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Passive income is a useful mean for meeting financial requirements, especially for beginners. Beginners can grow their skills and simultaneously earn money with referral apps . Referral programs like IDFC FIRST Bank MyFIRST Partner Program help beginners to earn without experience in any field.
Zero investment, uncapped earnings
Weekly commission paid directly to your bank account
Quick disbursement with zero physical documentation
Dedicated support through Relationship Manager & central helpline
Track your cases directly on the app
Opportunity to work directly with IDFC FIRST Bank and participate in recognition programs
How Can Beginners Earn Passive Income Online?
There are different ways a beginner can make money online. Online blogs, YouTube channels, social media management, freelance writing, etc., are a few popular options. At the same time, passive income streams for beginners are crucial since starting one's venture might take resources or may not yield an income immediately.
The IDFC FIRST Bank MyFIRST Partner Program is an innovative passive income instrument for beginners. Young professionals need flexibility in timing to balance the workload. The IDFC FIRST Bank MyFIRST Partner Referral Program is apt for them, as it gradually teaches how to manage their workload and time and get deals done. Virtually anyone can make money online with this program, irrespective of career interest and educational qualification.
What is the IDFC FIRST Bank MyFIRST Partner App?
Once you register with the IDFC FIRST Bank MyFIRST Partner Program, you are recognised as a Partner. A MyFIRST Partner looks for potential referees and helps apply for loans and savings accounts.On every successful referral, you receive a pay-out on a weekly basis.
The IDFC FIRST Bank MyFIRST Partner Program helps create passive income streams for beginners. With this, freshers can have a side gig that enables them to earn some extra money. Under this referral program, you earn a payout for bringing referrals and helping them apply for loans and savings accounts.
Also, there is no upper limit to how much extra money you can earn. Your rewards depend on your performance.
The program lets beginners earn a passive income with no money. If you perform well during the champions league, you will be recognised first as Branch, Regional, Zonal, or National Champion based on your performance. There are cool merchandise and gadgets as rewards for winners at every level.
The IDFC FIRST Bank MyFIRST Partner Referral Program initiates payments every week. On every successful referral, you receive 1.5% commission which is transferred to your bank account directly. During the contest season, you can earn over and above the 1.5% commission. This way, you can earn more than ₹1,00,000 per month. More than seven lakh people are already using the IDFC FIRST Bank MyFIRST Partner Referral Program.
Beginners can easily earn a passive income by referring their contacts who need loans or wish to open a savings account. The IDFC FIRST Bank MyFIRST Partner App is easy to download and completely free to register. Your work involves bringing referrals by following leads and helping them with the application process. On successful referral, you will receive your payment directly into your bank account. The extra money can come in handy in several ways:
Build a career: Beginners can use this passive income opportunity to move ahead in their careers by registering for an advanced course or diploma.
Fulfil financial goals: A passive income will help realise financial goals sooner, such as buying a new car, doing a home renovation, paying for a gadget, etc.
Financial stability: Creating passive income for beginners is the key to becoming financially more stable. This means you can finally create an emergency fund or a fixed deposit and inch towards investment.
Self-finance your needs and wants: Many beginners often look to achieve a level of financial independence where they don't have to rely on funds from family or parents or don't want EMIs to eat into their hard-earned money. A side income can address both issues.
You can join the referral program by downloading the app and registering for free. Here are the steps that you need to follow:
Step 1
Download the MyFIRST Partner App
Step 2
Register using PAN, Address proof, and Bank details
Step 3
Sign-up and get your digital ID instantly
Step 4
Refer and track loan application of your customer
How does IDFC FIRST Bank MyFIRST Partner App Help Beginners Earn Money?
As a fresher, you have ample time to pursue a side income stream by building a network. Being a MyFIRST Partner, you can recommend them an IDFC FIRST Bank loans and savings accounts based on their eligibility and earn an additional income.
Since there are no hard and fast eligibility criteria for signing up as a MyFIRST Partner, it's one of the best passive income sources for beginners. Any Indian citizen over 18 years of age and an active account in any Indian bank is eligible for the referral program.
While registering for the IDFC FIRST Bank MyFIRST Partner app, you must provide relevant personal details such as PAN, address proof and bank details. Once you submit the required details, you are officially registered in the referral program.
The main responsibility of a partner is to look for potential referees—convince them to get a loan such as a personal loan, business loan, used car loan, or open a savings account, and then by helping them apply smoothly. You can keep track of the developments using the IDFC FIRST Bank MyFIRST Partner app. In case of doubts, feel free to contact MyFIRST Partner customer care service, where a dedicated team will answer your queries.
You receive your payments every week. The money is credited to your bank account provided during registration after every successful referral.
It is easy to locate your referrals. Friends, family, and colleagues - anyone in your social circle can be a potential referee. Look closely in your circle and you’ll find contacts looking for help with finances.
You don't need any training program to become a partner and can directly start looking for referrals. It's a very simple way of creating a passive income for beginners. It's something you can just start doing as a side gig.
Go to the “Contact us section” on the IDFC FIRST Bank MyFIRST Partner app to get real-time assistance from the central helpline or your relationship manager.