HDFC Sky Account Type

HDFC Sky offers a variety of account types tailored to meet the diverse needs of its clients. The primary account type available is the 2-in-1 account, which combines both a trading account and a demat account. This account allows users to trade in various asset classes, including Indian equities, derivatives, commodities, currencies, mutual funds, and even international stocks. The HDFC Sky account features a flat brokerage fee of ₹20 per executed order across all segments, making it a cost-effective option for traders.

Key Features of HDFC Sky Accounts:

• Free Account Opening: No initial charges for opening both trading and demat accounts.
• Zero AMC for the First Year: The annual maintenance charge for the demat account is waived for the first year.
• Access to Global Markets: Ability to invest in US-based stocks and ETFs.
• Flat Brokerage Fees: ₹20 per order for all trades, regardless of the trading volume.
• Comprehensive Investment Options: Trade in over 3,500 stocks and 100+ ETFs, along with access to more than 2,000 mutual fund schemes.

HDFC Sky Broker Account Opening Process

Opening an account with HDFC Sky is a straightforward and paperless process. Heres a step-by-step guide to getting started:

• Visit the HDFC Sky Website or App: Go to the official HDFC Sky website or download the HDFC Sky app.
• Sign Up: Enter your email address and mobile number, then verify your details with a one-time password (OTP).
• KYC Verification: Provide your PAN number and date of birth, and proceed with the KYC verification process.
• Upload Documents: Upload necessary documents for identity and address verification, such as your Aadhaar card and a recent photograph.
• Complete Video KYC: Capture a selfie and complete the video KYC process for verification.
• Bank Account Linking: Add your bank account details, including the IFSC code and bank account number for fund transfers.
• Trading Experience: Indicate your trading experience and select the exchanges/segments you wish to trade in.
• E-Sign Documents: E-sign the KYC and account opening forms using your Aadhaar-linked OTP.
• Account Activation: Your account setup will be completed within 2-3 working days, after which you will receive your user ID and password via email.

By following these steps, you can quickly open your HDFC Sky trading and demat account and start your investment journey.