What is power of attorney (POA) & why is it needed?

What is power of attorney (POA) & why is it needed?

Power of Attorney (POA) is a document that gives IIFL the authorization to debit your shares from your demat account whenever you sell your shares  to settle the pay-in obligation.

On the base of POA (Power of Attorney) given & Signed by you at the time of account opening or separately, IIFL Can debit the shares from your demat account to settle the pay-in obligation


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    • Can we activate POA for demat debit

      You can not activate POA now for settlement and margin pledge transactions. Existing clients which already had POA mapped will continue to be valid.

    • Can we activate POA for demat debit

      You can not activate POA now for settlement and margin pledge transactions. Existing clients which already had POA mapped will continue to be valid.

    • How to Redeem Mutual Fund units in case of Non POA/DDPI?

      Kindly get the POA mapped or alternatively in client login option is available to place the order using the EDIS TPIN facility for non poa clients from Mutual fund website

    • How to Redeem Mutual Fund units in case of Non POA/DDPI?

      Kindly get the POA mapped or alternatively in client login option is available to place the order using the EDIS TPIN facility for non poa clients from Mutual fund website

    • Where to check the POA form submitted status?

      To Check POA form submitted status:- Login to Mobile App Click on hamburger  menu and click on client code  Click  on view/edit details  Click on demat details  Check the POA status  Y :- Submitted  N:- Not Submitted If you have not submitted the POA ...