Best Demat Trading Account In India 2022

I opened my first Demat account in 2006 after getting my first job because I wanted to invest 20% of my salary in the stock market.

I had no knowledge of stock investing at that time so I thought brokers like ICICI or Sharekhan would help me pick the right stocks. 

Opening an account with ICICI was easy because I was having a salary account with ICICI bank. They started sending me tips on stock trading and investing. 

I kept on buying and selling as per their recommendation but later I realized that I am losing a lot of money in the brokerage because ICICI was charging as high as 0.5% on my trades. 

I switched to Sharekhan to save brokerage but they were also charging 0.1% on the buy/sell transactions.

I came to know about discount broker Zerodha in 2015 that was charging ZERO on stock delivery and flat Rs. 20 per transaction for day trading.

In the last 2-3 years, many companies have started offering demat & trading services at flat rates. New companies waive off account opening fees and also offer some additional perks.

If you buy stocks worth Rs. 1,00,000 then you would pay approx 500 Rs.+ taxes to ICICI but the same you can buy at zero charges + govt fees + taxes from discount brokers like Zerodha, Upstox and 5Paisa.  

Our Top Picks For Best Demat & Trading Account in India

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Best discount broker
Zerodha
Free stock delivery
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Fastest growing broker
Upstox
Free account opening & 0 AMC
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Best mobile app
5paisa
Rs 10 per trade with special plan

Every broker has some advantages and disadvantages. Discount brokers focus on improving their trading platforms while full-service brokers focus on improving customer service.

Your experience with discount broking customer service may not be good but you would save a lot of money in brokerage.  

Here is the list of the top 11 best Demat accounts in India 2022

  1. Zerodha Demat Account – Best discount broker in India
  2. Upstox Demat Account – Great for an alternative to Zerodha
  3. Paytm Money Demat Account – Lowest brokerage of Rs 10 per trade
  4. 5paisa Demat Account – Best for no AMC for only traders
  5. IIFL Demat Account – Great for first-year free
  6. Angel Broking – Great brokerage plan from full-service broker
  7. Sharekhan Demat Account – offers a wide range of financial products
  8. Religare Demat Account – Great for lifetime free AMC option
  9. Motilal Oswal Demat Account – Great for financial services
  10. ICICI Direct Demat Account – Good for ICICI account holders
  11. HDFC Securities Demat Account – Easy option for existing HDFC customers

Best Demat Account With Lowest Brokerage in India 2022

#1. Zerodha Demat Account Review

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Best discount broker in India
Zerodha

 

  • Fix Rs. 20 per trade on intraday trades
  • Zero brokerage on the stock delivery
  • Good customer support
  • Best charts and tools for technical analysis

Zerodha is the largest and most trusted discount broker with a user base of more than 90 Lakh. The biggest reason for Zerodha’s success is its customer support which is better than all other discount brokers. 

Zerodha charges a lower brokerage fee of 0.03% or Rs. 20 per executed order whichever is lower. You can save up to 90% as compared to other full-service stockbrokers if you trade in high volumes. The stock delivery trade is free at Zerodha. 

You will get a Kite trading platform with advanced charts, elegant UI and other tools for better technical analysis with Zerodha.   

Account Charges

  • Demat & trading account opening charges – Rs 200
  • Commodity account opening charges – Rs 100
  • Annual maintenance charges – Rs 300 per year

Zerodha Brokerage Charges

  • Equity Delivery- zero brokerage
  • Equity Intraday- 0.03% or Rs 20 per executed order whichever is lower
  • Equity Futures- 0.03% or Rs 20 per executed order whichever is lower
  • Equity Options-  flat Rs 20 per executed order

Zerodha Trading Platforms

  • Zerodha Kite 3.0 – A complete trading solution for the investors and traders that provides streaming price data, multi-market access, advanced charts and simple UI.
  • Kite by Zerodha Mobile App – A mobile app version of Kite 3.0 for a seamless trading experience, especially for the young generation (Android/iOS) smartphone users.
  • Zerodha Coin – A platform that lets you buy direct mutual funds online without paying any commissions.

Key Benefits of Zerodha

  • Delivery is totally free. No brokerage on delivery.
  • No minimum cap on brokerage per transaction.
  • Maximum brokerage charge capped to Rs 20 irrespective of transaction volume.
  • Provides margin upto 5 times for intraday MIS and Cover Orders (CO).

#2. Upstox Demat & Trading Account Review

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Fastest growing stockbroker
Upstox
  • Free account opening & Zero AMC
  • Fix Rs. 20 per trade
  • Fast account opening process

Upstox is one of the best discount brokers in India due to cheap brokerage charges, and advanced technology platforms. 

Upstox charges a fixed brokerage of Rs. 20 per trade for intraday irrespective of the trading volume. You can save a good amount in brokerages when compared to other full brokers.

