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Dhan Broker Referral Code "ASAR14" Get Free Account Opening

Dhan Broker Referral Code "ASAR14" Get Free Account Opening

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Written by Asish Kumar

If you are planning to start investing or trading in the stock market, opening a Demat and trading account is an essential first step. Dhan is an online investment and trading platform that provides access to products such as stocks, ETFs, IPOs, mutual funds, futures and options. If you are looking for a Dhan broker referral code, you can use “ASAR14” during the account-opening process.

Dhan currently advertises ₹0 account-opening charges, ₹0 AMC and ₹0 platform fees for eligible Individual and HUF customers.

What Is Dhan Broker Referral Code “ASAR14”?

ASAR14 is a referral code that can be entered by a new user while registering for a Dhan account. Dhan's official support information confirms that users can join through a referral link or enter a referral code during registration. The referral must be captured during onboarding to be eligible under the applicable referral program.

If you are opening a Dhan account for the first time, entering ASAR14 during registration can associate your account with the referral. Existing Dhan customers are generally not eligible for referral benefits under the referral terms.

Dhan Broker Referral Code: ASAR14
​Account Opening: ₹0 for eligible customers
​AMC: ₹0 for eligible Individuals & HUFs
​Platform Fees: ₹0
​Account Type: Demat & Trading Account

Free Dhan Account Opening

One of the major benefits of opening a Dhan account is the current zero-cost account-opening offer. Dhan's official pricing page states that eligible Individuals and HUFs can open an account with ₹0 account-opening charges and ₹0 AMC. It also lists ₹0 platform charges.

However, users should understand that a free account does not mean every trading transaction is free. Brokerage, DP charges, exchange transaction charges, taxes and other statutory charges can apply depending on the product and transaction.

Benefits of Opening a Dhan Account

1. ₹0 Account Opening Charges

Dhan currently lists zero account-opening charges for eligible Individuals and HUFs. This makes it possible for new investors to create a Demat and trading account without paying an initial account-opening fee.

2. ₹0 Annual Maintenance Charges

Dhan's current pricing page lists ₹0 AMC for Individuals and HUFs. Other account categories, such as NRIs, corporates, LLPs, partnership firms and trusts, may have different charges.

3. Online Account Opening

The Dhan account-opening process can be completed digitally. The onboarding process includes mobile and email verification, PAN and personal details, address information, a live selfie, signature and bank-account verification.

4. Multiple Investment Products

Dhan provides access to a range of investment products, including equity delivery, ETFs, IPOs, mutual funds, intraday trading, MTF, futures and options. This allows users to manage different market activities through a single platform.

5. Zero Brokerage on Equity Delivery

According to Dhan's current pricing information, equity delivery brokerage is ₹0. Dhan also lists zero brokerage for ETFs, IPOs and mutual funds, while other trading segments have separate charges.

How to Use Dhan Broker Referral Code “ASAR14”

Using the referral code during registration is simple. Follow these general steps:

Step 1: Visit Dhan

Open the official Dhan website or Dhan app and start the account-opening process.

Step 2: Enter Your Mobile Number

Provide your mobile number and verify it using the OTP sent by Dhan.

Step 3: Complete Registration

Enter your PAN, date of birth and other required personal information.

Step 4: Enter Referral Code “ASAR14”

When the referral-code option appears during onboarding, enter ASAR14 carefully. Dhan confirms that referral codes can be entered during registration.

Step 5: Complete KYC

Complete the required KYC steps, including address verification, live selfie, signature and other required information.

Step 6: Verify Bank Account

Provide your bank-account details and complete the verification process.

Step 7: Complete E-Sign

Finish the required Aadhaar-based e-sign process and submit the application. Dhan then verifies and processes the KYC information.

Why Use Dhan Referral Code ASAR14?

If you are already planning to open a new Dhan account, entering ASAR14 during registration can ensure that the referral is captured as part of your onboarding. Dhan states that referral attribution is captured during onboarding and that referral mapping becomes permanent after the account is activated.

The exact referral rewards are determined by Dhan according to its applicable referral program. Therefore, users should check the current referral terms and the offer displayed during registration rather than assuming that a particular reward will always be available.

Dhan Brokerage and Other Charges

Although Dhan offers free account opening, investors should understand the charges associated with trading.

Dhan currently lists ₹0 brokerage for equity delivery. For equity and ETF intraday and MTF, the brokerage is currently ₹20 or 0.03% of trade value per executed order, whichever is lower. For equity and commodity futures and options, Dhan lists ₹20 per executed order.

Other charges can include transaction charges, GST, STT, SEBI turnover fees, stamp duty and DP charges. For example, Dhan currently lists DP transaction charges of ₹12.50 per instruction/ISIN plus GST.

Since brokerage and other fees can change, investors should always check Dhan's latest pricing before trading.

What If You Forget to Enter ASAR14?

It is best to enter the referral code during the initial account-opening process. If you accidentally miss it, Dhan's support page states that you can email within seven days of account opening, mentioning your UCC and the referral code you want your account mapped to. Dhan will review the request and make changes if applicable.

This makes it important to check the referral information before completing your onboarding.

Is Dhan Suitable for New Investors?

Dhan can be considered by investors who want a digital platform for managing different types of investments and trading activities. Its current product offering includes equity, ETFs, IPOs, mutual funds and derivatives.

However, a free Demat account does not mean that investing is risk-free. Stock-market prices can move up or down, and derivatives and leveraged products can involve significant risk. Beginners should understand the product, charges and risks before placing trades.

Final Words

The Dhan Broker Referral Code “ASAR14” can be used by eligible new users while opening a Dhan Demat and trading account. Dhan currently offers ₹0 account opening, ₹0 AMC and ₹0 platform fees for eligible Individuals and HUFs.

If you are planning to open a Dhan account, enter ASAR14 during the registration process and complete the required KYC steps. Before investing or trading, check the latest referral terms, brokerage rates and applicable charges directly on Dhan.

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