Bansal Finstock Franchise / Sub Broker / Authorized Person / Partner Review

Considering the leading stock broking firms in India, Bansal Finstock stands at the top in the list and has been successfully giving tough competitions to its competitors since last 22 years.

The company products and services include Equity, Commodity, Currencies, Depository services, Internet Trading, Mobile Trading, IPO, Insurance, Mutual Fund, Loans, NRI Services, Deposits and Bonds.

In this article we aim to provide you with all the details of the Bansal Finstock Company from investment amount to revenue sharing model, offers and much more.

Bansal Finstock Franchise Ratings & Review by Top10StockBroker

About Bansal Finstock Franchise

Bansal Finstock Company is a private Equity Broking House offering full service to all of its clients.

Headquartered in Bhavnagar of Gujarat, the company has been founded by Rashmin Relia in the year 2004.

The company consumes a period of 31 days for the activation of SB Code. The payout time for the revenue sharing is generally between 3 and 4 weeks.

Become an Authorized Pers0n of  Bansal Finstock

Types of Bansal Finstock Business Models

There are 2 types of Bansal Finstock Franchise Business Models:

• Authorized Person / Business partner / Sub broker
• Remisier

Bansal Finstock Sub Broker or Bansal Finstock Authorized Person

Bansal Finstock Company offers sub brokers or Authorized Person (AP) or business partners to all of its clients.

Sub broker is any person not being a member of a stock exchange who acts on behalf of a stock-broker as an agent or otherwise for assisting the investors in buying, selling or dealing in securities through such stock-brokers.

Bansal Finstock Company levy a security deposit for the sub broker ranging between ₹ 50,000 and ₹ 100,000 while for the same, the revenue sharing ranges between 60% and 75%.

Benefits of Bansal Finstock Authorized Person

• Sub broker or business partner or Authorized Person (AP) requires a pretty low investment that is suitable for the applicant having different budgets.
• The sub brokers get a fair chance to retain the high percentage of the brokerage that is generated by the clients while the franchiser receives a little low percentage of brokerage in comparison.
• The franchiser of the company is responsible for providing the Marketing, Training, Advisory Support, Stock Tips and Recommendations to all the sub brokers.
• As the franchiser launches new things such as new products, services and offers, the sub broker can opt to avail all of them.

Bansal Finstock Remisier

Bansal Finstock Company offers Remisier business model to all of its clients.

A Remisier (also called Commissioned Dealer’s Representative) is an agent of a stockbroking company who provides professional advice in stocks and share trading and carries out trade executions for clients.

The security deposit levied by Bansal Finstock Company for the remisier ranges between ₹ 10,000 and ₹ 25,000 while the revenue sharing for the same is between 10% and 25%.

Benefits of Bansal Finstock Remisier:

• The initial investment of the Bansal Finstock Company remisier is as low as ₹ 10,000.
• The remisier will be able to enjoy a revenue sharing between 10% and 25%.
• The on boarding process is straight forward and as well as less time consuming.

Bansal Finstock Partner Revenue Sharing or Bansal Finstock Sub Broker Commission

Bansal Finstock Company includes the revenue sharing models for both sub brokers and remisier.

The revenue sharing of the sub broker varies between 60% and 75%.

The revenue sharing stated for the remisier under the company’s franchise model ranges between 10% and 25%.

The Master Franchise revenue sharing and the Referral program are currently unavailable with the company.

Refer to this Table for clear picture:

Find the list of Sub broker Franchise with decent revenue sharing models:

Start your Broking Business with Bansal Finstock

Bansal Finstock Franchise Cost or Security Deposit

Bansal Finstock Company’s franchise program includes security deposit for both sub brokers and remisier. The required security deposit of the sub broker ranges between ₹ 50,000 and ₹ 100,000.

The remisier is required to provide security deposit amount that varies between ₹ 10,000 and ₹ 25,000.

The security deposit for the Master Franchise is not available at the moment but the security deposit collected from the sub broker and the remisier are all refundable at the end of the tenure. Bansal Finstock Company does not provide referral program as of now.