You will get the fastest & best online trading platform in India with Upstox which is the main requirement for trading. Upstox is offering Free account opening with zero AMC charges for a limited period.

Upstox Account Regular Fee & Charges

  • Upstox Demat and Trading Account Opening – Free (limited time offer) 
  • Upstox Annual Maintenance Charges – Zero (limited time offer) 

Upstox Trading Brokerage Charges 

TypeBrokerage
Equity DeliveryRs. 20 or 2.5% whichever is lower
Equity IntradayLower of Rs. 20 per executed order or 0.05%
Equity FuturesLower of Rs. 20 per executed order or 0.05%
Equity OptionsRs. 20 per executed order
Currency Futures & OptionsLower of Rs. 20 per executed order or 0.05%
Commodity F&OLower of Rs. 20 per executed order or 0.05%

Advantages of Upstox Trading Account

  • Free account opening with zero AMC
  • Great trading platforms
  • Fix & low brokerage irrespective of trade volume

What We Didn’t Like

  • Rs. 20 charges for delivery trade

#3. 5Paisa Demat Account Review

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Best mobile trading app
5paisa
  • Lowest brokerage charges of Rs 10 per trade
  • Zero brokerage on delivery (under Ultra Trader pack)
  • Fastest account opening process
  • Offers the best trading app that is easy to use

5Paisa charges the lowest brokerage charges of flat Rs 10. per trade under both the addons – Ultra Trader pack and Power Investor pack. You can place a single trade worth crores and pay brokerage of just Rs 10 per trade.

The Ultra trader pack comes with a monthly price of Rs. 999 and the Power Investor pack will cost you Rs. 499 per month. Without the pack, 5Paisa charges a flat brokerage fee of Rs. 20 per executed order.

You can use a 5Paisa mobile trading app for trading. 5Paisa mobile app is the best mobile app in India in terms of easy usability, user experience, and fast speed. 

You would get your 5Paisa account opened on the same day on submitting all the documents. If you are looking for the lowest brokerage demat account, then you go with 5Paisa. 

5Paisa Annual Charges Details

  • Rs 0 per month – if holding value less than Rs. 50,000  
  • Rs 8 per month – if holding value is Rs. 50,000 to Rs. 2 lacs
  • Rs. 25 per month – if holding value is above Rs. 2 lacs

5paisa account opening is FREE. 

Margin provided by 5Paisa

Trading SegmentMargins Offered
Equity intraday buy/sellUpto 5x
Equity F&O1x
Currency F&O1x
Commodity F&O1x

5Paisa Brokerage Charges

5Paisa offers two addon plans – the Power Investor pack and the Ultra Trader Pack. Brokerage charges under both the pack are as under – 

Trading SegmentPower Investor PackUltra Trader Pack
Equity deliveryRs. 10 per executed orderRs. 0
Equity IntradayRs. 10 per executed orderRs. 10 per executed order
Equity F&ORs. 10 per executed orderRs. 10 per executed order
Currency F&ORs. 10 per executed orderRs. 10 per executed order
Commodity F&ORs. 10 per executed orderRs. 10 per executed order

Note – Under the Ultra Trader pack, you get Rs. 1000 brokerage cashback every month. 

5Paisa Trading Platforms

  • 5Paisa Trader Station Web – 5Paisa is for the low volume traders. The web-based platform gives easy access to portfolio, positions and holdings data.
  • 5Paisa Trade Station V2 – Trade Station V2 is a platform for high volume traders in need of a powerful interface and faster execution. You get a real-time market price, advanced charts with tools and past stock prices. 
  • 5Paisa App – The app is for trading on smartphones with easy access to markets and a great user experience. 

#4. Paytm Money Demat Account Review

Paytm Money Review

Paytm launched – Paytm Money (broking & investment platform) in 2019, with the lowest flat Rs. 10 charges for intraday trading in equity cash, equity F&O and currency F&O.

60 lac users trust Paytm money for investments in stocks, mutual fund investments, NPS, IPOs and ETFs. Paytm money fees structure is similar to discount brokers.  

You can open Paytm Money Demat account if you are looking for the lowest broking changes.

Paytm Brokerage Charges   

  • Delivery Trades – Rs. 0.01 (1 paisa per order)
  • Intraday trades – Rs. 10 or 0.05% of turnover per executed order whichever is less
  • F&O trades – Rs. 10 or 0.02% of turnover per executed whichever is less

Paytm offers Demat AMC for – Rs. 0 as compared to a minimum of Rs. 200 at other stockbrokers. But you need to pay Rs 30 per month as a trading platform fee.

