Best Demat Account in India – Top 10 Demat Accounts in India

Opening the best Demat account in India is essential for people who want to invest in stocks, mutual funds, and other financial instruments. Stock brokers provide demat with features like free account opening, market research tools, and various trading alternatives. But choosing the best one is very tough, Below is an extensive reference detailing the top 10 demat accounts in India for beginners.

Which Demat Account Is Best?

We have selected the top categories, such as mutual funds and NRI accounts, and listed the best Demat account providers in India suited for each category. Ensures that individuals can choose the best provider, as one size does not fit all.

Best For Mutual Funds: HDFC Securities

Designed to meet different risk appetites and investing objectives, HDFC Securities offers options to suit your investment needs. The platform provides a smooth investing experience, professional suggestions, and research tools.

Best Overall: Zerodha

Zerodha, a leading discount broker, distinguishes itself through its favorable ratings, easy-to-use interface, and reasonable brokerage costs. Zerodha is the most excellent option for all investors since it provides abundant useful features and investing options (such as advanced charting tools, order kinds, and technical indicators).

Best For NRI’s: Aditya Birla Capital

Aditya Birla Capital is the best option for anyone who wants to trade overseas equities because it provides both Repatriated and Non-Repatriated Demat accounts.

Best For Lowest Brokerage: 5Paisa

5Paisa charges a flat price of Rs. 20 for each performed order, maintaining a transparent pricing system. The minimal brokerage fees make it an affordable choice for all trading styles, regardless of experience level or trader volume.

Most Popular: Groww

Groww offers one of the easiest and fastest paperless account opening processes. It is appropriate for individuals wishing to invest with little money because it permits fractional share investments.

Best Demat Account For Beginners: Angel One

Angel One Demat Account offers the Demat account for novices looking for professional portfolio management. The user-friendliness and instructional nature of Angel One are factors in its increasing appeal. Creating the best Demat account for beginners is an excellent option since investors may make well-informed judgments based on careful study.

Comparative Analysis Of Top 10 Demat Accounts In India For Beginners

Demat Account Providers Types of Investment Options Foreign Stocks SEBI Registration
HDFC Securities Demat Account Equity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, etc Yes INZ000186937
Zerodha Demat Account Equity, Mutual Funds, ETFs, US Stocks, Foreign Stocks, Currency Trading, etc No INZ000031633
Aditya Birla Capital Demat Account Equity, Mutual Funds, ETFs, US Stocks, NCD, Commodity Derivatives, etc Yes INH000002145
Upstox Demat Account Equity, Mutual Funds, ETFs, US Stocks, Corporate FDs, Foreign Stocks, etc Yes IOA185135
5Paisa Demat Account Equity, Mutual Funds, ETFs, US Stocks, NCD, etc Yes INZ000010231
Groww Demat Account Equity, Mutual Funds., ETFs, Digital Gold, Corporate FDs, various tax-saving investment options, etc Yes INZ000208032
Angel Broking Demat Account Equity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, Commodity Derivatives, etc Yes INZ000161534
Kotak Securities Demat Account Equity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, Commodity Derivatives, etc Yes INZ000200137
SBICAP Securities Demat Account Equity, Mutual Funds, ETFs, US Stocks, NCD, etc Yes INZ000200032
ICICI Direct Demat Account Equity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, etc Yes INZ000183631

 

Brokerage Charges and Hidden Charges

Demat Account Providers Account Opening Charges Maintenance Charges Brokerage Charges
HDFC Securities Demat Account ₹0 ₹750 per year ₹25 per executed order
Zerodha Demat Account ₹200 ₹300 per year ₹20 per executed order
Aditya Birla Capital Demat Account ₹750 ₹300 per year 0.50% of the transaction value
Upstox Demat Account ₹0 ₹150 per year ₹20 per executed order
5Paisa Demat Account ₹0 ₹300 per year ₹20 per executed order
Groww Demat Account ₹0 Free ₹20 or 0.05% which is lower
Angel Broking Demat Account ₹0 ₹240 per year ₹20 per executed order
Kotak Securities Demat Account ₹0 ₹600 per year ₹20 per executed order
SBICAP Securities Demat Account ₹0 ₹350 per year ₹20 per executed order
ICICI Direct Demat Account ₹0 ₹300 per year ₹20 per executed order

