Demat account with HNI banking privileges

[maynigam]

Hello Guys
For some reason I need to convert a portion of MF holdings from SOA to Demat Form. I intend to open a new demat account just for this purpose, I am not going to do a lot of new transactions or trading activities from this new account (so brokerage etc doesnt matter much)
Is there any bank which may gives access to exclusive HNI banking programs / premium DC that is worth it / LTF super premium CC on the basis of demat holding only! I have a Zerodha demat account for transacting and trading and that won't give me any benefit.
I understand I may be hoping for a lot, but something is better than nothing!
Thanks in advance!
P.S. I have BOB Radiance and IDFC First Wealth

 

[avikrish]

Hello Guys
For some reason I need to convert a portion of MF holdings from SOA to Demat Form. I intend to open a new demat account just for this purpose, I am not going to do a lot of new transactions or trading activities from this new account (so brokerage etc doesnt matter much)
Is there any bank which may gives access to exclusive HNI banking programs / premium DC that is worth it / LTF super premium CC on the basis of demat holding only! I have a Zerodha demat account for transacting and trading and that won't give me any benefit.
I understand I may be hoping for a lot, but something is better than nothing!
Thanks in advance!
P.S. I have BOB Radiance and IDFC First Wealth

I don't think banking products can be given based on demat holdings.

For suppose any bank gives, they will ask to create a new demat with their bank and you need to transfer the things. Here transfer stocks, mf from one demat to other demat is possible but tedious, little risk and high chances that they mention buy date as transfer date which will have issues while tax filing.

Banks demat give worst service, high charges, less support. Normal bank branche people have very less knowledge on demat accounts.

Always better to use demat accounts from these discount broker like dhan, upstox, zerodha or full broker like angel one for better services and support.

 

[sauravkumar]

Hello Guys
For some reason I need to convert a portion of MF holdings from SOA to Demat Form. I intend to open a new demat account just for this purpose, I am not going to do a lot of new transactions or trading activities from this new account (so brokerage etc doesnt matter much)
Is there any bank which may gives access to exclusive HNI banking programs / premium DC that is worth it / LTF super premium CC on the basis of demat holding only! I have a Zerodha demat account for transacting and trading and that won't give me any benefit.
I understand I may be hoping for a lot, but something is better than nothing!
Thanks in advance!
P.S. I have BOB Radiance and IDFC First Wealth

Axis Burgundy.... TRV contains Demat Holding as well...

Better will be to negotiate before.

Note : Most of the banks include certain percentage of Demat Holding in TRV calculation and few even don't consider.

 

[maynigam]

For suppose any bank gives, they will ask to create a new demat with their bank and you need to transfer the things

Yes. I have to do that either ways. I need to open a new demat account and transfer my MFs into that demat account. Not from one demat into another, i need to convert from Statement of Account to Demat form.

 

[maynigam]

Axis Burgundy.... TRV contains Demat Holding as well...

Better will be to negotiate before.

Note : Most of the banks include certain percentage of Demat Holding in TRV calculation and few even don't consider.

Lolz. That was one program that I was trying to avoid as I dont see any advantage with them and I find it to be a very arrogant bank.

Any chance of getting Infinia?

 

[WandereR]

Any chance of getting Infinia?

HDFC doesn't consider Demat account in TRV. You can try Indusind Pioneer account, and negotiate for their Heritage Metal cc.

 

[6ix9ine]

Any chance of getting Infinia?

Next to impossible

 

[maynigam]

Next to impossible

Lolz. Thought so. I have totally given up on HDFC and Axis!

 

[maynigam]

You can try Indusind Pioneer account, and negotiate for their Heritage Metal cc.

Thanks. Will try

 

[cc_dc_explorer]

Approx how much portfolio combined are you planning to shift to the prospective bank ?

 

[maynigam]

Approx how much portfolio combined are you planning to shift to the prospective bank ?

around 4-5 C

 

[maynigam]

@SSV you might have some knowledge on this

 

[maynigam]

TRV contains Demat Holding as well

which other banks consider demat holding for TRV?

 

[sauravkumar]

which other banks consider demat holding for TRV?

ICICI - Last year I had escalated it to higher management then they confirmed

IndusInd - I don't have account but I have heard.(Others can confirm)

It will be better if you approach bank. And make your work done.