Account Opening Charges
When you open an HDFC Securities Demat account, there is typically a one-time account opening fee. This fee covers the cost of processing your account setup and enabling you to start trading.
Annual Maintenance Charges (AMC)
HDFC Securities charges an annual maintenance fee to keep your Demat account active. This fee is usually deducted automatically from your linked bank account or brokerage account each year.
Transaction Charges
Every time you buy or sell securities through your Demat account, transaction charges are applied. These fees can vary based on the type of security and the volume of transactions.
Dematerialization Charges
If you convert physical shares into electronic form, HDFC Securities may levy dematerialization charges. This process ensures your securities are held securely in your Demat account.
Securities Transaction Tax (STT)
STT is a government tax applied to the transaction of securities. This tax is included in your transaction charges and is mandatory for all eligible transactions.
Other Applicable Fees
Additional fees may include charges for account transfers, freezing of securities, or retrieving securities in physical form. It's important to review the fee schedule provided by HDFC Securities to understand all potential costs.
Conclusion
Being aware of the various charges associated with your HDFC Securities Demat account helps you manage your investments more effectively. Always refer to the latest fee structure to ensure you are informed about any changes or updates.
