https://v2.webnotes.in/tags/programme/Recent content in Programme on WebNotesHugoen-INWed, 20 May 2026 00:00:00 +0000https://v2.webnotes.in/zerodha-referral-program-discontinued/Wed, 20 May 2026 00:00:00 +0000https://v2.webnotes.in/zerodha-referral-program-discontinued/<p>The <strong>Zerodha referral program</strong> historically allowed existing clients to earn a referral payment for each successful new account opened via their referral link. Following SEBI&rsquo;s 2024 framework on broker referrals (related to the <a href="https://v2.webnotes.in/finfluencer-sebi-ban-impact-zerodha-referrals/">finfluencer ban</a> ), the program was discontinued or significantly restructured.</p> <h2 id="historical-program">Historical program</h2> <p>Pre-2024, Zerodha&rsquo;s referral program worked roughly as follows:</p> <table> <thead> <tr> <th>Feature</th> <th>Detail</th> </tr> </thead> <tbody> <tr> <td>Eligible referrer</td> <td>Existing Zerodha client</td> </tr> <tr> <td>Eligible referee</td> <td>New customer opening a Zerodha account</td> </tr> <tr> <td>Compensation</td> <td>A percentage of the new client&rsquo;s brokerage (revenue share) or a fixed amount</td> </tr> <tr> <td>Duration</td> <td>First year or life of the new account (varied)</td> </tr> <tr> <td>Tracking</td> <td>Via personal referral link on Console</td> </tr> </tbody> </table> <p>Many existing clients earned modest referral income over years; some influencer-style users (and external finfluencers) earned more significantly.</p>