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HDFC Securities Open Account | Account Opening Process Review

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HDFC Securities Limited, a subsidiary of HDFC Bank Limited was founded in 2000. They are one of the largest stock broking company, provides brokerage services in the capital markets in India. They offers platform to trade in equities, IPO's, mutual funds, futures and options and currency derivatives, national pension system, NRI offerings, insurance, and fixed deposits and bonds, as well as various value added services.

HDFC Securities also offers 3 in 1 account which enables customer to open demat, trading as well as a bank account together with HDFC Bank Limited. One can open those account independently or at the same time under one umbrella with a single application form. Using 3 in 1 account client won't have to manually transfer money to trading account from the bank account. The required funds get credited automatically. So it's easy to manage. Once your account open you can trade in Equity, IPO, Mutual Fund, ETF, Tax free bonds, Currency Derivatives, Gold ETF etc.

HDFC Securities Open Account

There are two easy ways to open account with HDFC Securities

Fill online Contact Us form on HDFC Securities web site. Enter your name, phone number, email address, city and submit the form. Once the form submitted, one of HDFC Securities representative will get in touch with you.
Visit one of your nearest HDFC Bank Branch and fill up the application for opening an account.

Once form is submitted, application will process at their central processing unit (CPU) and is forwarded to HDFC Bank for linking/ opening of the Bank and Depository accounts. Once the accounts are opened all the details and your Telephone Identification Nos. (TIN), Passwords etc. will sent to the customer. In case your application is not processed because of any missing details, one of their representative will contact you.

HDFC Securities Account Opening Status

Once form is submitted, customer will be get a Unique Docket Number (UDN) upon receipt of application. Using this UDN customer can keep track and check the status of account opening form at any point of time.

HDFC Securities Account Opening Form

HDFC Securities Account Opening Form is available on their HDFC Securities website. Customer has to download and fill it up.

HDFC Securities Account Closure

HDFC customer can close his account any point of time. To closing a account either he can visit one of their nearest branch or download the account closing form from HDFC Securities website. Fill the form and submit to one of their branch. They do not charge anything to closing account.

Account Opening Charges

HDFC charges Rs. 999 for account opening which inclusive of legal and documentation charges. It takes between 2 to 5 working days for an account to be opened, depending on the type of account.

HDFC Securities Account Opening Charges

Customer pays account opening fee for trading account opening with HDFC Securities. The account opening fees are as below:

HDFC Securities Account Opening Charges (Trading Acct): ₹999
HDFC Securities AMC Charges (Trading Acct): ₹0
HDFC Securities Account Opening Charges (Demat Acct): ₹0
HDFC Securities AMC Charges (Demat Acct): ₹750

FAQ's

How to close HDFC Securities Demat Account
If you are not using the HDFC Securities account for more than 6 months, it's recommended to close the account to save your maintenance fee.

You can choose either one of the below methods to close your account
1. You can visit one of their nearest branches and fill the required form. After filling the form submit it and you will get the confirmation SMS alert.
2. Or download the Account closing form from the website of the depository participant or DP.
3. Fill it with all required information like DP ID and Client ID, Existing details like name and address, Reason for closing the account etc. and submit to your nearest branch.
Note:
1. They do not charge any account closing fee from their customers.
2. All holders are required to sign the closure request form. POA holder (if any) cannot sign the closure request.
3. If the account has any negative cash balance, it must be settled before submitting the request for its closure.
4. Unused delivery instruction booklet slip should be submitted back to the DP.
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