Open IIFL Securities Account | IIFL Securities Account Opening Online Process Review


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IIFL Securities Account Opening Charges 2020

IIFL Securities account opening charges are ₹250 (Currently waived off) for a trading account and ₹0 for Demat account. IIFL Securities charge ₹250 (Free for first year) AMC for Demat account.

TransactionCharges
Trading Account Opening Charges₹250 (Currently waived off)
Account AMC Charges₹0
Demat Account Opening Charges₹0
Demat AMC (Yealy)₹250 (Free for first year)

IIFL Securities offers trading and demat account to trade online and offline at BSE, NSE, MCX and NCDEX. IIFL Demat Account Opening is available online as well as offline through the network of branch offices.

IIFL offers a wide range of investment options through its trading and demat accounts. This includes Stocks, Derivatives, Commodities, IPO, Insurance, FD, Loans, Bonds etc.

The IIFL Full-service account comes with a free research-based advisory service, personalized in-person services through relationship manager and taking personal FD as collateral for margin funding.


IIFL Account Opening

IIFL offers account opening in 2 ways:

1. IIFL Offline Account Opening (In-person)

The best way to open an account with IIFL is by requesting a callback from the IIFL representative. Once you submit the request, a person from your nearby IIFL branch will call you, visit your home and open the formalities of account opening.

2. IIFL Online Account Opening

You can open an instant and paperless account with IIFL if you have your Aadhar Card linked to your current phone number. The process is simple and 100% online. No paperwork requires to open an online account.

IIFL Account Opening Procedure

Note: Please keep your PAN card, Photo (or you can also click one using your webcam/mobile) & cancelled cheque handy to complete the process quickly.

Step 1 - Register

  • Visit https://eaccount.indiainfoline.com/
  • Enter name, email id and mobile number.
  • You will receive an OTP on your mobile number.
  • You will receive a link on your registered email id. Click on the link and enter the OTP.

Step 2 - Personal Details

  • Enter your PAN Number, Date of Birth and Aadhar number.
  • You will get an OTP to validate your Aadhar.
  • IIFL will pull all your personal detail from the eKYC Database.

Step 3 - Address Details

  • Validate or update your corresponding address.

Step 4 - Bank Details

  • Enter Bank Name, Account Number, Branch Name or IFSC code.

Step 5 - Other Details

  • Choose investment options and trading segments.

Step 6 - Upload Documents

Upload below scanned documents:

  • Pan Card
  • Photo (upload your picture or click a selfie using a webcam)
  • Cancelled Cheque (Cheque should have your name printed on it), if your cheque does not have your name printed on it, please upload a copy of your bank statement with account details.
  • Financial Documents/Income Proof (required for trading in Derivatives & Currency only): Accepted documents are Copy of ITR Acknowledgment, Copy of Annual Accounts, Copy of Form 16, Net-worth Certificate, Salary Slip, Latest Bank Statement or Copy of Demat Account Holding Statement.

Step 7 - Choose Plans & Make Payment

  • Choose a plan that suits you from a variety of popular plans offered by IIFL.
  • Make the payment.
  • Submit the application.

IIFL Account Charges

IIFL charge ₹250 account opening fee. This includes trading and demat account. The fee is currently waived for customer opening online account. IIFL charge ₹250 per year AMC for demat account which is free for 1st year.

IIFL offers 3 brokerage plans designed for different kinds of investors. The brokerage fee reduces as your trading volume increases. Check IIFL Brokerage Charges for more detail.


IIFL Account Opening Form

IIFL offers offline as well as offline account opening. You could download the IIFL PDF Account Opening Form, print it, fill it, sign it and send it to the IIFL office for account opening.

Steps to download IIFL Demat Account Opening Form

  • Visit IIFL Download Forms website.
  • Go to section 'Broking & Depository Account Opening Forms (CDSL)'
  • Click 'Individual' to download PDF form.

IIFL Account Opening Documents

To open a demat and trading account with IIFL, you have to provide documents like PAN Card, Photo and Cancelled cheque or bank statements. If you are planning to trade in derivatives (F&O), you are also required to provide valid income proof.

List of documents required to open IIFL Trading and Demat Account

  • Pan Card
  • Photo (upload your picture or click a selfie using a webcam)
  • Cancelled Cheque (Cheque should have your name printed on it), if your cheque does not have your name printed on it, please upload a copy of your bank statement with account details.
  • Financial Documents/Income Proof (required for trading in Derivatives & Currency only): Accepted documents are Copy of ITR Acknowledgment, Copy of Annual Accounts, Copy of Form 16, Net-worth Certificate, Salary Slip, Latest Bank Statement or Copy of Demat Account Holding Statement.
IIFL Securities Special Offer Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer

Frequently Asked Questions

  1. 1. How can I open an account in IIFL?

