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Best Demat Account in India: Ensure 100% Profit with Free Demat and Trading Account

In the stock market, you may find various demat account providers. However, quantity does not define quality. So one should pick the correct method to reach the best demat account in India. Here, we are going to discuss about major stock brokers who are offering the top demat accounts in India. How can one reach the leading online demat account? Start to look for the lowest brokerage demat account and down-turn your expenses in the first shot. There are several trading sites which show the proper list of prime demat accounts in India. You don’t need to worry about the procedure. Just focus on some of the key-parameters making the account loud to your desire. You can check by doing comparison among those demat and trading accounts as per the noted factors. All those stock brokers which you have gleaned by exploring the best trading sites must have distinctive features. You just need to skim off the best demat trading account from them.

Though, finding the perfect demat account needs deep analyses of the insights of the best stock brokers in India. We bring forth the top 10 demat and trading accounts out of the 100+ accounts offered by the numerous stock brokers. Enjoy the benefits of free demat account by comparing. You can compare variables like brokerage, demat and trading account opening charges and some other features of such brokers.

 

 

Seeking the right broker, that offers the leading demat account in India must not be based on hunch. Do it in a pragmatic way. Make it a little comprehensive by evaluating your online trading standards first and then check out all the loopholes contrary to your stock trading requirements. Afterwards you can definitely reach the best demat account  from the pool of 10 major demat accounts in India. Such accounts involve Wisdom Capital demat and trading account, SBI demat account, ICICI Direct demat account, HDFC demat account, 5 Paisa etc.

Your progression in the Indian Share Market would be radically dependent on the fact that, how wisely you trade? And, that would also be linked to the base you have formed when initiated your trade itinerary. So, while choosing the top Demat Account in India, take some time that would be worth considering all the crucial points in selecting the best demat and trading account in India.

Before turning towards the best online demat account, check the precisely defined demat account meaning first. Later on, we have also given the list of Leading Demat Account providers along with their Demat Account charges.

What is Demat Account?

Demat Account Meaning:

It is the place where shares and securities are held electronically. Like, if you buy shares with your trading account then they would get stored in your demat account. And, If you want to sell, the shares would be taken out from your demat account to the trading account and sold in the open stock market of India at BSE or NSE or any other stock exchanges. demat Account works similar to your bank accounts.
A demat account in India is basically opened by the investor/trader while registering with the stock broker(Discount Broker/Full-service broker). The demat account number is quoted for every transaction to permit electronic resolution of trades to happen. The Indian share traders should have the best online demat account to carry forward the  trading in the most decent way for transacting shares.

 

 

Pile up the given basic documents needed to open a Best Demat Account in India

  1. Passport size photograph
  2. Address Proof – Any one of Photo Ration Card / Photo Driving License with DOB / Electricity bill / Passport copy /Telephone bill
  3. Id Proof – Any one of Photo Driving License with DOB / Voters ID Card / Passport copy / PAN Card / Photo Ration Card PAN card

 

Some of the Best Demat Accounts in India 

Category wise distribution of Leading Demat Accounts:

 

Discount Brokers providing the Lowest brokerage Demat Account in India

  • Wisdom Capital Demat Account
  • 5 Paisa Demat Account
  • Zerodha Demat Account
  • SAS Online Demat Account
  • UPSTOX Demat Account

 

Traditional Stock Brokers offering the Best Demat and Trading Account in India Nominees

  • ICICI Direct Demat Account
  • SBI Securities Demat Account
  • HDFC Demat Account
  • Kotak Securities Demat Account
  • ShareKhan Demat Account

 

Best demat Account in India 2020

S.No. Broker Name Demat Account Opening Charges Account Maintenance Charges
1 ICICI Direct Demat account 100 500 per year
2 Sharekhan NIL 450
3 Wisdom Capital NIL 999+GST (Onetime)
4 Motilal Oswal (MOSL) NIL 400 per year
5 5paisa NIL 400 per year
6 zerodha 100 300
7 upstox 150 150 per year
8 Kotak Securities 100 500 per year
9 SBI securities 850 400 per year
10 HDFC NIL 750

