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Looking to boost your finances while helping your friends? The Upstox "Refer & Earn" program could be your answer! Share the power of Upstox, India's leading discount broker, and get rewarded for each friend who joins the platform. In this two-part program, you'll not only introduce your friends to a seamless investing experience with Upstox advanced tools and competitive brokerage fees, but you will also earn exciting rewards for doing so. It's a win-win situation!

Ready to unlock exclusive benefits and watch your earnings grow? Keep reading to discover how the Upstox "Refer & Earn" program works and how you can start earning rewards today!

What is Upstox ?

Upstox is an online discount broker based in India, offering a platform for individuals to trade and invest in various financial instruments like stocks, equities, derivatives, mutual funds, and commodities. They are known for their user-friendly interface, competitive brokerage fees, and focus on technology.

Here's a quick breakdown of what Upstox offers:

  • Trading platform: Upstox provides both a web-based platform and mobile apps for seamless trading on the go.

  • Investment options: You can invest in a wide range of assets, including equities, derivatives, mutual funds, and commodities.

  • Brokerage fees: Upstox offers flat-fee brokerage plans, making it cost-effective for both beginners and experienced investors.

  • Technology focus: Upstox constantly innovates its platform with advanced tools and features to enhance your trading experience.

  • Safety and security: They are regulated by SEBI Securities and Exchange Board of India and offer various security features to protect your funds and data.

It's important to remember that Upstox is just one of many online brokers available. Before making any investment decisions, it's crucial to research and compare different options to find one that best suits your needs and risk tolerance.

What is Upstox Refer & Earn?

Upstox Refer & Earn is a program that incentivizes existing Upstox users to spread the word about the platform by referring their friends and family. For each successful referral, you'll earn a reward, which can be in the form of flat cash or brokerage credits.

How Does it Work?

  1. Sign up for an Upstox account if you haven't already.

  2. Generate your unique referral link from your Upstox dashboard.

  3. Share your referral link with your friends and family through social media, email, or text message.

  4. When your friends sign up for Upstox using your link, complete their account opening, and place their first trade within 30 days, you'll receive your reward.

What are the Rewards?

Upstox referral programs seems to offer a dynamic reward ranging from ₹200 to ₹1200, but it's important to remember that this can change over time. So, while the exact amount might vary, the program still presents an opportunity to earn some cash by referring friends to the platform.

How to Maximize Your Earnings:

  • Target the right audience: Share your referral link with friends and family who are interested in investing.

  • Promote the benefits of Upstox: Highlight the platform's user-friendly interface, competitive fees, and wide range of investment options.

  • Track your referrals: Use the Upstox dashboard to track your referral progress and see how close you are to earning your rewards.

  • Promote consistently: Regularly share your referral link and remind your friends about the program.

Here's a breakdown of the key points you mentioned and some additional thoughts:

Rewards of upstox:

  • Variable amount: Between ₹200 and ₹1200, depending on the current offer. Check Upstox website for the latest details.

  • Earning potential: It's possible to earn decent rewards, especially if you refer to multiple friends.

Upstox benefits:

  • Fast and reliable platform: Upstox is known for its user-friendly interface and smooth trading experience.

  • Paperless account opening: Convenient and hassle-free way to get started.

  • Free Demat + Trading account: No account maintenance fees.

  • Free equity delivery trades: Save on trading costs.

  • Additional features: Unlimited brokerage credit, interest on trading funds, and Smart Transfer for easy fund transfers.


The Upstox referral program could be a good way to earn some extra money while introducing your friends to a potentially valuable investment platform. However, it's important to consider all the factors before participating:

  • Understand the risks involved in investing: Make sure your friends are aware of the potential risks before they start trading.

  • Review Upstox's terms and conditions: Ensure you and your friends comply with all program rules.

  • Don't solely rely on referral rewards: Consider your friends' financial goals and risk tolerance before recommending Upstox.

Remember, responsible investing is crucial. If you decide to participate in the program, share your referral link thoughtfully and encourage your friends to do their own research before making any investment decisions.

