How is IIFL Demat Account?

Benefits of IIFL Demat Account:

• IIFL is one of the biggest full-service brokers in the financial services industry.
• Hassle-free and quick account opening process.
• Economical Account Maintenance charges.
• IIFL has an award-winning research team.
• IIFL solutions are backed by world-class technological platforms.
• A dedicated relationship manager ensures that IIFL's customers receive top-class assistance.
• A single Demat account opened with IIFL lets you invest in various options such as IPOs, derivatives, equities, commodities, and more.
• IIFL Securities has depository membership with both NSDL and CDSL and thus an investor can choose to open the IIFL Demat account with any of the DP of their choice.

IIFL Demat account has zero account opening fees with no AMC for the first year. Customer pays Rs 400 yearly Demat AMC charges from 2nd year.

IIFL Securities charges 0.04% (Minimum Rs 25 per debit transaction) demat debit transaction charges. This mean every time you sell a share and shares are withdrawn from your demat account, you have to pay the demat debit transaction charges along with the brokerage and taxes.

Read IIFL Demat Review for more details.