Best Demat Account in India by the Best Discount Stock brokers

S.No. Broker Name Demat Account Opening Charges Account Maintenance Charges
1 Wisdom Capital NIL 999+GST (Onetime)
2 5paisa NIL 400 per year
3 SAS online 200 200 per year
4 zerodha 100 300
5 upstox 150 150 per year

 

Brief Description About the best discount brokers providing best demat accounts

1. Wisdom Capital

 

Wisdom Capital being the free demat and trading account provider emerged as the broker offering one of the best demat accounts in India. Besides providing highest leverage in equity intraday, Its demat account is recognized as the low brokerage demat account. It allows trading/investing in equities, F&O, commodities, currency, Mutual Funds etc. The demat account charges are nil. The broker provides high degree performance in terms of trading platforms also. Its Brokerage fee is much lower than the fee offered by the full time brokers like ICICI Direct demat account, SBI demat account etc.

 

Wisdom capital Demat and Trading Account Opening Charges

Trading Account Opening Fees Rs 0
Trading AMC Rs 0
Demat Account Charges Rs 0
Demat Maintenance Charges Rs 999 + GST

 

Wisdom capital Brokerage charges

Brokerage Freedom Plan Pro Plan Ultimate Plan
Equities 0.00% 0.005% Intraday & Delivery 0.007% intraday & Delivery
Futures 0.00% Rs 9/ trade Future: 0.005%
Options 0.00% Rs 9/ trade Options: Rs 15/lot
Commodity 0.00% Rs 9/ trade 0.007% for intraday and delivery

 

Wisdom capital Margin

Segments Freedom Plan Pro Plan Ultimate Plan
Equity Upto 5 times for Intraday & 1 time for Delivery trading Upto 40 times for Intraday & 4 time as for Delivery Upto 60 times for Intraday & 5 times for Delivery
Equity Futures Upto 60 times for Intraday & 5 times for Delivery Upto 6 times for Intraday Upto 10 times for Intraday
Equity Options No Leverage buying, Shorting Intraday upto 2 times No Leverage buying, Shorting Intraday upto 6 times No Leverage buying, Shorting Intraday upto 10 times
Currency Futures Upto 2 times for Intraday Upto 6 times for Intraday Upto 10 times for Intraday
Currency Options No Leverage buying, Shorting Intraday upto 2 times No Leverage buying, Shorting Intraday upto 6 times No Leverage buying, Shorting Intraday upto 10 times
Commodity Upto 2 times for Intraday Upto 6 times for Intraday Upto 10 times for Intraday

 

2. 5 Paisa

 

It is a part of India Infoline (IIFL) and has presented the new brokerage model for stock market trading.This free demat account provider is a Mumbai based discount broker in India. It has been existing in Indian Share market for more than 5 years now. The broker also holds the position listed in the Top 10 Demat Accounts in India. HDFC Securities, Kotak Securities and ICICI direct being the traditional brokers offer much higher brokerage rates than this brokerage firm also. The broker emerges in the list of best demat account lowest brokerage category.

 

5paisa Demat Account and Trading Account Opening Charges

Trading Account Opening Fees Rs. 650
Trading AMC Rs 0
Demat Account Charges Rs 0
Demat  AMC Rs. 400 per year

 

5paisa Brokerage charges

Equities 10 Rs Per executed order
Equity Options 10 Rs Per executed order
Equity Futures 10 Rs Per executed order
Currency Options 10 Rs Per executed order
Currency Futures 10 Rs Per executed order
Commodity NA

 

5paisa Margin

Equities Upto 15 Times for Intraday & 5 Times for Delivery(Interest charged)
Equity Options Upto 2 Times for Intraday
Equity Futures Upto 2 Times for Intraday
Currency Options Upto 2 Times for Intraday
Currency Futures Upto 2 Times for Intraday
Commodity NA

 

3. SAS Online

 

 

The online discount brokerage firm is intended to give you an effective result in the stock market. Although, it has offered the brokerage of Rs. 9 per trade in all market segments that is comparatively lower than Zerodha, but charges Rs 200 account as Demat account opening fee. Inspite of the high Demat Account charges, broker holds some qualities to be taken into consideration while searching for the best Demat account in India.

