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Curious to know about HDFC Securities demat account? What is its opening process and what are the charges associated with it? 

Trust us, we are going to answer this query of yours in this article so just stay tuned with us till the end. 

HDFC Securities Demat Account Meaning 

To know about the HDFC demat account, let’s understand the meaning of the demat account.

A demat account is something that is used to dematerialize your shares as it stores your shares in a digital form. So when you want to invest in the stock market, you open a demat account with a stockbroker that helps you keep your shares stored. 

HDFC Securities, as a bank-based stockbroker, offers 3-in-1 services as it offers bank account, trading account, and demat account together. The linking of different accounts makes it easier for investors to buy and sell securities online.  

HDFC Demat Account Opening 

The process of opening a demat account is quite simple. 

• Enter your Mobile number and verify it with an OTP
• Enter your personal details and verify them through an in-person video verification 
• Complete an Aadhar based KYC process and E-sign your documents 
• Your account is opened online in a few minutes. 
• On validation of the information, it gets activated within a few hours.

HDFC Demat Account Charges

Once you open a demat and a trading account and then start trading, you have to pay certain brokerage charges to the broker. These charges include demat account opening charges and Annual Maintenance Charges. 

The detail of the fees is provided in the table below.

Opening an account provides you access to choose the brokerage plans that give you multiple benefits and relaxation. If you find the HDFC Securities good than begin your journey with the broker by opening a demat account.

We hope you have a better idea of the detail of the demat account is after reading this article. If you have further stock-market-related questions, please drop them down in the comments.