Why doesn’t the exchange integrate directly via CDSL/NSDL instead of asking the AP to close their existing demat account?

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• Why have I receive margin pledge mail from CDSL/NSDL depository ?

  Effective from 1st August 2020, to avail margin on your stocks purchased, the same has to be pledged. In the new pledge system, the stocks don’t leave the investor’s demat account, instead a pledge is marked in favor of the broker. Only incase if you ...

• Can an AP hold a demat account with another broker?

  No, an AP is required to close any demat account held with another broker. This is to avoid any conflict of interest and ensure compliance with regulatory guidelines.

• If client received an email from CDSL/NSDL with transaction details. Please explain why ?

  IIFL is a depository participant of CDSL/NSDL where your demat account with IIFL is maintained. Client will get an SMS and email notification from CDSL/NSDL for every transaction affected in his demat account.

• Why can’t an AP have a demat account with another broker?

  This restriction is based on a regulatory requirement stated in the Exchange circular issued in August 2024 (point no. 17). As per this circular, APs must maintain their demat accounts only with the broker they are registered with in this case, IIFL ...

• How client transfer shares from my IIFL account to out side Demat account or another IIFL Demat account?

  Client can send the requests of transferring shares from one Demat account to another by filling Delivery Instruction Slip (DIS). Client can submit the DIS at the nearest IIFL branch or to RM or send directly at the below mentioned address: NSDL / ...