 

Demat Accounts With No Joining Fee

Full-Service Broker:

  • HDFC Securities Demat Account
  • Angel Broking Demat Account
  • Kotak Securities Demat Account

Discount Broker:

  • Upstox Demat Account
  • 5Paisa Demat Account
  • Groww Demat Account

Demat Accounts With Lowest Brokerage Charges

Full-Service Broker:

  • HDFC Securities Demat Account
  • Angel Broking Demat Account
  • Kotak Securities Demat Account
  • SBICAP Securities Demat Account
  • ICICI Direct Demat Account

Discount Broker:

  • Zerodha Demat Account
  • Upstox Demat Account
  • 5Paisa Demat Account
  • Groww Demat Account

Top 10 Demat Accounts In India and Their Charges

Demat Account Providers Delivery Charges Intraday Charges Options Charges Futures Charges
HDFC Securities Demat Account ₹20 or 0.50% (whichever is lower) per executed order ₹20 or 0.10% (whichever is lower) per executed order ₹100 per executed order 0.05%
Zerodha Demat Account Free ₹20 or 0.03% (whichever is lower) per executed order Flat ₹20 per executed order Flat ₹20 per executed order
Aditya Birla Capital Demat Account ₹20 or 0.25% (whichever is lower) per executed order ₹0 or 0.30% (whichever is lower) per executed order Flat ₹20 per executed order Flat ₹20 per executed order
Upstox Demat Account 2.5% or ₹20 (whichever is lower) ₹20 or 0.05% (whichever is lower) per executed order Flat ₹20 per executed order Flat ₹20 per executed order
5Paisa Demat Account ₹20 or 0.25% (whichever is lower) per executed order ₹20 or 0.05% (whichever is lower) per executed order Flat ₹10 per executed order Flat ₹10 per executed order
Groww Demat Account ₹20 or 0.05% (whichever is lower) per executed order ₹20 or 0.25% (whichever is lower) per executed order Flat ₹20 per executed order Flat ₹20 per executed order
Angel Broking Demat Account 0.50% ₹20 or 0.25% (whichever is lower) per executed order Flat ₹20 per executed order Flat ₹20 per executed order
Kotak Securities Demat Account ₹20 or 0.25% (whichever is lower) per executed order ₹0 Flat ₹20 per executed order Flat ₹20 per executed order
SBICAP Securities Demat Account ₹20 or 2% (whichever is lower) per executed order ₹0 or 0.30% (whichever is lower) per executed order Flat ₹20 per executed order Flat ₹20 per executed order
ICICI Direct Demat Account ₹0.55% ₹0 or 0.30% (whichever is lower) per executed order Flat ₹20 per executed order Flat ₹20 per executed order

 

List of Best Demat Accounts in India

  1. HDFC Securities Demat Account

One of HDFC Bank’s subsidiaries, HDFC Securities, provides a full range of online trading and investing services. You may trade various securities with ease and efficiency using their Demat account. It exposes multiple industries and makes it simple and secure for consumers to purchase, hold, and sell shares.

Key Features:

Annual Maintenance Charge ₹750 per year
Exchange Membership BSE, NSE, MCX-SX, NCDEX, MCX
PMS Services Available
Per Transaction Charge ₹25 per transaction
Trading Platforms ProTerminal, Web Trading, Mobile Trading
Customer Service Phone, email, and chat
Investment Options Stocks, Bonds, Mutual Funds, ETFs, IPOs, NCDs, FDs, and more

Pros & Cons:

Pros Cons
3-in-1 account Expensive brokerage plans
Diverse investment options all from one platform It doesn’t offer commodity trading
Best Trading Account In India with a unique platform Confusing to open an account

What Is It Best For?

All-in-one solution

User Testimonial That Was On Point

Easy to use HDFC Securities for trading, with my savings safely stored in electronic form.

  1. Zerodha Demat Account

With its Demat account, Zerodha, a well-known online broker in India, provides a smooth trading experience. It gives access to stocks, futures, and options, among other investing options. The Demat account offered by Zerodha is renowned for its easy-to-use interface and affordable brokerage fees.

