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HDFC Securities Account Opening Review | Open 3-in-1 account

HDFC Securities Account Opening Review

Discount Broker·NSE, BSE, MCX

4/ 5 by InvestorGain Team Rate

HDFC Sky is India’s only bank-backed discount stockbroker, launched by HDFC Securities to offer low-cost, modern, app-based investing. With free account opening, zero AMC for the first year, flat ₹20/order brokerage, and access to HDFC Securities’ research and advisory, HDFC Sky has quickly become a strong choice for beginners and active traders alike. Its clean user interface, smart trading tools, and multi-asset investment options make it one of the most balanced discount brokers in India.

Open Free Account

₹Free

A/C Opening

₹0.1% or Rs 20

Eq Delivery

₹0.1% or Rs 20

Futures

₹Flat Fee Rs 20

options

4★

Overall Rating

Want to trade with HDFC Sky, at first, set up an HDFC Sky account online with no paperwork. You can open a free demat and tradingaccount at Rs 0 fee. Yes, the new-age discount stockbroker allows residents to open a free account and also, the demat account maintenance charges (AMC) are minimal at just Rs 240 per annum.

Read more about the HDFC Sky online account opening process, documents required to be submitted for KYC, account opening forms, charges, and brokerage fees. Also, check how to close your account in HDFC Securities to switch to HDFC Sky?

HDFC SKY Account Opening Charges

Is HDFC Sky offers free account opening? Yes, there are no charges to open a demat and trading account with HDFC Sky. Also, the demat AMC charges look highly competitive at just Rs 240 annually + GST, lower than other top discount brokerage houses like Zerodha and 5paisa.

HDFC Sky Demat Account Opening and AMC Charges

Transaction	Charges
Trading Account Opening Charges	Free
Trading AMC	Free
Demat Account Opening Charges	Free
Demat AMC	Rs 240 PA (Free for 1st year)

Why open account with HDFC Sky?

Part of a popular full-service broker, HDFC Securities
No account opening fee
Zero AMC for the first year.
Instant account opening digitally
Rs 20/order brokerage on all intraday and delivery trades.
Free mutual fund investment
Trade via app or web platform
Free access to HDFC Securities trading tips and research reports
MTF trading at 12% interest

How to open HDFC Sky Account Online?

Open HDFC Sky account online in a completely paperless way. If you have linked your Aadhar card to your mobile number, you can open HDFC Sky Demat account online in just 15 minutes. The online account opening process is digital and less time-consuming as you can open an account and start trading or investing on the same day.

Open HDFC Sky trading and demat account and experience a seamless investing journey at no hassle.

Steps to open HDFC Sky Demat and Trading Account online;

Open HDFC Sky app or web portal.
Sign up: Enter your e-mail address, mobile number, and enter a 4-digit OTP to verify details.
KYC verification: Enter PAN number, DOB, and tap on proceed to verify KYC.
Identity verification: Upload a front-side picture of your PAN card and enter your name, father's name, and PAN number.
Video KYC: Capture a selfie and upload to complete the video KYC process.
Personal details: Add details like name, nominee (optional), marital status, occupation, income, etc.
Add bank account: Select your bank name and add the IFSC code and bank account number to verify your bank details.
The system will send Re 1 to your bank account for verification.
Select your trading experience i.e., no experience, 1 year, 2-3 years, etc.
Select exchange/segments i.e., BSE and NSE and derivatives, commodity, and currency.
To trade in F&O derivatives, upload a salary slip, or 6 months bank statement, or the latest ITR.
The system will show segment-wise brokerage details. HDFC Sky charges a maximum Rs 20 brokerage across segments.
Upload your signature on plain paper and tap on the e-sign form.
Accept the terms & conditions and proceed to e-sign.
Enter your Aadhar number and enter OTP to digitally sign both the KRA and account opening form.

HDFC Sky Account Opening Documents required

Below is the complete list of documents you have to provide to HDFC Sky to open a trading account;

PAN card
Aadhar card as your ID proof
Bank account proof
Take a selfie or upload a recent photograph for in-person verification.
Your signature.
Income proof: Only required to provide, if you want to trade in the derivatives segment.