But you need to pay additional charges like – 

  • Annual Platform fees – Rs. 30 per month
  • Call and Trade order charges – Rs. 100 per executed order
  • Payment gateway charges – Netbanking – Rs. 10. UPI – Rs. 0

USP of Paytm Money Demat cum Trading Account 

  • Rs. 0 delivery charges (1 paisa per order)
  • One of the lowest flat Rs. 10 brokerages on trading

The account opening is hassle-free, paperless, and online. You need to download the Paytm money app from Google Playstore or the Apple store to complete KYC.

Paytm Money Platforms

  • Mobile trading app
  • Web Browser trading platform

Both the platforms are secured using 2-FA authentication, fingerprint and PIN protection. You can access real-time market information on top gainers, losers and sector-wise indices. Use advanced charts, indicators and drawing tools.

What I Didn’t like –

  • Rs. 30 per month platform charges
  • Commodity and currency trading options are unavailable

#5. IIFL Demat Account Review

IIFL Demat Account Review

IIFL Securities Ltd (IIFL) is one of the biggest full-service stockbroker with more than 24 Lakh customers. IIFL Demat account is good for investors who need guidance and research support while making investment decisions.

You would need to pay a percentage based brokerage for trading & value investing. IIFL offers 3 different brokerage plan which includes Investor plan, Premium plan and Super Trader plan.

Recently, IIFL has come out with iSERVE plan charging Rs. 20 per order for all the segments.

IIFL also offers value-added services which include 

  • Research advisory
  • Market & sector reports & Information
  • Options Trading Using Sensibull
  • Loan Products (Home, Personal, Gold, Against Property & Business Loan)
  • Mutual Fund Investment
  • Wealth & Financial Management
  • NRI ServicesInstitutional Equities & Investment Banking

You can open IIFL Demat account Free along with zero AMC charges for the first year. 

IIFL Account Opening Charges (iSERVE plan)

  • Account opening charges – FREE 
  • First-year annual maintenance charges – FREE (limited time)
  • Annual maintenance charges second year onwards – Rs 25 per month

IIFL iSERVE Plan Brokerage Charges

  • Stock delivery – Rs. 20 per trade 
  • Intraday, Equity F&O, Currency F&O and Commodity F&O – Flat Rs 20/trade

Benefits of IIFL Demat Account

  • Free account opening & zero first year AMC 
  • Lower brokerage charges as compared to other full-service brokers
  • Research reports on 500+ stocks, sector summary, daily stock tips and recommendations
  • Value-added services like IPO & mutual fund investment.

#6. Angel One Demat Account Review

Angel One Demat Account Review

Angel One (earlier Angel broking) is one of the oldest brokerage companies in India having 10 million customers.

Angel One‘s customer care service is up to the mark. I recommend Angel One only if your Adhaar Card is linked with your mobile number.

You can complete your entire application online and start trading after validating your identity with Adhaar OTP.

Angel One Brokerage Charges

Angel One charges a flat Rs 20 per trade irrespective of the trade volume.

Brokerage Charges Across the Trading Segments

CategoryBrokerage Fee
Equity
Delivery
Rs 0
Equity
Intraday Trading
Lower of Rs. 20 per executed order or 0.25%
Equity F&O TradesLower of Rs. 20 per executed order or 0.25%
Currency F&O TradesLower of Rs. 20 per executed order or 0.25%
Commodity F&O TradesLower of Rs. 20 per executed order or 0.25%

Angel One Provided Trading Platforms

  • Angel One Trade – A web-based platform useful for portfolio tracking and online web trading. The platform provides up-to-date market information and live news. I use Angel One trade platform for transactions.
  • Angel One App –  Loaded with ARQ technology for personalized advisory. The app can be used to trade, view current market prices and track your portfolio.
  • Angel Speed Pro –  An installable software comes with 30 days intraday and 20 years historical data. The platform integrates news flash and gives access to various reports. 

Additional Services

  • Margin provided up to 5 times of the amount deposit
  • You can start trading within 1 hour through digital KYC
  • US Stock Market investment in partner with Vested Finance
  • Stock Advisory and Portfolio Management Services

Account Opening and AMC Charges of Angel One

  • Trading Account Opening Charges – Rs 0.
  • Demat Account Opening Charges – Rs 0.
  • Annual Maintenance Charges – Rs. 0 for the first year then Rs. 20 per month.

Best Demat Account for Small Investors

#7. Sharekhan Demat & Trading Account Review

Sharekhan Trading Account Review

Sharekhan is a full-service broker that includes trading, portfolio management, research and mutual funds along with investor education. Presently the company provides service from 3500+ share shops across 600+ cities to over 2.5 million customers.

