15+ Best Refer and Earn Apps Without Investment

15+ Best Refer and Earn Apps Without Investment



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Refer and earn is a type of marketing, that brands run to acquire customers. However, you can earn some money by referring some 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 a good way to earn some 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.

Refer and earn is a type of marketing used by brands to acquire customers. In this program, brands give cash rewards to the customer who has helped them find customers. It is easy as sharing your link and telling someone to download through the link.

In India, this type of marketing has recently taken the place, due to the big market in India and huge competition among apps.

So whichever app will benefit more the customer, the customer will choose that one. That’s also the reason why many apps have their 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 the downloaded the app and made 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.

Here is the list of best refer and earn apps of 2022

  • 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 app changes their referral programs almost frequently, therefore check before applying.

Below are the apps that provide cash or monetary rewards for referring others. The best part is many apps below also give rewards to those who have downloaded from the link, it is a win-win situation for both parties.

1. Google Pay 1. Google Pay

Google Pay is a UPI app, one can use this app for sending and receiving money, paying bills, shopping 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.

Unlike, Google Pay has a very 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 –

  1. Download the Google Pay App and Sign up
  2. Link your Bank Account
  3. Add your Debit Card
  4. Activate Your UPI ID

Referral Rewards – Rs 51 to Rs 250

Your friend will also get Rs 21 if he downloaded from your link.

Steps to getting referral rewards

  1. Open GooglePay, go to your Profile
  2. On your profile, you’ll see your referral code and link
  3. Send the link to a friend
  4. Make sure he hasn’t downloaded GooglePay.
  5. Ask him to use your referral code and make an account on GooglePay
  6. That’s it after he linked his bank account and made his payment, both of you will get rewards.

Download GooglePay

$This is an affiliate link

2. PhonePe 2. PhonePe

PhonePe is also a UPI app, which helps in sending and receiving money, paying bills, booking tickets, shopping online, etc. PhonePe has a huge merchant network, and almost 20 crore+ users, which makes it one of the biggest payments apps.

PhonePe includes various services, you can also invest in stocks, mutual funds, gold, etc through PhonePe. PhonePe has also started offering insurance and has a range of services.

How to Make an Account on PhonePe

  1. Download PhonePe and Sign up
  2. Link your bank account and add your debit card
  3. To access other services, you’ll require to have Aadhar Card, PAN Card, Driving License, Voter id, etc.

Referral Rewards – Rs 75 to Rs 100

Steps to Get Referral Rewards –

  1. Open PhonePe, and tap on Refer and Earn
  2. Send a link to your friend
  3. Once they downloaded PhonePe using your link and made their first payment, you will get your referral reward.

Download PhonePe

$This is an affiliate link

3. Paytm 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 some 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

  1. Download PhonePe and sign up there.
  2. Use your Aadhar card, Pan Card, or Driving License to make an account on Paytm.
  3. 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 people earned ₹1,000 – ₹3,000 just by referring friends on Paytm.

Steps to Get Referral Rewards –

  1. Go to PhonePe, tap on Invite
  2. Send that link to friends.
  3. Ask them to make an account through your link
  4. Once they made their first payment
  5. You’ll receive your referral reward.

Download Paytm

$This is an affiliate link

4. FamPay 4. FamPay

FamPay app is a Neo Bank for students, teenagers, and people who are below 18. This app offer teenagers debit card and account in a Neo Bank to make payments online and offline. This app is focused on solving the problem of teenagers, that they need to ask their parents to pay online.

As India is experiencing the internet revolution and teenagers are one that is more involved in this revolution. Still, they aren’t able to make payments online since they don’t have a bank account.

FamPay helps them by providing them neo bank account, by just using their Aadhar card and guardian.

How to Make an Account on FamPay

  1. Download FamPay and sign up using your bank account.
  2. Link your Aadhar card and have a legal guardian who has Pan Card.
  3. Your legal guardian is anyone who has Pan Card.
  4. 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+ then you won’t get the reward.

Your Friend will get from Rs 50 to Rs 100

Steps to Get Referral Rewards –

  1. Go to FamPay, and go to your profile
  2. Tap on Refer and Earn
  3. Refer the teenager, after they made an account, you’ll receive a referral reward.

5. BharatPe 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

  1. Download BharatPe and Signed up with your phone number and email id.
  2. Invite your friends with your link, in refer and earn tab.
  3. Once your friend made an account, you’ll be rewarded.

Referral Reward – ₹100


6. Cred App 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 paid your credit card bill through the app.

How to make an account on CRED –

  1. Download the CRED App
  2. Sign up with your phone number
  3. 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 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 very popular app, since it doesn’t have any AMC – Annual Maintainance Charges, they earn from brokerage fees.

How to Make an Account on Upstox –

  1. You need the following documents – Aadhar Card & Pan Card
  2. You should have – Bank Account
  3. You require a Digital Signature
  4. 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 sign up using your link, you’ll get ₹100, now the sign-up process is hard. 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 –

  1. Go to Upstox
  2. Go to Account > Invite Friend
  3. Send link to the friend
  4. Ask him to download, and sign up using your link.

