A lot of Zerodha's customers came to them the same way: someone they trusted told them to. They
have never run a newspaper or TV ad, and never plan to. A typical broker spends 10 to 15% of its
revenue on marketing. Zerodha would rather hand that money to the people who actually do the
convincing.
That belief is as old as Zerodha; they were the first broker in India to share a slice of their
brokerage with the clients who referred others, and ran it that way right from day one in 2010.
The program was temporarily paused due to regulatory mandates, but is now back.
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Zerodha's referral program is back, enabling clients to share in the brokerage generated by
their referrals. For every account opened through your referral, you earn 10% of the brokerage
they generate, plus 300 reward points for each
successful referral.
You will also continue to get 300 reward points for each successful referral. You can redeem
these in Console for subscriptions to products like Tijori, MProfit, and Quicko, or put them
towards your Account Maintenance Charge (AMC).
You can withdraw your referral brokerage share from Console once you accrue a minimum of ₹500,
starting from August 1, 2026. Please note that only referrals made from June 1, 2026, are
eligible for the brokerage share, and accounts referred under the older program won't carry
over.
A Good Time to Tell a Friend
There has never been an easier time to bring someone on board. From June 1, 2026, anyone opening
a fresh account won't pay AMC for their first year. And if they are moving holdings over from
another broker, Zerodha will refund their transfer charges up to ₹500. This leaves fewer reasons
to hesitate, which means your referral is far more likely to go through.
So if there is someone you have been meaning to nudge towards investing the right way, now is
the perfect moment. Happy referring!