HDFC SECURITIES REVIEW & BROKERAGE CHARGES

HDFC Securities is Equity Trading Company of HDFC Bank. It provides both online trading and trading through phone.

HDFC Securities Ratings Customer Ratings & Reviews

About HDFC Securities

HDFC Securities has a unique 3-in-1 account feature that integrates your HDFC Securities trading account with HDFC bank account and existing Demat account. The funds or shares would seamlessly move from the linked HDFC Demat account or HDFC Bank accounts to execute the transactions on time.

HDFC Securities provides also provide features like Day trading on both NSE and BSE, Cash-n-Carry on both NSE and BSE, Trade on Futures or Options on NSE and the online IPO Investments.

Features on HDFC Securities Online trading:

  1. By integrating your all our HDFC accounts, they ensure minimal waste of time during the movement of your funds and shares.
  2. Instant Order placement – Orders are placed electronically, so proceeds are available instantly.
  3. In order to prevent any kind of mismanagement, they will send you an email confirmation, the minute your order is executed.
  4. HDFC Securities offer great deal of safety and security to their customers such as 128-bit encryption technology.
  5. They provide the dedicated and separate contact numbers for trading over the phone calls as well as for the customer care.

Trade In: BSE and NSE

HDFC Securities Rating:

Overall Rating 2.4/5
Fees 2.3/5
Brokerage 2.1/5
Usability 2.8/5
Customer Service 2.8/5

HDFC Securities Brokerage Charges

HDFC Securities Review & Brokerage Charges

Account Opening Fee Charges: Rs 999 (that includes HDFC trading account, HDFC Bank account and DP account with HDFC)

Please note: For HDFC Bank savings account, a minimum balance (Avg. Quarterly Balance) of Rs 10000 (in Metro / Urban) or Rs 5000 (in Semi-Urban / Rural) is required. If you are already having Savings account or DP account with HDFC, you could link them easily with your trading account.

Brokerage for Delivery Based Trades:

Equity Segment
Delivery-Based TradesFor Indians Citizens – 0.50% or min. Rs 25 or ceiling of 2.5% on transaction value for Both Buy and Sell
For NRI’s – 0.75% or minimum of Rs 100 or ceiling of 2.5% on transaction value for Both Buy and Sell
Square-Off Trades Cash and Carry Scrips0.10% or minimum Rs 25 or ceiling of 2.5% on transaction value for Both Buy and Sell
Square-Off Trades Margin Scrips0.05% or minimum Rs 25 or ceiling of 2.5% on transaction value for Both Buy and Sell
Derivatives (Futures Market)
Non-Square Off (Carry Forward) Trade0.05% or minimum Rs 25 or ceiling of 2.5% of transaction value for Both Buy and Sell
Square-Off Trade0.025% or minimum Rs 25 or ceiling of 2.5% of transaction value for Both Buy and Sell
Derivatives (Option Market)
Brokerage (%)Higher of 1 percent of premium amount or Rs 100 per lot for Both Buy and Sell

Other Taxes / Standard Charges on Trades:

Service Tax (on Brokerage)10.30%
Securities Transaction Tax (STT) for Both Buy & Sell0.125% of transaction value
Stamp Duty (%)0.01% on turnover
SEBI Turnover Tax (%)0.0001% on turnover

How to open a demat account with HDFC Securities Ltd?

For Online Stock Trading with HDFC Security, the investors can open 3 accounts; HDFC Bank Account, HDFC Trading Account and HDFC Demat Account. Opening trading account with HDFC is very easy. You can use any one of the following options to open your account with HDFC:

  • Visit the website and fill the ‘Open Trading A/C’ form.
  • Then call HDFC representatives and tell them that you want to open an account with HDFC for trading purpose.

In both the cases, HDFC representative will call you within 48 hours and will guide you about the procedure to open the account. They usually send their representatives to your home to collect all the documents, signature and for demo, if required.

Document Required to open account with HDFC Security

Any Indian Citizen / non-resident individual NRI (except for the US NRIs) or an Indian Corporate can register with HDFC Security. The following documents are required to open the accounts with HDFC Security.

  1. One passport size photograph.
  2. Proof of Identity – copy of ration card or copy of passport or PAN card or Adhaar card or voter ID or driving license.
  3. Copy of PAN card.
  4. Proof of Address- copy of driving license or passport or Adhaar card or voter card or bank statement or telephone bill or electricity bill or ration card.

Bottom of Form

Pros and Cons of HDFC Securities

HDFC Securities Advantages:

The 3-in-1 account which includes HDFC Securities Trading Account, HDFC Bank Account, and HDFC Securities Demat Account, is the best offering for the retail investors in India. It provides the easiest way to invest in stock market and various other financial segments.

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