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 India Infoline (IIFL) Customer Reviews, Complaints, Experiences & True Feedback

India Infoline Limited

Incorporated in 1995, India Infoline (IIFL) is the brokerage firm of India Infoline Group, a fastest growing financial services solution provider in India. India Infoline is listed on BSE (532636) and NSE (INDIAINFO) for securities trading. IIFL off... Know more about India Infoline Limited

Stock Broker Review Ratings

Overall Rating Fees Brokerage Usability Customer Service 73 votes
Rated 3.0 stars Rated 3.1 stars Rated 2.9 stars Rated 3.5 stars Rated 2.9 stars Rate
              

266. Aamir  Jul 8, 2014 2:02:11 AM IST |  Reply 

I have opened my demat and trading account in June''''2009. and opted one time AMC charges of Rs. 555/-. List of Problem
1:- As i don''t trade more so IIFL stopped me using terminal but that was not a big issue for me i was comfortable on ttweb....

2:- Few week back i got a mail saying from 1st July, 2014 Monthly AMC of Rs. 40+ Service Tax will be charges. when i checked my ledger from beginning i was shocked they were deducting AMC per year 250+ i talked with RM he said you should raise this issue in beginning we cant help you now . then again i said let it be as my portfolio increasing i forget the charges which was deducted. one more thing they said from July but they have already started charging me from April WOOW a great Company . still i was not bothering .


3 :- I was paying brokerage rate of .05% for Intraday and 0.25% for delivery , one month back they mailed about 25 rs Minimum on delivery
i started thinking about shifting the account but was not serious bcoz some where my mind was saying IIFL is a such Good Company there is not too problem to pay 25 rs Minimum

4:- Today i got mail about revised 0.5% Brokerage that is just double of what i was paying 0.25%

it''s look that IIFL got lot of customer and want to remove some customer so why i should not help a such big company
Going To Off the Account Good Bye

265. Naveen Sachdev  Jun 26, 2014 3:05:13 PM IST |  Reply 

I also had an account. Brokerages were suddnly doubled and evry month maintenance charges are being asked. I am send documents for closing the account.

264. NC  Jun 20, 2014 11:56:15 AM IST |  Reply 

I was promised free AMC for lifetime and brokerage of 10p/1p. After 1 year, they mail saying that the AMC will be Rs. 40 per month and minimum brokerage will be Rs. 25.

They have even started charging for calling their customer care.

I have submitted a request to close my account and decided never to trust IIFL again

263. SUNIL KUMAR BOTHRA  Jun 4, 2014 11:53:32 AM IST |  Reply 

I have opened my demat and trading account in August''2010. One time charges of Rs. 555/- has been deducted for lifetime free AMC demat account. However now from 1st July, 2014 Monthly AMC of Rs. 40+ Service Tax will be charges. Is lifetime means 3 - 4 years for them??
Further, I has brokerage rate of .01% for Intraday and 0.1% for delivery which will be charges flat 0.5% June, 18 onward with Rs.25/- minimum brokerage per script per day.

I have mailed to Customer Care many times regarding this, however I have not received any reply from their side on this. Pathetic Customer Care services.
I do trading online only through terminal (now TTweb). My account RM call without checking the portfolio and said you have not traded since so many weeks while I have traded 3 to 4 days in a week.

Now looking forward to shift from India Infoline.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

263.1. Abid Afzal  Jun 17, 2014 7:09:24 PM IST | 

You & all the fellows who opened A/C by paying Rs 555 for lifetime free AMC are in same boat with me. Plus in my case IIFL shifted me to ttweb from their terminal indicating that I was not regular trader & if I want that terminal now I have to pay Rs 500 per month. This site is very slow as during trading hours so I have to their mobile version i.e ttm.indiainfoline.com

So I am shifted to SBICAP Sec for the time ( atleast SBI cover) till there some development from IIFL side as I have not closed A/C with IIFL by keeping the holding less than 20000.

262. SUNIL KUMAR BOTHRA  Jun 4, 2014 11:44:25 AM IST |  Reply 

I have opened my demat and trading account in August''2010. One time charges of Rs. 555/- has been deducted for lifetime free AMC demat account. However now from 1st July, 2014 Monthly AMC of Rs. 40+ Service Tax will be charges. Is lifetime means 3 - 4 years for them??
Further, I has brokerage rate of .01% for Intraday and 0.1% for delivery which will be charges flat 0.5% June, 18 onward with Rs.25/- minimum brokerage per script per day.

I have mailed to Customer Care many times regarding this, however I have not received any reply from their side on this. Pathetic Customer Care services.
I do trading online only through terminal (now TTweb). My account RM call without checking the portfolio and said you have not traded since so many weeks while I have traded 3 to 4 days in a week.

Now looking forward to shift from India Infoline.
Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

261. Kishore  May 22, 2014 11:57:50 PM IST |  Reply 

Today I got a email from India Infoline, where they mentioned that IIFL will AMC)​ as Monthly AMC Rs.40/- + Service Tax.

But I registred with them with Rs.0 AMC Statement of Account) Or Redemption / Rs.15 Per SOA / Redemption + Postal Charges Rs.40/- per request.



