Upstox Referral Code: Earn Rewards Up To Rs 1000

Last Updated on April 6, 2026 by Muskan Sinha

With over 1.3 crore users, Upstox is a popular stock brokerage platform that has made it easy for individuals to invest in the market. This platform delivers a compelling mix of low-cost brokerage, a clean interface, fast execution and the option to trade in various assets like stocks, SIPs, mutual funds, IPOs, gold, commodities, futures, options, and more. Upstox is celebrated for its transparent pricing, with no hidden charges or account-opening fees. With the Upstox referral code, new users can unlock additional benefits like free brokerage credits when signing up. On Upstox, individuals can invest, trade, learn and track their wealth all from one account.

The app also runs in two modes under one roof – Upstox for investors and Upstox Pro for traders. Individuals can easily switch between the two modes on the same app. New investors or traders can also learn about the market through online courses offered on the platform using the Upstox referral link and the best-in-class trading and investing tools it provides. With market insights, powerful charting, 100+ indicators, powerful discovery and execution, Upstox aims to help individuals build wealth for their future easily. 

What is the Upstox Referral Code?

The Upstox referral code is a gateway to the world of trading and investing, helping individuals explore the stock market in depth. With the referral code, existing users can invite their loved ones to this leading stock broking platform and help them open a demat account for free. New users can also take advantage of paying zero commission on mutual funds and IPO investing, and low brokerage fees on equity, F&O, commodity and currency. 

This code can be found on the existing user’s profile under the ‘refer and earn’ section. When new users sign up for the platform via the Upstox referral link and open a demat and trading account, both the referrer and the referee are rewarded. New users can avail the multiple investment options, get access to the best tools, free online courses and in-depth market insights, helping them on their trading and investment journey. 

Upstox Refer and Earn Program 

The Upstox refer and earn program is an opportunity for existing users to earn rewards by inviting new users to the platform using the Upstox referral code. When new users use the referral link to download the Upstox app and create an account after successful mobile number and email verification, you will both be rewarded. The new user should complete their sign-up process and open a demat and trading account on the platform within the first 7 days of signing up and completing their OTP verification. 

Existing users can earn vouchers worth Rs 1000 in a month and new users get a demat and trading account with zero account maintenance charges, Rs 0 commission on mutual funds and IPO investing and Rs 20 brokerage commission on equity, F&O, commodity and currency. However, for existing users, referral rewards are capped at Rs 1000, so they are eligible for rewards only on their first 5 referrals in a month. The rewards will be credited to their account on the 1st or 16th of that month, whichever is closer. 

Products and Services Offered by Upstox 

Benefits of the Upstox Referral Code 

• Referral Rewards – Existing users earn vouchers worth Rs 1000 and new users get a free demat and trading account, zero commission on mutual funds and IPO investing and flat Rs 20 per order brokerage on equity, commodity and F&Os, when they sign up successfully using the Upstox referral code. 
• Zero Demat AMC – New users can enjoy no annual maintenance fee on their demat account. 
• Access to Upstox Universe – With the Upstox referral link, new users get access to multiple trading and investing options at low brokerage fees and learn about the stock market with the Uplearn feature on the platform. 
• Trusted Stock Broking Platform – Upstox is one of the most trusted stock broking platforms in India and offers investing and trading options at low brokerage fees. With learning tools and courses, even new users can learn about the market like never before and make the most of their trading experience. 
• Easy Withdrawal of Referral Rewards – Your referral rewards will be credited to your bank account within 3 working days of your withdrawal request. However, you must be an active Upstox user who has made at least one trade within the past 365 days to withdraw your rewards. 

Upstox Affiliate Commission vs Referral Earnings

How to Sign Up on Upstox Using the Referral Code 

• Get the Referral Link – Ask your friends with an existing Upstox account to share the Upstox referral link with you. They can find this link under the refer and earn section of their profile. 
• Complete Sign Up Process – Click the link shared with you to land directly on the sign-up page, where the referral code is automatically applied. Make sure you complete the sign-up process by registering with your mobile number and email address and doing OTP verification.
• Open a Demat Account – Once you have registered, you must open a demat and trading account within 7 days of signing up. 
• Enter Your PAN and Aadhaar Details – You need to provide your Aadhaar and PAN details and complete the KYC process. 
• Account Activation – Once your application has been approved, your demat account will be activated within 24 hours. 
• Place Your First Trade – To be eligible for the referral rewards, make the first trade on the platform within 30 days of account opening. 

Upstox Referral Code details

How to Refer Upstox and Earn Rewards as an Existing User 

1. Log in to your Upstox account using the 6-digit pin or biometrics. 
2. Click on the Upstox icon on the top left corner and navigate to the ‘refer and earn’ section. 
3. You will see two options to invite friends: one by clicking on the ‘invite friends’ option and sharing using any app of your choice, and the second by copying the referral code and sharing it with your friends. 
4. Your friends should sign up and create an account on Upstox within the first 7 days of sharing the link, or else it will expire. 
5. As your friends open a demat account, you will be eligible for referral rewards. You should keep in mind that only the first five referrals in a month will qualify for rewards. 

How to get the Sign Up Bonus using the Upstox Referral Code 

1. Use the referral link/code to sign up on Upstox using your mobile and email address to complete OTP verification. 
2. Using the link, you will be redirected to the account opening process, where the referral code will be applied automatically. 
3. Complete your KYC process and submit the necessary documents. 
4. As you open your demat account within 7 days of signing up, you will receive a free demat and trading account with zero account maintenance charges for the first year, Rs 20 per order brokerage fee for equity, commodity and currency and Rs 0 commission on mutual funds and IPO investing. 

Upstox Invite Code 

The Upstox invite code is a unique 6-digit code that every existing Upstox user can share with anyone who wants to open a demat or trading account on Upstox. Using the invite code, new users get a free demat and trading account and also multiple options to trade and invest in assets. This invite code simplifies the account opening process for new users and helps them get onboard with Upstox services with ease. 

Benefits of the Upstox Invite Code 

• No Annual Maintenance Charges – New users pay no account maintenance charges in the first year by using the Upstox invite code. 
• Access to Trading and Investing Tools – New users can access Upstox’s trading and investing tools that provide great market analysis, insights, charts and research, which helps them make informed trading decisions. 
• Zero Commission – New users pay zero commission on mutual funds and IPO investing. 
• Sign Up Reward – As soon as your friends sign up and create their Upstox account, you receive rewards for each successful referral, up to Rs 1000 per month. 

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Muskan Sinha

Muskan Sinha is a creative and passionate content writer, skilled at delivering high quality , engaging and SEO friendly content across diverse niches. With a zeal for storytelling and great critical thinking, she delivers clear, informative and impactful content that boosts audience engagement.