IIFL Securities Brokerage Charges, Transaction Charges and STT
IIFL Securities is a part of IIFL Group and was incorporated in the year 1996. It is among the largest independent full-service stock broker house that serves various retail and institutional clients. The IIFL group is the leading financial service provider in that provides a broad range of services. It provides IIFL securities online trading and research-based advisory services for the complete range of financial products that includes Stocks, Derivatives, Commodities, Insurance, Mutual Fund, FDs, Loans, IPO and Bonds etc.
IIFL Securities Brokerage Plans and Charges
As per IIFL securities brokerage 2023, there are 3 types of IIFL Brokerage plans. IIFL Brokerage Charges List is given below:
Plan name
Investor Plan
(Online Plus)
Premium Plan
(Dedicated RM)
Super Trader Plan
(Pro Traders)
Minimum Margin
₹0
₹0
₹0
Monthly subscription
₹0
₹0
₹999
Brokerage Charges
Equity Delivery %
0.25%
0.50%
0.10%
Equity Intraday/ Futures (per lot)
0.03%
0.05%
0.01%
Nifty Options (per lot)
₹25
₹50
₹10
Stock/ Bank Nifty Options (per lot)
₹25
₹50
₹10
Commodity, Currency trading
0.03%
0.05%
0.02%
Currency Options (Per lot)
₹8
₹10
₹5
Currency Futures (Per lot)
₹20
₹25
₹15
Commodity Options (Per lot)
Gold
₹125
₹150
₹80
Silver
₹80
₹100
₹50
Crude Oil
₹80
₹100
₹50
Copper
₹65
₹80
₹50
Zinc
₹65
₹80
₹50
Gold Mini
₹10
₹15
₹5
Access to services
Research Report
Yes
Yes
Yes
Intra-day calls
Yes
Yes
Yes
Market Guru seminars
No
Yes
Yes
Trader Terminal EXE
No
Yes
Yes
Dedicated RM
No
Yes
Yes
Analyst/ Investment advisor meetings
No
Yes
No
IIFL Brokerage Details – Plan Wise
Plan Wise Brokerage Charges in IIFL securities Charges including IIFL brokerage fees in each segment is explained below:
1. IIFL Securities Investor Plan (Online Plus)
It charges a fixed percentage-based brokerage irrespective of the turnover done by the trade. Such plans are suited for various casual investors that trade once in a while. In this plan, IIFL brokerage charges for intraday in equity and future is 0.025% per lot. IIFL brokerage charges for delivery is 0.25% and IIFL option brokerage charges is ₹25 per lot.
2. IIFL Securities Premium Plan (Dedicated RM)
It is best suited for the customers that requires personal assistance. The customers get their dedicated Relationship Manager (RM) to the investors for the in-person assistance in trading. It is highly suitable for the frequent traders with the high trading volume. In this plan, IIFL intraday brokerage charges in equity and futures is 0.05% per lot and in brokerage charges in delivery trades is 0.50%. IIFL brokerage charges for option is ₹50 per lot.
3. IIFL Securities Super Trader plan (Pro Traders)
This plan is mostly used for the various professional traders. It has a monthly subscription fee of ₹999. This plan also facilitates its customers with a dedicated RM, free research and a free exe based on the trading terminal. India Infoline intraday brokerage charges in equity and futures is 0.01% per lot and IIFL equity brokerage in delivery is 0.10% in this plan. While IIFL brokerage for options is ₹10 per lot.
Conversion of MF units/ Destatementization Per SOA
₹ 0
₹ 0
₹ 0
Reconversion of MF units in to SOA or Redemption/ Restatementization Per SOA
₹ 0
₹ 0
₹ 0
Re-issuance of (Additional) New DIS
₹ 100
₹ 100
₹ 100
Postal Charges for physical dispatch
₹ 40
₹ 40
₹ 40
Pledge charge (Broker Margin Funding)
₹ 50
₹ 50
₹ 50
Courier/ physical printing (when requested)
₹ 100
₹ 100
₹ 100
Brokerage in IIFL securities completely depends upon the brokerage plan. IIFL commodity brokerage charges and IIFL securities brokerage fees in currency segments are also different in all of these IIFL brokerage plans and explained well above. Thus, IIFL securities trading charges depends upon the plan chosen by you. IIFL mutual fund brokerage charges are same as delivery brokerage charge as per the respective brokerage plan. IIFL flat brokerage charges starts from ₹20 per executed order depending upon the segment.
The customer can simply submit the documents to their Relationship Manager and the documents must hold a stamp of “Verified with original” and need to have signature of RM or branch manager.
FEMA provisions provides permission to the Indian Companies to issue right or bonus shares to existing non-resident shareholders that is subjected to adherence to sectoral cap as may be applicable.
The customer can square off the stocks through Non-POA holding under the holdings section by selecting the stocks you are willing to sell and authorizing the same via T-Pin procedure.
SEBI has assigned DPs in order to determine the value of holding on to the basis of the daily closing price or Net Asset Value of the securities or the units of mutual funds. If the value of your holdings exceeds by the slabs then the DPs are permitted to change the same as they charge non-BSDA regular demat accounts.
Any transaction that involves delivery of securities to a clearing corporation or clearing house for sale of securities done on the stock exchange platform is termed as “On Market Transaction”.
IIFL POA form is signed for the limited purpose. It allows IIFL to perform limited activities in the demat account of a client like the debit of shares from the account. IIFL asks its customers about the Power of Attorney (POA).
An individual needs to submit dematerialization request by sending a duly filled dematerialization request form to the DP along with the certificates of securities to be dematerialized.
The Securities that are held in the depository account can be pledged in order to avail the loan or credit facility. Pledge of Securities in CDSL/NSDL depository requires both the borrower and the lender to have an account within a same depository either in NSDL or CDSL.
The customers will receive SMS on the registered mobile number and a welcome mail on the registered mail id. He will also receive a welcome letter along with the welcome kit on the registered address. Further, the customers will receive the password on the registered mobile number.
IIFL Securities is among the best brokers in terms of its trading platform like IIFL Markets Mobile app, best research and advisory, complete investment option and the personalized PMS.
A minor can be nominated if he submits an Id proof and address of the guardian of the minor nominee shall be provided by the beneficial owner along with the birth certificate of minor.
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