HDFC Refer and Earn- Overview
HDFC Bank, a famous bank in India, has a program called “Refer and Earn.” It lets existing customers earn rewards by telling their friends and family about the bank’s financial products.
This is good for both the referrer and the referred person, who both get rewards and can use the bank’s products.
To refer someone, the existing customer needs to give them a special link or code provided by the bank. If the referred person opens an account or uses a service, both people get rewarded.
The rewards change depending on the product and promotions, but can include cashback, vouchers, and reward points.
To get the rewards, the referrer and referred person need to follow some rules. By taking part in the program, customers can get rewards and promote the bank’s products to their network.
This helps the bank get more customers through word-of-mouth referrals.
How it works
If you’re an HDFC Bank customer, you can take advantage of the Refer and Earn program to earn rewards while promoting the bank’s financial products to your network. Here’s how it works:
Get Your Unique Referral Link/Code
To participate in the HDFC Refer and Earn program, you need to get your unique referral link or code from the bank. You can find this link or code on the bank’s website or mobile app.
Share the Link/Code with Your Network
Once you have your referral link or code, you can share it with your friends, family, or acquaintances through various channels such as email, social media, or messaging apps. You can also invite them directly through the bank’s website or mobile app.
Your Network Signs Up
When your network uses your referral link or code to sign up for any of HDFC Bank’s products or services, you both become eligible for rewards. Your friend or family member must complete the signup process, fulfill the eligibility criteria, and start using the product or service within 30 days.
Both You and Your Network Get Rewarded
Once your referral is successful, you and your friend or family member will receive the rewards promised by HDFC Bank. The rewards can be in the form of cashback, vouchers, reward points, or other exciting benefits. The type and amount of reward may vary depending on the product and the ongoing promotions.
Track Your Referrals
HDFC Bank provides a dashboard to track your referrals and rewards. You can see the status of your referrals and rewards, including pending and successful referrals.
Who can participate in the program
If you’re interested in the HDFC Refer and Earn program, you might be wondering who can participate in this program. Here’s a breakdown of who is eligible to participate:
HDFC Bank Customers
To participate in the Refer and Earn program, you must be an HDFC Bank customer. This means you should have an active savings or current account, a Demat account, a credit card, or any other HDFC Bank financial product.
If you’re not an HDFC Bank customer yet, you can sign up for any of their products and services and become eligible for the program.
Age and Citizenship
To be eligible for the program, you must be an Indian citizen or resident and above 18 years of age. Minors and non-residents are not eligible for the Refer and Earn program.
Terms and Conditions
Each financial product or service of HDFC Bank has different terms and conditions, and the eligibility criteria may vary depending on the product.
Before participating in the Refer and Earn program, make sure to read and understand the terms and conditions of the product or service you’re referring to.
Employees of HDFC Bank
HDFC Bank employees, their immediate family members, and employees of their subsidiaries or group companies are not eligible to participate in the Refer and Earn program.
Conditions You Need to Be Eligible for Rewards
If you’re planning to participate in the HDFC Refer and Earn program, you should be aware of the conditions you need to fulfill to be eligible for rewards. Here are some of the key conditions you need to meet,
Eligible Financial Products
You can refer your network to any eligible HDFC Bank financial product, including savings accounts, current accounts, Demat accounts, credit cards, personal loans, home loans, and more. However, make sure to refer to only eligible products to be eligible for rewards.
Referral Link
To participate in the Refer and Earn program, you need to generate a unique referral link for each product you’re referring to. You can do this by logging in to your HDFC Bank account and generating the link from the Refer and Earn section.
Referral Registration
Your referrals should use the unique referral link you generate to register for the eligible product within 30 days of receiving it. If they don’t register within this period, you won’t be eligible for rewards.
Minimum Account Balance
For certain products like savings accounts and current accounts, there might be a minimum account balance requirement to be eligible for rewards. Make sure to check the terms and conditions of the product to understand the requirement.
Trading Volume
If you’re referring to HDFC Securities, you need to ensure that your referrals complete at least one trade within 30 calendar days of opening the account to be eligible for rewards.
Multiple Referrals
There’s no limit to the number of referrals you can make, but there might be limits on the rewards you can earn. Make sure to check the terms and conditions of each product to understand the rewards structure.
