When it comes to managing your investments, having the best demat account can make a world of difference. From seamless transactions to secure storage of your securities, a reliable demat account is essential for modern-day investors.
In this blog post, we will explore the key features and benefits of the top demat accounts in the market, helping you make an informed decision for your investment journey. Let's dive in and discover the best demat account options available to enhance your trading experience.
What is a Demat account?
A Demat account is an electronic account that holds securities like stocks, bonds, and mutual funds in a digital format. This account eliminates the need for physical share certificates and makes trading and investing more convenient.
With a Demat account, investors can buy, sell, and transfer securities seamlessly, making it a popular choice for modern investors looking for a secure and efficient way to manage their investments.
Here is a List of 25 Best Demat Accounts in India:
1. Zerodha
Zerodha is among the best demat account platforms in India. It is known for its low fees and user-friendly interface, making it a preferred choice for many traders and investors. With a focus on technology and innovation, Zerodha offers a range of tools and resources to help users make informed investment decisions.
Zerodha Account Opening Process
Required documents for trading: PAN, Signature, Aadhaar number and Bank details
Process:
Go to the website or download the app
Enter your mobile number and confirm OTP
Enter your details like name, Email ID, PAN, Date of Birth etc.
Pay for account opening using your card or UPI
Confirm Aadhaar details
Enter details like mother's name, father's name etc. in the 'Profile Page'
Link your bank account
Do the webcam verification
Upload necessary documents
Do the E-sign for Equity and you're done!
Zerodha Charges and Fees
Zerodha is transparent about its pricing and does not charge any hidden fees, thus falling among the ranks of best demat account India. Zerodha brokerage is only ₹100 per order, making it an attractive option for traders looking to minimize costs.
Here is table for Zerodha Demat Account Charges and Fees:
Charges and Fees | Details |
Account Opening Charges | ₹200 |
Annual Maintenance Charges (AMC) | if amount is less than (₹50,000) - ₹0 if amount is more than (₹50,000) - ₹300/month + 18% GST charged every 90 days |
Brokerage Charges | ₹100 per order |
Transaction Charges | XC, XD, XT, Z and ZP groups - ₹10,000 per crore SS and ST groups - ₹1,00,000 per crore E, F, FC, G, GC, W and T - ₹375 per crore |
Other Fees | Call & trade - ₹50 Account with debit balance - ₹40 SEBI Charges - Charged at ₹10 per crore DP (Depository participant) charges Pledging charges - ₹30 per pledge Corporate action order charges - ₹20 Off-market transfer charges - ₹25 or 0.03% of the transfer value Physical CMR request - ₹20 + ₹100 (courier charge) Payment gateway charges - ₹9 |
Taxes | 18% GST on all charges |
Also Read: Zerodha Refer and Earn
2. Upstox
Upstox is on our list of best demat account in India for beginners because it offers a range of trading and investment options for users. It provides access to various investment products, including stocks, commodities, currencies, and mutual funds. Upstox is a convenient choice for those looking to trade in the financial markets.
Upstox Account Opening Process
Required documents for trading: PAN, Signature, Aadhaar number and Bank details
Process:
Go to the website or download the app
Enter your mobile number and verify it with OTP
Next, verify your mobile number by entering the OTP sent on that number
Now you can login & click on the 'Create Upstox Account' button at the top
Enter your email address and verify it
Enter personal details and upload photos/documents
Allow access to your camera to capture a 'live photograph'
Link your Savings/Current bank account for fund transfers
Verify your Aadhaar and you're done!
Upstox Charges and Fees
Here is table for Upstox Demat Account Charges and Fees:
Charges and Fees | Details |
Account Opening Charges | ₹ 0 |
Annual Maintenance Charges (AMC) | ₹ 0 |
Brokerage Charges | ₹ 20 |
Transaction Charges | ₹18.5 per scrip per day only on sell |
Other Fees | SEBI Charges - ₹10/crore Stamp Duty - ₹300/crore to ₹1500/crore (varies) Statutory Charges (upto 31st Mar): Equity Delivery - 0.1% on buy & sell Equity Intraday - 0.025% on the sell side     Equity Futures  - 0.01% on sell side Equity Options - 0.05% on sell side (on premium) Statutory Charges (from 1st Apr): Equity Delivery - 0.1% on buy & sell Equity Intraday - 0.025% on the sell side     Equity Futures  - 0.0125% on sell side Equity Options - 0.0625% on sell side (on premium) |
Taxes | 18% (on brokerage + transaction + demat charges) |
Also Read:Â Upstox Refer and Earn
3. 5paisa
5paisa is the best demat account platform to start online trading in share market. It offers low-cost brokerage services and a variety of investment options, making it an attractive investment option for many.
5paisa Account Opening Process
Documents Required: PAN, Bank details and Aadhaar.
Process:
Go to the website or download the app
Verify Mobile Number and Email.
Enter PAN and Bank Details.
Verify the details you entered.
Upload your documents via Digilocker.
Take a Selfie to confirm your identity.
Put your E-sign the form.
Done!
5paisa Charges and Fees
Here is table for 5paisa Demat Account Charges and Fees:
Charges and Fees | Details |
Account Opening Charges | ₹0 |
Annual Maintenance Charges (AMC) | ₹25/ month + 18% GST |
Brokerage Charges | ₹20 |
Transaction Charges | For UPI and IMPS - ₹0 For Net Banking - ₹10/transfer |
Other Fees | Trading over call - ₹100 per call Square off - ₹50 + GST of 18% Call N Trade - ₹50 + GST of 18% Offers For Sales - ₹20 + GST |
Taxes | 18% GST |
Also Read:Â 5paisa Refer and Earn
4. Angel Broking
A platform known among the best demat account for beginners is Angel Broking. Its research and advisory services caters to both beginner and advanced traders. It's user-friendly interface appeals to a lot of people.
