Demat Account for Gift City

HDFC Bank – IBU is the first entity to get registration as a Depository Participant for opening and servicing clients for IFSC Demat account. By opening the IFSC Demat account, the investor may be able to hold and transact in approx. 50 US-listed securities and hold Unsponsored Depository Receipts, also known as UDRs, in the IFSC Demat account.

IFSC Demat Account Features

  • Invest in US-listed Securities.
  • Simple and Secure transaction processing.
  • Tracking the performance of investments.
IFSC Demat account features

How to Open a IFSC Demat Account

Step 1: Visit any of the branches for opening of IFSC Demat account.

 

Step 2: Fill the form for IFSC Demat account. Click here to download the IFSC Demat Account opening form.

 

Step 3: Submit the requisite documents:

 

- PAN

- Officially Valid Documents (OVD: address proof i.e., Passport, Voter’s ID card, Aadhaar, Driving Licence.

- Income Proof: Salary Slip, IT returns, Bank Statement.

 

Step 4: Submit the filled-up form to the branch to get your IFSC Demat account opened.

Frequently Asked Questions

Resident Indians, Non-Resident Indians (NRIs), foreign nationals as well as corporates and partnership firms can invest in various accounts offered under the GIFT City initiative.

Yes, they can. Both Resident and Non-Resident individuals can open an account in GIFT City. Foreign nationals can also invest in GIFT City.

You can open a GIFT City Demat Account online with these easy steps:

  1. You can visit our HDFC Bank branche to open an IFSC Demat Account.

  2. You need to fill out the IFSC Demat Account form. You can download the form here.

  3. Next, you must submit filled out form with the required documents to complete the account opening process.

The International Financial Services Centre (IFSC) is the unified authority for regulating international financial products, services and institutions.

You need to open a IFSC Demat Account, you need to submit the following documents:

  • Permanent Account Number (PAN)

  • Proof of identity and address

  • Passport

  • Driving license

  • Aadhaar

  • Voter’s ID

  • National Rural Employment Guarantee Act (NREGA)

  • Government-issued ID cards

  • Proof of income

  • Salary slips

  • Bank statements

  • Income Tax Returns

A GIFT City Demat Account allows you to invest in global markets with ease. You can invest in over 50 US-listed securities and invest in fractions. With your IFSC Demat Account, you can also hold Unsponsored Depository Receipts (UDRs).
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Reference:

https://ifsca.gov.in/Pages/Contents/AboutIFSCA