Key Features:

Annual Maintenance Charge ₹300 per year
Exchange Membership BSE, NSE, MCX
PMS Services Not Available
Per Transaction Charge ₹13.5 per scrip for selling stocks

CDSL Fee of ₹5.5 per mutual fund

Trading Platforms Kite, Console, Coin, Sentinel, Varsity
Customer Service Phone, Email, Chat
Investment Options Equity, Derivatives, Currency, Commodity, Mutual Funds, Bonds, IPOs

Pros & Cons:

Pros Cons
Low brokerage fees Inferior customer support
Best Trading Account In India with a unique platform No research and advisory services
Direct market access (DMA) No physical branches

What Is It Best For?

Customization according to user needs

User Testimonial That Was On Point

Zerodha’s user-friendly platform empowers me to invest brokerage-free and join a thriving investor community.

  1. Aditya Birla Capital Demat Account

Aditya Birla Money offers a reliable platform for trading and investing in various financial assets. They provide a safe and effective means of holding and managing assets with their Demat account. Users can invest in derivatives, bonds, IPOs, mutual funds, equities, and more.

Key Features:

Annual Maintenance Charge ₹300 per year
Exchange Membership BSE, NSE, MCX
PMS Services Not Available
Per Transaction Charge ₹50 per transaction for delivery trades

₹20 per transaction for Intraday trades

Trading Platforms ABTrade, Mobile App
Customer Service Phone, Email, Chat
Investment Options Equity, Derivatives, Currency, Commodity, Mutual Funds, IPOs

Pros & Cons:

Pros Cons
Instant paperless account opening No IPO Services
No Call and Trade charges No 3-in-1 Account
Widespread physical presence High account opening fee or AMC charges

What Is It Best For?

Diverse Investment Options

User Testimonial That Was On Point

Aditya Birla Money ensures secure, seamless trading and holding of my securities electronically.

  1. Upstox Demat Account

The Demat account that Upstox provides makes it easier to trade and retain financial securities in digital form. With cutting-edge trading platforms and research tools, it offers a flawless trading experience. The Demat account offered by Upstox is renowned for its accuracy and quickness in trading.

Key Features:

Annual Maintenance Charge ₹150 per year
Exchange Membership BSE, NSE, MCX
PMS Services Not Available
Per Transaction Charge ₹20 fixed per completed order for F&O, delivery, and intraday trades
Trading Platforms Upstox Pro, Upstox MF, Upstox API
Customer Service Phone, Email, Chat
Investment Options Equity, Derivatives, Currency, Commodity, Mutual Funds, IPOs, Bonds

Pros & Cons:

Pros Cons
Flat ₹ 20 per trade Slow account opening process
No account opening fee or AMC charges No 3-in-1 account
Backed by investors Limited offline presence

What Is It Best For?

User-friendly Platform

User Testimonial That Was On Point

Upstox simplifies stock trading, offering transparent pricing and easy tracking — all in one account.

  1. 5Paisa Demat Account

Leading Indian online broker 5Paisa provides a feature-rich trading platform. The Demat account makes electronic share, mutual fund, and exchange-traded fund (ETF) management easier. It additionally has a simple account setup process. They provide intraday funding at 0% interest, daily investing calls, specialty accounts, and real-time options data.

Key Features:

Annual Maintenance Charge ₹300 per year
Exchange Membership BSE, NSE, MCX
PMS Services Available
Per Transaction Charge ₹20 fixed per completed order for F&O, delivery, and intraday trades
Trading Platforms 5paisa (Mobile Trading App)

Trade Station EXE (Desktop Trading platform)

Trade Station Web (Browser-based platform)

Algo Trading (Automated trading tool)

Robo Advisory (Mutual Fund Selector)

Customer Service Phone, Email, Chat
Investment Options Equity, Derivatives, Currency, Commodity, Mutual Funds, IPOs, Bonds

Pros & Cons:

Pros Cons
Flat ₹ 20 brokerage charges Margin funding offered without notice
Instant paperless account opening Higher exchange transaction charges
Multilingual trading app No option for fixed plans

What Is It Best For?

Competitive Brokerage Rates

User Testimonial That Was On Point

5Paisa provides cost-effective trading solutions, making investing hassle-free and efficient.

  1. Groww Demat Account

With Groww’s Demat account, investors may purchase stocks, mutual funds, exchange-traded funds (ETFs), and US equities, among other financial instruments. The platform offers a smooth investing experience and easily creates an account.

