Know How to Generate Reliable Passive Income Through a Referral Reward Program

A referral reward is a way to earn incentives by promoting a good or a service. You will have to spread the word among your family, friends, and colleagues. Refer and earn programs are simple and safe methods to add to your existing income. You can start saving for a new car, consider a home makeover or plan an international vacation.

It is an excellent passive income idea from the comfort of your home. Working with a trusted bank can make sure the entire process is online. Lenient eligibility criteria and no investments make it convenient for students, working professionals and homemakers. This article tells you more.

How does a referral program work?

The IDFC FIRST Bank MyFIRST Partner App offers a referral program opportunity for a second source of income hassle-free. Start by ticking off the following eligibility to qualify:

  • Above 18 years of age
  • Indian nationality
  • Holding a bank account with any Indian bank

Now participate in the referral rewards program with these easy steps:

  • Arrange the required documents
  • Download the IDFC FIRST Bank MyFIRST Partner App
  • Upload a photograph
  • Upload genuine documents and personal details.
  • Enter your bank account details for receiving your payouts
  • Verify the OTP to complete the registration process

Refer the personal loan to anyone in need. It offers funds between ₹20,000 and ₹40 lakhs for diverse needs. The tenure is flexible and ranges between 6 months and 60 months. No security or collateral is needed. Talk about these attractive features to be able to convince your peers better. Help them to learn more about personal loans and assist in the application and verification procedures. You will receive a 1.5% payout on the sanctioned loan amount. Yes, it is that easy!

Staying consistent in your efforts helps you earn more than ₹50,000 per month. The bank also offers rewards like gadgets and extra cash for excellent performances. Do not need to have any prior experience. A client acquisition support executive and a relationship manager will train you in the refer & earn scheme. On the other hand, you can enjoy the best-in-class technology while working. Every time you can pull in a new customer, the bank will reward you sufficiently for your effort.

A referral program is a part of their marketing strategy, which is popularly known as word-of-mouth marketing. You will simply have to put your interaction and persuasion skills to generate a second income. However, make sure the borrower meets the bank’s eligibility criteria. They must be:

  • 23 years and above
  • An Indian citizen
  • Residing in a serviceable location

The IDFC FIRST Bank MyFIRST Partner App is designed in a completely digital way to facilitate a super-fast, reliable, and efficient referral program. Make sure you have a smartphone and a steady internet connection. You do not have to compromise on your existing job, and neither do you need to talk to bank professionals. Be your own boss, work on the app at ease and earn the desired income to live the lifestyle of your dreams. It is one of the best passive income ideas for anyone who does not want to invest many hours and too much effort.