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

IIFL Securities Account Opening

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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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