Investing in the stock market is as easy as sending a message on your smartphone. To get started, you need a broker. In India, there are several brokers to choose from, with HDFC Securities being one of them. In this article, we’ll explore how to trade in the stock market through HDFC Securities.
If you want to make your life financial independence and want to create a wealth, then trading in the the stock market stands as a powerful tool for you,
HDFC Securities, a well-established brokerage firm, offers investors a reliable platform to dive into the world of stock trading.
This comprehensive guide will walk you through the process of trading in the stock market through HDFC Securities, providing you with the insights and knowledge you need to get started.
Setting Up HDFC Security Account
Opening an HDFC Securities account is your gateway to participating in the stock market and managing your investments.
1. Visit HDFC Securities Website:
If you want to start you trading carrier with HDFC security then the first step toward opening demat account with HDFC Security is visiting ” HDFC Securities website ” Go to the official HDFC Securities website (https://www.hdfcsec.com/).
2. Click on ‘Open an Account
Click on the ‘Open Trading Account’ button. This action will typically redirect you to a new window or page to initiate the account opening process.In the new window or page, you’ll be prompted to enter your mobile number. This is an essential step as it’s used for account verification and communication.
3. Verify personal details
In step 3, you will be required to verify your personal information, including your mobile number (through OTP verification), email address, and PAN card. Once you have successfully verified these details, a new window will open, guiding you through the subsequent steps.
4. PAN Verification
Once you verified PAN then click ” Confirm this is the Name on My Pan Card” bottom, if you find mismatch then click below ” Wrong name? re-enter PAN numer button.
5. Add account on hdfc security
You’re now just a few steps away from securing your brand-new HDFC Securities account. Once your PAN card is verified, the next step involves linking your bank account for funding.
To do this, a new window will open, guiding you through the process of verifying your bank account. You can add or verify your bank account using two methods:
Search by IFSC Code:
- In the provided box, enter the IFSC code of your bank account and click the “Search” button. Once you do this, your bank details will be retrieved. Afterward, click on the “SUBMIT” button.
Search by Bank:
- Alternatively, you can search for your bank by its name. Select your bank from the options provided. Then, follow the same steps: click “SUBMIT” after retrieving your bank details.
Upon clicking the “SUBMIT” button, a new window will open where you’ll be prompted to provide your bank details. As soon as you provide these details, HDFC Securities will deposit Rs.1 as part of the account verification process. You won’t need to take any further steps at this point.
6. Final Steps: Personal Details and Document Proofs
Use one of the following options for submitting your personal details and associated proofs. you can Share Using Aadhaar Via Digilocker.
Once you verify your Aadhar and esing you need to upload bank statement and the final step finished, you get Welcome msj with user id and once user id received you can generate password online.
Step to start trading on HDFC Securities
1: Visit the official HDFC Securities webpage, go to the top-right corner of the homepage, and click on the “Login” button
Step 2: Fill in your USER ID and password, then click on the “Login Now” button. A pop-up message will appear on the screen, asking you to verify with a mobile OTP or email OTP. Please enter the correct OTP and continue with the on-screen instructions.
3. Now you see your trading dashboards here you need to click on equity and choose cash buy
- Click equity
- Select Buy
- Select cash
4. Fill buy form:
- Select “Equity.”
- Choose “Buy.”
- In the “Exchange” section, select “NSE” (National Stock Exchange).
- Leave the “Equity” and “Cash” options as they are.
- Enter the first three letters of your desired company’s name to select it.
- Choose the “Limit Type” – you can select “Market” for an instant order at the current market price, or “Limit” if you want to specify a desired price. If you choose “Limit,” make sure to enter your desired price. Keep in mind that if you choose “Limit” and the stock price doesn’t reach your specified price by 3.30 pm, the order will be automatically canceled.
- Enter the quantity of shares you want to buy.
- If you’ve selected “Limit,” enter the price at which you want to buy. If your order is “Market,” you can leave this field blank.
Click on place order, follow screen instructions and enjoy your first order on Indain stock market with HDFC securities.
Summary:
To trade in the stock market through HDFC Securities, follow these steps:
- Visit the official HDFC Securities website.
- Click on the “Login” button in the top-right corner of the homepage.
- Enter your USER ID and password.
- Click “Login Now.”
- Verify your identity with a mobile OTP or email OTP.
- Choose “Equity” and then select “Buy.”
- In the “Exchange” section, select “NSE” (National Stock Exchange).
- Leave the “Equity” and “Cash” options as they are.
- Enter the first three letters of your desired company’s name.
- Choose your “Limit Type” (Market or Limit).
- Enter the quantity of shares you want to buy.
- If you’ve selected “Limit,” specify the price at which you want to buy.
- Confirm your order and proceed with the on-screen instructions.
These steps will guide you through the process of trading stocks through HDFC Securities, whether you prefer market orders for immediate execution or limit orders with a specific price.
Last word:
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