Check this table below for better understanding of Bansal Finstock Franchise Cost:

Find the list of Stock Market Franchise with low initial investment amount:

Bansal Finstock Franchise Infrastructure Set-up Cost

Bansal Finstock Company has set up the minimalistic infrastructure investment for their sub brokers to follow where the sub brokers needs to possess an office of minimum 100 square feet area with minimum employee strength of 1.

The sub brokers must possess smooth internet connection and working telephone lines in order to associate with Bansal Finstock Company aiming for the betterment of the job.

Trading terminal possession is considered mandatory for all the sub brokers willing to associate with them. Research services are not required by the sub brokers to offer to their clients.

Bansal Finstock Sub Broker Offers

• The company does not offer the ‘Zero Deposit’ scheme.
• Bansal Finstock Company offers low security deposit scheme or the initial deposit scheme.
• The stock broking firm offers Flexible Revenue Sharing.
• Flat Revenue Sharing is not available with the company right now.
• The Bansal Finstock Company has not yet introduced the ‘Zero Revenue Sharing with Prepaid’ scheme for their clients.

The offers can easily be availed by all Bansal Finstock Authorized Person once they register with Bansal Finstock.

Bansal Finstock Franchise or Bansal Finstock Authorized Person – Eligibility Criteria

Before discussing the criteria that are exclusive to Bansal Finstock, it is important to take a note of the statutory & regulatory requirements.

For an individual to be associated with the Bansal Finstock Company as a sub broker, the individual needs to be a compliant of the below mentioned eligibility criteria:

• While applying for sub broker, the applicant is required to be of a minimum 21 years of age.
• Applicants are required to fulfil the basic eligibility criteria like age, academics, qualification, experience, etc.
• The applicants are required to have basic knowledge and skills ob brokerage and they must possess experience in the field.
• The applicants are needed to have basic knowledge on computer.
• To be a sub broker at Bansal Finstock Company, the applicants are required to pass at least the 12^th standard from any institution that is authenticated by the Indian Government. A degree of graduation certificate will be an added benefit for the applicant who would apply to be a sub broker.
• The applicants are required to have a clean track record and should not be involved in any kind of fraud or dishonesty.
• They are needed to be fit and fine both mentally and physically.

How to become a Bansal Finstock Sub broker or Authorized Person?

• The form that is given to the applicant needs to be filled with putting correct details like age, address, Email ID, contact number, etc.
• The executive of the Bansal Finstock Company will again connect the applicant to confirm all the details given.
• The executive along with business team of Bansal Finstock Company will contact the applicant again to take the discussion forward.
• A meeting will be fixed after that between the applicant and the executive of the company where both of them will put their expectations and demands regarding security deposit, investment amount, revenue ratio, etc.
• A number of official documents are needed to be submitted by the applicant.
• After the execution of agreement, a sub broker ID will be handed with which operations of the account can be easily done.

Documents required to become Bansal Finstock Authorized Person

One needs to submit a minimum of the following documents:

• PAN,
• AADHAAR Card
• NISM and SEBI certificates
• GST Certificates
• Canceled Cheques
• Educational certificate
• Others

Know about other stock broking franchise:

Why Partner with Bansal Finstock?

• To open an account with Bansal Finstock Company, the security deposit that would be needed is refundable at the end of tenure.
• The sub brokers can enjoy the low deposit scheme and flexible revenue sharing system.
• Bansal Finstock Company has exciting offers for the sub brokers.
• The revenue sharing of Bansal Finstock Company is pretty high rising up to 75% of sub broker and the revenue collection of remisier exceeds up to 25%

Bansal Finstock Company Franchise Conclusion

The franchise Company has a huge revenue collection that exceeds up to 75%.

The program offers low deposit scheme. The infrastructure investment is well developed as it provides smooth internet connection, telephone lines, trading terminals.

Find more sub broker franchise review: click on the links below

Start your Broking Business with Bansal Finstock

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