[Resolved]  HDFC Bank — High brokerage

Address:

East Delhi, Delhi

Sir, i had opened accounts (Alongwith demat account) of my family member in hdfc bank at anand vihar branch east delhi and became classic customer.The bank is charging very high brokerage i.E,minimum rs25/-excluding stt and other charges. This inflamable brokerage is very high in compare to other banks like icici,kotak etc.I had spoken to staff concern of hdfc but could not get satisfactry reply.



The agent of bank had not described the correct brokerage plan at the time of opening a/c. Howevever,this is mistake on my part as i have not studied the rule and regulation and believed on agent.Due to which i have been trapped in hdfc bank. Icici bank is charging minimum rs.17/-. Is hdfc bank a special bank charging rs25/-as a minimum brokerage ? I am totally disappointed to discuss on the matter with hdfc staff member. No positive
Action could be taken. There is no such broking house charging high minimum brokerage like hdfcsec. It is clear that hdfc sec. Is looting demat account holders. The minimum brokerage is rs.25/- without tax is not understood
Is it a special bank charging such amount ? The plus point of bank is that the website of hdfcsec is appriciable as it opens in a just click and format/design of trading is also good.Looking these auspects, i had started trading through hdfc.But disappointed with the high brokerage being charged.

In this connection, i have been trapped to open the account with such hopless bank.
I did a blunder mistake to discontinue the icici demat where i was trading earlier. However, icici bank may be better than in concern to minimum brokerage.
I will not recommend any one to deal with hdfc bank looking to high brokerage amount. Once again i will request hdfc sec. To consider the minimum brokerage and fix at par with icici bank or other broking houses.

A.K.Khanna