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HDFC Securities Demat Account Charges, Review, Opening


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HDFC Bank is India's 2nd largest private sector bank. HDFC Securities is the subsidiary of HDFC bank offering investment and trading services in India Stock Market to retail investors. With over 20 lakh customers HDFC Securities is 2nd largest stock broker in India.

HDFC Bank's demat services offers safe, online and seamless platform to keep track of investment.

Most customer opens HDFC demat account along with a 3-in-1 account which includes saving account, demat account and a trading account.

Key Facts:

  • Number of Demat Account with HDFC Securities: 19 Lakhs (as of Sept 2016)
  • Number of Depository Servicing Branches: 2400+

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.

ServiceCharges
Demat Account Opening FeeRs 0
Demat Account Annual Charges (AMC)Rs 750

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
per debit transaction.

ID Transaction Charges
1 Demat Account Opening Charges Rs 999
2 Transaction Charges (Buy)
3 Transaction Charges (Sell)
  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
4 Annual Maintenance Charges (AMC)
  1. For Non BSDA Individual a/c : Rs 750 p.a
  2. For BSDA Individual a/c:
    1. Holding value 0 to 50,000: Nil
    2. Holding value between 50,001 to 2,00,000: Rs 100 p.a
    3. Holding value more than 2,00,000: Rs 750 p.a.
  3. For Corporate a/c:- Rs 1,500 p.a
5 Demat + Courier charges

Rs 5 per certificate + Rs 35 per Dematerialisation request submitted

6 Remat

Rs 30 per request + CDSL actuals

7 Pledge Creation

Nil

8 Pledge Creation Confirmation

If the pledge is marked in favour of HDFC Bank:

  1. 0.02% of the value of the txn subject to min of Rs 40 per txn
  2. 0.04% of the value of the txn subject to min of Rs 60 per txn for BSDA a/c
9 Pledge Invocation

If the pledge is marked to other than HDFC Bank

  1. 0.04% of the value of the txn subject to min of Rs 40 per txn
  2. 2. 0.06%, of the value of the txn subject to min of Rs 60 per txn for BSDA a/c
10 Failed Transactions

Nil

11 Other Charges
  1. Mailing charges for non-periodic statements & other communication: Rs 35 for inland & Rs 500 for foreign address
  2. For restoring services if account is suspended for non payment of charges: Rs 250
  3. Reissuance of Delivery Instruction Booklet (DIB): Rs 75 per Booklet
  4. Settlement Charges: Rs 250 pm for CM Principle account & Unified Settlement account & Rs 500 p.m for CM Settlement account

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Frequently Asked Questions

  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.

     

  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).

     

  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.

     

  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

     

  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.

     

  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.

     

  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.

     

  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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Information on this page was last updated on Wednesday, January 11, 2023

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