To invest in shares, bonds, mutual funds and other varied financial securities, it is mandatory to open a Demat account. It is also important to note that any profits booked by you by selling shares in your Demat account are liable to tax. That is why you need to be aware of tax implications on your Demat account according to the provisions of the Income Tax Act 1961.
With the returns from some investment products tapering in the last few years, equity has become a popular option with investors.You can have numerous Demat accounts in India.
A Demat account holds your shares and securities in electronic format. You need to select a depository participant (DP), which can be banks, financial institutions, brokers, or any entity authorised by SEBI to open your Demat account.
There are a number of different reasons why people want to change their stock broker. Often, traders find that they are getting lower brokerage rates and better service standards from another broker and may want to shift. Alternatively, your existing broker may have an online / app trading platform that is not very robust and you may be looking for a much better trading interface.
Demat Account is as important as having a bank account as it gives access to various investment options. Having a Demat account, it is easy to invest and trade in equities, derivatives, currency, commodities, mutual funds, and more.
A minor demat account is an account opened by a parent, or a legal guardian, in the name of a person below 18 years of age. Below are some of the problems that a minor demat account can help resolve:
To invest in shares, bonds, mutual funds and other varied financial securities, it is mandatory to open a Demat account. It is also important to note that any profits booked by you by selling shares in your Demat account are liable to tax. That is why you need to be aware of tax implications on your Demat account according to the provisions of the Income Tax Act 1961.
The Indian financial market offers investors numerous opportunities to invest and make hefty profits through different investment instruments. However, investing requires the knowledge and the fulfilment of numerous other processes before you can buy your first security.
With the returns from some investment products tapering in the last few years, equity has become a popular option with investors.You can have numerous Demat accounts in India.
If you want to participate in an Initial Public Offering (IPO), purchase shares, and start trading in stock markets, one of the first requirements is to have an online Demat Account. A Demat or dematerialised account holds your shares and securities in the electronic format.
A Demat account holds your shares and securities in electronic format. You need to select a depository participant (DP), which can be banks, financial institutions, brokers, or any entity authorised by SEBI to open your Demat account.
There are a number of different reasons why people want to change their stock broker. Often, traders find that they are getting lower brokerage rates and better service standards from another broker and may want to shift. Alternatively, your existing broker may have an online / app trading platform that is not very robust and you may be looking for a much better trading interface.
Demat Account is as important as having a bank account as it gives access to various investment options. Having a Demat account, it is easy to invest and trade in equities, derivatives, currency, commodities, mutual funds, and more.
The Conversion of Demat account to basic service Demat account can reduce the overall cost of the investment. Read on to learn how to convert a Demat Account to BSDA.
A Demat account, short for Dematerialisation Account, is necessary to invest in and hold stocks and shares. There were a total of 16.8 million Demat accounts in India in 2009 which increased to 30.8 million in 2017 and, subsequently, to 34.8 million in 2018. This rise of Demat accounts in India can be attributed to an increasing amount of awareness among the masses.
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