HDFC BANK is one of the leading Depository Participants (DP) in the country with over 1.5 million demat accounts.
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- Demat Account
Why open a Demat account?
HDFC Bank is a leading Depository Participant in India with over 1.5 million Demat Accounts.
HDFC Bank Demat Services offers you a secure and convenient way to keep track of your securities and investments, without the hassle of handling physical documents
What are the features?
- No Account Opening charges
- 1st year waiver on Annual Folio Maintenance Charges
- Transaction linked Annual Folio Maintenance charge from 2nd year onwards (The more you transact, Lesser you pay)
- No stamp dutyA tax levied on documents, stamp duty applies to documents like cheques, receipts, licenses and transaction records. on transfer of securities held in Demat form
- Auto credit of rights / bonus / public issues in your Demat Account through ECSStands for Electronic Clearing Service. It is a mode by which funds are automatically debited to your account every month to pay or a certain bill or fee. It helps so you don’t have to remember every month to pay your regular bills. It is only done after a standing instruction is given by the account holder.
- Holding / Transaction details can be viewed through HDFC Bank Net Banking by registering for DP on Net for free of cost
- Pledging of securities
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How does it work?
A Depository is like a bank where securities are held in electronic form. There are two Depositories in India – National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL).
Under the Depositories Act, investors can use the services of these Depositories through Depository Participants (DP) such as HDFC Bank.
There are a number of benefits:
- Settlement of securities are traded on exchanges and as well as off-market transactions
- Shorter settlements enhance liquidity
- No stamp dutyA tax levied on documents, stamp duty applies to documents like cheques, receipts, licenses and transaction records. on the transfer of securities held in Demat form
- Changing your address, registering a power of attorney and even signatures can be effected across companies and held in Demat form by a single instruction to the Depository Participant
HDFC Bank also facilitates registration of SPEED-e (NSDL) & Easiest (CDSL). These internet-based transaction allows you to submit delivery instructions electronically, via the SPEED-e / Easiest website. This way, you have security when processing transactions, without the hassle of preparing and submitting instruction slips.
With facilities like 'IDEAS' & Easi, you can view the current transactions and balances of your Demat Account in real-time.
You can also hold mutual funds in a Demat Account. There are three steps to access this facility:
- 1. Give your Demat Account details to the Asset Management Company (AMC) / Registrar and Transfer Agent (RTA).
- 2. Submit a request to your Depository Participant (DP) for conversion of existing Mutual Fund units.
- 3. Buy Mutual Fund units through the stock exchange platform.
This way, investors have a single Demat Account Transaction / Holding Statement for Shares, Debentures and Mutual Fund units.
If you have questions about opening a Demat Account, or you would like to offer feedback, please write to us at infodp@hdfcbank.com
You can also visit your closest DP service providing branch.
Concepts and Processes
Depository Concepts
A Depository is like a bank where securities are held in electronic form. There are two Depositories in India – National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL).
Under the Depositories Act, investors can use the services of these Depositories through Depository Participants (DP) such as HDFC Bank.
Types of account include:
- Resident Individual
- Hindu Undivided Family (HUF)
- Domestic Corporate
- Non-Resident Indian (NRI)
- Clearing Member (Pool Account)
- Commodities
- Margin
Dematerialisation of Securities
This involves converting your Physical Securities into an electronic format.
Since Stock Exchange transactions can be handled in Demat form only, it is good to hold your securities in electronic form. This way, it’s easy to make a transfer to another account and you will not attract stamp dutyA tax levied on documents, stamp duty applies to documents like cheques, receipts, licenses and transaction records..