Angel Broking Account Opening Process
Documents Required: PAN, Aadhaar card, Educational proof (minimum intermediate), Residential address proof, Office address proof, Four photographs and a Reference letter from a chartered accountant.
Process:
Visit the Angel One website: https://www.angelone.in/open-demat-account
Click on the "Open Demat Account" tab.
Fill out the form with your personal details, including your name, mobile number, and city.
Verify your mobile number and email ID with the OTPs sent.
Choose a Depository Participant (DP) to open the account with.
Complete the eKYC process by uploading scanned copies of your PAN card, address proof, and other required documents.
You will need to take a selfie and provide your signature electronically.
Once your documents are verified, your Demat account will be opened.
Angel Broking Charges and Fees
Here is table for Angel Broking Demat Account Charges and Fees:
Charges and Fees | Details |
Account Opening Charges | ₹0 |
Annual Maintenance Charges (AMC) | For Non-BSDA - ₹20 + GST/Month For BSDA (Basic Services Demat Account):< ₹50,000 - ₹0 > ₹50,000 - ₹100 + GST/Year |
Brokerage Charges | ₹20 |
Transaction Charges | STT (Securities Transaction Tax) - ₹0 Stamp Duty - 0.0001% to 0.003% DP Charges: ₹20 + GST/Debit Transaction for Non-BDSA ₹50 + GST/Debit Transaction for BSDA |
Other Fees | SEBI Charges - ₹10 / Crore Call & Trade - ₹20/Order Square off Charges - ₹20/Order Pledge Creation/Closure: ₹20 per ISIN for non-BDSA ₹50 per ISIN for BSDA Clients DematView - ₹50 Per Certificate |
Taxes | 18% GST |
5. Groww
Groww ranks among the top best demat account India for its functionality. This user-friendly investment app is popular for its simplicity and ease of use, especially for new investors.
Groww Account Opening Process
Documents required: PAN, Aadhaar, passport size photo, Address and Bank proof.
Process:
Go to the website or download the app
Enter your email address and mobile number
An OTP will be sent to you to verify your phone number
Enter your PAN and bank details
Click on 'Complete Setup' under the Stocks tab
Click on the Open Stocks account
Enter your details to complete the KYC process
Upload your documents for KYC
Put your E-sign the account opening form and you're done!
Groww Charges and Fees
Here is table for Groww Demat Account Charges and Fees:
Charges and Fees | Details |
Account Opening Charges | ₹0 |
Annual Maintenance Charges (AMC) | ₹0 |
Brokerage Charges | ₹20/order |
Transaction Charges | STT (Securities Transaction Tax): Intraday – 0.025% (sell) Delivery – 0.1% (buy & sell) Futures – 0.0125% (sell) Options – 0.0625% (sell) Stamp Duty: Intraday – 0.003% (buy) Delivery – 0.015% (buy) Futures – 0.002% (buy) Options – 0.003% (buy) DP Charges (for Equity Delivery): ₹0 (for individuals) ₹13.5 (for company) |
Other Fees | Pledge - ₹0 Withdrawal Charges - $9/withdraw Exchange fee - $0.02/transaction SEBI Turnover - 0.0001% Investor Protection Fund Trust Charge – 0.0001% (NSE buy & sell) |
Taxes | 18% GST |
Also Read:Â Groww Refer and Earn
6. Paytm Money
Paytm Money is definitely one of the best demat account lowest brokerage in India. It combines investment options with the convenience of digital payments, making investing accessible to a wide audience.
Paytm Money Account Opening Process
Documents required: PAN, Aadhaar, driving license, bank details etc.
Process:
Go to the website or download the app
Enter your Email and Phone number
Verify your Phone number
Add PAN details and verify it
Submit proof of identification (Aadhaar, driving license etc.)
Add bank details
Put your E-sign and you're done!
Paytm Money Charges and Fees
Here is table for Paytm Money Demat Account Charges and Fees:
Charges and Fees | Details |
Account Opening Charges | ₹0 |
Annual Maintenance Charges (AMC) | ₹50 |
Brokerage Charges | ₹20 |
Transaction Charges | Security Transaction Tax (STT): 0.1% of turnover on buy and sell orders 0.0625% on Sell Side (Premium)Â 0.0125% of turnover on sell orders Exchange Turnover Charges: 0.00325% of turnover for NSE and 0.00375% of turnover for BSE 0.05% on Option premium 0.0019% of Turnover for Futures |
Other Fees | SEBI Turnover - 0.0001% of turnover Stamp Duty: 0.015% of turnover on buy orders 0.003% of turnover (Premium) on buy orders 0.002% of turnover on buy orders Payment Gateway Charges (Netbanking) - Rs. 10 + GST for each fund addition Payment Gateway Charges (UPI) - Rs. 0/- for each fund addition Call & Trade Order - Rs. 100/- per executed order Modification in CML - Rs. 25/- per request |
Taxes | 18% GST |
Also Read:Â Paytm Money Refer and Earn
7. mStock
mStock is among the best demat account lowest brokerage platforms in India! This app is designed for quick and easy stock trading, providing real-time market updates and analysis.
mStock Account Opening Process
Documents required: PAN, Aadhaar, any document for identity verification (like driving license), passport size photos, Address proof, Bank details
Process:
Go to the website or download the app
Enter your Email and Phone number
Fill out the KYC form
Verify your personal details
Choose the Plan you want and make payment for it
Add your bank details
Put your E-sign and done!
