Step-by-Step Guide to Add a Bank Account in HDFC Securities Online

For effective management of finances, proper handling of transactions during trading and investment activities is crucial. HDFC Securities is one of the top stockbrokers in India, which allows users to add multiple bank accounts to their trading and Demat accounts. The procedure is fully automated and digitally advanced. Users can easily change banks, add a joint account, or set up a separate account for transferring funds related to investment accounts. This article provides a detailed guide on how to easily add a bank account to HDFC Securities online without having to visit a branch or complete forms.

Why Add a Bank Account to HDFC Securities?

Before discussing how to add bank account in HDFC Securities online, here are some reasons why investors should add a bank account to their trading platform. 

• To facilitate smooth fund transfers.
• For better management of investment capital.
• For dealing with dividends, refunds, or proceedings. 
• To take over the centre’s operations if the old bank shuts down.

How to Add a Bank Account in HDFC Securities Online

Below are the steps you need to follow to add a bank account to your HDFC Securities account online:

Step 1: Log in to the HDFC Securities Portal

In the first step, you need to visit the official HDFC Securities website, or you may open the HDFC Securities mobile app. Click on the ‘Login’ button at the top right corner of the page. Enter your User ID and Password, or log in using your registered mobile number and OTP (if available). 

Step 2: Navigate to 'My Profile'

Once you have logged in, click on ‘My Profile’ or ‘Account Settings’ under the user menu. Inside your profile dashboard, go to the ‘Bank Details’ or ‘Linked Accounts’ section. Here, you'll find a list of your existing linked bank accounts.

Step 3: Click on 'Add New Bank'

Click the ‘Add Bank’ or ‘Add New Account’ button. A form will appear asking for details like:

• Account Holder Name
• Bank Name
• Account Number
• IFSC Code
• Account Type (Savings/Current)

Step 4: Upload Bank Proof

Once the form is filled out, you may need to upload a clear, cancelled cheque, bank statement, or passbook as proof. The file format allowed is PDF, JPG, and PNG (as specified on the site). Once everything is uploaded, you will receive an OTP (One-Time Password) on your registered mobile number/email. Enter the OTP to confirm the request.

Step 5: Submit the Request

Once all the details are entered, click ‘Submit’. A confirmation message will appear, and your request will be processed. It usually takes 1–2 working days for the new bank account to be verified and linked. You’ll get a notification via SMS or email once it’s done.

Conclusion

Adding a bank account to your HDFC Securities trading or Demat account is a swift and mandatory step to facilitate smooth and flexible management of funds. The procedure is completely online, which does not require physical visits or paperwork. HDFC Securities enables users to manage multiple bank accounts for hassle-free transactions, dividend credits, and IPO refunds. For more detailed information, check out the Value Broking website, which provides comprehensive educational resources on trading and investing. Following the above steps, you can effortlessly update your bank details and upgrade your overall trading experience.