Religare Securities Franchise or Sub Broker – Find Revenue Sharing, Security Deposit and more

Being Religare Securities Franchise is one of the best sub-brokerhip in the industry and we will find out how.

In this article, we will answer all the major queries you have regarding this stockbroker which is in this for quite a long time now and has a great network of sub-brokers and business partners and loyal clients.

The article will take you through the basics of the stock-broker and inform you about the various business models that you can engage in.

It will give you the details of eligibility measures set by the firm and also about the security deposit and investment requirements and obvious regarding the revenue for sure apart from all the other details that are necessary to jump into this business of Religare Securities Sub Broker.

Religare Securities Sub Broker Highlight
Top Business Model Sub Broker
Initial Investment Required Rs.50,000 – Rs.200,000
Revenue Sharing 60%-70%
Payout Time 31 Days
SB Code Activation Time 3-4 Weeks

RELIGARE Franchise SubBroker


What do you know about Religare Securities Franchise?

Religare Securities Franchise is a three decades old business which started in the year 1984. You must be wondering about the network of this business which is having so rich experience.

Yes, you are going to become a member of a network which is experienced and thus wise. Religare Securities Sub Broker gets their code activated within 3-4 weeks which is normal time taken by other stockbrokers as well.

The firm has been based in the city of New Delhi and it was established by Malvinder Singh and Shivinder Singh.

Being a full-service broker, this firm extends various opportunities to the sub-brokers and the business partners that we will discuss in the later sections.

Religare Securities Business Partner Overview
Here is the overview of Religare Securities Franchise
What type of Company is it? – Public / Private Public
What is the Broker type? Full Service Broker
Where is the Headquarter located? New Delhi, India
Who is the Founder? Malvinder Singh, Shivinder Singh
What is the year of establishment? 1984
How many days it takes for SB Code Activation? 3-4 Weeks
How many days/weeks it takes for Payout? 31 Days

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What are the various Business Models that Religare Securities Sub Broker Program provides?

The business models of this firm include –

  • Sub Broker / Authorised Person
  • Partner Program / Remisier

Religare Securities Sub Broker / Authorised Person

Sub-brokers business model of Religare is quite famous across the industry for various reasons.

The sub-brokers of Religare needs to keep a certain deposit against which the firm assign them with the sub-brokership rights to deal in their products and services.

The sub-brokers are required to bring in their clients and pitch and sell them the services and the products offered by Religare.

If you can sell and generate revenue, you will earn a share in the revenue as mentioned by the sub-brokers deed and the agreement between you and the firm.

Religare Securities Partner Program / Remisier

Remisier or Partner of Religare Securities are those individuals who work on a commission basis and refer the clients to the firm.

The Remisier is basically the agents in simpler terms of the firm who pitch to clients about the company and the products and services its offer.

If the pitching is successful and the clients get interested in trading with Religare Securities, then the Remisier gets a particular share of the revenue generated from the client he brought in.

However, in this model, the Remisier do not need to pitch particular products or services according to the need of the client. That is the job done by the firm only. When the client is referred to the firm, the executives take care of the same.

Religare Securities Franchise Business Models
Know about various Business Models of Religare Securities
Is the Sub Broker business model available? Yes
Do they provide Referral Program? No
Do they provide Master Franchise Model? No
Does this broker provide Partner / Remisier model? Yes

How does Religare Securities Sub Broker Revenue Sharing work?

The Religare Securities Franchise Revenue Sharing for the sub-brokers is quite high as compared to other similar firms in the market. The minimum share of revenue that the sub-brokers are entitled to be 60% which is quite high.

The maximum share though is 70% only which is at par with the market average and nothing extraordinary. However, the minimum Religare Securities Sub Broker Commission is too high to make your pockets bulky with just minimum investment.

The Remisiers gets flat 20% of the revenue generated from the clients they refer to the firm. For the Remisier model, 20% revenue is little below the average shared by others in the industry.

Religare Securities Sub Broker Revenue Sharing
Find the details of Religare Securities Sub Broker Commission for all Business Models
What is the revenue sharing for Sub Broker program? 60%-70%
Do they provide revenue sharing or direct pay for Referral Program? NA
How much is the revenue sharing Master Franchise business? NA
How much is the revenue sharing required for Partner / Remisier model? 20%

Know about Revenue Sharing of other Sub Broker Franchise

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What is the Religare Securities Business Partner Security Deposit requirement?