mStock Charges and Fees
Here is table for mStock Demat Account Charges and Fees:
Charges and Fees | Details |
Account Opening Charges | ‘Free Delivery for life’ Plan - ₹149 ‘Zero brokerage for life’ Plan - ₹999 |
Annual Maintenance Charges (AMC) | ₹120 (standard AMC Plan) |
Brokerage Charges | ₹0 |
Transaction Charges | Equity Delivery: NSE - 0.00325%, BSE – 0.00375% Equity Intraday: NSE - 0.00325%, BSE – 0.00375% Futures: NSE – 0.0019% Options: NSE – 0.050% (on premium) |
Other Fees | DP Charges - ₹12 Payment Gateway Charges - upto ₹11 Call & Trade - ₹0 MTF Interest Rate - ₹0 SEBI Charges - ₹10/crore |
Taxes | 18% on (brokerage + transaction charges + SEBI charges) |
Also Read:Â mStock Refer and Earn
8. HDFC Securities
HDFC Securities is an online real-time stock trading and tracking platform. It offers a range of investment products and research tools, backed by the credibility of the HDFC brand, making it one of the best demat account bank for beginners.
HDFC Securities Account Opening Process
Documents required: PAN, Aadhaar, any document for identity verification (like driving license), passport size photos, Address proof, Bank detailsÂ
Process:
Go to the website or download the app
Enter your Email and Phone number
Fill out your personal information and bank details
Pick a trading plan
Complete the identity verification process
Upload your documents for KYC
Put your E-sign and you're done!
Note: Account opening might take 2 to 5 days depending on the type of account
HDFC Securities Charges and Fees
Here is table for HDFC Securities Demat Account Charges and Fees:
Charges and Fees | Details |
Account Opening Charges | ₹0 |
Annual Maintenance Charges (AMC) | Infiniti/Imperia - ₹0 Preferred - ₹0 to ₹300 Classic - ₹250 to ₹500 Prime - ₹700 Standard - ₹750 |
Brokerage Charges | Min. ₹25 |
Transaction Charges | Min. Rs. 30/- or 0.04% of the value of the transaction (Max Rs. 4,999/-) |
Other Fees | SEBI Turnover - 0.0001% on turnover (Plus GST 18%) Brokerage scrips less than Rs.10 per share - Minimum brokerage of Rs. 0.05 / unit Securities Transaction Tax (STT) - 0.025% of transaction value (On Sell transaction) Stamp Duty - 0.003% on turnover (Only Buy Transaction) |
Taxes | 18% on Brokerage |
9. ICICI Direct
ICICI Direct is a part of ICICI Securities. It is known for its robust research and analysis tools, catering to a diverse range of investment needs, making it one of the best demat account bank in India.
ICICI Direct Account Opening Process
Documents required: PAN, Signature, Proof of Bank, Financial Document
Process:
Go to the website or download the app
Enter your Email and Phone number
Fill out the KYC form with your personal details
Provide documents for verification
Add your E-sign and done!
ICICI Direct Charges and Fees
Here is table for ICICI Direct Demat Account Charges and Fees:
Charges and Fees | Details |
Account Opening Charges | ₹0 |
Annual Maintenance Charges (AMC) | ₹300 for ICICIdirect Neo customers ₹700 for ICICIdirect |
Brokerage Charges | 0.55% |
Transaction Charges | Buy - ₹0 for transactions done at ICICIdirect platform Sell - 0.04% of the value of securities (Min ₹30 and max ₹25,000) |
Other Fees | Rejection of failure of transfer instruction for delivery (TFID) - ₹30 Reconversion of mutual fund units - ₹25 per instruction Dematerialization of share certificate - ₹50 for each request Rematerialization of share certificate - ₹25 for every hundred securities subject to a maximum fee of ₹3 lakhs or a flat fee of ₹25 per certificate (whichever is higher) Closure of Demat account - ₹0 |
Taxes | 18% on total value of brokerage |
10. Sharekhan
Sharekhan is definitely one of the best demat account in India for beginners. It provides a comprehensive space to investors for trading and investment, with a focus on research and education.
Sharekhan Account Opening Process
Documents required: PAN, Aadhaar, any document for identity verification (like driving license), passport size photos, Address proof, Bank detailsÂ
Process:
Go to the website or download the app
Enter your Email and Phone number
Fill out the KYC form
Add your personal details like name, address, bank details etc.
Provide documents for identity verification
Add your E-sign and you're done!
Sharekhan Charges and Fees
Here is table for Sharekhan Demat Account Charges and Fees:
Charges and Fees | Details |
Account Opening Charges | ₹0 |
Annual Maintenance Charges (AMC) | ₹400 |
Brokerage Charges | 1st leg – 0.10% 2nd leg – 0.02% Next day – 0.10% |
Transaction Charges | STT/CTT Charges (as per Exchange): Equity Delivery - 0.1% (both buy and sell sides) Equity Intraday - 0.025% (sell-side on the avg. rate of buy and sell Equity Futures  - 0.0125% (sell side) Equity Options - 0.0625% on the sell side (on premium) Currency Futures - ₹0 Currency Options - ₹0 Commodity Futures - 0.01% (sell side, non-Agri) Commodity Options - 0.05% (sell side) |
Other Fees | SEBI Turnover Charges - ₹ 10/crore Stamp Charges: Equity Delivery - 0.015% Equity Intraday - 0.003% Equity Futures  - 0.002% Equity Options - 0.003% Currency Futures - 0.0001% Currency Options - 0.0001% Commodity Futures - 0.002% Commodity Options - 0.003% |
Taxes | 18% GST on (Brokerage + Exchange Transaction Charges + SEBI Transaction Fees) |
11. Kotak Securities
Kotak Securities, a subsidiary of Kotak Mahindra Bank, is a well-established brokerage that offers a wide array of investment options along with personalized advisory services for users. Its research insights makes it rank among the best demat account lowest brokerage lists.
