HDFC Demat Account – Find Opening Process, Charges, Benefits & moreLast Updated Date: Apr 15, 2023
HDFC is a much-reputed brand in the financial market and the leading broking house providing HDFC Demat Account.
This article will discuss the HDFC Trading Account and Demat Account in detail. This Demat Account with HDFC Securities is a three-in-one account that includes the Bank account.
If you already have HDFC Bank account, the Demat and trading account will be integrated. There are a lot of features that are there to assist, and the most important factor is that you get ample investment choices.
In this article, you will find all the details of the HDFC Bank Trading Account, the charges of the account, and the maintenance charges.
There will be details and the process of opening the account for your help, and we will also discuss various features and advantages of using the HDFC Bank Demat Account.
HDFC Demat Account
HDFC Securities is backed by one of the most powerful entities and offer robust trading facilities including the Best Demat Account in India.
It is one of the leading brokerage houses which provides trading on both NSE and BSE exchanges apart from other exchanges for other asset segments.
With HDFC Demat Account, you can trade commodities, equities, currencies, mutual funds, etc.
The 3-in-1 account, which includes the Demat, trading, and bank account, facilitates fund transfer and the whole transaction to avoid a hassle in your trading procedure.
You can easily link HDFC Securities Demat Account and trading account to the existing HDFC Bank account or can open all three together.
The cash and carry feature is readily available on the HDFC Securities platform and can be availed sooner. You can trade daily on an intraday basis or participate in the IPOs using the HDFC Securities Demat and trading account.
The features of the HDFC Bank Demat account are:
The transactions are seamless because of the integration of the three accounts together. There is no time lapse in the fund transfer or security issues.
You can easily order your trades and get the payment in your bank account. The transfer of shares and money is also smooth with the Demat account of HDFC, and you can check the balance in a few seconds, right after the orders are executed.
Online Buy & Sell
The proceeds from the orders are directly shown in the account. The whole process electronically manages, backed by strong integration. Therefore, no time wastage in the process of order placement, execution of the order, and the reflection of the same in your account of yours.
After the execution of the order, the client gets an email for confirmation of the same, and this feature is hardly available with any other brokerage house. The email receives within a minute of order execution.
The HDFC Securities Demat, trading, bank account, and trading terminals are all secured by 128-bit encryption technology, making the system secure and safe for your transactions and trading.
You do not require to worry about the transactions falling into the wrong hands or forge by others.
HDFC Securities has something for every trader in its wide basket of trading opportunities, dig inside with the HDFC Review section.
Open HDFC Demat Account – Fill up the Form Now!
How to Open an HDFC Demat Account?
To Open HDFC Bank Demat Account, you have to start from here:
- If you see a button here, “Open Demat Account,” click on that button. It is there on the page. You can kick start your application process for the HDFC Demat account right from here.
- The application form will be a pop-up form on the screen. Fill in the details of the form, including the Aadhar number, PAN number, and Date of birth, and submit.
- You need to fill in bank details on the next page, including the Account Number and the IFSC code.
- Now you have to upload the required documents for verification and KYC purpose. You have to upload documents that must include PAN, AADHAAR, Cancelled cheques, and photographs.
- After uploading the documents, you will receive a call from the executives of HDFC Securities. They will verify the details and inform you about the rest of the process for opening your Demat account with HDFC Securities.
- You should now sign the form via Aadhaar digitally and, if not, in person and then submit it.
- Once the documents are verified, you will receive the login details of the Demat account and trading account on your email id that you have registered with the firm.
- Then you can open the site of HDFC Securities, download the trading terminal or other platforms for trading on different devices, log in with the given login id and start trading.
Similar Demat Accounts you may also Like
- ICICI Direct Demat Account
- Kotak Securities Demat Account
- Axis Direct Demat Account
- SBI Cap Securities Demat Account
- Motilal Oswal Demat Account
HDFC Demat Account Charges
|HDFC Bank Demat Charges
|Trading Charges [One Time]
|Trading AMC [Yearly]
|Demat Charges [One Time]
|Demat AMC [Yearly]
The HDFC Securities Account Opening Charges are very nominal, which is Rs. 999, and it is a one-time charge that needs to be paid at the time of opening the account.
If you compare the HDFC Demat Account Charges with other firms of the same services and products, you will find that the charges are average.
To know in detail, also check HDFC Brokerage Charges.
HDFC Securities AMC or Annual Maintenance Charges
The HDFC Securities AMC for the Demat Account is Rs.750 for a year, and for the trading account, it is Rs.0 per year.
If you compare the annual maintenance charges with other firms, the charges are pretty average except for trading account charges which are a little higher than the other firms.
HDFC Trading Account
With the HDFC Trading Account, you can trade any investment options. The minimum margin money you have to keep is 75% Margin which is pretty high as per the industry. You will get to trade up to 20 times the margin money in your trading account.
You shall benefit from the technological advancements provided in the trading account, where you can access all the investments with transparency.
Many tools and services are provided through the account, including expert advice, which lets you make high returns.
There are separate calls and trade options, and you can use the same whenever you need. There is a particular customer care number if you need any support from the customer care team of HDFC Securities related to your trading or the products/services you are using.