Points to Remember:
- Submit original certificates with a Demat Request Form (DRF)
- Ensure that you have signatures from all account holders
- Certificates should state ‘Surrendered for De-materialization’ your client ID and DP ID
- Make your DRF submission in triplicate, or as requested by your DP
When HDFC Bank has received the DRF and certificates, we will:
- Verify all names as per our records
- Verify all signatures as per our records
- Forward the certificates to the relevant Registrar or Company
The De-materialisation credit process normally takes around 30 days but may vary depending on the Registrar and Company. If your securities have not been credited after 30 days, please contact us at dphelp@hdfcbank.com and we shall assist you to coordinate with the Company / Registrar to receive your demat credits.
If your request is rejected, please contact the branch where it was submitted. We will help to rectify and resubmit your Demat request.
Dematerialisation Credit
- After receiving the securities certificates and DRF, the Registrar/Company will process the request and arrange to credit the equivalent quantity into your Demat Account. This process takes around 30 days but may vary from one Registrar/Company to another.
- You may verify your monthly Demat transaction statement in months when transactions occur. You can also check your statement on the bank’s website, if you are a customer and have linked your Demat Account. The status will be reflected as "Pending Demat" till the time the electronic credit is made to your account. Once the credit is made, it will be reflected / added in the beneficiary balance.
- An SMS is also sent to you, intimating you of demat credits.
Rejection of Demat Requests
- In case your Demat request is rejected, kindly contact the branch where it was submitted for assistance on receipt, rectification and re-submission of your demat request.
- An SMS is also sent to you, intimating you of demat rejection.
- You may arrange to re-submit the securities to us for Dematerialisation, after necessary rectifications. Please ensure that a fresh DRF is submitted and not the one that has just been rejected.
Transmission-cum-Demat
- In case security certificates are held jointly with a person who is deceased, the surviving holders can submit the certificates along with an original / notarized / gazette attested copy of the death certificate of the deceased and a ‘Transmission cum Demat’ form. The combination of names of the surviving holders on the certificates and on the account may be in the same or reverse order.
- Ensure that an application, in the required format, is submitted along with each DRF.
Transposition cum Demat
In case security certificates are held jointly but the order of names on the certificates do not match exactly with the order of names in which the Demat Account is held, then the holders can submit a 'Transposition cum Demat' form along with the DRF and certificates to enable Demat of these certificates into such a Demat Account.
Eg. Certificates held by A & B or A & B & C can be dematted into a Demat account held by B & A or C & B & A respectively.
Disclaimer:
Whatever has been stated above is in the best interest of the Investor / Demat Applicant / holder 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.
Instruction Slip Processing
Instruction slips are just like cheque leaves, but they must be clearly signed by all account holders. Make sure you keep them securely and submit on time for timely execution.
Market Transactions should include:
- CMBP ID of your broker
- CM name of your broker
- Market Type
- Settlement Number
- ISIN Number
- Scrip Name
- Quantity in Numbers
- Quantity in Words
- Execution Date
Off-Market Transactions should include:
- DP ID
- DP Name
- Client ID
- ISIN Number
- Scrip Name
- Quantity in Numbers
- Quantity in Words
- Execution Date
Please note that you will also need to provide a reason for the Off-Market Transaction, along with a Consideration amount (if any).
- Securities Lending and Borrowing (SLB) should be submitted on the trading day
- Electronic Instruction through Speed-E & Easiest can be self-submitted, meaning there is no need for a physical instruction
- Inter-depository Transactions involve a transfer of securities between two Demat Accounts held in two different depositories
Conversion & Redemption of Mutual Funds
Conversion of Mutual Funds
- Conversion of Mutual Fund (MF) units held in Statement of Account (SOA) form to Demat form. This involves converting your MF units held vide physical SOA into an electronic Demat format similar to dematerialisation of Physical Securities.
- This way you can conveniently manage all your investments in securities and mutual funds in a single Demat Account without the hassle of handling physical paper.
Points to Remember:
- Submit original SOA with a Conversion Request Form (CRF)
- Ensure that you have signatures from all Account holders
- Make your CRF submission in triplicate, or as requested by your DP
When HDFC Bank has received the CRF and SOA, we will:
- Verify all names as per our records
- Verify all signatures as per our records
- Forward the request documents to the relevant Registrar or AMC.
