9 Best Demat Account in India

If you are looking to know the best demat account in India, then you have come to right place. In this article I have mentioned 10 best stock brokers to open demat account in India. For this, I have made use of my own experience and also user ratings.

My search for Best Demat and Trading Account started way back in 2007. My father had demat account with JRG Securities and he used to go and sit in their office to observe markets. It was then I started developing interest in stock market.

That time Sharekhan ads were played too frequently on TV. Impressed, I preferred them over anyone else.

Sharekhan charged me the brokerage of 0.5% on delivery and 0.1%. on intraday!. Now I realize how insane was it to pay that much.

Anyway, lot of things changed in last one decade or so. Indian markets and brokerage industry has matured now with lot of competition.

In this post, I will explain basics of a demat account. Will also answer what is the difference between a demat account and a trading account?.

And at the end, will let you know who is my favorites among the top demat account providers of India and why.

But before that, let us quickly understand few basic things about demat account.

What is a Demat Account?

Demat account is short form of Dematerialized account. It is used to hold shares and securities in electronic form.

In India, it has now become mandatory to hold the shares in demat form only.

Some people still have share certificates in paper format. Probably, inherited from their parents. They need to convert them into electronic form before they can be sold at stock market.

If you are one among them, you can contact any stock broker, they should be helping you through this.

Demat account has many advantages compared to earlier physical formats. Best part is, it is safe from events of damage and theft.

How safe are your shares in demat account?

Stock Brokers are basically members of Depositories like NSDL and CDSL.

Your shares are maintained by these depositories and even if your stock brokers goes bankrupt, your shares are safe with depositories.

Now many have confusion over difference between demat account and a trading account.

What is the difference between Trading and Demat account?

In simple words, all I can say is, Trading account is Interface and Demat account is storage.

You buy and sell shares on stock exchanges such as NSE and BSE though the interface called Trading account.

The purchased shares are stored in your demat account. On sale, they are debited from demat account.

Interesting part is, it is possible to have trading account with one broker and demat account with another.

But I suggest to have best demat and trading account in India with a single broker.

And it is also possible to have trading, demat and savings account with a same broker ( a bank like ICICI, Axis etc) and it is known as 3-in-1 demat account.

If you are interested in knowing all the differences between demat & trading account, refer this post. I have explained role of both accounts and why they are required.

List of 9 Best Demat Account In India 2024

To find the best demat account in India, I created a list of demat accounts from registered stock brokers, then ranked them by a set of parameters.

Here is the list of best demat accounts of India:

Zerodha demat account
Upstox demat account
Angel Broking demat account
India Infoline (IIFL) demat account
Sharekhan demat acccount
Motilal Oswal demat Account
ICICI Direct demat account
HDFC Securities demat account
Kotak Securities demat account

Here is the gist of charges of Best demat accounts in India

The above list of top demat account providers of India is prepared by considering top 3 brokers each in the following categories.

Best Demat Account in India for Traders
Best Demat Account in india for Investors
Best 3-in-1 demat accounts in India

I have used below parameters to arrive at above rankings:

Brokerage and AMC Charges
Trading terminals including mobile app
Customer Support (Online/Offline)
Credibility of Sharebroker
Number of Customers
Margin/Leverage offered

Now let me bring out the details of these top demat accounts of India and compare them.

Best Demat Account for Traders with Lowest Brokerage Charges In India 2024:

Low brokerage demat account are for the ones who trade very frequently. Needless to say, brokerage is their main concern. Their profits would be eaten up by brokerage itself if they don’t choose the brokers well.

Discount brokers or flat fee brokers would be ideal for them. Through them one can save upto 90% when compared to fullservice brokers.

Who is a discount broker?

A discount broker is one who allow their customer to trade at reduced rates. They provide only bare minimum infrastructure required to place your trades.

The discount brokers levy lesser brokerage charges for their demat and trading accounts.

Zerodha, Upstox , Angel Broking are some of the well known discount brokers. Motilal Oswal, Sharekhan and ICICIdirect are some of the reputed traditional brokers who are good for investors.