Account Charges of Sharekhan account

  • Trading Account Opening Charges – Nil
  • Demat Account Opening Charges – Nil
  • Annual Maintenance Charges – Rs. 400 per annum (1st year free)

Brokerage Structure

Trading SegmentBrokerage
Equity Intraday0.10% on both 1st leg and on the 2nd leg
Equity Delivery0.50% (min 10 paise)
Equity Futures0.10% on 1st leg and 0.02% on the 2nd leg
Equity OptionsRs 100 per lot or 2.5% (whichever is  higher)
Currency F&ORs 30 per lot or 2.5% (whichever is  higher)

Sharekhan Trading Platforms

A. Sharekhan Website

Sharekhan trading website has supportive features such as dashboard, smart search, portfolio tracker, charts, etc for trading, researching, tracking and investing.

B. Sharekhan Mini

Sharekhan Mini can be accessed on your mobile browser even in low internet access bandwidth scenarios. Sharekhan Mini does not require app installation.

C. Sharekhan App

Sharekhan App is available for both Android and iOS devices, facilitates trading and mutual fund investments on the go. The app provides assistance with charts and flexible search features.

D. TradeTiger

TradeTiger is a web-based, desktop trading platform that provides features of a broker’s terminal.

Benefits of Sharekhan

  • NIL account opening charges 
  • No annual maintenance charge for the first year
  • Sharekhan provides online & offline training workshops to investors
  • Free call & trade facility

Drawbacks of Sharekhan

  • Brokerage charges on the second leg.
  • The brokerage rate is higher as compared to other stockbrokers. But you can negotiate at the time of account opening.

#8. Religare Broking Demat Account Review

religare

Religare Broking is a wholly-owned subsidiary of Religare Enterprises Limited. Religare Enterprise is a diversified financial service group. Religare Broking serves more than 10 Lakh customers across both online and offline platforms.

Religare broking offers services in equity, currency, commodity trading and depository participant services.

Account Charges

  • Demat Account Opening Charges – Nil
  • Trading  Account Opening Charges – Nil
  • Annual Maintenance Charges – Rs. 400 p.a. payable on a monthly basis

But there is an account processing charge of Rs. 500.

Note – You can avail of free lifetime AMC by paying either a one-time non-refundable fee of Rs. 1,111 or a refundable fee of Rs. 2,500.

Religare Demat & Trading Account Brokerage Charges

Religare charges a percentage-based broking fee. You can negotiate brokerage charges while opening demat and trading account. Maximum charges (on website) are below –

  • Equity Intraday Charges – Maximum 2.5%
  • Equity Delivery – Maximum 2.5%
  • Equity F&O – Maximum 2.5% / Rs. 100 per lot

Advantages of Religare Broking

  • Religare broking provides a mobile trading platform to place orders anytime from anywhere.
  • Provides facility for investing in equities, derivatives, currency, futures, commodities and mutual funds through a single account.
  • Provides intraday reporting and historical charting.

Disadvantages of Religare Broking

  • Rs. 500 account processing charge.
  • Rs 10 per offline order with a maximum limit of Rs 50 per day per segment.
  • Religare charges Rs. 999 per annum for using EXE based desktop platform.

#9. Motilal Oswal Demat Account Review

Oswal Securies Account Review

Motilal Oswal provides a huge number of services such as private wealth management, retail broking, and distribution, institutional broking, asset management, investment banking, private equity, commodity broking, currency broking, principal strategies & home finance.

Motilal Oswal has more than 2200 business locations in operation with over 29 Lakh registered customers. Motilal Oswal’s solid research-based advice is the reason for such a strong customer base.

They spend around 10% of revenue on research and on hiring & training for research. I do my own research before buying any stocks, so their research calls are not helpful to me.

Account Charges

  • Demat Account Opening Charges – Rs 0
  • Trading  Account Opening Charges – Rs 0
  • Annual Maintenance Charges –  up to Rs 899 depending on the scheme.

Note – You have the option to pay Rs. 2,500 as one time AMC charges under the lifetime AMC scheme.

Motilal Oswal Brokerage Charges

SegmentBrokerage
Equity Intraday0.04%
Equity Delivery0.40%
Equity OptionsRs. 50 per lot
Commodity OptionsRs. 200 per lot
Currency F&ORs. 20 per lot

Motilal Oswal Trading Platforms

  • MO Trader Desktop EXE Trading Platform – A desktop-based platform that needs to be installed on your PC or laptop. The system provides access to over 30,000 research reports across all asset classes.
  • MO Trader Web Platform – Where trading account can be accessed online easily with any browser on the web
  • MO Trader Mobile App – A mobile platform for smartphone users providing real-time data and trade execution.

Benefits of Motilal Oswal

  • Award-winning research advisory covering 21 sectors across 31,000+ research reports.
  • Lots of value-added services like portfolio management services, FD, Gold, US equities & Bond investment

Best Bank For Demat Account in India ( 3-in-1 account )

#10. ICICI Direct Demat and Trading Account Review

icici direct demat trading account

ICICI direct is one the largest stock brokerage company having more than 50 Lakh customers. ICICI Direct provides a wide range of services and investment options which includes

  • Investment in equities, derivatives, mutual funds, IPO, NCD & bonds, ETF and currency.
  • Portfolio & Wealth management and NPS investment.
  • Home, Gold, Business loans & loans against securities.

