Referral payouts also cover your previously referred accounts. You'll earn 10% of any brokerage they generate from June 1st onwards, as long as you've referred at least 3 accounts in 12 months.
Starting June 1, 2026, if you refer someone who opens an account and starts trading, you'll earn 10% of the brokerage they generate, plus 300 reward points. The 300 reward points have always been part of the programme. Brokerage sharing was paused in August 2024 following an
exchange circular
and is live again.
The referral wallet tracks your earnings from the Zerodha referral programme. When the people you refer open an account and start to trade with Zerodha, you will earn 10% of the brokerage they generate, along with 300 reward points.
Zerodha updates the earnings in your referral wallet at the beginning of the following month. For example, your referral earnings for August will appear in your referral wallet during the first week of September.
Withdrawal rules
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To process your first withdrawal request, you must have a minimum of 1 successful referral and at least ₹100 in referral earnings. For example, to withdraw your first referral earnings in February, you need 1 successful referral and ₹100 in earnings by 31 January.
- You must have a minimum of 3 successful referrals in the preceding 12-month rolling period to be eligible for a payout.
- For all subsequent withdrawals, you must maintain a minimum payout amount of ₹100.
- Once you place a withdrawal request, Zerodha will credit the amount to your primary bank account within 1 to 2 working days.
- Zerodha will not allow referral payouts if your normal ledger has a debit balance.
- Zerodha deducts Tax Deduction at Source (TDS) on withdrawals. For Non-Resident Ordinary (NRO) accounts, a 39% TDS applies to the withdrawal amount. For all other accounts, a 2% TDS applies on the cumulative withdrawal amount exceeding ₹12,500.
At the end of the financial year (31 March), Zerodha automatically settles the balance in your referral wallet based on the amount:
- Balances above ₹100: Zerodha automatically transfers (force payout) the balance to your primary bank account. Zerodha reports this payout to the Income Tax Department, and it will reflect in your Form 26AS. For example, if you have ₹500 in your wallet on 31 March, Zerodha will automatically pay it out to your bank account.
- Balances of ₹100 or less: Zerodha converts the balance into double (2x) the reward points and empties the referral payout wallet. For example, if you have ₹50 in your wallet on 31 March, Zerodha will convert it into 100 reward points, and the wallet balance becomes zero.