15+ Best Refer and Earn Apps Without Investment
Refer and earn is a marketing type that brands run to acquire customers. However, you can make some money by referring to the app. You just need your smartphone, internet connection, and a friend or family member with the same thing.
In this article, we have listed 15+ Best Refer and Earn Apps without Investment.
In short, if you are a student, it’s an excellent way to earn cash through your smartphone.
Although all the apps have terms and conditions for their referral programs, these apps also give some tasks before giving cash rewards.
What is Refer and Earn
Refer and earn is a type of marketing used by brands to acquire customers. In this program, brands give cash rewards to a customer who has helped them find customers. It is easy as sharing your link and telling someone to download through the link.
In India, such marketing has recently occurred due to the large market and massive competition among apps.
So whichever app will benefit the customer more, the customer will choose that one. That’s also the reason why many apps have referral programs.
Steps to Earn from Refer and Earn Apps
- The first step is to download the app by yourself.
- Then enroll in refer and earn programs of the apps.
- You will get your personalized link.
- Share that link with your friends and family member.
- Once you download the app and make the complete account, you will receive cash rewards.
So that’s how you can earn from referring and earning apps.
Here is the list of apps and their reward amounts.
Refer and Earn Apps Without Investment
Here is the list of best refer and earn apps:
- Google Pay – ₹51 to ₹250
- PhonePe – ₹75 to ₹100
- Paytm – ₹100
- FamPay – ₹50 to ₹200
- BharatPe – ₹100
- CRED App – ₹250 – ₹1500
- Upstox – ₹100 to ₹400
- Groww – ₹100
- Zerodha – 10% Commission on Brokerage they Pay
- 5Paisa – ₹250 to ₹500
- Meesho – 10% Commission on their first 3 orders
- Dream11 – Upto ₹500
- MPL – Upto ₹200
- My11Circle – ₹551
- CoinSwitch Kuber App – ₹50 to ₹100
- CoinDCX – ₹50 – ₹250
These apps frequently change their referral programs; therefore, check before applying.
15+ Best Refer and Earn Apps Without Investment
Below are the apps that provide cash or monetary rewards for referring others. The best part is that many apps below reward those downloading from the link; it is a win-win situation for both parties.
1. Google Pay
Google Pay is a UPI app; one can send and receive money, pay bills, shop online, etc. Google Pay is a recent UPI app; the app also gives coupons and rewards to people who send money or pay bills through Google Pay.
Google Pay has a clean interface, and many challenges and events are happening on Google Pay. By completing these tasks, you can receive cashback and coupons.
How to Make an Account on Google Pay –
- Download the Google Pay App and Sign up
- Link your Bank Account
- Add your Debit Card
- Activate Your UPI ID
Referral Rewards – Rs 51 to Rs 250
Your friend will also get Rs 21 if he downloads from your link.
Steps to getting referral rewards
- Open GooglePay, go to your Profile
- On your profile, you’ll see your referral code and link
- Send the link to a friend
- Make sure he hasn’t downloaded GooglePay.
- Ask him to use your referral code and make an account on GooglePay
- That’s it; after he/she links his/her bank account and makes his payment, you both will get rewards.
$This is an affiliate link
2. PhonePe
PhonePe is also a UPI app that helps send and receive money, pay bills, book tickets, shop online, etc. PhonePe has a vast merchant network and almost 20 crore+ users, which makes it one of the biggest payment apps.
PhonePe includes various services; you can also invest in stocks, mutual funds, gold, etc. PhonePe has also started offering insurance and has a range of services.
How to Make an Account on PhonePe
- Download PhonePe and Sign up
- Link your bank account and add your debit card
- To access other services, you’ll need Aadhar Card, PAN Card, Driving License, Voter id, etc.
Referral Rewards – Rs 75 to Rs 100
Steps to Get Referral Rewards –
- Open PhonePe, and tap on Refer and Earn
- Send a link to your friend
- Once they download PhonePe using your link and make their first payment, you will get your referral reward.
$This is an affiliate link
3. Paytm
Paytm is one of the earliest UPI apps in India; they provide the same services of sending and receiving money as other apps. They offer rewards, cash back, and coupons when spending money from the Paytm app.