Who Should Apply

  • If your trading volume is low then the ICICI Direct account is best for you.
  • If you have an existing ICICI saving account and want to invest in IPO and Mutual Funds.
  • You will get 3-in-1 account, i.e Saving + Trading + Demat account rolled into one
  • The 3-in-1 account offers easy to transfer in and transfer out money.

ICICI offers 4 types of brokerage plans

1) ICICI direct Prime – with access to premium research reports and instant payout through eATM for the shares sold. 

Prime plan in Rs.Cash Equity Intraday/ FuturesEquity Options per lotCurrency OptionsCurrency Options
299 p.a0.27%0.027%Rs. 40Rs. 20 per orderRs. 20 per order
999 Lifetime0.22%0.022%Rs. 35Rs. 20 per orderRs. 20 per order
1999 Lifetime0.18%0.018%Rs. 25Rs. 20 per orderRs. 20 per order
2999 Lifetime0.15%0.015%Rs. 20Rs. 20 per orderRs. 20 per order
3999 Lifetime0.12%0.012%Rs. 15Rs. 20 per orderRs. 20 per order
4999 Lifetime0.10%0.010%Rs. 10Rs. 20 per orderRs. 20 per order

2) I-Secure Plan – Where a fixed percentage of brokerage is charged. 

Trading SegmentBrokerage
Equity Cash0.55%
Equity Intraday0.050%
Equity FuturesFirst Leg – 0.050%
Second Leg – Rs. 50
Equity OptionsRs. 95 per contract lot
Second Leg – Rs. 50
Currency F&ORs. 20 per order
Commodity F&ORs. 20 per order

3) Prepaid Brokerage Plan – You have to pay prepaid brokerage (valid for lifetime) under this plan.

The brokerage rate is lesser as compared to the other plans. But your money will be locked & not beneficial for seasonal traders or investors to lock their money.

Prepaid plan (lifetime validity)Cash Equity Intraday/ FuturesEquity Options per lotCurrency Options Commodity Options
Rs. 25000.25%0.025%Rs. 35Rs. 20 per orderRs. 20 per order
Rs. 50000.22%0.022%Rs. 30Rs. 20 per orderRs. 20 per order
Rs. 12,5000.18%0.018%Rs. 25Rs. 20 per orderRs. 20 per order
Rs. 25,0000.15%0.015%Rs. 20Rs. 20 per orderRs. 20 per order
Rs. 50,0000.12%0.012%Rs. 15Rs. 20 per orderRs. 20 per order
Rs. 75,0000.09%0.009%Rs. 10Rs. 20 per orderRs. 20 per order
Rs. 1,00,0000.07%0.007%Rs. 7Rs. 20 per orderRs. 20 per order

4) ICICI Direct Neo Brokerage Plan – is suited if you trade mostly in the Equity Futures segment. You need to pay Rs. 0 per order for trading in Equity Futures under the plan.

But ICICI Direct charges Rs. 299 as one-time subscription fees for the Neo plan.

Charges for other segments are under –

Equity OptionsEquity IntradayCurrency F&OCommodity F&O
Rs. 20 per orderRs. 20 per orderRs. 20 per orderRs. 20 per order

Note- 0.15% brokerage is applicable if you happen to take physical delivery of the F&O contract.

ICICI Direct Account Charges

  • Account Opening Charges – NIL
  • Annual Maintenance Charges –  charges for ICICI Direct Neo – Rs. 300 from first year onwards. AMC charges under other plans – Rs 700 (1st year free).

ICICIDirect Trading Platforms

  • Trade Racer Web – A web-based platform with which you can do all the trading and investing activities. The web platform is accessible from any browser.
  • Trade Racer Desktop – Installable trading platform with features like live streaming quotes & research calls and an integrated fund transfer system.

You would like to read about my favorite Demat accounts – Zerodha Review and Upstox review 

#11. HDFC Securities Review

hdfc securities

HDFC Securities Limited is a subsidiary of India’s largest private bank HDFC Bank. HDFC securities provide a 3-in-1 account that integrates your saving account, trading account and the demat account.