 

SAS Online Account Opening Charges

Trading Account Opening Charges (One Time) Rs. 200
Trading Annual Maintenance Charges AMC (Yearly Fee) NIL
Demat Account Opening Charges (One Time) Rs. 200
Demat Account Annual Maintenance Charges AMC (Yearly Fee) Rs. 200

 

SAS Online Brokerage charges

Brokerage Plan Rs.9 /trade for all segments MCX(Rs. 999/trade) Equity(Rs.999/trade) Currency(Rs.499/trade)
Fixed Charges Rs. 9 Rs. 999 Rs. 999 Rs. 499
Equity Delivery Brokerage Rs. 9 Rs. 0 Rs. 0 Rs. 0
Equity Intraday Brokerage Rs. 9 Rs. 0 Rs. 0 Rs. 0
Equity Futures Brokerage Rs. 9 Rs. 0 Rs. 0 Rs. 0
Equity Options Brokerage Rs. 9 Rs. 0 Rs. 0 Rs. 0
Currency Futures Trading Brokerage Rs. 9 Rs. 0 Rs. 0 Rs. 0
Currency Options Trading Brokerage Rs. 9 Rs. 0 Rs. 0 Rs. 0
Commodity Trading Brokerage Rs. 9 Rs. 0 Rs. 0 Rs. 0

 

SAS Online Margin

Equities Upto 5 to 9 Times for Intraday & 5 Times for Delivery(Interest charged)
Equity Options Upto 2 Times for Intraday
Equity Futures Upto 2 Times for selling
Currency Options Upto 2 Times for selling
Currency Futures Upto 2 Times for selling
Commodity Upto 2 times for selling

 

4. Zerodha

 

The broker has put forward the idea of flat fee brokerage in stock market of India, and was admired in the beginning. But, nowadays discount broker like Wisdom Capital has already presented the better discounted plans like Zero brokerage for online trading, it has diminished the Zerodha’s concept of flat fee which charges Rs 20 per executed order. Zerodha Demat Account opening requires fees and the given annual maintenance charges are also applicable.

 

Zerodha Account Opening Charges

Trading Account Opening Charges (One Time) Rs. 300
Trading Annual Maintenance Charges AMC (Yearly Fee) Zero
Demat Account Charges Rs. 100
Demat Account Annual Maintenance Charges AMC (Yearly Fee) Rs. 300

 

Zerodha Brokerage charges

Equity Delivery  0.10% of turnover or Rs. 20 per trade whichever is lower
Equity Intraday  0.01% of turnover or Rs. 20 per trade whichever is lower
Equity Futures  0.01% of turnover or Rs. 20 per trade whichever is lower
Equity Options  0.01% of turnover or Rs. 20 per trade whichever is lower
Currency Futures  0.01% of turnover or Rs. 20 per trade whichever is lower
Currency Options  0.01% of turnover or Rs. 20 per trade whichever is lower
Commodity  0.01% of turnover or Rs. 20 per trade whichever is lower

 

Zerodha Margin

Equities 4 to 10 times for intraday
Equity Options 40% of exchange prescribed margin for selling & no margin for buying
Equity Futures 40% of exchange prescribed margin
Currency Options 100% of exchange prescribed margin
Currency Futures 100% of exchange prescribed margin
Commodity 50% of exchange prescribed margin

 

5. UPSTOX

 

The broker has established the nice position in Indian Share market and now appears in the Top 10 stock brokers in India list. As a trader you may seek the personal advice of the stock broker and inquire while choosing right Demat Account in India. Its Demat account opening charge is Rs. 150. It grants trading/investing in Equity, F&O, Commodity, currency, Mutual Funds. In the search of best Demat account in India, you can thoroughly compare the significant characteristics of given brokers in India.

 

upstox Account Opening Charge 

Trading Account Opening Fees Rs.150
Trading AMC Zero
Demat Account Charges Rs. 150
Demat AMC Rs. 150 per year

 

Upstox Brokerage charges

Equity Delivery Brokerage Rs 0
Equity Intraday Brokerage Rs 20
Equity Futures Brokerage  Rs 20
Equity Options Brokerage  Rs 20
Currency Futures Trading Brokerage Rs 20
Currency Options Trading Brokerage Rs 20
Commodity Trading Brokerage  Rs 20

 

Upstox Margin

Equities Upto 20 times for intraday
Equity Options Upto 4 times for intraday
Equity Futures Upto 4 times for intraday
Currency Options Upto 4 times for intraday
Currency Futures Upto 4 times for intraday
Commodity Upto 3 times for intraday

