Canara Bank Securities Sub Broker / Franchise / Authorised Person / Partner Review

Canara Bank Securities offers to trade in the segment F&O and Currency Derivatives of the NSE segment in the derivative segment.

In the cash segment, there are 3 products: BITSOT, IDT and CNC. CBSL also offers online subscription facilities to IPOs and mutual fund schemes in addition to online trade products.

The below detailed of Canara Bank Sub Broker features have discussed that will allow readers to have a clear understanding of the products/operations.

Top Business ModelSub Broker
Revenue Sharing50% – 70%
Security DepositRs.50,000 – Rs.200,000
Become Sub Broker in28 Days
Receive Payout in30 Days
FounderP S Jayakumar
Established Year2009

Canara Bank offers

Canara Bank Sub Broker – Customer Ratings

In below table Customer Ratings for Canara Bank Sub Broker is discussed.

Trading Platforms2.2/5
Revenue Sharing Model2.5/5
Security Deposit2.2/5
Market Share2.3/5
Overall Ratings2.4/5
Star Ratings★★★☆☆
  • Canara Bank Securities has ranked Good on bases of customer experience, services, products, revenue sharing model and offers it provide. The overall rating of the company is 2.5 out of 5 points.
  • Areas like Security Deposit and Trading platforms need to be improved to provide better service to the customer.
  • Canara Bank Securities has Ave 3.8 star rating from 400 users. Available on Google play store for downloading trading App.

About Canara Bank Franchise

Company TypePublic
Broker typeFull Service Broker
HeadquartersMumbai, Maharashtra
FounderP S Jayakumar
Established Year2009
SB Code Activation Time28 Days
Payout Time30 Days

Canara Bank Securities Sub BrokerCanara Bank Securities is a Public entity firm. The founder of Canara Bank Securities is P S Jayakumar in 2009. It has its head office at Mumbai, Maharashtra.

It’s also known as Canara bank securities ltd. and Canmoney’s part of the Canara Bank. Canmoney offers a 3-in-1, including banking, trading and demat accounts. They are NSE, BSE, F&O, and CDS registered members.

Canara bank securities are one of India’s trusted stock brokers and nearly every major city in India presents. The customer may visit the branch of Canara bank and open the commercial account.

It takes 28 Days to activate SB Code and 30 days for Payout.

Become a Sub Broker with Canara Bank – Just Fill up the form

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    Canara Bank Sub Broker – Business Models

    In the below table, Business Models of Canara Bank Securities are discussed.

    Master FranchiseYes
    Sub BrokerYes
    Referral ProgramNo

    Canara Bank Securities are the focus for strategy, special competence, and even growing customers. Therefore Canara Bank Securities have a business model that helps them to grow customers by making business partners.

    They have the following Business Models.

    • Master Franchise
    • Sub Broker
    • Remisier

    Canara Bank Securities Master Franchise Model 

    In master franchise Canara Bank Securities allows franchise partner to scattered across other outlets and provinces, resolved by large market enterprises many geographical concerns.

    A master franchisee is responsible for recruiting franchisees and providing initial training and ongoing support.

    Canara Bank Securities Sub Broker Model

    The Sub Broker provides access to the trading platform of a stock exchange as an agent of the Canara Bank Securities. Accordingly, the stockbroker shares the brokerage amount with the Sub Broker.

    Canara Bank Securities Remisier Model

    Remisier is a distributor rather than a dealer because its income depends on its sales.

    This may provide customers with inventory advice.

    It does not need any infrastructure.

    Canara Bank Franchise Commission Models / Revenue Sharing Models

    In table Commission Models of Canara Bank Securities, stock Franchise is described.

    Master Franchise75% – 85%
    Sub Broker50% – 70%
    Referral ProgramNA

    In order to start franchising in many ways, the investment fields need to be covered.

    The commission is an ongoing service fee, payable weekly or monthly to Canara Bank Securities, can also vary quite a lot and depends on the percent of sales.

    • Master Franchise has to pay a minimum of 75% to a maximum of 85% of revenue sharing.
    • Sub Broker has to pay a minimum of 50% to a maximum 70% of revenue sharing.
    • Remisier has to pay a flat 20% of revenue sharing.

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    Canara Bank Franchise Cost / Security Deposit

    Below Security Deposit for Canara Bank Franchise is discussed.

    Master FranchiseRs.300,000 – Rs.600,000
    Sub BrokerRs.50,000 – Rs.200,000
    Referral ProgramNA
    • Canara Bank Securities Franchise pays Security Deposit for business partnership. Franchisors are being paid by using mark-ups on services and research.
    • Master Franchise pays Security Deposit of range Rs. 300,000 – Rs. 600,000.
    • Sub Broker needs to pay the Security Deposit of range Rs. 50,000 – Rs. 200,000.
    • Remisier is required to pay a Security Deposit of range Rs. 30,000.

