India Infoline Limited abbreviated as IIFL Securities is a Mumbai-based broker that offers retail brokerage, financial services, and advisory. Incorporated in 1995, the retail broker is a part of the IIFL group – which is India’s leading financial service provider. Tempted on IIFL Demat account opening but not sure about the procedure? We’ve got your back!
IIFL offers Demat services for both CDSL and NSDL and allows its users to trade across BSE, NSE, MCX, and NCDEX segments.
Having an IIFL Demat Account means being able to view your entire trade portfolio at one place with high-speed staring platforms.
In this article, we will discuss how to open a Demat Account with IIFL. Stay tuned!
India Infoline Demat Account Opening
At times people tend to get confused about how to initiate the trade and many among them search for how to open NSE account.
Well, opening the NSE account is simply a gateway where again you have to pick the broker who can offer you a great trade experience.
To step into the trading world it is important to have the right guidance as well. IIFL offers you all the assistance that you are actually looking for through its branches located in various cities such as Jaipur.
Before jumping into details, let first clear the confusion of the Demat account and the trading account. Most beginners are not able to understand the difference between the two.
So here is a brief part that helps you in getting your queries clear.
While both of these are related to each other, they are not the same. A trading account only enables you to buy and sell shares but a Demat account holds your shares, mutual funds, & ETF in a dematerialized/electronic form and also allows IPO investments.
An IIFL Demat account can be linked to your trading account as well. This helps you to gain a unique experience of IIFL trading. Besides, it helps you to carry out in-depth research and get an expert recommendation.
By opening the account with the firm, you can start investing in different IIFL Products like equity, commodity, currency right away. One of the biggest advantages of opening an account with the broker is that it doesn’t charge brokerage for delivery trading.
This method is 100% online and requires zero paperwork. Also, it will take about 24 hours for your Demat account to be opened officially. This time is taken to validate and cross-check the documents and data provided by you.
Once your account is opened/active, you will receive a “welcome email” by IIFL on your registered email id.
This mail contains your IIFL Demat user id and the initial password. In case you do not receive the mail, check your email settings to ensure that the mail has not been sent to junk.
If you still don’t find it, follow-up with the IIFL customer support.
Note that your IIFL Demat account number is none other than your user id that is sent by the broker on your registered email. Use it to log in to your IIFL account.
If you have already logged in for the first time, you may change the initial password and use the new password for further logins.
IIFL Demat Account Opening Offline
If your Aadhar is not linked to your mobile, you can opt for the offline method of the IIFL Demat account opening. Here you need to fill the account opening form and submit it with all supporting documents.
This is a very simple process wherein you just need to request a callback by providing your email and mobile number. The IIFL representative will visit your given address personally and you can understand the entire process in detail before initiating it.
Alternatively, you can also locate and visit the nearest IIFL local branch and get your Demat account opened there.
IIFL Demat Account Opening Form
This applies only to those opting for the offline method of account opening. You can either download the form online or get it from the nearest IIFL branch office.
Alternatively, you may also schedule a personal visit and the IIFL representative and provide you with the Demat account opening form.
You can download the Demat Account by visiting the IIFL website.
Once you have opened an account with IIFL, you enjoy the perk of IIFL DP ID.
A Demat account with IIFL allows its clients to access the firm’s trading and advisory platforms like IIFL Markets and IIFL AAA. Where you get the acccess for IIFL AAA Tab.
You can check your IIFL Demat account details in your registered email after 24 hours of application. Along with this, if you opt for signing POA, in which on filling the IIFL POA form, your broker would be able to do trade on your behalf directly from your Demat Account.
Further, you may also contact the customer support or local branch to follow-up on the IIFL Demat account status.
We hope that this article helped and you now know how to open a Demat account in IIFL. Happy trading!