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How to withdraw referral earnings?

According to the exchange circular (PDF), beginning August 15, 2024, brokers are prohibited from paying referral commissions to individuals not registered as an Authorised Person (AP). As a result, Zerodha will not be permitted to pay the 10% brokerage generated by referrals through the referral programme from August 25, 2024, until the exchange provides further clarification. However, 300 reward points will still be given for each successful referral.

To withdraw the referral earnings, login to Console, and follow these steps:

  1. Click on the Client ID.
  2. Click on Rewards & referrals.
  3. Click on Withdraw.
  4. Click on Confirm.

For the withdrawal request to be processed, withdrawal earnings of ₹1,000 in the referral wallet are required. To learn more about the referral wallet, see How does the referral wallet work?

Reward points can only be used to subscribe to Zerodha partner products and are non refundable. The reward points required for each partner product can be viewed under Rewards by logging into console.zerodha.com/refer. The withdrawal request is processed within 10 working days.

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