HDFC BANK is one of the leading Depository Participants (DP) in the country with over 1.4 million demat accounts.
Demat Account
- Personal
- Products
- Accounts & Deposits
- Demat Account
Why open a Demat account?
HDFC Bank is a leading Depository Participant in India with over 1.4 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 (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 issue / dividend 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 through HDFC Bank Net Banking
- Pledging of securities
Contact Us
Expand All
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 Depositories Limited (NSDL) and Central Depository Services 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 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
SPEED-e is another convenient facility offered by HDFC Bank. This internet-based transaction allows you to submit delivery instructions electronically, via the SPEED-e website. This way, you have security when processing transactions, without the hassle of preparing and submitting instruction slips.
Then, with the 'IDEAS' facility 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 dphelp@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 Depositories Limited (NSDL) and Central Depository Services 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 certificates are held with a person who is deceased, the remaining holders can submit the certificates along with a notarized copy of the death certificate of the deceased. Kindly ensure that the combination of names on the certificates (excluding the deceased), and on the account, are exactly the same.
- Ensure that an application, in the required format, is submitted along with each DRF.
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 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
Re-materialisation of Securities
This is where electronic securities are converted into physical securities – the reverse of de-materialisation.
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
Pledge of Securities
- Both the person wishing to pledge securities (pledgor) as well as the lender (pledgee) must have depository accounts in the same depository.
- The Pledgor must initiate the pledge by submitting to us the details of the securities to be pledged in the standard format.
- The pledgee should confirm the request through his DP.
- Once this is done the securities are pledged and the securities will be lying in the pledgor’s account.
Please note that all financial transactions between the pledgor and the pledgee are handled outside the depository system.
Pledge Creation
- The Pledgor must initiate the pledge by submitting to us the details of the securities to be pledged in the standard format. i.e. annexure “W” (Pledge form)
Pledge Confirmation
- The pledgee should confirm the request through the DP.
Pledge Closure
- This can be handled in one of two ways:
- a) The Pledgee can close the pledge through the ‘Unilateral’ closure option via their DP account, 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 DP to free the shares of the Pledgor
Invocation of Pledge
If a Pledgee wishes to take securities into their Demat Account (this is 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 made 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
As a Demat Account holder you will receive a monthly transaction, billing and holding statement along with a quarterly holding statement.
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 are 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.
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.
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
In case you need any more information, please mail your queries to dphelp@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 | 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 |
|
||||||||||||||||
| 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 | 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 |
|
||||||||||||||||
| 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 a '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 or a 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, the 'Standing Instruction' facility is given. If you select option 'Yes' for a Standing Instruction, you need not submit a 'Receipt in' slip every time you buy securities.
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.
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
Expand All
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. For any queries, email us at dphelp@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/
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.
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 | 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 |
|
||||||||||||||||
| 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 | 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 |
|
||||||||||||||||
| 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.
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.
Can someone else operate my demat account on my behalf on the basis of Power of Attorney?
Yes. If you authorize any person to operate your account by executing a power of attorney, that person can operate the account on your behalf. However, you need to submit a Notarised copy of the POA to your DP. Ensure that the POA has the signatures of both, the Donor and the Donee. The POA holder is also subject to 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. norms of the bank. However if the POA is submitted at the time of account opening, it is mandatory that the holder signs the account opening document.
Expand All
One stop solution for all your travel insurance needs.
Special offers
- Starwood Hotels & Resorts - Everyday at Starwood. Everyday for Less.
- Pizza Hut Credit Card - Save up to 32% with Kingsize meals (pre-set) around Pizza, Pasta & Tuscani Singles
- Freecharge.in - Get Double than what you pay! Offer for Mastercard Debit Cardholders
- Bookmyshow - Get 25% off on ticket bookings with your HDFC Bank Visa Platinum Debit Cards