The three-in-one bank account opens the road for safe and seamless transactions. With the HDFC Securities 3-in-1 account, you need not require any other bank account linked with the trading and Demat account.
There are multiple trading software and applications that come along with the Demat account of HDFC Securities. There are trading platforms for phones, desktops, laptops, and other devices to access the platform online on your web browser.
HDFC Bank Demat Account – Conclusion
HDFC Demat Account facilitates you to trade without any boundaries, and you can trade way higher than your balance in the trading account. With minimum charges, you can open an account and maintain it.
HDFC Securities Demat Account FAQs
Here is the list of FAQs related to the HDFC Demat Account:
How can I open HDFC Securities Demat Account?
You need to find the “Open Demat Account” button, which lets you contact the stockbroker. Please fill out the pop-up form when you see it on the screen after clicking on the button. When you submit, you will have to go through the KYC process for verification. After verification, your account will release.
Is HDFC Securities Demat Free?
No, there are certain charges this stock broking house levies on their customers, and they are directed to the process of account opening and also the Demat account maintenance charge. The opening account charge must be paid only once, while the other AMC must be paid once every year.
What are HDFC Securities Demat Charges?
There are two different charges that the account holders are obligated to pay. The first charge is the account opening charge charged at a flat rate of Rs.999. The AMC, on the other hand, is charged at Rs. 750 per annum.
Is AMC levied on HDFC Securities Demat?
Yes, AMC is part of multiple charges that this stockbroker levies on their clients. According to the structure that they set, the AMC is payable once every year, all across the course of holding the account and at Rs.750 per annum.
Is HDFC Securities’s Demat Account the best?
Yes, the Demat account service is the most essential and prime service HDFC Securities offers. They are a great support system via the Demat account, as you can invest in financial securities belonging to multiple stock exchanges via the Demat account.
Does HDFC Securities provide Demat a/c?
Yes, the stockbroker provides the Demat account for all of its clients. They have pretty well-structured features of the Demat account, wherein it serves as the storage place for securities of all kinds, as a bank account is for the storage of funds.
What Documents are required for HDFC Securities’ Demat?
There are indeed a bunch of documents you need to have handy to go through the account verification process in the right manner. The documents required are an Aadhaar card, PAN card, passport-size photograph, and cancelled cheque.
Is Aadhaar Compulsory to Open HDFC Securities Demat?
Yes, Aadhaar Card is mandatory for opening a Demat account, as it lets you prove your identity in a way or two. Also, you need to sign the KYC form digitally at the end, and Aadhaar Card enables you to do the job seamlessly as per your need.
Is PAN required for Opening HDFC Securities Account?
Yes, PAN is one of the essential documents to get along with the account opening process. This stockbroker offers 3 in 1 account, and PAN is necessary to open a savings bank account or link a bank account to the Demat account.
Do they Charge the Demat Account opening Fee?
Yes, HDFC Securities has a policy of charging an opening account charge for all new users. The nature of this charge is of one-time cost, and hence this payment is not repeated. The charge stands at Rs.999, which has to be paid along with the HDFC application.
Is the HDFC Securities Demat account free?
HDFC Securities offer a Free Demat Account facility for the first year, and from the subsequent year, it will become chargeable.
Is HDFC good for the Demat account?
HDFC Securities is a trusted name in the country and offers great deals to its customers. It provides dematerialization and rematerialization of shares, transfer of shares from one account to another accompanied by efficient management, and other benefits that help its customers have a good trading experience.
Can I close my HDFC Demat account online?
Usually, stockbrokers do not offer the facility of closing Demat accounts online, but with HDFC securities, you can do so. Drop an email at email@example.com. The mail should be sent through the mail id registered with HDFC Securities.
How do I cancel SIP in HDFC Securities?
You can easily make changes or end your SIP. Go to your investments and go to SIP. Click on Edit SIP and after that, go to End SIP.
How long will it take to open a Demat account in HDFC?
The time taken to open a Demat account depends on the type of Demat account, and it usually takes 2 to 5 working days to process and open your account. All documents and specifications should be sent in the manner prescribed.
How can I check my HDFC Demat account status?
When an application for account opening is received, the person is allotted a Unique Docket Number (UDN) which serves the purpose of tracking the request and checking the status easily.
Can I close my HDFC account in one year?
Customers are free to close their accounts whenever they wish to.
If a customer decides to close the respective account with HDFC securities between 15 days to 12 months from the opening, a charge of Rs. 500 is levied on it.
What is SIP in HDFC Bank?
SIP or Systematic Investment Plan is an investment plan where the investor must invest a fixed amount over some time in regular intervals.
How can I check my HDFC SIP balance?
To check HDFC SIP Balance, give a missed call on 8506936767. The ring should be from the registered mobile number. After the missed call, you will receive a message acknowledging your request. And then, in some time, you will receive a message mentioning the scheme-wise valuation and total valuation on your registered number.
How much time does it take for HDFC mutual fund Redemption?
The Redemption duration is dependent on the type of mutual fund. A unit’s fund is redeemed within 1 to 5 working days, whereas in the case of a debt-related fund, it only takes 1 to 2 working days for redemption.