Guidelines

NRI account holders are requested to report all the shares acquired through primary/secondary market, to HDFC Bank, except for purchases throughHDFC securities trading account. Effective 15th Sep 2015, account holders will be unable to sell shares which are non-reported. Account holders can contact us or their relationship managers to update these details.

In case of sale of ESOP shares, Fair Market Value will be considered as Cost of Purchase provided Perquisite tax has been paid in India. Otherwise the Grant Price will be considered as Cost of Purchase and accordingly TDS will be determined.

Apply for IPOs through HDFC securities trading account. Account holders need to submit the proof of purchase if applying from Bank or net banking, for reporting the same to PIS. Non-reporting will lead to restriction for sale.

Disclaimer

This is by way of intimation of availability of the HDFC Securities Limited services and does not constitute an offer to buy or sell or solicitation in this regard, made to any person. This service is available only to NRIs residing in jurisdictions permitting Investment in and Trading of Indian Securities on Indian Stock Exchanges and not to foreign residents including Non-Resident Indians (NRIs) in the United States.This service is not available to any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where availing of such services would be contrary to any applicable law or regulation or which would subject HDFC Bank Limited, HDFC Securities Limited and any of their respective affiliates or group companies to any registration or licensing requirement within such jurisdiction.

Availability of this service to NRIs is subject to compliance with procedural formalities as prescribed by HDFC Securities Limited from time to time.