The Conversion credit process normally takes around 30 days but may vary depending on the Registrar and AMC. If your MF units have not been credited after 30 days, please contact us at dphelp@hdfcbank.com and we shall assist you to coordinate with the Company / AMC to receive your MF demat credits.
If your request is rejected, please contact the branch where it was submitted. We will help to rectify and resubmit your Conversion request.
An SMS is also sent to you, intimating you of MF demat credits / rejects.
You may avail Transmission cum Demat and Transposition cum Demat services in the Conversion process also in coordination with your DP & the Registrar / AMC.
Redemption of Mutual Fund Units held in your Demat Account
This is where you opt to redeem Mutual Fund units held electronically in your Demat Account for their monetary value.
When we receive your Redemption Request, we will:
- Verify names
- Verify signatures
- Process your request and electronically intimate to the Registrar or AMC.
- The monetary proceeds are sent by the Registrar or AMC directly to your Bank Account or address registered for the demat account through which the redemption was requested.
Re-materialisation of Securities
This is where electronic securities are converted into physical securities – the reverse of de-materialisation. It is important that you refer to your tariff or branch for remat charges during submission of your remat request.
Commodity customers can submit their Physical Delivery Request Form for collection of commodities from the warehouse. This process is also called remat of commodities.
Ensure that:
- Request RRF is signed by all account holders
- One RRF per ISINStands for International Securities Identification Number (ISIN). It is a unique 12-character alpha-numerical code for a security so you can trade in that security. Securities for which ISINs are issued include bonds, commercial paper, equities and warrants. per account is submitted
When we receive your RRF, we will:
- Verify names
- Verify signatures
- Process your request and forward it to the Registrar or Company
- The physical security certificate is sent by the Registrar or Company directly to your address registered for the demat account through which the remat has been requested.
Pledge of Securities
- Demat Accounts of both the pledgor (borrower) and the pledgee (lender) should be in the same depository.
- The Pledgor must initiate the pledge by submitting us the Pledge Request Form (Annexure W) with the details of the securities to be pledged
- The pledgee should confirm the request through his DP.
- Post this, the securities are pledged and will lie in the pledgor’s account in 'Pledge' status.
Please note that all the financial transactions between the pledgor and the pledgee are handled outside the depository system.
Pledge Creation
- The Pledgor must initiate the pledge by submitting us the Pledge Request Form (Annexure W) with the details of the securities to be pledged
Pledge Confirmation
- The pledgee(s) should confirm the request through their DP.
Pledge Closure
- Any one of the below two options can be excerised for pledge closure-
- a)The Pledgee(s) can close the pledge through the ‘Unilateral’ closure via their Demat Account for freeing the shares in the Pledgor’s Demat Account
- b)The Pledgor needs to submit the Pledge Closure request to his DP, which will be confirmed by the Pledgee's DP for freeing the shares of the Pledgor
Invocation of Pledge
If a Pledgee(s) wishes to take securities into their Demat Account (typically in case of default by the Pledgor) they can invoke the shares without any further instruction from the Pledgor.
Freezing/De- freezing
It’s possible to freeze your Demat Account or a specific set of ISINs in your account. Just submit an instruction to HDFC Bank with a future execution date.
De-freezing the account requires another instruction in this format.
Nomination
Nomination is for Individual and NRI Accounts only.
Nominees must be individuals. Trusts cannot be nominated. Minors can be nominated, but please provide a photo of the minor along with a signed photo of the minor’s guardian. Please note that the guardian should not be an applicant or holder of the account.
Corporate Benefits
- Monetary
In the case of benefits such as Dividends, Interest and Refunds the company concerned processes the same through the ECSStands for Electronic Clearing Service. It is a mode by which funds are automatically debited to your account every month to pay or a certain bill or fee. It helps so you don’t have to remember every month to pay your regular bills. It is only done after a standing instruction is given by the account holder. route, crediting your bank account details available on the date of entitlement. Hence account holders should update their dividend bank details along with the MICR details in their Demat Accounts.
