Nirmal Bang Sub Broker / Franchise / Partner Review

Nirmal Bang Sub Broker program is a leading franchisor with more than 3000 franchisee around the country. It has launched the partner association model quite a many years ago and now has built up a strong network of sub brokers.

Lets have a detailed Nirmal Bang Franchise Review. Along with this we will illustrate Nirmal Bang Sub broker offers, Nirmal bang Franchise revenue sharing models, Nirmal bang Partner security deposit requirement & other important elements of Nirmal bang broking franchise.

Nirmal Bang Franchise Customer Ratings

Type of Nirmal Bang Franchise

Nirmal Bang has only one business association model which is the most basic and simple association model. It is like a typical partnership wherein the sub-broker/franchise get into a partnership agreement with Nirmal Bang.

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Nirmal Bang Sub Broker / Authorised Person

Since it offers a partnership, it expects the candidate to have a good experience in the field of financial market – be it stock market, mutual funds, bank, insurance, assurance etc.

In other words, it can be said that it is relevant only for the well- versed and well-established candidates who wish to get associated with this brand name.

A beginner might not be preferred by Nirmal Bang house as it will not have the expertise to do justice to the partnership firm and might not be deserving of the revenue ratio that Nirmal Bang offers.

Nirmal Bang Sub Broker Commission or Revenue Sharing Model

As mentioned above, this broking house only offers partnership model, hence the revenue ratio is always close to 50:50.

This is because it expects the candidate to get the expertise whereas the brand is lent by it.

It appreciates the value addition that the expert would make to the business and hence shares 50% of the revenue unlike in case of any other sub-broker wherein there is no partnership but just an association.

Check out Revenue Sharing of other Sub Brokers

Nirmal Bang Franchise Cost or Security Deposit Amount

Being a part of partnership venture, one will obviously have to fetch in the requisite initial investment. Though it does not prescribe any minimum investment amount, however, the same may range from INR 50,000 to INR 2.5 lacs.

Further, certain part of this investment is towards the refundable security deposit. This deposit is generally refunded in case where the sub-broker shuts the business association. The balance amount can be used by the sub-broker to set up its front office which again is a mandate from Nirmal Bang.

Here are Security Deposit info of other Stock Broking Franchise

Nirmal Bang Sub Broker Offers

Nirmal Bang provides the following offers to its sub-brokers:

• Reduced brokerage rates;
• Cashback on brokerages;
• Increased credit limit;
• Increased credit period;
• Reduced margin money;
• Reduced deposits

Check out other companies Sub Broker Offers

How to become Sub Broker of Nirmal Bang?

One needs to follow these steps for becoming a sub-broker with Nirmal Bang:

1^st Step – Fill in the lead form available here

2^nd Step – Accept call from our executive for verification of details and interest in sub-brokership

3^rd Step – call from the Sales representative of Nirmal Bang for a personal meet

4^th Step – Meet with Sales Representative for detailed discussion, understanding the expectations, agreeing to the terms and resolving other concerns

5^th Step – Submit the requisite Documents & Initial Investment proofs

6^th Step – Verification of documents by ICICI Direct

7^th Step – Activation of account

This may take up 3-6 working days depending upon the turnaround time taken by each party.

Documents Required for Nirmal Bang sub broker registration

• Identity Proof
• DOB proof
• Address proof
• Academic Certificate
• Employment/experience proof
• Cancelled cheque or Bank statement
• Registration certificate with SEBI/Stock exchnage
• Passport size photos
• Infrastructure proof
• PAN Card
• Aadhaar Card

Why Partner with Nirmal Bang?

Key highlights of Nirmal Bang are:

• Brand Name
• Trusted organization
• Part of pioneer group
• Growing organization
• Large product profile
• Selective sub-brokers implying higher revenue

Support provided by Nirmal Bang Partner Program

• Assistance in setting up front office
• Dedicated onboarding manager
• Assistance in client acquisition
• Training sessions to access the trading platforms
• Access to research reports
• Assistance in advising the clients
• Aggressive customer support team

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Find detailed review of other Sub Broker Franchise