    You can open a trading and Demat account with IIFL either through online mode or offline mode.

    Steps to open IIFL account online:

    1. Visit www.indiainfoline.com and click on open a trading account or visit the IIFL Insta E-registration site and enter basic details.
    2. You will receive a one-time password (OTP) on the mobile number and a link on your registered email id.
    3. You need to enter the OTP received on your registered email id.
    4. After verifying the OTP; you need to fill the online Account Opening Form with the required personal details and the segment in which you would like to trade.
    5. On submission of the form online, an RM will contact you for the documentation.
    6. Upload the scanned copies of your PAN card/Aadhar card/Passport and Photographs. The bank statement may be required if you choose to trade in the derivatives segment.
    7. Once the documents are uploaded, the broker will conduct verification at their end.
    8. On successful completion of verified, the trading and Demat account is opened generally within 24 hours.

    Note: The account opening form and documents are required to be sent to the head office for record purpose.

    Steps to open IIFL account offline:

    1. For offline account opening you can either give a missed call on 08066719101 or request for a call by providing your mobile number and email here or visit the nearest branch of IIFL.
    2. An RM will connect with you or may visit you personally to take you through the entire account opening process.

     

  2. 2. What type of accounts are offered by IIFL?

    IIFL offers broking and depository (2-in-1 account) services to its customers to open a trading and Demat account. IIFL does not provide banking services to its clients as it does not have a banking license.

    You can open an account with IIFL to trade in the below segments:

    • Cash Equity
    • Equity Derivatives
    • Currency Derivatives
    • Commodity
    • Debt

    IIFL also offers Mutual Fund and IPO services.

     

  3. 3. Is IIFL a discount broker?

    IIFL is a full-service broker offering broking, depository, and advisory services to its clients. IIFL is a SEBI registered broker and a member of BSE, NSE, MCX, and NCDEX providing investment options across various range of products like Equity, Derivatives, Currency, Commodity, Mutual Funds, IPO, Bonds, etc.

    5paisa is a discount brokerage business promoted by IIFL promoters. Though it uses IIFL infrastructure, it works as a separate business entity. 5paisa.com offers low-cost online trading services in equity, derivatives, currency, and commodity.

    Read Discount Broker vs Full-Service Broker in India for more details.

     

  4. 4. How to close India Infoline demat account?

    If you want to trade in shares, you need trading and demat account. IIFL offers both the account to its customers. It's advisable to have the demat and trading both the account with the same entity to avoid any settlement issue. If the demat account is not in use, you should close the account as it attracts annual fee and maintenance fees. If you have any security lying in that account, it's a great idea to transfer in other demat accounts which you are using it actively.

    Steps to close the demat account

    1. First, you have to submit the application. You can download it from the DP website and print it. Or click here to download the form.
    2. Fill all the basic information like client ID, DP ID, name, address and the reason for closing the account.
    3. All account holders should sign the form.
    4. Submit the form to the nearest branch or courier it to the address given in the form. After submitting the form, it will take about 7 to 10 days to process the request.

    Please Note:

    1. The account should be clear. If there is any debit or credit balance on the account, they have to be settled before requesting the account closure. Moreover, if you start the process without settling the negative balance, DP can reject the request of closing the account.
    2. If your account contains any shares they should be transferred in other demat accounts
    3. Submit the unused delivery instruction booklet slip back to the DP

     

  5. 5. How to close IIFL Demat account online?

    IIFL Demat account closure process is completely offline wherein you have to fill and submit a physical form. IIFL does not allow/offer online closing of the Demat account.

    It is advisable to close your Demat account if you're not using it, to avoid paying AMC and other charges.

    Steps to close the Demat account:

    1. Download the account closure form from here by selecting the right option.
    2. Fill all the required information like client ID, DP ID, name, address, and the reason for closing the account.
    3. All account holders must sign the form.
    4. Submit the form to the nearest branch or post it to the address provided in the form. It takes about 7 to 10 days to process the account closure request.

    Key Points to remember:

    • Clear all your pending dues as the company may reject the account closure request.
    • Transfer any securities held in the IIFL Demat to another Demat account.
    • Submit the unused DIS (delivery instruction slip) to the DP.

     

  6. 6. Which type of company is IIFL?

    IIFL Securities (formerly India Infoline) is a stock broking company offering its services to residents and non-residents.

    IIFL Securities is a full-service broker offering trading and investment services in equity, commodity, currency, and derivatives. It also offers various other financial products like Mutual Funds, IPOs, Bonds, Insurance, Loans, and FDs in addition to research and advisory services to its customers

     

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Information on this page was last updated on Thursday, October 29, 2020


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