Question:

What are the requirements for opening a clearing member demat account with HDFC bank?

by Guest6464  |  12 years, 7 month(s) ago

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I am writing an article on India HDFC Bank. I want to know, What are the requirements for opening a clearing member demat account with HDFC bank?

 Tags: account, bank, Clearing, demat, HDFC, requirements

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  1. Guest71
    The requirements are the same as that of opening a corporate demat account. Additional documents required are:-

        * SEBI certificate.
        * Stock Exchange Letter.

    In case the clearing member is shifting his account from another DP, then the closure letter acknowledged by the other DP is also required. Note :- Clearing members are permitted to open only one account per Stock Exchange.

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