Equitas SFB inks pact with HDFC Securities to offer Demat and Trading Services; stock spurts ~4%

25 Jul 2022 , 03:02 PM

HDFC Securities Limited, a subsidiary of HDFC Bank and a leading stock broking company, announced its partnership with Equitas Small Finance Bank, one of the leading SFBs, to provide its clients with a Demat account and broking/investment services.

Equitas Small Finance Bank will be able to offer its customers a 3-in-1 account that allows them to access HDFC Securities’ services as a result of this collaboration. From account opening to regular share transactions, the leading stock broker will make the entire process easier for Equitas customers.

With its new partnership with Equitas, HDFC Securities has taken another step toward empowering Indians to achieve their financial goals, shortly after announcing the launch of digital centres across the country. All Equitas Small Finance customers will be able to open a Demat and trading account to buy and sell shares, trade Futures & Options/ commodities, and even trade currencies.

Through superior technology, Equitas Small Finance Bank has pioneered in developing banking products primarily for the “Savers” segment of the Indian population. This collaboration provides an opportunity for the bank to provide its customers with additional investment avenues, allowing them to make better decisions when allocating their hard-earned savings across asset classes.

At around 3.05 PM, Equitas SFB was trading 3.96% higher at Rs99.80 against its previous close of Rs96 on National Stock Exchange.