Kotak Securities Account Opening Process
Documents required: PAN, Aadhaar, any document for identity verification (like driving license), passport size photos, Address proof, Bank detailsÂ
Process:
Do the Kotak Securities login through website or download the app
Enter your Email and Phone number for verification
Fill out the personal details form for KYC
Provide the required documents for verification
Add your E-sign and done!
Kotak Securities Charges and Fees
Here is table for Kotak Securities Demat Account Charges and Fees:
Charges and Fees | Details |
Account Opening Charges | ₹0 |
Annual Maintenance Charges (AMC) | ₹0 |
Brokerage Charges | ₹0 |
Transaction Charges | Equity Delivery Transaction Charges NSE: 0.00335% BSE: 0.00375% Â Equity Intraday Transaction Charges NSE: 0.00335% BSE: 0.00375% Â Equity Futures Transaction Charges NSE : 0.002% BSE: 0% Â Equity Options Transaction Charges NSE : 0.0505% on Premium BSE: 0.005% on Premium |
Other Fees | SEBI charges - ₹10 per crore Call & trade charges - ₹49+GST/ order Password printing and dispatch - ₹25 Auction charges - On actuals or ₹25/- per auction (W.I.H) Cheque Processing charges - ₹50+ GST (for every cheque deposit or withdrawal) Cheque bounce charges: Online - ₹350 + bank charges Offline - ₹500 + bank charges Fund Transfer Charges: ₹0 for UPI and Kotak bank payments ₹7 + GST for Net Banking via other banks |
Taxes | 18% on brokerage + transaction charges+ SEBI fees |
Also Read:Â Kotak 811 Refer and Earn
12. IndMoney
IndMoney is a versatile stock investing app that allows users to invest in mutual funds, stocks, and other financial products seamlessly. Its smooth functioning interface make it rank high among the best demat account lowest brokerage for beginners.
IndMoney Account Opening Process
Documents required: PAN, Aadhaar, any document for identity verification (like driving license), passport size photos, Address proof, Bank detailsÂ
Process:
Go to the website or download the app
Enter your Email and Phone number
Enter your details like name, Email ID, PAN, Date of Birth etc.
Pay for account opening using your card or UPI
Confirm Aadhaar details
Enter your personal details
Link your bank account
Do the identity verification
Upload necessary documents
Do the E-sign for Equity and you're done!
IndMoney Charges and Fees
Here is table for IndMoney Demat Account Charges and Fees:
Charges and Fees | Details |
Account Opening Charges | ₹0 |
Annual Maintenance Charges (AMC) | ₹0 |
Brokerage Charges | ₹20 |
Transaction Charges | Exchange Transaction Charges (For both Buy & Sell): Delivery - 0.00325% NSE Intraday - 0.00375% BSE Futures - 0.0019% (on contract value) NSE 0 BSE Options - 0.050% (on premium) NSE 0.0050% (on premium) BSE  STT: Delivery - 0.10% (buy and sell) Intraday - 0.025% (sell) Futures – 0 (buy) and 0.0125% (sell) Options - 0 (buy) and 0.0625% (on Premium sell) |
Other Fees | SEBI Charges (For both Buy & Sell) – 0.0001% of Turnover  Stamp Duty: Delivery - 0.015% (Buy) Intraday - 0.003% (Buy) Futures - 0.002% (Buy) and 0 (Sell) Options - 0.003% (Buy) and 0 (Sell)  Deposit using Net banking - ₹10 Auto Square off charges (For Open Intra Day Positions) - ₹50 per position Call & Trade charges - ₹500 per order |
Taxes | 18% On Brokerage, DP Charges, Exchange Transaction Charges, SEBI Turnover Charges and Auto Square-off Charges |
Also Read:Â IndMoney Refer and Earn
13. Axis Direct
Axis Direct is a prominent brokerage firm under Axis Bank. It is an intuitive stock trading platform that offers a smooth trading experience and a variety of investment opportunities, making it one of the best demat account bank in India.
Axis Direct Account Opening Process
Documents required: PAN, Aadhaar, any document for identity verification (like driving license), passport size photos, Address proof, Bank detailsÂ
Process:
Go to the website or download the app
Enter your Email and Phone number
Verify your mobile number by entering the OTP that is sent to you
Enter personal details and upload photos/documents
Allow access to your camera to verify your indentity in real time
Link your bank account
Add your E-sign and you're done!
Axis Direct Charges and Fees
Here is table for Axis Direct Demat Account Charges and Fees:
Charges and Fees | Details |
Account Opening Charges | ₹0 |
Annual Maintenance Charges (AMC) | Regular Demat Account - ₹750 onwards BSDA Accounts - ₹100 |
Brokerage Charges | Min ₹25 |
Transaction Charges | Credit Transactions - ₹0  Debit Transactions (Other than Debt Securities): Regular Demat Account – 0.04% or ₹25 BSDA Accounts - 0.06% or ₹50  Debit Transactions (Debt Securities) – min ₹50 and max ₹500/transaction |
Other Fees | Demat Charges - ₹5/certificate or ₹50/request Courier Charges - ₹100 Ad-hoc Statement - ₹100 Pledge Creation/Closure/Invocation - ₹25 Closure/Invocation: Regular Demat Account – 0.04% or ₹50 BSDA Accounts - 0.06% or ₹50 |
Taxes | 18% GST |
14. Motilal Oswal
Motilal Oswal is a well-regarded financial services company. A reputable platform known for its research-driven approach and a wide range of investment products. Its expertise in stock trading and comprehensive research reports make it stand out as the best demat account app.
