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Depository Concepts |
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A Depository is like a bank where securities are held in electronic (dematerialised) form.
In India, currently there are two Depositories -National Securities Depositories Limited (NSDL) and Central Depository Services Limited (CDSL).
Under the Depositories Act, investors can avail of the services of the Depositories through Depository Participants (DP) such as HDFC BANK . DP's are like bank branches wherein legible securities in physical form need to be deposited for converting the same to electronic (demat) form.
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Types of Demat Accounts |
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Resident Individual Account. |
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Hindu Undivided Family (HUF) Account. |
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Domestic Corporate Account. |
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Non Resident Indian (NRI) Account. |
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Clearing Member Account. |
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Commodities Account. |
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Pool Accounts for Brokers and Clearing Members. |
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Margin Account
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Account Opening Process |
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You may kindly make a request in our website in "Become a Customer" under "Apply for a demat account". Our executive will visit you at your convenience to complete the formalities.
The above would include "IN-PERSON" verification by a DP staff and executing the documents in presence of a DP staff.
Alternatively, you may kindly visit our branch to obtain the necessary applications and complete the formalities.
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Upon processing of your application form
You will receive a "Welcome Kit" which will include a Personalised Instruction Booklet alongwith a DP Client Master list ( CML) for the demat account. The CML will contain the following:
- Your Demat Account Number.
- Name(s) of the Account Holder(s).
- Nomination details, if applicable and opted.
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In case you need any more information please mail your queries to dphelp@hdfcbank.com
Disclaimer:
Whatever have been stated above are in the good interest of the Investor / Demat Applicants / holders to provide a brief picture about the depository system. You are requested go through the guidelines of the depositories before taking any further action. For detailed guidelines, you are requested to approach your nearest HDFC Bank branch. HDFC Bank will not be responsible for any misunderstanding / act based on the above. Also HDFC Bank might ask for additional information / documentation than what has been stated above to process your application / instruction.
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| Apply Now |
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Just fill the Online Application Form and our representative will get in touch with you shortly.
Other Ways to apply :
*Conditions Apply
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