HDFC Securities Demat Account Charges, Review, Opening

HDFC Securities Demat Account Opening Charges

To open a new Demat account with HDFC Securities, the customer may have to pay Demat account opening charges. The broker may also charges Annual Maintenance Charges (AMC), a yearly fee to maintain the Demat account.

HDFC Securities Demat Charges

HDFC Securities trading and demat account opening charges are Rs 999. HDFC Securities charges Rs 750 per year demat account AMC. HDFC Securities demat debit transaction charge of Rs

1. 0.04% of the value of txn subj to min Rs 20 per txn done by EASIEST. For BSDA a/c it's 0.06%, Min Rs 40
2. 0.04% of the value of txn subj to Min Rs 25 per txn done by HDFC securities. For BSDA a/c It's 0.06%, Min Rs 45
3. 0.04% of the value of txn subj to Min Rs 40 per txn undertaken by Manual txn. For BSDA a/c it's 0.06%, Min Rs 60
4. For Debt txn 0.04% of the value of txn subj to Min Rs 40 & Max Rs 5,000 per txn. For BSDA a/c it's 0.06%, Min Rs 60 & Max Rs 5,000
5. If instruction is submitted on the date of execution then 0.25% of the value of txn subj to Min Rs 25 per txn

1. 1. Is HDFC Securities NSDL or CDSL?

   HDFC Securities is a SEBI registered Depository Participant member with CDSL and NSDL.

   NSDL and CDSL are the two depositories of India that hold shares, bonds, mutual funds, and other securities of investors in the electronic form in the Demat accounts and keep your holdings safe and secure.

   HDFC Securities Depository Participant Details:

   • HDFC Securities SEBI DP Registration : IN-DP-372-2018
   • HDFC Securities NSDL DP ID : IN304279
   • HDFC Securities CDSL DP ID : 12086700

   You can choose to open your Demat account with any of the DP while trading.

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2. 2. What is HDFC Securities Demat account?

   HDFC Securities Demat account is an online account that holds your securities, bonds, mutual fund in an electronic format.

   HDFC Securities Demat Services offers a safe, secure, and seamless trading experience to its users with NSDL/ CDSL as depositories.

   You can open a Demat account online or offline with HDFC Securities free of cost (Rs.0 charge). The company charges an AMC of Rs.750/- per annum (waived off for the 1st year).

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3. 3. How to open an HDFC securities Demat account?

   You can open an HDFC securities Demat account by online or offline mediums at zero cost.

   The online Demat account opening is a 100% paperless process that can be done from home at your convenience.

   To open HDFC Securities Demat account online, you need to provide and upload below details on HDFC Securities website or mobile app,

   • Phone number
   • Personal details
   • Bank details
   • Video IPV
   • KYC documents
   • E-signature

   For offline Demat account opening, you will have to:

   1. Go to the nearest HDFC Securities branch.
   2. Fill up the Demat account opening application form and KYC form.
   3. Provide KYC documents (PAN Card, residence Proof, ID proof, 1-3 passport photographs).
   4. Provide bank account details along with a cancelled cheque of the existing account.

   You will receive the Demat account details over mail once your account gets opened by the broker.

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4. 4. What are the charges of the Demat account in HDFC?

   HDFC Securities offers free Demat account opening with zero maintenance for the first year. From the second year, HDFC Securities charges Rs. 750 towards annual maintenance charges.

   HDFC Demat Charges

   DP Charge Head	Charge
   Account opening	Nil
   AMC	Rs 750 p.a.
   Credit Transaction	Nil
   Debit Transaction (within HDFC Securities)	0.04% of transaction value or Rs 25 whichever is higher
   Pledge (Creation/Invocation/Closure in favour of HDFC Bank)	0.02% or Rs 40 whichever is higher
   Dematerialization	Rs 5 per certificate + Rs 35 per request
   Reissuance of Delivery Instruction Slips (DIS)	Rs 75 per booklet

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5. 5. How to open a Demat account in HDFC securities?

   You can open a Demat account in HDFC securities online or by visiting the nearest branch.

   To open the Demat account online, sign up with your mobile number and provide KYC details online on the mobile app or website. Upload the documents and e-sign to complete the account opening process.

   You can also visit the nearest HDFC Securities branch wherein, a company representative can guide you through the entire Demat account opening process. In offline account opening, you need to fill up the physical Demat account opening application and submit the required KYC documents along with bank and personal details.

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6. 6. Does HDFC have a Demat account?

   Yes, HDFC Securities offers Demat account services to its customers through its depository membership with NSDL and CDSL.

   You can either open only the Demat account, 2-in-1 account (Trading and Demat), or a 3-in-1 account (All-In-1 Investment account- Trading, Demat, and Bank account). HDFC Securities offers a free Demat account opening with AMC of Rs 750 (waived off for the first year).

   HDFC Securities Demat Account allows you to hold shares, Mutual Funds, Bonds in an electronic format that offers smooth and hassle-free investments.

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7. 7. How to add nominee in HDFC securities Demat account?

   You can add the nominee in the HDFC Securities Demat account either while opening the account or later.

   The addition of nominees in HDFC securities at a later stage is an offline process wherein you need to submit a duly filled nomination application form to the DP office.

   Steps to add a nominee in HDFC Securities Demat account:

   1. Visit HDFC Securities homepage.
   2. Go to Important Information at the bottom of the page and click on Forms.
   3. Download the HDFC Securities Demat nomination form.
   4. Provide your Demat details.
   5. Add the details of the nominee. (Name, Relationship, Address, Contact No., Email ID)
   6. Submit the form to the nearest DP servicing branch.

   HDFC Securities Demat account nomination allows you to add up to 3 nominees.

   Point to Note: Only individuals holding accounts either singly or jointly can make a nomination. Non-individuals including society, trust, body corporate, Karta of Hindu Undivided Family, holder of power of attorney cannot appoint a nominee.

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8. 8. How to check the Demat account number in HDFC securities?

   You can check the Demat account number in HDFC Securities mobile app or website under your profile.

   Steps to check Demat account number in HDFC Securities:

   1. Login to your HDFC Securities account.
   2. Click on your name displayed to expand the profile information.
   3. Go to the DP Details section that displays your DP ID and Client ID.

   A Demat account number is a 16-digit number assigned to each customer. The initial 8-digits of your Demat account number represent the ID of your DP that is common for all and the latter 8-digits represent your unique customer ID.

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