How the Zerodha referral program works
Zerodha pays 10% of the brokerage that every eligible referred account generates, plus 300 reward points per account opened, redeemable for Zerodha services. There is no cap on referrals — but to keep earning the brokerage share you must have at least three successful referrals in the past twelve months.
What the program pays
What makes this program different
A recurring revenue share with a renewal condition attached to the advocate. Most referral programmes pay once; Zerodha pays a percentage of the referred customer's activity indefinitely — but switches it off if the advocate stops referring, so the annuity has to be re-earned.
Why it works
Paying a share of ongoing revenue aligns the advocate with customer quality rather than volume — a dormant referred account earns them nothing.
The three-in-twelve-months condition converts a one-off payout into a reason to stay active.
Reward points redeemable only for Zerodha services keep part of the cost inside the business.
What to copy
- If your revenue is recurring, consider sharing a slice of it rather than paying a bounty. It selects for advocates who bring good customers.
- Attach an ongoing eligibility condition to a revenue share, or you will pay an annuity forever on work done once.
- Zerodha distinguishes this from its Authorised Person programme, which has separate eligibility requirements. The referee-side benefit is not published as a cash amount.
Zerodha referrals, answered
How much does Zerodha pay for a referral?
10% of the brokerage that each eligible referred account generates, plus 300 reward points per account opened. Withdrawals are available once your balance exceeds ₹100.
Do Zerodha referral earnings ever stop?
Yes. To remain eligible for brokerage sharing you need at least three successful referrals in the past twelve months.
Zerodha is not a ReferralFlo customer and this page is not affiliated with, endorsed by, or sponsored by Zerodha. All terms described here are taken from Zerodha’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.