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Referral Terms & Conditions

Referral Terms & Conditions

Referral Terms & Conditions

This page contains referral terms and conditions related to Dhan's referral program for selected users.

  1. This offer is valid only for Indian residents.
  2. Under the Referral Program, select users can earn ₹100 per successful referral.
  3. To be eligible for referral rewards, the referee must add funds to their Dhan account after signing up.
  4. The referrer can earn rewards for up to 25 successful referrals per month, with a maximum payout cap of ₹35,000 per year.
  5. A bonus of ₹500 will be awarded over and above the base referral amount if the referrer brings in 10 or more successful referrals within 30 days.
  6. Referral earnings are visible on the platform.
  7. The minimum withdrawal threshold is ₹100. Once this threshold is met, the referrer can request a payout.
  8. Payouts will be credited to the referrer's registered bank account, subject to TDS deduction as per applicable tax laws.
  9. If a user is already registered and later wants to get mapped to another user as his referee, the referrer will not receive any rewards.
  10. Annual Withdrawal Deadline: Referral rewards must be withdrawn before March 31st of every year. If the user does not withdraw their earnings, Dhan will auto-credit the eligible amount to the user’s linked bank account before the deadline.
  11. Referral rewards will be credited only if the referee signs up using the correct referral link or code at the time of account opening.
  12. Rewards will be credited within 1-3 business days after meeting all eligibility conditions.
  13. Referral rewards cannot be transferred to any third party, including family members or friends.
  14. Participants cannot act as official representatives of Dhan. They are prohibited from:
    • Entering into contracts or agreements on behalf of Dhan.
    • Publishing marketing materials, advertisements, or promotional content claiming affiliation with Dhan without prior written permission.
    • Engaging in any marketing activities that require Exchange or regulatory approval without explicit consent from Dhan.
  15. Participants confirm they have read and understood NSE Circular NSE/INSP/43029 (December 26, 2019). Any disputes regarding this program cannot be raised before NSE's Investor Grievance Panel and must be resolved directly with Moneylicious Securities Pvt. Ltd. (Dhan) as per the stated NSE guidelines.
  16. Both the participants and Moneylicious Securities Pvt. Ltd. (Dhan) are bound by all applicable rules, regulations, and compliance requirements set by SEBI, NSE, and other statutory authorities.
  17. Moneylicious Securities Pvt. Ltd. (Dhan) reserves the right to modify, suspend, or terminate this program at any time without prior notice.
  18. The decision of Moneylicious Securities Pvt. Ltd. (Dhan) shall be final and binding on all matters related to this program.
  19. Participants acknowledge that they are joining this program at their own discretion and that no financial or investment advice is being provided by Moneylicious Securities Pvt. Ltd. (Dhan).


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*All securities mentioned on this website are exemplary and not recommendatory.

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We are bullish on India, we are bullish on India's prospects to be one of the largest economies in the world. We believe that the stock market provides a unique opportunity for all of India's traders and investors to participate in the growth story of the country.

Yet, most investing & trading platforms in India have remained more or less the same over the past decade. Times have changed and retail traders and investors have become smarter about managing their trades and money. Modern traders & investors require an online trading platform that helps them keep up with the technological advancements of our time.

That's why we're building Dhan - to help you trade, to help you invest, and to help you participate in India's growth stock via the stock market with awesome features and an incredible experience.

©2021-2025 Moneylicious Securities Private Limited. All rights reserved. CIN: U74999MH2012PTC433549 Moneylicious Securities is part of Raise Financial Services.

SEBI Stock Broker Registration No: INZ000006031 | Depository Participant (CDSL) ID: IN-DP-289-2016
Exchange Membership No. : NSE: 90133 | BSE: 6593 | MCX: 56320
Registered Office: 302, The Western Edge I, Off Western Express Highway, Borivali East, Mumbai - 400066, Maharashtra, India.
Corporate Office: 302, The Western Edge I, Off Western Express Highway, Borivali East, Mumbai - 400066, Maharashtra, India. Customer Care: 9987761000.


