Best Refer and Earn App to Earn Money in 2024 - MyFIRST Partner

Many Indians today are exploring innovative ways to supplement their primary income and build a second stream of earnings. One such avenue gaining popularity is the refer-and-earn program offered by various banks. Such programs allow individuals to refer customers and earn rewards in return. One notable example is IDFC FIRST Bank's MyFIRST Partner app, which empowers its users to earn more than ₹1,00,000 per month through referrals.

What is a refer-and earn app, and how can you earn an extra income through it?
 

A refer-and-earn program is a unique initiative where individuals can earn money by referring potential customers to a particular business or organisation. Banks help referral partners refer loans to potential customers through refer-and-earn apps. Through the IDFC FIRST Bank's MyFIRST Partner app, customers can earn an additional income without any investment or physical documentation. This digital platform provides a seamless and convenient way to participate in the program and earn extra money.

By becoming a referral partner with IDFC FIRST Bank, individuals can leverage their social circle and networking skills to earn extra money. Each successful referral can lead to lucrative rewards, allowing people to augment their financial resources effectively. Moreover, this referral program provides an opportunity to work directly with a reputed financial institution like IDFC FIRST Bank, adding credibility and trust to the process.

How to start referring and earning through the MyFIRST Partner App?

1. Download the MyFIRST Partner App

The first step to start earning through the refer-and-earn program is to download the MyFIRST Partner app from the respective app store on your smartphone.

2. Register yourself using PAN, address proof, and bank details
 

After installing the app, users need to register themselves as referral partners. The registration process involves providing essential details such as PAN card information, address proof, and bank account details. This information ensures a smooth and secure payment process.

3. Sign up and get your digital ID
 

Once the registration process is complete, the user receives a unique digital ID. This ID acts as a referral code, which the user can share with potential customers. When a customer applies for a loan using this code, the referral partner becomes eligible for earning rewards based on the loan's approval and disbursement.

4. Refer and track any customer’s loan application
 

With the digital ID in hand, referral partners can start referring friends, family, or acquaintances to avail loans through IDFC FIRST Bank. The app allows partners to track the progress of each referral's loan application, ensuring transparency throughout the process.

Benefits of opting for the IDFC FIRST Bank MyFIRST Partner Referral Program
 

Here’s why over 7 lakh individuals have joined IDFC FIRST Bank as referral partners:

• Flexibility and convenience:

A refer-and-earn program provides individuals with the freedom to earn extra income at their own pace and convenience. There are no strict working hours or rigid commitments, making it an ideal side hustle for those with busy schedules.

• Zero investment and documentation: 

Unlike many other side businesses, referral programs like IDFC FIRST Bank’s MyFIRST Partner program require no upfront investment or extensive paperwork. This hassle-free process allows referral partners to focus solely on promoting the products and earning rewards.

• Leveraging existing networks: 

Referral partners can leverage their existing social networks to find potential customers, which significantly increases the chances of successful referrals. Recommending a product to someone you know and trust creates a sense of credibility, making the referral more effective.

• Transparent earnings tracking: 

IDFC FIRST Bank’s MyFIRST Partner program comes with transparent earnings tracking mechanism, enabling referral partners to monitor their income in real-time. This level of transparency builds trust and encourages continued participation.

• Earn from anywhere: 

As long as you have access to a smartphone and an internet connection, you can participate in the refer-and-earn program from anywhere, making it a versatile and location-independent income opportunity.

IDFC FIRST Bank's MyFIRST Partner app exemplifies the power of referrals, allowing customers to generate substantial earnings without any investment or physical documentation. By leveraging existing networks and working closely with a trusted banking institution, referral partners can unleash the potential of earning a lucrative side income with ease.

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.