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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
- Passport size photograph
- Address Proof – Any one of Photo Ration Card / Photo Driving License with DOB / Electricity bill / Passport copy /Telephone bill
- 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
Wisdom capital Margin
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
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
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
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 |
Holding shares & securities electronically through demat account removes the risks that used to come with holding physical documents like loss, damage, theft forgery, so it is very wiser to use and these article is a best guide to demat account