HDFC Securities opens women-only Digital Centre in Bengaluru

HDFC Securities opens women-only Digital Centre in Bengaluru: HDFC Securities, a leading stock trading firm, has announced the establishment of India’s first Women-Only Digital Centre (DC). This innovative centre, manned entirely by women, will serve both male and female investors. the youth, while taking charge of their finances, need a better understanding of the investment process to make the most of the financial markets.

What are Digital Centres (DC)?

The establishment of the pan-India Digital Centers is intended to assist clients in obtaining the best outcomes possible from the HSL platforms with the aid of professional relationship managers. Customers won’t need to look for a physical branch because the DCs will allow them to obtain support whenever they need it. The opening of multiple DCs around India will facilitate service access and encourage the usage of digital technology.

What is Women-Only Digital Centre?

• The Women-Only DC is an effort to promote diversity within the company and to provide its clients with technology that makes the path to financial independence easier. The company’s emphasis on digital is also influenced by the fact that Gen Z accounts for 27% of India’s young adult population, which is among the largest in the world. For this innovative digital centre, the corporation plans to hire women under the age of 30. For the Bengaluru Women-Only DC, HDFC Securities intends to engage more than 100 relationship managers.
• The Women-Only DC would be located in Bengaluru and serve clients from Telangana, Karnataka, Tamil Nadu, and Andhra Pradesh.

What are the objectives of Women-Only Digital Centre?

• The Women-Only Digital Centre is the first step in empowering Indian women to be self-sufficient.
• It would make it easier for women investors to utilise these financial services, as only 7% of Indian women invest independently in financial markets, and 33% have no financial investments.
• Hiring women as DC relationship managers will contribute to the efforts to ensure diversity and enable women to handle their finances.
• It will serve both types of investors, male and female; nevertheless, having a women-only team will attract more women to explore investment possibilities and support in making informed investment selections.
• Having women in charge of the centre will empower other women to handle their investment portfolios, make informed decisions, and achieve financial security.