Terms and Conditions

IIFL Capital Services Limited (formerly known as IIFL Securities Limited) (hereinafter referred to as “IIFL”) provides for “Do It Yourself” concept of internet trading thereby reducing the hassle of paperwork for on-boarding its Clients and providing paperless and seamless services to its Clients. IIFL has prescribed certain online product features, eligibility criteria and terms & conditions which the Client should understand and be aware of, before opening a trading and demat account through the website of IIFL. The Client is required to go through each and every condition as mentioned below and validate if he/she is eligible to open an account with IIFL.If all terms and conditions are acceptable to the Client, he/she should mark in the “I agree and accept” column in order to open a trading and demat account. are some of the unique features of the online product on offer by IIFL:

Product Features

1. The product being offered is completely online, whereby the Client would be able to trade online and experience the other services provided by the IIFL online terminal and/or through mobile application. Further, the online terminal and mobile application also allows the Client to modify the service request for various alerts/ communication, pay-out requests, settlement frequency etc.
2. This facility is currently available for opening a Resident Individual broking and demat account only. Please note that NonIndividual and Non-Resident Indians cannot open broking and demat account through this facility.
3. The Client is required to upload all documents, records etc. which shall be verified with the originals / authenticated as per prevailing regulatory guidelines as stipulated in Know Your Client (“KYC”) documents and thereafter make payment via online mode through his/her registered Bank Account in order to open an account.
4. In case the documents submitted along with the application do not comply with the KYC guidelines of IIFL, the application is liable to be rejected and IIFL will not be liable to refund the account opening fees and any interest accrued on such fees.
5. IIFL shall reject the application if it is found that the Client is barred from trading or any investigation from the Securities and Exchange Board of India or any other regulatory authorities is pending against the Client. The decision taken by IIFL shall be final and binding upon the Client. IIFL does not guarantee that the account opening form submitted by the Client shall be duly accepted as IIFL reserves its right to reject account opening application of the Client without assigning any reason.
6. The account will be opened in the same combination as provided in the Account Opening Form by the Client or may be updated as per the details updated with UIDAI (Aadhar) or with the KYC Registration Agency (“KRA”). The Client shall verify the data fetched through the KRA / UIDAI database and confirm that the data available is true, correct and updated. The Client is responsible to intimate any changes or modification in the details fetched to IIFL, along-with necessary documentary evidence.
7. The Client shall be required to affix his own digital signature / e-signature at the relevant pages of the Account Opening Form so as to enable IIFL to open the said account.
8. The Margin Trading Funding (“MTF”) will be provided as a bundled offering along-with the activation for trading in Cash Market. The Client shall acquaint themselves with the terms & conditions of MTF provided by IIFL. The Client hereby agrees to be bound by such provisions as outlined in these documents and act in accordance with the same while availing the MTF. The Client hereby undertakes to refer to the updated policies and procedures as posted on the IIFL website and abide by the same

9. Account Number/ Login ID/ User ID:

   • The account number allotted to you is in an inactive status to avoid any unauthorized transactions. Transactions will be allowed post activation of your account, after completion of the account opening formalities. In case the documents submitted along with the application do not comply with the KYC guidelines of IIFL, the application is liable to be rejected.
   • The User ID – either chosen by you or allocated to you, will remain available for thirty (30) days from the date of selection or allocation of the account number. In case the account does not get activated within thirty (30) days, the User ID will not be available for the Client.
   • As per the IIFL Policy, we can provide only one User ID/Login ID for a Client opening a trading account in equity. If you are already registered in commodity and you want to open an equity account or vice versa, please note you are requested to use your existing User ID/Login ID and complete the account opening formalities.

10. Login Confidentiality: The Client agrees and confirms that any instructions set via the online trading account, which requires the Client to enter login credentials is known only to the Client and no other person. The Client must not share their trading / demat account details/login credentials with any other person. The Client shall be wholly responsible in case the login credentials are compromised and shared with any person. IIFL or any of its agents or employees, will not ask for any login details or passwords from you in any manner whatsoever.

11. All communications such as confirmation of orders/trades, margin calls, decisions/calls to liquidate the collateral/ positions / security, ECN (Electronic Contract Notes), DP Transaction cum Holding statements and such other statements pertaining to Equity and Demat Operations and Services including alerts, e-newsletter and promotional mails etc. would be sent on the email address or mobile number of the Client registered with IIFL.

