It's a genuine application because I have received payouts from dream11 many times in my bank account directly. You will receive bonus cash by referring your friend but when you are friend starts joining contest then only you will get bonus cash, you will get 30% of your friends joining amount as bonus cash once the completion of contest. But in order to receive payouts you need to verify your pan and bank account.
Only the negative point of dream11 application is you can't take back the added money from the dream11 account to your bank account