stock market
Just imagine… you go to a theater to watch a movie, and there you are told that you have to go to another hall to watch the movie after the interval and to a third building to buy popcorn! Will you get irritated? Our everyday investment life is also scattered like this – bank account somewhere, trading app somewhere else and demat locker somewhere else!
This is the reason why many times small investors want to invest but because of this hassle, they shy away from investing in the market. Recognizing this problem, HDFC SKY prepared a three in one formula which is being liked very much by common investors. In this way, the three biggest investment related needs of investors like saving, investment and trading are being managed from one place.
What are the features of the account?
Understanding the needs of the consumers, HDFC SKY has brought all three accounts at one place. In this way, customers do not need to visit different apps or manage different accounts. These are the three benefits of this account. Generally, when you transfer money for trading in a normal broker app, that money remains in the wallet of that app without any interest. But in this 3-in-1 setup of HDFC SKY, your money remains in your savings account only. This means that unless you are buying shares, the bank will continue to earn interest on your money.
Payment will be made directly from the bank
The game in the stock market lasts for a few minutes or hours. Sometimes a stock suddenly falls and you have a great opportunity to buy. In other trading apps, by the time you bring the money from the bank to the wallet, the opportunity is gone. Due to payment being made directly from the bank here, you can trade in the blink of an eye. Its demat account is like a digital locker. When you buy shares, mutual funds or ETFs through a trading account, they are safely deposited electronically into the same demat account.
Flat charge of only Rs 20
Another special thing about this account is that whether you buy shares worth Rs 10,000 or Rs 10 lakh, you will have to pay a flat fee of only Rs 20 per order. This is a matter of relief for common small investors. Apart from this, you do not need to search for a separate app for mutual funds, a separate app for shares and a separate place for government bonds or gold bonds. With this one app a common family can do its entire financial planning. The process of opening this super-account is completely digital and free. Along with this, the Annual Maintenance Charge (AMC) of Demat is also completely free for the first year. If you are one of those people who want to invest but shy away from the hassle of technical complications, forgetting passwords and transferring funds between apps, then HDFC SKY’s 3-in-1 account is made just for you. It eliminates all the hassle between your banking and investing and makes investing more easy and transparent.
