Best Demat Account in India – List of Top 10 Demat Accounts in India 2024

Are you looking to try your hands on stock trading? If yes, it is necessary for you to open the best demat account in India first. In share market there are many stock brokers who is providing top demat account in India, but this doesn’t mean you can choose anyone uprightly. If you want to choose the Best Demat Account in India, it is recommended to read this article carefully.

What is a Demat account?

A Dematerialized or Demat account refers to an account that allows people to keep their financial instruments in the electronic format means it provides the facility of holding shares, bonds, securities and mutual funds in the electronic format.

Just like a savings account which is used to hold your money, a Demat account is used to keep the shares.

We will also discuss benefits of demat accounts and its necessity later in this article.

List of Top 15 Demat Accounts in India and Their Charges

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Compare Top 10 Demat accounts in India by Their Trading Charges

If you want to open a Demat account, the brokerage is the first and foremost thing to consider. Brokerage refers to a certain percent of the transaction value that is deducted every time a stock transaction is done. So, here is a list of top demat account providers that offer the lowest brokerage charges.

Demat account Name	Delivery charges	Intraday charges	Options charges	Futures charges
Paytm Money Demat Account	Rs. 20 or 0.10% (whichever is lesser) as per executed order	Rs. 20 or 0.05% (whichever is lower) as per the executed order	Flat Rs. 20 per executed order	Flat Rs. 20 per executed order
Zerodha Demat Account	Free	Rs. 20 or 0.03% (whichever is lower) as per the executed order	Flat Rs.20 per executed order	Flat Rs. 20 per executed order
Aditya Birla Capital Demat Account	Rs.20 or 0.25% (whichever is lower) per executed order	Rs. 0 or 0.30% (whichever is lower) per executed order	Flat Rs. 20 per executed order	Flat Rs. 20 per executed order
Upstox Demat Account	2.5% or Rs.20 (whichever is lesser)	Rs. 20 or 0.05% (whichever is lesser) per executed order	Flat Rs.20 per executed order	Flat Rs. 20 per executed order
5Paisa Demat Account	Rs. 20 or 0.25% (whichever is lesser) per executed order	₹20 or 0.05% (whichever is lesser) per executed order	Flat Rs.10 per executed order	Flat Rs.10 per executed order
Groww Demat Account	Rs.20 or 0.05% (whichever is lesser) per executed order	Rs. 20 or 0.25% (whichever is lesser) per executed order	Flat Rs. 20 per executed order	Flat Rs. 20 per executed order
Axis Direct Demat Account	Free	Rs. 20 or 0.03% (whichever is lesser) per executed order	Flat Rs. 20 per executed order	Flat Rs. 20 per executed order
Kotak Securities Demat Account	Rs. 20 or 0.25% (whichever is lesser) per executed order	Rs. 0	Flat Rs. 20 per executed order	Flat Rs. 20 per executed order
SBICAP Securities Demat Account	Rs. 20 or 2% (whichever is lesser) per executed order	Rs. 0 or 0.30% (whichever is lesser) per executed order	Flat Rs. 20 per executed order	Flat Rs. 20 per executed order
HDFC Securities Demat Account	Rs. 20 or 0.50% (whichever is lesser) per executed order	Rs. 20 or 0.10% (whichever is lesser) per executed order	Rs. 100 per executed order	0.05%

List of Best Demat Account in India – Top 10 Demat Accounts in India

1. Zerodha
2. Upstox Demat Account
3. Angel One Demat Account
4. Groww Demat Account
5. Sharekhan Demat Account
6. IIFL Demat Account
7. 5Paisa Demat Account
8. Samco Securities
9. Edelweiss Demat Account
10. ICICI Direct Demat Account

Complete Review of all best demat account in India –

1. Zerodha

Boasting a client base of over 3 million, Zerodha is undoubtedly the leader of the game. It is the biggest and most trusted discount broker in India at present. Though the discount broker is primarily known as the trendsetter in the discount broking segment, it also has amazing customer services that give it an edge in the industry. It is certainly a great choice for those looking to open the best Demat account in India.

