Upstox Refer and Earn (2024)

Last updated on May 2nd, 2024 at 09:40 am

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By mastertheblogging

If you have a Upstox demat account, then why not to earn by Upstox Refer and Earn program by referring your family and friends?

Upstox is one of the best trading apps in India providing trading opportunities at unbeatable prices. Now as people are taking more interest in investing online rather than to invest offline, Upstox has become one of the trustworthy brands in India.

Upstox refer and earn

So, why not to discuss in detail about Upstox, Upstox Refer and Earn program and how much you can earn through Upstox refer and earn program.

Invite friends to try out Upstox and get the following benefits:

  • Demat + Trading account with zero account maintenance charges
  • ₹0 commission Mutual Funds and IPO investing
  • ₹20 per order brokerage on Equity, F&O, Currency & Commodity

What is Upstox?


Upstox is Mumbai based one of the best Demat and trading apps. The three co-founders of this company are Kavitha Subramanian, Ravi Kumar, and Shrinivas Viswanath. Its easy to use and faster performance makes it more reliable apps among the traders. You can invest in digital gold, IPOs and mutual funds using the Upstox app. Check from the top 20 market capitals and make investment as per your choice. Start Trading in Share Market, SIP, IPOs, Mutual Fund, Indices and Commodity at .

There is also a Upstox refer and earn program which we will discuss in details in this article.

Overview of Upstox app

The three co-founders Ravi Kumar, Kavitha Subramanian, and Shrini Viswanath launched the Upstox app in 2009. Upstox is backed by investors like Mr. Ratan Tata and Tiger Global management. So, this platform has a value and trust among the users. Upstox provides an easy, fast and flexible platform that can be accessed for trading without any complication. They have also a Upstox refer and earn program and if you want to share it with your friends you can earn a good amount by refer and earn in Upstox.

Requirement to create Upstox demat account

Poof of Identity: Any of the documents like PAN card, Passport, Aadhar Card, Voter Id, Driving license

Proof of address: Any documents with your address proof like Passport, Aadhar, Voter Id, driving license, electricity or telephone or post-paid bill, bank statement

Proof of bank: cancelled bank account cheque along with your bank details.

How to open Demat account in Upstox?

Here are a few steps on how to open a Demat account on Upstox.

1. Go to the Upstox online demat account opening page.

2. Sign up by entering your basic details.

3. You have to upload the scanned copies of your document like Aadhar card, PAN card, cancelled cheque and your latest bank statement.

4. Enter your Aadhar details.

5. Then you will receive an OTP in your linked mobile number to verify your identity.

6. Then after verifying your documents, your Demat account will be created within 2 days.

Upstox refer and earn review

You can refer your family and friends to join the Upstox refer and earn a good amount. Your earning can be sent to your bank account. When your friend opens a demat account using your referral code, your referral amount will be credited to your account.

Here are a few steps on how to do the Upstox refer and earn program and upstox refer and earn terms and conditions.

1. Download the Upstox app and complete the account opening process.

2. Login to the Upstox app using your biometrics or 6-digit PIN.

3. Click on ‘Profile’ icon and then click on ‘Refer and earn’.

4. Click on ‘invite’ or ‘copy the link’ and share this link with your friends via Whatsapp or any other media.

5. After receiving your referral link, your friend have to complete the sign up process and complete opening an Upstox account.

6. The referral link will be valid for 7 days. Your friend have to complete the account opening process within 7 days so that you can get the referral reward.

7. You can get the referral reward for first 10 successful referrals per month. After that you cannot get any referral reward for that month.

8. Once your friend opens an Upstox account, you can get the Upstox refer and earn reward in your account within 24-48 hours.

How to check your Upstox referral reward?

After getting the Upstox refer and earn reward by referring your friend, you may want to check your referral reward balance. Here are few steps to check your referral balance on your Upstox account.

1. Login to the Upstox pro app or pro web using your login credentials.

2. On the menu option go to the ‘Refer and earn’ and click on it.

3. Click on ‘Your Earnings and Referrals’

4. You can check your referrals, total cash earned, amount withdrawn.

Upstox refer and earn withdrawal

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After checking the referral reward, you can withdraw the amount to your bank account easily. Here are a few steps to do so:

If you have old version of Upstox then:

1. As mentioned in the earlier step check for the referral balance.

2. Then click on ‘Take out’

3. Enter the amount you want to withdraw and click on ‘Submit’

4. The amount will be credited in your given bank account within 3 days.

If you are using an updated version of Upstox app:

1. Login in the Upstox app using 6-digit PIN

2. Click on ‘Accounts’ and then click on ‘Rewards’

3. Then click on ‘Withdrawable Rewards’

4. You can see the amount available, total rewards

5. Then after being redirected to the ‘Withdraw Rewards’ screen, you have to enter the amount you want to withdraw and click on ‘Continue’

6.You will be redirected to the confirmation screen, then click on ‘Confirm withdrawal’

7. Money will be credited to your bank account within 3 working days.

Upstox customer care

While applying for the Upstox refer and earn program, if you face any issue then you can contact the Upstox team.

Email:     [email protected]

Number: 91-22-6130-9999


Upstox is a safe and trusted stockbroker. It is also backed by reputed investors as we have discussed earlier in this article.

It’s a fantastic experience trading on Upstox as it is easy, fast and flexible. Also, the referral program is an added bonus for those who want to earn money by referring Upstox to your friends.

Also Read : Online Earning Apps For Students, How To Make Money Blogging, How to create a micro niche Blog

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