HDFC Demat Account Charges: A Comprehensive Guide

Investing in the stock market is one of the most popular ways to grow your wealth. However, before you start investing, it is important to have a demat account to hold your securities and shares in electronic format. HDFC Demat Account is a popular choice among investors due to its user-friendly interface and reliable services. However, like any other financial product, HDFC Demat Account charges are an important consideration for investors.

Understanding these charges is crucial to avoid any surprises and make informed investment decisions. In this blog post, we will provide a comprehensive guide to HDFC Demat Account charges, including the different types of charges, how they are calculated, and tips to minimize them. Whether you are a beginner or an experienced investor, this guide will help you make the most of your HDFC Demat Account and optimize your investment returns.

Understanding HDFC Demat Account Charges

HDFC Bank offers Demat account services to its customers, which allow them to hold and transact securities in an electronic format. However, customers need to pay certain charges to avail of these services. This section will provide an overview of the HDFC demat account charges.

Account Opening Charges

To open a demat account with HDFC Bank, customers need to pay a one-time account opening fee. The charges for this service depend on the type of account the customer chooses. For example, the HDFC Securities Regular Demat account has an account opening charge of Rs. 750 plus GST, while the HDFC Securities Preferred Demat account has an account opening charge of Rs. 999 plus GST.

Annual Maintenance Charges

In addition to the account opening charges, customers also need to pay annual maintenance charges (AMC) for their demat accounts. The AMC depends on the type of account the customer holds and is charged annually. For example, the HDFC Securities Regular Demat account has an AMC of Rs. 750 plus GST per annum, while the HDFC Securities Preferred Demat account has an AMC of Rs. 500 plus GST per annum.

Transaction Charges

Customers also need to pay transaction charges for every transaction they make in their demat account. The transaction charges depend on the value of the transaction and are charged on a monthly basis. The charges are applicable for services such as buying and selling securities, transferring securities, and pledging securities.

Other Charges

Apart from the above charges, customers may also need to pay other charges such as courier charges, pledge creation charges, and dematerialization charges. These charges are levied on a per-instance basis and vary depending on the service availed by the customer.

It is important to note that all the charges mentioned above are exclusive of GST and other taxes/statutory charges levied by government bodies or statutory authorities. Customers are advised to check the HDFC Bank website or contact the bank’s customer care for the latest charges and terms and conditions.

In conclusion, HDFC Bank offers demat account services to its customers with various charges applicable for account opening, annual maintenance, transactions, and other services. Customers should be aware of these charges before availing the services and should keep themselves updated with the latest charges and terms and conditions.

Types of HDFC Demat Account Charges

When opening a demat account with HDFC Bank, customers will need to be aware of the various charges associated with the account. These charges can be broadly categorized into three types: account opening charges, annual maintenance charges, and transaction charges.

Account Opening Charges

Account opening charges refer to the fees customers do not need to pay for opening a new demat account with HDFC Bank. Currently, the bank offers different types of demat accounts, each with its own free account opening.

Annual Maintenance Charges

Annual maintenance charges (AMC) refer to the fees that customers need to pay on an annual basis to maintain their demat account with HDFC Bank. The AMC varies depending on the type of demat account and the value of securities held in the account. For example, the Regular Demat Account has an AMC of Rs. 750 per year.

Transaction Charges

Transaction charges refer to the fees that customers need to pay for each transaction made using their demat account. The transaction charges vary depending on the type of transaction, such as buying or selling securities, and the value of the transaction. For example, the transaction charge for buying securities worth up to Rs. 2 lakh is 0.03% of the transaction value, while the charge for selling securities worth up to Rs. 2 lakh is 0.05% of the transaction value.

It is important to note that the above charges are exclusive of GST and other taxes/statutory charges levied by government bodies or statutory authorities. Customers should also keep in mind that HDFC Bank reserves the right to change the charges at any time, and it is advisable to check the bank’s website for the latest fee structure before opening a demat account.

In summary, HDFC Bank offers different types of demat accounts, each with its own account opening charges, annual maintenance charges, and transaction charges. Customers should carefully consider these charges before opening a demat account, and keep in mind that the charges are subject to change.

GST Impact on HDFC Demat Charges

The introduction of Goods and Services Tax (GST) has impacted several industries and services, including Demat account charges. HDFC Bank, like other banks, has revised its Demat account charges to comply with GST regulations.

Under GST, Demat account holders are required to pay an 18% tax on various charges levied by the bank. These charges include account opening fees, annual maintenance charges (AMC), transaction charges, and other statutory charges.

