- How to sign up and log in to HDFC Bank?
- How to open a Demat account?
- How to log in to the Demat account?
- What is a Demat account?
- Types of Demat account
- What is a Trading account?
- How to start trading with HDFC Securities?
- How to close a Demat account?
- How to close the HDFC Securities Trading account online?
- Other account types
- Savings accounts
- Savings account
- PPF account
- Deposit account
- Investment accounts
- Investment Services account
- NPS (National Pension System) account
HDFC Bank Ltd is a leading private sector bank in India that offers various financial services. Following is an overview of HDFC account types and the registration process. You will know how to open an HDFC account online and trade in the modern world.
How to sign up and log in to HDFC Bank?
It is straightforward to register in HDFC Bank and create an account. Below you can find a step-by-step guide for online Demat account opening.
How to open a Demat account?
Instructions on what to do to open an HDFC Demat account:
- Choose a Depository Participant (DP). It can be an authorized bank, broker, or financial institution. After you have chosen the DP which you want to open a Demat account, visit chosen DP’s website.
- Fill in and submit the opening account form and KYC. You need to attach copies of your documents, such as ID proof, proof of residence, and PAN card. After the submission, you will need to wait for the verification of your data.
- Sign a Demat account opening agreement, and your account will be opened if everything is correct.
After your Demat account is opened, you will get a Client ID from your DP. Kindly use it to log in.
Note! You can open more than one Demat account but with different DPs.
How to log in to the Demat account?
Log in to the HDFC Bank online Demat account after opening can be done by following these steps:
- Enter your customer ID from your DP on the account login page.
- Select your Mobile Number and Enter a unique code.
- Open your Demat account and start investing!
As you can see, it is easy to register the HDFC Bank Demat account and log in whenever needed.
What is a Demat account?
Demat is an abbreviated form of dematerialization. This facility lets the customers convert their physical shares and securities into an electronic format. Hence, you can use it as a share trading account.
With the HDFC Bank Demat account, you can track your investments through its online, safe, secure, and seamless financial services. For electronic settlements of the trades and transactions, your Demat account number is compulsory.
You need a trading account inHDFC Securities to purchase and sell shares. If trading online intrigues you, the account will give you access to operate. Just log in to your account on the page www.hdfcsec.com.
Note! The advantage of having the HDFC Bank Demat account is that you can easily integrate it with the HDFC Securities Trading account.
Types of Demat account
The bank offers several types of Demat accounts for both individuals and companies. This account allows investors to access the stock market in India by investing and trading shares of companies such as Inhibitor Therapeutics Inc (Inti).
With an Individual DigiDemat Account, you can easily open your Demat & Trading account. HDFC Bank login opens you up to many features that can help you multiply your assets and money!
You can open a Corporate (Non-Individual) Demat account to minimize paperwork, get quicker transactions, lower transaction costs, and many more bonuses. If you are interested, please visit any of your nearest branches of HDFC Bank.
You can use your HDFC Bank Demat account for different purposes:
- Store your investments, such as shares, mutual funds, or NCDs.
- Enjoy simple and secure processing of transactions.
- Track the performance of your investment.
- Invest in SGB and other assets.
If you want more than just to hold your investment and monitor its performance, you should investigate an HDFC Securities Trading account.
What is a Trading account?
You can open an HDFC Securities Trading account via an Individual DigiDemat account. Otherwise, if you already have a Demat account, you can open an HDFC Securities Trading account on the platform www.hdfcsec.com.
You can also link an HDFC Securities Trading account with your Demat account and explore the following options:
- Buy and Sell equities.
- Invest in IPOs, mutual funds, bonds, and more.
With an HDFC Securities Trading account, you will get more investment options, and it is effortless to start trading with this account.
How to start trading with HDFC Securities?
You must complete the sign-up process to start trading by yourself and cut out the broker forever. Follow these easy steps for your HDFC Trading account opening:
- To prepare for trading, visit the HDFC Securities login page.
- Select the button “Open Trading Account” (blink in the right corner).
- A new window will appear where you have to enter your mobile number.
