IIFL Z20 Plan | Details, Charges & Activation Process
A new brokerage plan introduced by the IIFL in the stock market is “IIFL z20 Plan”. In this article we have listed all information about IIFL Z20 Plan and IIFL z20 plan charges. Using IIFL brokerage charges calculator will give you an idea of the iifl brokerage amount you will have to pay. IIFL Z20 Plan offers low brokerage as compared to other schemes or programs.
Read: Detailed Review of IIFL
IIFL is a Full-service Broker which also provides discount brokerage services to its customers along with full services.
IIFL Overview
| Broker | Hybrid |
| Incorporated In | 1995 |
| Incorporated By | Nirmal Jain |
| Service Type | Full-Service |
| Exchanges listed with | NSE, BSE, NCDEX and MCX |
| Platforms | TT Iris, Trader Terminal & IIFL Market App |
| Products | Equity, commodity, currency, Derivatives, IPO, Etc |
| SEBI Registered | Yes |
IIFL Z20 Plan
| IIFL Z20 Plan Brokerage | Details |
| Delivery Brokerage | ₹0 for all traders |
| Equity Intraday, Futures & Options, Currency & Commodity | ₹ 20/- per executed order or 0.05% whichever is lower |
| Equity Options | Flat ₹ 20/- per executed order |
IIFL Z20 Plan Charges
| IIFL Z20 Plan Charges | Details |
| Securities/ Commodities Transaction Tax | Statutory charges as per exchange |
| Transaction/ Turnover Charges | Statutory charges as per exchange |
| AMC (Annual Maintenance Charges) | Free AMC for 1year since plan activation & ₹450 per year post that |
| Call & Trade | Additional charges of ₹50 per order for orders placed through our support/dealing desk intraday or RMS positions squared off by our RMS team |
| Buyback, OFS and NFO Order Charges | ₹0 for online order |
| GST | Charged as per GST law |
| DP (Depository Participant) Charges | ₹20 per debit instruction (irrespective of quantity) |
| Physical CML Request | CML request is free, only ₹100+GST for the courier will be charged |
| Margin pledge initiation and pledge release from client to stock broker (Both side) | ₹25 per Script (NIL for Mutual funds) |
| Margin Re-pledge initiation and Re-pledge release from Stock Broker to Clearing Member(CM)(Both Side) | ₹1 per Script (NIL for Mutual funds) |
| Margin Re-pledge initiation and Re-pledge release from CM to Clearing Corporation (CC) (Both Side) | ₹1 per Script (NIL for Mutual funds) |
| Margin Pledge Invocation by Stockbroker/CM/CC | ₹25 per Script (NIL for Mutual funds) |
| Pledge Charge (Broker Margin funding, Any offline/external) Pledge | ₹59 |
| Payment Gateway Charges | ₹9 |
| SEBI Charges – Equity Intraday, Futures & Options and Currency | Charged at ₹5per crore |
| SEBI Charges – Commodity | Non Agri Commodity ₹5per Crore Agri Commodity ₹1 per Crore |
| DPC Charges | 0.05% Per day |
| Stamp Charges | Statutory charges as per exchange |
| Clearing Charges | Charged at ₹150 per crore on F&O segment in Equity |
| Currency Exchange Transaction Charges in futures | ₹22 per Cr in BSE & ₹90 Per Cr in NSE |
| Currency Exchange Turnover Charges in Options | ₹100 per Cr in BSE & ₹3500 Per Cr in NSE |
| GST On Transaction Charges & SEBI Fees in Currency | Charged at 18% |
| Currency Investor Protection Fund | Future Investor Protection – ₹5 per crore & Option Investor Protection – ₹200 per crore |
All IIFL charges are including GST & other charges will be levied as per existing structure.
Leverage:
| Segment | Delivery Leverage | |
| Cash delivery | up to 5 times | |
| Intraday Order | Cover/Bracket | |
| up to 20 times | Up to 20 times | |
| 4 Times | 25% of Exchange Margin+ SL Margin | |
| 4 Times | 25% of Exchange Margin+ SL Margin | |
| 3 Times | 25% of Exchange Margin+ SL Margin | |
| 2 Times | Not allowed | |
| 1 Time | Not allowed |
– Non POA Clients can also take leverage against pledged stocks.
How to Activate IIFL Z20 Plan?
In an easy and simple way, traders can activate their IIFL z20 plan. All you need to have is a Demat account and trading account with IIFL securities,
Following are the 2 methods to activate Z20 brokerage plan-
- Offline
- Online
1-Offline
For activating Z20 plan with IIFL you have to visit their nearest franchisee or branch office.
You would have to answer some of the basic questions asked by IIFL representatives.
2-Online
Online method is one of the most quickest way to activate IIFL Z20 Plan. Once you open a Demat account, you can choose the Plan as your brokerage plan.