Q1. What is a Demat Account?
With a Demat Account you can convert all your shares from physical holdings to electronic units; this would enable you to access your holdings and transact from anywhere using Internet Banking or Mobile App.
A Demat Account simplifies share transfers, settlements, allows automatic electronic transfer of dividends and interest and overall management of shares. It also gives you the option of pledging your electronic shares to avail of a loan.
Q2. What can I do with a Demat & Trading Account?
You can dematerialize and invest in the following financial instruments through your HDFC Bank Demat and HDFC Securities Trading Account.
- Equity ;- Find a range of convenient trading options in equities such as DIYSIP, e-Margin, Off market, Encash. These options give you a financial flexibility such as buy now pay later, getting funds from sale of stocks on the trading day as against T+2.
- Initial Public Offer (IPO) - Apply in IPOs as per your convenience in few clicks or with a call. Track and analyze the forthcoming IPOs to make informed decision.
- StockSIP ;- Tide through a volatile market by investing your money at regular intervals by adopting a disciplined strategy with a systematic investment plan. Through StockSIP, you can buy pre-specified quantity of stocks/units at regular intervals over a period of time. StockSIP option is available in stocks, Gold ETFs and Index ETFs.
- Gold ETF ;- Available in small denominations, invest in dematerialized form of gold. Gold ETF are listed and traded just like stock. You can also avail the option of doing DIYSIP monthly in Gold ETF.
- Bonds / NCDs ;- These instruments offer a higher rate of return. Invest in high rated Bonds and highly liquid NCDs.
- Mutual Funds ;- Brace for a paperless investing experience in Mutual Funds. Purchase and redeem mutual fund units online just like stocks through your trading account.
Q3. Can all saving account holders open DigiDemat Account?
Currently this offer is only for Selected Individual Ordinary Resident, Single holder customer having existing savings account with HDFC bank
Please click here to check your eligibility
Q4. Can NRI customer open DigiDemat Account?
At present Non Resident Individuals & Entity accounts are not available on digital mode.
To know more about NR account opening click here
Q5. Can I open DigiDemat account with more than one account holder?
No. Currently only Resident Individual Savings Single holders are eligible for DigiDemat journey.
Q6. How to open a DigiDemat & Trading Account?
Please click here to check your eligibility to open DigiDemat & Trading Account
Q7. Can I start using the my DigiDemat account number instantly?
You will receive your Demat account number in registered mode instantly and the account will be activated within 2 to 24 working hours. Customer will receive an activation message from NSDL on registered mobile directly. Please start using your DigiDemat account number once you receive an activation confirmation
Q8. How much time it takes to open DigiDemat account?
The Digital demat account journey will take maximum five* minutes to obtain a digital demat account in registered mode, the said account will be activated within 2 to 24 working hours. *under normal speed condition
Q9. How will I receive DIS booklet under Digidemat journey?
Customer will have an option to select for physical DIS booklet if required during the digital journey and the same will be sent to their registered mailing address.
Q10. Can customer change their email id in DigiDemat journey?
Yes. Customer has an option to edit the email id at the time of Digital account opening
Q11. When can I apply for instant IPO or do trading once DigiDemat account is opened?
Only activated digital Demat accounts can apply for IPO /securities trading transaction. Your Demat account gets activated within 2 to 24 working hours. Customer will receive an activation message from NSDL on registered mobile directly.
Q12. What is the tariff applicable for all Digital demat account opening?
ll demat accounts opened digitally would have Standard Tariff applicable. For detailed fees and charges applicable to your Demat account, please click here
However, in case of managed customers respective programme pricing would be applicable. Contact your RM to know more
Q13. Are there any charges to open DigiDemat account?
There are NO Demat account opening charges. Demat AMC is free for first year
Q14. Where will the Delivery Instructions Booklet (DIB) be delivered once ordered online or by physical request?
The Delivery Instruction Booklet (DIB) ordered online or by physical request will be delivered only at the registered mailing address of demat holder/s.
Q15. Can I open more than one demat account with only one DP in identical names?
Yes. You can open more than one demat account in identical names. There is no restriction on the number of demat accounts you can open with the same/other DP's.
Q16. Can a depository account be opened with four holder's names?
Yes, a depository account can be opened in the name of four holders but the account can be operated only for the demateralisation of shares held in the same combination. Once the shares are dematerialised the securities should be transferred and Demat Account should be closed. No shares can be credited by purchase or transferred from any other account. Hence for such accounts, the standing instruction for credits will be 'N' .
Q17. What is 'Standing Instruction' given in the account opening form?
In a bank account, credit to the account is given only when a 'paying in' slip is submitted together with cash/cheque. Similarly, in a depository account a 'Receipt in' form has to be submitted to receive securities in the account. However, for the convenience of investors, facility of 'standing instruction' is given. If you say 'Yes' for standing instruction, you need not submit 'Receipt in' slip every time you buy securities.
Q18. Can someone else operate my demat account on my behalf on the basis of Power of Attorney?
Yes. If you authorize any person to operate your account by executing a power of attorney, that person can operate the account on your behalf. However, you need to submit a Notarised copy of the POA to your DP. Ensure that the POA has the signatures of both, the Donor and the Donee. The POA holder is also subject to KYC norms of the bank. However if the POA is submitted at the time of account opening, it is mandatory that the holder signs the account opening document.
Q19. What is a clearing member account and how is it different from a beneficiary account?
A registered member of any of the stock exchanges that have direct connectivity with the depositories holds a clearing member account or pool account. A Pool account is used by the members to hold securities received from clients and deliver them to clearing corporations. This account is also used to receive securities from the Clearing Corporations and distribute onwards to clients.