Best Demat Account in India - 2024
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Best Demat Account in India - 2024 Ensure 100% Profit with Free Best Demat and Trading Account in India:
In the stock market, you may find various online 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 major stock-brokers who are offering the list of Top 10 Demat Accounts in India. How can one reach the leading best Demat account in India? Start to look for the lowest brokerage Demat account in India and down-turn your expenses in the first shot.
There are several trading sites that show the proper list of the best 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 a 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 know the best Demat account in India.
Though, Finding the best Demat account in India needs deep analyses of the insights of the Best Stock Broker in India. We bring forth the top 10 Best Demat and trading accounts out of the 100+ accounts offered by the numerous stock brokers. Enjoy the benefits of a free best Demat account in India by comparing. You can compare variables like brokerage, Best Demat account in India, and Best trading account in India online Demat account opening charges, and some other features of such brokers.
Seeking the right broker, that offers the leading Best Demat account in India must not be based on a 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. Afterward, you can definitely reach the best Demat account in India from the pool of the top 10 Demat accounts in India. Such accounts involve Wisdom Capital Demat and trading account in India, SBI online Demat account, ICICI Direct online Demat account, HDFC online 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 Best 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 Demat Account Vs Trading Account, check the precisely defined online Demat account meaning first. Later on, we have also given the list of Leading best Demat Account India providers along with their Demat Account charges.
What is a 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 best Demat account in India. And, If you want to sell, the shares would be taken out from your best Demat account and trading account 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.
An online Demat account in India is basically opened by the investor/trader while registering with the stockbroker(Discount Broker/Full-service broker). The best Demat account number is quoted for every transaction to permit the electronic resolution of trades to happen. The Indian share traders should have the best Demat account in India to carry forward the trading in the most decent way for transacting shares.
Require documents to open 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
Top 10 Best Demat Account In India 2024 Provided by Top 10 Demat Account Providers With Customer Ratings:
| Rank | Broker Name | Ratings |
| 1 | Wisdom Capital Demat Account | 9.40/10 |
| 2 | ICICI Direct Demat Account | 8.70/10 |
| 3 | Kotak Securities Demat Account | 8.38/10 |
| 4 | Zerodha Demat Account | 8.24/10 |
| 5 | Sharekhan Demat Account | 8.05/10 |
| 6 | Angel Broking Demat Account | 8.01/10 |
| 7 | 5Paisa Demat Account | 7.95/10 |
| 8 | SBI Securities Demat Account | 7.93/10 |
| 9 | HDFC Securities Demat Account | 7.89/10 |
| 10 | Motilal Oswal Demat Account | 7.87/10 |
Top 5 Best Demat Account in India- 2024: Provided by discount brokers Nominees
Category wise distribution of Leading Best Demat Accounts in India: Discount brokers providing the Lowest brokerage charges in India
- Wisdom Capital Demat Account
- 5 Paisa Demat Account
- Zerodha Demat Account
- SAS Online Demat Account
- UPSTOX Demat Account
Top 5 Best Demat Account in India: 2024 Provided by traditional brokers Nominees
Category wise distribution of Leading Best Demat Account in India: traditional Stock-brokers providing the Low brokerage and high exposure stockbroker in India
- ICICI Direct Demat Account
- SBI Securities Demat Account
- HDFC Securities Demat Account
- Kotak Securities Demat Account
- ShareKhan Demat Account
Top 6 Best Demat Account in India- 2024: Provided by Low Brokerage stock-brokers
| S.No. | Broker Name | Opening Demat Account 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 per year |
| 5. | UPSTOX | 150 | 150 per year |
| 6. | HDFC | NIL | 750 per year |
Brief Description About the Discount brokers providing the Best Demat Account in India & Online Demat Account Charges:
1. Wisdom Capital:
Wisdom Capital is the free best Demat and trading account provider that emerged as the broker offering one of the best Demat accounts in India. Besides providing the lowest brokerage in equity intraday, Its online Demat account is recognized as the low brokerage online Demat account. It allows trading/investing in equities, F & O, commodities, currency, Mutual Funds, etc. The Best Demat account charges are nil. The broker provides a high degree of 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 online Demat account, etc.
Wisdom capital Demat and Trading Account Opening Charges:
| Trading Account Opening Fees | Rs 0 |
| Trading AMC | Rs 0 |
| online 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 | Up to 5 times for Intraday & 1 time for Delivery trading | Up to 40 times for Intraday & 4 time as for Delivery | Up to 60 times for Intraday & 5 times for Delivery |
| Equity Futures | Up to 60 times for Intraday & 5 times for Delivery | Up to 6 times for Intraday | Up to 10 times for Intraday |
| Equity Options | No Leverage buying, Shorting Intraday up to 2 times | No Leverage buying, Shorting Intraday up to 6 times | No Leverage buying, Shorting Intraday up to 10 times |
| Currency Futures | Up to 2 times for Intraday | Up to 6 times for Intraday | Up to 10 times for Intraday |
| Currency Options | No Leverage buying, Shorting Intraday up to 2 times | No Leverage buying, Shorting Intraday up to 6 times | No Leverage buying, Shorting Intraday up to 10 times |
| Commodity | Up to 2 times for Intraday | Up to 6 times for Intraday | Up to 10 times for Intraday |
02. 5 Paisa Demat and Trading Account:
It is a part of India Infoline (IIFL) and has presented the new brokerage model for stock market trading. This free online Demat account provider is a Mumbai-based Discount Brokers in India. It has been existing in the 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 accounts in India the lowest brokerage category.