Account Charges

  • Account Opening Charges – NIL
  • Account Annual Maintenance Charges –  Rs 750

HDFC Securities Brokerage

Trading SegmentBrokerage charged
Equity Delivery0.50% or minimum Rs. 25
Equity Intraday0.05% or minimum Rs. 25 for both buy & sell
Equity Futures0.025% or minimum Rs. 25 for both buy & sell
Equity Option1% or premium amount of Rs 100 whichever is higher applicable to both buy and sell
Currency FuturesRs. 12 on each side
Currency OptionsRs. 10 on each side
Commodity Futures0.020% or minimum Rs. 20 per order
Commodity OptionsRs. 100 per lot

HDFC Trading Platform

  • HDFC Pro Terminal – Pro terminal is a web-based trading platform with real time market data and features like market analysis and sentiment analysis. HDFC charges Rs. 1,999 for 12 months for the Pro terminal use.
  • HDFC Securities Mobile Trading – HDFC mobile platform allows trading in equities and derivatives in just a few clicks using mobile phones.

Benefits

  • Due to integrated accounts, funds can easily transfer from one account to another. Only helpful for HDFC saving account customers.

Drawbacks

  • If you are a new customer to HDFC,  then firstly you have to open a savings account.
  • Rs. 1,999 charges for using Pro trading terminal

Top 11 Demat Account Brokerage Charges Comparison in India

Demat Account Trading ChargesDelivery Charges
ZerodhaRs 20 per executed orderRs. 0
UpstoxRs 20 per executed orderRs. 20
Paytm MoneyRs 10 per executed order1 paisa per order
5PaisaRs 10 per executed order0/10 per executed order depending on the pack
Angel OneRs 20 per executed orderRs. 0
IIFL SecuritiesRs 20/tradeRs 20/trade
Motilal Oswal0.04%0.40%
Sharekhan0.10% on both 1st leg and the 2nd leg0.50%
Religare BrokingNegotiable. Maximum 2.5%Negotiable. Maximum 2.5%
ICICI Direct0.007% to 0.050% depending on plan 0.07% to 0.55% depending on plan
HDFC Securities0.05% or min Rs.25 both buy & sell0.50% or min Rs.25

FAQs

What is a demat account?

A Demat or dematerialised account is where you keep your shares, bonds, mutual funds and ETF in an electronic form.

The Demat account is maintained by National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL). And are available through depository participants (DPs). Most of the stockbrokers also function as DPs.

What is the difference between Demat and trading account?

Demat account is where you store your securities (shares, bonds, ETF and mutual funds) in electronic form. 

Whereas, trading account lets you access live NSE & BSE stock markets where you can buy/ sell shares, F&O and other assets like bonds & mutual funds.

Which Demat account is best in India?

If you want to save brokerage charges and decent customer service then I would suggest you open an account with Zerodha.

How to open a demat account?

Visit the website of any of the DPs. Most likely, your existing stockbroker also provides DP services. 

If you are new to share trading, then he will ask you to open a Demat cum trading account. You can do so online by – 

-Signing on the website by providing an email ID and mobile number
-Apply for Demat cum trading account opening
-Provide details like name, date of birth, PAN
-Upload KYC documents
-Select plan, if any and the trading segment.

If you want to open only a Demat account then –
-Ask for a Demat account opening form
-Fill in the Demat application form
-Upload/ provide KYC details

How many Demat accounts can I open?

There is no restriction on the number of Demat accounts that you can open and hold in India.

Can I open multiple accounts with the same stockbroker?

No, you cannot open more than one Demat account with the same stockbroker on the same person’s name.

Which is the best Demat account in India for beginners?

If you want to start trading, then I would suggest to open Zerodha account.

Who provides the cheapest Demat account?

The demat account carries AMC charges ranging from Rs. 0 to Rs. 1000. Some stockbrokers offer lifetime free Demat accounts. But you may be required to pay a one-time fee or keep a deposit with them.

You should look at the brokerage charges and AMC charges in combination and then decide on the Demat account.

Can I transfer shares from one Demat account to another?

Yes. You need to fill up the Delivery instruction slip (DIS) available with your stockbroker for the number of shares that you want to transfer. 

Your old stockbroker may ask for a Client Master report (CMR) of your new stockbroker. CMR is a certificate with details of your new DEMAT account opened with the new stockbroker. 

CMR contains information such as name, address, DOB, bank account, nominations, etc.

Which account are you going to open and why?

I tried to collect all the required information in a single article. Kindly let me know in the comments which account you are opening. For the best experience in trading, Open Zerodha account

if you already have Zerodha account and want to open another account, then open a FREE Upstox account 

For the lowest brokerage charges, Open FREE Paytm Money account

Don’t spend much time deciding about the Demat accounts, rather spend more time on learning how can you make money from the share market and trading.

About Pardeep Goyal

I love to talk about money saving hacks (Credit Cards, Travel, Shopping, Taxes). I share transparently how I am making passive income and where I spend my money.

189 thoughts on “Best Demat Trading Account In India 2022”

  1. Sir, I want to open a new demat account for my mother aged 73 years old, just to purchase some debentures on her name, and want a company who is completely online. Low cost of AMC among others. Which account would you recommend? Should I open a trading account for her as well if I am not planning to buy shares in her name? Only bonds and other type of investments as appropriate for her age.