HDFC Bank has updated its Demat account charges to reflect the GST impact. For example, the account opening is free for a Demat account. Similarly, the AMC charges for a regular Demat account have increased from Rs. 750 plus 18% GST, which is a total of Rs. 944.

Transaction charges for Demat accounts have also been revised to include GST. HDFC Bank charges Rs. 3.50 plus GST per debit instruction for delivery instruction slip (DIS) transactions. For off-market transactions, the bank charges Rs. 25 plus GST per transaction.

It is important to note that the aforementioned charges are exclusive of other taxes/statutory charges levied by government bodies or statutory authorities. HDFC Bank requires its Demat account holders to pay the transaction charges on a monthly basis.

In conclusion, GST has impacted HDFC Demat account charges, and the bank has revised its charges to comply with the new regulations. Demat account holders are required to pay an 18% tax on various charges levied by the bank. It is advisable to check the HDFC Bank website for the latest Demat account charges to avoid any confusion or surprises.

HDFC Securities and Demat Charges

HDFC Securities is a subsidiary of HDFC Bank that offers a wide range of financial services, including demat account services. The HDFC demat account is an online account that allows investors to hold their securities in electronic form.

To open a demat account with HDFC Securities, investors need to pay a one-time account opening fee, which varies depending on the type of account they choose. HDFC Securities offers two types of demat accounts: Basic Services Demat Account (BSDA) and Regular Demat Account. The account opening fee for BSDA is waived off for the first year, while the account opening fee for a Regular Demat Account is free.

In addition to the account opening fee, HDFC Securities charges various other fees and charges for its demat account services. These charges include:

• Annual Maintenance Charges (AMC): HDFC Securities charges an annual maintenance fee for its demat account services. The AMC for a BSDA is waived off for accounts with a value of up to Rs. 50,000. For accounts with a value between Rs. 50,001 and Rs. 2,00,000, the AMC is Rs. 100. For accounts with a value above Rs. 2,00,000, the AMC is Rs. 750. The AMC for a Regular Demat Account is Rs. 750.
• Transaction Charges: HDFC Securities charges transaction fees for its demat account services. The transaction charges depend on the type of transaction and the value of the securities. For example, for a delivery transaction, HDFC Securities charges 0.04% of the transaction value subject to a minimum of Rs. 25 and a maximum of Rs. 50. For an off-market transaction, HDFC Securities charges 0.05% of the transaction value subject to a minimum of Rs. 50 and a maximum of Rs. 50,000.
• Dematerialization Charges: HDFC Securities charges a fee for converting physical securities into electronic form. The dematerialization charges are Rs. 5 per certificate, subject to a minimum of Rs. 50 per request.
• Rematerialization Charges: HDFC Securities charges a fee for converting electronic securities into physical form. The rematerialization charges are Rs. 25 per certificate, subject to a minimum of Rs. 50 per request.
• Pledge Creation and Closure Charges: HDFC Securities charges a fee for creating and closing a pledge on securities held in its demat account. The pledge creation and closure charges are 0.02% of the value of the securities subject to a minimum of Rs. 50 and a maximum of Rs. 100.

It is important to note that all the above charges are exclusive of GST and other taxes/statutory charges levied by Government bodies or statutory authorities. Investors are required to pay the transaction charges on a monthly basis.

In conclusion, HDFC Securities offers a range of demat account services that come with various fees and charges. Investors should carefully evaluate these charges before opening a demat account with HDFC Securities.

Debit and Credit Charges in HDFC Demat Account

HDFC Demat Account charges a fee for debit and credit transactions. The fee is charged on a monthly basis and is based on the number of transactions. The following table provides an overview of the debit and credit charges for HDFC Demat Account:

Type of Transaction	Charges
Debit Transaction	Rs. 13.50 per debit transaction
Credit Transaction	Rs. 13.50 per credit transaction

It is important to note that the above charges are exclusive of GST and other taxes/statutory charges levied by government bodies or statutory authorities.

Debit transactions refer to the transfer of securities from the Demat Account to another account. Credit transactions refer to the transfer of securities from another account to the HDFC Demat Account. The charges for both types of transactions are the same.

It is recommended to keep track of the number of transactions to avoid any unexpected charges. HDFC Bank provides a detailed account statement that can be used to keep track of the transactions.

