HDFC Demat Account – Complete Guide, Charges & Benefits

Key Takeaways

• HDFC Bank waives the annual maintenance charge for the first year on all new individual demat accounts.

   

• The Infiniti/Imperia account offers zero annual maintenance charges from the second year onwards.

   

• Online demat account opening requires only your Aadhaar-linked mobile number without any physical documents.

Have you ever wondered how investors store their shares digitally without paperwork? A demat account is your digital vault for holding securities electronically. HDFC Bank offers a secure and convenient demat account with HDFC Bank services. The HDFC Bank demat login portal makes managing investments effortless and accessible.

A demat account works like a digital locker for your shares and bonds. It stores all your securities in electronic form instead of physical certificates. Just as your bank account holds money digitally, a demat account safeguards investments.

I purchased 50 shares of Reliance at ₹2,400 each through HDFC Bank. Within 2 days, the shares appeared in my HDFC Bank demat account login portal. I could track my ₹1,20,000 investment without any physical certificates or paperwork. The HDFC Bank demat login process took just 30 seconds each time daily.

Eligibility Criteria to Open HDFC Bank Demat Account

Did you know? The right eligibility can open doors to your investment journey! HDFC Bank offers different demat account options to suit various investor needs. Each account type comes with its own set of criteria. Let’s explore what makes you eligible for each one.

HDFC Bank provides three main demat account options for investors. The demat account with HDFC Bank varies based on the account type. Here are the specific eligibility requirements for each:

Both options provide access to HDFC Securities demat account services. The online journey suits tech-savvy investors who prefer digital applications. The offline route works well for those who want personalised assistance.

Required Documents for HDFC Bank Demat Account

HDFC Bank makes it simple to open a demat account with HDFC Bank. You just need to keep your basic documents ready. The process differs slightly for online and offline applications. Let’s see what you need to gather.

Online Application (Resident Single Holder):

• No physical documents needed to start the application process
• Your mobile number must link to your Aadhaar card
• You need your Aadhaar number for KYC and e-sign purposes

Offline Application:

• 2-in-1 Demat & Trading Account Opening Form (duly filled)
• Self-attested copy of your Permanent Account Number (PAN) card
• Valid Passport (for proof of identity and address)
• Aadhaar card (must link to your mobile number)
• Driving Licence (acceptable as ID proof)
• NREGA Job Card (issued by the State Government)
• Letter from National Population Register (with demographic details)
• Recent passport-sized photographs
• DPPI (if you want an online trading facility)

For Non-Resident Indians:

• Valid Passport or PIO, or OCI document
• Overseas Address Proof
• Mariner’s declaration or CDC (for NRIs in the Merchant Navy)

Keep these documents ready to enjoy a smooth account opening experience.

How to Open an HDFC Bank Demat Account?

HDFC Bank offers two flexible methods to suit your preference. 

1. Online Method

The online process makes account opening quick and paperless for you. You can complete the entire HDFC Bank demat account login setup from home. Follow these simple steps to get started today:

• Step 1: Visit the official HDFC Bank website’s Demat account section
• Step 2: Choose the type of Demat account you wish to open
• Step 3: Enter personal details, bank account number, IFSC code, and cancelled cheque
• Step 4: Submit scanned copies of PAN, Aadhaar, and your signature photograph
• Step 5: Complete KYC verification online using Aadhaar-based e-KYC or visit a branch
• Step 6: Use the Aadhaar-based OTP to digitally sign the application form
• Step 7: You receive an acknowledgement receipt with a reference number for tracking
• Step 8: Your Demat account details arrive via email and SMS after verification

The online method offers speed and convenience for tech-savvy investors today.

2. Offline Method

The offline process suits those who prefer personalised assistance at branches. You can interact directly with bank officials for guidance and support. Here’s how you open your account through the branch visit:

• Step 1: Pick your depository participant (bank or broker) near your location
• Step 2: Carry original documents like PAN, address proof, identity proof, and income proof
• Step 3: Also bring recent passport photos and your latest bank statement
• Step 4: Sign the agreement form that outlines regulations, rules, and account limitations
• Step 5: The DP provides you with a unique client ID number
• Step 6: You learn basic functions like transferring shares and checking your balance
• Step 7: The DP explains how to get help through HDFC Demat account customer care

The offline method provides personal guidance for first-time investors seeking assistance.

HDFC Bank Demat Account Charges

HDFC Bank offers multiple demat account plans with varying charge structures. Each plan caters to different investor needs and transaction volumes. The HDFC Demat account charges differ based on your chosen account type. Let’s examine what each plan costs annually and per transaction.
 

*Demat AMC is waived off for the 1st year for all new individual Demat a/c holders

Choose the plan that matches your transaction frequency and investment goals.

Conclusion

The HDFC Bank demat login process is simple and investor-friendly for everyone. HDFC Bank provides multiple account options to suit different investment styles. You can choose online or offline methods based on your comfort. The demat account with HDFC Bank opens doors to seamless investing. Access your account anytime through the HDFC Bank demat account login portal.

Bonus Tip: HDFC now offers a first-year waiver on Demat AMC for new account holders. So if you open your HDFC Demat now, you get free maintenance for one year. Make the most of that and track investments early without extra cost.

FAQs

Q: How do I contact HDFC for demat account issues?

A: You can reach HDFC Demat account customer care through their helpline number or visit your nearest branch for immediate assistance with any account-related queries.

Q: Do I need a trading account if I already have an HDFC demat account for selling shares?

A: Yes, you need a separate trading account to sell your shares. A demat account only holds your shares in electronic form securely. You must have a trading account with a broker to execute buy or sell transactions. The trading account acts as a bridge between your demat account and the stock market.

Q: How can I close my HDFC demat account?

A: You can visit the nearest HDFC Securities office and request the account closing form. Alternatively, you can write an email requesting account closure to the bank. Ensure your account has zero holdings before closing it completely. You can transfer shares to another demat account or sell them on the market first.

Q: What are the key benefits of an HDFC demat account?

A: HDFC demat accounts offer convenience if you already hold an HDFC savings account. You can access various investments like shares, mutual funds, and bonds easily. The account is trusted and secure with a reliable banking institution.

Q: What are the potential drawbacks of an HDFC demat account?

A: HDFC demat accounts may have higher fees and brokerage charges than discount brokers. Some users report complexity and customer service issues during account operations. The platform offers limited flexibility compared to low-cost brokerage options available today.