Youngsters often work part-time jobs because of the high cost of living and the need to save for tuition. However, these jobs usually come with long hours and affect their studies. As a result, many are now turning to technology to help them earn money. Several apps allow youngsters to take on short-term tasks and receive payments directly into their bank accounts.
Many apps and websites can help youngsters earn money online from home, from referring contacts for personal loans to selling used books and clothes. These apps provide an easy way for youngsters to make extra money without committing to a traditional job. In addition, they offer flexibility and can be accessed from anywhere with an internet connection. Here are a few apps that provide the most convenience.
- IDFC FIRST Bank MyFIRST Partner app
With the IDFC FIRST Bank MyFIRST Partner App, young people can easily earn money online from home by referring personal loans to eligible people. They can earn a flat 1.5% commission on the loan amount disbursed for every successful referral. There is no limit to the amount of money you can make, so youngsters have the potential to earn up to ₹50,000 or more per month. Moreover, payments are made weekly, so it’s easy to keep track of earnings. The process is simple:
- Download the app and register yourself.
- Help people avail of a personal loan.
- Get paid every week once the loan is disbursed.
Groww is an investment app where you can invest your money into mutual funds, stocks, IPOs (initial public offerings), etc. When you refer a friend to the Groww app, you will receive a ₹100 referral reward. That’s not all – the person you refer to will also get ₹100 when they complete their document verification and account activation. If you refer this new earning app to 10 people, you can earn ₹1,000.
Upstox is a popular investment platform that allows you to refer Upstox to your friends. You earn ₹400 when they open an account with Upstox and an additional ₹300 when they make their first trade.
Youngsters can also earn money online from home by referring PhonePe to their friends or known people. PhonePe is a payments platform that allows users to link their bank accounts and make payments using UPI. If you refer someone to PhonePe and they add their bank account for the first time, you will receive a cashback. Additionally, the first five people you refer also receive a cashback when they link their bank accounts.
Online earning for youngsters has become much more convenient with apps like IDFC FIRST Bank MyFIRST Partner app, Upstox, Groww, and PhonePe. Besides giving earning opportunities, these apps are compatible with iOS and Android devices and are free to download.