IDBI Direct Franchise / Partner / Sub Broker Review
IDBI Direct Franchise is a one of the largest broking franchise bank in the country based out of Mumbai. Lets have an in-depth discussion on IDBI Direct Franchise Review & deep understanding of IDBI Direct Sub Broker offerings, IDBI Direct Franchise Revenue Sharing Models & other features of IDBI Direct Partner Program.
IDBI Direct Franchise Customer Ratings & Review
|Products & Services||7/10|
About IDBI Direct Franchise
IDBI Direct is completely owned by IDBI Bank Limited; it was first incorporated in 1993. Now it is spread across India in 24 cities. IDBI Direct is a registered member of NSE, BSE, MCX-SX, MCX. It is also registered under SEBI.
This company is involved Retail broking and distribution of IDBI provides all the important tools, guidance and advice to help their customers taking better investment decisions and maximizing the ROI. It provides number of services like Institutional & Retail and Research Services, Corporate Advisory Services and many more.
Types of IDBI Direct Franchise
- Business associate.
- Online Remisier
- Master Franchise
Start your Broking Business with IDBI Direct Franchise
IDBI Direct Sub Broker Revenue Sharing, Initial Investment & Fees
Lets have a detailed understanding of IDBI Direct Franchise Revenue Sharing Model & their Initial investment requirements.
IDBI Direct Partner Revenue Sharing & Fees
A deposit of of Rs.300000/- will get revenue sharing slot of 75:25 ratio.
For becoming a Online Remisier, deposit only Rs. 5000/- (five thouasnd only) to become and play with 50:50 share.
With as little as Rs.50,000/- as deposited amount, the partner gets a revenue sharing of 60:40 percent.
This is a peculiar situation that the revenue sharing is based on the deposit and not on the revenue generated through brokerage. Never the less, it is always wise to get associated with reputed name who had been through tough times.
This amount is refundable during the exit of IDBI Franchise. Based on the brokerage generated, client base and good social circle, the partner will get access to all six segment to trade into with IDBI Direct.
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IDBI Direct Partner Initial Investment
Typically, to have a share of 70:30, once needs to deposit an INITIAL investment of Rs.100,000/- (ONE LAKH only).
The extra expenses of running the office and internet as well are self-bearable. The partner needs to pay the registration charge of Rs. 2360/- (non-refundable) for each segment They are reluctant to share DP revenue and the demat related revenue.
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IDBI Direct Sub Broker Support / Advisory
They train the partners and their employees very well for fast execution of order. Online cash management. After registered with IDBI Direct they will offer training on their trading platform which will be free of cost. Although the partner need to have his own personal computer/ laptop.
They do provide with advertisement material and full back office support. IDBI Franchise also provides Research report free of cost. They also provide other marketing & branding collaterals like poster, banner, Vcard, brochures, etc. Advisory to the client and training to the partner employees whichis free.
Their trading application is developed by one of the finest. The trade execution is quick and easy via this android application. They charge you Rs 1000 for all the terminal.
IDBI Direct Sub Broker Offers
IDBI Direct offers the following services – Distribution of Financial Products, Portfolio Management Services, Investment Banking, Private Equity, Stock Broking – Institutional & Retail and Research Services, Corporate Advisory Services, Project Appraisals, Debt Syndication and Funding, Mergers & Acquisitions, etc.
It also offers all kinds of trading platform like – Web/Portal based Trading, EXE Based, Mobile App and Trade Over Phone.
How to become partner with IDBI Securities?
The documents needed are
- Pan Card
- Aadhaar card
- Educational certificate (minimum one should be 12th pass), and 21 years of age.
- Cancelled Cheque
- 2 photos
For Franchisee registration, visit any nearest chartered accountant for proper guidance and to avoid unnecessary errors related to the registration process. Once the addendum is signed and registration is completed, the franchise code will be generated within 15 working days.
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Why Partner with IDBI Direct?
- Highly trusted organization and a brand known to all
- Well accepted and quality research
- Variety of Trading platform and advance analytical tools
- Range of trading products & services
- Dedicated training support as well as training support
- Provides 3 in 1 account features
- Lucrative and transparent brokerage plans
IDBI Direct Franchise FAQs
Ques – Does IDBI Direct have Sub Broker Model?
Answer – Yes, IDBI Direct has incorporated plans of expansion, and as a result of which they have decided to provide the sub broker model. They refer to this model precisely as Business Associate and there are a lot of perks associated with it, alongside high revenue sharing.
Ques – Is IDBI Direct having multiple Franchise models?
Answer – Yes, there are multiple franchise models you can choose from, as per the kind of business that you wish to undertake. Precisely, the first and most popular model is the business associate, the second model is the master franchise and the final model is of online remisier.
Ques – What is IDBI Direct Sub Broker Commission?
Answer – There are multiple commission models provided as well. The basis of distinction is in regards with the investment or the security deposit that you chose to provide. With a higher investment, you can avail for 75% maximum and for the lower investment, you will get 60%.
Ques – How much IDBI Direct Franchise Cost?
Answer – There are multiple slabs of investment for the franchisees, where the greatest of deposit is of Rs.3,00,000. There is the second slab, which is has a destined amount of Rs.1,00,000 and then comes the third slab with the investment of Rs.50,000.
Ques – Does IDBI Direct have Partner Program?
Answer – Yes, there is the provision of the partner program for the aspired individuals which comes with limited set of responsibilities as compared to the master and the sub broker franchise business model. So, the partner program is referred to as the Online remisier.
Ques – What is IDBI Direct Partners Sharing?
Answer – If you compare the partner’s sharing ratio of this stock broker, with that of other stock brokers, you will see that IDBI Direct provides a pretty higher share in the revenue. The remisiers are entitled to half of the share, i.e. the revenue sharing is 50:50.
Ques – Is IDBI Direct Partner Program Free?
Answer – A tiny amount of investment is attached along with the structure of the business partner, or the online remisier. The ones, who want to take up the initiative and avail for this business model, have to provide the franchisor with the small amount of Rs.5,000.
Ques – Does IDBI Direct provide Training Assistance?
Answer – Yes, it is because the stock broking house wants faster execution of order, they train the franchisees and the employees. Training is provided on the trading platform for free of cost, and it includes advisory t the clients and also client acquisition.
Ques – How to Become IDBI Direct Sub Broker?
Answer – When you wish to get started, you must click on the “Become Sub Broker” button which is provided in this article itself. Refer to the form for the next thing and then fill up the same following which you can submit it. Right when you submit your form, the details will reach the stock broking house and it will follow up with you.
Ques – Does IDBI Direct Franchise provides Support?
Answer – Support is endorsed by the stock broker, so the high standards of the stock broking house are met. So, you can expect support in arenas of marketing & branding collaterals like poster, banner, Vcard, brochures, etc; also advertisement material and full back office support.
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Start your Broking Business with IDBI Direct Franchise
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