HDFC Bank — Securities trading and demat--

Address:

600102

I have opened a savings account with the bank at anna nagar, chennai.
In order to open a trading account and demat facility, the bank is insisting on my signing a power of attorney form (Which allows the bank to hypothecate, sell etc) of any holdings.
I have serious objections to such a demand, which is almost coercive., and uncalled for. Mine is not a borrowing account.
Matter is known to branch manager ms. Kavitha. This is about one month old.
While the bank professes attention and care, this is an example of bureaucracy and indifference, to what the customer is saying.
Would you please set right your attitudes.?
Vijayalakshmi
Cell [protected]