Upstox Refer and Earn 2023: Earn Upto 500/Refer

If you are looking for a way to earn money by referring apps to your friends and family, Upstox Refer and Earn program might be a great option for you. Upstox is a popular online discount brokerage firm that offers a wide range of investment options, including stocks, mutual funds, derivatives, and more.

Upstox Refer and Earn is a program that allows you to earn money by referring your friends and family members to Upstox. When you refer someone to Upstox, and they sign up for an account using your referral link, you earn a commission. The commission amount varies depending on the offer running at the time.

In this guide, we will take a closer look at the Upstox referral program, how it works, and how you can earn money by referring your friends to Upstox.

What is upstox app?

Upstox Refer and Earn

The Upstox App is a mobile application that allows you to invest your money in Share Market, Mutual Funds, and Commodities. If you’re interested in the stock market, you can easily buy and sell shares of any company through the Upstox App. Nowadays, Upstox App is a popular application used for trading in the stock market in India.

Upstox is a discount broker in India that offers investors the convenience of opening a Demat account at a very low cost. Additionally, Upstox provides investment advice to investors and organizations in the stock market.

Upstox was founded in 2009 and its owners are Raghunandan Kumar and Ravi Kumar. India’s biggest businessman, Mr. Ratan Tata, had invested in Upstox 

On Google Play Store, Upstox has over 100 million downloads and has a rating of 4.6 stars, which has been rated by more than 500,000 people. From this, you can estimate that Upstox App is a trustworthy application.

Uptox App Download Process

To download the upstox app on your phone follow the steps given below:

Step 1. First Click on the Download Upstox button.

Step 2. Then, it will redirect you to the Play Store.

Step 3. After that, you have to click on the install button.

Step 4. Then you have to wait sometime until the app is not downloaded.

How to open a demat account on Upstox?

To trade in the stock market and earn money using the Upstox App, you need to open a Demat account. Opening a Demat account is very easy even for smartphone users. To open a Demat account on the Upstox App, you need to follow the steps below:

Step 1– First, download the Upstox App using the link provided below and install it on your device. After opening the App, click on “Create a New Account”.

Step 2– Enter your mobile number and email ID and click on the option “Send OTP”. After this, an OTP will be sent to the mobile number you entered. Enter the OTP and register on the Upstox App.

Step 3– After verifying your mobile number and email address, enter your PAN card number and date of birth and click on “Continue”.

Step 4– In this step, enter your personal details (such as gender, marital status, annual income, trading experience, and occupation). Fill in this information and accept the Terms and Conditions.

Step 5– In the new window, confirm your address. Then, three options will appear on the screen (Equity, Future and Option, and Commodity). Click on the Equity option.

Step 6– Enter your bank account details and click on the Next option.

Step 7– Upload a photo of your signature on white paper.

Step 8– In the next step, upload a selfie and complete the registration process.

Step 9– Now you need to verify your email ID.

Step 10 – Finally, you need to click on the option to connect your Digilocker with Upstox and enter your Aadhaar card number. After this, you will receive an OTP on your registered mobile number linked with your Aadhaar. Enter the OTP to verify it.

Now the process of opening your account is complete. Within 1-2 days, your username and password will be sent to your email ID, which you can use to log in to the Upstox app.

Documents required to open a Demat account 

To open a Demat Account on the Upstox App, you will need the following documents:

  • PAN card
  • Aadhaar card
  • Bank statement (of the last 1 year)
  • A selfie.

How does Upstox Refer and Earn work?

To participate in Upstox Refer and Earn, you need to follow these steps:

  1. Sign up for a Upstox account if you don’t have one already.
  2. Go to the ‘Refer and Earn’ section on the Upstox website or app.
  3. Generate your unique referral link and share it with your friends and family members.
  4. When someone signs up for Upstox using your referral link and completes the account opening process, you earn a commission.
  5. You can track your referrals and earnings in the ‘Refer and Earn’ section of your Upstox account.