Religare Securities Franchise Cost for the sub-brokers starts with Rs.50,000 that is the average charged by most of the stockbrokers in the industry. So, you do not have to pay any higher amount in order to become the sub-broker of Religare.

The most important thing to notice here is that you are depositing Rs. 50000 and getting entitled to 60% of the revenue which is incredible.

The Remisier needs to deposit Rs.15,000 and this is a fixed amount which the Remisier has to invest in order to start the business.

The Religare Securities Sub Broker Investment can go up till Rs.2 lakhs as well if the sub-broker wants to earn more than the minimum revenue share.

Religare Securities Franchise Security Deposit
Check the Religare Securities Franchise cost requirement for each business model
How much is security deposit required for Sub Broker Program? Rs.50,000 – Rs.200,000
Is there any security deposit required for Referral Program? NA
What is the initial investment required for Master Franchise Model? NA
What is the deposit required for Partner / Remisier Model? Rs.15,000

What are the various Offers rolled out by Religare Securities Authorised Person Program?

The Religare Securities Franchise Offers are –

  • Flexible revenue sharing which is for the sub-brokers and the Remisier who performs extraordinarily and generates humongous revenue for the broker in a year. They become eligible for a higher revenue percentage than the regular minimum and maximum revenues mentioned above.
  • The sub-brokers and the Remisier both can start the business with just Rs. 10000 as the initial capital in the business. The firm offers this special scheme where the sub-brokers especially can deposit Rs. 10 thousand and then after a certain period of time or when they start generating revenue, they can make up to the minimum deposit requirement.

The Religare Securities Sub Broker Offers are quite lucrative and they also have certain discounts and other offers for the clients which indirectly help the sub-brokers.

Religare Securities Sub Broker Offers
Here are the list of Religare Securities Franchise offers available to the clients
Do they provide Flexible Revenue Sharing offer? Yes
Are they providing Flat Revenue Sharing offer? No
Do they offer Zero Revenue Sharing model with Prepaid payment? No
Do they provide Zero Deposit scheme? No
Are they offering 10k Initial Deposit scheme? Yes

Check out the various offers of other Sub Broker Providers

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What are the various Supports provided to Religare Securities Business Partner?

Religare Securities Partner Support includes –

  • Marketing support which helps the sub-brokers in marketing their business well in front of the clients and prospective clients.
  • Back-office support is to help with the official and administrative work behind the trading desk.

The Religare Securities Franchise Support also means proper training of the sub-brokers and the Remisier before they start their business and venture with the firm on a journey. Though the training continues after the initial joining at the beginning it is mandatory.

The firm offers product training and dealing training which are the basic and most important training in this industry.

While the product training is about product knowledge and the dealing is about how to pitch those products to the clients.

Religare Securities Business Partner Support
Here are the various Support Religare Securities Franchise needs to provide to thir clients
Do they provide Acquisition Training to their associates? No
Do they provide Training for Dealers of their sub brokers? Yes
Are they providing Product Training for their business partners? Yes
Do they provide Back-Office Support for their authorised person? Yes
Are they providing Trading Support to their business partners? No
Are they sharing Advisory Support with their partners? No
Does the broking house provide Marketing Support to their sub brokers? Yes

Which is the Infrastructure required for Religare Securities Sub Broker Program?

Religare Securities Sub Broker Infra Requirement includes –

  • An office with at least three employees
  • The office must have at least two hundred square feet of area in it
  • You must offer research services in your office in order to be eligible for the sub-brokership rights of the Religare Securities
  • You need to have a proper internet connection, high-speed connection in your office
  • Make sure all the telephone lines are working perfectly
  • You need to install the trading terminals in the office to serve the clients who want to trade from the office of yours and also you need to handle terminals for many clients.
Religare Securities Partner Infrastructure Requirement
Find the various Infra required to take up Religare Securities Franchise
What is the Employee Strength needed to start this franchise? Minimum 3
Do the Sub Broker needs to provide Trading Terminals? Yes
Is the Internet Connection mandatory to take up franchise? Yes
Are Telephone Lines mandatory for Business Partners? Yes
Is is mandatory to provide Research Services by Sub Broker? Yes
How much is the size of Office Area required to become a Sub Broker? Minimum 200 Sq Ft

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What is the Eligibility Criteria to Become Religare Securities Partner?

