Hdfc Bank Demat Account

HDFC BANK DEMAT ACCOUNT Introduction

HDFC Bank Demat Account

The very important step to start trading in the stock market is, to have a Demat account. If you’re looking to buy& sell securities like shares, mutual funds, digital gold or ETFs online, a dematerialized account is absolutely essential. Dematerialized form is the form where the physical securities are converted into electronic form.

ABOUT HDFC BANK DEMAT ACCOUNT

Everyone gets attracted with the rise or fall in the market, and the first step to take the plunge is to open a Demat Account.

HDFC Bank Demat Services Demat account allows the investor to buy and sell as well as transact a whole lot of products, other than shares and stocks, easily, quickly and without any paperwork and all conveniently under one roof, and within the comforts of your home. HDFC Bank Demat account offers you a safe, online and seamless mode to keep track of your investments. 

With HDFC Bank, you will get a three-in-one account which has the benefits of a Demat Account, Savings Account and a linked Online Trading Account with a unique login ID and password.

ADVANTAGES OF DEMAT ACCOUNT

  1. offers you a safe, online and seamless experience while keeping track of your investments.
  2. Zero charges for Demat Account opening with HDFC Bank Ltd
  3. Investors can electronically purchase and redeem securities, mutual funds, and other investments.
  4. One can store Equity, Mutual Funds, Initial Public Offer (IPO), Exchange Traded Funds (ETF) – Index & Gold, Bonds, Non-Convertible Debentures (NCD) as well in HDFC Demat accounts.
  5. Through net banking, one can go through holding cum valuation statement and also transaction cum billing statement without any hassle.

HOW TO OPEN DEMAT ACCOUNT – HDFC BANK SERVICES

HDFC brand has been in the industry for long, it instantly redeems investment returns to your HDFC Bank account

No hassles of transferring funds to a broker pool account. Instead, earn interest on your savings account till your trade order is executed. 

DOCUMENTS REQUIRED

  1. PAN card 
  2. Passport, a voter ID card, a driver’s license as proof of address
  3. Bank account details
  4. Proof of income for trading in derivatives such as F&O.

Step 1: Log in to your HDFC net banking URL and browse for the ‘Demat’ tab. You will find it at the top right corner. Click on the tab and you will find the options before you. Click on the ‘Apply Online’ option.

Step 2: Once the ‘Demat account opening form’ is loaded you will have to fill all the mandatory fields which are marked with red*. After filling in the form, you will have to click on the checkbox to authorize ‘HDFC securities representatives to call you’ and then click on the ‘SUBMIT’ button.

Step 3: Once your form is successfully submitted you will see the message displayed in the below screenshot ‘Thank you for your interest in HDFC bank Demat account’.

Step 4: Consequently, within two working days, the HDFC securities representative will call you to verify the details provided by you. Once the information is verified, you will have to send an email to the HDFC representative with the below-mentioned document attached.

Proof of Identify: PAN Card (Self-attested) &

Proof of Residence: Aadhaar card (Self-attested) / Passport (Self-attested) / Driving license (Self-attested)

Step 5: On verification of your documents (normally within three working days), you will get a ‘Successful HDFC Demat account opening’ message on your registered mobile number.

Step 6: You may now log in to your HDFC Bank net banking and see that the Demat account       is successfully created and linked to your Internet banking.

HDFC Bank Demat Account Charges

Check out the HDFC bank Demat Account opening fees you need to pay & the charges for maintenance. Be aware of minimum balance & other maintenance charges too.

Check out HDFC Tariff Sheet for Regular and basic Demat account here..

CONCLUSION

Both minor and adult can invest in stocks. Thus, Demat account can also be opened in the name of a minor by their parents. Until the minor reaches adulthood, the parents will be in charge of the account.

The working of a Demat Account is dependent on two other accounts. Firstly, your trading account, which is different from a Demat Account as the latter’s only role is to hold money for trading purposes. Secondly, your bank account which is linked to the Demat & Trading accounts. 

Backed by a rich legacy and unwavering customer focus, we are the partners you can depend on, with in house research team, end to end investment solutions and distinguished industry credentials.

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