- Non-Monetary
In the case of benefits such as Bonuses and Rights, the necessary intimation and forms are dispatched by the Registrar or Company on the day of entitlement.
Similarly, in the case of Open Offers and Buybacks, and or any other corporate actions like Mergers, Demergers and Amalgamations, the necessary communication will be mailed to your address available in your Demat Account.
With Buybacks and Open Offers the balance shares, if any, will be credited back to your Demat Account directly by the relevant Registrar or Company.
Statements
Demat statements are sent monthly in case of any transactions or quarterly by default. The customers opted for statement by email facility will get statements through email.
For any queries or information related to Demat Account or you would like to offer feedback, please write to us at infodp@hdfcbank.com and in case you have any complaints, please write to us at dphelp@hdfcbank.com
If the first account holder has a Savings or Current Account with HDFC Bank it is also possible to register for NetBanking and DP on Net.
Change of Address
To change the address in your Demat account, please ensure you provide:
- A written request signed by all account holders
- Your latest Demat Account transaction statement (if the same is submitted through a representative)
- Identity Proof for all account holders
- New Address Proof
HDFC Bank will verify the ID proof and address details and make the required changes. We will send a confirmation of this to both your old and new addresses.
Change of Signature
To change the signature in your Demat Account, please ensure you provide:
- A signed request as per our format
- Your new signature attested by your banker with their signature, name, employee code and bank address
- The reason for the change of signature
- Valid ID proof along with the original
You are required to submit your request personally, and sign in front of a bank official.
Change Bank Account Details
If the bank account details of your first account holder must be changed, please submit a signed change request along with:
- A cancelled cheque leaf
- The complete address of the bank in the following format –
- Building/Tower/Apartment/Palace/Chamber/Mansion
- Street/Road/Marg/Lane/Avenue/Rasta
- Area Name
- City Name
- 9-Digit MICR Code
- IFSC code
Power of Attorney (POA)
It is possible to register a POA, allowing another individual to operate your Demat account.
Please ensure:
- The POA holder meets the KYCKnow your customer (KYC) is a form which will let the bank know who customer is, his address and his the financial and occupational status. guidelines of HDFC Bank
- A notarised copy the POA is submitted, including the signature of the Donor and Donee.
- At least the minimum clauses advised by NSDL are held by the POA
- ID proof of the power of attorney holder is furnished
- Photograph is signed across
- A Consent Letter is provided
- Mobile number for the SMS facility is offered by Depository
Transmission
In the case where an account holder has passed away, it is possible to transfer securities to surviving holders, valid nominees or legal heirs.
- Surviving Holders
Can have the securities transmitted into their accounts by maintaining or opening the Demat Account in the same holding pattern, excluding the deceased holder. - Nominees
In the case of death of the sole or all holders of a Demat Account, and if a valid nomination is registered, the nominee can make a request. This should be submitted with a notarized copy of the Death Certificate/s. - Legal Heir(s)
If there are no surviving joint holders, and no nomination registered, the transmission can be effected to the account of the legal heir. A Succession Certificate or Probate of Will or letter of administration duly notarized should be submitted.
Demat Fees
Transaction charges are monthly, and include NSDL and CDSL charges.
You will receive these details in your monthly statement.
De-materialisation charges are incurred monthly, and Annual Maintenance Charges are added at the expiry of every 12 months for the next year.
All charges are debited from the authorised Savings or Current Account.
Closure of Account
Closing an account requires the submission of a form signed by all members. If there is any holding in the account this should be transferred before closure, which requires a valid Demat Account number.
If there is a pending de-materialisation, the Account cannot be closed. However Demat Account holders can request the DP to Cancel their Pending Demat Request electronically in the Depository system.