In addition to the above charges, there are also annual maintenance charges (AMC) for HDFC Demat Account. However, there are no account opening charges or credit transaction charges for a Demat account. Demat AMC is free for the first year. From the second year onwards, Annual Maintenance Charges for a Regular Demat account are Rs. 750 (discounted charges applicable for managed customers).

Overall, HDFC Demat Account charges a reasonable fee for debit and credit transactions. It is important to keep track of the transactions to avoid any unexpected charges.

HDFC Bank Demat Account and Savings Account

HDFC Bank offers a range of investment and savings options to its customers, including Demat Account and Savings Account.

HDFC Bank Demat Account

A Demat Account is an account that holds securities such as shares, bonds, and mutual funds in electronic form. HDFC Bank Demat Account is one of the easiest, safest, and most convenient ways of storing your investments. Customers can open a Demat Account online without any charges and combine a Saving Account and a Trading Account to seamlessly bank and invest.

HDFC Bank Demat Account offers a range of features and benefits, including:

• Zero account opening charges
• Free Demat AMC for the first year
• Max capping of ₹4999 on demat debit transaction cost (Min. is ₹ 30)
• Easy and hassle-free operation of account
• Secure and convenient online access to account
• Wide range of investment options available

Customers can check the fees and charges associated with HDFC Bank Demat Account on the bank’s website.

HDFC Bank Savings Account

HDFC Bank offers a range of Savings Accounts to cater to the varying needs of customers. These accounts come with a range of features and benefits, including:

• No minimum balance requirement
• Free online fund transfer
• Free ATM withdrawals
• Free passbook and e-mail statements
• Higher interest rates on savings account balance
• 24×7 customer support

Customers can choose from a range of Savings Accounts, including Regular Savings Account, Women’s Savings Account, Senior Citizens Account, Kids Advantage Account, and Family Savings Group Account.

To open a Savings Account with HDFC Bank, customers need to submit the required documents and complete the account opening process. The bank offers easy and hassle-free account opening process online as well as in branches.

Overall, HDFC Bank Demat Account and Savings Account are reliable and convenient investment and savings options for customers.

Brokerage Charges in HDFC Demat Account

HDFC Bank offers a Demat account to its customers to hold their securities in an electronic format. Customers can trade in various securities such as shares, bonds, and mutual funds using this account. However, the bank charges certain fees for the services rendered. One of the fees that customers have to pay is brokerage charges.

What are Brokerage Charges?

Brokerage charges are the fees that a customer has to pay to the broker for executing the trade. In the case of HDFC Demat account, the broker is HDFC Securities. HDFC Securities charges brokerage fees based on the type of security traded, the value of the trade, and the type of brokerage plan opted by the customer.

Types of Brokerage Plans

HDFC Securities offers two types of brokerage plans: Value Plan and Standard Plan. The Value Plan has a fixed subscription fee ranging from Rs. 199 to Rs. 5,999 with a validity period of 360 days. This plan reduces the brokerage charges for Equity Delivery to 0.10%, Equity Intraday to 0.010%, and charges only Rs. 20 per order for Derivatives trades. The Standard Plan charges brokerage fees based on the value of the trade.

Brokerage Charges for Equity Delivery Trades

For Equity Delivery trades, HDFC Securities charges a brokerage fee of 0.50% for the Standard Plan and 0.25% for the Value Plan. The maximum brokerage charge for Equity Delivery trades is 2.5% of the trade value.

Brokerage Charges for Equity Intraday Trades

For Equity Intraday trades, HDFC Securities charges a brokerage fee of 0.05% for the Standard Plan and 0.01% for the Value Plan. The maximum brokerage charge for Equity Intraday trades is 0.05% of the trade value.

Brokerage Charges for Derivatives Trades

For Derivatives trades, HDFC Securities charges a brokerage fee of 0.05% for the Standard Plan and Rs. 20 per order for the Value Plan. The maximum brokerage charge for Derivatives trades is 2.5% of the trade value.

Conclusion

In conclusion, HDFC Securities charges brokerage fees based on the type of security traded, the value of the trade, and the type of brokerage plan opted by the customer. Customers can choose between the Value Plan and the Standard Plan based on their trading needs. It is important for customers to understand the brokerage charges before placing a trade to avoid any surprises.

Interest and Mutual Funds in HDFC Demat Account

HDFC Bank Demat Account holders can invest in a wide range of financial instruments, including mutual funds and fixed deposits. Here’s what you need to know about interest and mutual funds in HDFC Demat Account.

