In this article, we are going to look into How to Open a Demat Account in HDFC Securities. HDFC Securities is a subsidiary of Indian leading private bank HDFC Bank.
The HDFC Securities Company was established in 2000 and is one of India’s leading full-service stock brokerage firms. It currently has over 10lakh+ active users as of 2024. The numbers are really impressive for a full-service broker.
HDFC Securities is a SEBI-registered broker and a BSE, NSE, MCX, CDSL and NSDL member. It offers its customers the opportunity to trade and invest in stocks, bonds, futures, options, buybacks, mutual funds, IPOs, currency derivatives, commodities, stock portfolios etc.
How To Open a Demat Account in HDFC Securities?
You can open an HDFC Securities account in a few easy steps. The account can be created on both mobile and web platforms. But for this article, we gonna look at how to open the How to Open Demat Account in HDFC Securities from mobile. The process to open an account in HDFC securities from Dekstop is also the same. To open a Demat account with India’s leading full-service broker you have to keep these documents mentioned below.
Documents Required To Open Demat Account in HDFC Securities
- PAN CARD.
- Your Signature is on plain white paper.
- Mobile Number Linked AADHAAR CARD.
- A Bank account details.
- Bank last 6 months’ statement if you want to activate F&O, Commodities segment.
- As per the SEBI Rule, you will need to add a nominee Before 30th September. You also need to have Identity proof like an AADHAAR Card, Passport, Voter ID or PAN Card of the person you want to keep as a nominee.
Also Read: Groww Vs Zerodha Vs Upstox
Step By Step Guide to create Account HDFC Securities:
After you have all the mentioned documents you can now follow these steps to create HDFC Securities account from home.
Visit HDFC Securities Site:
- To Begin First you will either need to visit HDFC Secruirets websites or download the application from Play Store.
- Now open the application and then on the bottom of the home page you will find an open account.
- Upon clicking on that you have to allow some permission and then you will be redirected HDFCs official page.
- On this page, you have to enter your mobile number and then hit the OPEN TRADING A/C option.
- Now enter OTP received in your mobile number and then you will need to verify your email address using the same OTP.
Verify Bank Account:
- Enter your PAN Card number and Date of birth, Click on next and it will fetch and show your name from your pan card If it shows the wrong name then you can modify your PAN details.
- On the Next page, you have to verify your bank account for that you have to first search bank via the IFSC code. After that, you will see the bank name and address.
- Then you have to enter your account number two times and then hit next. After that, it will deposit ₹1 to your bank account to verify it.
Upload Documents
- On the next page, you have to submit an image of your signature on white paper. You either capture it or can browse it if it already has one in the gallery.
- Upload or click a selfie. To ensure any failure we recommend clicking the selfie in good lighting conditions.
- Enter your basic details like occupation and income details.
- Select your trading segments and choose plans then hit save and proceed.
e-Sign in Using Aadhar Card
- Enter your gender, marital status and mother’s name and then click confirm. You can skip if the LG/LC code doesn’t show up.
- After that, you will need to verify your address.
- Then you will need to e-sign with an Aadhaar card number using OTP.
- Done now it can take up to 72 hours to create your account.
HDFC Securities Charges
| HDFC Securities | Charges |
|---|---|
| Demat Account Opening Charges (One time Fee) | ₹0 |
| Trading Account Opening Charges (One time Fee) | ₹999 |
| Demat Account AMC (Yearly Fee) | ₹750 |
| Trading Account AMC (Yearly Fee) | ₹0 |
Also Read: Best Low Brokerage Demat Accounts
HDFC Securities Brokerage Charges and Plans
The Value Brokerage plans have a wide range of subscription plans with fees ranging from Rs 199 to Rs 5,999 with a validity period of 360 days. This Value brokerage plan reduces Equity Delivery brokerage to 0.10%, Equity Intraday to 0.010%, but it does not affect the charges of derivatives trades. This is basically a yearly subscription cost to get discounts in delivery and intraday trading. Below are the features of this plans.
| Brokerage Plans | Plan 1 | Plan 3 | Plan 4 | Plan 5 | Plan 6 | Plan 7 | Plan 8 | Plan 9 | Plan10 |
|---|---|---|---|---|---|---|---|---|---|
| Charges | 0 | ₹199 | ₹299 | ₹999 | ₹1,999 | ₹2,999 | ₹3,999 | ₹4,999 | ₹5,999 |
| Equity Delivery Charges | 0.50% | 0.32% | 0.27% | 0.22% | 0.18% | 0.15% | 0.15% | 0.10% | 0.10% |
| Equity Intraday Charges | 0.050% | 0.032% | 0.027% | 0.022% | 0.018% | 0.015% | 0.015% | 0.010% | 0.010% |
| Options | ₹20/order | ₹20/order | ₹20/order | ₹20/order | ₹20/order | ₹20/order | ₹20/order | ₹20/order | ₹20/order |
| Futures | ₹20/order | ₹20/order | ₹20/order | ₹20/order | ₹20/order | ₹20/order | ₹20/order | ₹20/order | ₹20/order |
| Zero Brokerage on ETFs | No | No | No | No | No | No | Yes | Yes | Yes |
HDFC Securities Features
- 3in1 account.
- Full-Service Broker.
- You can invest and trade in multiple segments such as Delivery, Intraday, F&O, Currency and Commodities.
- US Stock Invesmets are also available with the Stockal portal.
- Automated Chat Support.
- You can contact them if required through phone calls, email, WhatsApp and even offline offices.
- Overall easy to UI.
- Various useful tools are available including HDFC Blink and portfolio analyzers.
FAQs: How To Open Demat Account in HDFC
Yes as Zerodha is a discount brokerage it has low brokerage plans.
ICICI Direct, Kotak Securities, Motilal Oswal and Angel One are some of the best cheaper alternatives to HDFC Securities.
Here are the AMC Charges for HDFC Securities BSDA:
1. AMC For Holding Value between 0 to 50,003= ₹0
2. AMC For Holding Value between 50,001 to 2 Lacs= ₹100 pa.
3. AMC For Holding Value More than 2 Lacs= ₹300 p.a.
Every time you sell a Scrip from your Demat account, HDFC Securities charges 0.04% of the transaction value or Rs.25/- whichever is higher.
Yes HDFC securities UI is overall good for beginners.
