Subsidiary of HDFC Bank and leading stock broking company, HDFC Securities Limited, has announced its partnership with one of the leading SFBs, Equitas Small Finance Bank to provide its clients with a Demat account and its broking/investment services.
With this partnership, Equitas Small Finance Bank will be able to offer its customers a 3-in-1 account that helps them access the services of HDFC Securities. The leading stock broking company will ease the entire journey for Equitas' customers, from account opening to regular share transactions.
Fulfilling Its Commitment to Financial Inclusion
Shortly after announcing the launch of digital centres pan-India, HDFC Securities has taken another step towards empowering Indians to achieve their financial goals with this new partnership with Equitas. All Equitas Small Finance customers would be able open their Demat and trading account for buying & selling shares and trading in Futures & Options/ commodities and even currencies.
Equitas Small Finance Bank has pioneered in creating its banking products predominantly for "Savers" segment of Indian population through superior technology. For the Bank, this tie-up offers an opportunity to provide its customer with additional investment avenues and thereby allowing them to make superior choices while allocating their hard-earned savings across asset classes. With userfriendly digital account opening and zero account opening charges, the Bank's customers will gain access to the latest technology solutions to participate in the stock markets. The digital prowess of HDFC Securities will further add-on to the superlative digital experience that its customers are enjoying.
On this occasion - Mr. Dhiraj Relli, MD & CEO, HDFC securities Ltd. said "Our primary objective in forming this alliance is to empower the customers of Equitas Small Finance Bank with a robust investment platform. We believe that when these customers experience the seamless services offered via HDFC Securities, their confidence and trust in relying on a single relationship with the Bank will be strengthened for all their financial needs. We believe that the future of financial services lies in such single relationship opportunities. I wholeheartedly welcome all customers of Equitas Small Finance Bank to the HDFC securities family with a belief that together, we will weave a life long journey of investments and wealth creation."
Mr. Murali Vaidyanathan, Senior President and Country Head, Branch Banking, Liabilities, Product and Wealth, Equitas Small Finance Bank said "Equitas Small Finance Bank is known for offering better savings solutions and has been providing attractive interest rates on deposits to help savers grow their money. With the help of HDFC Securities, we will now be able to provide better solutions for our trader and investor segment thereby empowering them further with the 3-in-1 account. HDFC Securities has a long known history of being one of the finest brokerages of the country along with its strong digital services. This partnership will ensure that our customers have a hassle-free way to transact, save and invest through a single account, backed by the best facilities, from the comfort of their homes provided by Equitas Small Finance Bank."
Shares of Equitas Small Finance Bank Limited was last trading in BSE at Rs. 44.90 as compared to the previous close of Rs. 43.10. The total number of shares traded during the day was 68859 in over 759 trades.
The stock hit an intraday high of Rs. 45.50 and intraday low of 43.10. The net turnover during the day was Rs. 3037460.00.