Interest

HDFC Bank offers a range of fixed deposit schemes to its customers. Demat Account holders can open a fixed deposit account with HDFC Bank and earn interest on their investment. The interest rate offered on HDFC Bank fixed deposits varies depending on the duration of the deposit and the amount invested.

Mutual Funds

HDFC Bank Demat Account holders can invest in mutual funds through their Demat Account. The bank offers a wide range of mutual funds from leading fund houses in India. Customers can choose from equity, debt, and hybrid mutual funds based on their investment goals and risk appetite.

Investing in mutual funds through HDFC Demat Account offers several advantages. Customers can manage their investments online, view their portfolio, and track the performance of their funds. HDFC Bank also offers a range of tools and resources to help customers make informed investment decisions.

Fees and Charges

Customers should note that there are fees and charges associated with investing in mutual funds through HDFC Demat Account. These charges include transaction fees, annual maintenance charges, and other statutory charges levied by government bodies or statutory authorities. Customers should refer to the HDFC Bank website for the latest fees and charges.

In conclusion, HDFC Bank Demat Account holders can earn interest on fixed deposits and invest in a wide range of mutual funds through their Demat Account. Customers should be aware of the fees and charges associated with investing in mutual funds and refer to the HDFC Bank website for the latest information.

HDFC Demat Account for IPO

HDFC Bank Demat Account is an excellent option for investors who want to invest in Initial Public Offerings (IPOs). With a Demat account, investors can apply for and receive shares of an IPO directly in their Demat account.

Investors can apply for IPO shares through HDFC Securities’ internet trading system or mobile app. The internet trading system is easy-to-use and allows investors to apply for IPO shares instantly. The mobile app is also available for Android, iPhone, and iPad, making it easy to apply for IPO shares on-the-go.

HDFC Securities provides investors with access to a wide range of IPOs. Investors can apply for IPO shares of companies ranging from small-cap to large-cap. Additionally, HDFC Securities offers research reports on upcoming IPOs, helping investors make informed investment decisions.

Opening a Demat account with HDFC Securities is simple and fast. Investors can open a Demat account online without any charges. The Demat account can be combined with a savings account and a trading account, providing a seamless banking and investing experience.

Investors should keep in mind that there are fees and charges associated with Demat accounts. These charges are nominal and can range from INR 300-800. The amount will depend on the Directory Participant and the value of the transactions made in a year. Small investors can waive off the annual maintenance charge.

In summary, HDFC Bank Demat Account is an excellent option for investors who want to invest in IPOs. With a Demat account, investors can apply for and receive shares of an IPO directly in their Demat account. HDFC Securities provides investors with access to a wide range of IPOs and research reports on upcoming IPOs. Opening a Demat account with HDFC Securities is simple and fast, and investors should keep in mind the nominal fees and charges associated with Demat accounts.

Demat Account Types in HDFC

HDFC Bank offers three types of Demat accounts to cater to the needs of different investors. Each type has its own set of features and benefits. Here are the details:

Imperia

The Imperia Demat account is designed for high net worth individuals who require personalized services and exclusive benefits. It is a premium account that offers a range of value-added services, such as dedicated relationship managers, priority customer service, and access to research reports and market insights.

Preferred

The Preferred Demat account is suitable for individuals who have a moderate investment portfolio. It offers a host of features, such as a free debit card, online trading, and a 3-in-1 account that combines a Demat account, a savings account, and a trading account.

Classic

The Classic Demat account is ideal for beginners and small investors who are starting out in the stock market. It is a basic account that offers essential features, such as online access to holdings, transaction statements, and portfolio valuation.

All three types of Demat accounts come with a range of charges and fees that investors need to be aware of. The fees include account opening charges, annual maintenance charges, transaction charges, and other statutory charges levied by the government.

Investors can choose the type of Demat account that best suits their investment needs and budget. They can also upgrade or downgrade their accounts based on their changing requirements.

In conclusion, HDFC Bank provides a range of Demat account options to cater to the diverse needs of investors. Whether one is a high net worth individual or a small investor, HDFC Bank has a Demat account that can meet their specific requirements.

HDFC Demat Account with NSDL and CDSL

HDFC Bank Demat Account is a safe, online, and seamless way to keep track of your investments. It is one of the easiest, safest, and most convenient ways of storing your investments. HDFC Bank offers Demat Account services with both National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL).

NSDL and CDSL are two of the most popular depositories in India. NSDL was established in 1996 and has over 2.4 crore Demat Account holders. CDSL, on the other hand, was established in 1999 and has over 1.3 crore Demat Account holders. HDFC Bank offers Demat Account services with both these depositories to provide flexibility to its customers.

