Some of the important IIFL forms along with their submission process is shared as below:
IIFL Account Closure Form
In case you no longer want to continue trading and investing in the stock market you can simply close the Demat account.
However, before closing it make sure that all the holdings are shifted out and no due or charge is pending against you.
Now, choose the IIFL closure form from the CDSL or NSDL. If your account was opened with CDSL, then under the CDSL category on the IIFL website choose the account closure request form.
Download the account closing form opened in a new tab and take its print out. Correctly fill and sign the form along with entering all the account related details.
Next, you can submit the IIFL closing form to your Relationship Manager (RM) or to the nearest franchise.
Apart from this, if the account holder wants to shift the account to another or wants to transfer the balance to another account, then Delivery Instruction Slip (DIS) is mandatory along with this closure form.
The process of account closure in CDSL and NSDL is quite a bit similar.
IIFL POA form
IIFL POA form, which is also known as Power of Attorney form, gives authorization to the IIFL to operate your Demat account. Through POA, IIFL can debit a share from your Demat account whenever a share is sold.
If you are buying or selling stocks online, then POA is a mandatory procedure since it helps in making the transaction process quick and smooth.
Thus, helping in delivering the shares in T+2 days without any delay or unnecessary penalties.
Simply follow the steps given above to navigate to the forms downloading section of IIFL.
Under the “other forms” section, click on POA Form. Take the print out of the form after downloading and fill all the required details along with your signature.
After filling all the details, submit the document at the nearest IIFL Branch where a representative will verify the details and send it for further processing.
IIFL KYC Form Download
As per the SEBI guidelines, KYC formalities are necessary to be fulfilled by all the investors and traders irrespective of the segment they are interested in or they are putting their money in.
On behalf of all mutual funds, a wholly-owned subsidiary with the name CVL (CDSL Ventures Ltd) issues and acknowledgement after carrying out the process of KYC.
CVL is an independent team of CDSL depository and thus special arrangement was done so that IIFL mutual funds investors can smoothly carry out the transaction process.
KYC facility for the investors is absolutely free of cost and the information is provided only once and the following documents are required to be submitted along with the form:
Address proof (ration card, water bill, electricity bill, passport, etc.)
Passport size photograph
In order to download the KYC form, simply click here. After attaching all the necessary documents along with the form, submit the same to your nearest franchise or contact your RM (Relationship Manager).
IIFL Nomination Form
The IIFL nomination form can be downloaded easily from their website. Choosing a nominee will allow an account holder to choose a person that can have access to all the holdings after the sudden demise of the account person.
Each CDSL and NSDL depositories have their own forms and formats to apply for a nominee.
Along with this, there are some rules and regulations that need to be taken into consideration while choosing a nominee.
Although an individual can choose a nominee, however, a non-individual body such as agency, society, firm, corporates, etc. cannot choose a nominee in each depository.
CDSL and NSDL allow an account holder to choose up to 3 nominees.
Simply download the nominee form and print it out. Enter the required details related to your account and details of the nominee. Further, send the signed form to the local branch of IIFL.
IIFL Bank Change Form
In case your account details have been changed or modified, you can update the same with IIFL by choosing the “change in the account details” form where you will be required to enter your complete details such as Name, Address, Bank details, DP details, etc.
These details will also include the proofs for making the changes in your account details.
Furthermore, if in case you are looking to change your residential or official address that is currently mentioned in your profile, you need to use the same “change in the account details” form, make the requisite changes, sign it and then send it the closest branch of IIFL.
Within 3-4 business days, your new address should be visible in your account profile.
As a separate thread, POA a.k.a Power of Attorney has always been an ambiguous spot for most of the traders.
It is always inherently felt that there are high chances that the broker may misuse the POA form that has been signed up the trading client.
Yes, there is a chance of that happening but looking at the overall stock market size, chances are minuscule.
Nonetheless, if you are looking to download the IIFL POA form, it can be done from here.
Since the IIFL forms are easily available on the website the account holder can easily make several changes related to his Demat account. The steps to find various IIFL documents is similar.
After navigating to IIFL official website, click on “download forms” in the below section of the page under Trading Documentation. This step will quickly take you to a new screen from where you can choose the form as per your requirement.
Select the form as per your trading depository and print it out. Fill the form with correct details and attach the documents required along with it.
After correctly entering the details, submit the form to the nearest IIFL branch or franchise. You can also share the form with your RM (Relationship Manager).
Lastly, in case you are looking to open your demat account, we can certainly assist you in taking the next steps ahead: