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HDFC Demat Account

HDFC demat account offers its customers a hassle free, easy and secure way of investment. This bank itself is a Depository Participant of both National Securities Depository Limited (NSDL) and Central Depository Service Limited (CDSL). Opening a demat account is very easy; it just requires following some simple steps like:

  • Duly filled application form.
  • Photocopies of documents required for identity proof like passport, pan card, driving license, voter ID card.
  • Photocopies of passport, pan card, driving license, telephone bill for residence proof.
  • Passport size photographs.
  • Account details which will be joined with the demat account.

Following are the features of HDFC demat account:

  • Pledging of securities.
  • Electronic credit on demand.
  • Auto credit of public issue will be refunded to the bank.
  • Settlement of securities traded on market transactions and exchanges.
  • Easy and seamless transactions.
  • Transactions through emails.
  • Shorter settlements which enhances liquidity.
  • Electronically placed orders.

The charges of HDFC demat account are given below:

  • No charges for opening the account.
  • Maintenance charges Rs 500 per annum.
  • Dematerializations Rs 38 i.e. Rs 35 per request and Rs 3 per certificate.
  • Rematerialisation Rs 10 per certificate.
  • No charges for buying shares.
  • Charges for selling shares are minimum Rs 20, 0.04% of the value of the shares.
  • Pledge services Rs 40, 0.04% of the total value of the shares.
  • Charges for selling of debt transaction Rs 500 per txn, 0.04% of the transaction.
  • No charges applicable for buying of debt transactions.
  • Rs 25 for domestic mailing and Rs 500 for international mailing for non periodic statements and other communications.

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