IFGL Account Type

IFGL (Indian Finance Guaranty Limited) offers two primary types of accounts for investors looking to participate in the Indian stock markets: Demat Account and Trading Account.

• Demat Account: This account is essential for holding shares or securities in electronic form. It is linked to a bank account, allowing dividends declared to be credited directly into the Demat account.

• Trading Account: This account is necessary for executing the purchase of listed securities in the Indian stock market. It is also linked to a bank account, enabling the transfer of funds directly via net banking. After purchasing shares, they are transferred to your Demat account.

IFGL Broker Account Opening Process

Opening an account with IFGL involves several straightforward steps:

• Visit the IFGL Website: Go to IFGL's official website to access the account opening section.

• Choose Account Type: Select whether you want to open a Demat account, Trading account, or both.

• Fill Out the Application Form: Complete the online application form with your personal details.

• Submit KYC Documents: You will need to provide Know Your Customer (KYC) documents, which may include:

• Identity proof (Aadhaar card, passport, etc.)
• Address proof (utility bill, bank statement, etc.)
• Passport-sized photographs

• Verification Process: Once submitted, the IFGL team will verify your documents. This is a one-time process, and once KYC is done through a SEBI registered intermediary, you won't have to repeat it for other intermediaries.

• Account Activation: After successful verification, your account will be activated, allowing you to start trading.

• Fund Your Account: You can transfer funds to your trading account via net banking to begin purchasing shares.

By following these steps, you can efficiently open a Demat and Trading account with IFGL and start your investment journey in the Indian stock markets.