HDFC Bank Demat Account

Updated: 12-04-2024 05:53:15 AM

The HDFC or Housing Development Finance Corporation is a type of public trading company of Indian origin, which is currently involved in various businesses including retail banking and consumer financing. This bank was first incorporated in the year 1994. The company mainly deals in offering financial services to the people and has its headquarters in Mumbai, Maharashtra, India. Currently, HDFC works with a total strength of over 90,421 employees. In terms of assets, this bank is India’s second largest private sector bank and as far as market capitalisation is concerned, this bank is India’s second largest bank. Not only this, this bank has also been able to spread its wings globally. Bahrain, Dubai and Hong Kong are some of the countries where HDFC’s representative offices are present. HDFC bank branches are spread across 2,597 cities with more than 4,555 bank branches and 12,087 ATMs.

HDFC bank offers a wide range of different types of accounts to all the customers. These accounts help the customers make profitable investments and earn interest. The different types of accounts offered by HDFC Bank include:

• Savings Account- the HDFC savings account which is very user friendly as far as account opening is concerned. This account helps the account holders to issue cheques and it offers facilities like net banking, phone banking, Bill Pay, etc. that is available 24 hours a day and without any charge.
• Demat Account- the demat account offered by HDFC Bank enables the account holder to get a complete waiver on the Annual charges of Rs. 750 for the first year. Again, the account holders also has the option to lessen their annual charges from the second year onwards by making more and more financial transactions in the account held by them.
• Trading Account- through trading account of HDFC bank, the account holders can easily make financial transactions as per their wish. These transactions can be carried out with the help of internet, tele-calling, bank branches and also through various mobile trading applications available in the market like Android, iPhone, Blackberry, Nokia smart phones etc. Not only this, the trading account holders can also acquire solutions regarding their investments based on their needs and requirements. The following are the features of trading accounts:a.) The account holders get free of charge latest research reports.
  b.) These facilities are available round the clock.
    c.) Any queries on the part of the account holders can be resolved through the facility of live chat.
  d.) The account holders get timely stock alerts that are already defined and tailor-made for them.
  e.) The tools that the official website of HDFC Bank offers are the latest and very advanced.
    f.)  Again, the account holders have the option to regularly check the performance of their portfolios.