Religare Broking is one of the most trusted brands in the industry. The broker offers exciting partnership opportunities as it intends to grow its pan India presence. Likewise, if you’re looking out for one, this is it. But, first learn how to become a sub broker in Religare.
Stock market is full of options. Too many options rather. It can truly get overwhelming especially for newcomers to make the right choices in order to start generating any sort of income.
The first step is to find the right broker to partner with. And that is exactly where many people falter. However, when you get the opportunity to associate with a name of Religare Broking’s stature, you can’t let the opportunity pass away.
What makes us say that?
The full service broker is a member of major stock exchanges of the country – NSE, BSE, MSEI as well as commodity exchanges – MCX and NCDEX. The broker allows investment opportunities in a variety of investment products
The broker has a physical presence in over 2000 locations, and over 530 cities of the country.
This has helped them gain recognition among the trading and investing community. Currently, the broker has over 1.24 active clients on National Stock Exchange.
Similarly, the broker has over 1200 business partners making the most of the opportunity. The numbers are there for everyone to see and are directing towards the huge potential that lies in becoming a sub broker in Religare.
So, if you had any apprehensions against the broker, we are pretty sure those must have been washed away by now.
Further, we will be looking at the sub broker registration process which requires the individual to present some documents.
Religare Sub Broker Models
Religare, without doubt is a golden opportunity if you are keen on the idea of a business in the stock market domain.
In all, Religare has only one sub broker model to offer. The sub broker works as an Authorized Person under this model.
The main responsibilities of the sub broker will be to bring in new customers to the broker and help them in their trading journey.
The sub broker helps them set up new Demat accounts but also makes suggestions to invest in instruments to meet their investment goals.
Under this model, the individual will be distributing a huge number of investment products such as equity, IPO, Derivatives, commodity, currency, Mutual Funds, Insurance, FDs, etc.
Thus offering the sub broker a huge menu to cater to the ever-evolving needs of the traders. In addition to this, the broker extends them customer services as well.
Religare looks after their business partners and provides them with top-notch facilities such as –
🌟 Reliable Research that will help your clients make a better investment, trading decisions.
🌟 You will get access to the Religare Broking Back office that will help you in managing your business as well as servicing the clients.
🌟 Complete marketing and training Support.
The Sub broker offers a respectable commission rate that can be in the range of 40 – 70 %. Also, there are some charges involved in the whole registration process.
The actual sub broker chargers may differ but need an initial investment capital of around ₹ 3 Lakhs.
The actual commission and the sub broker charges depend on your business idea, your location, your investment capital, and most of all your negotiation skills.
Religare Referral Model
Religare referral model is not a sub broker model by the broker but instead is an open opportunity for anyone who is registered with Religare to earn money.
You can be a customer who has a Demat account with them or a sub broker registered with them. You won’t find a better deal than this one in the entirety of the stock market.
Under this model, you can earn money by referring your connections, friends, associate’s contact number to the broker. You earn money when any of your referred contacts opens an account with the broker.
The biggest benefit of the Religare referral model is that you don’t have to make any sort of investments. This is a golden opportunity to earn handsome rewards without shelling out a penny out of your pocket.
You can begin referring by logging on to the broker’s official website. You will have to provide your client number, friend’s name, and contact number in the referral form. The maximum number of contacts that you can refer to the broker at a time have been capped at 75.
Religare Sub Broker Process
The Religare sub broker registration process is free of any troubles and is a pretty straightforward process.
You will just need to follow the below-mentioned steps:
- Simply fill in the below-mentioned form. You just have to provide us with your – Name, Contact Number, City to initiate the process.
- We will set up your telephonic interview with a Religare representative.
- You will need to share your business objectives, your background details with the business executive on the telephonic interview.
- You will need to share your business plan in order to be considered as a suitable fit for a business partnership. So, make sure you prepare for the interview.
- If the interview goes well. Later, the Religare representative will negotiate an appointment with you to take the process further.
- You will be provided with the commission rates of the Religare sub broker models. They will share details such as the initial investment amount, charges responsibilities of a sub broker, etc.
