Demat Account Refer & Earn: earn for every approved account
Millions of Indians are opening their first demat account. Share a broker's official account-opening link through Earn MUFAD and earn a commission each time an account you referred is approved. It costs you nothing to start.
- ₹0 to join, no target to start
- Your own tracking link for every broker campaign
- See each stage: Account Opened, Ready to Trade, First Trade
How to earn from demat account referrals
- Step 1
Join and get verified
Register free with Aadhaar, PAN and a selfie. After KYC approval you get your Agent ID.
- Step 2
Share a demat account campaign
Request the campaign in the app, then share your personal tracking link with people who need it.
- Step 3
Earn on approval
The customer applies directly with the partner. When the result is approved, the commission is credited to your wallet.
Why customers say yes
- A free or low-cost demat and trading account, opened online in minutes
- Paperless eKYC with Aadhaar and PAN
- The broker's own app to invest in stocks, IPOs, ETFs and mutual funds
Who to share it with
- Friends and family who want to start investing
- Students and young earners after their first salary
- WhatsApp, Telegram and Facebook groups about stocks and IPOs
- Shop customers, colleagues and your local community
What the customer keeps ready
- PAN card
- Aadhaar linked to a mobile number (for eSign)
- Bank account details
- A selfie and signature (taken in the broker's app)
When is a lead approved?
Each broker campaign has its own rule, shown in the app before you share. A common rule is that the account must be opened and the customer must complete a first trade or add funds. Until then you see a pending stage such as "Account Opened" or "Ready to Trade".
Pending stages never move money. Your wallet is credited once, only when the lead is Approved.
Get more approvals, the right way
Explain that account opening is done on the broker's own website or app, so the customer's data goes directly to the broker.
Help the customer finish eKYC and eSign in one sitting; most drop-offs happen at this step.
Remind them about the first trade or first fund transfer if the campaign needs it.
Never ask for the customer's OTP, password or money. They apply themselves.
डीमैट अकाउंट से कमाई कैसे करें?
Earn MUFAD पर फ्री में रजिस्टर करें, डीमैट अकाउंट कैंपेन चुनें और अपना लिंक दोस्तों, परिवार या WhatsApp ग्रुप में शेयर करें। ग्राहक ब्रोकर की आधिकारिक साइट पर खुद अकाउंट खोलता है। अकाउंट अप्रूव होते ही कमीशन आपके वॉलेट में आता है और आप UPI से निकाल सकते हैं। एक भी रुपया लगाने की ज़रूरत नहीं है।
Demat Account refer & earn: questions
Can I really earn money by opening demat accounts?
Yes. Brokers pay for new customers. Through Earn MUFAD you share the broker's official link, and when an account you referred meets the campaign's rule (for example opened and first trade done) a commission is credited to your wallet.
Do I need a SEBI licence or a sub-broker registration?
No. You are not giving investment advice or handling money. You only share the broker's official account-opening link, and the customer opens the account directly with the broker.
How much commission do I get per demat account?
It depends on the broker campaign and can change over time. The exact amount for you is shown on each campaign in the app before you start sharing.
Why is my lead showing Ready to Trade and not Approved?
Many broker campaigns pay only after the customer's first trade. Ready to Trade means the account is open but the payment condition is not met yet. Once the broker confirms, the status becomes Approved and the amount is credited.
Which brokers can I refer?
The live list changes as partners run campaigns. Log in to see every demat campaign that is open for you right now.
Start earning from demat account referrals
Register free in a few minutes from your phone. No joining fee, no targets to start.