custodial-service

What's in store for you

Correspondent Banking

Explore Custodial Services

Regulatory Support

  • Assistance with regulatory approvals and reporting for offshore entities.
  • Registration as a SEBI Designated Depository Participant for Foreign Portfolio Investors (FPI).
  • Regulatory reporting on behalf of offshore clients.
  • Designated Banker Services for FVCI and FPI clients.
Regulatory Support

Account Management

  • Swift opening of Bank Accounts and Demat accounts.
  • Provision of Custodial Participant Codes with both stock exchanges in India.
  • Efficient handling of high transaction volumes via Straight-Through-Processing.
  • Subscription to Initial Public Offerings (IPOs) via ASBA.
  • Support for subscription in debt issues, Mutual Fund units, and Exchange Traded Funds.
Account Management

Corporate Actions

  • Tracking corporate actions for both monetary and non-monetary benefits.
  • Portfolio reporting services.
  • Customised reporting surpasses standard templated reports.
Corporate Actions

Banking Support

  • Secure storage vaults for physical securities.
  • Dedicated Relationship Manager as a single point of contact for all custodial needs.
  • Facilitation of forex booking for inbound and outbound remittances at competitive rates.
  • Monitoring of inward remittances and prompt conversion into the client’s account.
Banking Support

Securities For Margin

  • HDFC Bank as Custodian: HDFC Bank serves as the custodian to National Securities Clearing Corporation of India (NSCCL), Multi-Commodity Exchange (MCX), MCX-SX Stock Exchange (MCX-SX), National Commodity & Derivatives Exchange of India (NCDEX), ACE Derivatives & Commodities Exchange (ACE), OTC Exchange of India (OTCEI) and Indian Commodity Exchange (ICEX).
  • Demat Accounts for Clearing Members: Clearing members of these exchanges can open Demat accounts with the bank and hold securities against their base capital and additional base capital margin requirements.

View the Demat Account Tariff Structure

Securities For Margin

More About Custodial Services

  • About Custodial Services
  • Ensure the protection of your business's financial assets by utilising HDFC Bank's Custodial Services in India. Whether your assets are in electronic or physical form, you can trust in our cutting-edge technologies and highly secure vaults.
  • HDFC Bank's Custodial Services in India adhere to SOX and ISO 9001:2008 standards, ensuring the highest operating quality. We were the first bank appointed as custodians for the National Stock Exchange, demonstrating our expertise and reliability in this field.
  • Leading mutual funds, insurance companies, venture capital firms, foreign portfolio investors (FPI), foreign corporate bodies, and provident fund trusts trust us for a wide range of customised Custodial Services.
  • Depository Services
  • Features of Custodial Services
  • Custodial Services offer a range of features designed to protect and manage financial assets effectively. One key feature is safekeeping, where custodians hold assets in secure custody to prevent loss or theft. Custodians also provide transaction processing, facilitating the buying and selling of assets on behalf of clients. Another important feature is income/returns collection, where custodians collect dividends, interest, and other income generated by the assets and credit it to the client's account. Reporting is also a significant feature, with custodians providing regular statements detailing asset holdings, transactions, and income received.
    Additionally, Custodial Services often include corporate actions management, where custodians handle events such as mergers, acquisitions, and stock splits on behalf of clients. Compliance support is another key feature, with custodians ensuring that clients adhere to regulatory requirements and reporting obligations. Overall, Custodial Services offers a comprehensive suite of features aimed at safeguarding and managing financial assets efficiently.
  • Benefits of Custodial Services
  • Custodial Services offer several benefits to investors and financial institutions. One of the key advantages is asset safety and security. Custodians provide secure storage for financial assets, reducing the risk of loss or theft. Additionally, Custodial Services help streamline administrative tasks related to asset management. Custodians handle tasks such as transaction processing, income collection, and reporting, which can help investors focus on their investment strategies rather than administrative details.
    Custodial Services also provide access to a wide range of investment options and markets, allowing investors to diversify their portfolios and potentially enhance returns.
    Furthermore, Custodial Services often offer regulatory compliance support, ensuring that investors meet all legal and regulatory requirements. Overall, Custodial Services provide convenience, security, and efficiency in managing financial assets, making them a valuable resource for investors and financial institutions.
  • How to apply for Custodial Services?
  • To apply for Custodial Services, you can visit the HDFC website and navigate to the section related to Custodial Services. Once there, you will likely find information about the services offered, along with details on how to apply. Typically, you will need to fill out an application form providing details about yourself or your organisation, the assets you wish to hold into custody, and any other specific requirements you may have.
    The website may also provide contact information for further assistance or clarification.
    It's recommended to thoroughly review the terms and conditions of the Custodial Services before applying to ensure they meet your needs.
  • Most Important Terms and Conditions
  • *The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.

Compliance Updates, Investor Charters & Reports

In order to view the collateral details by the end client, NSE Clearing Ltd, provided a link for registration and viewing the collateral data – i.e., NSCCL>Resources>Client Collateral Details>Web portal facility to clients

Check Client Collateral Details: Welcome (nseindia.com)

In case of any Queries & Complaints, please write to us on:

This is to bring to your notice that SEBI Vide its Circular SEBI/HO/FPIC/P/CIR/2021/691 dated December 17,2021 requires Custodians and DDPs to publish the Investor Charters which inter-alia deals with services provided to investors with timelines and general guidance for Investors. The same is made available under - Investor Charter -Custodian and Investor Charter DDPs.

 

 

 

Frequently Asked Questions

Custodian Services play a crucial role in the financial industry by safeguarding and administering financial assets on behalf of clients. The primary function of a Custodian is to hold and protect these assets, which can include securities, cash, and other investments. Custodians also handle transactions such as purchases, sales, and income collection related to these assets. They provide safekeeping services, ensuring that assets are held securely and in compliance with regulatory requirements. Additionally, custodians often provide reporting services, giving clients access to information about their holdings and transactions. Overall, Custodian Services are essential for investors and financial institutions to manage and protect their assets effectively.

Custodial Services in Banking refers to the safekeeping, administration, and management of financial assets on behalf of clients. Banks offering Custodial Services act as custodians, holding assets such as securities, cash, and other investments in custody for their clients. These services are essential for institutional investors, such as Asset Management Companies Mutual Funds, Pension Funds, and Hedge Funds, as well as individual investors who want to ensure the safety and security of their investments.
Custodial Services include tasks such as processing transactions, collecting income and dividends, handling corporate actions, and providing reporting services. Additionally, Custodial Services may also involve compliance with regulatory requirements and providing support for client audits. Overall, Custodial Services in banking play a critical role in ensuring the safekeeping and efficient management of financial assets for clients.

Custodial Services in India offer several benefits to investors and financial institutions. One of the key advantages is asset safety and security. Custodians provide secure storage for financial assets, reducing the risk of loss or theft. Additionally, Custodial Services help streamline administrative tasks related to asset management. Custodians handle tasks such as transaction processing, income collection, and reporting, which can help investors focus on their investment strategies rather than administrative details. Custodial Services also provide access to a wide range of investment options and markets, allowing investors to diversify their portfolios and potentially enhance returns.
Furthermore, Custodial Services often offer regulatory compliance support, ensuring that investors meet all legal and regulatory requirements. Overall, Custodial Services provide convenience, security, and efficiency in managing financial assets, making them a valuable resource for investors and financial institutions.