Key Features:

Annual Maintenance Charge Free
Exchange Membership BSE, NSE, MCX, and NCDEX
PMS Services Available
Per Transaction Charge ₹8 + ₹5.50 (CDSL Charges) per ISIN
Trading Platforms Website and Mobile App
Customer Service Phone, email, and chat
Investment Options Equity, Currency, Commodity, Mutual Funds, IPOs

Pros & Cons:

Pros Cons
Flat ₹ 20 brokerage charges Limited investment products
No Account Opening Fee or AMC charges No research or recommendation
Instant paperless account opening No offline presence

What Is It Best For?

Simplified Investing Experience

User Testimonial That Was On Point

Groww’s intuitive platform lets me easily invest in stocks, mutual funds, and more.

  1. Angel Broking Demat Account

A Demat account from Angel Broking gives investors a platform to invest in various financial products. It provides the best trading account in India with even better cutting-edge trading platforms and research resources for a smooth trading experience. The Demat account offered by Angel Broking is renowned for its inexpensive brokerage costs and easy-to-use interface.

Key Features:

Annual Maintenance Charge ₹240 per year
Exchange Membership BSE, NSE, MCX, NCDEX, CDSL, NSDL
PMS Services Available
Per Transaction Charge ₹20 per transaction
Trading Platforms Angel Broking App, Angel SpeedPro, Angel BEE
Customer Service Phone, Email, Chat
Investment Options Equity, Derivatives, Currency, Commodity, Mutual Funds, IPOs, Bonds

Pros & Cons:

Pros Cons
Meager brokerage fees Margin funding offered without notice
Flat fee structure No SME trading
Beginner training available Cross-selling initiatives

What Is It Best For?

Research & Advisory Services

User Testimonial That Was On Point

Angel Broking offers a comprehensive trading experience backed by expert insights.

  1. Kotak Securities Demat Account

One of Kotak Mahindra Bank’s subsidiaries, Kotak Securities, provides a feature-rich online trading platform. Their Demat account offers easy account opening, exposure to many industries, and smooth trading. They provide a variety of account kinds, including a free youth account, along with services like intraday funding, investment calls, and real-time option chains.

Key Features:

Annual Maintenance Charge ₹600 per year
Exchange Membership BSE, NSE, MCX, and NCDEX
PMS Services Available
Per Transaction Charge 0.04% + NSDL or min ₹20 per executed order
Trading Platforms Kotak Neo, KEAT Pro X, Kotak Stock Trader
Customer Service Phone, email, and chat
Investment Options Equity, Currency, Commodity, Mutual Funds, IPOs, and Bonds

Pros & Cons:

Pros Cons
Combines Savings, Trading, and Demat accounts Age limit for zero brokerage
Comprehensive research included High Equity delivery charge (0.25%)
Various brokerage programs to meet your needs Pricey brokerage plan with dealer assistance (0.39% delivery, ₹ 30 per lot options)

What Is It Best For?

Robust Security Measures

User Testimonial That Was On Point

Kotak Securities ensures secure asset management, simplifying my investment journey.

  1. SBICAP Securities Demat Account

SBICAP Securities offers a 3-in-1 account with trading and demat accounts. The Demat account provides a platform for investing in several financial products.

Key Features:

Annual Maintenance Charge ₹350 per year
Exchange Membership BSE, NSE, MCX, and NCDEX
PMS Services Not Available
Per Transaction Charge ₹20 per executed order
Trading Platforms SBISMART
Customer Service Phone, email, and chat
Investment Options Equity, Currency, Commodity, Mutual Funds, IPOs, and Bonds

Pros & Cons:

Pros Cons
Reputable Company No fixed discount brokerage plan
Wide range of investment products No desktop software
Online and offline account management Less focus on technology-driven solutions

What Is It Best For?

Wide Range of Financial Products

User Testimonial That Was On Point

SBICAP Securities provides a reliable platform for trading and managing my assets.

  1. ICICI Direct Demat Account

One of ICICI Bank’s subsidiaries, ICICI Direct, provides an extensive online trading platform. You may trade a variety of securities with ease using their Demat account. They feature daily investment calls, real-time option chains, specialized services for FnO traders, and a variety of account kinds, including free accounts for children.