How much you can save by choosing discount broker like Zerodha/Upstox?:

For Investor:

Let us assume are planing to invest Rs 10 Lakh. With 0.55% brokerage of ICICI Direct, you have to shell out Rs5,500 in brokerage itself. Where as you pay nil in case of Zerodha (Investments are free at Zerodha).

Hence there will be 100% savings in brokerage charges when compared to brokers like ICICI Direct/Sharekhan.

For Trader:

Now let us see for intraday and Futures traders, how much can be saved.

Let us assume you buy Rs 10lakh and sell 10lakh worth of shares daily. That means in around 20 trading days of month it will be 400 lakhs.

ICICI Direct charges 0.0275% hence the brokerage charges per month is Rs400Lakh * 0.0275% which is Rs 11,000.

So yearly it would be,

Rs11,000 * 12 months = Rs 1,32,000

Now Zerodha/Upstox charge Rs 20/trade for intraday. In Zerodha, brokerage is not based on trade value. For each order they charge Rs20 irrespective of trade value.

Hence per day it would be Rs 40 (Rs20 for buy and Rs20 for sell) and for each month it would be 20* Rs40 = Rs 800

So per year it is Rs 800 * 12 months = Rs 9,600

Hence, traders can save more than 90% of brokerage and indirectly add to their profit

#1. Zerodha Demat Account

Zerodha is biggest stock broker of India based out of Bangalore. They are the first to introduce discount brokerage concept in India.

Myself opened account with them in 2012 just to try out. Initially I did not park much of my money as I was concerned about safety of my money.

It was the case with most of the traders at that time. But Zerodha built their reputation over the time. People started accepting them gradually.

Today they have even overtaken the most reputed and well established names such as Sharekhan and ICICI Direct to become No.1 in India.

Best part of Zerodha is they don’t charge brokerage for delivery based trades. For intraday and derivative trading they charges Rs 20/executed order.

Their main business comes from derivatives (Future and Options) segment. As part of statergy they waived off delivery brokerage to attract more customers. Hence, Zerodha offers Zero brokerage demat account for all investments.

But only drawback I found was of not having monthly unlimited plans.

Zerodha Brokerage Structure:

Segment	Zerodha Brokerage Charges
Equity Intraday	Rs 20/order or 0.03% which ever is lower
Equity Delivery	No Brokerage
Equity Futures	Rs 20/order or 0.03% which ever is lower
Equity Options	Rs 20/order
Currency Futures	Rs 20/order or 0.03% which ever is lower
Currency Options	Rs 20/order or 0.03% which ever is lower
Commodities	Rs 20/order or 0.03% which ever is lower

More information about Zerodha account opening and DP charges here.

Following are the some of the features which I liked and disliked about Zerodha:

Pros:

Free delivery based trades and maximum of Rs20/trade in other segments
First Discount broker of India & Best discount broker with highest number of customers
Taken initiative to educate common investors through open platform Zerodha Varsity
State of the art trading terminal such as Zerodha Kite
New direct mutual fund investment terminal called Coin

Cons:

Call and trade is chargeble at Rs 20
3-in-1 demat account possibel only if you have IDFC First bank Savings account

I have written detailed review of Zerodha . In that I have discussed their account opening fees, brokerage plans, trading terminals and exposure margins in detail. I recommend you to visit that page.

Zerodha Account opening is completely online and 100% paperless. If your mobile number is linked to aadhar number, It can be opened in 15 min. Please go through the step by step procedure of opening Account with Zerodha.

Zerodha Account Opening Charges:

Online through Aadhaar : Rs 200
Offline by submitting forms : Rs 400

SaveRs200: you can save Rs200 by opening the account online. Use below Link to save Rs 200.

#2. Upstox Demat Account

Upstox is another leading discount broker based out of Mumbai. They are no 2 after Zerodha and formerly known as RKSV Securities.

Their brokerage structure is more or less copy of Zerodha. Initially they had monthly unlimited plans but taken them out.

They also charge Zero brokerage for delivery trades and Rs 20/trade for executed order. Account opening is also free with them.

They are backed by some of the reputed names such as Mr.Ratan Tata.