Tips for maximizing your earnings through Upstox Refer and Earn

Here are a few tips to help you maximize your earnings through Upstox Refer and Earn:

  1. Share your referral link with as many people as possible. The more people you refer, the more you can earn.
  2. Promote Upstox on social media platforms like Facebook, Twitter, and Instagram.
  3. Encourage your referrals to trade on Upstox. Upstox pays a higher commission for referrals who trade frequently.
  4. Keep track of Upstox’s promotional offers and share them with your referrals.

Also Look: mCash Referral Code 2023 | Earn Rs 50/Daily with mCash

How to earn using upstox.

Steps to buy and sell shares in Upstox:-

To start buying and selling shares on Upstox App, you first need to create your watchlist by adding your preferred company’s shares. To buy any share, you can directly click on the Buy option, and if you want to sell any share, you can click on the Sell option.

The interface of Upstox is user-friendly, so you will not face any issues while buying or selling shares.

How to Make Money on Upstox App

If you have read the article so far, you must have understood what Upstox App is. Let’s take a look at some popular ways to make money on Upstox App.

1- Earn money by buying or selling shares

If you are interested in the share market and have good knowledge of shares, you can earn good money by buying and selling shares on the Upstox App. Before buying any company’s share, you need to gather all the information about the company. Only then should you invest in any share. If you invest in good companies’ shares, you can get good returns.

2- Earn money by investing in Mutual Funds.

If you do not have good knowledge of the share market but want to earn returns by investing in the share market, then Mutual Funds are the best option. Here you can invest in Mutual Funds through SIP or Lumpsum. In Mutual Funds, your money is invested in many different companies shares, so the risk is divided, and you can earn good returns.

How to withdraw money from the Upstox App?

When you earn a profit by buying shares, you can transfer the money directly to your bank account from Upstox. To withdraw money from the Upstox App, you need to follow these steps:

Step 1. First, click on the “Fund” option.

Step 2. Then click on the “Withdraw Funds” option.

Step 3. Now enter the amount you want to withdraw and click on the “Withdraw” option.

The withdrawn amount will be credited to your registered bank account within 2 days.

Why Use Upstox App?

There are several reasons why you should consider using the Upstox app for trading and investing in the Indian stock market. Here are a few of them:

User-friendly interface: The Upstox app is easy to use and navigate, even for beginners. It has a simple and intuitive interface that makes it easy to execute trades and monitor your portfolio.

Advanced charting tools: The app comes with advanced charting tools that allow you to analyze market trends, identify trading opportunities, and make informed decisions.

Real-time market data: With the Upstox app, you can access real-time market data, news, and research reports that can help you stay ahead of the curve.

Secure and reliable: The Upstox app is secure and reliable, with advanced security features that ensure the safety of your personal and financial information.

How to contact Upstox App?

If you face any problem with the Upstox App, you can contact the Upstox team using the following methods:

Email ID –

Customer Care Number – +91-2261309999 / +91 -2226544100.


Q- How much does a demat account cost on Upstox App?

You do not need to pay any charges to open a demat account on Upstox App.

Q- How much money can you earn by referring Upstox App?

You can earn Rs. 1000 for each successful referral to Upstox App.

Q- What is the customer care number of Upstox App?

The customer care number of the Upstox App is +91-2261309999 / +91 -2226544100.

Q- Which country’s app is Upstox?

Upstox is a trading app in India that was founded by Raghunandan and Ravi Kumar in 2009.


Upstox Refer and Earn is an excellent way to earn some extra cash. By referring your friends and family members to Upstox, you can earn a commission for each successful referral.

However, it’s important to keep in mind that the commission amount can change, and there are certain eligibility criteria you need to meet. By following the tips we discussed, you can maximize your earnings through Upstox Refer and Earn

In the end, we request you to share this article with your friends on social media if you liked the information about Upstox App.

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