HDFC Sky Account Type

HDFC Sky offers a variety of trading account types tailored to meet the needs of different investors. The primary account type available is the 2-in-1 account, which combines a trading account and a demat account. This allows users to trade in various asset classes, including equities, derivatives, commodities, currencies, mutual funds, and even invest in US stocks. The account features zero account opening charges and no maintenance fees for the first year. Additionally, HDFC Sky charges a maximum brokerage fee of ₹20 per order across all segments, making it a cost-effective choice for traders.

HDFC Sky Broker Account Opening Process

Opening an account with HDFC Sky is a straightforward process that can be completed digitally. Heres a step-by-step guide:

• Visit the HDFC Sky Website: Go to the HDFC Sky official site to start the account opening process.
• Fill Out the Application Form: Provide your email address, mobile number, and verify it using an OTP.
• KYC Verification: Enter your PAN number and date of birth, and proceed to verify your KYC.
• Upload Documents: Submit the required documents for identity and address verification, including your PAN card and Aadhaar card.
• Complete Video KYC: Capture a selfie and upload it to complete the video KYC process.
• Bank Verification: Link your bank account by providing the IFSC code and bank account number. A small amount will be sent to your account for verification.
• Select Trading Experience: Indicate your trading experience and choose the segments you wish to trade in, such as BSE, NSE, derivatives, etc.
• E-Sign Documents: Digitally sign the account opening form and KYC documents using an Aadhaar-based OTP.
• Account Activation: After verification, your account will be activated within 2-5 working days, and you will receive your user ID and password via email.

By following these steps, you can easily set up your trading account with HDFC Sky and start trading in various financial instruments.