How To Increase Sales with the help of MyFIRST Partner Referral Program

In recent years, several Indians have tapped into the influence of referral programs to build a second income. There are many lucrative referral programs out there, one such example being IDFC FIRST Bank’s MyFIRST Partner Referral Program, which allows individuals to earn substantial amounts of money by referring IDFC FIRST Bank’s personal loans to new customers.

Through this initiative, IDFC FIRST Bank has enabled its referral partners to earn ₹1,00,000  monthly, proving that referral partnerships benefit both customers and business partners. Let us check the advantages of signing up for the MyFIRST Partner program and explore who is eligible to participate.

Advantages of signing up for the MyFIRST Partner referral program

Here are the benefits of signing up for the MyFIRST Partner referral program:

1. The MyFIRST Partner app is secure and convenient to use
 

One of the key advantages of the MyFIRST Partner program is the user-friendly app that supports it. IDFC FIRST Bank has designed the MyFIRST Partner app to provide a secure platform for referral partners to manage their referrals, track their earnings, and access relevant information. The security measures ensure the protection of sensitive customer information crucial for maintaining trust and compliance. This level of security is vital today when data breaches and cyber threats are becoming increasingly common.

2. Customer queries are resolved through the MyFIRST Partner app

Communication is pivotal in any business relationship, and IDFC FIRST Bank offers a streamlined communication channel within the MyFIRST Partner app. Referral partners can promptly address the queries and concerns of potential customers directly through the app. This feature enhances the customer experience and expedites the sales process, resulting in quicker conversions. Referral partners can contact relationship managers and IDFC FIRST Bank’s Central Helpline to provide effective customer support while boosting their earnings.

3. Customers earn a significant side income through the MyFIRST Partner program

IDFC FIRST Bank's MyFIRST Partner program can help customers earn more than ₹1,00,000 monthly. The bank deposits a 1.5% payout into the referral partner’s bank account after every successful referral. In this way, individuals can earn a substantial side income by referring IDFC FIRST Bank’s personal loans to friends, family, and acquaintances. The more referrals made, the higher are the potential earnings.

4. Referral partners can trace all cases directly on the MyFIRST Partner app

Transparency is a cornerstone of successful referral programs, and the MyFIRST Partner app excels in this regard. Referral partners can easily track the progress of their referrals, monitor cases, and stay informed about the status of each referral. This level of transparency eliminates uncertainty and helps referral partners stay engaged and motivated to continue referring new customers.

5. Customers need not make any initial investment

Unlike some income-generating ventures that require an upfront investment, IDFC FIRST Bank's MyFIRST Partner program allows customers to sign up without making any initial financial commitment. This inclusive approach means that anyone interested in building a second income stream can participate, regardless of their financial situation. This democratization of the opportunity ensures that individuals from various backgrounds can take advantage of the program's benefits.

Who is eligible to sign up for the MyFIRST Partner referral program?

To be eligible for the MyFIRST Partner referral program, individuals must meet three key criteria:

1. Indian citizenship: Only Indian citizens are eligible to participate in the MyFIRST Partner program.
2. Age requirement: Participants must be at least 18 years old.
3. Customers must have an Indian bank account: Eligible individuals must have an active bank account with an Indian bank.

As more Indians seek opportunities to enhance their income, referral programs offered by banks like IDFC FIRST Bank present an attractive proposition. With its secure app, efficient query resolution, and transparent tracking features, the MyFIRST Partner program demonstrates the potential of referral partnerships in the financial sector.


 

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.