One of the unique features of the app is that it is integrated with many government services, which make accessing government service more seamless. Paytm also has its shopping app – Paytm Mall, and its Investment app – Paytm Money.
How to Make an Account on Paytm
- Download PhonePe and sign up there.
- Use your Aadhar card, Pan Card, or Driving License to make an account on Paytm.
- You are also required to link your bank account and add a debit card.
Referral Reward – Rs 100
You can send this link and refer as many people as you want; many earned ₹1,000 – ₹3,000 just by referring friends on Paytm.
Steps to Get Referral Rewards –
- Go to PhonePe, tap on Invite
- Send that link to friends.
- Ask them to make an account through your link
- Once they made their first payment
- You’ll receive your referral reward.
$This is an affiliate link
4. FamApp by Trio
FamApp is a Neo Bank for students, teenagers, and people below 18. This app offers teenagers debit cards and accounts in a Neo Bank to make payments online and offline. This app is focused on solving the problem of teenagers needing to ask their parents to pay online.
As India is experiencing the internet revolution, teenagers are more involved in this revolution. Still, they can’t make payments online since they don’t have a bank account.
FamApp helps them by providing them a neo-bank account using their Aadhar card and guardian.
How to Make an Account on FamPay
- Download FamApp and sign up using your bank account.
- Link your Aadhar card and have a legal guardian who has Pan Card.
- Your legal guardian is anyone who has Pan Card.
- After creating an account, you will get your Neo Bank account and Debit Card.
Referral Reward – Rs 50 to Rs 250
Referral rewards are only for teenagers below 20 years; if you refer your parent or anyone who is 20+, you won’t get the reward.
Your Friend will get from Rs 50 to Rs 100
Steps to Get Referral Rewards –
- Go to FamPay, and go to your profile
- Tap on Refer and Earn
- Refer the teenager after they make an account, and you’ll receive a referral reward.
5. BharatPe
BharatPe is a UPI app for merchants; BharatPe has one of the largest retail merchant networks. Along with UPI services, it also provides small loans to merchants.
How to make an account on BharatPe and get a referral reward –
- Download BharatPe and Sign up with your phone number and email id.
- Invite your friends with your link in refer and earn tab.
- Once your friend makes an account, you’ll be rewarded.
Referral Reward – ₹100
6. Cred App
CRED has recently been popular because of its famous Rahul Dravid Ad. But CRED is mainly used for paying Credit Cards bills on time.
It also gives you CRED Points if you pay your credit card bill through the app.
How to make an account on CRED –
- Download the CRED App
- Sign up with your phone number
- Add your Credit Card if you have
Referral Reward – ₹250 – ₹1500
How to Get CRED referral reward –
CRED doesn’t have any referral code, just invite your friend through your link and ask your friend to make an account and add a credit card.
7. Upstox
Upstox is a stock trading app; with the help of this app, you can invest your money in the stock market, mutual funds, etc. Upstox is a top-rated app; since it doesn’t have any AMC – Annual Maintainance Charges, they earn from brokerage fees.
How to Make an Account on Upstox –
- You need the following documents – Aadhar Card & Pan Card
- You should have – Bank Account
- You require a Digital Signature
- Download the app, keep the document with yourself, and follow the procedure.
Referral Rewards – Rs 100 to Rs 400
Their referral system is a bit complex, but in simple words, if your friend downloaded and signed up using your link, you’ll get ₹100; now, the sign-up process is complicated. After your friend adds funds to his Upstox account and does the first trading, you’ll get ₹300.
So, in total, you’ll get ₹400
Steps to get referral rewards –
- Go to Upstox
- Go to Account > Invite Friend
- Send the link to the friend
- Ask him to download, and sign up using your link.
8. Groww
Groww is also a stock trading app that helps you invest in Mutual Funds and Commodities.
Groww app is just like Upstox, but I found Groww more user-friendly than Upstox. It provides complete information on the stock.
How to make an account on Groww –
- Download Groww App
- Sign up with your email id and phone number
- Now, make your Demat Account; you’ll require Aadhar Card and Pan Card documents.
- You should have Bank Account and Digital Signature
Referral Reward – ₹100
Steps for getting Referral Rewards –
- Open Groww app
- Go to your Account
- Tap on Invite Friend/Refer and Earn
- Send the link to your friends and family member.