5paisa Demat and Trading Account Opening Charges:
| Trading Account Opening Fees | Rs. 650 |
| Trading AMC | Rs 0 |
| Online 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 | Up to 15 Times for Intraday & 5 Times for Delivery(Interest charged) |
| Equity Options | Up to 2 Times for Intraday |
| Equity Futures | Up to 2 Times for Intraday |
| Currency Options | Up to 2 Times for Intraday |
| Currency Futures | Up to 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 are comparatively lower than Zerodha, but charges Rs 200 account as an online Demat account opening fee. In spite of the high Best Demat Account charges, the broker holds some qualities to be taken into consideration while searching for the best Demat account in India.
SAS Demat and Trading Account Opening Charges:
| Trading Account Opening Charges (One Time) | Rs. 200 |
| Trading Annual Maintenance Charges AMC (Yearly Fee) | NIL |
| Online Demat Account 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 | Up to 5 to 9 Times for Intraday & 5 Times for Delivery(Interest charged) |
| Equity Options | Up to 2 Times for Intraday |
| Equity Futures | Up to 2 Times for selling |
| Currency Options | Up to 2 Times for selling |
| Currency Futures | Up to 2 Times for selling |
| Commodity | Up to 2 times for selling |
4. Zerodha:
The broker has put forward the idea of flat fee brokerage in the stock market of India and was admired in the beginning. But, nowadays discount broker as Wisdom Capital has already presented better-discounted plans like Zero brokerage for online trading, it has diminished the Zerodha’s concept of a flat fee which charges Rs 20 per executed order. Zerodha Best Demat Account in India opening requires fees and the given annual maintenance charges are also applicable.
Zerodha Demat and Trading 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 a nice position in the 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 stockbroker and inquire while choosing the Best Demat Account India. Its online Demat account charge is Rs. 150. It grants trading/investing in Equity, F&O, Commodity, currency, Mutual Funds. In the search for the best Demat account in India, you can thoroughly compare the significant characteristics of given brokers in India.
upstox Demat and Trading Account Opening Charges:
| Trading Account Opening Fees | Rs.150 |
| Trading AMC | Zero |
| Online 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 | Up to 20 times for intraday |
| Equity Options | Up to 4 times for intraday |
| Equity Futures | Up to 4 times for intraday |
| Currency Options | Up to 4 times for intraday |
| Currency Futures | Up to 4 times for intraday |
| Commodity | Up to 3 times for intraday |
Top 5 Leading Best Demat Account in India along with Account opening charges Full-service brokers offering:
| 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 is an online stock trading company. It is the sub-division of ICICI securities with PAN India's presence. The ICICI Best Demat Account is one of the renowned online Demat accounts. The broker avails various investment options to the retail and institutional clients who are using the ICICI banks and ICICI Demat account branches. ICICI's Best Demat Account in India is better than other traditional stockbrokers' Best Demat Account India. These firms offer a 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 products to investors & traders. The Resident Indians as well as the NRIs, are allowed to invest in Equity, Derivatives, Mutual Funds, IPOs via the online channel. SBI's Best Demat Account in India is registered with the SEBI(Securities Exchange Board of India). SBI Best Demat Account lets you do share trading with eZ-trade@sbi.
Experience the fine trading with 3-in-1 Account i.e. Bank Account, online 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 accounts allow online trading as well as trading through reliable phone apps. The HDFC Securities trading account holds a 3-in-1 feature that collectively represents your HDFC Demat And trading account with your existing HDFC bank savings account. With such integration, you may avoid a waste of time during the movement of your funds and shares. HDFC bank itself has a wide network across India and HDFC Securities is also listed in the 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 an online stockbroking division of Kotak Mahindra Group in India. The stockbroker allows investing in Equities, mutual funds, IPO, derivatives, Exchange Traded Funds, etc. It presents a renowned Best Demat account in India. Being a provider of Mumbai-based Best Demat accounts in India with the membership of BSE and NSE, the financial organization also conducts 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. Best Demat Account in India No charges are associated but the maintenance charges are applicable as mentioned below.
It has outgrown the 500+ branches across India. It also maintained its market position and provided one of the Best Demat Account in India as a traditional broker with a 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 |
To Know More Article About Demat Account, Stockbrokers, & Discount brokers, etc:
| BEST DEMAT ACCOUNT FOR INTRADAY TRADING | BEST STOCK BROKERS IN INDIA |
| BEST DEMAT ACCOUNT FOR MUTUAL FUNDS | LOWEST BROKERAGE CHARGES |
| BEST DEMAT ACCOUNT FOR NRI | BEST DISCOUNT BROKER IN INDIA |
| TRADING ACCOUNT VS DEMAT ACCOUNT | BEST TRADING ACCOUNT |
| DEMAT AND TRADING ACCOUNT | KOTAK DEMAT ACCOUNT |
| BEST DEMAT ACCOUNT FOR SMALL INVESTORS | BEST DEMAT ACCOUNT FOR BEGINNERS |
Conclusion on Best Demat Account in India:
Before you opt for the best Demat account in India, several factors must be considered, including the account opening process, pocket-friendly charges, a seamless process between your bank account & broking account, in-depth research & analysis, etc. The online Demat account is known for its service quality, transaction security, and fewer customer grievances. The negative reputation of the best Demat account in India is less & very infrequent. There are a plethora of banks, financial institutions, companies, and stockbrokers that provide stockbroking services and are limited to some. Hence, it would be best to consider all the essential aspects of stockbroking along with your requirements & priorities while choosing the best Demat account in India.