You can read my detailed review of Upstox here.

Upstox Brokerage Structure:

Segment	Upstox Brokerage Charges
Equity Intraday	Rs 20/order or 0.05% which ever is lower
Equity Delivery	No Brokerage
Equity Futures	Rs 20/order or 0.05% which ever is lower
Equity Options	Rs 20/order
Currency Futures	Rs 20/order or 0.05% which ever is lower
Currency Options	Rs 20/order or 0.05% which ever is lower
Commodities	Rs 20/order or 0.05% which ever is lower

Upstox Account Opening and AMC Charges:

- Trading Account Opening Charges : Free
- Demat Account Opening Charges : Free
- Trading Account Maintenance Charges : Rs 0
- Demat Account Maintenance Charges (AMC) : Nil for first year and Rs 150 from second year onwards

Other advantages and disadvantages of Upstox are,

Pros:

Zero commission on delivery trades
Free Demat account opening and lower annual maintenance charges
Maximum Rs20 Per trade for non delivery trades
Backed by likes of Mr.Ratan Tata
Superior Trading terminal Upstox Pro

Cons:

Pricing is almost similar to Zerodha
Call and trade is chargeable
3-in-1 demat account possibel only if you have IndusInd bank Savings account

Also read : Side by Side comparision of Upstox Vs Zerodha

You can contact them though the button below,

Once you enter the details, you will receive the OTP on mobile. After entering the OTP, please enter PAN number in next screen.

Sales team will assist you only if you enter PAN number. That indicates them that you are serious in opening the demat account.

#3 : Angel One Demat Account

Started in 1987, Angel One is a reputed demat account provider of India head quarterd at Mumbai. Apart from Equity and commodities, they also offer service in mutual funds, Portfolio Management Services (PMS) and Life insurance.

To know more about Angel One and their offerrings, read this detailed review.

Before 2019, they followed the full service brokerage model charging in percentage basis. But recently they have adopted the discount brokerage model.

Hence the brokerage have beem slashed to Rs 20/trade and Rs0 for delivery segment.

They provide services on almost all prominent stock exchanges such as National Stock Exchange (NSE), Bombay Stock Exchange (BSE), Multi Commodity Exchange (MCX) and National Commodity and Derivatives Exchange(NCDEX).

Recently they launched ARQ – Robo advisory service which they claim to have capability to produce superior returns.

Angel One Brokerage Structure:

Good part is , they provide free research and recommendation to their client. Being a discount broker, this is one of this kind.

I have listed some of the advantages and disadvantages of Angel One below,

Pros:

One of the most trusted brand of India
Advanced trading terminals
New investment vehicle based on Artificial Intelligence (ARQ)
Large network of sub brokers and franchises
Good team of research analysts providing research reports and tips

Cons:

Non availability of fixed per month brokerage plans
The recommendations are mainly from robotic based and purely depends on their algorithms
Call and Trade is charged Rs20

Current Offer : Account Opening charges has been waived off. Also No AMC charges for first year. To avail these offers, use below button.

Best Demat Account in India for Investors:

Investors rarely trade and the brokerage in comparison to the gain that being made is peanut. So they expect good support from the brokers in creating wealth through their investments.

Here one to one relation is more valued than the brokerage. When I had account with Sharekhan, I had a relationship manager who used to advice me every now and then.

Offcourse his main intention was to make me trade so that he can generate more brokerage and meet his monthly target. However, few of his recommendation were really good.

These kind of brokers are called traditional or fullservice brokers. They used to charge hell before the advent of discount brokers. Now they have reduced the charges drastically to stay in the competition.

However, they provide very good support starting from account opening to investor education and portfolio management.

Some of the popular names in this category are Motilal Oswal, IndiaInfoline (IIFL) , Sharekhan.

#5. India Infoline (IIFL) Demat Account

The list of Best Demat Account of India would not be complete without inclusion of India Infoline ( IIFL).

Started in 1995, IIFL is largest independent full service broker serving both retail and institutional clients.

Checkout the complete and in detail review of IIFL Securities here.

