A Demat account is the one that holds shares, bonds, and other securities. It is a boon to investors who don’t have to go through the hassle of investing manually. They can open a Demat account and make investments & trade quickly and easily using it. Many stock brokerage firms in India allow you to open a Free Demat account.

One of the best online platforms to open a Free Demat account is IIFL Securities. It comes with many features and advantages such as:

  • The financial services provided by IIFL Securities have been one of the best in this sector for a long time. They have some of the most qualified experts to provide you with tips and research on the market.
  • There is an accurate analysis of stocks and companies.
  • The users benefit from solid customer assistance at all points during their journey.
  • The annual Demat account charges are nil for the first year.
  • They have minimal brokerage charges.
  • There is free equity delivery, IPOs, ETFs, and Direct Mutual Funds Investments.
  • You get the benefit of 0% Interest on Margin Trading funding for the first 30 days.
  • The amount to be paid for Intraday, Futures & Options, Currency & Commodity Trades is Rs. 20.
  • There can be a single account for all your investments, and you can easily track these from this one account.
  • The app has an advanced dashboard that helps you manage your portfolio in one place and assess the condition of your investments.

How to open a free Demat account with IIFL Securities

There are two depositories in India – National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL). These depositories have Depository Participants to help people open a Demat Account. IIFL Securities is also a registered Depository Participant under the depositories of NSDL and CDSL. They provide the investors with all the requirements of the Demat account to make trading more feasible. To open a Free Demat account with IIFL Securities, one needs to follow the following steps:

STEP 1

Fill the lead form with your basic details on the IIFL Securities Market app or website.

STEP 2

Enter your Bank Details along with your PAN card as identity proof.

STEP 3

Confirm your KYC Details online and upload the required documents, which will involve, Identity proof, Address proof, etc.

STEP 4

You will receive a 16-digit Beneficiary Owner Identification Number (BO ID) number that will lead you to a secure way of investing through IIFL Securities.

IIFL Market apps have proved to be one of the Stock brokerage firms in India for trading and investment. It is a trustworthy platform that provides excellent features to its customers with easy handling. It is a holistic app that provides all the information about trading and the provision to open a Free Demat account and Trading account in one place. An investor/trader who invests using IIFL Securities can have numerous advantages as stated above and go on a safe, careful, and secured investment journey.