- Once your friend has signed up and made a Demat account, you’ll get the reward.
9. Zerodha
Zerodha is one of the best refer and earn apps without investment. As your referral depends on commission.
Zerodha is also a stock trading app, and it is considered one of the best stock trading apps. Unlike Upstox and Groww, Zerodha has AMC fees.
How to Make an Account on Zerodha –
- The sign-up process is as easy as the regular sign-up process with a phone number and email id.
- Then, you must create a Demat Account, which requires documents like Pan Card & Aadhar Card, and you have to link your bank account.
- The last step is to give a digital signature; your form will be verified after that Demat account will be created.
Referral Reward – 10% Commission on Brokerage
Now in Zerodha, you don’t get fixed rewards; instead, you get 10%commission.
How to get referral rewards –
Share your link with your friend, and ask him to make a Demat account on Zerodha. If he or she invests in stocks, tell them or invest through Zerodha.
So, if they pay ₹5,000 as brokerage, you will receive ₹500 as a referral reward.
10. 5Paisa
5Paisa is an investing app that helps you invest in the share market, mutual funds, commodities, etc.
5Paisa also has a good customer support and a user-friendly experience.
How to make an account on 5Paisa –
- First, Sign Up with a Phone Number & Email.
- Then, Create a Demat Account
- Creating a Demat Account requires Aadhar, Pan Card, Bank Account, and Digital Signature.
- Once your form is verified, you can trade on 5Paisa.
Referral Reward – ₹250 to ₹500
How to get referral reward –
Invite your friend to 5Paisa with your invite link, ask him to sign up for 5Paisa, and make a Demat Account, a 20 Minute Process.
If he invests in stocks, ask him to invest with the 5Paisa app.
12. Meesho
Meesho is India’s fastest-growing shopping app. Meesho’s seller-friendly policy attracts sellers, and their pricing is highly affordable. Although the shopping app doesn’t give referral rewards, Meesho does, mainly to acquire customers.
That’s why instead of rewards, they give commission when a referred user places their first successful order.
How to make an account on Meesho and get a referral reward –
- Sign up in Meesho app.
- Go to the list and tap on Menu
- Then tap on Refer and Earn.
- Share the link with your first
- Once they place the order, you’ll receive a commission.
Referral Reward – 10% Commission on the first three orders.
$This is an affiliate link
13. Dream11
Dream 11 is one of the popular fantasy apps in India. It allows you to make your fantasy teams with real players and events.
Dream 11 gives cash rewards for creating a successful team, like betting on the player.
How to make an account on Dream 11 and get a referral reward –
- Sign up at Dream 11 using your email id or phone number.
- Do KYC for withdrawals; you need Aadhar and Pan Card for KYC verification.
- Now, Invite your friend and ask him to download and sign up through your link.
- Once they have made an account and done their KYC, you both will get cashback or passes worth ₹200
Referral Reward – Upto ₹500
14. MPL
MPL has recently sponsored IPL, which makes the app highly popular among fantasy players. MPL also provides the same service of building fantasy teams from real-life players.
Although their point and reward system is different than other fantasy apps.
How to make an account on MPL –
- Sign up at MPL using your email id and phone number.
- Verify your account using Aadhar & Pan Card, also called KYC.
- Add funds from your UPI id and bank account, then make your fantasy team.
Referral Reward – Upto ₹200
Invite your friends and ask them to make an account and do KYC, and you can get rewards worth Rs. 200
15. My11Circle
My11Circle is a fantasy sports app that helps you earn through betting on sports. From Kabaddi to Cricket, My11Circle includes many sports.
As the name says, My 11 Circle means making a fantasy cricket team, as there are 11 players in cricket you can select.
My11Circle also lets you play other sports, but its fantasy teams are mainly about Cricket.
How to make a My11Circle account –
- Sign Up using your Phone Number & Email id.
- Do KYC with Aadhar Card & Pan Card
- Make your Fantasy Team
Referral Reward – Upto ₹551
Invite your friend, ask him to make an account, and do KYC; that’s it. You will receive your referral reward.