Please also ensure there are no pending corporate actions, as this could mean the Registrar or Company involved cannot credit the securities as required.
DP on Net
We appreciate that you value secure and convenient access to all Depository Service information and transactions, and our DP on Net service gives you an easy online link.
Using DP on Net, account holders with an HDFC Bank Savings or Current Account can view their Demat Account statuses.
They are able to:
- View transactions for the last one year only. However the date range should not exceed 10 days.
- View the status of Demat requests
- Check customer accounts with a Client Master list
- Get ISINStands for International Securities Identification Number (ISIN). It is a unique 12-character alpha-numerical code for a security so you can trade in that security. Securities for which ISINs are issued include bonds, commercial paper, equities and warrants. details with market rate
- View their settlement calendar
- View holding statements
To use DP on Net just log on to NetBanking and click on the Demat section.
Click here to download the NetBanking Application Form.
Rajiv Gandhi Equity Savings Scheme ( RGESS)
The Scheme
The scheme was proposed in the Union Budget of 2012-13 to encourage the savings of the small investors in the domestic capital market.
Salient Features of the Scheme
- One time opportunity for the first time investors who have not invested in capital market, to avail a tax benefit on upto Rs. 25,000/- under sub section 1 of 80 CCG under Income Tax Act, 1961
- Easy and convenient opportunity for small retail investors with an Annual Gross Income ≤ Rs. 10 lakhs
- Tax Benefit: Maximum investment limit under this scheme to avail tax benefit is Rs. 50,000/-, subject to a deduction of 50% on the amount invested
- Additional tax benefits over and above the present tax savings schemes under the Income Tax Act
- Flexibility to invest in the RGESS eligible securities in instalments in one financial year
- Option of investing in a wide range of securities in domestic securities market and equity shares of public sector enterprises which are categorized as Maharatnas, Navratnas and Mini-ratnas by the Central Government.
- The total lock-in period for investments under the Scheme would be three years including an initial blanket lock-in period of one year, commencing from the date of last purchase of securities under RGESS. In case if the investor fails to meet the conditions stipulated, the tax benefit will be withdrawn.
Eligibility Criteria
- The annual gross income of the individual is less than or equal to Rs. 10 Lakhs for the financial year in which the investment is made under the scheme
- Any resident individual, who has not opened a Demat account till date across all Depositories and has not made any transactions in the derivative segment as on the date of notification of the scheme, will fall under the definition of ‘new retail investor’.
AND
Any individual who is not the first account holder of an existing joint Demat account shall be deemed to have not opened a Demat account for this Scheme
Eligible Securities
The individual can invest in any of these securities:-
- Stocks listed under BSE 100 or CNX 100 & their Follow on Public Offers
- PSUs designated as Navratnas, Maharatnas, Miniratnas & their Follow on Public Offers
- IPO of PSUs with annual turnover greater than Rs.4000 cr. consistently for past 3 years
- Mutual Funds (MF) and Exchange Traded Funds (ETF) that have RGESS eligible securities as their underlying and are listed and traded in the stock exchanges and settled through a depository mechanism.
You can avail for RGESS facility by following the process below
- You can opt for this scheme by submitting Form A at HDFC Bank's DP servicing Branches at the time of opening the Demat Account.
- On receipt of the form, Bank will validate your eligibility basis the PAN card of the First holder updated in the Demat Account.
- If the client is eligible for RGESS scheme as per SEBI guidelines, the Welcome kit sent to you will contain your RGESS status on the Client Master List.
- The eligible customer can now invest in RGESS eligible securities with a maximum limit of Rs. 50,000/- to claim the tax benefit, which will be automatically locked-in the Demat Account
- Any investment in the RGESS eligible securities over and above the cap of Rs. 50,000/- will not be locked and cannot be claimed for any kind of tax benefit
- If you do not wish a certain set of eligible securities to be locked for RGESS, he / she can submit a Form B within 30 days of such investment.