They have wide netwok of branches across all major cities and towns of India. They also have presence in Dubai, Colombo, Newyork, London, Singapore and HongKong.

As on date, IIFL Group has client base of more than 40 lakhs.

They offer support through more than 2500 branches and franchises present in more than 500 business locations.

IIFL Brokerage Structure:

IIFL has come up with a new brokerage plan called Z20 plan, below is the details of the Z20 plan

India Infoline Account Opening and AMC Charges:

Trading Account Opening Charges : NIL
Demat Account Opening Charges : NIL
Trading Account Maintenance Charges : NIL
Demat Account Maintenance Charges (AMC) : Free for first year and Rs 450 per year from second year onwards

Pros of IIFL Demat Account:

Good trading terminals and useful for all kind of traders
One of the established brokerage house of India
Large number of franchise network
Fund transfer facility with more than 60 banks

Cons of IIFL Demat account:

It is not a 3-in-1 demat account
Call and trade are charged very high ( Rs 50 per trade)
Does not offer direct mutual funds

#6. Sharekhan Demat Account

Sharekhan is a premium stock broker established in year 2000. In 2016, it was acquired by BNP Paribas for for than Rs 2200 crores.

It was one of the first stock broker with whom I opened my demat account. Except brokerage part I still like their products and services.

As on today, they have more than 16 Lakh customers and more than 2400 sub brokers spread across 570+ locations. You can find Sharekhan branches almost in all cities and towns of India.

Their trading terminals “Trade Tiger” is one of the advanced trading platform of India and I still use it.

Worst part of them is, they charge minimum brokerage of 10paise/share. This make very difficult to trade in low priced scrips.

Below is the default brokerage structure of Sharekhan:

Sharekhan Brokerage Structure:

Segment	Sharekhan Brokerage Charges
Equity Intraday	0.1% on both buy and Sell (min 5P/share)
Equity Delivery	0.5% on both buy and Sell (min 10P/share)
Equity Futures	0.1%
Equity Options	Rs 100/lot or 2.5% of premium whichever is higher
Currency Futures	0.1%
Currency Options	Rs 30/lot or 2.5% of premium whichever is higher
Commodities	0.1%

They also have prepaid plan through which one can reduce the brokerage outgo drastically. only catch here is , it is non refundable.

If you don’t utilize the brokerage within the time frame, the upfront fee paid by you gets lapsed.

So I advice to exercise due diligence before making up your mind.

Upfront Brokerage	Rs 2000	Rs 6000
Cash Leg 1	0.07%	0.05%
Cash Leg 2	0	0
Delivery	0.4%	0.25%
Future Leg 1	0.07%	0.05%
Future Leg 2	0	0
Future Next Day	0.07%	0.05%
Options	Rs 80/lot or 1.5% of Premium (Whichever is higher)	Rs 70/lot or 1% of Premium (Whichever is higher)

Upfront Brokerage	Rs 18000	Rs 30000
Cash Leg 1	0.04%	0.03%
Cash Leg 2	0	0
Delivery	0.4%	0.18%
Future Leg 1	0.04%	0.03%
Future Leg 2	0	0
Future Next Day	0.04%	0.03%
Options	Rs 50/lot or 1% of Premium (Whichever is higher)	Rs 40/lot or 0.75% of Premium (Whichever is higher)

Upfront Brokerage	Rs 60000	Rs 100000
Cash Leg 1	0.02%	0.01%
Cash Leg 2	0	0
Delivery	0.15%	0.10%
Future Leg 1	0.02%	0.01%
Future Leg 2	0	0
Future Next Day	0.02%	0.01%
Options	Rs 30/lot or 0.6% of Premium (Whichever is higher)	Rs 25/lot or 0.55% of Premium (Whichever is higher)

Sharekhan Account Opening and AMC Charges:

Trading and Demat Account Opening Charges : Zero
Demat Account Maintenance Charges (AMC) : Nil for first year and Rs 400 from second year onwards

Disadvantages of Sharekhan Demat Account:

Minimum brokerage clause which charges 10/paise per share and because of this it is not profitable to trade in stocks which trade below Rs 20
Sharekhan does not offer 3 in 1 demat account
Facility to place after trading time is not available
Commodity trading service is not offered to classic account holders
Brokerage charges are very much higher compared to even other full service brokers such as Angel One and Motilal Oswal

Advantages of Sharekhan Demat Account:

Call and trade is completely free
No charges for fund transfers from banks to trading account and other way round
Online class room sessions for beginners and advance traders for free
Wide reach across India and can be accesses across all major towns
Availability of Prepaid brokerage schemes to reduce the brokerage outgo
Sharekhan offers one of the finest trading terminal (Trade tiger) for free

Read my detailed review of Sharekhan here.

