IIFL or India Infoline is a famous equity and commodity broker which has immense repute in the market for their excellent services, especially when it comes to the research and advisory section. They provide these services when one opens the IIFL Demat Account and IIFL Trading Account with them.
These accounts are necessary for starting your trading and investment work. IIFL is one of the premier financial brokerage services providing company in the country, it has excellent services and products and it is not only having its presence in the country but also globally.
In this article, you will read about the different benefits that you can get entitled to when you open a Demat account with IIFL and also the advantages and facilities of the trading account of IIFL.
We will further cover the account opening procedure and many other details so that you can easily understand and choose the right option for your trading and investment purpose.
|Depository Participant||NSDL & CDSL|
|Account Opening Charges||Rs.1300|
|Demat AMC||Free or Rs.300 per Annum|
|Margin Required||Minimum Rs.25,000|
What is IIFL Demat Account & its Benefits?
IIFL Demat Account is the account provided by IIFL where your shares and securities you invest in getting stored. It is electronically handled and works as a stock savings account. A demat account holds the electronic share certificates of all the purchases/investments you made in the market.
Earlier, there were physical share certificates but with the digitalization of the trading process, now the share certificates are in electronic form and get stored in your Demat account.
So, it is necessary to have a Demat account to make any stock market investments whether you do it directly or indirectly via mutual funds and others.
The benefits of the India Infoline Demat account and related services are –
- It offers all the services of a full-service brokerage house. There are research and advisory wing as well.
- It has a network in other countries.
- The firm provides exceptional advisory in the field of Mutual funds and all their recommendations are free of cost.
- You get a variety of investment options to invest from and also trade. This allows you to diversify the portfolio.
- There are SIP plans as well where you can invest on a regular basis.
Open Demat Account with IIFL Now! – Fill up the Form
What is IIFL Trading Account & its Benefits?
IIFL Trading Account is required for the trading of shares and other financial instruments in the secondary market. India Infoline trading account helps you place the orders of the shares that you want to trade. It is done using trading platforms and terminal software.
The trading account is the link between the IIFL Demat and the bank account of yours which you have to link to the trading account. When you will place an order on the trading platform using your trading account, the shares you purchase or sell will get credited or debited to the Demat account of yours.
Accordingly, the money from the bank account will be debited or credited (respectively). So, a trading account is mandatory for trading online and offline both as, in online trading you place the orders on your own, and in offline trading, the executives in IIFL will place the order on your behalf.
So, now the advantages of the IIFL Trading account are –
- It offers huge leverage on most of the segments.
- It has also margin funding facility against your Fixed Deposit.
- Exceptional trading platforms are provided by this firm especially the TRADER Terminal.
- There are branches and franchises of this firm across the country in every city.
You can check Demat Account details of other Brokers
What are the IIFL Demat Account Charges?
|Which is the Depository Participant involved?||NSDL & CDSL|
|What are the Demat account opening charges?||Rs.1300|
|How much is the Demat Account AMC ?||Free or Rs.300 per Annum|
|What is the Trading Account AMC?||Free|
|What is the initial Margin amount required?||Minimum Rs.25,000|
|Is there any dematerialization available?||Yes|
You can open IIFL Demat account for Rs.1300 which is the IIFL Account Opening Charges. IIFL Demat Account Charges is pretty high as compared to most of the other brokerage houses in the country.
However, it is a one-time fee that you need to pay to start the Demat and trading services. There are no extra charges for opening the trading account and it comes for free with the Demat account. There is also a dematerialization service available.
How much is IIFL AMC or Annual Maintenance Charge?
The IIFL AMC is Rs.300 for the Demat account but it can be completely waived off with the offers provided by the firm from time to time. So, then you won’t need to pay any annual maintenance charges as well.
On the trading account, there are no annual maintenance charges only. It is completely free of cost. However, there is a margin money requirement. You need to keep at least Rs.25000 in the trading account of yours to carry on trading.
How to Open IIFL Demat Account?
If you are thinking how to Open IIFL Demat Account, here is the link for you.
- Click on the “Open Demat Account” button from this page and you will see a form appearing on your device screen which you need to fill with the correct details.
- Once you are done with the form filling, submit the same, and then you will see another page opening.
- On that page, you have to upload the documents that are required for verification. The major requirements shall be your PAN card, Aadhaar card, a passport size photo and Cancelled cheque
- The firm will verify your details and open the account on the approval of the application. You may also receive a call from the company executives for verification process.
Find out Demat Account Opening Process of other Brokers
General FAQs on IIFL Demat & Trading Account
Here are the general FAQs of IIFL :
Does IIFL provide a Free Demat A/C offer?
Yes, you get a free Demat account offer from IIFL.
Does IIFL provide Free Trading A/C offer?
No, there is no free trading account offer that IIFL provides to the clients.
Is IIFL offering Discount on Brokerage?
No, the firm provides no discount on the brokerage charges.
Does IIFL offer Happy hour trading to their clients?
No, there is no Happy Hours trading facility or offer availed with IIFL.
Is IIFL providing a flexible brokerage plan?
Yes, the firm offers flexible brokerage plans.
IIFL Demat Account – Conclusion
IIFL Demat Account is one of its kind with its excellent services and facilities. There are multiple benefits that you can reap by using the Demat and trading services of IIFL.
You get a plethora of investment options and exceptional trading platforms for trading. With IIFL, you get one of the best research and advisory services in the market.
Open Trading Account with IIFL Now! – Fill up the Form
Here are full demat account review of other brokers
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