Thinking to generate passive income through Zerodha, but don’t know how to start. Here’s the detailed guide for you.
Zerodha was established in the year 2010 by Nithin Kamath and Nikhil Kamath.
As of now, Zerodha is India’s No. 1 Brokerage organization with 7.5 million+ dynamic clients till November 2020.
Their customers add to over 15% of all retail request volumes by exchanging and putting resources into Futures and Options, Commodity subordinates, Currency subsidiaries, Stocks and IPOs, Direct shared assets, Bonds and Govt. Protections.
- India’s #1 Brokerage company Zerodha awarded as Economic Times Startup of the Year – 2020
- NSE, BSE, MCX – Best Retail Brokerage award consecutively from 2018 – 2020.
- Kite – Trading Platform
- Console – You can gain insights into your trades and investments with in-depth reports and visualisations
- Coin – Buy direct mutual funds online with commission-free, delivered directly to your Demat account
- Kite Connect API – You can assemble incredible exchanging stages and encounters with our very straightforward HTTP/JSON APIs.
- Varsity mobile – Collection of Stock Market lessons with in-depth coverage and graphics.
Once you open an account with Zerodha, then you can generate passive income from the Zerodha Demat account.
Steps to Start Generating Passive Income through Zerodha
Once you complete the account opening process, you will get the Zerodha ID.
Then you can refer your friends to Zerodha and once your friend’s account is activated, then he/she starts trading.
Let’s say if your friend pays Rs. 1000 brokerage commission to Zerodha, then you will be getting 10% commission until your friend is with Zerodha, and you will also get 300 reward points for each referral.
You can redeem the reward points to gain access to various tools and platforms in Zerodha.
If you’re interested to open your DEMAT Account with Zerodha, here is the Direct Account opening link
Below is the average brokerage commission chart for your reference.
|MONTH||NO. OF REFERRAL||AVG. BROKERAGE||COMMISSION 10%||COMMISSION IN A YEAR|
|1||5||Rs. 1000||Rs. 100s||Rs. 1200|
|2||10||Rs. 2000||Rs. 200||Rs. 2400|
|3||20||Rs. 4000||Rs. 400||Rs. 4800|
|4||30||Rs. 5000||Rs. 500||Rs. 6000|
|5||40||Rs. 6000||Rs. 600||Rs. 7200|
|6||50||Rs. 7000||Rs. 700||Rs. 8400|
|7||60||Rs. 8000||Rs. 800||Rs. 9600|
|8||70||Rs. 9000||Rs. 900||Rs. 10800|
|9||80||Rs. 10000||Rs. 1000||Rs. 12000|
|10||90||Rs. 11000||Rs. 1100||Rs. 13200|
|11||100||Rs. 12000||Rs. 1200||Rs. 14400|
|12||110||Rs. 13000||Rs. 1300||Rs. 15600|
Note: This brokerage is calculated on an average in a year and also the brokerage commission will vary depending on the trading done by your friend.
The base payout under this program must be Rs.1000, and you need to have a minimum of 5 referrals, for you to have the option to pull out your referrals income.
The more people you refer to Zerodha, the more chances of earning.
NOTE: No other brokerage companies have these benefits, only Zerodha provides these benefits. Here are the terms and conditions for the referral program.
We recommend you open an account with Zerodha and start generating passive income through referral without any investment.
You can go through the Zerodha review 2021 here.
That’s it in a nutshell. These are valuable focuses for easy revenue. I hope you find this article useful.