The Flashh Scheme has been launched by HDFC Securities, specifically designed to cater to the financial needs of young individuals in India. This initiative aims to engage and empower the youth under the age of 30, making investing in the stock market more accessible and affordable.
The Flashh Scheme is a unique offering from HDFC Securities aimed at young men and women in India. By providing various incentives and reduced costs, the scheme encourages the youth to participate in trading and investment activities, ultimately fostering a culture of financial literacy and independence among the younger generation.
The Flashh Scheme includes several attractive features that make it particularly beneficial for young investors:
One of the standout features of the Flashh Scheme is that it offers free equity intraday volume for 180 days. This allows young traders to engage in intraday trading without worrying about brokerage fees during this initial period. It serves as a great opportunity for beginners to learn the ropes of trading without incurring significant costs.
From the very first day of joining the scheme, participants can benefit from a low-cost derivative trading fee of just ₹20 per order. This affordable rate encourages young traders to explore derivatives, a market segment that can be both rewarding and educational.
The scheme also provides competitive brokerage rates, with stock delivery brokerage set at a retroactive validity of just 0.50%. For intraday stock trades, the brokerage is remarkably low at 0.05%. These reduced rates significantly lower the cost of trading, making it more appealing for young investors to dive into the stock market.
To fully benefit from the derivatives trading features, participants must take advantage of this privilege within 30 days of account establishment. This requirement ensures that new users are actively engaging with the trading platform early on.
While the scheme offers several benefits, it also stipulates a minimum charge of ₹25 per order for all stock transactions, including intraday and delivery trades. However, this is applicable only outside the free volume period and is capped at 2.5%. For securities valued at less than ₹10, a brokerage fee of 5 paisa per share will apply, subject to the same 2.5% cap. These conditions are designed to maintain affordability while providing comprehensive service.
Once the initial 180 days of free intraday trading conclude, customers can opt for “Value Plans”, which offer further discounted rate benefits on equity trades. This ensures that young investors continue to enjoy reduced costs even after the promotional period ends.
The Flashh Scheme can be accessed through an HDFC Bank Demat Account. To get started, interested individuals can visit the HDFC Bank website to open an account easily. This straightforward process empowers young investors to take control of their financial futures.
Click here to read more about how a Demat Account empowers senior citizens to trade like pros.
For further details, you can visit here to open an account. Click to get started now!
Terms and conditions apply. This is an information communication from HDFC Bank and should not be considered as a suggestion for investment. Investments in the securities market are subject to market risks; read all related documents carefully before investing.