https://www.hdfcbank.com/wholesale/financial-institutions-and-trusts/custodial-service
About HDFC Bank's Custodial Services
Safeguard your business’s financial assets with HDFC Bank’s Custodial Services. Whether in electronic or physical form, protect your assets with the latest technologies and high-security vaults.
HDFC Bank’s custodial services are SOX and ISO 9001:2008 complaint and are known for their high operating standards. We were the first bank to be appointed custodian for the National Stock Exchange.
Leading mutual funds, insurance companies, venture capital firms, foreign portfolio investors (FPI), foreign corporate bodies and provident fund trusts rely on us for wide range of customised custodial services.
Portfolio Of Services
HDFC Bank offers a wide range of custodial services that help you improve organizational reporting and the safety of your financial assets. Our services include:
- Regulatory approvals and reporting for off-shore entities
- Registration as a SEBI Designated Depository Participant for Foreign Portfolio Investors (FPI)
- Speedy opening of bank and Demat accounts
- Custodial Participant Codes with both the stock exchanges in India
- Seamless handling of large volumes of transactions with Straight-Through-Processing
- Subscription to Initial Public Offerings (IPOs) through ASBA. HDFC Bank is a SCSB (Self Certified Syndicate Bank), empowered by SEBI and can accept ASBA forms from its customers for all Book Built Public and Rights Issues
- Support for subscription in debt issues, mutual fund units, and exchange traded funds
- Corporate action tracking for both monetary and non–monetary benefits
- Forex booking of inbound and outbound remittances at competitive rates
- Tracking of inward remittances and quick conversions in client’s account
- Portfolio reporting
- Customised reporting that goes beyond standard templatised reports