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Refer & Earn

Refer & Earn on Dhan
You get 20% of brokerage when friends trade.
For a lifetime!

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App Rating

4.5

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App Downloads

3Mn +


How does
Dhan Referral Program Work?


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Earn every time your
friend trades!

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Receive daily credit for
referral

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Withdraw earnings
directly to Bank

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Share your QR code to refer
friends easily

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See how many of your
contacts are on Dhan

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Earn referral rewards
for life!

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Introduce your Friend to Dhan

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Frequently Asked Questions

Questions on your mind? Don't worry we have the answers!


You can refer your friends by sharing your referral link or referral code with them.
You can also get your friends to scan your personalised referral QR code & follow the link to open their Dhan account.

The link, code and QR code are available on the "Refer and Earn" page of any Dhan platform. To go to this section follow the below steps:

1. Login on Dhan App or Web.
2. Click on your profile.
3. Tap on "Refer and Earn".

Please note that for a successful referral, your friend must use the link to open the account OR enter your referral code during registration with Dhan.

Yes, Options Trader app is a safe platform that is regulated by SEBI. It uses the latest security principles to ensure that user data is safe and secure at all times. Furthermore, the brokerage fees and other charges are transparent and always visible via the TXN Estimator.

Every time the friend you invited trades, you earn 20% of the brokerage paid by them. For life time!

For example -
Say you referred friend X. He traded on Dhan yesterday and generated a brokerage of Rs 20. On the next day you will receive brokerage credit of Rs 4 (20 X 20%).These rewards will be credited to your Dhan account in the 'Amount Earned' section of the referral page.

In the case of Dhan, unlike many other stock brokers, we do not give you brokerage credits. The reward on Dhan is money for referral, and the same is transferred to your bank account once you place the withdrawal request from the refer and earn section.

In order to withdraw, you must have placed at least one trade with Dhan and have Rs 100 accumulated in your Refer & Earn section.

In the "Refer and Earn" page of Dhan App or Web, you can see the amount of earnings that are available for withdrawal. Withdrawable earnings are accumulated earnings less earnings withdrawn.

You can click on "Withdraw to bank" and transfer of these earnings to your bank account will be initiated. The amount will be credited to your bank account by the next working day

On the "Refer and Earn" page of Dhan App, in the section titled "My Friends and Contacts" you can tap on "Referred by me" to view the list of friends you have invited on Dhan. Please note the list only contains friends who have registered at least their mobile number with Dhan, using your referral link.

On the "Refer and Earn page", in the section titled "My Friends and Contacts", you can tap on "Joined, not invested". Remind!" to see your friends that have initiated KYC or have opened their account, but not yet traded. Click on the Remind button to send a pre-made whatsapp message to your friend.

When you share the unique referral link or code, you need to ensure that your friend uses this referral code to sign up. If not, your friend's account will not have you mapped as a referrer.

In case your friend has used any other person's referral code or clicked on any other person's referral link instead of yours, then in that case the one who introduces your friend originally will be receiving the reward for that friend, and not you.

As a referee, when you first register on Dhan, during the onboarding process you will be shown who's referral link or code you have used to register your account. This is the friend your account is mapped to you and the person who will receive referral rewards every time you trade.

This mapping remains the same even after your onboarding journey is complete. Therefore, once your Dhan account is activated, this information is not displayed again. In such cases you can reach out to us at help@dhan.co and will reiterate for you, who you are mapped to.

Once you click on a referral link and start your onboarding journey, a screen is displayed after your mobile pin is set. This screen shows who referred you. There is an option at the bottom of the screen to edit and change the referral code. After you update this code and proceed, your account will permanently be mapped to this referrer and cannot be changed again.

Once you proceed from the referral section in your onboarding journey, your referral code, if any, is permanently mapped and cannot be changed.

This means that even when your account is activated, you cannot add a new referral code or change the current referrer that you are mapped to.

Referral reward can be withdrawn only when the accumulated balance is at least INR 100. Additionally, you need to place at least one trade on Dhan to withdraw your referral earnings.

Therefore, to withdraw referral earnings, you must ensure that you have traded on Dhan and your earnings exceed INR 100.

Referral rewards on Dhan are not subject to any limitations. You may refer any amount of people and earn any amount of rewards. We do not have restrictions in this regard.




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Platform That's #MadeForTrade

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*All securities mentioned on this website are exemplary and not recommendatory.

