About client bank accounts.
SEBI regulations require stockbrokers to keep client funds strictly segregated from the stockbroker's own funds. Client funds are received and held in designated bank accounts known as Upstreaming Client Nodal Bank Accounts (USCNBA) — the nomenclature mandated by the SEBI Upstreaming Circular dated 08-Jun-2023 (SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/84). Funds in these accounts cannot be commingled with the broker's own bank accounts and cannot be used by the broker for proprietary purposes. End-of-day balances are upstreamed to the Clearing Corporation; funds returned to clients flow through the Downstreaming Client Nodal Bank Account (DSCNBA).
The disclosure below is made under NSE Circular NSE/INSP/55402 and BSE Notice 20230127-42, both dated 27-Jan-2023, which require members to display on their website the Bank Account Name, Account Number and IFSC of all active client bank accounts reported under Enhanced Supervision of Stock Brokers. The same accounts are also disclosed by NSE under Know / Locate your Stock Broker and by BSE under Member Directory.
All client payments to DealDepot must be made into the accounts listed below. Payments must never be made to a personal account of any employee, director or Authorised Person of DealDepot.
Designated USCNB account.
| Sr. | Account name | Bank | Account no. | IFSC | Type |
|---|---|---|---|---|---|
| 1 | DealDepot Brokerage Pvt Ltd | HDFC Bank Limited | 00600340041386 | HDFC0000060 | USCNBA — Client funds |
Note: The above account is the designated Upstreaming Client Nodal Bank Account (USCNBA) reported to NSE and BSE under Enhanced Supervision of Stock Brokers. It is also listed on the NSE website under Know / Locate your Stock Broker and on the BSE website under Member Directory. Any change to this account is updated on this page within one week and is reported to the Exchanges.
UPI handles.
Clients may also remit funds via UPI to the following Verified Payee handles maintained by DealDepot:
| Purpose | UPI handle | Underlying bank |
|---|---|---|
| Broking — trading account funding | dealdepot.brk@validhdfc | HDFC Bank Limited |
| Depository — DP charges & demat-related | dealdepot.dp@validhdfc | HDFC Bank Limited |
Both handles are registered under the @validhdfc Verified Merchant directory. Any UPI handle bearing the DealDepot name on a different banking suffix is not authorised and must be reported.
Virtual Pocket Account.
For NEFT / RTGS / IMPS transfers, DealDepot operates a Virtual Pocket Account system at HDFC Bank that auto-credits incoming funds to the correct trading account on a real-time basis. The virtual account number is constructed from your Unique Client Code (UCC):
Example: Client with UCC ABC123 remits to virtual account DDBP86ABC123.
Funds remitted to a correctly-formed virtual account are credited to your trading account instantly. Funds remitted to the main USCNB account in Section 02 are credited on a same-day basis once mapping to UCC is confirmed.
Mandated regulatory note.
Investors are requested to note that stock broker DealDepot Brokerage Pvt Ltd is permitted to receive / pay money from / to investors only through the designated bank accounts named as Upstreaming Client Nodal Bank Accounts (USCNBA). DealDepot Brokerage Pvt Ltd is also required to disclose these USCNB accounts to the Stock Exchanges. You are therefore requested to use only the USCNB accounts disclosed above for the purpose of dealings in your trading account with DealDepot. The details of these accounts are also displayed by the Stock Exchanges on their websites under Know / Locate your Stock Broker (NSE) and Member Directory (BSE).
How to remit funds.
Client funds may be remitted by:
- NEFT / RTGS / IMPS from your KYC-registered bank account, to the Virtual Pocket Account (preferred — auto-credit) or to the main USCNB account (Section 02). Quote your UCC in the remarks field.
- UPI from your KYC-registered bank account to the relevant Verified Payee handle in Section 03.
- Cheque drawn from your KYC-registered bank account, made payable to DealDepot Brokerage Pvt Ltd.
Settlement of client funds.
Per the SEBI Investor Charter, settlement of client funds follows the Running Account Settlement (RAS) framework: every 30 days if you have opted for monthly settlement, or every 90 days if you have opted for quarterly settlement. Where you have not provided RAS consent, credit balances are returned within 24 hours of pay-out. Settlement runs are aligned with the Exchange's pre-announced calendar (typically the first Friday/Saturday of the cycle). A Statement of Accounts for funds, securities and commodities is issued weekly (within four trading days of the following week).
Reporting concerns.
If you suspect that any communication or instruction asking you to remit funds is suspicious — for example, asking you to send funds to a personal name, to an account not listed above, or to a UPI handle other than the two listed in Section 03 — please do not remit. Instead, contact our Compliance Officer immediately at compliance@dealdepot.in or call +91 22 6917 5201.