This is to inform you that we no longer have a tie-up with IL&FS securities and we are withdrawing all the Power Of Attorney (POAs) submitted to them. Thus, all the services related to Buying/Selling of stocks which FYERS was providing to IL&FS Demat holders will be stopped w.e.f. 16/01/2021. In effect, you will not be able to trade in the equity delivery segment after 16/01/2021 through your IL&FS Demat account. We request you to cooperate and proceed with any of the following options:
- Open a Demat account with FYERS and initiate the closure cum transfer of shares procedure of IL&FS
- If you already have a Demat with FYERS, do send us the Physical Closure forms of IL&FS Securities for closure cum transfer of shares to your FYERS Demat account
- You can sell the holdings before the said date
We request you to open the FYERS Demat account and initiate the IL&FS Securities closure cum transfer procedure on or before 16/01/2020 and the procedure for the same will be sent in your email. We’ve taken this decision to safeguard the interests of our clients.
For further queries, contact us here.
Kindly ignore, If you only have FYERS Demat.