How to refer and earn in Myntra:

   Open the Myntra app.
  Go to the "Account" section.
  Click on the "Refer & Earn" option.
  Share your referral link with friends.
  Earn rewards when they make a purchase using your link.

How to refer and earn in Amazon Pay:

    Open the Amazon app.
    Go to the Amazon Pay section.
    Look for the "Refer & Earn" option.
  Share your referral link with friends.
  Earn rewards when they sign up or make transactions.

Where is refer and earn in Myntra:

The refer and earn option can be found in the "Account" section of the Myntra app.

Which app is best for refer and earn:

There are several apps offering referral and earn programs, including Upstox, Amazon Pay, and Myntra. The best app depends on individual preferences and requirements.

Upstox refer and earn how much money:

The amount of money you can earn through Upstox's refer and earn program varies based on the current promotion. Check the terms and conditions for details.

How to refer and earn in PhonePe:

 Open the PhonePe app.
Go to the "Refer & Earn" section.
Share your referral link with friends.
Earn rewards when they sign up and complete transactions.

How to refer and earn in Paytm:

Open the Paytm app.
Look for the "Refer & Earn" option.
Share your referral code or link.
Earn rewards when your referrals sign up and use Paytm services.

Which app gives highest refer and earn:

The app offering the highest refer and earn rewards may vary. It's recommended to check the current promotions and terms of each app.

How to refer and earn:

Generally, you need to share your referral link or code with others. When they sign up or perform specified actions, you earn rewards.

Zerodha refer and earn how much money:

Zerodha refer and earn program offers rewards for successful referrals. Check their website or app for the current reward details.

Upstox Refer and Earn lets you earn cash when friends open accounts and trade, but do not expect riches. Rewards are capped, limited to new users, and require effort to promote. It's a fun way to earn some extra cash if you have a network of potential users, but not a serious income source. Consider your goals and explore alternatives before diving in.

FAQ About Upstox Referral Program :

Q: Is Upstox owned by Tata?

A: Upstox, the discount broking company, is backed by Ratan Tata along with investor giant Tiger Global. The company achieved breakeven in FY 2022-23 and is aiming for a substantial increase in its customer base to 10 crore in the next 5-6 years, as stated by its co-founder and CEO Rajiv Kumar.

Q: Which is better, Zerodha or Upstox?

A:  Both Zerodha and Upstox have an overall rating of 4.5 out of 5. While Zerodha has a larger number of active customers compared to Upstox, the choice between the two ultimately depends on individual preferences and requirements.

Q:  What is the disadvantage of Upstox?

A: Some disadvantages of Upstox include:
  Most other brokers offer stock deliveries without brokerage fees.
  Upstox doesn't offer unlimited monthly trading plans.
  Margin funding isn't available for delivery trades.
  Upstox does not provide stock tips or recommendations.

Q: Is Upstox risky?

A: Like any investment or trading platform, there are inherent risks associated with using Upstox. It's important for users to understand these risks and make informed decisions when trading or investing.

Q:  Which broker is best for trading?

A:  The best broker for trading depends on various factors such as fees, features, customer service, and user experience. It's advisable for individuals to research and compare different brokers to find the one that suits their needs.

Q:  Who is the CEO of Upstox?

A: The CEO of Upstox is Rajiv Kumar.

Q: What is the old name of Upstox?

A: Upstox was formerly known as RKSV Securities.

Q: Which country owns Upstox?

A: Upstox is an Indian company, headquartered in Mumbai, Maharashtra.

Q: What is 3 in 1 Demat account?

A : 3-in-1 Demat account integrates a trading account, a Demat account, and a bank account. It allows seamless transfer of funds and securities between these accounts, offering convenience to the investor.

Q: Which Demat account is best?

A: The best Demat account varies depending on individual requirements such as trading preferences, fees, research tools, and customer service. It's recommended to compare different Demat accounts to find the one that suits your needs.

Q: Can I have 2 Zerodha accounts?

A:  No, Zerodha allows only one trading and one Demat account per individual. Opening multiple accounts is not permitted.