- You can sell part of the securities during flexible lock-in period (after the first year), however the value of securities sold should be replenished with equivalent value of other securities as defined under the RGESS. This also holds true for any voluntary corporate actions by the investor such as Buy-Back, Rights issue etc.
Note : As per SEBI guidelines deduction claimed shall be withdrawn if the lock-in period requirements of the investment are not complied with or any other condition of the Scheme is violated.
How do I open an account?
To open a Demat Account just make a request on our website at ‘Become a Customer’ under ‘Apply for a Demat Account’.
We will then visit you, at your convenience, to complete the formalities.
Alternatively, you can visit an HDFC Bank Branch where we will be happy to help you with the application process.
You will be provided with a ‘Welcome Kit’, which includes:
- 1. A Welcome Letter
- 2. Your personalized instruction booklet
- 3. A Client Master List (CML), which includes:
- a) Name of holder/Savings Bank and Address
- b) Bank Account details
- c) Nomination details (if any)
- d) Demat Account Number and DP ID
- 4. DP-Client Agreement and Tariff Sheet
If you have questions about opening a Demat Account, or you would like to offer feedback, please write to us at infodp@hdfcbank.com
What are the charges?
Please click on the links below for the respective Fees & Charges
Fee Schedule for HDFC Bank Depository Services - NSDL
| Sr. No. | Fee Head | Type | Fees | Min / Max | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
Rs 40/- (min) Rs 5,00,000 (max) |
||||||||||||||
| 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/- (min) | ||||||||||||||
| If Pledge is marked to other than HDFC Bank | 0.04% of the value of the txn. | Rs 25/- (min) | ||||||||||||||||
| 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 |
|
||||||||||||||||
| 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 @ 12.36% 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.
Fee Schedule for HDFC Bank Depository Services - CDSL
| Sr. No. | Fee Head | Type | Fees | Min / Max | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
Rs 40/- (min) Rs 5,00,000 (max) |
||||||||||||||
| 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/- (min) | ||||||||||||||
| If Pledge is marked to other than HDFC Bank | 0.04% of the value of the txn. | Rs 25/- (min) | ||||||||||||||||
| 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 |
|
||||||||||||||||
| 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 @ 12.36% 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.
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.
Have questions?
Can I open more than one demat account with only one DP in identical names?
Yes. You can open more than one demat account in identical names. There is no restriction on the number of demat accounts you can open with the same/other DP's.
Can a depository account be opened with four holder's names?
Yes, a depository account can be opened in the name of four holders but the account can be operated only for the demateralisation of shares held in the same combination. Once the shares are dematerialised the securities should be transferred and Demat Account should be closed. No shares can be credited by purchase or transferred from any other account. Hence for such accounts, the standing instruction for credits will be 'N' .
What are the different categories of accounts that can be opened under an individual demat account?
The different categories of accounts that can be opened under an individual demat account are Ordinary Resident, Hindu United Family (HUF) , Non Resident Indian - Repatriable, Non Resident Indian- Non Repatriable, Margin , Promoter, Others
What is 'Standing Instruction' given in the account opening form?
In a bank account, credit to the account is given only when a 'paying in' slip is submitted together with cash/cheque. Similarly, in a depository account a 'Receipt in' form has to be submitted to receive securities in the account. However, for the convenience of investors, facility of 'standing instruction' is given. If you say 'Yes' for standing instruction, you need not submit 'Receipt in' slip every time you buy securities.
Can I operate a joint account on "either or survivor" basis just like a bank account?
No. The demat account cannot be operated on "either or survivor" basis like the bank account. It has to be operated by all the account holders.
Expand All
What can you do online?
- View your Holding cum Valuation Statement
- View your Transaction cum Billing Statement
- Download Request Forms from the Form Centre
Did you know?
