end this offer at any time without telling anyone. If you do anything dishonest, you won’t be able to participate in this offer.
- These rules are made according to the laws of India and only apply in Mumbai. If you get the benefits from this offer, it means you agree to follow these rules completely.
Pros and Cons of ICICI Direct Refer and Earn
Pros and Cons of ICICI Direct Refer and Earn
ICICI Direct Refer and Earn program provides an excellent opportunity for both existing customers and potential new clients to earn money. However, it is essential to examine the pros and cons before signing up for this program.
One significant advantage of ICICI Direct Refer and Earn is that it offers a generous referral amount of Rs 750 per successful referral. This can be a great passive income stream for those who have a large social network or audience.
Another benefit is that there are no restrictions on how many people you can refer, making the earning potential limitless. Additionally, the process of referring someone is straightforward, with your unique code being easily accessible in your account dashboard.
On the downside, there are some limitations to consider. Firstly, referrals must open an ICICI Demat Account within 60 days from when they receive your referral link; otherwise, you will not receive any rewards.
Secondly, only Indian residents over 18 years old are eligible to participate in this program. As with any investment-related service or product, there may be risks involved. Therefore it’s crucial only to refer individuals who understand these risks fully.
Though – given the ease of use and potentially high earnings – ICICI Direct Refer and Earn presents itself as an attractive option for anyone looking to make extra cash with little effort required.
How to use ICICI Direct Refer and Earn
Using ICICI Direct Refer and Earn is easy and straightforward. First, you need to have an ICICI Direct account with a Demat account linked to it. If you don’t have one yet, sign up for an account on the ICICI Direct website.
Once your account is set up, log in to your dashboard and look for the “Refer & Earn” tab. Click on it to find your unique referral code that you can share with friends and family.
To refer someone, simply give them your referral code or use the sharing options available on the platform such as email or social media. When they sign up using your code, both of you will receive a reward of Rs 750 each after their first trade within 60 days of opening their new account.
You can track all referrals made by going back to the “Refer & Earn” tab where you’ll see a summary of all successful referrals along with any pending rewards.
With this program, there’s no limit to how many people you can refer so feel free to spread the word about ICICI Direct among your network and earn rewards while doing so!
Conclusion
ICICI Direct Refer and Earn is a great way to earn some extra money with little effort. By referring your friends and family to open a demat account with ICICI Direct, you can earn up to Rs 750 per referral. This program not only benefits you but also helps your loved ones in managing their investments.
However, it’s important to keep in mind the terms and conditions of this program before participating. Make sure that you understand all the guidelines and requirements before referring anyone.
ICICI Direct offers an easy-to-use referral system that rewards its customers for spreading the word about their services. If you’re looking for an opportunity to make some extra money while helping others manage their investments, then give ICICI Direct Refer and Earn a try today!