DISCLOSURE OF PROPRIETARY TRADING BY BROKER TO CLIENT:

The Client hereby understands and acknowledges that by agreeing to enter into Client-Broker relationship with IIFL Capital Services Limited, they would have access to product uniqueness and features, only if the following conditions are met:

• I confirm that I am an Indian Resident, born in India and my sole country of tax residency is India. I am not a US person/Resident of Canada/ countries falling under CRS thus FATCA & CRS Declaration is not applicable to me.
• I/we am neither a politically exposed person, nor related to one.
• I/we understand and acknowledge that I/we will receive credits automatically into my/our demat account maintained with IIFL and I/we would like to receive dividend/interest directly to my bank account given during the account opening process through ECS.
• I/we understand and acknowledge that, I/we would like to subscribe for Account Statement (for demat) with monthly periodicity.
• I/we understand and acknowledge that the PoA/DDPI or any such authorization/ instruction in favour of IIFL facilitates seamless trading experience including collection of margins as well as settlement of funds and securities.
• I/we authorize that by sharing my/our Aadhaar Number voluntarily, I/we have allowed IIFL to access details with the UIDAI database and use the data (my data / information / photograph etc.) so fetched to complete KYC and do due diligence as required and mandated by SEBI and other regulators.
• I/we authorize IIFL to use the Aadhaar Number for generating e-signature with the help of any certifying authority and affix the same at the relevant places in the KYC form. The e-signature so affixed in the KYC form and other voluntary documents would be equivalent of my agreement to all the terms and conditions as it would have been, had the form be signed by me physically.
• I/We understand that IIFL may at it absolute discretion, discontinue any of the Services completely or partially without any notice to me/us.
• I/We have read and understood the terms and conditions, disclaimers, privacy policy available at IIFL’s web-site - www.indiainfoline.com.
• There are no actions/proceedings initiated/pending/taken by FMC/SEBI/Stock exchange/any other authority against me/us for dealing in securities markets during the last three (3) years.
• I/We intend to invest in stock/commodity market with my/our own funds only.
• DIS booklet- I do not wish to obtain DIS for the time being.
• I hereby request you to consider the data, like Proof of Identity (“POI”) and Proof of address (“POA”), and any other information downloaded from other sources like KRA / CERSAI.
• I hereby authorise IIFL to pledge / re-pledge my shares/securities with Clearing Members/Clearing Corporations/ Clearing Houses in accordance with applicable regulatory guidelines.
• The Client can fund their account online, from specific list of Payment Gateway options. The amount will be credited into the account of the Client post account activation and basis availability of clear funds or receipt of the same by IIFL. While transferring funds through online mode(s), IIFL will not accept any responsibility or liability of whatsoever nature in respect of any loss or damage arising directly or indirectly to the Client out of the decline due to lack of authorization for any transaction/s, or exceeding the pre-set limit mutually agreed by the Client and his/her remitting "Bank(s)", or any payment issues arising out of the transaction, or decline of transaction for any other reason/s.
• The trading in the derivative segment as opted by the Client at the time of the KYC process will be activated once the income proof in the form of holdings in the Clients’ demat account is available.
• I authorise IIFL to offer and provide services of other products like mutual fund units and other securities and services.
• I confirm that before e-signing the E-KYC documents, I will go through the entire KYC documents and agree that all my information & details are captured properly on the account opening documents.
• The Client confirms that he/she is not Illiterate / Disabled Person / Blind person /Person with mental disability.
• The applicable Brokerage, DP Tariff & other charges to my account are explained to me and I am aware that the same can be modified under intimation to me.
• By agreeing to the above terms & conditions, you are also giving us your consent to receive loan products communication from IIFL.
• By clicking on the “Apply Now” button on the page, you authorize IIFL & its representatives to inform you about various products, offers and services provided by IIFL through any mode including telephone calls, SMS, letters, WhatsApp etc. You confirm that laws in relation to unsolicited communication referred to in the 'National Do Not Call Registry' as laid down by the Telecom Regulatory Authority of India will not be applicable for such information/communication.