IIFL z20 Plan

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The IIFL z20 plan is a new brokerage plan introduced by IIFL in the stock market. This Plan offers relatively lower brokerage than its other schemes or programs. However, before moving further, let us discuss the IIFL first!

IIFL is also popularly known as India Infoline and was incorporated in 1995 by Nirmal Jain

IIFL is a full-service Hybrid stockbroker, which means that it also offers discount brokerage facilities to its customers along with full-services.

With more than 2400 branches across India, IIFL provides its customers with a plethora of trading and investment segments such as:

 

Through this article, we will discuss the IIFL z20 plan, its brokerage charges, and other details in brief.


IIFL z20 Plan Details

Z20 Plan of IIFL is for the traders and investors looking for a discount brokerage facility with the IIFL. 

However, before the discount brokerage facilities, IIFL was offering the services as a traditional broker. 

With the passage of time and increase in the competition of the brokerage industry, IIFL has launched its discount brokerage services with the name of the z20 Plan.

This Plan offers a flat rate for trading in various segments, which are quite a bit lower than other packages. 

The package or the Plan can be opted by any investor or a trader irrespective of the segment in which they are interested in.


IIFL Securities z20 Plan

IIFL Securities z20 Plan is a complete package of discount brokerage facilities that customers can avail in a simple, quick, and paperless ways.

The complete and detailed information in regards to IIFL z20 Plan is shared as below:

 

Along with these brokerage charges, there are some other charges too levied by the IIFL while doing transactions such as STT, GST, and other taxes. 

Below are some of the other charges that are applicable to the trader or investor while buying or selling scripts through z20 Plan:

 


IIFL z20 Plan Activation

With a simple and easy process, an investor or a trader can activate the IIFL’s z20 Plan. Once you have a Demat account and Trading account with this stockbroker, follow the method to select this brokerage plan:

  • Offline :

To activate the z20 Plan with IIFL, you can visit their nearest franchisee or branch office. Your Relationship Manager can also assist you with the same. 

The IIFL representative at the branch can ask you some basic questions in regards to your account, and thus, your z20 Plan will be activated.

However, in certain cases, you might also be asked to fill an application form filling details related to your account.

  • Online:

 The online method is also a quick way to opt IIFL z20 Plan for your trading and investment needs. Once you open a Demat account with IIFL, you can choose the IIFL z20 Plan as your brokerage plan.

You can also talk to the IIFL customer support service or write to them on their mail by mentioning all your account details. 

Through the offline or online way, you can easily activate your z20 Plan and can trade smoothly.


Closing Thoughts

IIFL, being a full-time stockbroker, is widening its business boundaries by moving towards the discount brokerage services too. 

Recently, IIFL has launched its new brokerage plan in the stock market, which will be offering its discount brokerage plan named z20 plan.

With ease, traders and investors can activate this Plan by paying flat brokerage charges per transaction. Hence, they will do not have to pay high transaction costs for their trading process. 

This change in the broking services will give a new boost to the India Infoline because new traders and investors who do not want to pay in “percentage” or who do not find the other brokerage plans as per their requirement can opt for this discount brokerage plan at the affordable rate.

The IIFL z20 Plan is available for the traders and investors putting their money in various segments such as Equity, Mutual Funds, Derivatives, Currency, Commodity, etc. on their different trading platforms. 


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