    Reply
  2. A full service broker will be able to provide a more reliable service than a discount broker. In fact, many trust a full service broker over a discount broker.

    Reply
  3. Good Morning, I live in the USA. I am not Indian. I have shares of a terminated ADR for VEDL and have been advised to create a DMAT – DR-type demat account in India. I have read instructions but came across a comment only Indians can open a demat account. Is this true? Thanks, Sheila

    Reply
    • DR sub-type Demat account for foreign nationals can be opened by Indian DPs enabling investors to separately hold equity shares issued upon cancellation of Depository Receipts (GDR/ADR). But the VEDL ADR delisting is already over.

      Reply
  4. Sir ; myself a senior citizen want to invest money. I invest in Canara Robeco since 7 years. But now want to open Trading account and invest directly. Kindly suggest me the right Stock Broker.

    Reply
  5. I want to invest in MF & Direct sheare market.which demat account is best ?
    I am beginner.i want to small investment.
    Plz reply me sir…

    Reply
  6. I Have a NSDL Demat account and GEPL trading account,which i dont know how to use. Wish to open a Zerodha trading account. which one better GEPL or ZERODHA.

    Reply
  7. I have opened delay account recent in online sbi security cap. After reading ur suggestions /Reviews ,I am planning to open demat and trading account in Zerodha. Can I run both accounts simultaneously .any legality issues if any one of demat account inoperative or not trading regularly or frequently. What is your valuable guidelines pl suggest me.

    Reply
  8. I Buy/sell delivery equity only in regularly for 10k-15k in a month currently with Integrated Enterprise broker with AMC of 4k And delivery charges 0.5%.
    A) I am planning to hold good stock for long term,
    B) And buy/sell volatile stocks weekly. only delivery equity.

    Which broker would be best to suit both cases.

    Reply
  9. 1) I want to buy stocks for long term holdings may be for 20 years in that which broker to prefer full time or discount broker.
    In One of the reply above, I saw your reply as “full service broker is best”. I would like to know why?

    Reply
  10. Hi Pardeep,

    I would like to know which broker is good for trading in commodities and also best way to get access to International stock markets trading.

    Thank you!

    Reply
    • Price movement in commodities is infrequent and trading illiquid barring few commodities like crude and natural gas. Commodities also carry an additional risk of actual commodity demand & supply both domestic and global.

      You need to check your commodity trading requirements before you pick any of the brokers. Almost all stockbrokers offer commodity trading facilities.

      I personally prefer Zerodha. You can open a commodity trading account with Zerodha from here https://cashoverflow.in/get/zerodha/

      For overseas stock trading, You are permitted to INVEST in overseas stock markets (subject to RBI LRS scheme). Many stockbrokers like HDFC and Upstox allow investment in stocks of listed foreign companies.

      But as far as I know, None of the stockbrokers in India supports intraday trading in International stock markets

      Reply
  11. I want to buy stocks fir long term holdings may be for 20 years in that which broker to prefer full time or discount broker ??

    Reply
  12. I am very new to trading and share market and I have opened demat account in Sharekhan. Still I cant understand how they are charging for operating demat account with them. Is sharekhan trustworthy or I should close the demat and open with other providers?

    Reply
  13. Someone can suggest which Demat service provider is SAFE as well they can guide for beginners. Please suggest 1 or 2 demat services.

    Reply
  14. I want open Demat account. currently i want to purchase only GOLD ETF. could you please suggest where i open my Demat account which have less expensive like brokerage and AMC charges. Please suggest demat account name. currently Aditya birla and Kotak approaching me for opening Demat account but i am confused. please help

    Reply
  15. I am new to stock market. I had opened a demat in 2008 with reliance securities but did not trade.
    Should I continue the same or open a new demat after delibrate knowlede of trading.
    Pl guide

    Reply
  16. My mobile is not linked with AADHAR, please suggest the best offline trading account broker for investment in equity and commodities.It should have good mobile app with simple and comprehensive user interface.

    Reply
  17. Sir,
    Article is very useful. But let me know what are the charges if account is closed.
    And secondly how to withdraw money from these accounts.
    Thanking you in anticipation.

    Reply
  18. Hello sir…hope u r doing well in this unfortunate time…I did your course on personal financial management.. phase 1…it really helped me alot..I was a beginner..and m still learning…I have two demat account… upstox and zerodha… initially I used upstox..but it was unresponsive during peak hours…so now m shifted to zerodha..I found it better…in terms of responsiveness…I did some trading in upstox…but not successful…so currently o stopped… I have not done any F&O…bcoz that require..good cash amount for margin…which I don’t have….so m really looking for long term investment…and keeping eye as eagle on market… thnx alot for guidance…u really put alot efforts for those phases…god bless u

    Reply
  19. I have an account at Ventura securities. But I find it complicated. Now only one SIP is running in this accunt. Should I go some other user friendly account. Please suggest if any. Or should I stick with this one.

