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Opening a Demat Account with HDFC Securities: A Comprehensive Guide
HDFC Bank, one of India’s leading private sector banks, offers a plethora of financial products and services, including the option to open a Demat account for trading through its subsidiary, HDFC Securities1. If you’re contemplating opening a Demat account with HDFC Securities, this guide will walk you through the process.
How To Open HDFC Demat And Trading Account Online Step By Step
Step-by-Step Procedure to Open a Demat Account with HDFC Securities
Step 1: Visit the HDFC Securities Website
Begin by visiting the official HDFC Securities website. You’ll find an option to open a Demat account on the homepage.
Step 2: Complete the Online Application Form
Click on ‘Open Demat Account’ and complete the online application form. Provide all necessary details, including your name, phone number, and email address.
Step 3: Upload Required Documents
You’ll need to upload scanned copies of your PAN card, Aadhaar card, recent passport-sized photographs, income proof (if you wish to trade in derivatives), and address proof.
Step 4: In-Person Verification
HDFC Securities requires an In-Person Verification (IPV) process, which can be completed via a webcam or through a video uploaded from your mobile.
Step 5: Start Trading
After your account is verified and activated, you can start trading by logging into HDFC Securities’ trading platform.
Instructions for Using Your HDFC Securities Demat Account
- Familiarize Yourself with the Platform: Spend some time getting acquainted with HDFC Securities’ trading platform before you start trading.
- Understanding Order Types: Learn about different types of orders – Market Order, Limit Order, Stop-Loss Order, etc.
- Monitor Your Portfolio: Regularly check your portfolio’s performance and adjust as necessary.
Points to Note
- Ensure you have all necessary documents ready before initiating the account opening process.
- The details you provide during the account opening process should match those in your KYC documents.
Things to Know
- HDFC Securities offers a 2-in-1 account, including a trading account and a Demat account.
- It also offers a Gift City Demat Account that allows you to invest in global markets.
- The account opening fee is ₹500, and annual maintenance charges may apply.
FAQs
Q: How long does it take to open an HDFC Securities account?
A: Once you’ve submitted all required documents and completed the IPV, your account should be activated within a few working days.
Q: What can I trade with an HDFC Securities Demat account?
A: With an HDFC Securities Demat account, you can trade in equity, futures and options, commodity trading, and mutual funds.
Q: Can I open an account offline?
A: Yes, HDFC Securities also allows for offline account opening. You’ll need to download the application form from their website and submit it along with necessary documents.
Opening a Demat account with HDFC Securities is a straightforward process. With this guide, we hope you’re equipped with everything you need to start your trading journey. Happy investing!
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