[Resolved]  HDFC Bank — Fraud in Demat A/c by HDFC executive

Address:

Karnataka

I completely agree with this complaint.
I was offered a Trading A/c and was told that only 1 time 750/- will be charge and then it will be free for lifetime.
Recently, I came to know that they have deducted 550/- for Demat A/c.
When I called care centre (which is also buggy like the bank), I was told that Demat A/c gets opened along with Trading A/c and Demat is charged 550/- yearly as maintenance charge.
Such details was never told to me by HDFC executive. He simply told that you can pay one time 750/- and keep this a/c for lifetime free. The charges will be decuted only when you do buy/sell of shares.

I thought, only HDFC credit card executives are fraud, but the same is true for the demat a/c executive.
As a bank HDFC might be average, but never trust their representative, who ask you to open a/c or take credit card. I have multiple bad experiences.
Beware of HDFC.