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

IIFL Securities Account Opening

Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for 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.

 

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