Salient features of Zerodha Demat Account

• Exceptional Customer Support
• Market research tools
• Competitive brokerage
• Outstanding trading platforms
• One of the most trusted discount brokers in the industry

Pros	Cons
Offer detail portfolio reports in detail	High account opening fee
Avaialable in some regional languages
Trading charts with over 100 indicators

Demat Account Opening Charges

Account Opening Charges	Rs 200 for Trading & Demat A/C
AMC for Trading Account	Rs 0
AMC for Demat Account	Rs 300 per year

Zerodha Brokerage Charges

Zerodha boasts a standard brokerage model where it charges a standard Rs. 20 or 0.03% per stock traded. In the case of equity delivery, it remains zero. The maximum charge is Rs. 20 per order.

Trading Category	Brokerage Charges
Equity Delivery	Rs 0 (Free)
Intraday	Flat Rs 20 or 0.03% (whichever is lower) per executed order
Equity Future	Flat Rs 20 or 0.03% (whichever is lower) per executed order
Options	Flat Rs 20 per executed order (on Turnover)
Currency Futures	Flat Rs 20 or 0.03% (whichever is lower) per executed order
Options	Flat Rs 20 or 0.03% (whichever is lower) per executed order
Commodity	Flat Rs 20 or 0.03% (whichever is lower) per executed order
Mutual Fund	Rs 0 (Free Unlimited Direct MF)

2. Groww – Top Demat Account in India

Initially started as a mutual fund platform, Groww is a Bengaluru-based online discount broker in India that charges a standard brokerage across various instruments like IPO, Equity, and Mutual Funds. The stockbroker also offers investors to invest in digital gold, fixed deposits, US stocks, and others in a seamless fashion. Being an online broker, Groww does not offer any tips, recommendations, and research services. A wonderful choice for the best online demat account in India.

Main features of Groww Demat Account

• 0 commission on direct mutual funds
• Paperless account opening facility
• The maximum brokerage limit is Rs. 20
• Option to convert the external regular mutual fund into the direct mutual fund
• Facility to invest in digital gold, US stocks, and corporate FD

Pros	Cons
Offers analytics and statistics for stocks, mutual funds, and other investments	Doesn’t support IPO investment
Enables investment in foreign markets
Commission-free SIP purchases

Account Opening Charges

Demat Account Opening Charges	Free Demat Account
Trading Account Opening Charges	Rs 0
Demat AMC	Rs 0

Groww Brokerage Charges

Trading Category	Brokerage Charges
Equity Delivery	Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday	Rs 20 per executed order or 0.05% whichever is lower

3. 5Paisa – Best Demat Account in India

Counted among the leading discount brokers in India, 5paisa.com is promoted and supported by IIFL. To date the brokerage firm has more than 1.2 million clients. With 5Paisa, traders and investors can choose to open the best demat account and invest across equity, commodity, and currency segments. 5paisa is India’s rapidly growing discount broker which offers trading and investment services across various segments including stocks, derivatives (F&O) and currency.

5paisa is a registered member of BSE and NSE. 5paisa’s unmatched exposure to technology developed by its parent organization IIFL for over 2 decades years in the retail broking landscape.

Top Features of 5Paisa Demat Account

• Only discount broker to provide detailed research and advisory services on over 4000 firms
• One-stop destination for all investment products
• Standard Rs. 30 per executed trade
• Gives saving of up to 90% in comparison to conventional brokers
• Nil account opening charges

Pros	Cons
Offers advisory services	Weak portfolio analysis
No account opening fee
Commission-free SIP purchases

Demat Account Opening Charges

Trading Account Opening Charges	Rs 300 (One Time)
Annual maintenance charges (AMC)	Rs 0
Demat Account Opening Charges	Rs 0 (One Time)
Account Maintenance Charges (AMC)	Rs 540 yearly (levied as Rs 45 per month)

5Paisa Brokerage Charges

Category	Brokerage Fee
Equity Intra-day	Rs 20 per trade
Delivery	Rs 20 per trade
Equity Futures	Rs 20 per trade
Options	Rs 20 per trade
Commodity Futures	Rs 20 per trade
Options	Rs 20 per trade
Currency Futures	Rs 20 per trade
Options	Rs 20 per trade

4. Paytm Money – Top Demat Account

In the present content, Paytm Money is one of the rapidly growing discount brokering firms in India. It is a wholly-owned subsidiary of the country’s leading company, One97 Communications Ltd. Paytm Money is a leading stockbroker and an Investment Advisor, registered under SEBI. The company is a depository participant of CDSL and also a member of BSE and NSE.

