HDFC Bank Securities — depository charges

sadiks

from Chennai, Tamil Nadu

Sep 30, 2017

Address: 600082

Website: toli

Sir,
My name is sadik - i am using demat account[protected] since 2010, from 2012 onwards i haven't used my account - have some shares 3i infotech - 600 numbers and varun industries - 90 shares, varun is not in market now, i don't know what need to do about those shares, in my saving account demat was deducted twise in a same month 11th and 15th sep 2017 - i don't know what the reason behind this - i haven't purchase nor sale any shares - details below:
15 sep 2017 depository charges aug[protected] sep 2017 354.67
11 sep 2017 depository charges aug[protected] sep 2017 530.33

I tried to ask bank no proper response, please advice me the reason for deduction - or tell me the procedure to close this account.

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HDFC Securities customer support has been notified about the posted complaint.

Sep 30, 2017

Updated by sadiks my contact number is [protected] - sadik

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Comments

Jemy

from Mumbai, Maharashtra

Nov 11, 2017

i found this when i googled.
"Each time a share is sold, the investor is debited a small fee known as DP charges which is in the range of ₹10–25 per transaction. Stockbrokers / Depository participants charge 350 - 600 per year in terms of Annual Maintenance charges for the demat account."
You may chk with your respective depository unit.