- You can convert your Mutual Funds in Dematerialized form
- You can get securities Dematerialized and Rematerialized as per your requirement
- You can make an Investment in IPOs through NetBanking
Important notice to Demat customers
click here for more details.
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Get started with your Demat Account
Got your Welcome Kit? Inside it you will find:
- A Welcome letter: To welcome you as an HDFC Bank Demat Customer.
- A Client Master List of all holders:
- A DP Client Agreement and Tariff sheet:
- A Delivery Instruction Booklet (DIB):
For HDFC Bank Demat Account linked with HDFC e-Broking Account:
You will receive:
- A Welcome letter: To welcome you as an HDFC Bank Demat Customer.
- A Client Master List of all holders:
- A copy of DP Client Agreement and Tariff sheet:
- A Requisition Slip for Delivery Instruction Booklet (DIB):
If you have not received your Welcome Kit, go to the nearest DP Servicing Branch and place an order for the same. If you have questions about opening a Demat Account, or you would like to offer feedback, please write to us at infodp@hdfcbank.com.
Did you know?
- You can convert your Mutual Funds in Dematerialized form.
- You can get securities Dematerialized and Rematerialized as per your requirement.
- You can make an Investment in IPOs through NetBanking.
- If you have an HDFC Bank Demat Account Linked with an HDFC e-Broking Account you can register for D.I.Y.S.I.P so you can invest in a prescribed quantity in stocks/ETFs of your choice at regular intervals/
- As per SEBI circular # CIR/MRD/DP/22/2012, dated Aug 27' 2012, customers who want to avail the Basic Services Demat Account (BSDA) facility are requested to visit the nearest HDFC Bank Demat Servicing Branch.
You may also benefit from:
- A Savings Account to start saving for the future.
- An HSL Trading Account that is a one-stop solution to all your financial and trading needs.
- A Loan against Shares that lets you meet your immediate cash needs without selling your shares.
- A Loan Against Gold (ETFs) that lets you enjoy the benefits of your Gold ETFs while you continue to own them.
- An Investment in Bonds that is a 100% risk free investment option.
- By availing RGESS facility, you can also avail tax benefit of Rs. 50,000/-, subject to a deduction of 50% on the amount invested
Rajiv Gandhi Equity Savings Scheme ( RGESS) facility
You can now also avail RGESS facility by following the process below
- You can opt for the scheme by submitting Form A at the HDFC Bank's DP servicing Branches.
- On receipt of the form, the Bank will submit the details to the respective Depositories (NSDL/CDSL) for validation of your eligibility basis the PAN card.
- If you are eligible for RGESS scheme, a communication will be sent to you with RGESS enabled A/c is sent through Email, Letter, Client Master List/Report (CML / CMR).
- The eligible customer can now invest in RGESS eligible securities with a maximum limit of Rs. 50,000/- to claim the tax benefit, which will be automatically locked in the Demat Account by the respective Depositories
- Any investment in the RGESS eligible securities over and above the cap of Rs. 50,000/- will not be locked and cannot be claimed for any kind of tax benefit
- If you do not want to wish a certain set of eligible securities to be locked for RGESS, you can submit a Form B within 30 days of such an investment.
- You can sell part of the securities during flexible lock-in period (after the first year), however the value of securities sold should be replenished with equivalent value of other securities as defined under the RGESS. This also holds true for any voluntary corporate actions by the investor such as Buy-Back, Rights issue etc.
Note : As per SEBI guidelines deduction claimed shall be withdrawn if the lock-in period requirements of the investment are not complied with or any other condition of the Scheme is violated
Eligible Customers
- The annual gross income of the individual is less than or equal to Rs. 10 Lakhs for the financial year in which the investment is made under the scheme
- Any individual who has opened a Demat account earlier before the scheme’s notification, but has not made any transactions in the equity segment or the derivative segment till the date of notification, will also be considered as a ‘new retail investor’.
