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Why IIFL Capital Services?
With IIFL Capital Services demat account, experience ease of trading to achieve your goals with best-in-class trading & investing platforms.
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6 Reasons to Open Demat Account with IIFL Capital Services
Single Account for all Investment Goals
Invest in Equities, Futures & Options, IPOs, Mutual Funds, Commodities, etc seamlessly at one place and achieve your financial goals.
Hassle-Free Trading Platform
IIFL Capital Services demat account seamlessly integrates with your trading & bank account to give a hassle-free investment & trading experience.
In-House Research Backed Recommendations
IIFL Capital Services demat account comes with various research based reports & recommendations to help you choose the best investments.
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How to Open Demat Account with IIFL Capital Services
Opening a Demat Account has never been so easy.
STEP 01
Personal Details
Fill the lead form to open a free demat account with IIFL Capital Services
STEP 02
Bank Details
Enter your PAN & Bank Details
STEP 03
Paperless Document
Authenticate your KYC details digitally
STEP 04
Download App
Download IIFL Markets App & start your Investment Journey
Open Demat Account FAQs
Yes, a joint Demat account can be opened by up to three individuals. The main holder needs to be chosen from among the joint holders.
Yes, you can open multiple Demat accounts either with the same broker or different brokers. However, you need to maintain each account separately.
Yes, the nomination facility is available in Demat accounts. Up to three nominees can be nominated for a Demat account. The account holder needs to specify the percentage of shares for each nominee in case there are multiple nominees.
Yes, NRIs can open Demat accounts in India. They can get their demat/ trading account opened through a broker such as IIFL Capital Services.
Any citizen of India aged 18 years and above can open a demat account individually or jointly with another person. Even minors can open one via their guardian.
No. A Demat account is used only to hold shares in digital/dematerialized form. A trading account is required to place orders to buy and sell shares. You need both demat and trading accounts to trade in shares. When you open a demat account with IIFL Capital Services, your trading account also gets opened. You can trade in stocks and other financial assets through your trading account.
For the first year, there is no charge. From the second year onwards, IIFL charges an annual AMC of Rs. 25 per month, including GST (Rs. 300 annually) for maintaining your demat account.
The key documents required are KYC documents like a PAN card, and an address proof such as Aadhar card. You also need to fill out an account opening form with basic details.
No, there are no charges for opening a demat account with IIFL Capital Services. The account opening fee is Rs. 0.
A Demat account is an electronic/paperless record of ownership of securities like shares, bonds, mutual funds, etc. It allows investors to hold securities in dematerialized (demat) form instead of in physical form. With a demat account, you can buy and sell securities easily without having to physically transfer security certificates.
Having a Demat account simplifies the process of buying and selling securities by enabling quick and convenient trades from the comfort of one;s home with just a click of a button. It also allows investors to set up standing instructions for automated periodic investments, making the process smooth and effortless.
The demat account is for holding your investments in securities, in dematerialized form. When you sell a security held in your demat account, the amount that you get from this sale, is credited to the bank account linked to your demat account. You can then withdraw this amount
Yes, a demat account is mandatory for making an IPO application.
No, it is not mandatory to have a demat account for investing in SIPs. But it is still better to have it.
Various types of securities like stocks, bonds, government securities, mutual funds, and ETFs can be held in a demat account.
Yes, mutual fund units can be held in a demat account.
The demat account is for holding your investments in securities, in dematerialized form. When you sell a security held in your demat account, the amount that you get from this sale, is credited to the bank account linked to your demat account. You can then withdraw this amount.
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:
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.
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.
Here are the steps to link a demat account to your trading account with IIFL Capital Services:
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.
- 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.
