The stock market has currently reached its record levels and this is the reason why retail investors are increasingly expressing their willingness to join the market. If market data is to be believed, a large number of new investors have joined the market in the hope of earning some better during the lockdown. If you also want to join the market, then we are going to tell you about such a scheme of ICICI Direct which is giving you the opportunity to earn from the market as well as outside the market.

What is the offer of ICICIDirect

– ICICI Direct is currently offering a special Refer and Earn offer, where if you open another person’s demat account in ICICI Direct. So on every new account you will get Rs 500 cash.

In this scheme, there is no limit on the number of demat accounts you can open with your friends or acquaintances, that is, you can earn Rs 500 every time you open as many accounts as you want.

To take advantage of this offer, you must also have a demat account with ICICI Direct. After logging in to the account, you will get the option of Refer and Earn. Through this, you can prepare your referral link and send it to your friends or acquaintances. You will get cash only on the account opened by your friend or acquaintance by clicking this link.

The new account opener will get additional benefits of about Rs 11,000 with a free demat account and trading account.

how to get double benefit using ICICIDirect 

To earn from the stock market, you have to spend some time understanding the market. You can understand the market by reading the research reports and other investment tips given by the brokerage house for the first few months and make limited investments during this period. However, during this time you can also continue your earnings under the Refer and Earn offer of ICICI Direct, that too without any risk.

what is demat account

A demat account is similar to a bank account, although it involves exchange of shares instead of money. Shares are kept safe in a demat account. Apart from this, mutual funds, bonds, government securities can also be kept in the account. This method is to keep the investment safe and speed up the business process. You need to have a demat account to invest in the market. Demat account can be opened with any registered depository participant, bank broker, financial institution providing depository service. A demat account is linked to a normal bank account, whereby cash against investments takes place after the customer’s approval.