Motilal Oswal Referral Code "RAMANKMARV" – Free Account Opening & No Brokerage for the First 30 Days
If you're planning to start investing in the Indian stock market, opening a Demat and Trading account with Motilal Oswal is one of the most convenient ways to buy and sell stocks, mutual funds, ETFs, IPOs, and derivatives. By using the Motilal Oswal Referral Code "RAMANKMARV" during registration, eligible new users can access referral-based benefits. Motilal Oswal officially offers ₹0 online Demat account opening charges, while promotional brokerage offers, including no brokerage for the first 30 days, may be available under specific campaigns and are subject to applicable terms and conditions.
What Is the Motilal Oswal Referral Code?
The Motilal Oswal Referral Code "RAMANKMARV" is a referral code that can be entered while opening a new Demat and Trading account. Eligible users who complete the account opening process and satisfy the referral program requirements may qualify for promotional benefits offered under the current campaign.
Referral Code: RAMANKMARV
Potential Benefits
₹0 online Demat account opening
Promotional No Brokerage offer for the first 30 days (where applicable)
Quick digital account opening
Paperless Aadhaar-based eKYC
Access to equity, F&O, commodities, and currency trading
IPO and mutual fund investing
Advanced trading platforms
Research reports and market insights
The availability of brokerage-related promotions depends on the active campaign and your eligibility.
About Motilal Oswal
Motilal Oswal Financial Services is one of India's leading full-service brokerage firms, providing investment and wealth management solutions for retail and institutional investors.
The platform offers:
Equity investing
Futures & Options (F&O)
Commodity trading
Currency trading
Mutual Funds
IPO investments
ETFs
Portfolio management
Research and advisory services
Its digital platforms enable investors to trade, monitor portfolios, and access research from both web and mobile devices.
How to Use Motilal Oswal Referral Code "RAMANKMARV"
Follow these steps to claim eligible referral benefits:
Step 1
Visit the official Motilal Oswal account opening page.
Step 2
Register using your mobile number.
Step 3
Complete OTP verification.
Step 4
Upload your PAN, Aadhaar, bank account details, and other required documents.
Step 5
Enter the referral code:
RAMANKMARV
when prompted.
Step 6
Complete Aadhaar e-sign and finish the online KYC process.
Step 7
Once your account is activated, eligible promotional benefits will be applied according to the current campaign terms.
Why Use the Referral Code?
Using a referral code during account registration can provide additional value beyond standard signup.
Potential advantages include:
Free online account opening
Access to referral campaigns
Promotional brokerage benefits
Faster digital onboarding
Research-backed investment tools
Access to multiple investment products
These benefits can help new investors begin their investment journey with lower initial costs.
Key Features of Motilal Oswal
Motilal Oswal provides a comprehensive investment ecosystem.
Popular features include:
Equity delivery and intraday trading
Futures & Options trading
Commodity and currency trading
Mutual fund investments
IPO applications
Advanced trading platforms
Award-winning research reports
Portfolio tracking tools
Mobile trading application
Secure online account management
These services make the platform suitable for both beginners and experienced investors.
Who Can Use the Referral Code?
The referral program is generally available to:
New Motilal Oswal customers
Users opening a new Demat and Trading account
Customers completing online KYC
Eligible users participating in the current referral campaign
Eligibility depends on the promotional terms applicable at the time of account opening.
Tips to Maximize Your Benefits
To make the most of your new account:
Enter the referral code during registration.
Complete KYC without delays.
Read the latest promotional terms before opening the account.
Explore available research reports and educational resources.
Understand brokerage charges after any promotional period ends.
Review investment risks before trading.
Following these steps can help you take advantage of available offers while making informed investment decisions.
Frequently Asked Questions
What is the Motilal Oswal Referral Code?
The referral code is:
RAMANKMARV
Is account opening really free?
Yes. Motilal Oswal officially offers ₹0 online Demat account opening charges for eligible users.
Is no brokerage for the first 30 days guaranteed?
No. Promotional no brokerage or free brokerage offers are campaign-specific and subject to eligibility. Motilal Oswal has previously offered brokerage benefits for eligible trades within the first 30 days, but the exact offer may vary over time.
What documents are required?
Typically, you'll need:
PAN Card
Aadhaar Card
Aadhaar-linked mobile number
Bank account details
Email address
These documents are used to complete the online eKYC process.
Can existing customers use the referral code?
Referral codes are generally intended for new account registrations. Existing account holders are usually not eligible to apply a referral code after their account has been opened.
Final Thoughts
The Motilal Oswal Referral Code "RAMANKMARV" provides eligible new investors with an opportunity to participate in the broker's referral program while opening a new Demat and Trading account. Motilal Oswal officially offers ₹0 online account opening, while promotional brokerage benefits—such as no brokerage for the first 30 days—may be available during selected campaigns and are subject to eligibility and terms.
Before completing your registration, review the latest promotional conditions to understand which benefits apply to your account. Using the referral code during signup ensures you are considered for any available referral offers under the current campaign.
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