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IIFL Securities Demat Account Charges, Review, Opening

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IIFL Demat Account is an online account to keep equity shares, mutual funds, bonds and ETF in electronic format. The demat account is commonly misunderstood with a trading account that allows customers to trade in stock markets.

To trade online or invest in the stock market, you need two accounts; a trading and demat account. The trading account enables you to buy and sell shares. The demat account is like a bank account but instead of money, it holds securities company shares, mutual funds and ETFs in electronic format. Demat account is a safe and convenient way to invest in the stock market online.

IIFL Demat Account Review

IIFL or India Infoline is a leading full-service broker offering both trading and demat accounts. IIFL offers a demat account through its membership with NSDL and CDSL depositories.

NSDL and CDSL are two government-approved depositories that hold your shares. IIFL has depository participant membership, which allows the company to open and service demat accounts. IIFL only acts as an intermediary between the customers and central depositories.

IIFL charges an Rs 0 (free) demat account opening fee. The fee is currently waived off of customers opening an online account. The depositories also charge demat transaction charges for every transaction. There is also an Annual Maintenance Charge (AMC) of Rs 250 which customers have to pay every year (free for 1st year).

IIFL Demat Account is safe and secure. Similar to all other brokers, the demat account is actually with the depository (CDSL or NSDL). The shares you hold in the demat account remain with the depository and not with IIFL. IIFL works as a service agent.

10 Reasons to open Demat Account with IIFL Securities

  1. 100% paperless account opening process.
  2. Flexibility to choose your central depository (CDSL or NSDL).
  3. Linked with the trading account for a seamless trading experience.
  4. Hold all your shares, mutual funds and ETFs in electronic format.
  5. Access to in-depth research and expert recommendation.
  6. Dedicated Relationship Manager
  7. Facility to freeze the demat account
  8. Online access to the Demat account
  9. Dedicated Customer Support with multiple channels of servicing
  10. Branch facility to address demat related issues

IIFL Demat 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. The newly opened account gets activated for trading on the same day.

Steps to open IIFL Demat Account

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.

  1. Visit IIFL Online Account Opening Website
  2. Enter name, email id and mobile number.
  3. You will receive an OTP on your mobile number.
  4. You will receive a link on your registered email id. Click on the link and enter the OTP.
  5. Enter your PAN Number, Date of Birth and Aadhar number.
  6. You will get an OTP to validate your Aadhar.
  7. IIFL will pull all your personal detail from the eKYC Database.
  8. Validate or update your corresponding address.
  9. Enter Bank Name, Account Number, Branch Name or IFSC code.
  10. Choose investment options and trading segments.
  11. Upload scanned copy of Pan Card, Photo and Cancelled Cheque or Bank statement.
  12. Choose a plan that suits you from a variety of popular plans offered by IIFL.
  13. Make the payment.
  14. Submit the application.

Your account will open in few hours after validating all the information and documents. You will be informed by a welcome email and call once your account is active.

IIFL Securities Demat Account Opening Charges

To open a new Demat account with IIFL Securities, the customer may have to pay Demat account opening charges. The broker may also charges Annual Maintenance Charges (AMC), a yearly fee to maintain the Demat account.

Demat Account Opening FeeRs 0
Demat Account Annual Charges (AMC)Rs 250 (Free for 1st year)

IIFL Securities Demat Charges

IIFL Securities trading and demat account opening charges are Rs 0 (Free). IIFL Securities charges Rs 250 (Free for 1st year) per year demat account AMC. IIFL Securities demat debit transaction charge of Rs ₹25 per debit transaction per debit transaction.

ID Transaction Charges
1 Demat Account Opening Charges Rs 0 (Free)
2 Transaction Charges (Buy)
3 Transaction Charges (Sell) ₹25 per debit transaction
4 Annual Maintenance Charges (AMC) ₹250 (free for 1st year)
5 Demat + Courier charges ₹15 per certificate
6 Remat ₹15 per certificate
7 Pledge Creation ₹10
8 Pledge Creation Confirmation ₹0
9 Pledge Invocation ₹15
10 Failed Transactions
11 Other Charges Conversion of MF units: ₹0, Reconversion of MF units: ₹0, Courier Charges: ₹100 per request

IIFL Securities Special Offer

Flat Rs 20 Per Trade Brokerage + Free Account Opening

  • Flat Rs 20 per trade brokerage for delivery, intraday and F&O +
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This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.