The HDFC Bank Demat Account comes with a host of features such as Equity, Mutual Funds, Initial Public Offer (IPO), Exchange Traded Funds (ETF) – Index & Gold, Bonds, Non-Convertible Debentures (NCD), and more. The Demat Account is usually accompanied by a Trading Account, which is required for buying and selling shares on the stock market. HDFC Bank offers a 3-in-1 Account that combines bank accounts like a Savings Account, a Demat Account, and a Trading Account.

HDFC Bank Demat Account charges are competitive and transparent. The charges include Account Opening charges, Annual Maintenance Charges (AMC), transaction charges, and more. The Account Opening charges are waived off for the first year, and preferential pricing is offered for the Imperia, Preferred, and Classic customers. The AMC charges are also waived off for the first year for all customers.

In conclusion, HDFC Bank Demat Account with NSDL and CDSL is a safe and convenient way to keep track of your investments. Customers can choose the depository they prefer and enjoy a host of features and benefits. The charges are competitive and transparent, making it a popular choice among investors.

Standard Charges in HDFC Demat Account

Opening a Demat account with HDFC Bank comes with a certain set of charges that are levied on the account holder. These charges are subject to change from time to time, and it is recommended that the account holder keeps themselves updated with the latest fee structure.

The standard charges for an HDFC Bank Demat account include account opening charges, annual maintenance charges (AMC), transaction charges, and other statutory charges levied by government bodies or statutory authorities. These charges are exclusive of GST and other taxes.

The account opening charges for a regular individual retail Demat account with HDFC Bank are Rs. 20/-, while the AMC for the same account is Rs. 750/- per year. For BSDA accounts, the AMC is Rs. 500/- per year. The transaction charges for delivery-based selling of shares are 0.04% of the value of the transaction, subject to a minimum of Rs. 20/- per transaction. For BSDA accounts, the transaction charges are 0.06% of the value of the transaction, subject to a minimum of Rs. 40/- per transaction.

Apart from these charges, there are other statutory charges levied by government bodies or statutory authorities that the account holder needs to pay. These include stamp duty charges, depository participant charges, and other charges as applicable.

It is important to note that the aforementioned charges are applicable to the listed services only. The fee amount can vary depending on the type of service availed by the account holder. For instance, for each International Securities Identification Number (ISIN), the fee amount can range from 0.5-1 rupee.

In conclusion, HDFC Bank Demat account charges are subject to change and the account holder should keep themselves updated with the latest fee structure. The standard charges include account opening charges, AMC, transaction charges, and other statutory charges levied by government bodies or statutory authorities.

Frequently Asked Questions

What are the charges for opening Demat account in HDFC Bank?

To open a Demat account with HDFC Bank, there are no account opening charges. However, there are other charges that the bank levies on its customers, such as Demat account maintenance charges, transaction charges, and more. These charges vary depending on the type of account and the services availed.

What is the minimum balance required for HDFC Demat account?

To maintain a Demat account with HDFC Bank, there is no minimum balance requirement. However, there are certain charges that the bank levies on its customers, such as annual maintenance charges, transaction charges, and more. These charges vary depending on the type of account and the services availed.

How to avoid depository charges in HDFC Bank?

To avoid depository charges in HDFC Bank, one can opt for a Basic Services Demat Account (BSDA). This account is designed for small investors who hold a maximum of Rs. 50,000 worth of securities in their Demat account. The bank does not levy any annual maintenance charges on BSDA accounts if the value of holdings is less than Rs. 50,000.

Are there any AMC charges for HDFC Demat account?

Yes, HDFC Bank charges an annual maintenance fee (AMC) for its Demat accounts. The AMC varies depending on the type of account and the services availed. However, customers can avoid paying AMC charges by opting for a Basic Services Demat Account (BSDA) if they meet the eligibility criteria.

Is HDFC Demat account free for preferred customers?

HDFC Bank offers a Preferred Banking program for its customers who maintain a high balance in their accounts. However, the bank does not offer a free Demat account to its Preferred Banking customers. The charges for Demat account maintenance and transactions remain the same for all customers.

Which is the cheapest Demat account provider?

There are several Demat account providers in India, and the charges vary depending on the type of account and the services availed. It is recommended to compare the charges and services offered by different providers before selecting one. However, HDFC Bank offers competitive charges for its Demat accounts, and its Basic Services Demat Account (BSDA) is a good option for small investors.