HDFC Demat Account – Find Opening Process, Charges, Benefits, AMC & more
HDFC is a much-reputed brand in the financial market and the leading broking houses providing HDFC Demat Account.
In this article we will discuss about 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 as well.
If you have HDFC Bank account already, then the Demat and trading account will be integrated with the same. There are 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 and the charges of the account and the maintenance charges as well.
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 a huge market player in the stock market, and 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, and others.
The 3-in-1 account which includes the Demat, trading and bank account facilitates fund transfer and the whole transaction so well, that there will be no hassle in your trading procedure.
The HDFC Securities Demat Account and trading account can be easily linked to the existing HDFC Bank account or all three can be opened 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 as well 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 as well.
You can easily make order of your trades and also get the payment in your bank account. The transfer of shares along with the 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 and, since the whole process is electronically managed and the integration is so strong, there is hardly any time waste in between the order placement, execution of the order and the reflection of the same in the 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 is received within a minute of order execution.
The HDFC Securities Demat, trading, and bank account and the trading terminals are all secured by 128-bit encryption technology and this makes the whole system secure and safe for your transactions and trading.
You do not require to worry about the transactions going into the wrong hands or being forged by others.
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.
- A pop-up form, which is the application form will be visible on the screen. Fill the details of the form, including the Aadhar number, PAN number and Date of birth and submit.
- On the next page, you need to fill in bank details, including the Account number and the IFSC code.
- Now you have to upload the documents which are required for verification and KYC purpose. You have to upload documents that must include PAN, AADHAAR, Cancelled Cheque, and photograph.
- After uploading the documents you will receive the call from the executives of the HDFC Securities, who will verify the details and inform you about the rest of the process for the opening your Demat account with HDFC Securities.
- You should now sign the form via Aadhaar digitally and if not, in person and then submit.
- 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 other devices, login with the given login id and start trading.
Check out Demat Account Opening Process of other Brokers
HDFC Demat Account Charges
|HDFC Bank Demat Charges|
|Trading Charges [One Time]||Rs 999|
|Trading AMC [Yearly]||Rs 0|
|Demat Charges [One Time]||Rs 0|
|Demat AMC [Yearly]||Rs 750|
|Margin Money||75% Margin|
The HDFC Securities Account Opening Charges are very nominal which is Rs. 999 and it is a onetime 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.
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 little higher than the other firms.
Check out Demat Account Opening Charges of other Brokers
HDFC Trading Account
With the HDFC Trading Account, you can trade any of the investment options. The minimum margin money that you have to keep is 75% Margin which is pretty high as per the industry. You will get to trade up to 20 times of the margin money in your trading account.
You shall be benefited by the technologial advancements provided in the trading account where all the investments can be accessed with transparency.
A vast number of tools and services are provided through the account, including the expert advice, which lets you makes high returns.
There are separate calls and trade options and, you can use the same whenever you need. There is separate customer care number as well in case you need any support from the customer care team of the 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 to be linked with the trading and Demat account.
There are multiple trading softwares and applications that come along with the Demat account of HDFC Securities. There is trading platforms for the phone, desktop, and laptop and other devices and so can you can access the platform online on your web browser.
HDFC Bank Demat Account – Conclusion
HDFC Demat Account facilitates you to trade without any boundary and you can trade way higher than your balance in the trading account. With minimum charges, you can open the account and maintain it as well.
HDFC Securities Demat Account FAQs
Ques – How can I open HDFC Securities Demat Account?
Answer – You need to find the “Open Demat Account” button, which lets you contact with the stock broker. Fill the pop up form when you see it on 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 be released.
Ques – Is HDFC Securities Demat Free?
Answer – 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 demat account maintenance charge. The account opening charge must be paid only once, while the other AMC must be paid once every year.
Ques – What is HDFC Securities Demat Charges?
Answer – Basically, there are two different charges which the account holders are obligated to pay. The first charge is the account opening charge which is charged at a flat rate of Rs.999. The AMC on the other hand is charged at Rs. 750 per annum.
Ques – Is AMC levied on HDFC Securities Demat?
Answer – Yes, AMC is part of multiple charges that this stock broker 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 the rate of Rs.750 per annum.
Ques – Is HDFC Securities’s Demat Account best?
Answer – Yes, the demat account service is the most essential and prime service that HDFC Securities offer. They are a great support system via the demat account, as you can invest in the financial securities belonging from multiple stock exchanges via the demat account.
Ques – Does HDFC Securities provide Demat a/c?
Answer – Yes, demat account is provided by the stock broker for all of its clients. They have a pretty well structured features of the deamt account, wherein it serves as the storage place for securities of all kind, as a bank account is for the storage of funds.
Ques – What Documents required for HDFC Securities’s Demat?
Answer – There are indeed a bunch of documents you need to have handy, so as to go through the account verification process in the right manner. The documents required are Aadhaar card, PAN card, passport size photograph and cancelled cheque.
Ques – Is Aadhaar Compulsory to Open HDFC Securities Demat?
Answer – Yes, Aadhaar Card is mandatory for the process of 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 lets you do the job seamlessly as per the need.
Ques – Is PAN required for Opening HDFC Securities Account?
Answer – Yes, PAN is one of the documents which are essential in order to get along with the account opening process. This stock broker offers 3 in 1 account, and PAN is essential to open a savings bank account or to link a bank account to the demat account.
Ques – Do they Charge Demat Account opening Fee?
Answer – Yes, HDFC Securities has a policy of charging an account opening charge for all the new users. The nature of this charge is of one time charge and hence this payment is not repeated. The charge stands at Rs.999, which has to be paid along with the application.
Open HDFC Bank Demat Account – Fill up the Form Now!
Find out Demat Account details of other Stock Brokers
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