#6. Motilal Oswal Demat Account

Motilal Oswal is very popular among retail investors. They offer personalized service and custom made products. And they also assigh relationship managers who look after your service.

They are into not only broking but also into multiple services such as portfolio management, investment banking, institutional broking, asset management, commodity broking, FDs, invest in IPOs, Bonds, Loan and Insurance.

To know more about Motilal Oswal, read this detailed review.

Motilal Oswal Brokerage Structure:

Below table illustrates the brokerage charges of Motilal Oswal.

Drawbacks of Motilal Oswal:

Higher brokerage charges compared to discount brokers
It is not a 3-in-1 demat account

Benefits of Motilal Oswal:

30+ Years of experience in brokiong hence the trust factor
Widely recognised and award winning research papers
Diverse range of products to suit every type of investor/trader

Best 3-in-1 Demat Accounts (Bank Demat Accounts) In India:

As I explained previously, trading and demat account can be opened separately with different brokers.

However, it involves lot of complications and does not worth the money to be saved.

Similarly, it is also possible to open a demat account with a Bank.

The main advantage you get is the savings bank also gets integrated with trading and demat accounts now. this kind of accounts are known as 3-in-1 demat accounts.

Fund transfer in a 3-in-1 demat account is seamless. In other types of accounts, you have to wait till end of the day to get back the funds to your linked bank account whenever you carry out fund withdrawal.

But I don’t recommend to open your demat account with any of the banks. Reason being, their main business is banking and not broking.

Traditional or discount broker usually tend to provide better service comparatively to banks. This is because broking is their bread and butter (exceptions exist).

Read : Best 3-in-1 demat accounts of India

#7. ICICI Dirct Demat Account

Credit of popularizing online trading in India should definetly go to ICICI Direct. Online trading had become synonymous with ICICI Direct.

As on date , they were the largest stock broker of India until over taken by Zerodha.

Client acquisition was never a issue with them. Sales team at ICICI bank convince people to open demat account who usually come to bank to open savings account.

They have more than 20 Lakh customers and have been No.1 choice for investors and traders until the advent of discount brokers.

Brokerage of ICICIDirect suck big time and they are the one of the most expensive stock broker of India. Although they have different plans to reduce the rates if the turnover is high.

ICICI Direct Brokerage Structure:

They offer 3 different types of plans to suit the trading profile of the trader/investor.

1) I – Secure Plan:

A fixed percentage of brokerage is charged irrespective of turnover per quarter (Total traded value)

Turnover per Quarter	Delivery Brokerage	Intraday Brokerage
NA	0.55%	0.275%

2) I – Saver Plan:

A variable percentage of brokerage is charged besd on the of turnover per quarter. Higher the turnover. lower will be the brokerage slab.

Turnover per Quarter	Delivery Brokerage	Intraday Brokerage
Rs 5Cr.+	0.25%	0.125%
Rs 2 Cr. to 5 Cr.	0.30%	0.15%
Rs 1 Cr. to 2 Cr.	0.35%	0.175%
Rs 50 lakh to 1 Cr.	0.45%	0.225%
Rs 25 Lakh to 50 Lakh	0.55%	0.275%
Less than 25Lakh	0.75%	0.375%

3) Pre-Paid brokerage Plan

This plan is similar to Sharekhan, you pay upfront brokerage to avail the reduced brokerage slabs. Each will have validity period and the paid is lost if not consumed within that period.

