10 Best Bank Affiliate Programs In India

Last Updated on October 28, 2024 – by monetizedeal

Bank affiliate programs offer fantastic opportunities to generate additional revenue. India’s public and private banks have assets of $248 trillion. You may profit from this industry by encouraging consumers to create new bank accounts or to use credit and debit cards. Affiliate programs are offered by SBI, Jupiter, ICICI Bank, and other Indian banks. You can select from this list of the top bank affiliate programs if you reside in India.

Is Bank a Good Niche for Affiliate Marketing?

Banking is indeed a lucrative niche for affiliate marketing. Here’s why:

• You don’t require financial knowledge to promote banks: Unlike online trading, you don’t need to know anything about money to encourage banks. Select a finance Affiliate program that interests you and share the profit link with potential customers.
• You don’t need to invest anything: you can sign up for free on any affiliate marketing platform like Monetizedeal. There are no unnecessary charges.
• You can earn a good profit, but there’s no set limit: Your earning potential will be determined by how many people you successfully promote the bank to.
• It is a simple way to earn money online: You can work from home in only 10 minutes.

• It is an easy way to earn money online: You can do this work from the comfort of your home. It will take you 15 minutes at most.

List of Top 10 Bank Affiliate Programs in India

1. SBI

The State Bank of India is the biggest business bank in India. Although it was formally founded in 1955, the Indian government still owns it. This is, however, only documented in the 1800s. Afterwards, in 1933, with its acquisition of the Imperial Bank of India, SBI went public. In addition to individuals in India or overseas, SBI also provides loans and advances to corporate clients.

SBI also provides minor loans to self-help groups and other rural residents. SBI is the bank of choice for those who work for public sector organizations. This bank offers only investment banking, asset management, brokerage, and insurance financial services.

Why Promote the SBI Affiliate Program?

• Get to promote the highly-ranked commercial bank in India.
• Earn a good profit by promoting SBI credit cards and other products.
• Promote one of the most trusted banks in the country

Earning Potential

By joining the SBI bank affiliate program, you can earn an affiliate commission of around INR 10,000 per month. This amount can even increase to INR 12,000 or more, depending upon the number of transactions made through your links.

2. HDFC

As one of the country’s first private banks, HDFC was approved by the Reserve Bank of India (RBI). HDFC provides its clients with a broad range of financial products and services as part of its retail banking services. In addition, it offers various companies and organizations working capital financing and other commercial and transaction banking services.

To assist businesses in managing their financial risks, HDFC focuses on debt securities, stocks, foreign exchange and growth, and local currency money markets for treasury services. It was recognized as India’s top bank.

Why Promote HDFC Affiliate Program?

• Offers wholesale banking, treasury services, and retailer banking services.
• As a loan customer, you can receive gift cards worth up to INR 50,000 by referring friends.
• Benefit from each sale made with your affiliate link.

Earning Potential  

HDFC affiliates can earn a profit of around INR 10,000 per month. Depending on the number of transactions made through their links, this can even increase to INR 12,000 or more. Highest earning potential of HDFC makes it the best bank affiliate program in India.

3. ICICI

The World Bank, the Indian government, and Indian delegates developed the concept for ICICI Bank. It was founded in 1955 to assist Indian companies in obtaining short- and long-term financing. It was primarily a developmental financial organization specializing in project funding early on.

As a result of the liberalization, it became a diverse financial services provider offering a range of services. India’s first bank to be listed on the NSE, ICICI Bank, was established in 1994.

Why Promote ICICI Bank Affiliate Program?

• Current cardholders can earn 2,000 bonus points for recommending credit cards to friends and family.
• Under the recommendation program, they can gain up to 10,000 points.
• Get profit from each lead when you use an affiliate marketing platform to become an ICICI affiliate marketer.

Earning Potential  

ICICI Bank affiliates can earn a profit of around INR 8,000 per month. Depending on the number of transactions made through their links, this can increase to INR 9,000 or more.

4. Jupiter

Jupiter is the bank of Newton. Since the Federal Bank is entirely digital, opening an account with Jupiter essentially means opening an account with the Federal Bank. The Jupiter app is designed to simplify money management.

Enrolling takes about thirty seconds! You can also open a savings account with no balance at Jupiter without incurring extra costs. Use the app to manage your Visa debit card. It provides round-the-clock customer service and a 1% reward for UPI payments and debit card purchases.

Why Promote Jupiter Affiliate Program?

• Customers can get a 100% digital, 0-balance account.

• You can earn money on the profit generated through your affiliate link.

• Easy setup of accounts means you can attract customers easily and thus earn more profit.

Earning Potential  

Jupiter affiliates have the potential to earn a profit of approximately INR 8,000 per month, which can increase to INR 9,000 or more, depending on the number of transactions made through their referral links.

5. IDFC

At IDFC First Bank, we are committed to developing products that prioritize our customers’ needs. We were the first universal bank to offer monthly interest credits on savings accounts, low APR credit cards that are free for life, and other cutting-edge features. The bank was formed by combining Capital First, a top-technology NBFC, with IDFC Bank.

With a total loan portfolio of 30 million, IDFC First Bank serves clients in 30,000 towns, cities, and villages. You may simply open a savings account online, take advantage of the best digital banking experience possible, and live your best life with IDFC First Bank’s more than 50 advantages.

Why Promote the IDFC First Bank Affiliate Program?

• Customers can get INR 3000 assured vouchers for their favorite brands within 30 days.

• Refer to the MyFIRST Partner App and earn profits on referrals.

• The IDFC First personal loan referral app allows you to send as many referrals as possible.

Earning Potential  

IDFC First Bank affiliates can earn a profit of around INR 10,000 per month. Depending on the number of transactions made through their links, this can increase to INR 12,000 or more.