Motilal Oswal Account Opening Process
Documents required: PAN, Aadhaar, any document for identity verification (like driving license), passport size photos, Address proof, Bank detailsÂ
Process:
Go to the website or download the app.
Enter your Email and Phone number.
Enter PAN and Bank Details.
Verify the details you entered.
Upload your documents via Digilocker.
Allow access to camera to confirm your identity.
Put your E-sign the form.
And you're done!
Motilal Oswal Charges and Fees
Here is table for Motilal Oswal Demat Account Charges and Fees:
Charges and Fees | Details |
Account Opening Charges | ₹0 |
Annual Maintenance Charges (AMC) | ₹200 |
Brokerage Charges | Intraday trading charges - 0.02% of transaction volume Delivery charges - 0.2% of trading volume Options trading charges – ₹20/lot |
Transaction Charges | Equity Delivery: 0.00325% NSE and 0.00375% BSE  Equity Intraday: 0.00325% NSE and 0.00375% BSE  Equity Futures: (0.0019%) NSE and ₹0 BSE  Equity Options: 0.05% NSE and 0.037% BSE (on premium) Currency Futures: 0.0009% NSE and 0.0009% BSE  Currency Options: 0.04% NSE and 0.001% BSE (on premium)  Commodity: 0.0025% MCX |
Other Fees | SEBI Charges - ₹10/Crore  Stamp Duty (On buy side only): Delivery - 0.015% Intraday - 0.003% Equity Futures - 0.002% Equity Options - 0.003% Currency F&O - 0.0001% Commodity Futures - 0.002% Commodity Options - 0.003% (MCX) |
Taxes | 18% on transaction charges and brokerage costs |
15. Nuvama
Formerly called Edelweiss, Nuvama provides comprehensive investment solutions with a user-friendly interface. It provide investors with ownership in the company, which allows them to rank among the best demat account India lists.
Nuvama Account Opening Process
Documents required: PAN, Aadhaar, any document for identity verification (like driving license), passport size photos, Address proof, Bank detailsÂ
Process:
Go to the official website or download the app
Enter your Email and Phone number and verify it
Fill out the KYC form with your personal details
Provide documents for verification
Allow access to camera for identity verfication
Put your E-sign and done!
Nuvama Charges and Fees
Here is table for Nuvama Demat Account Charges and Fees:
Charges and Fees | Details |
Account Opening Charges | ₹0 |
Annual Maintenance Charges (AMC) | ₹500 |
Brokerage Charges | ₹10 |
Transaction Charges | ₹20/ per Sell transaction |
Other Fees | SEBI Charges - ₹10/Crore  For ‘Lite’ Plan: Margin / Funding (Leverage) - For FNO 50% Cash + 50% Stock Margin required. Shortfall charged at 0.05% / day in case 50% cash not maintained Delayed Payment Interest (Normal) - 30% Delayed Payment Interest (MTF) - 30% Switching Charges (Only 2 switches allowed) - ₹0 (when switching to Elite) For ‘Elite’ Plan: Margin / Funding (Leverage) - For FNO 50% Cash + 50% Stock Margin required. Shortfall charged at 0.05% / day in case 50% cash not maintained. Delayed Payment Interest (Normal) - 24% Delayed Payment Interest (MTF) - 24% Switching Charges (Only 2 switches allowed) - ₹2500 (when switching to Lite) |
Taxes | 18% on Brokerage, Transaction Charge and SEBI Fee |
16. IIFL Securities
IIFL Securities is a popular online stock trading platform. It also offers a wide range of financial products and services. Its diverse functionality makes it suitable to be on our best demat account India list.
IIFL Securities Account Opening Process
Documents required: PAN, Aadhaar, any document for identity verification (like driving license), passport size photos, Address proof, Bank detailsÂ
Process:
Go to the website or download the app
Enter your Email and Phone number
Fill out the KYC form with your personal details
Provide documents for verification
Add your E-sign and done!
IIFL Securities Charges and Fees
Here is table for IIFL Securities Demat Account Charges and Fees:
Charges and Fees | Details |
Account Opening Charges | ₹0 |
Annual Maintenance Charges (AMC) | ₹250 |
Brokerage Charges | Investor Plan (Online Plus): Equity Delivery % - 0.25% Equity Intraday/ Futures (per lot) – 0.025% Nifty Options (per lot) - ₹25 Stock/ Bank Nifty Options (per lot) - ₹25 Commodity, Currency trading - 0.025% Currency Options (Per lot) - ₹8 Currency Futures (Per lot) - ₹20  Premium Plan (Dedicated RM): Equity Delivery % - 0.50% Equity Intraday/ Futures (per lot) - 0.05% Nifty Options (per lot) - ₹50 Stock/ Bank Nifty Options (per lot) - ₹50 Commodity, Currency trading - 0.050% Currency Options (Per lot) - ₹10 Currency Futures (Per lot) - ₹25  Super Trader Plan (Pro Traders): Equity Delivery % - 0.10% Equity Intraday/ Futures (per lot) - 0.01% Nifty Options (per lot) - ₹10 Stock/ Bank Nifty Options (per lot) - ₹10 Commodity, Currency trading - 0.015% Currency Options (Per lot) - ₹5 Currency Futures (Per lot) - ₹15 |
Transaction Charges | Credit - ₹0 Debit: Investor Plan (Online Plus) - ₹25                 Premium Plan (Dedicated RM) - ₹50 Super Trader Plan (Pro Traders) - ₹10 |
Other Fees | Pledge & Unpledge charges/ ISIN (customer initiated) - ₹10 Re-pledge and Release charges/ ISIN (collaterals) - ₹1 Pledge Invocation Charges - ₹15 Demat/Remat Charges - ₹15 Re-issuance of (Additional) New DIS - ₹ 100 Postal Charges for physical dispatch - ₹40 Pledge charge (Broker Margin Funding) - ₹50 Courier/ physical printing (when requested) - ₹100 |
Taxes | 18% on all eligible charges |
17. SBI Securities
One of the best demat account bank in India is SBI Securities. It is known for its strong research capabilities and customer support. It is very transparent about its fee structure, making SBI Securities appeal to many investors.
