How to update Running Account Authorization (RAA) after opening an account with IIFL?

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• What is Running Account Authorization (RAA)?

  Running Account Authorization (RAA) is an authorization given by you to the Broker to maintain funds and securities in your account held with the Broker and not release the same within one working day of the payout from the Exchanges. Based on the ...

• When can I given Running Account Authorization (RAA)?

  You can give RAA at the time of account opening or you can also give after the account gets opened.

• What is the validity of Running Account Authorization (RAA)?

  RAA given by you would continue to be valid until it is revoked by you

• Does the regulator require the Running Account Authorization (RAA) to be updated?

  No. Updation of RAA is not a mandatory requirement. You have an option of not updating RAA. In that case auto payout will be done in your account as soon as you are having credit in your account. 

• Can I choose/change the Running account authority online?

  You can activate Running Account Authorization through Mobile App or TTweb For Mobile App-> Step 1: Click on the Hamburger Menu and then your client code Step 2: Click on view/edit details Step 3: Visit My Account> Profile > My Details Step 4: Select ...