A Demat account can be useful for investors who want to hold securities electronically and access the Indian securities market through a trading platform.

Angel One provides access to products and services including equity, derivatives, mutual funds and other investment-related services.

The platform also offers digital account opening, meaning users can complete much of the registration process online.

For someone who is already considering Angel One, using a referral code such as SWKY during signup can be a straightforward way to ensure the referral is associated with the new account.

Who Can Use the Angel One Referral Code?

Referral programmes can have eligibility conditions.

Generally, users should check whether the offer is intended for new customers and whether the mobile number or other details have previously been registered with Angel One.

Angel One's own promotional terms have stated that certain account-opening offers are restricted to new customers and that the company can change or discontinue promotional offers and their terms.

Therefore, check the current terms displayed during registration before relying on a particular referral benefit.

What If the Code “SWKY” Does Not Work?

If SWKY is not accepted during registration, first check that the code has been entered correctly.

You should also make sure you are opening a new account and that the referral field is still available during your application.

If you started registration without a referral link or code, the ability to add one later may depend on the current signup process.

Angel One's official guidance confirms that referral codes can be entered during the signup process and that a referral link may automatically populate the relevant code.

If the expected referral benefit does not appear, check the current promotional terms or contact Angel One support before completing the application.

Things to Consider Before Opening a Demat Account

Before opening any Demat account, consider the overall cost of investing rather than just the opening fee.

Check the brokerage structure, AMC, DP charges and applicable statutory costs.

It is also important to understand that investments in securities are subject to market risk. A free account does not mean that investments themselves are risk-free.

If you are new to investing, take time to understand the products you are considering and review the relevant terms and charges before placing trades.

Final Thoughts

The Angel One App referral code “SWKY” is provided as an offer for a free Demat account. Angel One currently confirms that account opening is free and that first-year AMC is zero under its current account-opening information.

To use SWKY, enter the code during the Angel One registration process and complete the required OTP and KYC steps.

Remember that a free account-opening offer does not mean all future transactions are free. Brokerage, AMC after the applicable introductory period, DP charges and statutory levies may still apply.