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.
Stock Broker Review Ratings
207. BIJU.B.S Aug 29, 2010 12:54:08 AM IST | Reply
I am having a trading account in IIFL.They are very tricky fellows in looting the customer .I will list them one by one.Generally they adopt this tactics to fairly new cutomers.They will not disclose the charges one has to bear.RMs are also unaware of this or seems to be ignorant.
1. DP charges (They will not disclose about the annual DP charges scheme of Rs 600/- Even if the monthly charges exceed Rs 600/-regularly they fail to convey the best option. 2. In the name of RMS (Risk management Scheme) they will sell your holding selectively taking one each from every scrip in order to boost the DP charges.This sell they wil intiate when we keep the normal trading margin .This to boost the DP charges.(Is it RMS for customer or RMS (Rapid Money Squaring )for IIFL 3. There is much delay in transferring stocks into DP. 4. Suspectable manipulation in dividend crediting . By adopting all these tactics they are thriving on and on offering lowest brockerages and looting the customers.
HI I am neha from muzaffarnagar . maine apna demait account indiainfoline mai open karaya tha par muje usse koi fayada nahi ho raha h .na hi to kabhi waha se kisi broker ka koi advice milta h aur na hi vaha se koi new information gain hoti h isi liye mera expriyence to indiainfoline ke sath bekar raha aur na hi mai kisi ko yaha account open karane ki slha dugi. thangs
infoline is the world biggest cheater.RM useing my money for their commision.Don't open account in infoline. I have opened account and they have charged brokerage more than which they have promised while opening the account. i filled the form for account closing and given to my RM four month before after 2 month when i called him he told that you did not given your pan card copy then i personly given him after that he left the job.when i called 044-40071000 they inform your account will not closed because your balance only Rs.75/-.when i have given the request for closing that time in my account balance was 1000/-.i inquired in branch i come to know that debit was 275/& 660/ for special scheme( P).i want reply form infoline that show any proof that i adopted any scheme.this is done by their staff to cheat the customer. now for closing the account they are asking Rs.250/-extra this is clear cut cheating.
204.1. SUBHASIS CHATTERJEE May 18, 2013 6:14:13 PM IST |
JUST GO TO THE NSE SITE AND PUT A COMPLAIN AGAINST IIFL. YOU HAVE NOTHING TO DO AFTER THAT. THEY WILL DO THE NEXT. PLEASE DO THIS AS I HAVE DONE ONCE AND GOT THE RESULT WITHIN 1 WEEK. PLEASE EMAIL ME AFTER GETTING THE RESULT AS I SAY. THANKS
I AM HAVING DEMAT A/C WITH INDIA INFOLINE AND DO NOT HAVE ANY PROBLEM WITH IT. MY R.M. IS VIVEK SHARMA, HE GIVES ME INFORMATION EVERY TIME AND SMS ALSO.MY EXPECTED RETURN WAS 5% BUT HE GIVES ME ABOUT 12% TO 16% PER MONTH. THIS EXPERIENCE WITH ME IS FROM LAST 3 MONTHS.. THANKS A LOT TO IIFL....
Don't open account in 5 paisa. I have opened account and they have charged brokerage more than which they have promised while opening the account. They do not listen to your complain and solve your problem.
hey, i do have a demat account in india infoline from 3 years...bt i used it rarely....now i m interested in using it frequently....i m trying to get the password for my client id bt m nt able to get it....then i changed my mobile numbr there thinking new password will be sent through sms ...nothing happened...mobile nubr gt changed...then i called Mumbai HO..they told me to invest min Rs 250000 to become online customer as i hvn't done trading from last 6 mnths....wat should i do now..suggest
199. pawan singh rajpurohit Jun 28, 2010 11:25:37 AM IST | Reply
india infoline is no. 1 broking company of india. always thinking for only client's profit & best services
198. RAJ SANDHU Jun 04, 2010 12:45:55 AM IST | Reply
HI all of u!!!!
The software trading platform in very good... And their brokerage charges are also very good mine is .3Paisa & .03 paisa but there are few disadvantages:Like.. 1-NDLS/cdls charges (go for annual Rs 600 plan) 2-No toll free no. 3- No mobile trading sit like ICICI direct on move
197. Suresh Madaan Jun 03, 2010 6:40:37 PM IST | Reply
i guess there are also better platforms available in the market like Motilal Oswal.i hear they have one of the best platforms.
IIFL is a sloppy brokerage with extremely poor back office. You may get help from your RM but most of the RMs do not respond. The charges for dematerialisation of shares are quite heavy @ Rs 61/- and Rs 16.55 for each delivery transaction; but you can opt for Rs 600 special annual scheme and save on delivery charges. On the whole, IIFL does not leave you very satisfied.
You need to meet RM of India Infoline Ltd of your city. Required documents are Add./ Identity / Bank proof Pan Card is Mandatory. You can post your contact details so any RM can meet you.
192. namit sen May 19, 2010 6:30:21 PM IST | Reply
i just wanted to choose between Motilal Oswal and 5 paise trading platforms!can someone pls give me information about it!
191. vasant m parmar May 11, 2010 10:25:58 PM IST | Reply
several time I have requested for online passward id, but the R M O of my branch has infomed me that the online trading facily can not provide for you by H.D.
190. kala saxena May 05, 2010 5:41:49 PM IST | Reply
The country's largest fund house, Reliance Mutual Fund, witnessed an increase of over Rs 1,400 crore in its average assets in April.
The company witnessed an addition of Rs 1,406.62 crore in its average assets under management (AAUM) to Rs 1,11,819.33 crore during the month, according to the data available with the Association of Mutual Fund of India.
189. Kajal Shah Apr 30, 2010 5:12:47 PM IST | Reply
In the MF market While crop funds are increasingly becoming popular among investors, some of the conservative market experts fear a deep credit squeeze or a string of payment defaults could result in loss of investments.i wonder how true that fear is?
Currently fund houses like Templeton, DWS, Reliance Mutual, Religare Mutual and Kotak Mutual Fund have crop funds with varying investment styles and structures.
Indiainfoline/5paisa account opening fees are Rs.750/- and the brokerage is 0.5% for delivery and 0.05% for intraday. Even though they promise you to give lower brokerages, they will never give the brokerages offered to you while opening the account. Their customer care, will ask you to contact your RM for the brokerage part and your RM will say, it has to be done by the head office. So you go on loops. So beware before opening account with 5paisa. Not worth trouble, as their research and intraday calls are not that good. They don't even send the daily market calls to your mailid!!! You have to keep calling your RM daily for the same... Worst experience so far with them. Waiting to close the account with them.