- Can I open Demat and Trading Account Online?
Answer: Yes, you can open a Demat and Trading account online with most stockbrokers including HDFC Securities. The online account opening process is convenient and easy, and it can be completed from the comfort of your home or office.
- How to Activate Trading Account for HDFC Securities online?
Answer: Once you have opened a trading account with HDFC Securities, you will need to activate it before you can start trading. Here are the steps to activate your HDFC Securities trading account online:
- Log in to your HDFC Securities trading account using your login credentials.
- Go to the “My Account” section and click on the “Activate Account” option.
- Select the segment in which you wish to trade (Equity, Derivatives, Currency, or Commodity).
- Read and accept the terms and conditions.
- Enter your bank account details for fund transfer.
- Generate and sign an electronic Power of Attorney (PoA) form, which authorizes HDFC Securities to debit or credit your trading account.
- Upload a scanned copy of the signed PoA form.
- Verify your details and submit the activation request.
Once your activation request is processed and approved, your trading account will be activated. You will receive an email confirmation of the activation, and you can start trading in the segment you have chosen.
- How Much Time It Takes To Activate Demat Account in HDFC?
Answer: The time taken to activate a Demat account in HDFC Securities can vary depending on several factors such as the completeness and accuracy of the account opening form, the verification of your documents, and the processing time taken by HDFC Securities. In general, the activation of a Demat account in HDFC Securities takes around 2 – 24 working hours.
- Is HDFC Securities Good For Trading?
Answer: Yes, HDFC Securities is a well-established and reputed stockbroker in India, and it is considered to be a good option for trading.
- What is minimum Balance Required To Open Demat Account in HDFC?
Answer: A Demat Account does not require any ‘minimum balance’ of shares or financial securities to be held in it.