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Demat Account

A safe, online and seamless mode to store & keep track of your investments

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Why open a Demat account?

HDFC Bank Demat Services offers you a Safe, Online and Seamless mode to keep track of your investments.

Invest in a range of securities from Equity, Derivatives, Currency Derivatives, Mutual Funds, IPOs, ETFs (Gold & Indices), Bonds, NCDs etc. and store them conveniently in your Demat Account, without the risk of loss or damage of physical papers.

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"ATTENTION INVESTORS"

Prevent Unauthorized Transactions in your Demat account --> Update your Mobile Number with your Depository Participant (HDFC Bank Ltd ) Receive alerts on your Registered Mobile for all debit and other important transactions in your Demat account directly from NSDL / CDSL on the same day....issued in the interest of investors.

What are the features?

  • Transaction linked Annual Maintenance charges (AMC), from the 2nd year onwards (The higher you transact, the lesser you pay)
  • No Account Opening charges
  • Waiver on the 1st year AMC

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Important notice to Demat customers

Click here for more details.

Demat clients can email us at infodp[at]hdfcbank[dot]com for any queries, feedback, information & suggestions etc. with respect to Demat account and for complaints / grievances, please email us at infodp[at]hdfcbank[dot]com.

KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

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What are the features of a Demat Account?

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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:

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.

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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.

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 duty.

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.

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.

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:

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.

Freezing/De- freezing
It’s possible to freeze your Demat Account at Account level, ISIN level and Quantity level by submitting a freeze request signed by all the account holders.

For De-freezing the above level freeze a separate de freeze request in prescribed format is required.

Nomination

Nomination can be made only by individuals holding beneficiary owner accounts on their own behalf singly or jointly. Non- individuals including society, trust, body corporate, partnership firm, Karta of Hindu Undivided Family, Holder of power of attorney cannot nominate. If the account is held jointly, all joint holders will sign the nomination form. Nomination in respect of the beneficiary owner account stands rescinded upon closure of the beneficiary owner account. Similarly, the nomination in respect of the securities shall stand terminated upon transfer of the securities. Transfer of securities in favour of a Nominee shall be valid discharge by the Depository against the legal heir. The cancellation of nomination can be made by individuals only holding beneficiary owner accounts on their own behalf singly or jointly by the same persons who made the original nomination. On cancellation of the nomination, the nomination shall stand rescinded and the Depository shall not be under any obligation to transfer the securities in favour of the Nominee. A minor can be nominated. In that event, the name and address of the Guardian of the minor nominee shall be provided by the beneficial owner. Birth certificate of minor nominee, Guardian proof of identity is required.

Corporate Benefits

Statements

Demat statements are sent monthly in case of any transactions or annualy 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 www.hdfcbank.com/services 

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, the following documents are required-

  • Change of address in prescribed format signed by all the account holders.

Change of Signature

To change the signature of holder(s) in demat account, the following documents are required-

Change Bank Account Details

Change of dividend bank account, the following documents are required-

Power of Attorney (POA)

It is possible to register a POA, allowing another individual to operate your Demat account.

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.

Demat Fees

Transaction charges are monthly, and include NSDL and CDSL charges.

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.

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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:

To use DP on Net just log on to NetBanking and click on the Demat section.

Click here to download the NetBanking Application Form.

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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

  • Easy and convenient opportunity for retail investors with an Annual Gross Income ≤ Rs.12 lakhs
  • An opportunity for the first time retail investors who have not invested in capital markets, to avail a deduction in the computation of the total income to an extent of Rs. 25,000 under section 80 CCG (1) of the Income Tax Act, 1961.

Eligibility Criteria

  • The annual gross income of the individual is less than or equal to Rs. 12 Lakhs for the financial year in which the investment is made under RGESS.
  • 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, 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

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, the Bank will validate the RGESS eligibility with the regulators basis the PAN card of the First holder updated in the Demat Account.

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.

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How do I open an account?

Apply now to open a Demat Account

Our representative will then get in touch with you shortly for completion of formalities

Alternatively, you can visit an HDFC Bank Branch where we will be happy to help you with the application process.

For documentation on opening an Individual / Corporate Demat account with HDFC bank, click here

You can also download the other Request Forms from the Form Centre

If you have questions about opening a Demat Account, or you would like to offer feedback, please write to us at infodp[at]hdfcbank[dot]com

Apply now for Demat Account

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.

Demat Account Tariff

Enclosed below is HDFC Bank Demat Account Tariff

Fee Schedule for HDFC Bank Individual Demat Accounts - NSDL & CDSL

   .
Sr. No. Fee Head Type  Fees Min / Max
1 Account Opening Charges NIL 
2 Dematerialisation  Certificate + Dematerialisation Request  Rs.5/- per certificate + Rs. 35/- per request Rs.40/- (min) 
3 Rematerialisation Rematerialisation  Request 
Rs.30/- per request + actuals, Currently
a) Rs. 10/- for every hundred securities or part thereof; or
b) a flat fee of Rs. 10/- per certificate whichever is higher
Rs.40/- (min) Rs.5,00,000(max)
Reconversion of Mutual Funds/
Redemption of Mutual Fund units
Reconversion of Mutual Funds
Rs 30/- per request + actuals, Currently Rs 10/- per request in NSDL & Rs 5.50 per request in CDSL 

Redemption of Mutual Fund units
Rs 30/- per request + actuals, Currently
Rs 4.50 per request in NSDL &
Rs 5.50 per request in CDSL
-
4 Annual Maintenance Charges # The Annual Maintenance Charges are waived off for the 1st year
Level 1 (less than 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 Credit Transactions Nil
7 Debit Transactions
(Market / Off Market)
SPEED-e / Easiest 0.04% of the value of the txn.
**(Max Rs 5000/- for Debt Instruments)
Rs.20/- (min) 
HDFC Securities Rs.25/- (min) 
Manual Rs.40/- (min) 
8 Mailing Charges
for Non Periodic statements 
Inland Address    Rs.35/- per request -
Foreign Address  Rs.500/- per request -


General Clauses

  • Customers who have a banking relationship with HDFC Bank to provide a debit authorisation for the recovery of service charges.
  • 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, which will be charged as applicable
  • 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 Annual Maintenance Charges are levied, in advance, for a period of one year at the beginning of the period. 
  • 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.
  • 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) will be 0.25 % on the value of transaction, minimum of Rs.25/- per instruction.
  • 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/- 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.

*Not applicable for mutual fund transactions

#All transactions (Market, Off-market, Demat, remat) made over the current billing cycle(1 year prior to levy of AMC) would be considered for computinhg the subsequent years AMC applicable for your Demat Account. Presently pledge related transactions made over current billing cycle(1 year prior to levy of AMC) would not be considered for computing the subsequent years AMC 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.

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Already have a Demat Account?

You can dematerialize and Invest in the following financial instruments through your HDFC Bank Demat account and HDFC securities Trading Account 

Getting a Loan against your Shares/Mutual Funds/Bonds etc couldn't get easier with minimal documentation and speedy disbursals. To know more, please click here

For more information on Products and Services offered by HDFC securities, Click Here

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EXTRA tax savings with Rajiv Gandhi Equity Savings Scheme.

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