Explore Our Services for Stock Brokers
What’s in store for you
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Transaction-Based Services
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Fund-Based Services
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Non-Fund Based Services
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More About Stock Broker Services
The key features of some services offered by HDFC Bank are:
| Sr. No. | Instance | Charges per instance |
|---|---|---|
| 1 | Late payment penal charge/s on delayed payment of EMI(s) | Up to 2% p.m. penal charge (from date of default to regularisation) – computed in absolute terms + relevant GST will be applicable on the outstanding EMI amount(s) per month on a cumulative basis. |
| 2 | Delay in submission of documents for disbursement or renewal of facilities on time | Up to 2% p.m. penal charge (from date of overdue to regularisation) – computed in absolute terms + relevant GST will be applicable on the sum of limits of revolving lines and or principal outstanding of non-revolving lines. Not applicable on ODFD, 100% FD backed facility/ies, PSR & DRUL lines. |
| 3 | Delay in submission of Letter Acknowledging their Debt (LAD) | Up to 2% p.m. penal charge (from date of overdue to regularisation) – computed in absolute terms + relevant GST will be applicable on the sum of limits of revolving lines and or principal outstanding of non-revolving lines. |
| 4 | Non-compliance/ Breach of facility covenants | Up to 2% p.m. penal charge (from date of default to regularisation) – computed in absolute terms + relevant GST will be applicable on the sum of limits of revolving lines and or principal outstanding of non-revolving lines. |
| 5 | Non-submission or delay in submission of Insurance for Property/ Stock/ Plant & Machinery held as collateral for facilities. | Up to 2% p.m. penal charge (from date of policy expiry to regularisation) – computed in absolute terms + relevant GST will be applicable on the sum of limits of revolving lines and or principal outstanding of non-revolving lines. Not applicable on ODFD, 100% FD backed facility/ies, PSR, DRUL and or lines where the said collateral is not pertinent. |
| 6 | Non-submission or delay in submission of Stock Statement(s) | Up to Rs. 5,000/- + relevant GST per delayed submission. If the submission isn’t received within 15 days from the submission due date, the Bank will drop the drawing power on the facilities. Not applicable on ODFD, 100% FD backed facility/ies, PSR, DRUL & Non-DP backed lines. |
| 7 | Incremental Interest on Temporary Overdrafts (TOD) | Up to 1.5% p.m. + relevant GST computed in absolute terms on the TOD amount availed for the days, TOD is used. |
The key features of some services offered by HDFC Bank are:
Applying for these products on HDFC Bank's official website requires the following steps: Wholesale-> FINANCIAL INSTITUTIONS-> Stockbrokers
Frequently Asked Questions
Services designed for Stockbrokers include efficient settlement solutions, margin financing, overdraft facilities against securities, and advanced trading platforms. They also offer clearing services for various exchanges, custodial services, and liquidity management, ensuring streamlined operations and enhanced financial management for brokers.