Comment on POA - Power of Attorney for your Demat account

Nithin Kamath commented on 24 Feb 2014, 09:35 PM

Vijay, if you map your HDFCSEC demat, you will be able to buy which will be seamlessly transferred to your HDFC demat, but you will not be able to sell it through us. HDFC will not let you map that demat to us using POA.
There is no charge for depositing share to the demat, with us or HDFC, the DP transaction charge is applicable only when you sell shares and shares are debited from your demat account. I am sure HDFC will be charging you a DP transaction charge, you can probably find it on the ledger.


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