HDFC Securities is a well-established name in the stockbroking industry. There are many perks of being associated with a popular brand. If you too want to grab the opportunity, here’s the HDFC Securities account opening process.
HDFC Securities is the stockbroking arm of the much-acclaimed HDFC Group. Since it is a bank based broker, traders get the much cherished 3 in 1 account opening facility.
This includes a savings account in addition to a Trading and Demat account.
Established in 2000, the bank based full service broker has been in the business for well over 20 years now. Thus, the broker enjoys a fair share of trust among traders and investors.
The broker offers investment opportunities in multiple financial products such as equity, derivatives, currency, mutual funds, IPO, etc. Further, the SEBI registered stockbroker is an affiliate of major stock exchanges of the country –
The availability of a vast range of investment options and quality trading services has helped them bring in customers in huge numbers. As per the latest NSE report over 8.8 Lakh traders have opted to open an HDFC Demat account.
However, it just doesn’t stop there. The broker has multiple trading platforms that facilitate trading across multiple devices, be it mobile, desktop, web, tablet, etc. All these points combine to make opening an account with the broker an exciting offer.
So, without taking any further ado, let us get down to learning about the HDFC Securities account opening process right away.
HDFC Securities Account Opening Process
We know how restless first-time traders can get to begin their trading journey after settling for a stockbroker and luckily HDFC Securities account opening process is a plain and simple process.
Traders need to take care of a couple of documents and provide them when prompted. Ideally, the account can be set up within 2 – 5 business days.
Being a bank based full-service broker, traders are offered the facility of opening a 3 in 1 account. This will ensure a seamless trading experience and unrivaled ease in transferring funds from the savings account to the trading account.
In case, traders don’t want the above facility, they can opt for a 2 in 1 account, which is offered by most of the stockbrokers in the industry.
In all, there are two methods for opening an HDFC Securities account –
Online account opening
Offline account opening
Traders can choose any method as per their comfort.
Documents For HDFC Securities Account Opening
Before you learn about the account registration process, we advise that you take a look at the documents that you will be needing.
The broker has mentioned the list of documents that an applicant will need to provide for opening an HDFC Securities account. The stock market regulatory body, SEBI has mentioned PAN card as the most basic :
PAN Card copy
HDFC Securities Account Opening form
Address Proof – Aadhaar Card, Passport, Rent Agreement, Electricity Bill, Driving License, Telephone Bill, College ID Card where Hostel Address is mentioned, Bank Passbook, Ration Card
ID Proof – This can be the same as the above or you can refer to the complete list of documents – PAN Card, Voter ID Card, Passport, Driving License (Learners DL is also acceptable), Aadhaar Card
A couple of passport size photographs
Bank Details – a cancelled cheque to provide your bank details
How to Open HDFC Securities Account Online
With the current trend in mind, when most of the trading activities are executed online. The facility of opening an account online comes as a no brainer.
Follow the below steps to open an HDFC Securities account online :
You can visit the HDFC Securities official website to register for opening an account with the broker.
Once on the home page, click on the “Open Trading A/c” button available in the top right corner of the page.
You will be redirected to another page where you will need to provide your Mobile Number in the available form to begin the HDFC Securities account opening process.
You can set up your account in 7 easy steps which will not take anymore than 10 minutes.
You need to keep your documents handy and provide the scanned copies during the registration process
After you complete the registration process, the stockbroker will take some time to verify the documents.
Post the verification process, the trader will be provided with an account registration toolkit, which includes – username, password.
Your account will be set up within 2 to 5 business days.
How to Open HDFC Securities Account Offline
Likewise, traders are offered the facility of opening HDFC Securities accounts offline. Here, the trader will need to visit the nearest HDFC Securities physical branch.
The process follows a similar path to the online method. The trader will need to fill in an account opening form physically.
Then, much like the online process, here too, the trader will need to submit the above-mentioned documents to the stockbroker’s representatives at the time of registration.
The documents will be sent for verification. Post the verification process, the trader will receive the account credentials – Username and Password.
Traders can change the password as and when required after logging into their account for the first time.
HDFC Securities Account Opening Charges
The broker has a hard to miss offer in the form of an HDFC Free demat account where traders can open a demat account without spending a penny for availing demat account services.
However, the broker does charge a fee for setting up a trading account. In addition to this, there are other charges associated with the account. Some of the charges are mentioned below :
Account Opening Charges – The broker doesn’t charge any fees for opening a demat account. But, there is a trading account opening charges of ₹999. The trading account opening charges are a one time charge and are to be paid at the time of account registration.
Annual Maintenance Charges – This is yet another advantage of having an account with the broker, traders can enjoy the benefit of having the annual maintenance charges waived off for the first year. Traders will need to pay the fees of ₹750 from the second year onwards.
Transaction Charges – Transaction charges depend on the type of the trading segment. These vary across intraday to delivery to derivatives.
Dematerialization Charges – The broker charges ₹5 per Demat certificate + ₹35 per request as Dematerialization charges.
HDFC Securities Brokerage: Apart from the charges mentioned above, there are brokerage charges that are levied across the trades you place. Thus, these ones are way more recurring in nature.
To get a better knowledge of all the account opening charges, you can refer to the following table:
HDFC Securities Account Opening Charges
CDSL & NSDL
Account Opening Charges
₹750 from 2nd year onwards
HDFC Securities Account Opening Status
Once you apply for an account with the broker, you can always keep track of the progress of your account application.
To know the HDFC Securities account opening status, traders will need to visit the broker’s official website.
Once you land on their homepage, scroll down below and you will come across a lot of options – Newsroom, Account Opening, Important Information that contains a catalog of articles related to the stock market.
Among these options, you will find the “Know Your Account Status” option under the account opening section. Click on the link and you will be redirected to the page where you can check your account opening status by filling a form.
The trader will need to submit their PAN Number and answer a simple question that has been brought in place to keep bots away from the platform.
After filling the form, the trader will need to click on the “Search” button and traders can check the account opening status.
As far as the full-service stockbrokers in the industry, few can match the appeal or the quality service that HDFC Securities possesses. The bank based stockbroker has been operating in the stock market for well over 20 years.
Now being in the industry for that long period, not only has the broker established itself as one of the most reliable but also one of the best in business.
HDFC has a facility that is limited to only a bank based broker, that is offering their clients a 3 in 1 account.
Traders can open a free demat account with the broker, however, it charges a fee of ₹999 for setting up a trading account.
Also, there are HFC Securities AMC Charges of ₹750 which the trader will be required to pay from the second year onwards, as HDFC doesn’t charge a fee for the 1st year.
Other than this, traders can avail of the 2 in 1 account facility to begin their trading journey. Traders can open an account with the broker online as well as at a physical branch.
However, the trader will be required to produce some documents for the HDFC Securities account opening process.
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