I think this charges will slowly make a big hole in my portfolio. Please advice me.

Thanks
Kishore

260. Geeta Rani Sharma  May 22, 2014 6:14:05 PM IST |  Reply 

Dueto mr rohit saxena,s fales statements and mis leads ,how ever i opeand a,dmat accounts infoline. i purchased and soldthe shears asper his instruction when i found that ihave purchased shares which will never give profit. i asked him to close my account immediately,i am sorry to say that after so many call and remianders it is not being closed.kindly do needfullto close my account
Thanks
Geeta Rani Sharma

259. Dr.Abid Afzal  May 20, 2014 1:09:36 PM IST |  Reply 

I opened A/C with IIFL in 2009 @ Rs 555 for lifetime plan.First they had provided me Trader terminal softwares. As I am long term invester, so trade very less. In the month of April 2014 , I came to know that I am transferred to TT web & If I want to trader terminal, than I have to pay Rs 500 per month as per their customer service provider. Now their TT website is total pathetic which works only sometime otherwise total irritation to customers.You cannot trade , cannot change orders in time , only thing you can do smoothly is log in & log out. This is my view & if not satisfied by IIFL fellows , I have to switch some other securiites

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Above Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

259.1. Rajinder Gupta  May 22, 2014 6:16:21 PM IST | 

I prefer trader terminal which work smoothly but no doubt, their website i.e ttweb.indiainfoline.com is horrible for day traders. Above all, IIFL fellows are too great, What will they get from long term investers who trade so less, So they transfer A/C from terminal to web page to decrease burden on terminal. This is not applicable to IIFL but to other securities who traps clients by schemes like Rs 555 for lifetime or free demat or trading A/c as there is no one in market to do social service. Here everyone wants to earn their bread & butter. So better go to Govt securiities though they charge more brokerage but will provide security but beware to call their customer representatives. Best of Luck

258. Pavan  May 14, 2014 3:08:04 PM IST |  Reply 

They provide a pathetic service. Their website doesn''t work properly and it will only lead to loss. Many a times when I had profit their website would become unresponsive. When asked they would say heavy traffic we are working on that. My sincere request to all is to avoid IIFL at any cost. They seem to have a policy to deliberately keep the customers at loss so that customers would keep on trading in IIFL. Added to the pathetic service you end up paying very high brokerage which is not at all justifiable.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

257. gilbert lobo  May 6, 2014 9:42:41 AM IST |  Reply 

your customer care numbers are always busy. Moreover you have removed the toll free numbers we have to wait to get your connection more than 10 minutes sometime why will have pay for that. It is really disappointing to maintain a account with you

256. Praveen  Mar 19, 2014 3:23:35 PM IST |  Reply 

Overall experience using the IIFL online trading is good. Would be great if few more features are added to the same which will attract more traffic and add value add to the customers.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Above Average

255. Ramana  Feb 5, 2014 5:59:20 PM IST |  Reply 

dear sir
i have commodity Account as inactive since one year so how can i reactivate my account

254. prasant  Jan 30, 2014 8:02:55 PM IST |  Reply 

Which bank a/c is required to open demat and trading a/c

253. Rajendra v dalwadi  Jan 3, 2014 5:32:00 PM IST |  Reply 

I m Rajendra vallavdas dalwadi, my id-RAJENVAL, PAN NO - AFPAD6519E, Please i no my trading running ya closed, my trading acc run to ms.Shneha Parekh, but one year no masage no, activity no, my balance zero ya some money, so please my acc continuing and tell me letest news, thanks .

252. Vishal  Dec 11, 2013 9:44:13 AM IST |  Reply 

Very poor customer care support and grievances dept one should close the a/c with such brokers

251. prakash  Nov 12, 2013 10:49:10 PM IST |  Reply 

India info-line charges very high brokerage charges. service is ok and even the online trade is good but you get profit hardly. they deduct heavy charges on the profit.N number of trading charges are very high. from 3 weeks they are not providing 0 margin only trade can be done with the cash available in the account. i want to close this account is there any other brooking gives good service!!!!

250. dhriti  Nov 1, 2013 1:28:19 AM IST |  Reply 

THEN WHICH ONE IS BEST ? SINCE IIFL IS NOT GOOD

249. Mastan Vali  Oct 25, 2013 8:28:20 PM IST |  Reply 

Dear Sir,

You have published "WRONG BROKERAGE CHARGES" of India Infoline Ltd. I am using their service.

Their intraday charges are "10 paise" at buying side and "10 paise" at selling side.

Please correct it in your post.

248. Manoj  Sep 16, 2013 10:59:48 AM IST |  Reply 

Trader terminal dies when commodity market goes on rally!

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Below Average
Overall Experience - Below Average

247. Chandan Roy  Sep 13, 2013 10:47:06 PM IST |  Reply 

Brokerage charge is huge in comperative to other brokerage services. Specially in future trading minimum 5 paisa per share is huge amount both in buy and sale for each share.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Average
Customer Service - Above Average
Overall Experience - Average

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