HDFC sercurities
Mandatory personal information

I have a demat trading account with HDFC sercurities. In the online trading account, after logging on, the site asks to confirm contact details and PAN details etc. But also it required information about income-range as a mandatory option. I called up the helpline number to find why was that a mandatory field. I was told by the bank that it is required as per RBI rules.

I am sure that RBI would not ask banks for these details, it is the bank who would be using the information to discriminate its customers, which I feel is totally wrong. I would like to get an authorized information regarding this, so please let me know whom should I contact with this regards?

Company: HDFC sercurities
Country: India
State: Maharashtra
City: Pune

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