SBI Securities Account Opening Process
Documents required: PAN, Aadhaar, any document for identity verification (like driving license), passport size photos, Address proof, Bank detailsÂ
Process:
Go to the website or download the app
Enter your Email and Phone number
Use the OTP sent to you for verification of your phone number
Fill out the KYC form with your personal details
Provide the required documents for verification
Allow access to camera for real time identification
Add your E-sign and done!
SBI Securities Charges and Fees
Here is table for SBI Securities Demat Account Charges and Fees:
Charges and Fees | Details |
Account Opening Charges | ₹850 |
Annual Maintenance Charges (AMC) | Individual - ₹750 Non-Individual - ₹1000 |
Brokerage Charges | Min ₹0.01 |
Transaction Charges (For each debit transaction Sell Market) | With POA /DDPI (applicable for On Market Instruction only) - 0.01% For instruction submitted through internet - 0.01% For instruction submitted through Branches - 0.04% Extra Charges – ₹10/ ISIN for Late submission |
Other Fees | Dematerialisation (for each request form) – ₹35 Dematerialisation (for each certificate) – ₹5 For each ISIN Request - 0.02% or ₹25 Margin / MTF Pledge for creation – ₹15 Margin / MTF Pledge for closure - ₹15 Non-Disposal Undertaking (NDU) - 0.02% or ₹50 By Courier - ₹30 |
Taxes | 18% GST |
18. Reliance Securities
Reliance Securities Limited, a subsidiary of Reliance Capital, is a platform built solely for stock trading purposes. Reliance Securities provides a seamless trading experience with advanced tools, making it rank high among the best demat account in India for beginners.
Reliance Securities Account Opening Process
Documents required: PAN, Aadhaar, any document for identity verification (like driving license), passport size photos, Address proof, Bank detailsÂ
Process:
Go to the website or download the app
Enter your Email and Phone number
Verify your number using the OTP
Fill out the KYC form with your personal details
Provide the required documents for verification
Provide real time identity verification
Add your E-sign and done!
Reliance Securities Charges and Fees
Here is table for Reliance Securities Demat Account Charges and Fees:
Charges and Fees | Details |
Account Opening Charges | ₹0 |
Annual Maintenance Charges (AMC) | Individual / HUFs/ Trust - ₹400/year NRI / Foreign Nationals - ₹0 Corporate / Non-Individuals - ₹1000/year Lifetime Free AMC - ₹2500 |
Brokerage Charges | R- Online Insta Account Plan: Delivery – 0.25% Intraday Cash - 0.25% Future - 0.25% Options - ₹25/lot  R-Fixed Plan: Delivery – 0.50% Intraday Cash – 0.05% Future – 0.05% Options - ₹100/lot |
Transaction Charges | SELL (Market & Off Market) - 0.04 % of transaction value or Min of ₹27 per ISIN  For instructions received through Reliance Securities Ltd. - 0.04 % of transaction value or Min of ₹27 per ISIN |
Other Fees | Call and Trade Charges - ₹20/call Enquiry Charges - ₹5/ enquiry Re-issue of Welcome Kit (Resident Indians) - ₹200 Re-issue of Welcome Kit (Non-Resident Indians) - ₹1000 Physical Electronic contract notes - ₹40 per contract note Physical Ledger/Transaction Statement - ₹40 per statement Delayed Payment Interest (DPI) - 21% |
Taxes | 18% GST |
19. Dhan
Dhan is definitely one of the best demat account app available right now. Its focus on making investing simple and accessible for all, making it an attractive option catering to a diverse range of investors.
Dhan Account Opening Process
Documents required: PAN, Aadhaar, any document for identity verification (like driving license), passport size photos, Address proof, Bank detailsÂ
Process:
Do the Dhan login through the website or download the app
Enter your Email and Phone number
Verify your Phone number using OTP
Add PAN details and verify it
Submit proof of identification (Aadhaar, driving license etc.)
Add bank details
Put your E-sign and you're done!
Dhan Charges and Fees
Here is table for Dhan Demat Account Charges and Fees:
Charges and Fees | Details |
Account Opening Charges | ₹0 |
Annual Maintenance Charges (AMC) | ₹0 |
Brokerage Charges | Equity (Delivery) - ₹ 0 Equity (Intraday) - ₹ 20 or 0.03% per executed order whichever is lower Equity (MTF) - ₹ 20 or 0.03% per executed order whichever is lower |
Transaction Charges | BSE: 0.00375% NSE: 0.00325% Â Securities Transaction Tax (STT): Equity (Delivery) - 0.1% on buy & sell Equity (Intraday) - 0.025% on sell transactions Equity (MTF) - 0.1% on buy & sell |
Other Fees | IPFT Charges - 0.0001% of the turnover SEBI Turnover fees - 0.0001% of the turnover Call & Trade - ₹50 Interest Charges - 0.0438% per day CUSPA Charges - ₹ 12.50 / instruction / ISIN + GST |
Taxes | 18% GST on brokerage + transaction charges + SEBI Turnover fees |
20. Ventura Securities
Ventura Securities is a well-established full-service brokerage providing platform. Ventura Securities offers personalized investment options and expert advice, making it one of the best demat account India.
