What is IIFL Demat account?

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A demat account is an online repository where securities like shares, mutual funds etc., bought by you are held in digital formats. It works like a bank account. The bought securities are credited in the Demat account and sold securities are debited from the account.

On opening an account, you will be provided with a Demat account number which needs to be provided during every trading transaction. You can access the account online to get a complete view of your holdings and portfolio.

Topic: IIFL Securities Demat Account Review

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Is it compulsory to open a demat account with a trading account in IIFL?
Who can open a Demat account with IIFL?
Why do I have to sign a Power of Attorney to open a Demat account with IIFL?
What is a Depository Instruction Slip (DIS) in IIFL?
Can I open a joint Demat account with IIFL?
Why do I have to link my bank account with IIFL Demat account?
Can a minor open a Demat account with IIFL?
I already have a Demat account. Can I open multiple Demat accounts with IIFL?
How to close IIFL Demat account?
How to know Demat account number in IIFL?
How to open IIFL Demat account online?

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