8. Groww 8. Groww

Groww is also a stock trading app, the app also helps you invest in Mutual Funds and Commodities.

Groww app is just like Upstox but personally, I found Groww more user-friendly than Upstox. It provides complete information on the stock.

How to make an account on Groww –

  1. Download Groww App
  2. Sign up with your email id and phone number
  3. Now, make your Demat Account, you’ll require these two documents – Aadhar Card and Pan Card.
  4. You should have Bank Account and Digital Signature

Referral Reward – ₹100

Steps for getting Referral Rewards –

  1. Open Groww app
  2. Go to your Account
  3. Tap on Invite Friend/Refer and Earn
  4. Send the link to your friends and family member.
  5. Once your friend signed up and made a Demat account, you’ll get the reward.

9. Zerodha 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 –

  1. Sign up process is easy, as the regular sign-up process with phone number and email id.
  2. Then, you need to create a Demat Account, which requires documents like Pan Card & Aadhar Card and you have to link your bank account.
  3. The last step is to give a digital signature, your form will be verified after that Demat account would 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 to invest through Zerodha.

So, if they pay ₹5,000 as brokerage, you will receive ₹500 as a referral reward.

Signup Zerodha

10. 5Paisa 10. 5Paisa

5Paisa is also an investing app, which helps you to do investing in the share market, mutual funds and commodities, etc.

5Paisa also has a good customer support and a user-friendly experience.

How to make an account on 5Paisa –

  1. First, Sign Up with a Phone Number & Email.
  2. Then, Create a Demat Account
  3. Creating a Demat Account requires Aadhar and Pan Card, also a Bank Account and Digital Signature.
  4. 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, which is a 20 Minute Process.

If he invests in stocks, ask him to invest with the 5Paisa app.


11. Meesho 11. Meesho

Meesho is India’s one of the fastest-growing shopping apps. Meesho’s seller-friendly policy attracts sellers and also 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 referred user places their first successful order.

How to make an account on Meesho and get a referral reward –

  1. Sign up in Meesho app.
  2. Go to list and tap on Menu
  3. Then tap on Refer and Earn.
  4. Share the link with your first
  5. Once they place the order, you’ll receive a commission.

Referral Reward – 10% Commission on the first three orders.

Download Meesho

$This is an affiliate link

12. Dream11 12. 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, it is like betting on the player.

How to make an account on Dream 11 and get a referral reward –

  1. Sign up at dream 11 using your email id or phone number.
  2. Do KYC for withdrawals, you need Aadhar and Pan Card for KYC verification.
  3. Now, Invite your friend and ask him to download and sign up through your link.
  4. Once they have made an account and done their KYC you both will get cashback or passes worth ₹200

Referral Reward – Upto ₹500

Visit Dream11

13. MPL 13. MPL

MPL has recently sponsored IPL, which makes the app highly popular among fantasy players. MPL has also provided 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 –

  1. Sign up at MPL using your email id and phone number.
  2. Verify your account using Aadhar & Pan Card; it’s also called KYC.
  3. 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

Visit MPL

14. My11Circle 14. My11Circle

My11Circle is a fantasy sports app, it helps you to 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 –

  1. Sign Up using your Phone Number & Email id.
  2. Do KYC with Aadhar Card & Pan Card
  3. 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.

Visit My11Circle

15. CoinSwitch Kuber App 15. CoinSwitch Kuber App

CoinSwitch Kuber is a crypto trading platform, it is used mainly for buying, holding, and selling cryptocurrencies.

The app list many cryptocurrencies and provide customer support regarding crypto.

How to make an account on CoinSwitch Kuber

  1. It’s a regular sign-up process with a phone number and email id.
  2. Later you need to KYC with your Aadhar Card and Pan Card.
  3. Then to start crypto trading link your bank account.

Referral Reward – ₹50 – ₹100

Although you don’t get direct cash, instead you will get crypto which you can later convert into cash.

How to get referral reward –

  1. Go to Account
  2. Tap on Invite a Friend/Refer a Friend
  3. Give the link to your friend
  4. Ask him to buy crypto by linking his bank account and doing KYC.

16. CoinDCX 16. 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

  1. You’ll require – Pan Card and Aadhar Card
  2. You should have – Bank Account, Email id, and Phone Number
  3. Download and Sign up to make an account

Referral Rewards – Upto ₹250

Now, you don’t get direct cash, after you successfully referred 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 –

  1. You directly don’t become eligible for referral
  2. You need to buy crypto for becoming an eligible user
  3. Once you become eligible, send the link to a friend
  4. You both will receive BTC or ETH
  5. Convert them into cash.


India has recently witnessed the internet revolution, due to cheap internet plans and internet infrastructure in the country, 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 user base of the country.

If you have studied economics, you might know that, whenever there is competition among sellers, the situation always benefits the buyers.

That’s the reason, just by using these apps you can earn money.

As we said in beginning, you just require a smartphone and internet connection to earn money.

I hope you find this article helpful, these were 15+ Best Refer and Earn Apps Without Investment, that can help you make some 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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