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

IIFL Securities Account Opening

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.

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.

Open Instant Account - Start Trading Today

Topic: IIFL Securities Demat Account Review

Comments

Add a public comment...

Find more questions on this topic

What is IIFL Demat account?
Is it compulsory to open a demat account with a trading account in IIFL?
Who can open a Demat account with IIFL?
What is a Depository Instruction Slip (DIS) in IIFL?
Can I open a joint Demat account with IIFL?
Why do I have to link my bank account with IIFL Demat account?
Can a minor open a Demat account with IIFL?
I already have a Demat account. Can I open multiple Demat accounts with IIFL?
How to close IIFL Demat account?
How to know Demat account number in IIFL?
How to open IIFL Demat account online?

Ask Your Question