Paytm Money offers reasonable charges for trading with free Equity Delivery trading. It gives Free Mutual Fund services with 0 charges for investment and redeems. Your search for the best Demat account in India ends at Paytm.

Top features of Paytm Money Demat Account

• 0 commission on direct mutual funds
• 10 maximum brokerage
• Zero account maintenance charges
• Paperless account opening
• Flat Rs. 10 for intraday trading

Pros	Cons
Detail insights into your portfolio	Doesn’t have Currency trading option
Advanced market analysis tools
Historical data and risk evaluations

Paytm Money Account Charges

Trading Account Opening Charges	Rs 0
Annual maintenance charges (AMC)	Rs 300
Demat Account Opening Charges	Rs 0
Account Maintenance Charges (AMC)	Free

Paytm Money Brokerage Charges

Trading Segment	Brokerage Charges
Equity Delivery	Rs 0 (Free) (minimum Rs 0.01 per executed trade)
Intraday Equity	Rs 10 per executed order or 0.05% whichever is lower
Future	Rs 10 per executed order
Equity Options	Rs 10 per executed order

    5. Samco Securities – Best Online Demat Account

One popular name in the discount broking landscape is Samco Securities. It allows investors to trade in stocks across MCX, BSE, and NSE. Established in 2015, SAMCO is counted among the popular discount stock brokers in India. SAMCO is widely known for its super-low brokerage, margin offerings, more exposure and free trading software.

For investors, there are more than 500 stocks available to choose from. The best offerings by SAMCO are StockPlus, CashPlus, InstaPlus, and the best demat account in India. You can consider SAMCO as the top provider of Demat accounts.

Top Features of SAMCO Demat Account

• 4X equity delivery leverage
• Standard rate trading at Rs. 20 per executed trade
• Option to trade in stocks even with zero balance
• Advanced mobile trading app – StockNote
• Instant account opening in a hassle-free manner

Pros	Cons
Higher delivery leverage	Limited App features
Zero money trading options

Account Opening Charges

Trading Account Opening Charges (One Time)	NIl
Annual Maintenance Charges AMC (Yearly Fee)	Nil
Demat Account Opening Charges (One Time)	Nil
Account Annual Maintenance Charges AMC (Yearly Fee)	Rs 400

SAMCO Brokerage Charges

Equity Delivery	Rs 20 per executed order
Intraday	Rs 20 per executed order
Equity Futures	Rs 20 per executed order
Options	Rs 20 per executed order
Currency Futures	Rs 20 per executed order
Options	Rs 20 per executed order

  6. ICICI Direct – Rs. 20 per trade

ICICI direct is one of the top-rated retail stockbrokers in India and offers best-in-class trading services to over 50 lac customers. The traders and investors can choose to trade in equity, commodity, and currency at BSE, NSE, and MCX. Moreover, there is an option to invest in IPOs, mutual funds, NCD, fixed deposits, home loans, and loans against securities, etc.

Top Features of ICICI direct Demat Account

• ICICIdirect Neo Plan which features brokerage-free equity trading
• Free of cost trading tips
• 20 per trade
• 3-in-1 account opening
• Trading can be done across BSE and NSE

Pros	Cons
You can buy buy a fraction of a share	High brokerage charges
Less space consuming app

Account Opening Charges

Transaction	Charges
Trading Account Opening Charges	Nil – Free Demat Account
Account AMC Charges	Nil
Demat Account Opening Charges	Nil
Demat AMC	Rs 300 (from 2nd year onwards)

ICICIdirect Brokerage Charges

Segment	Brokerage Charges
Monthly Fee (Fixed)	0
Equity Delivery	0.55%
Intraday	Rs 20 per order
Equity Futures	Rs 0 (Free)
Options	Rs 20 per order
Currency Futures	Rs 20 per order
Options	Rs 20 per order
Commodity Futures	Rs 20 per order
Options	Rs 20 per order

  7. Angel One – Best Demat Account of 2023

Established in 1987, Angel Broking is one of the reputed full-service retail stockbrokers in India. The full service stock broker offers the best demat account in India and a wide range of trading and investment services including stock and commodity, investment advisory, loans against shares, margin funding, and other financial products. At present, the firm has over 100 branches, 11000 sub-broker offices across 1800+ cities.

