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. The catch sits on the advocate's side: to keep earning the brokerage share you need at least three successful referrals in the past twelve months, and withdrawals only open once the balance passes ₹100.
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. The annuity has to be re-earned.
Why it works
Paying a share of ongoing revenue aligns the advocate with customer quality, not 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 instead of 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. Brokerage sharing stops unless you have 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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