Types of Referal Programs
HDFC Bank offers different referral programs to its customers as a part of the HDFC Refer and Earn program. Each program has its own set of rules and rewards.
Here are the details of the different referral programs offered by HDFC Bank:
Demat and Trading Account Referral Program
Under this program, HDFC Bank customers can refer their friends or family members to open a Demat and Trading account with HDFC Securities. Upon successful account opening and trading within 30 days, the referrer and the referee both can earn rewards of up to Rs. 500.
Credit Card Referral Program
HDFC Bank credit cardholders can refer their friends or family members to apply for a credit card from HDFC Bank. Upon successful approval of the credit card application, both the referrer and the referee can earn rewards of up to 1,000 reward points.
Personal Loan Referral Program
HDFC Bank customers can refer their friends or family members to apply for a personal loan from HDFC Bank. Upon successful disbursement of the loan, both the referrer and the referee can earn rewards of up to Rs. 2,000.
Savings Account Referral Program
Under this program, HDFC Bank customers can refer their friends or family members to open a savings account with HDFC Bank. Upon successful account opening, both the referrer and the referee can earn rewards of up to Rs. 1,000.
Forex Referral Program
HDFC Bank customers can refer their friends or family members to purchase forex services from HDFC Bank. Upon successful transaction, both the referrer and the referee can earn rewards of up to Rs. 500.
It’s important to note that each program has its own set of terms and conditions. Customers should carefully read and understand these terms and conditions before referring anyone to avail the services offered by HDFC Bank.
By participating in these referral programs, HDFC Bank customers can not only earn rewards but also help their friends and family members to avail of quality financial services from a trusted institution like HDFC Bank.
Earning Structure- HDFC Refere and Earn
Here Are the Details of the Commission Structure of HDFC Refer and Earn
| Referral Program | Rewards for Referrer | Rewards for Referee |
| Demat and Trading Account | Up to Rs. 500 | Up to Rs. 500 |
| Credit Card | Up to 1,000 reward points | Up to 1,000 reward points |
| Personal Loan | Up to Rs. 2,000 | Up to Rs. 2,000 |
| Savings Account | Up to Rs. 1,000 | Up to Rs. 1,000 |
| Forex | Up to Rs. 500 | Up to Rs. 500 |
How to Refer- Step by Step Guide
HDFC Bank’s Refer and Earn program is an easy way to earn rewards by referring your friends and family members to HDFC Bank’s products and services. Here are the steps to refer someone through the program:
Log in to your HDFC Bank account
To refer someone, you need to have an HDFC Bank account. Log in to your account on the HDFC Bank website or mobile app.
Choose the product you want to refer
HDFC Bank’s Refer and Earn program offers various products like Demat and Trading account, credit card, personal loan, savings account, and forex services. Choose the product you want to refer.
Fill in the details
After selecting the product, you need to fill in the details of the person you want to refer. Make sure to fill in the correct information to avoid any issues in the referral process.
After filling in the details, you will receive a referral link. Share the link with the person you want to refer through social media, email, or messaging platforms.
Keep track of the referral
You can track the status of your referral through the HDFC Bank website or mobile app. Once the person you referred successfully completes the required action, you will receive your reward.
It’s important to note that the referral process may vary depending on the product or service you are referring. Make sure to read the terms and conditions of the specific referral program to understand the process in detail.
By referring your friends and family through HDFC Bank’s Refer and Earn program, you can earn rewards while helping them access quality financial products and services.
Final thoughts
In conclusion, the HDFC Refer and Earn program is a great way for HDFC Bank customers to earn rewards by referring their friends and family to various services offered by the bank.
With a range of referral programs available, including for demat and trading accounts, credit cards, personal loans, savings accounts, and forex services, there are plenty of opportunities to earn rewards.
However, it is important to note that there are certain conditions and eligibility criteria that must be fulfilled in order to receive the rewards.
By following the steps to refer someone through the program, customers can easily earn rewards while helping their friends and family avail of useful financial services.
Overall, the HDFC Refer and Earn program is a win-win situation for both the referrer and the referee.
Are you ready to earn through the HDFC Refer and Earn program? Don’t miss out on this win-win situation for both you and your referee. Join the HDFC Refer and Earn program now!