Earning a passive income or getting extra income through your social media by sharing referral programs has now become easier than ever. Many well-known brands like SBI offer you an opportunity to earn more than your monthly income. The SBI affiliate program allows you to partner with one of India’s top and most trusted banks. Through the program, you will be able to promote various products and services offered by SBI where you will earn a commission for every successful referral.
This is a great opportunity if you have a big online following or a respectable online presence. However, you can also earn significantly by sharing with your friends and family. In this blog, you will read about the various programs offered by SBI, the benefits of partnering with a reputed bank, and the strategies you can follow to maximize your earnings.
SBI Affiliate Program Works
The SBI affiliate program works in a simplified manner, all you need to do is follow the steps below:
Step 1: Sign up for the SBI referral marketing program.
Step 2: Get your referral links on SBI Credit Cards, Demat Account opening, or savings account opening.
Step 3: Send the links to your friends and family members through WhatsApp, Telegram, Instagram, Twitter, Facebook or SMS.
Step 4: If your friends or family members open the links and successfully get a Credit Card or open an account, you will get a commission.
Step 5: The commission rate will depend on the product or service that you have referred to.
Step 6: The commission will then be paid directly to your bank account.
The steps given above show you how to easily start earning more with the SBI affiliate program. Now, let’s take a look at the products and services that you can refer and earn with.
SBI Products and Services For Affiliate Program
The SBI affiliate program offers you various products and services that you can choose to earn from. You can earn by referring Credit cards, demat accounts, and more. Check out the products below for more detailed information:
SBI affiliate program on credit cards
SBI offers rewards for affiliates who promote their credit cards. You can earn up to ₹2500 or get exciting offers and vouchers from Amazon, Book My Show, Myntra, Apollo 24/7, and more. Here are the credit cards that you can refer to earn exciting rewards.
- SBI SimplyCLICK Card: By promoting the SBI SimplyClick credit card through Share & Earn, you can get up to ₹2,500. If your referrals click the link you have shared and successfully make their first payment from the credit card, you will get your ₹2,500 commission.
- Other SBI Credit Cards: By promoting SBI credit cards you can also earn exciting rewards. With each friend or family who chooses to get an SBI credit card using your referral code, you will be able to enjoy a ₹500 voucher from Amazon or other brands such as Myntra, Cleartrip, Swiggy, and more.
SBI Securities
SBI also offers its affiliates the chance to earn through demat and trading accounts. You can refer to your friends and family to open a demat and trading account with SBI securities. For which you can get up to ₹1500 on every successful account opening.
- For every free demat and trading account, you can earn ₹100 for every successful referral.
- For a successful paid demat and trading account you will earn ₹300.
- Additionally, you can also earn ₹500, if the customer you referred places three trades in Equity or F&O segments within 60 days of account opening.
With the above information, you can understand the different products that SBI offers and how you can earn by referring to them. While sharing and earning through the SBI affiliate program is easy, it is important to understand the terms and conditions. These are given below.
Terms and Conditions of the SBI Affiliate Program
The State Bank of India affiliate program is a great opportunity to earn a passive income, however, certain terms and conditions are in place to ensure a transparent and fair transaction. These terms and conditions are as follows:
- The referral process should begin with you sharing your referral links through social media, email, or text.
- You will only earn a commission and reward if your friends or family members apply for a credit card or open an account using your link.
- For credit cards, you will earn a ₹500 voucher within 60 days of credit card issuance to the people you referred to. While they will receive a ₹500 voucher if they spend ₹500 within 90 days.
- For demat and trading accounts, you will get ₹250 cash or voucher within 30 days of account activation. As well as an additional ₹500, if your friends and families place 3 trades within 60 days.
- You can earn a maximum of ₹25,000 per year for credit card referrals and ₹1,500 per month for securities account referrals.
- Additional rewards like brokerage reversal will be valid for only 6 months.
- You are prohibited from spamming, bulk distributing invitations, committing fraud, or promoting SBI products through unauthorized advertisements.
- You will not be eligible for rewards if you send referral links to individuals who are already in the SBI database.
- No employee of SBI Securities will be eligible for any referral benefits.
Benefits of Partnering With SBI
There are many benefits to partnering with SBI as an affiliate, here they are:
- SBI is a trusted brand, making it easier for you to refer to their products and services with confidence.
- You can easily earn from various products like credit cards and demat and trading accounts.
- You can easily earn commissions of up to ₹25,000 in one year on credit card referrals and ₹1,500 on demat accounts.
- SBI also offers you real-time tracking of clicks, conversions, and earnings. Helping you easily keep track of your commissions.
- The SBI affiliate program offers dual rewards for both you and your referee through various Amazon, Myntra, Apollo 24/7, or other vouchers.
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Conclusion
The State Bank of India affiliate program offers you the opportunity to earn more from the comfort of your own home. By promoting SBI’s credit cards and demat accounts you can earn attractive commissions and awesome rewards. Choosing to partner with SBI will help you boost your income, making the partnership a profitable one.
Frequently Asked Questions
Q. What is the SBI affiliate program?
A. The SBI affiliate program is a program where you can earn commissions by sending referral links of SBI products and services to your friends and family.
Q. How does the SBI affiliate program work?
A. The SBI affiliate program works by registering as an affiliate, getting referral links, sharing them with your friends and family through email, text, or social media accounts, and earning commissions when they successfully get a credit card or open a demat account.
Q. What products and services can I promote as an SBI affiliate?
A. As an SBI affiliate, you can promote credit cards as well as SBI securities through demat and trading accounts.
Q. Is there a cost to join the SBI affiliate program?
A. No, joining the SBI affiliate program is free of cost.
Q. How much commission can I earn as an SBI affiliate?
A. You can earn up to ₹25,000 in a year by referring demat accounts and up to ₹1,500 by referring credit cards.
Q. How do I track my earnings as an SBI affiliate?
A. You can track your earnings as an SBI affiliate through the SBI referral dashboard, where you can check the status and earnings of your referrals.
Q. Are there any requirements to become an SBI affiliate?
A. Yes, there are certain terms and conditions to fulfill to become an SBI affiliate, you can read above for more information.
Q. How do I sign up for the SBI affiliate program?
A.Sign up for the SBI Affiliate Program by registering on their official SBI portal with your basic information, PAN card, and contact details.
Q. What marketing materials does SBI provide to affiliates?
A.SBI provides affiliates with unique referral links and promotional codes for their various financial products and services.
