HDFC Securities NRI Account Review

HDFC Securities, the Mumbai-based full-service broker offers a 3-in-1 NRI account opening facility for trading & investment. With a 3-in-1 account, NRIs can trade & invest in various products & services including but not limited to equity, F&O, IPO, ETFs, mutual funds, and bonds & NCDs. Here, on this page, check the complete comprehensive HDFC Securities NRI Account Review with the types of account, benefits, account opening process, charges, brokerage, and others.

HDFC Securities NRI Account Eligibility

NRIs excluding the US and Canada-based NRIs can open a 3-in-1 account with HDFC Securities.

HDFC 3-in-1 NRI Account

HDFC 3-in-1 NRI Investment account combines 3 accounts that are NRI Bank Account, NRI Trading Account, and NRI Demat Account.

1. NRI Bank Account: HDFC NRI Bank Saving Account can be either Non-Resident External (NRE) or Non-Resident Ordinary (NRO) saving account. The former is a bank account opened in India by NRIs to transfer foreign earnings to India however, NRO is an account required to manage the income earned in India.
2. NRI Trading Account: NRIs can trade in equities, derivatives, ETFs, and other instruments through NRI Trading Account.
3. NRI Demat Account: NRIs can open demat account with HDFC Securities Ltd to keep securities in dematerialized or electronic format. Thus, all the securities such as equity, F&O, IPO, mutual funds, ETFs and others are held in demat account.

To open HDFC Securities NRI 3-in-1 account by linking your trading account, demat account, and bank account, leave your information with us and the customer representatives will call you back.

HDFC Securities NRI Products & Services

HDFC Securities NRI offerings include;

• Equity
• Futures & Options
• Exchange-Traded Fund (ETF)
• Initial Public Offering (IPO)
• Mutual Fund (MF)
• Corporate FD
• NPS
• Loan against Securities

Benefits of HDFC Securities NRI 3-in-1 Account

• Trading & investment across various asset classes such as equity, derivatives, mutual funds, IPO, ETF, and others.
• HDFC Securities offers a free NRI demat account facility at zero account opening charges.
• NRIs can avail loan against shares or securities with HDFC Securities.
• Seamless investment as linked PIS account directly reports trade details to RBI.
• Free & unbiased research offerings.
• Access multiple trading platforms i.e. a web-based trading, trading terminal, mobile app etc.
• After Market Orders (AMO): Place buy/sell orders even after market hours.

Key Considerations

• USA and Canada-based NRIs can’t open a 3-in-1 NRI account with HDFC Securities.
• NRO clients can trade in the derivative segment only through NRO account.
• High brokerage charged by the broker.

HDFC Securities NRI Account Opening Process

NRIs need 4 types of accounts to trade with HDFC Securities including NRE/NRO Regular Saving Account, NRE/NRO PIS Savings Account, HDFC Securities NRI Demat Account, HDFC Securities NRI Trading Account. To open 3-in-1 NRI Investment Account, follow the below process;

• At the very first step, you have to download and take a printout of 3 forms;
• NRE/NRO Savings Bank Account Form, Click here
• NRE/NRO PIS Bank Account Form, Click here
• HDFC Securities 4 in 1 online Investment Account, Click here
• Fill all the forms, sign it and send with the required documents to the broker.

HDFC Securities NRI Account Opening Documents

NRIs are required to send a list of documents to the broker for opening a 3-in-1 account, mentioned below

• 2 self-attested photographs of the applicant.
• 2 copies of a self-attested PAN card.
• 2 copies of a self-attested valid passport.
• 2 copies of self-attested valid Visa.
• 2 copies of self-attested OCI card/ PIO card.
• 2 copies of self-attested overseas address proof.
• Income proof to trade in the derivatives segment.

Above mentioned documents need to be attested by a notary public, magistrate, any court, judge, a local banker with bank seal, name, designation and employee code, and Indian Embassy.

If you don’t have NRE/NRO savings account with HDFC Bank Ltd, then you have to open it by providing a cheque amounting Rs. 16,000. NRI clients already have HDFC bank account, don’t need to give such cheque.

HDFC Securities NRI Trading Platforms

All the trading platforms that are being available to an Indian resident are available to NRIs as well, includes the following;

• Mobile Trading App
• Web-based trading
• Blink
• ProTerminal
• Mutual Fund Investment Platform, Digify
• HDFC Securities smallcase
• Voice-enabled trading platform, Arya

HDFC Securities NRI Mutual Fund

HDFC Securities offers mutual funds investment facilities to NRIs, through which, NRIs can invest in different types of mutual fund schemes. They can further check their investment portfolio anytime such as fund NAV, investment value, growth value etc. and also redeem the investment as per their requirement.

HDFC Securities NRI Customer Care

HDFC Securities has a customer support team that is available on phone as well as email. NRIs can connect with HDFC Securities through any mode.

• HDFC Securities NRI Dealing Desk – 91-22-30750141-47
• HDFC Securities NRI helpdesk number - 022-28346685.
• HDFC Securities NRI Fax Centre – 91-22-2834-6690.
• HDFC Securities NRI E-mail - [email protected].