Investment Services Account gives you complete control over your mutual funds- to purchase, redeem and switch funds and investment preferences at will. For a nominal, flat quarterly maintenance fee, enjoy the freedom to Invest as you please with the added convenience of investing from the comfort of your home through NetBanking.
Features of ISA
- Perform the following transactions through NetBanking:
- Purchase
- Redemption
- Switch
- HDFC Bank Savings Account linked to the account, which is debited on purchases of Mutual Funds
- Customers are authenticated / validated based on a unique Internet Password (IPIN) for NetBanking
- NAV and other details for all holdings can be viewed easily
- Redemption and Dividend Payout is directly credited to your Account
- Only Mutual Funds that are purchased through the Investment Services Account can be redeemed through this service
Eligibility
- The applicant needs to be an existing bank account holder, since a customer ID is mandatory.
- The applicant needs to be Compliant. KYC compliance has been made mandatory for investments in Mutual Funds irrespective of the amount. For NRI customers (Non-face to face): The KYC compliant acknowledgement copy is required to be attested by the Indian embassy
- The Savings Bank Account status has to be Single or Either/Survivor.
- The Account Opening Application Form has to be signed by all the Bank Account Holders.
Fees and Charges
Fees and Charges Please Note : For ISAs opened on or after April 1, 2023, ISA QMC charges will be NIL. Effective April 1, 2026, NIL ISA QMC charges will also apply to all ISAs opened prior to April 1, 2023. With effect from 1st October 2015, HDFC Bank has "Opted-out" for transaction charge..