Ventura Securities Account Opening Process
Documents required: PAN, Aadhaar, any document for identity verification (like driving license), passport size photos, Address proof, Bank detailsÂ
Process:
Go to the website or download the app
Enter your Email and Phone number
Use OTP to verify your phone number
Fill out the KYC form with your personal details
Provide documents for verification
Add your E-sign
And you're done!
Ventura Securities Charges and Fees
Here is table for Ventura Securities Demat Account Charges and Fees:
Charges and Fees | Details |
Account Opening Charges | ₹0 |
Annual Maintenance Charges (AMC) | ₹0 |
Brokerage Charges | Equity Delivery - 0.1% Equity Intraday - 0.01% Equity Futures  - 0.03% Equity Options - ₹18/lot |
Transaction Charges | Transaction Charges Equity Delivery: NSE - ₹335/Crore BSE - ₹375/Crore  Transaction Charges Equity Intraday: NSE - ₹335/Crore BSE - ₹375/Crore  Transaction Charges Equity Futures: NSE - ₹200/Crore BSE - ₹0  Transaction Charges Equity Options: NSE - ₹5050/Crore BSE - ₹3700/Crore |
Other Fees | SEBI Turnover Charges - ₹10/Crore  STT: Equity Delivery - 0.1% on Both Side (Buy and Sell) Equity Intraday - 0.025% on Sell Equity Future - 0.0125% on Sell Equity Options - 0.0625% on Sell  Stamp Duty (on Buy only): Equity Delivery - ₹1500/Crore Equity Intraday - ₹300/Crore Equity Future - ₹200/Crore Equity Options - ₹300/Crore |
Taxes | 18% GST on the Brokerage and Transaction charges |
21. Aditya Birla Money
Aditya Birla Money is a comprehensive financial services providing platform. Aditya Birla Money is recognized for its diversified investment solutions. Its innovative offerings solidifies its position among the best demat account in India for beginners.
Aditya Birla Money Account Opening Process
Documents required: PAN, Aadhaar, any document for identity verification (like driving license), Address proof, Bank detailsÂ
Process:
Go to the website or download the app
Enter your Email and Phone number
Fill out the KYC form with your personal details
Provide documents for verification
Add your E-sign and done!
Aditya Birla Money Charges and Fees
Here is table for Aditya Birla Money Demat Account Charges and Fees:
Charges and Fees | Details |
Account Opening Charges | ₹0 |
Annual Maintenance Charges (AMC) | ₹37/month |
Brokerage Charges | ₹20 |
Transaction Charges | Normal Scheme - ₹30 / ISIN Lifetime AMC Scheme - ₹20 / ISIN BSDA Account - ₹75 / ISIN |
Other Fees | Demat + Courier charges:     Normal Scheme - ₹5 / certificate  BSDA Account - ₹25 / certificate Courier Charges - ₹50  Pledge Creation: BSDA - ₹50 per ISIN Non-BSDA - ₹100 per ISIN  Pledge Creation Confirmation: BSDA - ₹50 per ISIN Non-BSDA - ₹100 per ISIN  Pledge Invocation: BSDA - ₹50 per ISIN Non-BSDA - ₹100 per ISIN |
Taxes | 18% GST |
22. Religare Broking
One of the best demat account for beginners is Religare Broking. Its focus on providing a holistic financial planning approach makes it an easy destination for those seeking stock and commodity trading, mutual funds, and wealth management services.
Religare Broking Account Opening Process
Documents required: PAN, Aadhaar, any document for identity verification (like driving license), passport size photos, Address proof, Bank detailsÂ
Process:
Go to the website or download the app
Enter your Email and Phone number
Fill out the KYC form with your personal details
Provide documents for verification
Add your E-sign and done!
Religare Broking Charges and Fees
Here is table for Religare Broking Demat Account Charges and Fees:
Charges and Fees | Details |
Account Opening Charges | ₹500 |
Annual Maintenance Charges (AMC) | ₹0 |
Brokerage Charges | Equity Delivery - 0.50% to 0.10% Equity Intraday - 0.05% to 0.01% Equity Futures  - 0.05% Equity Options - ₹70 / Lot Currency Futures - 0.05% Currency Options - ₹30 / Lot Commodity: Futures - 0.05%, Options - ₹30 / lot |
Transaction Charges | Equity Delivery:        NSE - ₹335 / Crore BSE - ₹375 / Crore  Equity Intraday: NSE - ₹335 / Crore BSE - ₹375 / Crore  Equity Futures : NSE - ₹200 / Crore BSE - ₹0  Equity Options:         NSE - ₹5050 / Crore BSE - ₹3700 / Crore |
Other Fees | STT: Equity Delivery - 0.1% (Buy and Sell)         Equity Intraday - 0.025% (Sell) Equity Futures  - 0.0125% (Sell) Equity Options - 0.0625% (Sell)  Stamp Duty (Buy only): Equity Delivery - ₹1500 / Crore Equity Intraday - ₹300 / Crore Equity Futures  - ₹200 / Crore Equity Options - ₹300 / Crore |
Taxes | 18% GST |
23. Alice Blue
Alice Blue ranks high among the best demat account lowest brokerage platforms. Alice Blue is known for its low-cost trading options and robust technology which caters to both retail and institutional clients.
