Remisier Commission in India

Different stockbrokers come up with various partner models and among them registering yourself as a remisier is the quickest and easiest way, to begin a share market business. But before choosing this model it is important to know Remisier Commission in India.

How Much Does a Remisier Earn in India?

A remisier earns through the commission they get after they successfully fetch clients or investors for the brokerage firm they are associated with as well as the commission they get when their referred clients trade on the platform.

But what do different brokers offer to their remisier? Here we will dive into the details of the Remisier commission in India.

So hang tight with us till the end if you want to learn how to become remisier and different commission models.

Sharekhan Remisier Commission

To become Sharekhan Remisier, first of all, Sharekhan requires you to meet certain eligibility criteria as you must:

1. Over 18 years of age 
2. At least have an HSC certificate when it comes to your education
3. Possess good communication skills
4. Have a Demat account with them.

Once you fulfill the eligibility criteria and provide them with the required documents like PAN Card, Aadhar Card, academic certificates, and income certificates, you successfully sign-up for their remisier program. Now, it’s your time to bring them clients and earn commissions. 

With Sharekhan, you are first going to earn an amount of Rs 250 each for bringing clients to their firm and then, a percentage commission of between 15% to 30% for every trading that happens through the accounts of the clients brought by you. 

For example, if you bring 100 investors to the firm, you get ₹ 25,000 (100*250) for only making them connect to the firm. 

Now let’s say out of the 100 investors, 50 actively trade paying ₹ 2000 each, then the total brokerage calculated will be ₹ 50,000 and your 15% commission is going to be ₹ 7500. If it is 30%, you will earn ₹ 15,000 as the commission itself. 

Now your total earning, in this case, is ₹ 32,500. 

This commission can be as high as 30% with Sharekhan and hence you can end up making it your full-time earning by referring the keen investors with the broker. 

Zerodha Remisier Commission

Zerodha was founded in 2010 and in just over a decade, it has built a huge customer base of more than 5 million. The customer base just keeps growing every day and as a remisier, you might be really tempted to sign-up with Zerodha and fetch them more clients by registering yourself as Zerodha Remisier. 

However, you have to fulfill the following eligibility criteria:

1. At least 18 years old
2. At least an HSC level of education
3. An initial one-time deposit of ₹1500

An initial deposit of ₹1500 allows you to use their office as your workspace so it really isn’t a huge amount of money to pay for a facility like this. 

However, it totally depends on the individual whether they want to work from an office or their home. In any case, they need to pay ₹ 1500 as the security deposit. 

Now when it comes to remisier commission, Zerodha offers a range of commissions depending on your work and it doesn’t have one fixed amount of commission. 

It only depends on the total amount of revenue you are able to generate through your referrals. Zerodha has a different number of slabs for different amounts of the total brokerage generated. 

For total brokerage generated under ₹ 1 lakh: 20% of the commission is shared.
For total brokerage generated between ₹ 1 lakh – ₹ 3 lakh: 30% of the commission is shared.
For total brokerage generated between ₹ 3 lakh- ₹ 5 lakh: 40% of the commission is shared.
For total brokerage over ₹ 5 lakh: 50% of the commission is shared. 

For example, if the total number of clients you fetched generated a total brokerage of over ₹ 5 lakh, let’s say ₹ 6 lakh, then, you, as a remisier, would get ₹ 3 lakh as your share. 

Apart from this, Zerodha also offers to pay the remisier just for bringing clients. 

Angel One Remisier Commission

Angel Broking, now known as Angel One is one of India’s oldest stockbroking firms operating in the industry. 

You can register as a remisier with a broker after fulfilling the following eligibility criteria:

1. You should be a minimum of 18 years old
2. At least have an HSC level of education
3. Good communication skills 
4. A strong network of potential clients 
5. A one-time initial deposit of ₹ 10,000 to ₹ 30,000 depending on your negotiation skills.

Angel One offers a pretty hefty commission on the referrals under its remisier program. Under this remisier commission model, you get 25% of the commission for every trade that has been made by the client referred by you. 

For example, if you bring 25 people onboard and 20 of them pay ₹ 3000 each while trading, the total brokerage generated is calculated to be ₹ 60,000 and you get ₹ 15,000, i.e, 25% of the total brokerage as your commission.

Isn’t it pretty cool money to make while referring a program to a handful of people? 

5paisa Remisier Commission

5Paisa has a different number of partnership programs and all of them are highly lucrative. With around 2.5 million customers, 5Paisa is one of the giants of the Stockbroking industry even though it is a relatively new firm that became operational in 2016 only, and with its remisier program, it aims at bringing more direct customers. 

To become remisier with the broker you have to make an initial deposit of ₹5000.

Under the 5Paisa remisier model, the remisier gets a total percentage share of 10% to 30% as commission from each active trade that has been placed. 

It means if the client you brought spends ₹ 5000 for trading, you will get ₹ 500, which is 10% of the total trade amount generated as commission. 

The percentage share keeps increasing as the remisier brings more people and it stops at a maximum limit of 30%. 

Motilal Oswal Remisier Commission

Motilal Oswal is the oldest brokerage firm on this list but it isn’t just the oldest firm but also, enjoys a great deal of customer base. It operates in over 570 cities and has made more than 2300 business partners in its journey of 35 years from the beginning. 

Here is what it brings for its remisier, but before that let’s have a look at the eligibility model of the broker: 

1. At least 18 years
2. At least HSC level of education
3. No initial security deposit is required
4. 2 to 3 years of experience in sales will be preferred
5. You will have to show them an operational expense capacity of at least ₹ 1 lakh

The Motilal Oswal remisier can earn around 20%-40% through brokerage commission over the total amount of brokerage generated. For example, if 6 out of 10 clients you fetched generate a total brokerage of ₹ 10,000, you get ₹ 2000 as your brokerage commission. 

Upstox Remisier Commission

All of you must have heard about Upstox through different platforms, be it television ads or digital ads or any other source. 

The eligibility criteria are almost similar to any other broker mentioned above. However, there is initial security deposit equals ₹3000

Much like the 5Paisa remisier commission model, Upstox offers 10%-30% of the percentage brokerage for every trade made on its platform by the clients fetched by the remisier. 

The percentage varies with the number of clients. The more clients one can bring, the more percentage commission that person is supposed to get. 

Conclusion

Here is the summary of the remisier commission in India in the table below:

To sum it up, one can say that being a remisier is a booming and one of the most convenient forms of making some money, whether passive or full-time depending on the individuals. 

All you need to do is to be eligible first of all, keep the required documents ready, have a strong network or have the skills to build a strong network, keep moderate initial deposit money ( it’s not even required in some cases ), and a bit of experience and knowledge (to help you function better as a remisier) and you are all set to dive in in this huge pool of brokership to earn remisier commission. 

However, before you do that, make sure to compare all the remisier commission plans/models that exist in India. 

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