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Primarily Nirmal Bang Franchise is a Sub-Broker with other related services. We will start by highlighting some of the highlights. They share between 50% and 70% of the revenue, which is a decent standard for the industry.
The average pay-out time for them is usually a month. However, the activation time for their SB codes is generally between 20-30 days.
You may be disappointed to learn that Nirmal Bang Sub broker charges Rs75,000 to Rs2,00,000. This is a significant amount of money compared to similar companies.
| Nirmal Bang Sub Broker Highlight | |
| Top Business Model | Sub Broker |
| Minimum Initial Investment | Rs.75,000 to Rs.200,000 |
| Revenue sharing | 50%- 70% |
| Payout Time | 1 Month |
| Time to activate the SB Code | 20-30 days |
Before you consider the Nirmal Bang franchise as a business partner, it is important to understand its history. They are a private limited corporation that was established in 1986.
A company that has been in the stockbroker business for 33 years must be a full-service broker. Rahul Arora, the energetic founder of Nirmal Bang Sub Broker, is still the CEO.
As we have mentioned, the average time it takes to pay out is one month. The activation of the SB code takes around 20-30 days.
| Nirmal Bang Business Partner Overview | |
| This is the overview for Nirmal Bang Franchise | |
| Which type of company is it? - Public/Private | Private |
| What type of broker is it? | Full-Service Broker |
| Is the Headquarter in the right place? | Mumbai, India |
| Who is the founder? | Rahul Arora, CEO |
| What year was it established? | 1986 |
| Time taken to activate the SB Code? | 20-30 days |
| What is the time it takes to get paid? | 1 Month |
Let's start by defining what Nirmal Bang Franchise isn't. They are not a Remisier agency.
They don't receive a fixed commission for being an agent in a stockbroking firm. Nirmal Bang does not offer any referral programs or support Master Franchise.
They are a Sub broker, which are associated with stock trading activities but are not directly members. They are registered with SEBI and follow all its guidelines.
| Nirmal Bong Franchise Business Models | |
| Learn about different Business Models of Nirmal Bang | |
| Is there a Sub Broker model? | Yes |
| Are they able to refer people? | No |
| Offer Master Franchise Models? | No |
| Provide Remisier model? | No |
There is no referral program for Nirmal Bang so there is no share.
The same applies to Remisier and Master Franchise. Revenue sharing is not applicable as these services are not covered.
The Nirmal Bang Franchise revenue sharing applies only to their Sub Broker services.
The commission rate for Sub Brokers at Nirmal Bang is between 50% and 70%. The threshold for this commission rate is lower than other Sub Broker companies.
| Nirmal Bang Sub Broker Revenue Sharing | |
| Get the details of Nirmal Bang Sub Broker Commission on all Business Models | |
| Is Revenue sharing available? | 50%- 70% |
| Are they willing to pay you directly or share revenue? | NA |
| Estimated revenue sharing? | NA |
| Revenue sharing required? | NA |
We must also mention that Nirmal Bang doesn't offer services like a referral program and the security deposit isn't applicable. This applies to Remisier and Master Franchise.
These services are not offered by them, so there is no need for security deposits. The Nirmal Bang franchise cost is only applicable to its Sub broker services.
The minimum investment in Nirmal Bang Sub Broker must be Rs75,000; the maximum amount can go up to Rs2,00,000. The upper limit is not as high as you might think.
| Nirmal Ban Franchise Security Deposit | |
| Find out the Nirmal Bang franchise cost requirements for each business model | |
| Minimum security deposit for SB Program? | Rs.75,000 to Rs.200,000 |
| Referral Program: Is there a security deposit? | NA |
| The minimum investment for Franchise Model? | NA |
| deposit required for Partner Model? | NA |
There are a lot of critical services missing from Nirmal Bang Franchise Offers. Flat revenue sharing and zero-revenue sharing with prepaid service are absent. This missing service can be added to with a zero deposit offer.
Nirmal Bang Sub Broker has excellent revenue-sharing plans. New clients will appreciate the 10k deposit offer.
| Nirmal Bang Sub Broker Offers | |
| Below is a list of Nirmal Bang franchise offers for clients | |
| Are they able to offer flexible revenue sharing? | Yes |
| Do they offer Flat Revenue Sharing? | No |
| Are they able to offer a zero revenue sharing model and prepaid payments? | No |
| Are they offering a Zero Deposit Scheme? | No |
| Do they offer a 10k Initial Deposit Scheme? | Yes |
Nirmal Bang Partner Support includes high-quality Acquisition Training to help you set up your business quickly.
They then follow that up with a Dealing Training. This will allow you to learn how to deal effectively with clients of all sizes.
Next comes the ultimate Product Training session. This is essential and useful to fully understand their products and services.
