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AngelOne logo ₹300 flat, no brokerage share

AngelOne Referral Code

₹300 per referral — brokerage sharing ended in 2024

Angel One is one of India's largest retail brokers. Its referral pays a flat ₹300 per successful signup, having stopped sharing brokerage revenue with referrers on 1 September 2024 under an NSE circular.

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Updated 2 days ago Works in India Free Signup
₹300OFF
82 Active Codes
₹300 Max Reward
India Available In
Web, Android, iOS Platform

Genie Says

Angel One pays a flat ₹300 per successful referral, having stopped sharing brokerage revenue with referrers on 1 September 2024 after an NSE circular barred paying referral commission to non-Authorised Persons. Zerodha ended its equivalent 10% share days earlier, and most leading brokers followed.

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How much can you earn?

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₹300 per successful referral signup — a flat amount, not a share of brokerageper successful referral*

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Have your own code? Add it here and earn rewards

How to Use an AngelOne Referral Code

Share your Angel One referral

The reward is a flat ₹300 per successful signup rather than a share of anything your friend generates.

Friend opens an account

They must complete account opening as a new client, including KYC.

Activation conditions still apply

Brokers set their own activation requirements on top of the regulatory position — an unfunded, untraded account is the usual reason a referral stalls.

₹300 is credited

Flat and one-off. The brokerage revenue share that used to sit alongside it ended on 1 September 2024.

Reward Details

Your Reward
Account opening benefits per the offer running at the time
Referrer Reward
₹300 per successful referral signup — a flat amount, not a share of brokerage
Minimum Purchase
The referred client must complete account opening including KYC
Validity
Brokerage revenue sharing with referrers ended on 1 September 2024
Available In
India
Referral Limit
No published cap on the number of referrals
Payout Time
After the referred account is successfully opened and activated
Eligibility
A share of brokerage can only be paid to a registered Authorised Person appointed with prior exchange approval

Why Choose AngelOne?

Brokerage sharing ended 1 September 2024

Following the NSE circular of 14 August 2024 barring referral commission to anyone who is not a registered Authorised Person.

A sector-wide change, not an Angel One one

Zerodha stopped its 10% share on 25 August 2024 and most leading brokers followed. New-age brokers had been acquiring 10–25% of customers this way.

Any "% of brokerage" offer is stale

Unless it describes a formal Authorised Person appointment, a percentage offer in this category is out of date.

About AngelOne

Angel One's referral is now a straightforward flat payment. It was not always, and the change happened on a specific date for a specific reason that no listing site mentions.

Angel One pays ₹300 for each successful referral signup. It is a flat amount, and it replaced something structurally different.

Until autumn 2024, Angel One shared a portion of its brokerage revenue with clients who referred others. That arrangement ended on 1 September 2024, following an NSE circular dated 14 August 2024 which prohibited brokers from paying referral commission to anyone not registered as an Authorised Person of the trading member, appointed with prior approval from the exchange.

Angel One was not alone and was not first — Zerodha stopped its equivalent 10% brokerage share from 25 August 2024, and most leading brokerages discontinued paying referral incentives around the same time. The impact on the industry was significant: new-age brokers had been acquiring somewhere between 10% and 25% of their customers through referrals, so the rule removed a primary growth channel across the sector in a matter of weeks.

The distinction that survived is worth understanding if you are comparing brokers. A flat signup reward is still permitted. A share of the revenue your referral generates is not, unless you hold a formal Authorised Person appointment. So any current offer promising you a percentage of a friend's brokerage is either out of date or describing an AP arrangement rather than an ordinary referral.

For a referral to qualify, the person you refer needs to complete account opening as a new client, including KYC. As with every broker in this category, opening an account and never funding or trading it is the usual reason a referral stalls — check the current conditions in the app, since brokers set their own activation requirements on top of the regulatory position.

The usual caveat belongs here too: ₹300 is not a reason for anyone to open a trading account. Brokerage rates, platform reliability and whether trading suits them at all matter enormously more.

Frequently Asked Questions

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