rs 10 lac deposit is refundable when you surrender the membership card.It does not carry any interest but you get rs 1.5 cr limit to buy or sell shares on this margin where rest payment is to be made next day.So no question of payback. In delivery basis business HNI pay around 15 paisa brokerage ie. Rs 150 per purchase or sell of shares
A retail brokers with help of 3/4 hni and abt 50 clients in ayear will e very well off than working as a subboker with big channel partners.
Pl see new rules as an insurance agency.The concept of market maker and sme ipos for company with less than rs 10 cr equity is the growing area.
Pl study the practice of 2/3 year old succesful sub broker and get his view.
kishore ghiya 9825217857