And
Any individual who is not the first account holder of an existing joint Demat account shall be deemed to have not opened a Demat account for this Scheme
Eligible Securities
The individual can invest in any of these securities:-
- Stocks listed under BSE 100 or CNX 100 & their Follow on Public Offers
- PSUs designated as Navratnas, Maharatnas, Miniratnas & their Follow on Public Offers
- IPO of PSUs with annual turnover greater than Rs.4000 cr. consistently for past 3 years
- Mutual Funds (MF) and Exchange Traded Funds (ETF) that have RGESS eligible securities as their underlying and are listed and traded in the stock exchanges and settled through a depository mechanism.
What can you do online?
- Download Request Forms from the Form Centre
Customers registered for DP-on-net* can also avail the following services:
- View your Holding cum Valuation Statement
- View your Transaction cum Billing Statement
- Check your Demat Account Status
- View a Client Master List and other financial details related to your account
*To avail of the DP-on-Net facility, the customer should be registered for the NetBanking facility.
Fees and Charges
Please click on the links below for the respective Fees & Charges
Fee Schedule for HDFC Bank Depository Services - NSDL
| Sr. No. | Fee Head | Type | Fees | Min / Max | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
Rs 40/- (min) Rs 5,00,000 (max) |
||||||||||||||
| 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/- (min) | ||||||||||||||
| If Pledge is marked to other than HDFC Bank | 0.04% of the value of the txn. | Rs 25/- (min) | ||||||||||||||||
| 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 |
|
||||||||||||||||
| 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 @ 12.36% 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.
Fee Schedule for HDFC Bank Depository Services - CDSL
| Sr. No. | Fee Head | Type | Fees | Min / Max | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
Rs 40/- (min) Rs 5,00,000 (max) |
||||||||||||||
| 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/- (min) | ||||||||||||||
| If Pledge is marked to other than HDFC Bank | 0.04% of the value of the txn. | Rs 25/- (min) | ||||||||||||||||
| 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 |
|
||||||||||||||||
| 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 @ 12.36% 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.
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.
Have questions?
What is the time taken to realize outstation cheques?
The indicative time taken for the realization of outstation cheques is given below:
- Cheques drawn where HDFC Bank has a branch, credit will be given on receipt of clear funds in:
- Main metro locations (Mumbai, Chennai, Kolkata, New Delhi): 7 working days
- Metro centers and state capitals (other than those of North Eastern states and Sikkim): Maximum period of 10 working days.
- In all other centres where we have branches: maximum period of 14 working days.
- Cheques drawn on non-branch locations where we have a tie-up with correspondent banks, credit will be given on receipt of clear funds: Within a maximum period of 14 working days
- Cheques drawn on non-branch locations where we do not have a tie-up with correspondent banks, credit will be given on receipt of clear funds: Within a maximum period of 14 working days
For more details on the outstation cheque collection policy, click here. For other queries, Contact Us.
Can I open more than one demat account with only one DP in identical names?
Yes. You can open more than one demat account in identical names. There is no restriction on the number of demat accounts you can open with the same/other DP's.
What are the different categories of accounts that can be opened under an individual demat account?
The different categories of accounts that can be opened under an individual demat account are Ordinary Resident, Hindu United Family (HUF) , Non Resident Indian - Repatriable, Non Resident Indian- Non Repatriable, Margin , Promoter, Others
What is 'Standing Instruction' given in the account opening form?
In a bank account, credit to the account is given only when a 'paying in' slip is submitted together with cash/cheque. Similarly, in a depository account a 'Receipt in' form has to be submitted to receive securities in the account. However, for the convenience of investors, facility of 'standing instruction' is given. If you say 'Yes' for standing instruction, you need not submit 'Receipt in' slip every time you buy securities.
Can I operate a joint account on "either or survivor" basis just like a bank account?
No. The demat account cannot be operated on "either or survivor" basis like the bank account. It has to be operated by all the account holders.
Expand All
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