We are bullish on India, we are bullish on India's prospects to be one of the largest economies in the world. We believe that the stock market provides a unique opportunity for all of India's traders and investors to participate in the growth story of the country.

Yet, most investing & trading platforms in India have remained more or less the same over the past decade. Times have changed and retail traders and investors have become smarter about managing their trades and money. Modern traders & investors require an online trading platform that helps them keep up with the technological advancements of our time.

That's why we're building Dhan - to help you trade, to help you invest, and to help you participate in India's growth stock via the stock market with awesome features and an incredible experience.

©2021-2024 Moneylicious Securities Private Limited. All rights reserved. CIN - U74999WB2012PTC184187 Moneylicious Securities is part of Raise Financial Services.

SEBI Stock Broker Registration No: INZ000006031 | Depository Participant (CDSL) ID: IN-DP-289-2016
Exchange Membership No. : NSE: 90133 | BSE: 6593 | MCX: 56320
Registered Office: Office No. 14D, 4th Floor, Shri Krishna Chambers, 78, Bentick Street, Kolkata - 700001, West Bengal, India.
Corporate Office: A-302, The Western Edge I, Off Western Express Highway, Borivali East, Mumbai - 400066, Maharashtra, India. Land Line: 022-43116666.


For any query / feedback / clarifications, email at help@dhan.co.

In case of grievances for any of the services rendered by Moneylicious Securities Private Limited, please write to grievance@dhan.co (for NSE, BSE and MCX) or grievancedp@dhan.co (for Depository Participant). Please ensure that you carefully read the Risk Disclosure Document as prescribed by SEBI, our Terms of Use and Privacy Policy. Compliance Officer: Mr. Manish Garg and Mobile: 8655740961 Email: complianceofficer@dhan.co To lodge your complaints using SEBI SCORES, click here.


Procedure to file a complaint on SEBI SCORES: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances


Disclaimer: Investment in the securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed the SEBI prescribed limit


Attention investors:

  1. Stock brokers can accept securities as margins from clients only by way of pledge in the depository system w.e.f September 01, 2020.
  2. Update your e-mail and phone number with your stock broker / depository participant and receive OTP directly from depository on your e-mail and/or mobile number to create pledge.
  3. Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month.

Note: As a policy we do not give stock tips or recommendations and have not authorized anyone to give this on behalf of us. If you know anyone claiming to be a part of Dhan / Moneylicious / Raise or our associate companies or partners and offering such services, please report us on help@dhan.co. Important Information for Investors: To prevent unauthorized transactions in your trading / demat account, do not share your account details, credentials or any personal details with anyone. Keep your mobile number updated with your Stock Broker, Depository Participant and ensure that the same is registered with Stock Exchanges, Depository and KRAs. You will receive alerts and information on your registered mobile number / email for debit and other important transactions in your demat account directly from CDSL / Exchange on the same day. KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Stock Broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. This is issued in the interest of investors.


Moneylicious Securities Private Limited also known as Dhan is only an order collection platform that collects orders on behalf of clients and places them on BSE StarMF for execution. Client expressly agrees that Dhan is not liable or responsible and does not represent or warrant any damages regarding non- execution of orders or any incorrect execution of orders with regard to the funds chosen by the client or due to, but not being limited to, any link/system failure, delay in transfer of the funds on account of any unforeseen circumstances/issues in the banking system/payment aggregators or any other problems that may result in a delay in crediting the funds into the BSE Star MF's bank account.


Mutual fund investments are subject to market risks, read all scheme related documents carefully before investing. Dhan is not a distributor or agent of any mutual fund. Mutual Funds are not exchange-traded products. Any related disputes will not have access to the Exchange-investor redressal forum or arbitration mechanism. For other disclaimers please refer https://dhan.co/advertisement-disclaimer/


Download client registration documents (Rights & Obligations, Risk Disclosure Document, Do's & Don'ts) in vernacular language: BSE | NSE | MCX


Kindly, read the Advisory Guidelines of BSE | NSE | MCX for investors as prescribed by the exchange with reference to their circular dated 27th August, 2021 regarding investor awareness and safeguarding client's assets


Important Links: SEBI | BSE | NSE | MCX | CDSL | SCORES | ODR Portal | Investor Charter for Stock Brokers | Investor Charter for DP | UCC Advisory | e-Voting for Shareholders

Important Information: Terms of Usage | Disclaimers | Privacy Policy | Grievances | Risk Management Policy | Risk Disclosure | Advertisement Disclaimer

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