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

Top Business Model Sub Broker
Revenue Sharing 50% – 70%
Security Deposit Rs.50,000 – Rs.200,000
Become Sub Broker in 28 Days
Receive Payout in 30 Days
Founder P S Jayakumar
Established Year 2009

Canara Bank offers

Canara Bank Sub Broker – Customer Ratings

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

Experience 2.4/5
Services 2.4/5
Products 2.3/5
Trading Platforms 2.2/5
Support 2.4/5
Revenue Sharing Model 2.5/5
Security Deposit 2.2/5
Offers 2.4/5
Market Share 2.3/5
Overall Ratings 2.4/5
Star Ratings ★★★☆☆
  • Canara Bank Securities has ranked Good on the bases of customer experience, services, products, revenue sharing model, and offers it provides. The overall rating of the company is 2.5 out of 5 points.
  • Areas like Security Deposits 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 Apps.

About Canara Bank Franchise

Company Type Public
Broker type Full Service Broker
Headquarters Mumbai, Maharashtra
Founder P S Jayakumar
Established Year 2009
SB Code Activation Time 28 Days
Payout Time 30 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 in 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 a 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, the Business Models of Canara Bank Securities are discussed.

    Master Franchise Yes
    Sub Broker Yes
    Remisier Yes
    Referral Program No

    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 partners to be 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 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 the table Commission Models of Canara Bank Securities, stock Franchise is described.

    Master Franchise 75% – 85%
    Sub Broker 50% – 70%
    Remisier 20%
    Referral Program NA

    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, which can also vary quite a lot and depends on the percentage 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 of 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 Franchise Rs.300,000 – Rs.600,000
    Sub Broker Rs.50,000 – Rs.200,000
    Remisier Rs.30,000
    Referral Program NA
    • Canara Bank Securities Franchise pays Security deposits for business partnerships. Franchisors are being paid by using mark-ups on services and research.
    • Master Franchise pays a 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

    The infrastructure requirement for the Canara Bank Securities partnership is mentioned in the table.

    Office Area Minimum 250 Sq Ft
    Employee Strength Minimum 3
    Research Services Yes
    Internet Connection Yes
    Trading Terminals Yes
    Telephone Lines Yes
    • Min. 250 Sq Ft of Office Area space is preferred in the prime location for the city of your workstation.
    • A workstation with Internet connectivity is required to set up a trading terminal and back office systems.
    • A minimum of 3 employees are required in the office to serve customers.
    • Telephone lines with voice loggers 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 Deposit No
    10k Initial Deposit No
    Flexible Revenue Sharing Yes
    Flat Revenue Sharing No
    Zero Revenue Sharing with Prepaid Yes

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

    An 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 Support Yes
    Back-Office Support Yes
    Trading Support Yes
    Advisory Support Yes
    Dealing Training Yes
    Acquisition Training No
    Product Training Yes
    • Canara Bank Securities Support franchise by providing a trading platform:
    1. CANROYAL: is desk-based trading software. Customers must download it for online trading on their 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, and 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 Delivery 0.40%
    Equity Intraday 0.04%
    Equity Futures 0.04%
    Equity Options  Rs.60 per Lot
    Currency Futures 0.04%
    Currency Options Rs.40 per Lot
    Commodity 0.04%

    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.
    • The franchise charges 0.40% for trading in equity delivery.
    • Canara Bank Securities sub-broker charges 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 the below table, charges for charges accounts are discussed.

    Demat AMC Rs.500 per Annum
    Trading AMC Free
    Account Opening Charges Rs.350
    Transaction Charges 0.00325%
    Margin Money Minimum Rs.25,000
    • Canara Bank Securities open your demat account for Rs. 500 per Annum as processing fees.
    • For trading AMC account is free.
    • Account Opening Charges are Rs. 350.
    • Trading in Canara Bank Securities needs to maintain Minimum of 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 sustainability.
    • 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

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