Upfront Brokerage	Delivery Brokerage	Intraday Brokerage
Rs 10,000	0.45%	0.045%
Rs 25,000	0.35%	0.035%
Rs 50,000	0.30%	0.030%
Rs 75,000	0.25%	0.025%
Rs 1,00,000	0.20%	0.020%
Rs 2,00,000	0.15%	0.015%
Rs, 3,00,000	0.12%	0.012%

ICICI Direct Account Opening and AMC Charges:

Trading Account Opening Charges : Rs 975
Demat Account Maintenance Charges : Rs 700 per year

As you can see, both account opening and AMC charges are quite expensive in comparison to other brokers.

Advantages of ICICI Direct Demat account :

3-in-1 demat account , easier flow of funds
One of the most reputed name in brokerage industry.
One stop solution for all the investments and also insurance

Disadvantages of ICICI Direct Demat Account:

highest brokerage among the peers
No support for commodity trading
Mobile app is not very good
Minimum brokerage clause make it expensive for small and beginners
No brokerage calculator is provided

Check out my detailed review of ICICI Direct.

#8. HDFC Securities Demat Account

HDFC Bank is the parent company of HDFC Securities which is one of the biggest private sector banks. HDFC Securities was established in year 2000.

They service more than 17 Lakh customers and have branches across 185 locations in India Number of branches exceed 2400.

They have good reputation as far as their parent bank is concerned. What I don’t like about their service is, the trading terminal BLINK is not free. You have to shell out monthly fee for that.

HDFC Securities Brokerage Structure:

Their commission rates are almost more or less in inline with their peers such as ICICIDirect and Kotak Securities.

Below table gives snapshot of the brokerage charges;

HDFC Securities Brokerage Charges
Equity Segment
Delivery Based Trades	0.5% or Rs 25 Which ever is higher
Square Off Trades (Cash and Carry Scrips)	0.1% or Rs 25 Which ever is higher
Square Off Trades (Margin Scrips)	0.05% or Rs 25 Which ever is higher
Derivatives (Futures)
Non Square off (Carry Forward Trades)	0.05% or Rs 25 Which ever is higher
Square off Trades	0.025% or Rs 25 Which ever is higher
Derivatives (Options)
Options Brokerage	Rs 100/lot or 1% of premium which ever is higher

HDFC Securities Demat Account Opening and AMC Charges:

Trading Account Opening Charges : Rs 999
Demat Account Maintenance Charges : Rs 750 per year

Benefits of HDFC Securities Demat Account:

3-in-1 demat account useful for quick transfer of funds
NRI demat account is possible
Brand name with backing from reputed bank HDFC
They conduct educative seminars for its customer frequently

Drawbacks of HDFC Securities Demat Account:

Trading terminal(HDFC Blink) is not free and monthly subscription charges are applied
No support for trading in Commodity segment
Even the SMS based research tips are charged separately

Read the complete information about the brokerage charges and trading terminal etc here at HDFC Securities Review.

#9. Kotak Securities Demat Account

Kotak Securities is brokerage arm of its parent bank Kotak Mahindra Bank.

They offer services across multiple segments like equities, derivatives, ETFs, currencies and portfolio management services.

They have client base of more than 12 Lakhs. Their branches and franchises are present at more than 1200 locations in 360+ cities and towns. All these factors make Kotak Securities as top rated demat account of India.

Kotak Securities Brokerage Structure:

They have two brokerage plans, 1) Dynamic Plan and 2) Advance Brokerage Plan

1) Dynamic Brokerage Plan:

Brokerage slab applied changes as per the monthly turnover by the client. Higher the traded volume, lesser the brokerage.

Kotak Securities Dynamic Brokerage Scheme
Delivery Trading
Monthly Volume	Brokerage Charges
Less than 1 Lakh	0.59%
1-5 Lakh	0.55%
5-10 Lakh	0.45%
10-20 Lakh	0.36%
20-60 Lakh	0.27%
60 Lakh- 2 Crores	0.23%
Greater than 2 Crores	0.18%
Intraday Trading
Less than 25 Lakhs	0.06%
25 Lakhs- 2 Crores	0.05%
2 Crores – 5 Crores	0.04%
More than 5 Crores	0.03%

2) Advance Brokerage Plan:

Again, if you are willing to pay advance brokerage fee, there are various slabs with reduced brokerage percentages.

