To make referral income from the Groww app, you can invite friends to join the app and invest in mutual funds. When your friends sign up using your referral code and complete their first investment, you will receive a referral bonus, usually in the form of rewards or cashback. The exact details of the referral program, including the amount of referral bonus, may vary from time to time, so it's a good idea to check the terms and conditions of the referral program in the app before you start inviting friends.
Note that referral income from the Groww app may be subject to terms and conditions, including limits on the number of referrals, minimum investment amounts, and other requirements. Be sure to carefully read and understand the terms of the referral program before participating.
The process of earning referral income from Groww app involves the following steps:
- Download and install the Groww app: You can download the Groww app from the App Store or Google Play Store and install it on your smartphone.
- Create an account: After downloading the app, you'll need to create an account by providing your personal information and completing the necessary verification process.
- Locate your referral code: Once your account is set up, you can find your unique referral code in the "Invite & Earn" section of the app.
- Share your referral code: You can share your referral code with your friends via WhatsApp, email, or any other medium.
- Friends sign up and complete their first investment: When your friends sign up using your referral code and complete their first investment, you will receive a referral bonus.
- Track your referral income: You can track the status of your referrals and the amount of referral income earned in the "Invite & Earn" section of the app.
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It is important to note that the referral program offered by Groww may be subject to change and the referral income earned may be taxable. Before participating in the referral program, make sure to understand the terms and conditions and consult with a financial advisor if necessary.
Additionally, it is important to keep the following points in mind when making referrals and earning income through the Groww app:
- Know your audience: Make sure that the people you invite to join the app are interested in investing and have the financial capability to do so.
- Educate your friends: Provide your friends with information about mutual funds and the Groww app, so they can make informed decisions about their investments.
- Comply with laws and regulations: Make sure that your referral activities comply with all applicable laws and regulations, including those related to marketing and advertising.
- Monitor your referrals: Keep track of your referrals and +their investments through the app, and follow up with them if necessary.
- Keep your information up-to-date: Make sure that the information you provide in the app, including your contact information and bank details, is up-to-date, so you can receive your referral bonus without any delay.
By following these steps and keeping these points in mind, you can effectively participate in the referral program.