What are HDFC Demat Account Opening & Brokerage Charges?
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- Updated On:21-Jan-2021
- Replies:1
Short Answer
HDFC Securities is not a discount broker like Zerodha and Upstox, and its fees are higher when compared to them. Despite this fact, HDFC Securities is among the popular full-service stockbrokers in the country.
Detailed Answer
HDFC Bank is one of the leading banks in India with the highest net interest margin and lowest NPAs. It also offers trading facilities to its clients with HDFC Securities, an Equity Trading Company of HDFC Bank.
The best part of the HDFC Securities Trading account is that you can merge your Trading account, Bank account, and Demat account for smooth functioning.
HDFC Securities is not a discount broker like Zerodha and Upstox, and its fees are higher when compared to them. Despite this fact, HDFC Securities is among the top stockbrokers in the country.
HDFC offers two types of Demat accounts based on the type of trader you are: Regular Demat Account and Basic Services Demat Account (BSDA).
Let’s take a look at the pricing of HDFC Securities.
HDFC Securities Pricing:
- Demat account opening charges- Rs. 0
- Trading Account Opening Charges: Rs. 999
- Debit transactions on Equity/ Mutual Funds- 0.04% of the value of the transaction or Rs. 20 minimum for Regular Demat account; 0.06% of the value of the transaction or Rs. 40 minimum for BSDA (Basic Services Demat Account).
- Credit transactions- Rs. 0
- Dematerialisation- Rs. 0 per certificate + Rs. 35 per request
- Annual maintenance charges (AMC)- Rs. 750 for Regular Demat Account.
Particulars Brokerage/Fee
- Equity Delivery Trading - 0.50% or minimum Rs. 25
- Equity Intraday Trading - 0.05% or minimum Rs. 25
- Commodity Options Trading - 0.02% for Intraday and 0.025% for positional
- Commodity Futures Trading - 0.02% for Intraday and 0.025% for positional
- Equity Futures Trading- 0.05% or minimum Rs. 25 on every order
- Equity Options Trading - Rs.100 per Lot or 1% of Premium (Higher is considered)
- Currency Futures Trading - Rs. 23 per contract
- Currency Options Trading - Rs. 23 per contract
- Margin Money - Rs. 25,000
We are not taking into consideration the Securities Transaction Tax, Exchange Transaction Charges, GST, SEBI charges, and Stamp Duty
charges. Most of these charges are fixed by the government and don’t really matter when you choose a broker, as these are the same across all brokers.
The HDFC’s broking arm enables the clients to build a robust portfolio and earn maximum profit. This is assisted by in-depth research including various monthly and weekly reports, and excellent advisory services.
Its flagship 3-in-1 account is the most convenient, flexible, and easy to use. which sets new standards for the stockbroking industry.
HDFC is a full-service broker in India that offers every financial solution from banking, insurance, trading, and investing. With top-notch customer service and seamless transactions made it the top full-service broker in India.
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Discussion (0)
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