IIFL Z20 Plan | Details, Charges, Activation Process.

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IIFL Z20 Plan

A new brokerage plan introduced by the IIFL in the stock market is “IIFL z20 Plan”. IIFL Z20 Plan offers low brokerage as compared to other schemes or programs.

Click Here: Read the 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 deskintraday 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 Z20 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-

  1. Offline
  2. 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.

Read More:

Open Free Demat Account with IIFL Securities
Open Free Demat Account with IIFL Securities
Open Free Demat Account with IIFL Securities

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