[Resolved] HDFC Bank — demat charges refund

[Resolved] HDFC Bank — demat charges refund

V Vinay Kumar Kodidala

Hello sir, This is in reference to the transaction made in my account under the header of depository charges; without any intimidation by the hdfc bank. Kindly be informed that an amount of rs 885.00/- was deducted from my savings/salary account on 13th august 2019 and i was charged since 2017 under the name of depository charges. Initially when i opened a salary account with that demat account, they forced us to open without intimating us that they are going to charge annual fees. Now all of a sudden they have charged rs 885.00/-.. This is very bad and disappointing. And i have never used the demat account till now. Even there is no message after the depository charges are applied to me through message or mail. And after all we are working hard and earning money. Kindly suggest how do we proceed with the same to ensure that in future, no such issue is encountered. Also, i request you to please refund the deducted amount to my salary account. Demat account id :[protected] Thanks and regards, Shalini Chennai Was this information helpful? No (0) Yes (0)
Aug 6, 2021 Complaint marked as Resolved HDFC Bank customer support has been notified about the posted complaint. Verified Support May 15, 2020 HDFC Bank Customer Care's response Dear Customer, We would like to inform you that the regulatory guidelines stipulate that Demat accounts can be closed only on receipt of valid closure requests received from the customer. Hence, we request you to please submit the closure form to any of our branches offering depository services. The form has to be duly signed by all the account holders. The form has to be submitted to the branch in person (at least one of the account holders) incase of transfer cum closure cum waiver request. To process the same, we request you to submit any one self attested copy of valid proof of identity which is mandatory for all the holder(s) viz PAN card, passport, Voter ID card, Driving license etc. There are no closure charges involved if the closure constitutes transfer of securities to another Demat account having identical name(s), identical PAN and order. For example, there are no off market transaction charges if all the securities are transferred from the Demat account in the name of Mr. Ramesh Tandon to another Demat account which is the name of Ramesh Tandon. The off market transfer charges in such a case shall be waived, subject to submission of the following documents by the account holder during closure: Annexure Q (copies enclosed) duly filled & signed by the account holder(s) with target DPID and client ID correctly filled up Duly certified (signed and stamped by the receiving DP) Client Master List (CML) or Original Crystal Report (CR) in case of CDSL Accounts obtained from the target Participant with whom the client has opened a new Demat account or maintains a Demat account Statement of Holding of the source account duly self-attested by the account holder. All unused delivery instruction slips (DIS) to be cancelled and surrendered along with the Annexure Q IMPORTANT: If all the above requirements are not met the waiver of off market charges will not be extended to you and you will be charged for the transfer to the other Demat account as per the tariff schedule agreed at the time of opening of Demat account. We request you to provide de-linking instructions separately for e-broking/online trading account. You may also contact HDFC securities at [protected]@hdfcsec.com to get additional clarifications. Also, Kindly note that, Demat account held in sole name with nil holdings and no outstanding Demat charges can be closed based on email insctruction from your registered email id to [protected]@hdfcbank.com along with your 8 digit demat account number (can be viewed under HDFC Bank Net Banking>>>Demat Tab) and DP ID Please find the soft copy of the demat closure request form below: https://bit.ly/3cBFMqp For the complete address and contact details of our Demat service providing Branches, Please visit the following URL https://bit.ly/3bBpRHn -Zubin HDFC Bank Customer Assistance
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