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Demat Account Charges
Please click on the links below for the respective Fees & Charges

NSDL (effective 1st Sept '2010)
CSDL
SEBI circular on Refund of AMC for closure cases

Fee Schedule for HDFC Bank Depository Services - NSDL


Sr. No. Fee Head Type Fees Minimum
1 Account Opening - NIL (statutory charges would be recovered) -
2 Dematerialization Certificate + Request Rs.5/- per certificate +
Rs. 35/- per request
Rs.40/- (min)
3 Rematerialisation Request

Rs.30/- per request +
NSDL Actuals
-
4 Folio Maintenance # Level 1 (upto 10 txns.) Rs.750/- per annum -
Level 2 (between 11 and 25 txns.)

Rs.500/- per annum
-
Level 3 (greater than 25 txns.) Rs.300/- per annum -
5 Pledge Services If Pledge is marked in favour of HDFC Bank 0.02% of the value of the txn. Rs.25/-
If Pledge is marked to other than HDFC Bank 0.04% of the value of the txn. Rs.25/-
6 Debt Transaction Credit Nil -
Debit 0.04% of the value of the txn. Min. Rs.25/- (per txn.) Max. Rs.5,000/- (per txn.)
7 Equity Transaction
Credit Nil -
Debit SPEED-e
0.04% of the value of the txn.
Rs.20/- (min)
HDFC Securities
0.04% of the value of the txn.
Rs.25/- (min)
Manual
0.04% of the value of the txn.
Rs.40/- (min)
8
Mailing Charges for Non Periodic statements
Inland Address Rs.35/- per request
-
Foreign Address Rs.500/- per request
-

In case of non-recovery of service charges due to inadequate balance in your linked bank account or inadequate advance fees or invalid bank account, the Depository services for your account will be temporarily discontinued. Any request for resuming the services will be charged at Rs. 250/- per request and services will be resumed in a minimum of three working days from the date of receipt of request with us and payment of all dues.

Conditions:
Two options for the fulfillment of Demat service charges are mentioned below:
Option: 1
  • •Customers who have a depository relationship only will be required to pay an advance fee of Rs. 7,500/-, for each Demat Account, which will be adjusted against service charges. The customer is also expected to immediately replenish the balance when it falls below Rs. 5,000/- or

Option 2
  • Customers who have a banking relationship with HDFC Bank will need to provide a debit authorization for the recovery of service charges.

Common Clauses
  • " The above charges are exclusive of Service Tax and Education Cess which is currently @ 10.30% and other levies levied by Government bodies / statutory authority from time to time.
  • " All charges / service standards are subject to revision at the Bank's sole discretion and as informed by circulars sent by ordinary post / courier.
  • " The Folio Maintenance Charges are levied, in advance, for a period of one year at the beginning of the period. The Agreement Stamp Paper charges would be recovered from the linked Bank account.
  • " The value of the transaction will be in accordance with rates provided by Depository.
  • " The transaction charges will be payable monthly. The charges quoted above are for the services listed. Any service not quoted above will be charged separately.
  • " The pledge services will include individual pledge creation request, closure requisition, pledge invocation receipt and pledge invocation delivery favouring other counterparties only.
  • " The operating instructions for the joint accounts must be signed by all the holders.
  • " All instructions for transfer must be received at the designated branches of the Bank at least 24 hours before the execution date.
  • " The charges for processing of instructions submitted on the execution date (accepted at client's risk) - 0.25 % on the value of transaction, minimum of Rs.25/- per instruction

  • # All transactions (Market, Off - market, Demat and Remat) made over the current billing cycle (1 year prior to levy of FMC) would be considered for computing the subsequent year's Folio Maintenance charges applicable for your Demat Account. Presently Mutual Fund & Pledge related transactions made over the current billing cycle (1 year prior to levy of FMC) would not be considered for computing the subsequent year's Folio Maintenance charges applicable for your Demat Account.
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Fee Schedule for HDFC Bank Depository Services - CDSL


Sr. No. Fee Head Type Fees Minimum
1 Account Opening - NIL (statutory charges would be recovered) -
2 Dematerialization Certificate + Request Rs.5/- per certificate +
Rs. 35/- per request
Rs.40/- (min)
3 Rematerialisation Request

Rs.30/- per request +
CDSL Actuals
-
4 Folio Maintenance # Level 1 (upto 10 txns.) Rs.750/- per annum -
Level 2 (between 11 and 25 txns.)