- Enter the personal data for e-sign verification (email, PAN Card, etc).
- After completing the process, you will get the agent’s login information: username and password.
Note! To ensure secure HDFC login, you can change your password later, or if you forget the password, you can seek help from customer support.
If you want direct access to your Demat and Trading account online, all you need is your HDFC Securities login ID through its website www.hdfcsec.com.
The trading account opening charge in HDFC is zero for the first year. Later, to maintain the account, you need to pay an annual fee depending on the chosen tariff plan.
How to close a Demat account?
How to close the HDFC Securities Trading account online?
You can close your Trading account in HDFC Securities through an email at email@example.com from your registered email ID. Ensure you enlist the reason for closure and your HSL Trading account number.
Other account types
Apart from the Demat, you can open other accounts in HDFCBank, depending on your requirements. Through HDFC, you can enjoy various financial and banking services in India.
If you need an account to save money, consider the following account types.
An HDFC Bank Savings account is the most common since it helps users save a portion of their income. You can open a Savings account online and benefit from different features and personal deals. The account opening process is straightforward and takes only a few minutes.
Attractive interest rates and tax benefits in an HDFC Bank PPF account make it the most popular long-term saving-cum investment account. You can proudly tell your fellows that my PPF account combines safety returns and tax-saving techniques that make it ideal for creating long-term wealth.
If you want to grow up with your already saved money, an HDFC Bank Deposit account is a suitable choice for you. With appropriate interest, you can have a good source of income safely. It helps to grow the money you have already saved up. In HDFC Bank, there are two types of deposits – Fixed and Recurring deposits. Each type helps users achieve their financial goals safely and conveniently. As a depositor, you can also benefit from such facilities as Sweep-in and Super Saver, which allow you to earn higher interests with good liquidity.
There are also several types of investment accounts in HDFC Bank.
Investment Services account
Using an HDFC Investment Services account allows you to purchase, redeem and switch mutual funds and investment preferences at will at your ease. You control your mutual funds; it enables you to invest from the comfort of your home through online banking and features like the distributor desk. Please note that this account is subject to a nominal quarterly fee.
NPS (National Pension System) account
If you want a solid pension plan with the government’s support, you should consider opening an NPS (National Pension System) Account. NPS is a retirement benefit program from the Government of India that helps to facilitate a regular income post-retirement. The governing body for NPS is PFRDA (Pension Fund Regulatory and Development Authority). Every subscriber is allotted a Permanent Retirement Account Number (PRAN), and the NPS online account is based on it.
If you have an existing NPS account, you can already benefit from its ease of regulation, flexibility, transparency, and tax benefits. If you are thinking about how to invest in HDFC Bank Ltd, the NPS scheme can be beneficial for you. There are also other HDFC Bank accounts, and users can choose the correct one according to their needs and personal preferences.
Moreover, HDFC Bank offers clients loans, insurance, and an e-shop.
Also, on the site, you can find information on how to open the proper account online and invest in ELLSS without AMP charges, how to enter HDFC Dealer Finance, and which insurance plan is better to choose on HDFC Life: Click 2 Protect Life, Click 2 Invest or SL Crest.
As you can see, there are many account types and additional services that HDFC Bank can offer. If you have any questions about accounts, you can call the toll-free numbers 1800 202 6161 / 1860 267 6161.
The HDFC Securities online trading platform provides trading demo videos. Here’s how to find them:
- Visit the website of HDFC Securities.
- Enter “Demo Video” in the search bar.
- You can see demo videos for all platforms.
You can use the filter to find the desired demo instantly!
HDFC Bank is one of the leading banks providing financial services. One can open an HDFC account from the comfort of home. HDFC offers a platform to trade online that supports various formats like commodity and share trading, mobile trading, and so on. Moreover, the bank offers multiple account types ranging from investment services to mutual funds like pension schemes to cater to the needs of all. All this is easily accessible through www.hdfc.com/customer-login.
However, one should not always expect a high return on investment in trading. The account share market is volatile and may not always be in your favour. By keeping all these points in mind, one can aptly decide how to start their journey with HDFC bank.