- Later you can set up a meeting with the executive at a location and you will need to submit the necessary documents.
- The submitted documents will be sent for verification.
- Once the documents get verified, you will be provided with the Religare Sub Broker account toolkit. This toolkit will contain your account credentials such as the login ID and password which can be used for setting up your account.
Religare Sub Broker Eligibility
Religare has a well-defined sub broker eligibility criteria that an individual must fulfill in order to become a sub broker.
It is advised to have a look at the requirements listed by the broker before proceeding to the sub broker registration process.
Following is the list of eligibility criteria to become a sub broker with the full-service broker:
- The individual should have at least completed the 10th. However, an MBA or degree in finance will be preferred.
- The applicant should at least be 18 years old or older.
- SEBI registration certificate.
- Individuals should have a minimum of 1 – 3 years of experience in the financial market.
- The applicant has a NISM (National Institute of Securities Markets) certificate for the Derivative segment.
Religare Sub Broker Charges
Whenever an individual is considering a business opportunity, the initial expenses are one of the major concerns.
Like mentioned earlier, the Religare sub broker charges depend on a few aspects such as :
- The location of your business
- Your ability to invest to set up your own office
An individual will need to make a security deposit with Religare. Then there are infrastructure charges as the sub broker will need to set up an office to begin extending services to their clients.
The individual will need to submit the SEBI registration form. Along with which you will have to pay an amount of ₹2360 + the applicable GST charges.
Religare mentions that the initial security deposit which is refundable in nature will fall in the region of ₹1 – 2 Lakhs. Whereas, the infrastructure costs depend on the location where you want to set up your office.
But, consider these to be around ₹1 – ₹1.5 Lakhs as well. So, the minimum initial investment comes around to be ₹3 Lakhs.
Documents for Religare Sub Broker
Religare sub broker registration process requires the individual to submit a couple of documents. The broker has enlisted a well-defined list of documents that an individual must possess at the time of registration.
The documents for Religare sub broker are listed below:
📑 PAN Card – Front and backside (5 copies)
📑 Identification Proof – PAN card, Aadhaar Card, Voter ID Card, Passport, Driving License.
📑 Address Proof – Aadhaar Card, Voter ID, Driving License, Rent Agreement, Passport, Hostel Address, Electricity Bill, Telephone Bill.
📑 Office Proof – Telephone Bill, Electricity Bill, Rent Agreement (5 Copies)
📑 Qualification Proof – 10th Marksheet, Copy of Graduation certificate, NISM certification
📑 Age Proof – Aadhaar Card, Driving License, Voter ID Card, or other valid certificates where age is mentioned.
📑 SEBI Registration certificate
📑 Passport Size Photographs – 5 Copies
📑 Reference letter from a registered CA
Having been established way back in 1986, Religare Broking is one of the most trusted brands in the industry.
The discount broker looks to have been around for ages and has adapted well with the change in dynamics of the industry.
The broker being a member of a number of notable stock and commodity exchanges has garnered over 1.4 lakhs active clients.
Likewise, the broker has attracted a lot of business enthusiasts who want to associate with the broker.
It is quite a well-known fact around in the industry that a business partnership with the broker is a sure path to success.
Therefore, there are many individuals that are keen on becoming a sub broker in Religare.
This is because the broker offers lucrative commission rates considered to be best in industry. The sub broke can earn a commission for onboarding customers and bringing brokerage to the broker
The sub broker will need to suggest investment products to the clients to help them meet their investment objectives.
So, naturally the individual should have a thorough understanding of the stock market and products offered by the broker.
Also, the broker mentions NISM certification for dealing in the Derivative segment. The registration process is fairly simple.
The individual will need to submit documents such as PAN card, residence proof, office proof, education proof at the time of registration.
Apart from the sub broker model, you can earn by referring your friend’s contact numbers to the stockbroker. You can earn a commission for every account referred by you.
Summing it up in one line, becoming a sub broker in Religare is easily the best business opportunity out there.
Interested in a sub broker partnership with the broker? Let us assist you in taking the process further.
Simply fill in the details mentioned in the form below :