The Religare Securities Sub Broker Eligibility in strict and they are very particular about the eligibility of the candidates who want to become their business partners. The eligibility criteria are –

  • You must be educated up till 10+2 and more from a recognized school, board of education and universities.
  • The next criterion is one of the fundamental requirement for the position of sub-brokers and Remisier of Religare Securities and that is the experience. You need to have prior experience of few years and that experience must be relevant to the stock market and broking industry.
  • The financial products knowledge is a mandatory requirement for the sub-brokers and Remisier of Religare Securities. You need to be also updated about the financial environment of the nation. This is to pitch the right product to the right client and in a professional manner.
  • NISM certificate is required in order to become a registered sub-broker. You have to clear the NISM certification examination for the sub-brokers module.
  • The documents you need to share with the firm in order to check your eligibility are –
    • AADHAAR Card
    • PAN Card
    • Education Degree certificates
    • Voter Id
    • GST Registration Certificates
    • Address Proof
    • SEBI Registration Certificates
    • NISM or NCFM Certificates

What is the brokerage charges levied to the Clients of Religare Securities Partners?

The Religare Securities Partner Charges the clients as per the table has given above for the various transactions. If you check the table properly, you will find that the brokerage charges are quite low for each of the segments.

For the intraday segments, the range is starting from 0.01% only which is one of the lowest possible brokerages in the industry. The brokerage for the options segments is average not too high not the lowest as well.

So, overall the Religare Securities Authorised Person Charges are reasonable and affordable and do not pinch the pockets of the clients and thus you can expect to get a good number of clients.

Religare Securities Sub Broker – Brokerage Charges to Clients
Here are the brokerage charges levied by Religare Securities Sub Broker to their clients
What are Equity Intraday charges? 0.01% – 0.04%
How much are Equity Delivery charges? 0.10% – 0.40%
How much is the charge levied on Equity Options? Rs.45 per Lot
How much are the Currency Options charges? Rs.45 per Lot
What are Equity Futures charges? 0.01% – 0.04%
What are the charges levied on Currency Futures? 0.01% – 0.04%
What are the charges levied on Commodity Trading? 0.01% – 0.04%

What is the Account Opening Charges Levied to the clients of Religare Securities Sub Broker?

Religare Securities Franchise Charges for account opening of the clients is Rs.2,500 for a lifetime. So, the clients need to pay only this amount and no other charges.

There is no margin money required by the firm which is great opportunity financially to start trading and take position as much as you like without worrying about the margin money. The annual maintenance of Trading and Demat account is free for a year, there is no transaction fee as well.

So, if at the beginning, Religare Securities Sub Broker Charges for the account opening was hard to digest as it was quite high, but your client will get all these benefits and most importantly there are no recurring charges.

Religare Securities Franchise – Account Opening Charges to Clients
Here are the account opening charges levied by Religare Securities Franchise to their clients
What are the Account Opening Charges? Rs.2,500 Lifetime
What is the Margin Money required? Free
What is the charge for Demat AMC? Free for 1 year
how much are Trading AMC charges? Free for 1 year
How much is the Transaction Charges levied? Free

What is the Customer Ratings of Religare Securities Authorised Person Program?

Religare Securities Franchise Ratings is overall 3 which suggests that the firm is prudent at satisfying the business partners and the clients at the same time.

3 out of 5 is a great rating in this industry and the firm has more or less similar ratings in all the segments.

Religare Securities Franchise Customer Ratings
Find Client Ratings & Reviews against multiple parameters for Religare Securities
According to Revenue Sharing Model of the Franchisor 3.0 / 5
Ratings as per Security Deposit provided by the company 2.9 / 5
As per Experience in the Sub Broker Business 3.1 / 5
As per Offers provided by the Broking Franchise 2.8 / 5
Ratings as per Mobile Trading App & Trading Platforms 3.2 / 5
Overall Ratings of the Sub Broker Franchise 3.0 / 5
Star Ratings ★★★☆☆

Religare Securities Franchise Conclusion

Religare Securities Franchise is providing you one of the most lucrative business opportunity with lower investment requirement. As a Religare Securities Sub Broker, you can be a part of a huge network of investment enthusiasts and clients.


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