Open A Free Demat Account Online

Steps to Open a Demat Account

• Step 1: Visit the IIFL Capital Services website and click on 'Open Account'.
• Step 2: Fill in the online account opening form. It will take you just 2 minutes to fill this form.
• Step 3: Upload scanned copies of your KYC documents - Aadhar & PAN
• Step 4: Your Demat account is opened Now, post verification.

With IIFL Capital Services, you can avail of a free trading & demat account. and a Demat account without any aAnnual maintenance charge (AMC) is zero in the first years. For equity delivery segment, brokerage charge is just 0.25% of the transaction value. For intra-day and futures, brokerage charge is just 0.025% of the transaction value. For options, brokerage charge is just Rs 25 per lot. You only need to pay applicable transaction charges for trades. You can open a demat & trading account with IIFL Capital Services online, while sitting in the comfort of your living room. It's a simple and paperless process to open a Demat account digitally from the comfort of your home.

About Demat Account

A Demat account is a special type of account used in India to hold and trade stocks and other securities digitally. Instead of having physical share certificates, a demat account allows you to hold these financial assets in an electronic format. This makes it easier to buy, sell, and manage your security investments.

Two main organisations provide demat account services in India - the National Securities Depository Limited (NSDL) and the Central Depository Services Limited (CDSL). When you open a demat account, it is maintained by one of these two depositories. This allows you to trade shares on the Indian stock exchanges seamlessly.

What is a Demat Account?

A Demat Account is an electronic account used to hold financial investments like stocks, mutual funds, ETFs, bonds, etc., without any physical certificates or paperwork.

In the past, when you purchased investments like stocks, you would get physical paper certificates as proof of ownership. These paper transactions involved a lot of documentation and took time.

To make the process faster and more electronic, a system of Demat (dematerialization) was introduced. In this system, the physical share certificates are converted into an electronic format and credited to your Demat account.

Now, when you buy investments, instead of receiving physical certificates, the quantities and values are recorded electronically in your Demat account. You can hold, trade, and sell your investments from this account without any physical paperwork.

Benefits of Opening a Demat Account with IIFL Capital Services on India Infoline?

Here are the main advantages of opening a demat account with IIFL Capital Services:

• Convenience: You can invest in stocks, bonds, mutual funds, etc., from one account without any paperwork. Trading of stocks & other financial assets in physical form is more inconvenient, has limits and is more difficult than online trading.
• Real time updation: All transactions in your demat account are automatically updated in real-time.
• Safety:Your stocks and other financial asset are kept electronically., So there is lesser risk of losing physical shares or of fraud.
• Easy to manage: You can easily check your portfolio and transactions online anytime.
• No minimum balance: You can open a demat account without the need of maintaining any monetary balance.

Documents Required to Open a Demat Account?

• PAN Card
• Aadhaar Card
• If you already have a Demat account with another broker: You do not need to submit these documents again. They will be automatically fetched from the central KYC agency.
• If you do not have a Demat account with another broker: Your PAN card and Aadhaar card details will be fetched from your DigiLocker account. For this, your Aadhaar needs to be linked with your mobile number.
• To trade in Futures, Options, Currencies and Commodities using your Demat account: You may need to submit additional documents like salary slips, bank statements or ITR for the last financial year. This helps in verification ofy your income details.

Demat Account Opening Charges

• Account Opening Fee: Rs. 0
• No AMC charges for maintaining the demat account for the first year. Rs 25 per month, including GST, from 2nd year.

Safeguarding your Demat Account?

Protect your Demat account from fraud with these tips:

• Use a strong password: Don't use simple or obvious ones. Avoid public WiFi when logging in.
• Check statements carefully: Make sure all transactions match what you did. Report anything strange right away.
• Research brokerage firms before choosing one: Check their history, reputation and what others say about them.

The key things are keeping login details private, monitoring accounts closely for suspicious activity, and being careful who you give access to your funds and securities. Taking these precautions helps protect your Demat account.

What is a Demat Account Number?

The Demat account number is a unique identification number for your demat (dematerialized) account. A Demat account allows you to hold financial securities like stocks and bonds in electronic form.

Demat Account Number Details:

• It is a 16-digit number assigned by the Depository Participant (DP).
• The format depends on whether your account is with CDSL (Central Depository Services Limited) or NSDL (National Securities Depository Limited).
• For CDSL accounts, it is a 16-digit numeric number like 01234567890987654.
• For NSDL accounts, it starts with "IN" followed by 14 numeric digits like IN01234567890987.
• This number uniquely identifies your demat account and is used for all transactions related to it.

How to check my Demat Account Number?

Here are the simple steps to check your Demat Account Number on IIFL Capital Services:

• Open the IIFL Capital Services App.
• Go to the "Account" section.
• Click on your profile picture or name at the top right corner of the screen.
• You will find your Demat Account Number right below your customer ID.

To find the DP ID:

• The first 8 digits of your Demat Account Number is your DP ID.

Linking Another Demat Account on IIFL

Here are the steps to link a demat account to your trading account with IIFL Capital Services :

• Log into your IIFL demat/trading account.
• Look for an option called "Link Demat Account" or something similar.
• Click on this option.
• You will see fields to enter details of your existing demat account like DP ID, Client ID, etc.
• Fill in these details correctly.
• Submit the details.
• IIFL will verify the Demat account details you provided.
• Once verified, your demat account will be linked to your IIFL Capital Services trading account.

Now, you can use both your demat accounts linked to your IIFL trading account to buy and sell stocks. One demat account will be primary and the other secondary.

What are the Demat and Remat Charges?

Demat charges are charged when you convert physical share certificates into electronic forms. This process is called dematerialization or Demat. Remat charges are charged when you convert electronic shares back into physical share certificates. This process is called rematerialisation or Remat.

At IIFL Capital Services, we charge ₹18 per Demat request (if you want to convert your existing physical security certificate to demat form) or Remat request (if you want to convert an existing security in demat form to remat form) made through our brokerage services. This fee covers the processing and administrative costs involved in depositing or withdrawing shares from your Demat account.