Top Features of Angel Broking Demat Account

• Free of cost stock advisory & research
• New-age trading platforms
• Extended network of franchises and sub-brokers
• ARQ-based investment vehicle
• One of the trusted brands of India

Pros	Cons
Provides a user-friendly experience	Average customer service.
5X Margin offerings

Account Opening Charges

Trading Account Opening Charges	Nill
Annual maintenance charges (AMC)	Nill
Demat Account Opening Charges	Nill – Free Demat Account
Account Maintenance Charges (AMC)	Rs 240

Brokerage Charges

Categogry	Brokerage Charges
Equity Delivery	Nil
Equity Intraday	Flat Rs 20 per executed order
Futures	Flat Rs 20 per executed order
Equity Options	Flat Rs 20 per executed order
Currency Futures	Flat Rs 20 per executed order
Options	Flat Rs 20 per executed order
Commodity Futures	Flat Rs 20 per executed order
Options	Flat Rs 20 per executed order

  8. Edelweiss – Rs. 10 per trade

Set up in 2008, Edelweiss Broking Ltd. is a Mumbai-based full-service stockbroker that offers a wide range of trading and investment services in all leading asset categories including IPOs, Mutual Funds, Debt, Equity, Derivatives, Currency, Commodities, Futures & Options. Edelweiss Group has a fabulous presence in PAN India with more than 475 offices across 200 footprints. It has over 12K employees catering to over 15 lakh clients across diverse business sectors.

Top Features of Edelweiss Demat Account

• Standard Rs. 10 per trade across all categories
• Free sock research and advisory services
• Free online trading platforms
• Quick paperless online account opening
• Web-based IPO investment

Pros	Cons
Brokerage fee is notably lower	No 3-in-1 account
Offers algo trading with advanced features

Edelweiss Account Opening Charges

Transaction	Charges
Trading Account Opening Charges	Nil
Annual Maintenance Charges AMC	Nil
Demat Account Opening Charges	Nil
Account Annual Maintenance Charges AMC	Rs 240

Edelweiss Brokerage Charges

Segment	Brokerage Charges
Monthly Charges (Fixed)
Equity Delivery	Rs 0 (Free)
Intraday	Flat Rs 20 per executed order
Equity Futures	Flat Rs 20 per executed order
Options	Flat Rs 20 per executed order
Currency Futures	Flat Rs 20 per executed order
Options	Flat Rs 20 per executed order
Commodity Futures	Flat Rs 20 per executed order
Options	Flat Rs 20 per executed order

  9. IIFL Securities – Top Demat Account in India

Established in 1995, IIFL Securities is one of the popular full-service stockbrokers in India and one of the great choices for the best demat account in India. A part of IIFL Group, IIFL offers different types of trading and investment services for almost all financial instruments like commodities, equities, derivatives, stocks, loans, FDs, Bonds, and IPOs, etc. The most significant part of this full-service stockbroker is the fixed rate brokerage plan which is just Rs. 20 per traded order.

Top Features of IIFL Securities Demat Account

• An excellent network of branches across the country
• Advanced trading platform ‘Trader Terminal’
• Flat Rs. 20 per trader brokerage
• Equity and Mutual Fund research and stock advisory services
• Brokerage-free equity delivery trading

Pros	Cons
Portfolio analysis tools and price alerts	Higher brokerage fees
Portfolio management services

Account Opening Charges

Trading Account Opening Charges	Nil
Account AMC Charges	Rs 0
Demat Account Opening Charges	Rs 0
Demat AMC	Rs 250 (Free for 1st year)

IIFL Securities Brokerage Charges

Equity Delivery	Nil
Intraday	Rs 20 per order
Equity Futures	Rs 20 per order
Options	Rs 20 per order
Currency Futures	Rs 20 per order
Options	Rs 20 per order
Commodity Futures	Rs 20 per order
Options	Rs 20 per order

