What is hold in HDFC securities?

Hold Transfer Release in HDFC Securities is a feature that debits funds from your HDFC Bank account only when the trade gets executed and does not require you to maintain excess funds in your trading account.

Hold Transfer Release feature ensures that the excess funds lie in your Bank account and earn interest. This feature is applicable for HDFC Bank Power of Attorney registered customers. It also allows automatic credit of sale proceeds to HDFC Bank account on T+2.