Frequently Asked Questions

  1. 1. What is IIFL Demat account?

    A demat account is an online repository where securities like shares, mutual funds etc., bought by you are held in digital formats. It works like a bank account. The bought securities are credited in the Demat account and sold securities are debited from the account.

    On opening an account, you will be provided with a Demat account number which needs to be provided during every trading transaction. You can access the account online to get a complete view of your holdings and portfolio.



  2. 2. Is it compulsory to open a demat account with a trading account in IIFL?

    No, it is not compulsory to open a Demat account with a trading account. However, it is advisable to open a Demat as well as a trading account with one broker for seamless transactions.



  3. 3. Who can open a Demat account with IIFL?

    IIFL provides its services to both individuals and institutions. Resident Indians, NRIs and Minors can open an account as individuals while Corporate Partnership firms, Registered/Unregistered trust and societies, Association of Persons (AOP), Banks, Mutual funds and LLP (Limited Liability Partnership) can open accounts as institutions.



  4. 4. Why do I have to sign a Power of Attorney to open a Demat account with IIFL?

    IFFL asks its customers to sign a limited purpose Power of Attorney (PoA) while opening a Demat account. The PoA gives a written permission from the customers to IIFl to perform certain specific Demat activities like to debit the securities from the Demat account.



  5. 5. What is a Depository Instruction Slip (DIS) in IIFL?

    A DIS is an instrument to transfer securities held in one Demat account to another within the same Depository or between Demat accounts held with different Depositories.



  6. 6. Can I open a joint Demat account with IIFL?

    Yes, you can open single, joint or account with multiple partners. However, you can only open a single trading account.



  7. 7. Why do I have to link my bank account with IIFL Demat account?

    Securities held in a Demat account earn bonuses, dividends etc. This money is directly transferred to the bank account linked with the Demat account.



  8. 8. Can a minor open a Demat account with IIFL?

    Yes, a minor can open a Demat account. A legal Guardian is appointed and his/her KYC documents are submitted along with documents of the minor.



  9. 9. I already have a Demat account. Can I open multiple Demat accounts with IIFL?

    Yes, there's no restriction on opening of multiple Demat accounts. However, Demat accounts attract AMC fees to be paid every year, so it is advisable that you open Demat accounts only as per your need.



  10. 10. How to close IIFL Demat account?

    You can close your IIFL Demat account by submitting an account closure request to the IIFL office. A customer can download an account closure form, print it, fill it, sign it and send it to the broker to close the demat account. Note that you cannot close your account online, by phone, or by email.

    Steps to close IIFL Demat account

    1. Download 'Account Closure Request Form' from the IIFL website's Download Forms options at the bottom of the website.
    2. Fill the form with the required information and sign it.
    3. Courier/Submit the form to the nearest IIFL branch or the company head office.

    Before submitting the closure form, ensure to transfer/sell the holdings from your Demat account and clear all the outstanding dues, if any.

    IIFL takes about 7-10 working days to complete the account closure process.



  11. 11. How to know Demat account number in IIFL?

    The IIFL Demat account number is a 16-digit number consisting of DP ID and Client ID. Both are of 8 digits each. IIFL is a depository participant (DP) with both NSDL and CDSL. The IIFL DP ID for NSDL is 'IN302269' and CDSL is '12044700'.

    You can contact the customer care number to know your client ID. A sample Demat account number for IIFL customers for CDSL DP is 1204470012345678 and for NSDL DP is IN30226912345678.



  12. 12. How to open IIFL Demat account online?

    For opening an IIFL Demat account online, you need to visit the IIFL Securities website. You are required to follow below simple steps for online account opening.

    1. Enter your mobile no. and email ID on the IIFL website.
    2. Verify the mobile number and email id through the link sent on registered mobile no. and email ID.
    3. Enter the PAN number and Date of birth to verify the PAN.
    4. Verify the personal details.
    5. Provide the bank details.
    6. Upload your photo and signature on white paper.
    7. E-sign the account opening form with Aadhar.
    8. Enter the Aadhar No. followed by OTP to verify the Aadhar.
    9. Receive a welcome email once the form is validated by IIFL.



IIFL Securities Account Opening Enquiry

Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

Information on this page was last updated on Thursday, November 23, 2023

Special Offer: Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.


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