For any query / feedback / clarifications, email at help@dhan.co.

In case of grievances for any of the services rendered by Moneylicious Securities Private Limited, please write to grievance@dhan.co (for NSE, BSE and MCX) or grievancedp@dhan.co (for Depository Participant). Please ensure that you carefully read the Risk Disclosure Document as prescribed by SEBI, our Terms of Use and Privacy Policy. Compliance Officer: Mr. Manish Garg and Mobile: 8655740961 Email: complianceofficer@dhan.co To lodge your complaints using SEBI SCORES, click here.


Disclaimer: All communications with the client via chat, phone, or email are for support purposes only. Any commitments or statements made by the agent (human or virtual) shall not be binding on the company.


DHAN is a brand owned by Moneylicious Securities Private Limited. All DHAN clients are registered under Moneylicious Securities Private Limited. Clients are advised to refer to our company as Moneylicious Securities Private Limited when communicating with regulatory authorities.


Procedure to file a complaint on SEBI SCORES: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances


Disclaimer: Investment in the securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed the SEBI prescribed limit


Attention investors:

  1. Stock brokers can accept securities as margins from clients only by way of pledge in the depository system w.e.f September 01, 2020.
  2. Update your e-mail and phone number with your stock broker / depository participant and receive OTP directly from depository on your e-mail and/or mobile number to create pledge.
  3. Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month.

Note: As a policy we do not give stock tips or recommendations and have not authorized anyone to give this on behalf of us. If you know anyone claiming to be a part of Dhan / Moneylicious / Raise or our associate companies or partners and offering such services, please report us on help@dhan.co. Important Information for Investors: To prevent unauthorized transactions in your trading / demat account, do not share your account details, credentials or any personal details with anyone. Keep your mobile number updated with your Stock Broker, Depository Participant and ensure that the same is registered with Stock Exchanges, Depository and KRAs. You will receive alerts and information on your registered mobile number / email for debit and other important transactions in your demat account directly from CDSL / Exchange on the same day. KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Stock Broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. This is issued in the interest of investors.


Moneylicious Securities Private Limited also known as Dhan is only an order collection platform that collects orders on behalf of clients and places them on BSE StarMF for execution. Client expressly agrees that Dhan is not liable or responsible and does not represent or warrant any damages regarding non- execution of orders or any incorrect execution of orders with regard to the funds chosen by the client or due to, but not being limited to, any link/system failure, delay in transfer of the funds on account of any unforeseen circumstances/issues in the banking system/payment aggregators or any other problems that may result in a delay in crediting the funds into the BSE Star MF's bank account.


Mutual fund investments are subject to market risks, read all scheme related documents carefully before investing. Dhan is not a distributor or agent of any mutual fund. Mutual Funds are not exchange-traded products. Any related disputes will not have access to the Exchange-investor redressal forum or arbitration mechanism. For other disclaimers please refer https://dhan.co/advertisement-disclaimer/


Download client registration documents (Rights & Obligations, Risk Disclosure Document, Do's & Don'ts) in vernacular language: BSE | NSE | MCX


Kindly, read the Advisory Guidelines of BSE | NSE | MCX for investors as prescribed by the exchange with reference to their circular dated 27th August, 2021 regarding investor awareness and safeguarding client's assets


Important Links: SEBI | BSE | NSE | MCX | CDSL | SCORES | ODR Portal | Investor Charter for Stock Brokers | Investor Charter for DP | UCC Advisory | e-Voting for Shareholders | NCL Client Collateral details |
MCXCCL Client Collateral details

Important Information: Terms of Usage | Disclaimers | Privacy Policy | Grievances | Risk Management Policy | Risk Disclosure | Advertisement Disclaimer | Referral Terms & Conditions | Saarthi 2.0 Mobile App for Investors