Do you want to try your hand at stock trading? If this is the so, you must first create the best demat account in India. There are numerous stock brokers in the share market who provide top demat account in India, but this does not mean you should select anyone blindly.
There are several online Demat account providers in the stock market. Quality, on the other hand, is not defined by quantity. So, in order to get the Best Demat Account in India, the correct method must be followed.
There are several trading platforms that provide a complete list of the best Demat accounts in India. You don't have to be concerned about the process. Needs to concentrate on a few important aspects to make the account loud to your wish. You can check by comparing those Demat and trading accounts based on the features specified.
What actually is a Demat account?
A Dematerialized or Demat account is one that allows users to maintain their financial instruments in electronic form. This means that it allows people to keep shares, bonds, stocks, and mutual funds in electronic form. A Demat account is similar to a savings account in that it is used to hold your money.
An investor/trader in India opens an online Demat account after registering with a stockbroker (Discount Broker/Full-service Broker). Indian share traders should have the best Demat account in India in order to trade shares in the most professional manner.
Documents are required to open the best Demat Account in India online
- Passport size photograph
- PAN Card
- Aadhar Card
- Bank Account Details
- Blank paper for signature
So Lets check out the Best Demat Account in India – List of Top 14 Demat Account Online
1. Groww Demat Account
Groww, which started as a mutual fund platform, is a Bengaluru-based online discount broker in India that charges a standard brokerage across a variety of products such as IPOs, stocks, and mutual funds.
Investors can also invest in digital gold, fixed deposits, US stocks, and other assets through the stockbroker. Groww, as an online broker, does not provide any tips, recommendations, or research services. A fantastic option for the best online demat account in India.
Groww Fees & Charges:
- Brokerage Charges: Rs. 20/Trade
- Account Opening Charges: Rs. 0 (Free)
- Annual Maintanance Charges: Rs. 0 (Free)
2. Zerodha Demat Account
With over 1 crore customers, Zerodha is the largest and most trusted discount broker. Since the discount broker is best known as a trendsetter in the discount broking segment, it also provides excellent customer service, giving it an edge in the market.
Zerodha charges a lower brokerage cost of 0.03% per completed order, whichever is less. If you trade in large volumes, you can save up to 90% compared to other full-service stockbrokers. At Zerodha, stock delivery is completely free.
With Zerodha, you'll receive a Kite trading platform with rich charts, a sleek user interface, and other features for enhanced technical analysis. It is undoubtedly an excellent option for anyone searching to create the best Demat account in India.
Zearodha Fees & Charges:
- Brokerage Charges: Zero for Delivery. Rs20/trade for all others
- Account Opening Charges: Rs. 200
- Annual Maintanance Charges: Rs. 300/year
3. Upstox Demat Account
When it comes to customer service, Upstox is one of the top Demat accounts in India. Their customer service is competent, experienced, and welcoming, and they can address clients' problems in nearly no time.
You can benefit from a 3-in-1 Demat account that is associated with your IndusInd Bank account. It provides robust alerts and notifications to keep you up to speed on the new updates in your trading account portfolio, industry, and market, making it the best Demat account in India.
Upstox Fees & Charges:
- Brokerage Charges: Rs. 20/Trade
- Account Opening Charges: Rs. 0 (Free)
- Annual Maintanance Charges: Rs. 0 (Free)
4. Paytm Money Demat Account
A Paytm Money Demat Account is quite beneficial to traders since the company offers several options through it. The broker house intends to provide all of its services through a digital media that is available to anyone.
The Paytm Money Trading Account is also beneficial to traders since it provides a wealth of relevant trading recommendations. The trading platform features a completely automated recommendation engine.
Paytm Money Fees & Charges:
- Brokerage Charges: Rs. 15/Trade
- Account Opening Charges: Rs. 200
- Annual Maintanance Charges: Rs. 300/year
5. Angel One Demat Account
Angel one (formerly Angel Broking) was founded in 1987 and is one of India's most reputable full-service retail stockbrokers.
The full-service stock broker offers the best demat account in India as well as a variety of trading and investment services such as stock and commodity trading, investment advisory, loans against shares, margin funding, and other financial products. Currently, the company has over 100 branches and 11000 sub-broker offices spread over 1800+ locations.
Angel One Fees & Charges:
- Brokerage Charges: Zero for Delivery. Rs. 20/trade for all others
- Account Opening Charges: Rs. 0 (Free)
- Annual Maintanance Charges: Rs. 240 + taxes /year
6. 5Paisa Demat Account
5paisa is India's fast rising discount broker, providing trading and investing services in a variety of markets such as equities, derivatives (F&O), and currencies. 5paisa is a BSE and NSE listed company. 5paisa has had unrivalled access to technologies created by its parent company IIFL for over two decades in the retail broking sector.
IIFL promotes and supports 5paisa. The brokerage company now has over 1.2 million clients. Traders and investors may use 5Paisa to open the best demat account and invest in the equities, commodities, and currency markets.
