5paisa is an online financial services provider that offers services relating to gold, US equities, mutual funds, and insurance. Its unique selling propositions (USPs) include free demat accounts and a fixed brokerage fee of Rs. 20 per order. This post will provide you with the 5paisa app referral code, which will allow you to get several perks, including a bonus of Rs 500, a free demat account, a 0% brokerage fee, and many more.
What is the 5paisa app referral code?
Customers in India may make use of 5paisa’s trading and investing services, which are provided via the company’s online discount brokerage platform. The referral programme is one of the marketing strategies that the firm does to bring in new clients. If you refer someone to the 5paisa app and they end up creating an account on the platform, you are eligible for a referral bonus provided that you provide the referral code DEEP10814. The amount of the referral bonus is subject to change based on the many incentives that are currently being given by 5paisa.
You will need to have an active 5paisa account in order to participate in the referral programme, and you will also need to download the 5paisa app on your mobile device. After you have the app installed, you will be able to produce a one-of-a-kind referral code and give it to your loved ones and close friends. If someone uses your referral code to join up for 5paisa and satisfies the other conditions of the referral programme, you will get the referral bonus in the 5paisa account you linked to your referral code.
Before taking part in the referral programme, it is in your best interest to read the terms and conditions of 5paisa thoroughly. It is important to keep in mind that the programme has certain restrictions or limits that have been explained in the last section of this article.
Also read: Upstox coupon code for Account opening
How to apply 5paisa referral code during the registration process?
Free 5Paisa account
If you want to successfully join up for 5Paisa and get the advantages of using the referral code, follow the easy steps that are described below:
- First things first, go on over to the 5paisa Signup Page.
- Now, input your mobile number and then the OTP that you were sent.
- Please provide your email address and any other relevant personal information.
- Apply 5Paisa app referral Code ‘DEEP10814‘.
- Now is the time to input your banking information and submit any necessary papers.
- Verify your Aadhar Card.
- Now we’re done!
Also read: 5Paisa vs Upstox detailed comparison
How can you open a Demat account using the 5Paisa?
You only need to follow all of the steps that we have provided below so that you can easily establish the account. The process of opening a Demat account on 5paisa is fairly simple, therefore, I want to make it clear right off the bat that it is not difficult at all to do so. Make sure that you are having your PAN card at all times since a PAN card will be required. The procedure as a whole will take around 15 minutes due to the fact that there are 5 pages to fill out, all of which are required. Therefore, I will walk you through the actions that you need to take:
- Enter your email and password and 5paisa app referral code: DEEP10814
- The information from your PAN card has to be entered on the first page of this form so that they can verify your identity.
- After that, you will be prompted to provide your date of birth. Next, you will be asked to verify your contact information using the OTP method. Finally, you will be asked to add your bank data by entering the appropriate account number and IFSC code.
- On the second page of the application, you will be required to input your personal information. This includes providing your name, the names of your father and mother, your marital status, your gender, and, finally, your profession and credentials.
- On the third screen, users will be required to fill in the address data that are shown on their Aadhar card, after which they would only need to hit on the proceed button to continue.
- Now that we’ve reached the following page, we need to pick the plan that we want to use, and we’ll make our selection based on how convenient it is for us.
- After that, we’ll scroll down and choose the Full-service Demat account option. It will provide its services at no cost to the customer. Then choose the option to accept the 5paisa terms and conditions.
- On this last page, you will need to upload all of the required papers, such as your PAN card, signature, photo, proof of address, and evidence that you have a bank account.
- Users will see a green mark after each choice, indicating that they do not need to press on the derivatives option. You may choose the photographs you want to use from the Gallery.
- Once you have finished all of the processes, the next thing you will need to do is validate your number using the OTP so that they may check your Aadhar card.
- Then all you need to do is touch on the Proceed option after selecting the Authorization option.
- Once you have finished all of the required paperwork and confirmed your identity, you may begin trading without worrying about any other details.
You will be able to open a Demat account at the low cost of 5Paisa if you go about it in this manner. Don’t worry if you run into any problems throughout the registration process since they will assist you and walk you through the whole procedure over the phone. You may choose the option to Refer and Earn by pressing on the Menu option if you are interested in earning more revenue at this time. After that, the individual who registers with your coupon code will be eligible for certain rewards and will also be able to reward you with benefits.
What are the disadvantages of 5paisa referral?
You may earn a referral bonus for each person that you recommend to 5paisa, but the amount may be restricted and may not be as profitable as some other referral programmes. While you can receive a referral bonus for each person that you refer, the potential profits are limited.
Restrictions on who is eligible to participate: The referral programme might place limitations on who is eligible to take part, such as mandating that both the person who is referring someone and the person who is being referred maintain active accounts and fulfil certain trading or deposit requirements. Also, read 5paisa refer and earn FAQs.
Ajay Bohra is an entrepreneur and a financial expert who guides people in their personal finance, investments and real estate. Ajay is passionate about showing people how to make money work for them.
He guides them in the right direction to invest in Stocks, Mutual Funds, Real Estate and other avenues.
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