In this post, I will explain how the Dhan Refer and Earn program works including the essential rules, and referal amount withdrawal process.
Dhan Refer and Earn: Program Details
Dhan Refer and Earn allows you to earn 20% of the brokerage for lifetime whenever your Referee trades on the platform. However, for that, it's important that the referee opens a Dhan account with your referral link, code, or QR code, and besdies, one has to complete the KYC process in order to trade on the platform.
As far as the Referee benefits goes, one can open a Dhan account for Zero charges. Besides, Dhan doesn't charge any AMC. Further, the platform follows a discount broking model with nominal brokerage charges.
Dhan Refer and Earn: Rules
Here are some essential rules to keep in mind while using the Dhan Refer and Earn program:
- To use the program, you need to have an account with Dhan.
- You must not spam or advertise your referral links to strangers.
- You will only receive benefit once your referee completes the KYC and starts trading on Dhan.
- 20% of the brokerage your referee pays will be credited to your on the same day.
- Dhan doesn't have any limit on the number of referals per month or per year.
Dhan Refer and Earn: How to Withdraw Referal Amount
To withdraw your referal amount, you need to log into your Dhan account and get to your Dhan's Refer and Earn page. To withdraw, you need to click on the ‘Withdraw to Bank' option. However, in order to withdraw your referal earnings, you need to have at least ₹100 in your referral earnings. Besides, it's mandatory to place at least one trade with Dhan before you can withdraw your referal earnings.
Dhan Refer and Earn: How to Refer Dhan to Friends
Referring Dhan to friends is simple and all you need to do is log into your Dhan account. After that, you must get to the Refer and Earn page. Over there, you can find three options: link, code or QR code. Next, you can share your referral link or code with your friends and family using any of the three options. Next, you will need to wait for the referee to open a Dhan account using your link or code. Besides, one will need to complete the KYC process. You income starts generating the moment the referee starts trading on the platform.
I have provided you with the essentail clarity to get started with the Dhan Refer and Earn. Since the program doesn't come with any limitations unlike other platform, you can have unlimited earnings using the program.
Dhan Refer and Earn: FAQs
Who can participate in the Dhan Refer and Earn program?
Any existing Dhan account holder can participate by referring friends or family members to open an account using their referral link, code, or QR code.
What benefits does the referee receive upon joining through a referral?
Referees can open a Dhan account without any charges and won't face any Annual Maintenance Charges (AMC). Additionally, they get access to a discount broking model with nominal brokerage charges.
Is there a limit to the number of referrals one can make?
No, Dhan doesn’t impose limits on the number of referrals one can make within a certain time frame.
How soon does one start earning through the program?
Once the referred person completes their KYC and starts trading on the Dhan platform, the referrer begins earning 20% of the brokerage paid by the referee, credited on the same day.
What's the minimum amount required for withdrawal of referral earnings?
A minimum of ₹100 in referral earnings is required to make a withdrawal. Additionally, placing at least one trade with Dhan is mandatory before withdrawing.
Can referral earnings be withdrawn immediately upon a referee's trade?
No, one trade needs to be executed with Dhan before a referrer can withdraw their earnings from referrals.
Are there any restrictions on how referrals can be shared?
Referrals can be shared via three options: link, code, or QR code. However, spamming or advertising referral links to strangers is not allowed.
Is the referral program limited to specific types of accounts or trades?
The program applies to all types of trades made by the referred person once they complete the KYC and start trading on the Dhan platform.
How long do referral earnings last for the referrer?
Referrers continue to earn 20% of the brokerage for the lifetime of the referees' trades on the platform.
What's the process if a referee opens an account but doesn’t complete the KYC or start trading?
Referrers only receive benefits when the referee completes the KYC and engages in trading activities on the Dhan platform. If the referee doesn’t fulfill these criteria, the referrer won't receive any earnings.