5Paisa Fees & Charges:
- Brokerage Charges: Rs. 20/Trade
- Account Opening Charges: Rs. 0 (Free)
- Annual Maintanance Charges: Rs. 300/year
7. Nuvama (Edelweiss) Demat Account
Nuvama Wealth & Investment Limited (previously Edelweiss Broking Ltd.) is a full-service stockbroker situated in Mumbai, India. Nuvama Wealth is a CDSL and NSDL depository participant that provides free demat account opening services.
Edelweiss Demat Account can be accessed by customers via the Nuvama mobile trader app, the web, and X3 desktop trading interface.
Nuvama Fees & Charges:
- Brokerage Charges: Rs. 10/trade
- Account Opening Charges: Rs. 0 (Free)
- Annual Maintanance Charges: Rs. 500/year
8. Kotak Securities Demat Account
Kotak Securities is a reputed full-service broker in India that offers discount brokerage as well as premium full-service products through its Trade FREE Plan.
Kotak Securities was a full-service broker with premium services but hefty brokerage fees in the past. However, with the entry of discount brokers into the Indian stock broking sector, they began to face stiff competition from new disruptors such as Zerodha and Upstox.
Kotak Securities Fees & Charges:
- Brokerage Charges: Rs. 20/trade
- Account Opening Charges: Rs. 0 (Free)
- Annual Maintanance Charges: Rs. 550/year
9. Dhan Demat Account
Do you require a reliable Demat and trading account? If so, you should think about Dhan. It is a sophisticated platform with a user-friendly interface and a variety of tools to help you make smart trading decisions. The best advantage of Dhan is that you can trade immediately on TradingView Chart.
Dhan is a low-cost solution for investors and traders. It does not charge any account opening fees, yearly maintenance fees, or platform costs.
Dhan Fees & Charges:
- Brokerage Charges: Rs. 20/trade
- Account Opening Charges: Rs. 0 (Free)
- Annual Maintanance Charges: Rs. 0 (Free)
10. ICICI Direct Demat Account
ICICI Direct is one of India's top-rated retail stockbrokers, providing best-in-class trading services to over 50 lacs consumers.
Traders and investors can trade in stock, commodities, and currencies on the BSE, NSE, and MCX. There is also the ability to invest in IPOs, mutual funds, NCDs, fixed deposits, house loans, and loans against securities, among other things.
ICICI Direct Fees & Charges:
- Brokerage Charges: 0.55%
- Account Opening Charges: Rs. 0 (Free)
- Annual Maintanance Charges: Rs. 700/year
11. Motilal Oswal Demat Account
Motilal Oswal does extensive research to give consumers with sound guidance. They also provide portfolio management services to assist you in managing your complete portfolio and making sound decisions.
It is one of India's oldest demat accounts, offering financial services. Their knowledge in financial services such as Demat accounts is unparalleled and difficult to match. Motilal Oswal has over 1700 branch locations to give support and assistance in addition to online help.
Motilal Oswal Fees & Charges:
- Brokerage Charges: 0.50%
- Account Opening Charges: Rs. 0 (Free)
- Annual Maintanance Charges: Rs. 550/year
12. IIFL Demat Account
IIFL Demat Account has been in the market for more than 25 years. It allows you to create a Demat account for free and provides market analysis tools so that you can invest when you understand the market patterns.
Trading and value investing would require a percentage-based brokerage fee. The Investor plan, Premium plan, and Super Trader plan are the three brokerage plans offered by IIFL. The high volume traders favour IIFL.
IIFL Fees & Charges:
- Brokerage Charges: Rs. 20/trade
- Account Opening Charges: Rs. 0 (Free)
- Annual Maintanance Charges: Rs. 250 + taxes /year
13. Sharekhan Demat Account
Sharekhan, widely regarded as India's third largest full-service stockbroker, is unquestionably a reputable name in the sector of full-service broking. Sharekhan has over 18 lakh clients and provides trade execution services for equity cash and derivatives categories on the BSE and NSE, as well as commodities trading capabilities on the MCX and NCDEX.
It has exceeded its 500+ branches in India. As a traditional broker, it also maintained its market position and supplied one of the Best Demat Accounts in India with a free Call & Trade feature.
Sharekhan Fees & Charges:
- Brokerage Charges: 0.50%
- Account Opening Charges: Rs. 0 (Free)
- Annual Maintanance Charges: Rs. 400
14. HDFC Securities Demat Account
HDFC Securities is a subsidiary of HDFC Bank and an equity trading company. HDFC Demat Accounts and Trading Accounts provide web trading as well as trading via trusted phone apps.
The HDFC Securities trading account has a three-in-one function that combines your HDFC Demat and trading accounts with your existing HDFC bank savings account. With such integration, you can avoid wasting time when moving your cash and shares. HDFC Bank has a large network throughout India, and HDFC Securities is also included in the Best Demat Account in India catalogue.
HDFC Securities Fees & Charges:
- Brokerage Charges: 0.50%
- Account Opening Charges: Rs. 999
- Annual Maintanance Charges: Rs. 750
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