Got the hsbc premier credit card

[TheScientist]

Is it possible to buy/sell the holldings online? I have heard that you need to go to the branch for such transactions.
@TripleAce

Not possible through bank also is what my RM told. You need to transfer those stocks again to other broker and sell it from there.
They have plan to come up with demat portal for trading but no ETA is what the RM told

 

[aayusharyan]

Not possible through bank also is what my RM told. You need to transfer those stocks again to other broker and sell it from there.
They have plan to come up with demat portal for trading but no ETA is what the RM told

Interesting.... So suppose I hold Mutual funds worth more than 40 Lacs in market value which I don't plan to sell anytime soon, can I transfer them to HSBC's DEMAT and get Premier status?

I understand if at any quarter, the holdings drop below 40L, my premier status will be lost, but assuming that doesn't happen, can that be done?
I ca;lled customer care to ask them and they are unaware of anything related to DEMAT. Asked to Visit branch which is quite far.

 

[percolate]

Interesting.... So suppose I hold Mutual funds worth more than 40 Lacs in market value which I don't plan to sell anytime soon, can I transfer them to HSBC's DEMAT and get Premier status?

I understand if at any quarter, the holdings drop below 40L, my premier status will be lost, but assuming that doesn't happen, can that be done?
I ca;lled customer care to ask them and they are unaware of anything related to DEMAT. Asked to Visit branch which is quite far.

make sure the quarter before the card renewal has 40L TRV to get the fee waived off. It doesn't matter for other quarters.

 

[TheScientist]

Yes customer care are not aware of demat process. Best is to visit branch and connect with some RM

 

[brahmin_baniya]

I

Is it possible to buy/sell the holldings online? I have heard that you need to go to the branch for such transactions.
@TripleAce

I see a option to sell in the app itself,although i have not tried it yet but i am pretty sure it would work.

Even if doesn't,i have 3 rms lol and they know me personally by my name and eyerthing,the customer service is next level ,any reasonable issue you have is sorted out max within a week. Although i live in delhi and there are 3 branches in close proximity to me but i feel if it still doesn't sell i can contact my rms and they would send a form or whatever and get it done.