Does anybody know about HDFC demat services? I would pay if I am satisfied.?

Question

I want to know about the limit card charges(turnover charges)?

Is it worse than reliance money service because I have had experience of demat acc. with rel money and they are dacoits. Their limit card charge is 500 for two months and margin turnover of 1 crore. But in reality in options trading if you turnover increases to 40,000 they will deduct 500 rupees. Does same thing haooen in HDFC? Please advice me about same. Anyone having sound knowledge of these issues is welcome. I am ready to pay that person as well if he can find a way out of this for me? I mean to say suggest me with correct knowledge( Your advice should be helpful to me) In summary I just don't want to pay limit charges for turnover of mere 40,000. It is OK if I have to pay brokerage or anything , even limit charges but turnover shud in reality be 20-30 lacs. I don't understand if limit is 40,000 then why don't they mention clearly this amount , why they mention margin turnover of 1 crore.

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Answer 1

ya same problem facing many customers and most of they opened their account with another broker and transferred their holdings too. I think this is advisable to you also. Just 2 days back i got one customer who is having same problem. He is trading in options but we dont hav such limits and charges. If you interested contact me personnaly i will help you

thanks

khare

Answer 2

your are first asking for demat services but in the explantion of your question you are giving details of your trading activies.

Demat services of HDFC Bank are very very good and the charges are exacly as per sebi/nsdl guidelines.

for trading also HDFC securities is quite reasonable. no hidden charges at all.

visit the nearest branch of HDFC bank and open three in one account with them i.e. savings bank account,demat account and trading account,you will get very good and transparent service

Answer 3

HDFC Bank Ltd and HDFC Securities Ltd are both good and well run organizations. And it is expected that you would not face the problem you have described above when dealing with and through them with respect to your stock market and F&O transactions.

Given the nature of the circumstances faced by you, we would recommend that you go to any HDFC Bank Ltd Branch at your location or neighbourhood; and meet the branch manager.

State your case as clearly as possible. Thereafter, the branch manager would put you through to the HDFC Securities Ltd. When you meet the HDFC Securities manager, you may consider clarifying all your quaries before opening any accounts.

To open your 3-in-1 account you would be required to do so through the HDFC Bank Ltd Branch at your location or neighbourhood.

Not mentioning any names, but we too had to shift our accounts from one brokerage organization to another due to a similar (but not identical) set of circumstances faced by us.

Wishing you all the best.

Sincerely,

Akash

http://www.narachinvestment.com

http://www.narach.com

http://www.narachphilosophy.com

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