 

Full-service brokers offering  Leading Demat accounts in India along with Account opening charges

S.No. Broker Name Demat Account Opening Charges Account Maintenance Charges
1 ICICI Direct Demat account 100 500 per year
2 SBI securities 850 400 per year
3 HDFC NIL 750
4 Kotak Securities 100 500 per year
5 Sharekhan NIL 450

 

1. ICICI Direct Demat Account

ICICI Direct Demat Account

ICICI Direct is the online stock trading company. It is the sub-division of ICICI securities with PAN India presence. The ICICI Demat Account is one of the renowned demat accounts. The broker avails various investment options to the retail and institutional clients who are using the ICICI banks and ICICI direct branches. ICICI Demat Account is better than other traditional stock brokers’ Demat Account in India. These firms offer 3-in-1 demat and trading account.

  • ICICI Demat Account charges are Rs. 100 for the Opening.
  • ICICI Demat Account maintenance charge is Rs. 500.

 

ICICI Account Opening Charges

Trading Account Opening Fees Rs. 975
Trading AMC Rs. 0
Demat Account Charges Rs. 100
Demat AMC Rs. 500 ,(one year onwards)

 

2. SBI Securities: SBI Demat Account

SBICAP Securities Ltd (SSL) is a sub-division of SBI Capital Markets Ltd. If you open an SBI Demat Account you can trade in Equity, Derivatives, Retail Equity etc.They also provide online trading product to investors & traders. The Resident Indians as well as the NRIs, both are allowed to invest in Equity, Derivatives, Mutual Funds, IPOs via the online channel. SBI Demat Account is registered with the SEBI(Securities Exchange Board of India). SBI Demat Account lets you do share trading with eZ-trade@sbi.

Experience the fine trading with 3-in-1 Account i.e. Bank Account, Demat Account SBI and Trading Account together. SBI Demat Account also allows instant Fund and Share transfer.

 

SBI Demat Account Opening Charges

Trading Account Opening Fees Rs. 0
Trading AMC Rs. 0
Demat Account Charges Rs. 850
Demat AMC Rs. 400 ,(one year onwards)

 

3. HDFC Securities:

HDFC Securities is an Equity Trading Company and a part of HDFC Bank. HDFC Demat Account and trading account allows online trading as well as trading through reliable phone apps. The HDFC Securities trading account holds 3-in-1 feature that collectively represents your HDFC Demat Account, a trading account with your existing HDFC bank savings account. With such integration, you may avoid waste of time during movement of your funds and shares. HDFC bank itself has a wide network across India and the HDFC Securities is also listed in best Demat Account in India catalog.

 

HDFC Securities Demat Account Opening Charges

Trading Account Opening Fees Rs. 999
Trading AMC Rs. 0
Demat Account Charges Rs. 0
Demat AMC Rs. 750 ,

4. Kotak Securities

Kotak Securities Limited is a part of Kotak Mahindra Bank. It is a online stock broking division of Kotak Mahindra Group in India. The stock broker allows investing in Equities, mutual funds, IPO, derivatives, Exchange Traded Funds etc. It presents renowned demat account in India. Being a provider of Mumbai based demat account in India with the  membership of BSE and NSE, the financial organization also conduct online programs to guide traders.

 

KOTAK Securities Demat Account Opening Charges

Trading Account Opening Fees Rs. 975
Trading AMC Rs. 0
Demat Account Charges Rs. 100
Demat AMC Rs. 500 ,(one year onwards)

 

5. ShareKhan

Sharekhan, being a full-service broker in India, offers financial advisory, online training, seminars to all the investors. Sharekhan does not charge any demat account opening fees and any cost for DP transactions. No demat account charges are associated but the maintenance charges are applicable as mentioned below. It has outgrown the 500+ branches across the India. It also maintained it market position and provided one of the Best Demat Accounts in India as a traditional broker with free Call & Trade facility. 

 

Sharekhan Demat Account Opening Charges

Trading Account Opening Fees Classic Acc: Rs 750, Trade Tiger Acc: Rs 1000
Trading AMC Rs. 0
Demat Account Charges Rs. 0
Demat AMC Rs. 450

 

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Best Demat Account in India
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