  10. Sharekhan – Best Demat Account in India

Largely considered the 3^rd largest full-service stockbroker in India, Sharekhan is undoubtedly a reputed name in the field of full-service broking. With over 18 lakh clients, Sharekhan offers trade execution services for equity cash and derivatives categories on BSE and NSE, commodities trading facilities on MCX and NCDEX. Sharekhan’s ‘ShareMobile’ platform offers trading services through mobile apps that are available for iPhone, iPad, Blackberry, Android and other devices. It would be your best choice to open the best demat account in India.

Top Features of Sharekhan Demat Account

• Free call & trade service
• Online training, seminars and workshops for stock investors
• Option to use the fixed deposit as collateral for F&O trading
• Online fund transfers from any bank
• One of the reliable names in the stockbroking landscape

Pros	Cons
Can use fixed deposit as collateral for futures and options trading	lengthy account opening process
Notification of prices of your wish listed stocks.

Account Opening Charges

Trading Account Opening Charges	Nil
Account AMC Charges	Nil
Demat Account Opening Charges	Nil
Demat AMC	Rs 400 (Free for 1st year)

Brokerage Charges

Equity Delivery	0.50%
Intraday	0.10%
Equity Futures	0.10%
Options	Rs 50 per lot
Currency Futures	0.10%
Options	Rs 30 per lot
Commodity Futures	0.03%
Options	0.03%

Best Demat Account for Beginners

Angel One – Angel One demat account is the best for beginners. With its user-friendly interface and educational resources, it makes investing easy for new traders. Angel One offers low brokerage that empowers beginners to navigate the markets with confidence.

Best Demat Account in India for Intraday Traders

Zerodha – Zerodha is the top choice for intraday traders due to its seamless platform and advanced trading tools. Zerodha with its user-friendly interface offers real time customer support, that makes Zerodha demat account is best for intraday traders.

Top Demat Account for IPO Investment

Upstox – Upstox offers best service for IPO investors with its user-friendly platform, allowing quick and easy participation in new offerings. With low brokerage fees and efficient processing, Upstox demat account is considered best choice for IPO investment.

Compare Top 10 Demat Accounts for Mutual Fund Investment

Demat For Mutual Fund Investment
Demat Account Name	Rating
Groww	9.42
Angel One	9.24
Zerodha	9.21
Upstox	9.20
HDFC Securities	9.08
ICICI Direct	9.05
Kotak Securities	8.91
Motilal Oswal	8.87
IIFL	8.80
5Paisa	8.53

Conclusion – Best Demat Account in India

In this post, there is a detailed description of almost all leading full-service and discount stockbrokers in India. For more details, you can check the respective pages of these stockbrokers on our website.

FAQs about Best Demat Account in India

1. What are the documents required to open a demat account?

The following documents are required to open the best demat account in India.

• • Proof of Income, Proof of Identity and Proof of Address

2. Which is the best Demat account in India?

Here are some of the leading stockbrokers that offer the best Demat accounts in India.

1. Zerodha
2. Upstox
3. IIFL
4. Angel Broking
5. SAS Online

3. Which is the No 1 Demat account broker in India?

Angel Broking & Zerodha is consideres as India’s no 1 demat account broker, other than this these are the India’s best demat account for beginners –

• Angel Broking
• Motilal Oswal
• Zerodha
• ICICIDirect
• IIFL

4. Which is the best Demat account in India for IPO?

According to many surveys and research reports, it has been found Zerodha tops the list of stockbrokers when it comes to open a free Demat account for IPO investment.

5. Which is the Top Demat Account in India for Intraday Trading?

The top 5 Demat accounts for intraday trading in India are:

1. Zerodha
2. Upstox
3. Angel Broking
4. 5Paisa
5. TradeSmart Online

6. Which is the best Demat broker in India for Small Investors?

These demat brokers are providing best demat account in India for small investors, please check it out:

• Zerodha Demat Account
• Angel Broking Demat Account
• Sharekhan Demat Account
• Edelweiss Demat Account
• 5Paisa Demat Account