16. CoinSwitch Kuber App
CoinSwitch Kuber is a cryptocurrency trading platform used mainly to buy, hold, and sell cryptocurrencies.
The app lists many cryptocurrencies and provides customer support regarding crypto.
How to make an account on CoinSwitch Kuber –
- It’s a regular sign-up process with a phone number and email id.
- Later you need to KYC with your Aadhar Card and Pan Card.
- Then to start crypto trading, link your bank account.
Referral Reward – ₹50 – ₹100
Although you don’t get direct cash, you will get crypto, which you can later convert into cash.
How to get referral reward –
- Go to Account
- Tap on Invite a Friend/Refer a Friend
- Give the link to your friend
- Ask him to buy crypto by linking his bank account and doing KYC.
17. CoinDCX
CoinDCX is a crypto trading platform; you can use this platform to buy, sell and hold cryptocurrency. You will get an attached crypto wallet where you can keep your cryptocurrency.
The app provides a clean interface, which makes it easier for users to search, view, buy, and sell crypto.
How to Make an Account on CoinDCX
- You’ll require – Pan Card and Aadhar Card
- You should have – Bank Account, Email id, and Phone Number
- Download and Sign up to make an account
Referral Rewards – Upto ₹250
You don’t get direct cash after successfully referring a friend. Instead of cash, you’ll receive BTC or ETH (They’re Cryptocurrencies) then you can sell it and have the cash in your bank account.
Steps to get referral rewards –
- You directly don’t become eligible for a referral
- You need to buy crypto to become an eligible user
- Once you become eligible, send the link to a friend
- You both will receive BTC or ETH
- Convert them into cash.
FAQs – Refer and Earn Apps Without Investment
1. Best Refer and Earn Shopping App
Shopping apps aren’t good at giving commissions since profit margins are low. But some shopping apps have exciting rewards and cash under their refer and earn program.
Here is the list of best refer and earn shopping apps –
1. Meesho – 10% Commission on the first 3 orders
2. Bewakoof.com – 100 Bewakoof Coins = ₹100
3. Myntra – Referral Discount of ₹100
4. Amazon Pay/Amazon – Famous Shopping App Amazon’s Payment Method – Upto ₹125
2. Best Refer and Earn UPI App
India has witnessed its massive UPI revolution, so many players are trying to acquire this vast market.
Here are some UPI apps which give some exciting cash rewards –
1. GooglePay – ₹51 to ₹250
2. FamPay – ₹50 to ₹200
3. Amazon Pay – ₹75 to ₹125
4. BharatPe – ₹100
3. Best Refer and Earn Stock Market Apps
The stock market isn’t a sure way of making money, but creating an account and referring friends is profitable with zero investment.
Here are some of the Best Refer and Earn Stock Market Apps –
1. Zerodha – 10% Commission on Brokerage they Pay (For Example, if your referral pays 2,000 as brokerage, you’ll receive ₹200 as commission)
2. 5Paisa – ₹250 to ₹500
3. Upstox – ₹100 to ₹400
4. Groww – ₹100
Takeaway
India has recently witnessed the internet revolution; due to cheap internet plans and internet infrastructure, people are joining this internet revolution. Research shows that until now, less than 50% of people have mobile phones.
Therefore, many people are yet to come on the internet, and corporate, brands, etc., are targeting that country’s user base.
If you have studied economics, you might know that the situation always benefits the buyers whenever there is competition among sellers.
That’s why you can earn money just by using these apps.
As we said in the beginning, you just require a smartphone and an internet connection to earn money.
I hope you find this article helpful; these were 15+ Best Refer and Earn Apps Without Investment to help you make easy money.
If you want to learn more about affiliate marketing money-making tips, check out this post – Affiliate Marketing 101 Guide.
Thanks for reading…
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Urvashi Singh says
Coming from the middle class fulfilling my undergraduate degree became a stressful situation for me. It was then that my friend suggested I join the referral program of “IDFC FIRST BANK”. Eventually, it has been 4 months since I joined the referral program, and I have been earning a good commission since then.
BlogHeist says
Hey Urvashi!
Thanks for commenting.
Hope our article provides you with more source of information, using which you can refer and earn.
Reach us at: https://blogheist.com/contact-us/ in need of more information or suggestions.