Nirmal Bang Franchise Support is incomplete without their Back-office Support, Trading Support, and Marketing Support.
These support services add so much value to their overall business support. The only thing that is missing from this list is Advisory Support. We believe they should have implemented it by now.
| Nirmal Bang Business Partner Support | |
| These are the Support Nirmal Bang Franchises that must provide support to their clients | |
| Acquisition Training to their Associates? | Yes |
| Provide training for dealers of sub-brokers? | Yes |
| Product Training to their business partners? | Yes |
| Back-office support for the authorized person? | Yes |
| Trading support to their business partners | Yes |
| Do they share Advisory Support? | No |
| Any marketing support provided? | Yes |
After we've learned the basics of how they work, let's learn more about the Nirmal Bang Sub broker Infra requirements to become a business partner. At least three employees are required. Your office must be at least 200 square feet in total.
Unfortunately, this is not all. The Nirmal Bang Partner requirements program requires that you have trading terminals, stable internet connections, and a business phone connection.
You will need to use their research service as they do not have one.
| Nirmal Bang Partner Infrastructure Requirement | |
| Learn the Infra to open a Nirmal Bang Franchise | |
| How qualified are the employees required to open this franchise? | Minimum 3 |
| Is it required for the Sub Broker to provide trading terminals? | Yes |
| Do I need to run the franchise through the Internet Connection? | Yes |
| Is it required that business partners have telephone lines? | Yes |
| Is it required for Subbrokers to offer Research Services? | Yes |
| How big an office area is required? | Minimum 200 Sq Ft |
It is easy to meet the eligibility criteria for Sub-Broker at Nirmal Bang. These are the criteria:
The equity intraday service is charged by Nirmal Bang authorized persons at either 0.02% and 2p. The dynamic pattern of equity delivery is the same - either 0.2%, or 20p.
The equity options are next in line, with a price of Rs35 per lot. This is very affordable in comparison to the market.
For currency options, they charge Rs20 per lot. This is quite a good rate compared to other companies. Nirmal Bang Partner charges either 0.2% or 2p respectively for commodity futures, equity futures, or currency futures.
| Sub-Broker - Brokerage Fees for Clients | |
| These are the brokerage fees that Nirmal Bang Sub Broker charges their clients | |
| What are Equity Intraday Charges? | 0.02% or 2 pesas |
| What are the Equity Delivery fees? | 0.2% or 20 pesas |
| What is the charge for Equity Options? | For Rs. 35 per Lot |
| What are the Currency Options fees? | One Lot Rs.20 |
| What are Equity Futures fees? | 0.02% or 2 pesas |
| What are the charges for Currency Futures? | 0.02% or 2 pesas |
| What are the charges for commodity trading? | 0.02% or 2 pesas |
Nirmal Bang Franchise will charge a small fee before you can start. The minimum threshold for Margin money is Rs10,000. This is a difficult idea to accept, even though clients don't like it.
Nirmal Bang Sub broker charges Rs200 annum as well as the AMC for the Demat accounts. They don't charge transaction fees or charge any fee for AMC of Trading accounts. This is a key advantage.
They don't even charge any fees to open accounts with them.
| Nirmal Bang Franchise: Account Opening Charges for Clients | |
| These are the account opening fees that Nirmal Bang Franchise charges their clients | |
| What is the account opening charges? | Zero |
| What is the Margin Money? | Rs. 10,000 |
| What is the Demat AMC charge? | Rs.200 per Annum |
| How much do Trading AMC fees cost? | Zero |
| What are the Transaction Charges? | Zero |
People had mixed reactions to Nirmal Bang Franchise Ratings. Clients rated high because the revenue-sharing models are excellent. The security deposit section was also a success story, with clients showing respect and being highly rated.
It tends to drop from here. They scored a respectable score for their overall experience and the offer they made.
However, clients are not impressed with the Nirmal Bang Sub broker Review for their trading platforms or mobile app.
| Nirmal Bang Franchise Customer Ratings | |
| Client Ratings and Reviews against multiple parameters of Nirmal Bang | |
| Based on the Revenue Sharing Model of Franchisor | 3.8 / 5. |
| Ratings based on the security deposit provided by the company | 3.8 / 5. |
| Based on Experience in the Sub-Broker Business | 3.2 / 5. |
| According to the Broking Franchise Offers | 3.1 / 5. |
| Ratings for Mobile Trading Apps & Trading Platforms | 2.8 / 5. |
| Sub-Broker Franchise Ratings | 3.16 |
| Star Ratings |
Nirmal Bang Franchise is a seasoned company. Their experience is what they use to provide service to clients.
The client's inability to adapt to new technologies is the greatest disappointment. The mobile app and trading platforms are heavily criticized.
Nirmal Bang Sub-Broker is also well-versed in systematic.
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