Start with a Demat Account

Individuals investing in stocks, bonds, mutual funds, or other securities need a Demat account to store and manage their investments securely and efficiently.  

A Demat account provides a secure electronic method for storing securities, reducing the risks associated with theft or loss. It streamlines the process of transferring shares, lowers transaction expenses, and grants easy access to investments. Furthermore, it facilitates rapid receipt of corporate benefits such as dividends and interest and allows for obtaining loans against the securities. 

Demat accounts can be classified into three main types: the Regular Demat Account intended for Indian residents; the Repatriable Demat Account, which allows NRIs to transfer funds abroad; and the Non-Repatriable Demat Account, which does not offer repatriation benefits for NRIs. Additionally, there is the Basic Services Demat Account (BSDA), aimed at small investors and featuring lower maintenance fees. 

A Demat account does not have a minimum balance requirement. As it stores securities such as stocks and bonds electronically, keeping a cash balance is unnecessary. 

You can transfer shares but not a Demat account. 

Yes, Demat accounts offer a nomination facility. This allows account holders to select a nominee who will inherit the holdings (shares/bonds) in the event of their death. You can ea​​​​​​​sily set this up online or by completing a physical form.  

HDFC SKY  is an all-in-one investment and discount service broker platform offered by HDFC Securities. It allows users to invest in various financial instruments such as mutual funds, stocks, ETFs, MTFs, IPOs, derivatives, currencies, and commodities. 

HDFC SKY, a discount broker services which provide research reports. Also, it offers several benefits, including zero brokerage for first 30 days, access to multiple asset classes, a user-friendly interface, research reports, comprehensive investment resources, and portfolio management tools. 

Through HDFC SKY, you can invest in mutual funds, stocks, ETFs, MTFs, IPOs, futures and options, currencies, and commodities.

HDFC Bank InvestRight is a full-service broker platform that provides resources and tools to help investors make informed decisions. It offers personalised watchlists, market insights, and alerts to track investment opportunities.

To create a watchlist on InvestRight, navigate through the platform’s menu to the watchlist section. You can create up to five watchlists, each accommodating up to 50 stocks. Customise your watchlists by adding stocks, setting alerts, and applying filters to track specific market movements.

To open a Demat account as joint holder, you must visit the HDFC Bank branch. 

Demat and trading account charges vary depending on the account type. For accurate information, please contact our support team at https://hdfcsky.onelink.me/9Pjp/zjfg6yq5 or call 022-6246 5555.