5Paisa Refer And Earn Review – Unbelievable Earnings (With Proof)

Investment has been a major reliable source of income for giant corporates for a long time. With the arrival of online platforms like 5Paisa, common people like you and me are now able to make use of this opportunity.

Since a large number of people are gaining interest in trying out trading and investment, you can capitalize on that interest and earn a good amount of money through referral programs.

In this post, you’ll learn about 5Paisa refer and earn program and you’ll get a special 5Paisa referral code that you can use to create a Demat + Trading account in 5Paisa absolutely for free!

By the end of the post, you can also our 5Paisa referral proof just in case you need some motivation to get started.

Disclaimer – Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.

5Paisa Refer And Earn Program

5Paisa offers an amazing refer and earn program to its users enabling traders & investors to earn a side income along with their investment portfolio.

What will you get when you refer 5Paisa to your friends?

You will earn Rs. 500 for the first person you refer to 5Paisa and you’ll keep earning Rs. 250 for each referral thereafter along with 40% brokerage sharing. For example, if you refer 10 people to 5paisa and every one of them opens a Demat account in 5Paisa, you’ll be earning (1*500)+(9*250) = Rs. 2750

This referral program is divided into three different categories and your referral reward increase as you go from one category to the other:

No. Of ReferralsClubRewardBrokerage Sharing
First ReferralStarRs. 50012.5%
2 – 5 ReferralsStar Rs. 25012.5%
6 – 25 ReferralsEliteRs. 250 25%
26+ ReferralsProRs. 250 40%
5Paisa Refer And Earn Clubs

5Paisa also mentions some additional information that you should keep in mind while referring their platform to your friends. Here’s that info:

  • You’ll get the full reward for the first five referrals as soon as the referee’s account activation is done
  • For 6-25 Referrals: Rs. 150 will be rewarded after the account activation and the remaining amount will get credited only after the referee places a trade using 5Paisa’s platform
  • For 26+ Referrals: Rs. 100 will be rewarded after the account activation and the remaining Rs. 150 will be transferred after the referee places a trade on 5Paisa’s platform
  • NOTE: The ‘trades’ mentioned here means that the referee does transactions worth Rs. 5000 or adds Rs. 10000 margin within 15 days of account activation
  • The affiliate cookie of 5Paisa has an expiration period of 7 days meaning that your referee should have done account activation within 7 days since you first refer them
  • The referral reward be credited within 48 hours of account activation

What will your friends get when you refer 5Paisa to them?

These are the benefits your referee will get after you refer 5Paisa to them:

  • A completely free Demat account
  • Benefits worth Rs. 2100
  • Complete access to all of 5Paisa’s basic, semi-advanced and advanced app features

5Paisa Refer And Earn Terms And Conditions

5Paisa’s refer and earn program comes with some terms and conditions. All of these T&C’s must be kept in mind while referring 5Paisa to someone:

  • You can refer any number of people to 5Paisa, there won’t be any upper limit to the number of referrals you can do.
  • You cannot avail two existing referral rewards at the sametime for one referral.
  • You are giving consent to receive Rs. 100 credit in the ledger while sharing your referral link or code
  • Rs. 500 will be credited only one during your first referral (subject to changes).
  • You will receive the referral only after the referee account activation i.e., after the online documentation verification.
  • You cannot add margin from your referral credits and rewards will be awarded only after deducting TDS charges.
  • No rewards will be awarded for pre-existing 5Paisa users.
  • The verification is done by 5Paisa’s team and they reserve the right to reject any application.
  • All final power lies with the management and they have the rights to modify or terminate the referral scheme at point of time.
  • Each referral will be checked by 5Paisa’s “referral quality check committee“, only referees passing the quality check will be considered.
  • No spam, fraud, bartering based promotions is allowed and if found, legal actions will be taken.

How To Open A Demat Account On 5Paisa?

You must open an account on 5Paisa before referring the platform to your friends. But before that, you need to have some documents for opening an account with 5Paisa.

