ICICI Securities clientele is likely to be disrupted once this comes into force.
@Trisha my partner already applied via the form. Yet, no detail info on this. Letâs hope the AP are not asked to pay fees for it.
Exchange charges the fee not the broker. If some one has to be an AP they have to pay the reg and annual exchange charges.
I know their tricks. I have been an ICICI customer since 2007 - bank account, Credit Card etc.
e.g see this
FYI, Phonepe, Paytm are Discount brokers like Dhan and Aditya Birla is a traditional broker. Everyone has strength and weakness. Phonepe doesnât have AP/Franchise model as on date. Paytm offers 50% sharing for APs. And about ICICI, theyâve already shut down their B2B model. You need to prove first that Why & How your choice is better than other brokers.
No dear, it wonât be disrupted. They are already in the process of shutting down B2B model. All the employees will be mapped to their nearest ICICI Bank branches. They already knew about these things to happen. Thatâs why they de-listed ICICI Securities from Exchanges. And now their source of client acquisition will be through Banks only. FYI, the depository participant was ICICI Bank not ICICI Securities. ICICI Securities is still responsible for only Trading Accounts.
Here also 3 in 1 account is one reason to pull in customers. 3 in 1 will be disrupted by UPI block mechanism proposed by SEBI.
@t7support SEBI will not go through with the UPI block and even if they do, it would only be an alternative, as things stand today. Everything will be based on the adoption rate.
All these nuisances because of how Karvy messed everything.
Based on the news articles posted earlier it will be mandatory.
Ya think so
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No it will not be disrupted if Bank allows to check real time account balance through brokers app. The mechanism is still into discussion panel I think. As on date UPI limit is upto Rs. 1 Lakh per day. So first all those respected authorities need to increase the limit of UPI first which is again time consuming,
I think the multiple bank addition might be disrupted. Customer has to link only one account and then through the UPI mechanism, broker will be able to debit the transaction amount from customers bank. This will be a challenge for all banks and brokers to join hands together to provide customers a 3-in-1 account facility if upcoming UPI mechanism is introduced.
Can I be a Authorised Person for enjoy back my referrals
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It makes sense after all you work hard to help others introduce to the Indian stock market. Other brokers are still giving out their commissions alongside the one-time referral rewards.
No they donât. All brokers have stopped paying commissions to referral partners. They might be paying the dues for the business generated till August 31st, but effective September 1st none of the brokers will pay commissions.
You may check the article for more info.
@ameethwasckar @thetribaltrader @t7support On a lighter note, tighten the rules to make referral money, all the while, she earns through various other employment benefits and advisories. Donât ask me who is she. I donât know. 
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No she doesnât have any connection to this matter. She just wanted people not to lose money. Its NSE who has stopped the referral model. Here all exchanges want people to become their Authorised Person.
See what these exchanges did - First they increased the registation fees including cancellation fees. Second thing they want every AP to pay Annual Maintenance Charges. Here I think she shouldâve intervene but donât know whether she is aware of this or not.
Collecting AMC from each Authorised Person is like âââDhanda Karna Hai toh Hafta Dena Padegaâââ. Why pay AMC, if broker is not giving us terminals, nor any system access to manage the portfolio. Everything related to risk management is handled by broker but Exchange want APâs to pay AMCs.
Yes @thisisbanerjee I think she should intervene into this matter. See the outcome of this in the report which will come in January 2025. Client acquisition ratio will touch bottom point and most of the top brokers will be under pressure to generate income.
See the recent news â
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Hello Dhan Team, itâs very disheartening to hear about the discontinuation of Dhan referral program.
Recently I have referred fee people and they have opened their account through my referral. Itâs ok .
As you promised you will come back,
I believe you will not break our trust and come back with even more attractive referral program in the coming days
Till then best wishes to Dhan Team
With love
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Itâs due to exchanges, Dhan has no say in it.
NSE wants to earn money.
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Any fees?