Key Features:

Annual Maintenance Charge ₹300 per year
Exchange Membership BSE, NSE, MCX-SX, NCDEX, MCX
PMS Services Available
Per Transaction Charge ₹35 per transaction
Trading Platforms ICICIdirect.com, ICICIdirect Mobile App, Trade Racer
Customer Service Phone, email, and chat
Investment Options Equity, Derivatives, Currency, Mutual Funds, ETFs, Bonds, Insurance and Loans etc

Pros & Cons:

Pros Cons
Combines Savings, Trading, and Demat accounts Limited customer support options
Access to expert recommendations Occasional technical issues
Streamlined interface for seamless transactions Various charges for different services

What Is It Best For?

Integrated Banking & Trading Platform

User Testimonial That Was On Point

For over a decade, I’ve enjoyed a user-friendly experience on ICICIdirect.com, facilitating informed investment decisions efficiently.

How to Choose Top Demat Account In India?

We chose the aforementioned demat account list after conducting a thorough review. Here are the steps taken to select the top 10 and rank them accordingly:

  • The reputation and performance history of the broker
  • Brokers who provide an easy-to-navigate digital account opening procedure
  • Costs and fees for demat accounts, including those for opening, maintaining, and making transactions
  • Smooth connection between the bank and the broker
  • The stability, functionality, and friendliness of the trading platform
  • The caliber of customer service, including speed of response and aptitude for troubleshooting
  • Essential components such as advising services, instructional materials, and research tools


The Final Word

Experienced investors and novices to the stock market trading world may benefit from our thorough top ten demat account list in India. The selection highlights powerful features, competitive pricing structures, user-friendly interfaces, and excellent customer support — all essential considerations when selecting the best Demat account — to cater to various investor demands.

When looking for their first Demat account, newbie traders should consider not just price but also features like user-friendliness, educational materials, and dependable security. You may confidently choose the best Demat account for beginners from our carefully selected list, knowing they will be well-equipped to navigate the financial markets effectively.

FAQs

  1. Which is the best demat account in India?

Zerodha provides the best one in terms of charges, orders, security and facilities. A Demat account is a digital depository for securities such as stocks, bonds, ETFs, etc. so it is necessary to choose the best one.

  1. How Do You Open Demat Account?

Here are the steps you need to consider to open the Demat account.

  • Choose a DP, such as a financial institution, brokerage, or bank.
  • Fill out the application, making sure to include all necessary information.
  • Gather the necessary paperwork
  • Send the paperwork in person at the DP’s office or online.
  • Await your Demat account’s approval and activation.
  1. What Paperwork Is Required To Open The Demat Account In India?

If you need to open a regular account, the documents required:

  • Proof of identity (PAN card, Aadhar card, passport, voter ID, driver’s license)
  • Proof of address (Aadhar card, passport, utility bills, bank statements, rental agreements)
  • Proof of income (ITR, salary slips, audited annual accounts)
  • Active bank account with the recent statement or canceled cheque
  • Signature on white paper
  • Photograph
  1. Is There Any Eligibility For A Demat Account Opening?
  • Should be a major (18 years old)
  • A resident Indian, NRI, corporation, partnership firm, bank, registered or unregistered trust, mutual fund, or society
  • Parents or legal guardians should manage a minor’s account.
  1. What Are The Different Types Of Demat Accounts?

Three main categories of Demat accounts are as follows:

  • Regular Demat Account:

Indian citizens use this to trade stocks and other assets.

  • Repatriable Demat Account:

Allows NRI’s who invest in Indian equities to transfer their gains and invested capital back to their place of origin.

  • Non-Repatriable Demat Account:

Aimed at NRIs who want to invest in Indian stocks long-term but cannot return their gains to their home country.

SEBI has also introduced a Basic Services Demat Account (BSDA) to promote financial inclusion. For smaller investors up to the limit of 2 lakhs, this account eliminates or lowers yearly maintenance fees.

  1. What Is The Minimum Amount To Open The Demat Account?

No minimum balance is required to open the demat account. Nevertheless, other fees, such as annual maintenance and account opening costs, might be. The costs may change depending on whatever Depository Participant (DP) you select.

 

By Thetopstockbroker | May 21, 2024
Disclaimer: Information given in this article is for guidance only. we have intention to educate new investors. It is recommended to do proper research by investors before investing.