Each will have validity of 12 months and if you fail to utilize that much brokerage, the remaining amount get lapse.

Advance Fee	Delivery Brokerage	Intraday Brokerage
Rs 5,000	039%	0.040%
Rs 10,000	0.29%	0.035%
Rs 50,000	0.19%	0.030%
Rs 2,00,000	0.12%	0.015%

Kotak Securities Demat Account Opening and AMC Charges:

Trading Account Opening Charges : Rs 750
Demat Account Maintenance Charges : Rs 50 per month

Pros of Kotak Securities Demat Account:

They offer 3-in-1 demat account which enables seamless transfer of funds
All investment avenues under one roof
Above par trading terminals and also provision for traders with slow internet connection
Online chat facility with support team

Cons of Kotak Securities Demat Account:

No support for commodity segment
Brokerage charges are high even when compared to other full service brokers

Check out complete details of Kotak Securities and their products & services here.

Final Thoughts about Best Demat Account in India:

As there is no one-size-fits all solution to any problem of the world, there is no single demat account which I can say best for everyone. Each would have different requirements, some may be beginners and some are not so.

So which broker is best for demat account in India?

As far as I am concerned, Zerodha provides best demat account in india. I have switched from Sharekhan to Zerodha in year 2012 itself.

After analysing various broker and trading with them, I’m prestty satisfied with the service of Zerodha .

I have penned down my thoughts on why I love to use Zerodha in this article.

I have tried to compile most of the information about India’s top demat accounts for 2024. However do your own research before taking any decision.

Also don’t forget to check with respective brokers if there any changes in the brokerage structure compared to what I have mentioned here.

If you think the above list needs to be revised by including or excluding any other best demat account in India, please let me know through comments. Also mention why do you think so.

But without doubt, I can say that Zerodha offers good demat account and can easily recommend them at any time.

Frequently Asked Questions (FAQs) About Best Demat Account :

Question 1. Can I have multiple Demat Account? Is it legal to have more than 1 demat account in India?

Answer : Yes, it is completly legal in India to have more than one demat account. Howerver, all the demat account should be linked to your PAN number.

Question 2. Can I have multiple Demat Account with a same stock broker?

Answer : No, Only one demat account per stock broker is allowed in India.

Question 3. Can I Buy Shares without demat account?

Answer : No, now it is mandatory to have shares in dematerialized form, hence you can not buy share in physical form. So demat account is must if you want to puchase any shares.

Question 4. Can I transfer shares from one demat account to another?

Answer : Yes, it is possible to transfer shares from one demat account to another. Read this post for the more details and steps.

Question 5. Which is the best demat account in India for beginners?

Answer : Zerodha, is hands down is best demat account for beginners in India with free stock market education (varsity) for newbies and zero brokerage charges for delivery segment.

Question 6. Who offers Free demat account in India?

Answer : Angel Broking is offering free demat account with zero account opening charges and free AMC for first year.

Question 7. Where can I compare the features of demat accounts?

Answer : You can visit demat account comparision page to check side by side comparision of two demat account. And decide depending upon parameters such as:

Best demat A/C for small investors
Top demat account for IPO investments
Best demat account for intraday trading
Top demat A/C for options trading

Question 8. Which is the best 3 in 1 demat account?

Answer : 3-in-1 demat account is usually offered by the broker backed by a bank. ICICI Direct and Kotak Securities are some of the well known names. Nowadays, Zerodha and Upstox have also started offering 3-in-1 demat account with tie up with IDFC First and INdus Ind bank. You can visit this page to know more about leading banks offering 3-in-1 demat account.

Question 9. Which is the best demat account for traders in India?

Answer : Zerodha, again with 9.21/10 ratings with minimalistic, supar fast & super light, clean and intuitive User Interface(UI) is good choice for traders. Coupled with only Rs20/trade irespective of traded amount and with the trust factor of being the biggest stock broker of India, Zerodha demat account is the best demat account in India for traders.

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