Money Market
Kindly refer process of opening gilt account is as follows :-
- Relationship Managers needs to be submit us client information in below format
- On receipt of details , Trops officials will execute the agreement and despatch it to clients address
- Business must ensure that sufficient balance (Atleast Rs 1500/- ) to be made available in client account for Franking of Account Opening Documents
- The client has to execute the agreement and send original  Board Resolution and other documents to processing branch for verification .
- Local CSGL processing desk will verify the documents , clarify doubts if any and send the verified documents to Trops Mumbai
- On receipt of original documents and if the documents provided are in order,  Gilt Account will be opened by Trops  .
Information to be provided to Trops as per below Checklist
| Sr No | Requirements | Remarks |
|---|---|---|
| 1 | Request mail from RM for Opening Gilt Account | Name of Relationship Manager & Name of Business Unit |
| 2 | Name of Customer | Complete  Name of customer in which the Gilt Account to be opened |
| 3 | Constitution of Customer | For eg Corporate/Tusts/Individual/Bank  etc |
| 4 | Address & Contact Details  Of Customer | Complete Address and contact deals for Communication |
| 5 | PAN CARD | PAN CARD DETAILS |
| 6 | E-mail ID’s of authorised officials | Official email ID for communication- Mandatory |
| 7 | CASA Account Number with HDFC BANK | Designated Account is advisable.The signatories in Gilt Account should be similar to signatories in CASA account |
| 8 | Board Resolution | Board Resolution must specify opening of Gilt Account with HDFC BANK and authorise officials to trade in G-Secs . (Sample Format is made available ) |
| 9 | Authorised Signatory List | List of Authorised Singatories |
| 10 | Name and Address of the official  to whom Notice/Communication will be given | Name and Addresses of the Company official |
| 11 | Charge Sheet signed by authorised signatories | Charges related to Gilt Account (Annexure “A”) |
Standard charges are :
Account Opening As per business relationships
AMC charges Rs 10,000/- per year
Transaction chgs Rs 500/- per transaction
PDO conversion Rs 500/- per script
However for  Retail Investors , P.F Trust and Pension funds following charges are suggested by FIMMDA
- AMC: Â Rs1000- 1,500/-
- Trading charges:  Rs500- Rs 750—with a cap at Rs750/-per transaction.
- Conversion from Demat to CSGL and vice versa  :  Rs 500/-per transaction