HDFC Securities offers a 3-in-1 account which combines the demat, trading and bank account. You can also open a HDFC 2-in-1 (Demat + Trading/ Saving + Trading) and 1-in-1 trading with zero account opening charges.
However, you need to pay the subscription fees of up to Rs. 1,00,000 depending upon the brokerage plan.
Documents Required to Open HDFC Securities Demat Account
1. Identity proof: Aadhaar card, PAN card, driving license, voter ID, and passport.
2. Address proof: Aadhaar card, driving license, voter ID, passport, and utility bills.
3. Canceled cheque: To link your bank account with the Demat Account.
4. Photographs: Two passport-sized photographs
5. Signature Image – Sign on a black white paper. The signature must be the same as on your PAN Card.
6. PAN card: Mandatory for opening a Demat Account.
7. Income proof – Copy of latest ITR, bank account statement for the last six months, salary slip, Form 16, or net worth certificate.
You may like to read how to apply PAN card online in India.
HDFC Securities Demat Account Charges & AMC
HDFC securities (read full review) offers zero account opening charges.
HDFC also offers different subscription based brokerage plans. You need to pay a subscription from Rs 199 to Rs 1,00,000/- depending upon the selected plan.
However, HDFC Securities levied a charge of Rs. 1999 for using their trading software “Pro Terminal”. The access charge for trading platforms is only for a period of one year.
| Particulars | Charges |
| Trading Account Opening charges | Rs. 0 |
| Demat Account Opening charges | Rs. 0 |
| Trading Annual Maintenance charges | Rs. 0 |
| Demat Annual Maintenance charges | Free for the first yearRs. 750 (from 2nd Year onwards) |
| Additional Brokerage Plan Charges | Plan charges Rs. 199 to Rs. 5999 Lifetime validity plans up to Rs. 1,00,000/- |
How to Open HDFC Securities Demat Account
You can open your trading and Demat account with HDFC securities through both online and offline modes.
#1. Step to Open HDFC Securities Demat Account Online
Step #1. Visit the HDFC Securities website or download the mobile app.
Step #2. Enter your mobile number & click on “start journey.” Verify your mobile number with OTP.
Step #3. Enter your email address and verify with OTP which is sent to your registered email ID.
Step #4. Enter your PAN number and date of birth and verify the same.
Step #5. Add your bank details by searching IFSC code or bank name.
Step #6. You need to verify your Aadhar number to continue login with Digilocker. Enter your security code which is sent to your registered mobile number.
Step #7. Click on the “Authenticate Aadhar” button to fetch the documents from digilocker.
Step #8. Enter your Aadhar number to continue the digilocker and verify with OTP.
Step #9. Click the allow button to permit HDFC bank to access your digilocker account.
Step #10. You need to upload the scanned signature and upload your selfie through the mobile camera.
Step #11. Enter your KYC details including income, occupation, and add your nominee details.
Step #12. Fill in your personal details and correspondence address.
Step #13. Select the trading segment and brokerage plan.
Step #14. Complete the Aadhar-based E-sign process.
After the verification process, your demat & trading account will be activated within 2-3 business days.
#2. HDFC Securities Demat Account Opening Process Offline
Step #1. You need to visit the nearest HDFC branch to open a demat & trading account.
Step #2. Fill up the 2-in-1 Demat & trading account opening form.
Step #3. Provide personal and bank details. Attach all the required documents including self-attested copies of Aadhar card, PAN, income proof, or a canceled cheque.
Step #4. Submit the account opening form along with required documents.
Step #5. After the verification process, the bank representative will initiate the process of Demat & trading account opening.
Step #6. Once the verification process is completed, the trading & demat account will be activated within 3-5 business days.
Pros of HDFC Securities Demat and Trading Account
- Flexibility to open 3-in-1, 2-in-1, and 1-in-1 accounts.
- Invest in US stock markets.
- The benefit of Voice-Enabled investing.
- You can start “Stock SIP” or “DIY SIP”.
- You can also apply IPO through HDFC netbanking.
Cons of HDFC Securities Demat & Trading Account
- High brokerage charges.
- Rs. 1999 for using the trading platform “Pro Terminal”.
- BLINK is a paid trading platform that charges a subscription fee every year.
FAQs
HDFC Securities offers zero account opening charges. However, you need to pay the subscription based brokerage plan up to Rs. 1,00,000/-.
HDFC Securities levies a charge of Rs. 1999 for using their trading software “Pro Terminal.” This access charge is applicable for a period of one year.
Yes, Non-Resident Indians (NRIs) can participate in the Indian financial markets by opening a Demat Account with HDFC Securities. They need to inform the DP that it is an NRI Account.
Yes, you can apply for an IPO using HDFC Bank Netbanking if you have a corporate Demat account with HDFC Bank.
HDFC Securities is listed on both National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL).
The demat AMC charges of HDFC securities is Rs. 750 yearly, which is waived off for the first year.
Yes, you can link your existing HDFC Bank account with the HDFC Securities Demat Account, which enables seamless transfer of funds between the two accounts.
You can open a Demat Account with HDFC Securities by filling out an online application form on their website or visiting the nearest HDFC Securities branch.
