Invest in equities, futures & options,
IPOs, mutual funds, commodities, etc
seamlessly at one place and achieve
your financial goals.
IIFL Securities demat account
seamlessly
integrates with your trading
& bank account
to give a hassle-free
investment
& trading experience.
IIFL Securities demat account comes
with various research based reports
&
recommendations to help you choose
the best investments.
IIFL Securities offers tailor made portfolio
management services based on your risk
profile. We also monitor & rebalance
your portfolio on a regular basis to
maximize your goals.
IIFL Securities demat account
offers
multiple tools like options strategy
builder,
algo trading, advanced prebuilt screeners,
etc for ease of trading.
IIFL Securities demat account
gives
you the opportunity to bid for the
IPO before it is opened
for subscription.
With IIFL Securities demat account, experience ease of trading to achieve your goals.
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Demat account is an account that holds shares, bonds, ETFs and other such securities in custody. You can understand demat account like a bank account. Just as a bank account holds cash in custody, the demat account holds stocks and other securities. Just as you can debit and credit cash and cheques to a bank account, you can debit and credit equities and other securities to a demat account.
In India, there are two national level depositories that hold shares in custody viz. National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL). However, investors do not directly open a demat account with the depositories. These depositories authorize depository participants (DPs) to open demat accounts on their behalf. For example, IIFL Securities is a registered depository participant (DP) with NSDL and CDSL.
There are 3 important terms in understanding demat account in India.
1. Dematerialisation
It is a process that facilitates the conversion of share certificates from physical to the electronic form. Shares held thereafter are easier to manage while providing more accessibility from anywhere around the globe.
Dematerialisation also allows you to monitor and track your holdings seamlessly, on-the-go.
2. Depositary participants
A depository participant acts as an intermediary or agent of a central depository and provides namesake services to investors and traders. India currently has two central depositories registered with the apex trading and investment regulatory body SEBI.
A depository participant must, therefore, be registered with either of these two licensed operators to open a Demat account.
3. Unique 16-digit client ID
Each demat account is assigned with a unique 16-digit client ID that acts as the investor's identity. The first 8 digits of the ID represent the depository participant while the last 8 digits act as a unique identification for the investor, facilitating sale or purchase of shares and securities.
We are happy to inform that at IIFL Securities, we don't charge any fees for opening a demat account. However, some discount brokers may require you to pay account opening charges.
To open a demat account with IIFL Securities, you'll need the following documents
Annual maintenance charges are essentially charges levied by a depository participant for maintaining your demat account. But, there's some good news! When you open a demat account with IIFL Securities, you enjoy zero AMC for the first year.
A demat account is created for the purpose of holding your financial assets in a dematerialized form, while a trading account helps you buy and sell shares and other commodities. You can link your demat account and your trading account, so share trading becomes easier for you.
Below are the categories of personnel eligible to open a demat account in India-
Terms & ConditionsInvestments in securities market are subject to market risks, read all the related documents carefully before investing. There is no assurance or guarantee that the investment objectives shall be achieved. IIFL does not guarantee any assured returns on the investments recommended herein.
Copyright © 2022 IIFL Securities Ltd. All rights Reserved.NSE SEBI Registration No. Capital Market:- INB231097537/ INF231097537/ INE231097537, CODE NO: 10975 & TC10975 CM No.: M51058 NSE SEBI Registration No. Derivatives:- INF 231097537 Clearing Member ICICI Bank Ltd. CM-C50006. BSE SEBI Registration No. Capital Market :-INB011097533 and INF011097533. Clearing No. 179 MCX Stock Exchange Limited - SEBI Registration No: INE 261097537 CODE NO. 22 | NCDEX Membership No. NCDEX-CO-04-00378 | MCX Membership No. 10470