Alice Blue Account Opening Process
Documents required: Identity Proof (PAN Card Mandatory), Address Proof (Aadhar, Voter ID, Passport, etc), Passport Size Photo, Income Proof (Latest six month’s bank statement, Latest ITR copy, Three month’s salary slip) and Scanned copy of the signature
Process:
Go to the website or download the app
Enter your Email and Phone number
Fill out the KYC form with your personal details
Provide documents for verification
Add your E-sign and done!
Alice Blue Charges and Fees
Here is table for Alice Blue Demat Account Charges and Fees:
Charges and Fees | Details |
Account Opening Charges | ₹0 |
Annual Maintenance Charges (AMC) | ₹400 / year |
Brokerage Charges | ₹15 / order or 0.05% (whichever is lower) |
Transaction Charges | 0.04% on value of the transaction (min - ₹20) |
Other Fees | Call and Trade Charges - ₹50 Demat - ₹10 per certificate Courier charges - ₹50 per request Remat - ₹30 per request CDSL Fee - ₹10 per 100 securities Pledge Creation - 0.04% on value of transaction (min - ₹40) |
Taxes | 18% GST |
24. Samco
Samco is an online stock trading platform offering low-cost trading solutions and brokerage. Samco offers a unique discount brokerage model which attracts many investors to it. Its high popularity makes it rank among among best demat account India platforms.
Samco Account Opening Process
Documents required: PAN, Aadhaar, any document for identity verification (like driving license), passport size photos, Address proof, Bank detailsÂ
Process:
Go to the website or download the app
Enter your Email and Phone number
Fill out the KYC form with your personal details
Provide documents for verification
Add your E-sign and done!
Samco Charges and Fees
Here is table for Samco Demat Account Charges and Fees:
Charges and Fees | Details |
Account Opening Charges | ₹0 |
Annual Maintenance Charges (AMC) | Individual Retail Investors - ₹400 Non-Individual Customers - ₹800 |
Brokerage Charges | 2.5% of the contract value |
Transaction Charges | Delivery Charges (within SAMCO) - ₹15 Delivery Charges (outside SAMCO) - ₹25 or 0.02% of transaction value Pledge and Unpledge Charges - ₹30 per transaction Dematerialisation Request Charges - ₹10 per certificate RE-materialisation Request Charges - ₹50 per request towards postal charges |
Other Fees | OFS / buyback / takeover / delisting / SGB etc. - ₹50 Call and Trade charges - ₹20 per order Physical contract notes - ₹50 per contract note Call and Trade Charges includes RMS Square off charges. |
Taxes | 18% GST |
25. SMC Global
SMC Global is a diversified financial services provider, known well among the best demat account in India for beginners. SMC Global provides a wide range of investment options and research insights.
SMC Global Account Opening Process
Documents required: ID Proof, PAN Card, Address Proof, Aadhaar Card / Passport / Voter ID / Driving License, Bank Details, Signature Proof and Signature on blank white paper
Process:
Go to the website or download the app
Enter your Email and Phone number
Fill out the KYC form with your personal details
Provide documents for verification
Add your E-sign and done!
SMC Global Charges and Fees
Here is table for SMC Global Demat Account Charges and Fees:
Charges and Fees | Details |
Account Opening Charges | ₹500 |
Annual Maintenance Charges (AMC) | ₹300 |
Brokerage Charges | Commodity Futures - 0.03% Commodity Options - 0.03% Currency Futures - 0.03% Currency Options - ₹20 / lot Equity Delivery - 0.3% Equity Futures  - 0.03% Equity Intraday - 0.03% Equity Options - ₹70 / lot |
Transaction Charges | Transaction Charges (Buy) - ₹0  Transaction Charges (Sell):   On Maket Transaction - ₹15 to ₹20 Off Market Instruction - Min. ₹20 & Max. ₹50 |
Other Fees | Courier Charges Extra - ₹25 for Local & ₹40 for outstation courier) Remat Charges - ₹25 (For one certificate or per 100 shares) Pledge Creation - ₹60 Pledge Creation Confirmation - ₹60 Pledge Invocation - ₹30 |
Taxes | 18% GST on all applicable charges |
Conclusion
Choosing the best demat account is a crucial decision for investors, considering the diverse features and services offered by various providers. It is imperative to assess individual preferences, trading requirements, and the fee structure before making a decision.
A top-tier demat account should provide a seamless and secure trading experience, coupled with user-friendly interfaces and a comprehensive range of financial instruments.
By conducting thorough research and considering one's specific needs, investors can identify the demat account that aligns best with their financial goals, fostering a smooth and efficient investment journey.
FAQs on Best Demat Account:
Q 1. Which is the best demat account?
A: The best demat account are Zerodha, Upstox, 5paisa, Angel Broking and Groww. These are popular platforms used for trading and tracks stocks.
Q 2. Which is the best demat account in India?
A: The best demat account India are HDFC Securities, ICICI Direct, SBI Securities, Reliance Securities and Axis Direct. These best demat account bank are approved by SEBI so users can safely invest their money on these platforms.
Q 3. Which is the best demat account for beginners?
A: Dhan, Ventura Securities, Religare Broking, Samco and SMC Global are the best demat account in India for beginners due to its user friendly interface. These best demat account for beginners have made investment platforms easy to use.
Q 4. Which is the best demat account for intraday trading?
A: Sharekhan, Motilal Oswal, Nuvama, IIFL Securities and Aditya Birla Money are known to be the best demat account lowest brokerage apps, making them efficient for intraday trading.
Q 5. Which is the best demat account for long term investment?
A: The best demat account for long term invest ment are mStock, Kotak Securities, Paytm Money, IndMoney and Alice Blue. Their low pricing make them best suitable for long term investment.