Planning on investing in the current times? Opt for a DigiDemat Account

The current situation has urged many people, especially young, working adults to assess their financial standing and become economically smarter. Therefore, many are taking the investment route with the primary goal of making their money grow.

If you too are looking to invest and grow your corpus, then the first step is to open a Demat Account; this account allows you to hold shares and securities in an electronic form. Its purpose is to eliminate the risk of holding shares physically and to enable investors the ability to trade hassle-free.

DigiDemat – A modern account for modern times

With social distancing becoming a practised norm and people preferring to conduct as many tasks as possible from the safety of their homes, HDFC Bank’s newly launched DigiDemat account is gaining popularity. This facility allows select, existing HDFC Bank customers to open a Demat and Trading account online at any time so that they can start investing with just a few clicks! 

Benefits of DigiDemat Account 

  • Paperless - No documentation or signature needed

  • Fast - Complete your account opening process within 5 minutes

  • Ready to trade – Get your Demat account number immediately and start investing

Key features of DigiDemat Account 

  • Easy access: Get quick and easy access to your investments and statements through NetBanking 

  • One account - multiple investments: Hold investments in Equity, Mutual Funds, Initial Public Offer (IPO), Exchange Traded Funds (ETF) - Index & Gold, Bonds, Sovereign Gold Bonds, Non-Convertible Debentures (NCD) through the same account

  • Apply for IPO: Instantly invest in IPOs by opening your DigiDemat account within 5 minutes

  • Easy dematerialisation of securities: If you hold physical certificates, you can instruct the depository participant (DP) to convert them into electronic forms. Similarly, certificates in electronic forms can be converted into physical forms on request. 

  • Receive stock dividends and benefits: With DigiDemat Accounts, dividends, interest or refunds are all auto-credited in your account. And through Electronic Clearing Service (ECS), you can conveniently update your account with stock splits, bonus issues, rights, public issues, etc.

  • Transfer cum waiver: Conveniently transfer your Demat Portfolio (DP) from any DP to HDFC Bank DP at no any additional cost. 

  • Liquidity of shares: DigiDemat Accounts make selling of shares simple, fast and convenient. 

  • Digital Loan Against Securities (LAS) /Loan Against Mutual Funds (LAMF): With the option of Digital Loans against securities / mutual funds through HDFC Bank, you can pledge your securities and get quick funds to fulfil personal needs. 

  • Aid in custody business: Get aid in Custody Business for servicing PMS & FPIs as a Designated Depository Participant(DDP).

  • Freezing Demat Account: Freeze specific types or quantities of securities in your Demat Account, or freeze the Demat Account, as a whole, for a certain period. ​​​​​​​

Why chose HDFC Bank DigiDemat account?

  • Instantly redeem investment returns to your HDFC Bank account

  • No hassles of transferring funds to a broker pool account. Instead, earn interest on your savings account till your trade order is executed

  • Safe, Secure & Seamless invest via your HDFC Bank saving account

So, if you haven’t started investing yet, join over 2.6+ million customers and open a DigiDemat Account now. You pay Zero account opening charges and Account maintenance charges free for first year, Let HDFC Bank help you grow your hard-earned money today!

Open your Demat account online with India’s No. 1* Bank. Get Started Now