How the 5paisa referral program works
5paisa pays a ₹300 referral incentive plus 30% brokerage sharing. That 30% is the highest published rate among the major Indian brokers — Zerodha shares 10% and Kotak 15% for two years — which makes 5paisa's programme the clearest example of referral used as a price-competition lever.
What the program pays
What makes this program different
Out-bidding on revenue share. Where Zerodha shares 10% and Kotak 15% for a limited term, 5paisa publishes 30% — using the referral rate itself as a competitive weapon in a market where brokerage is already near zero.
Why it works
In a market where headline brokerage has collapsed toward zero, the referral rate becomes one of the few remaining levers to compete on.
A flat ₹300 alongside the share gives an immediate, concrete number to share.
Requiring exclusive use of the referral link removes attribution disputes before they start.
What to copy
- Where your category has commoditised on price, the referral rate can become a differentiator in its own right.
- Publish the rate. In a market where three competitors all share revenue, the one that states its number clearly is the one that gets compared favourably.
- The referee-side benefit is not published as a cash amount on this page.
5paisa referrals, answered
How much does 5paisa pay for a referral?
A ₹300 referral credit plus 30% brokerage sharing, as published on 5paisa's refer and earn page.
How does 5paisa compare with other Indian brokers?
Its published 30% brokerage share is the highest of the major Indian brokers — Zerodha publishes 10% and Kotak Securities 15% for two years.
5paisa is not a ReferralFlo customer and this page is not affiliated with, endorsed by, or sponsored by 5paisa. All terms described here are taken from 5paisa’s own published materials as at 4 August 2026 and may have changed since. Trade marks are the property of their respective owners.
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ReferralFlo runs the mechanics on this page \u2014 tiered rewards, qualification rules, caps and payouts \u2014 without engineering time.