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    Canara Bank Partner Infrastructure Requirement

    Infrastructure requirement for Canara Bank Securities partnership is mention in the table.

    Office AreaMinimum 250 Sq Ft
    Employee StrengthMinimum 3
    Research ServicesYes
    Internet ConnectionYes
    Trading TerminalsYes
    Telephone LinesYes
    • Min. 250 Sq Ft of Office Area space is preferred in the prime location for the city of your workstation.
    • Workstation with Internet connectivity is required to set up a trading terminal and back office systems.
    • Minimum 3 employees are required in office to serve customer.
    • Telephone lines with voice logger are mandatory.
    • Separate broadband connection for back office reports
    • Require to provide Research Services.

    Canara Bank Sub Broker Offers

    Find below various Canara Bank Securities Sub Broker Offers:

    Zero DepositNo
    10k Initial DepositNo
    Flexible Revenue SharingYes
    Flat Revenue SharingNo
    Zero Revenue Sharing with PrepaidYes

    Canara Bank Securities does not permit Zero Deposit to Sub Broker and franchisee.

    Initial Deposit of Rs. 10,000 is not mandatory in Canara Bank.

    • A flexible revenue sharing option is permitted.
    • Canara Bank Securities Sub Broker offers a range of plans and schemes to attract clients
    • Specialist advice is provided for the clients of the sub-brokers.
    • Prepaid sharing with Zero Revenue Sharing is allowed.

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    Canara Bank Franchise Support

    Below we have discussed Franchise Support by Canara Bank Securities:

    Marketing SupportYes
    Back-Office SupportYes
    Trading SupportYes
    Advisory SupportYes
    Dealing TrainingYes
    Acquisition TrainingNo
    Product TrainingYes
    • Canara Bank Securities Support franchise by providing a trading platform:
    1. CANROYAL: is the desk-based trading software. Customers must download it for online trading on the laptop or on their computers. It is designed for active traders in particular.
    2. Canmoney mobile trading app: For active mobile users is introduced. The customer can monitor stocks on the go and order in NSE, BSE.
    • Superior management Solid Back Office.
    • Operations Support Solid Research.
    • Solid Advice.
    • Solid technology.
    • Products Comprehensive.
    • Business Development Initiative.

    Canara Bank Franchise – Brokerage Charges to Clients

    In the below, table Brokerage charges of trading are discussed.

    Equity Delivery0.40%
    Equity Intraday0.04%
    Equity Futures0.04%
    Equity Options Rs.60 per Lot
    Currency Futures0.04%
    Currency OptionsRs.40 per Lot

    When choosing a share trading platform, you must consider two main costs: the brokerage fee and the current fee.

    Every time you place a trade the brokerage is

    • Canara Bank Securities have flexible brokerage plans.
    • Franchise charges 0.40% for trading in equity delivery.
    • Canara Bank Securities sub-broker charge 0.04% for the intraday trading of the equities and also the same for trading in equity futures and currency.
    • For trading in equity options, the charge of brokerage is flat Rs. 60 per Lot.
    • Brokerage for trading in currency options is Rs. 40 per Lot.

    For trading in the commodity, the brokerage charge is 0.40% of trading.

    Canara Bank Sub Broker – Account Opening Charges to Clients

    In below table charges for charges of account are discussed.

    Demat AMCRs.500 per Annum
    Trading AMCFree
    Account Opening ChargesRs.350
    Transaction Charges0.00325%
    Margin MoneyMinimum Rs.25,000
    • Canara Bank Securities open your demat account for Rs. 500 per Annum as processing fees.
    • For the trading AMC account is free.
    • Account Opening Charges are Rs. 350.
    • Trading in Canara Bank Securities it needs to maintain Minimum Rs. 25,000 of the marginal amount.
    • Transaction Charges are 0.003025 % for trading with the Canara Bank Securities franchisee.

    Benefits of Canara Bank Partner Program

    The Canara Bank Sub-brokers program is beneficial for the sub-brokers as –

    • Offers 3-in-1 Account all investment solutions.
    • Very excellent customer care support helps in customer sustain.
    • Real-time market information provided to clients.
    • Online subscription to a mutual fund.
    • It provides an Online subscription for Initial Public Offering.
    • They have more than 20 years of experience in stockbroking.
    • It provides product training and back-office support to business partners.

    Become a Sub Broker with Canara Bank – Just Fill up the form

      Become a Sub Broker
      1. Become Sub Broker

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