What are Account Maintenance Charges in HDFC Securities?
Full-service broker HDFC Securities has a blended pricing strategy for each market area. For Equity Intraday, Delivery, and Futures, the company charges a minimal brokerage of Rs 25. Since its introduction in 2000, it has been a popular trading platform on both the NSE and the BSE. With its cutting-edge interface, it makes all functions simple and transparent. Being a full-service broker, it offers customers regular trend analysis, trading suggestions, and complete hand-holding on financial planning, depending on the customer’s portfolio and needs.
The firm also offers users a 3-in-1 account option and a top-notch research team for a streamlined trading experience. However, there are account maintenance charges applicable on the brokerage accounts. Maintenance charges are a fee levied by full-service brokers like HDFC Securities for proper handling and maintenance of your brokerage account and the holdings.
Maintenance Charges Levied By HDFC Securities
A Demat account requires Rs 750 in annual maintenance fees, which HDFC Securities will withdraw from your account even if you haven’t traded in a year. The trading account, however, does not attract any maintenance fees.
| Transaction | Charges |
|---|---|
| Demat Account Opening Charges | Rs 0 |
| Demat Account Annual Maintenance Charges AMC (Yearly Fee) | Rs 750 |
| Trading Account Opening Charges (Applicable One Time Only) | Rs 999 |
| Trading Annual Maintenance Charges AMC (Yearly Fee) | Rs 0 |
In addition, when purchasing or selling stocks through HDFC Securities, the customer must pay a commission. So, take into account if you are about to open your brokerage accounts with HDFC Securities.