HDFC Demat Account India Review
HDFC Bank Demat services offers you a secure and convenient way to keep track of your securities and investments, over a period of time, without the hassle of handling physical documents that get mutilated or lost in transit.
HDFC BANK is Depository participant both with -National Securities Depositories Limited (NSDL) and Central Depository Services Limited (CDSL).
HDFC Demat Account Popularity In India
Benefits of having a HDFC Bank Demat Account?
As opposed to the earlier form of dealing in physical certificates with delays in transaction, holding and trading in Demat form has the following benefits :
Settlement of Securities traded on the exchanges as well as off market transactions.
Shorter settlements thereby enhancing liquidity.
Pledging of Securities.
Electronic credit in public issue.
Auto Credit of Rights / Bonus / Public Issues / Dividend credit through ECS.
Auto Credit of Public Issue refunds to the bank account.
No stamp duty on transfer of securities held in demat form.
No concept of Market Lots.
Change of address, Signature, Dividend Mandate, registration of power of attorney, transmission etc. can be effected across companies held in demat form by a single instruction to the Depository Participant (DP).
Holding / Transaction details through Internet / email
Reader Quesion
Could someone tell me whether HDFC bank charge anything for maintaining a Demat account? Because they told me that I will be given a Demat Account if I open an s/b account with them. But they did not mention any maintenance costs.
Answer: Rs. 500 per annum as AMC. Refer
http://www.hdfcbank.com/personal/acc...itory_fees.htm
Useful Links
Join The Discussion on "HDFC Demat Account India Review"
Find out what other readers have to say in our Member's Only Forum Area on today's topic. Share , ask , connect and enjoy!
Did you like this post?If you liked this post, consider Subscribing, Commenting or Sharing this post. If not, please Let Us Know how we can better serve you.
|