    Reply
  20. Dear Pardeep,
    I want Buy stocks and Hold Long term. For example Month or Year. which is the best brokers and who less brokerage for this type of investing.

    Reply
  21. Great write up. Very articulate. I use upstox but their services are horrible, After yesbank said 75% shares wil be locked up, my holding has completely changed and depleted and the number they show is incorrect. Its like my hard earned money is gone. What broker would you recommend that doesn’t charge a bomb but charges decent amount and gives good trading experience and is transparent.

    Reply
  22. Sir, according to you which full service stockbroker has good research team and provides good stock recommendations on daily basis?

    Reply
  23. Hi … Do you have any feedback on Edelweiss? I’m interested in long term investing including IPO. Not keen on trading.

    Reply
  24. In 5 Paisa they are charging dp charges for every purchase and not flat charge’s. They are charging around 90 rupees as do charges for every 7 days. Hidden charges are at higher end. Can anyone explain why it is high

    Reply
  25. Hi Pardeep, I’ve gained lot of knowledge and information through your articles. You are helping many like me and doin a great job. I’m a newbie looking for such an account from which I can buy/sell IPO’s, Mutual Funds, Equity and everything with less charges, quite good Platforms, fast and easy account opening, etc. Kindly suggest the best ones as I’m bit confused with it.

    Reply
  26. Hello Pradeep,

    I am new in trading and need your guidance. I want to start investing small amount of money for learning and experimenting what you suggest for that?

    Rakesh Singh

    Reply
  27. I am very new to share market,
    I know nothing about market,
    But I have some money & want to invest it in market for long time.
    Kindly advise which platform is better to invest in share market.
    Already my SIP’s are going on.

    Reply
  28. Hello sir,
    Sir i am Student want to open demat account for interaday and delivery trading please suggest me where should i open account with the lowest charges

    Reply
  29. sir, ZERODHA is not NSDL , is CDSL , but i want to open my account under NSDL supported ?

    help me which brokerages should is go ?

    Reply
  30. Informative ranking and list, Pradeep!
    1. I can’t see Geojit in your list. What’s your opinion of Geojit? (We have been using Geojit for my son’s and daughter’s portfolios since mid-2018, and found it to be good overall)
    2. Also what’s your view on ETmoney app? Direct funds at zero fees
    3. One more pls. What’s your view on Integrated Enterprises’ demat-cum-trading services? (My first demat provider back in 2000)
    Thanks
    RB Agarwal

    Reply
  31. I want to do more of intraday trading. need peace of mind i.e. simple procedures, simple brokerage to understand; with good advice.
    Also i am not in India, can i still continue.
    pls suggest.

    Reply
  32. I am indian but outside of india want to open demat & trading account. I am new in share market. which is best for me & i want to do online.

    Reply
  33. Dear Pardeep,
    Please Suggest me that I want to do overseas trading, which one will be good? will wait for your reply?
    Thanks

    Reply
  34. I have trade using icici 3 in 1 a/c. I have a number of shares in the demat ac. I wish to open an account with either Zerodha or Upstox, can I transfer all my existing shares to either Zerodha or Upstox account. This is in view of the higher brokerage charge that I am paying.
    Please advise

    Reply
  35. Hi Sir, I don’t know much about investing but I want to give it a try. So with which bank or company, should I open an account that is both viable and trustworthy in long run ?

    Reply
  36. Hi,
    I have HDFC Term Policy and HDFC Health policy.

    I am thinking of creating HDFC 3 in 1 account so that i can move my Motilal Oswald Demat account into HDFC, so that i have Insurance+Medical+Stocks all in one.

    Whats your say?

    Thanks

    Reply
  37. I want to invest into index fund like sip.. Every month 10k amount.. Please help me with account which one is best for my type investment.

    Reply
      • Hi Pardeep

        I have same question… But I am new to all dis .. Don’t know ABC of trading.. I have Salary a/c in Kotak.. What do you suggest?? Shall I link Trading ac with my Salary ac?? Hows Kotak anyways..

        Thanks in advance
        Nupur

        Reply
    • Hi Pardeep,
      I have my Demat Account with Karvey stockbroking Ltd. , who has been barred by NSE due to non compliance of of SEBI regulations.
      I have until 31 December to transfer my Demat Account to another Depository Provider.
      Please suggest me, whom shall I transfer my business? I am an infrequent trader.
      I have my NRI accounts with SBI & HDFC banks. Is any one of them good for my needs and are they quick to transfer the accounts.

      Reply

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