Documents Required To Create A Demat/ Trading Account On 5Paisa

For opening an account on 5Paisa, different documents are required for existing KYC verified users and KYC non-verified users.

For KYC Verified Users:

  • Canceled cheque with your name printed on it / First page of bank statement
  • Salary Slip (Optional)
  • Photo of your signature
  • Scanned copy of PAN card
  • Photographs of account holder

For Non KYC Users:

  • Passport/ License/Voter id card
  • Cancelled cheque or bank statement
  • Salary slip (Optional)
  • Photo of your signature
  • Scanned copy of PAN card
  • Photos of account holder

Wondering how to open an account on 5Paisa? Here’s how:

Click on the below button to be redirected to the 5Paisa Account Opening Page:

You will land at the below page:

5paisa account opening page

Steps To Open A Demat/Trading Account On 5Paisa

  • Enter your mobile number and click proceed, you’ll be asked to verify your OTP. Complete the OTP verification and click on the Proceed button.
  • Upload your PAN and the details of the bank that you wish to connect with 5Paisa.
  • Fill your personal details like Full Name, Email, DOB, etc.
  • Upload the required documents required for Demat account opening like Aadhaar, bank passbook, etc.
  • Now you have to do esignature through Aadhaar
  • Wait for the 5Paisa team to verify the documents you uploaded.

Your application will get approved within 48 hours provided that there is no problem with your application.

How To Refer In 5Paisa

Login to your 5Paisa mobile application with login credentials you receive via text and email after account activation.

Click on the user icon on the bottom right corner in the navigation pane. The following tab will open.

refer and earn

Click on the Refer & Earn section to open your refer and earn page.

refer and earn page

You can see your referral code in the bottom left corner. Click on the Whatsapp icon to share your referral link to WhatsApp contacts. You can also share your link on Telegram, Facebook and other popular applications right from the referral page.

5Paisa Referral Payment Proof

Although 5Paisa is a trusted platform for stock and mutual fund trading & investment, people shy away from its referral program looking at the high reward thinking it is too good to be true.

5Paisa offers a genuine refer and earn program that you can utilize to earn constant passive income.

Our team tried referring 5Paisa to people and here is how much money we earned:


Investing is not an option anymore and choosing a good broker will be your first crucial step in a great investment experience.

5Paisa offers a quality platform with a wide variety of technical and fundamental analysis tools. Sharing such a high-quality platform with others will help enhance their investing experience as well.

So what are you waiting for? Open a Demat account with 5Paisa today and start referring right away!

Read: Upstox Refer And Earn Review

What Is 5Paisa?

5Paisa is one of India’s popular discount brokers that offers online trading and investment platform that allows traders to trade at BSE, NSE, MCX & NCDEX exchanges by sitting at the comfort of their homes.

How Does 5Paisa Work?

5Paisa offers mobile and web platforms for trading & investing. Log in to one of their platforms to and sell shares, mutual funds, &more. They offer tons of advanced features to help traders and investors profit from the market.

Can we withdraw the 5Paisa referral amount?

Unlike in Upstox, there are no options to withdraw 5Paisa’s referral income. The referral earnings will be automatically transferred to your bank account at the end of each month.
Share your love


  1. The entire 5paisa team is very supportive in resolving our inquiries and responds very quickly. I also find their preliminary research to be the most effective and very helpful in making investment decisions.

  2. I recently joined ‘5Paisa.’ I’m going to tell you about my experience. I created a backup account with them, as well as a secondary account (if the primary account had any problem). Zerodha is my primary account.

    I got an account with ‘5Paisa’ since there was a GooglePay offer where you could get Rs 500 in your trading account and no brokerage for the first month, plus 100% payback on profits made in the first month. The VTD order, which stands for “valid till date,” means that you can buy a stock at a specific price whenever you want.

    The trading platform at 5paisa has to be improved, with brokerage fees reduced in order to attract more clients.

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