Rs.500/- per annum
-
Level 3 (greater than 25 txns.) Rs.300/- per annum -
5 Pledge Services If Pledge is marked in favour of HDFC Bank 0.02% of the value of the txn. Rs.25/-
If Pledge is marked to other than HDFC Bank 0.04% of the value of the txn. Rs.25/-
6 Debt Transaction Credit Nil -
Debit 0.04% of the value of the txn. Min. Rs.25/- (per txn.) Max. Rs.5,000/- (per txn.)
7 Equity Transaction
Credit Nil -
Debit SPEED-e
0.04% of the value of the txn.
Rs.20/- (min)
HDFC Securities
0.04% of the value of the txn.
Rs.25/- (min)
Manual
0.04% of the value of the txn.
Rs.40/- (min)
8
Mailing Charges for Non Periodic statements
Inland Address Rs.35/- per request
-
Foreign Address Rs.500/- per request
-

In case of non-recovery of service charges due to inadequate balance in your linked bank account or inadequate advance fees or invalid bank account, the Depository services for your account will be temporarily discontinued. Any request for resuming the services will be charged at Rs. 250/- per request and services will be resumed in a minimum of three working days from the date of receipt of request with us and payment of all dues.

Conditions:
Two options for the fulfillment of Demat service charges are mentioned below:
Option 1:
Customers who have a depository relationship only will be required to pay an advance fee of Rs. 7,500/-, for each Demat Account, which will be adjusted against service charges. The customer is also expected to immediately replenish the balance when it falls below Rs. 5,000/- or
Option 2:Customers who have a banking relationship with HDFC Bank will need to provide a debit authorization for the recovery of service charges.

Common Clauses
  • The above charges are exclusive of Service Tax and Education Cess which is currently @ 10.30% and other levies levied by Government bodies / statutory authority from time to time.
  • All charges / service standards are subject to revision at the Bank's sole discretion and as informed by circulars sent by ordinary post / courier.
  • The Folio Maintenance Charges are levied, in advance, for a period of one year at the beginning of the period. The Agreement Stamp Paper charges would be recovered from the linked Bank account.
  • The value of the transaction will be in accordance with rates provided by Depository.
  • The transaction charges will be payable monthly. The charges quoted above are for the services listed. Any service not quoted above will be charged separately.
  • The pledge services will include individual pledge creation request, closure requisition, pledge invocation receipt and pledge invocation delivery favouring other counterparties only.
  • The operating instructions for the joint accounts must be signed by all the holders.
  • All instructions for transfer must be received at the designated branches of the Bank at least 24 hours before the execution date.
  • The charges for processing of instructions submitted on the execution date (accepted at client's risk) - 0.25 % on the value of transaction, minimum of Rs.25/- per instruction
  • All instructions for transfer must be received at the designated branches of the Bank atleast 24 hours before the execution date.
  • # All transactions (Market, Off - market, Demat and Remat) made over the current billing cycle (1 year prior to levy of FMC) would be considered for computing the subsequent year's Folio Maintenance charges applicable for your Demat Account. Presently Mutual Fund & Pledge related transactions made over the current billing cycle (1 year prior to levy of FMC) would not be considered for computing the subsequent year's Folio Maintenance charges applicable for your Demat Account.

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SEBI circular on Refund of AMC for closure cases

SEBI vide circular no. CIR/MRD/DP/20/2010 dated July 1, 2010 has advised that in the event of closing of the Demat account or shifting of the Demat account from one Depository Participant (DP) to another, the AMC collected upfront on annual / half yearly basis by the DP shall be refunded by the DP to the Beneficial Owner (BO) for the balance of the quarter/s.

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