FAQs

FAQs in English FAQs in Hindi

Account Opening and Activation

• What are the different types of accounts that can be opened with IIFL?

  • Demat account
  • Trading Account

• In which segments I can open an account with IIFL?

  • Equity
  • Derivatives
  • Currency
  • Commodity

• Who can open a Trading and Demat account with IIFL?

  • Individual

    • Resident Individuals
    • NRIs
    • Minors (Only Demat account. As sole holder)

  • Non-individual

    • Corporate
    • Partnership firms (Demat account in the name of the Partners)
    • Registered/Unregistered trust (Demat account. In the name of the Trustees)
    • Registered/Unregistered society (Demat account. In the name of the Members)
    • Association of Persons (AOP)
    • FII/FPI (Only Trading Account)
    • Bank
    • Mutual funds
    • LLP (Limited Liability Partnership)

• What are the documents required for opening the account?

  • Resident Indian Individual account

    • Proof of Identity (PAN with photograph mandatory)
    • Proof of Address (Passport/ Voters Identity Card/ Ration Card/ Registered Lease or Sale Agreement of Residence/ Driving License/ Flat Maintenance bill/ Insurance Copy /Aadhaar Letter issued by Unique Identification Authority of India./ Telephone Bill (only land line)/ Electricity bill/
    • Gas bill/Bank Account Statement/Passbook – (Not more than 3 months old – as on date of receipt for documents).
    • Proof of Bank account
    • Income Poof (Mandatory incase of derivatives/Currency Segment )

  • HUF account

    • HUF PAN copy
    • HUF address proof
    • HUF bank proof
    • Karta's PAN card copy (individual with photo visible)
    • Karta's address proof
    • No Objection Certificate from all Co-Parceners, along with list of Co-Parceners
    • Details of Family member and PAN no of co-parceners.

  • Partnership Firm Account

    • Partnership firm can open trading account in the name of the firm but demat will be in the name of partners. (Max. 3 partners)
    • PAN card of Partnership firm
    • Address proof of Partnership firm
    • Bank proof of Partnership firm
    • PAN card copy along with address proof for all authorized partners is mandatory
    • Declaration required (for determining who will be authorized person for trading & who will be the holder in the Demat account) duly signed by all partners
    • Declaration to be given by partners on letter head of the firm as per the NSDL guideline (circular uploaded on 4th July, 2013)
    • List of partners required on letter head of firm
    • Profit sharing certificate required with percentage on letter head of firm
    • Copy of Partnership Deed required
    • Last 2 years' Annual Accounts (audited Balance sheet) (C.A. Certified)
    • Firm's stamp required on all places where signatures are done on trading/ demat account agreement form and all related documents
    • Registration certificate required

  • NRI Account

    • Two types - NRE and NRO
    • India address proof (not required in case of NRE)
    • Foreign address proof (Mandatory both cases)
    • PIS Letter (issued by RBI)
    • PAN card
    • Bank Account Statement/ Passbook Bank proof should indicate NRE/NRO saving a/c bank details
    • If NRE or NRO is not mentioned (pre printed) on cheque, then bank verification letter is required.
    • All the photocopy of the KYC document should be attested by the any of the entities: Notary Public, any Court, magistrate, judge, Local banker, Indian embassy, Consulate General of the country where NRI is residing.

  • Minor account

    Only Demat account of Minor can be opened. Trading account of Minor cannot be opened. Minor shall be the Sole Holder.ie. No joint holder or nominee account can be opened. Minor Account to be operated by Guardian only.
    

    • PAN card copy of Minor
    • Birth certificate of Minor
    • PAN card copy of guardian where photo is visible
    • Bank proof of Minor
    • Address proof of guardian
    • Father or mother can only be a guardian. In case the guardian is other than a parent, then he has to be appointed by the Court. In case father is deceased, the death certificate is required
    • Guardian has to sign in full AOF including across the photograph of the minor applicant.

    Note: - Later on when Minor turns Major need new KYC with proper details of the account holder (Originally who was minor) with all relevant and latest documents. In such cases guardian details can be removed and he can appoint nominee if required.

  • Corporate Account

    • PAN Card copy of the corporate
    • Bank proof of the corporate
    • Address proof of the corporate
    • Last 2 year's annual reports & income tax returns
    • Memorandum & Articles of Association
    • Board Resolution as per the Specific Format.
    • List of Authorized Signatory.
    • Copy of latest share holding pattern of the Company
    • Form no 32 (If changes in directors)
    • List of Directors (name & signature) with their shareholding
    • Stamp of the corporate required on all the signatures as well as the supporting documents
    • PAN copy of all the directors
    • Certified copy of the Board resolution (As per the format given in form and it should be on letter head of the Company)
    • Undertaking letter is required if company is involved in share broking business or any investment made in broking business
    • For Foreign entities, CIN is optional; and in the absence of DIN no. for the directors, their passport copy should be given
    • Format of declaration of beneficial owners

  • Trust Account

    • PAN card copy of the Trust
    • Last 2 years’ audited annual accounts
    • Copy of Income tax return
    • Certified copy of the Trust-Deed
    • List of trustees with signatures across their photograph as well as
    • Trust stamp
    • Board Resolution
    • Trust Stamp required on all the signatures as well as the Supporting documents
    • PAN proof along with address proof of trustees
    • Copy of Trust registration certificate
    • Proof of address of registered office of Trust
    • List of Authorized trustees along with specimen signatures

• How can I open an account with IIFL?

  Below are the modes through which you can open an account with IIFL:

  • Online

    1. Visit www.indiainfoline.com » Click on open a trading account» Enter Basic details
    2. You will receive one time password (OTP) on the mobile number.
    3. You will receive link on your registered email id. You need to enter the OTP received on your registered email id.
    4. After verifying the OTP; you need to fill the online Account Opening Form.
    5. Post which your RM will contact you for the documentation.
    6. Once the documentation process will be completed and the forms are received at HO; the account will get opened within 24 hours.

  • Offline

    You can give a missed call on 08066719101 and you will get a call from RM and he will assist you in account opening.

• How will I come to know if the form is rejected?

  Your RM will contact you in case if there is any rejection.

• How will I be intimated regarding the account opening?

  • You will receive welcome SMS on your registered mobile number, welcome email on the registered email id and welcome letter along with welcome kit on the registered address.
  • You will also receive the password on your registered mobile number.

• I have not received the welcome letter. What should I do?

  In case you do not receive the welcome letter along with welcome kit and the same is returned to us and your account will be freezed.

• How can I unfreeze the account if I have not received the welcome letter?

  You can call on 022-40071000 to unfreeze the account.

• What is the brokerage charged?

  Please click here for our exciting brokerage plans.

• What is the process to activate the derivatives segment?

  • To trade in the Derivatives segment, you have to submit the F&O Activation in Trading account form. Click here to download the form.
  • Following documents (any one) is required to be submitted along with the form:
    
    • Bank Account Statement for last 3 months
    • Copy of Demat account holding statement
    • Copy of Form 16
    • Salary Slip of latest month
    • Copy of ITR acknowledgement
    • Copy of Annual Accounts
    • Net worth Certificate