6. Axis

Founded in 1994, Axis Bank is currently the third-largest bank in India. It provides a wide range of financial services to clients, including retail establishments, farmers, small and medium-sized enterprises, and large and mid-sized corporations. In addition to 4,758 branches, Axis Bank has 5,972 ATMs and cash recyclers.

It also has 11 overseas offices in Singapore, Hong Kong, Colombo, Shanghai, Dhaka, Dubai, and Abu Dhabi. The bank’s growth has been steady. As of March 31, 2022, its balance sheet showed INR 11,75,178 Cr.

Why to Promote Axis Bank Affiliate Program?

• Remit Money offers INR 500 in cash points for every referral. You and your friend will each receive INR 500 in cash points.
• Earn INR 1500 profit per sale by promoting Axis Flipkart Credit Card on Monetizedeal.
• Applicants will get INR 500 cashback on Flipkart, a flat 15 percent off on the 1st Myntra transaction, etc., by promoting Axis Flipkart Credit Card.

Earning Potential  

By joining the Axis Bank affiliate program, one can earn a profit of around INR 10,000 per month. Depending on the number of transactions made through their links, this can even increase to INR 12,000 or more.

 7. Kotak

Kotak Mahindra Group is a leading financial services firm in India that provides low rates. Its principal business, Kotak Mahindra Finance Ltd., became India’s first non-banking finance company to become a bank in 2003 after receiving a banking license from the RBI.
The Kotak Mahindra Group has a total balance sheet value of one lakh crore and a net worth of $2.6 billion.

The Group offers services to individuals and corporations in investment banking, stockbroking, mutual funds, commercial banking, and life insurance. They have an online banking service called Kotak 811 that provides all the necessary tools for essential money management. Join the Kotak 811 affiliate program to receive a commission for each new app installation.

Why Promote Kotak Mahindra Bank Affiliate Program?

• Kotak 811 helps customers open a zero-balance account.
• It provides digital banking services, including video KYC savings accounts, mobile apps, and net banking services.
• Earn a profit on every sale through your affiliate link.

Earning Potential  

Axis Bank affiliates can earn a profit of anywhere around INR 2,000 per month. This amount can increase to INR 5,000 or more, depending on the number of transactions made through their links.

8. IndusInd

Over 2.5 crore people bank with IndusInd, a universal bank founded in 1994 by Srichand P. Hinduja. The word “Indusland” originated in the Indus Valley civilization. Currently operating over 2,000 branches nationwide, IndusInd Bank provides services and products to individuals and businesses.

It includes credit cards, SME loans, personal loans, auto and business finance loans, and microloans. Additionally, it has forged alliances with many public sector initiatives, government organizations, and large enterprises. Sustainability is the ultimate goal for everything it does.

Why Promote IndusInd Bank Affiliate Program?

• You can get an INR 250 Amazon Voucher by referring your friends and relatives who are NRIs. 
• Customers who register savings accounts can enjoy a 4.5% interest rate, a complimentary three-month Times Prime membership, 10% off Big Basket, and a 20% discount on Swiggy. 
• Every customer that an IndusInd affiliate refers to through your affiliate link has the potential to earn money for them.

Earning Potential  

By joining the IndusInd Bank affiliate program, you can earn a profit of anywhere around INR 4,000 per month. This can even increase to INR 5,000 or more depending on the number of transactions made through your links.

9. Citibank

Citibank began operations in 1902. With 42 locations, it is among the most well-known banks in the nation. When Citibank first entered the credit card business in the 1960s, it provided cards for various purposes.

They offer various services, such as debt collection, loan making, asset protection, and capital market representation for their clients. Citibank is a global bank that provides services to clients in more than 200 cities and nations. It received the Asia-Pacific region’s 2022 Digital Bank of the Year award.

Why Promote Citibank Affiliate Program?

• Receive up to INR 9,999 for each credit card referral. 
• Each referral will earn you 100% more cashback. 
• Get to publicize the year’s best digital bank.

Earning Potential  

Citibank affiliates can earn a profit of anywhere around INR 5,000 per month. This can even increase to INR 9,000 or more, depending upon the number of transactions made through their links.

10. RBL

RBL, a private sector bank, provides financial services in five categories: corporate and institutional banking, commercial banking, branch and business banking, retail assets, and treasury and financial market operations. It was founded in Mumbai under the original name Ratnakar Bank.

The Bombay Stock Exchange and the New York Stock Exchange list RBL Bank. Business Today and KPMG recently named it India’s top bank for growth in the mid-size bank market. It has more than 2 million customers.

Why Promote RBL Bank Affiliate Program?

• Join the NRI referral program and earn money.
• Promote RBL Bank as an affiliate and earn money per sale.
• RBL credit cardholders can get an INR 1000 gift voucher from Amazon, Myntra, Croma, & ShoppersStop.

Earning Potential  

IndusInd Bank affiliates can earn a profit of anywhere around INR 4,000 per month. This amount can increase to INR 5,000 or more, depending on the number of transactions made through their links.

FAQs

Q. What is a Bank affiliate?

A bank affiliate is someone who promotes a bank by sharing links and earning a commission in return. This can involve the promotion of credit cards, debit cards, or the opening of savings accounts. Almost anyone can become a bank affiliate, as it requires no qualifications or specific skills.

Q. Do banks offer affiliate programs?

Yes, popular banks offer affiliate programs to attract new customers. These include the SBI affiliate program, Yesbank Affiliate program, and Axis Bank Affiliate program, among many others.

Q. Which bank is best for affiliate marketing?

Citibank is considered the best bank for affiliate marketing. Citibank affiliates can earn a profit of anywhere around INR 5,000 per month. This figure can even increase to Rs. 9,000 or more, depending on the number of transactions made through their links.