Note: Additionally, you have to e-sign the KRA submission form and account opening form digitally using Aadhar-based OTP validation.

HDFC Sky Account Activation Status

Once you have requested to open HDFC Sky trading account you have completed all the steps successfully and digitally signed the forms. Your account setup process is completed at your end, now all the details will undergo the verification process by the HDFC Sky customer service team. And, the demat and trading account will be opened in 2-3 working days.

Once your account gets activated, you will receive an email from the broker with your HDFC Sky account user ID and password. Use the account credentials to log in to the HDFC Sky app and website.

How to switch from HDFC Securities to HDFC Sky?

If you already have a trading cum demat account with HDFC Securities and now, you want to switch to HDFC Sky discount broking platform. You have to close your existing HDFC Securities account through the E-closure facility and open a new account with HDFC Sky. You can only close your account if you have no pending dues, open positions, and no negative balances.

HDFC Securities allows customers to close their accounts online through the e-closure portal. There are no charges to close your account. Follow these steps to initiate your HDFC Securities demat account closure process;

Log in to the HDFC Securities E-closure portal
Enter the OTP on your registered mobile number and email.
Tap on E-sign now and accept the terms & conditions.
A pre-filled account closure form will be displayed on the screen.
Click on the Sign Now option and enter your Aadhar number.
Enter OTP on your mobile number linked with your Aadhar card.
A message will be displayed that your application has been submitted successfully.
You can also download the signed account closure form.
Your trading and demat account with HDFC securities will be closed within T+ 2 days.

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Popular Comparisons

Feature
Plan Name	Rs 20 Plan	Rs 20 Plan	Rs 20 Plan
Overall Rating	★ 4.5	★ 4.5	★ 4
Equity Delivery	Free	0.1% or Rs 20	Flat Fee Rs 20
Intraday	0.03% or Rs 20	0.03% or Rs 20	Flat Fee Rs 20
Account Opening	Free	Free	Free
AMC (Annual)	Rs 300 PA (Free for 1st year)	Rs 240 PA	Rs 300 PA
Max Brokerage	Rs 20	Rs 20	Rs 20
	Open A/C	Open A/C	Open A/C

Frequently Asked Questions

1. How to add funds to HDFC Sky account through UPI?−

UPI is the most convenient option to transfer money to your HDFC Sky account for free. Here is the process to add funds through UPI;

Log in to the HDFC Sky app.
Go to funds menu and tap on the “Add Funds”.
Select UPI as a mode of payment.
Enter amount you wish to transfer, and your virtual payment address (UPI ID).
Tap on continue and you will be redirected to your payment gateway.
Accept the fund transfer request on your UPI app.
Once transaction is done, the funds will be added to your HDFC Sky trading account.

2. How to withdraw money from HDFC Sky Demat account?+

Follow below steps to withdraw funds from HDFC Sky Trading account;

Log in to HDFC Sky account on web or app.
Click on withdraw funds option under the funds tab.
Enter the amount you want to withdraw and tap continue.
Your fund withdrawal request is successfully placed.
Funds will be credited to the linked bank account.

3. Is there any maximum limit to add funds in HDFC sky app using UPI?+

Yes, although adding money to your HDFC Sky trading account using UPI is simple, convenient, and free, but it allows maximum fund transfer of up toRs 1 lakh.

You can add a minimum of Rs 100 to a maximum of Rs 1 lakh through UPI to your HDFC sky account.

4. How to log in to the HDFC Sky Account?+

You can log in to the HDFC Sky trading account on mobile application or trading website. Here’s the process to log in to our HDFC Sky account :

Go to the web or app login page.
Enter your client id or email id or mobile number, and password.
Enter the OTP you have received on the registered mobile number.
Tap on submit and your account will be logged in.

5. Who can open HDFC Sky account?+

Any resident in India can open a HDFC Sky account. The broker allows residents to open a 2-in-1 account means trading and demat account.

You can use HDFC Sky account to trade or invest in equity, derivatives, commodities, currencies, mutual funds, and even invest overseas in US companies.