Many Demat accounts providers are available in India so selecting one is a difficult task. The following is a curated list of the Top Demat Account in India with their features, pros, cons, key specs, pricing, and website links.
Best Demat Account in India: Lowest Brokerage
1) Zerodha
Best for Quick, easy, and cost-effective equity trading Zerodha has focused on leveraging technology to create a better experience for its users. Its Demat account can be used with three mobile apps to satisfy different users’ needs. The attention to detail they put into their services makes them one of the best Demat accounts in India. Zerodha has feature-loaded user interfaces that are easy to use, with simplicity and functionality in mind. They have grown significantly to become one of the best Demat accounts in India. In 2010, Zerodha became India’s first-ever discount broker. With the Zerodha Demat account, you can trade in Stocks, Equity F&O, Currency F&O, Commodity F&O, Bonds, and Govt-Securities. Zerodha also lets you have a 3-in-1 Demat account collaborating with IDFC Bank.
Features:
It can be used as a 3-in-1 Demat account integrated with IDFC First bank account It offers multilingual support for many regional languages Zerodha has extensive trading charts with 100+ indicators The trading account boasts in-depth Profit/Loss, tax, and portfolio reports Allows trading of Bonds and Government Securities with the trading account
Key Specs:
Exchange Membership: BSE, NSC, MCX, and MCX-SX Demat AMC: Plan starting at 300 per year PMS services: No Per Transaction Charge: NSE: 0.00325% | BSE: 0.003% per trade Trading Platforms: Web and App (Android and iOS) Customer Service: Call and Email Visit Zerodha »
2) Upstox
Best Demat Account for simple and free account opening Upstox customers can enjoy the various tools to manage their Demat account better and act quickly. Among all Demat accounts, it boasts some of the lowest brokerage costs making it relatively inexpensive. Upstox is among the best Demat accounts in India when it comes to customer support. Their support is knowledgeable, experienced, easy to approach, and can solve customers’ problems in almost no time. You can enjoy a 3-in-1 Demat account integrated with the IndusInd Bank account. It offers robust notifications and alerts that help you to updated with the latest happenings in your trading account portfolio, business, and market, making it the best Demat account in India
Features:
Simple and quick online money transfers, including support for no-cost UPI transactions Swift account opening process, with no opening charges Easy to use Web UI makes it accessible from anywhere in the world Effortlessly search top stocks with Universal Search Fastest order executions and deliveries
Key Specs:
Exchange Membership: BSE, NSE, and MCX Demat AMC: Plans starting at Rs. 150/year PMS services: No Per Transaction Charge: NSE: 0.00325% | BSE: 0.003% per trade Trading Platforms: Web and App (Android + iOS) Customer Service: Chatbot and Email Link: https://upstox.com/
3) ICICI Direct
Best Demat account for Low volume traders or existing ICICI Bank customers ICICI Direct’s user interface can be easily customized according to user needs, making it one of the best Demat accounts in India for usability. They provide the option to have a 3-in-1 Demat account experience wherein the ICICI Direct Demat account is integrated with your ICICI Bank account. They allow their customers to choose from various plans based on their specific needs. It’s an excellent choice for existing customers of ICICI Bank. With the ICICI Direct Demat account, customers can effortlessly access other products offered by ICICI like loans, fixed deposits, and more.
Features:
Detailed research-backed suggestions and recommendations ICICI Bank customers can use it as a 3-in-1 account Lightweight website can be accessed even with sub-optimal internet connections Allows customizing UI according to your needs Multiple trading plans to meet your specific needs
Key Specs:
Exchange Membership: BSE, NSE, and MCX Demat AMC: Plans starting at Rs. 300/year PMS services: Yes Per Transaction Charge: NSE 0.0031% | BSE 0.0028% Trading Platforms: Web and App (Android and iOS) Customer Service: Website Visit ICICI Direct »
4) Motilal Oswal
Best For getting research-backed investment advice Motilal Oswal does in-depth research to provide customers with the right advice. They also provide portfolio management services to help you manage your entire portfolio and make the right decisions. It is one of the oldest demat account providing financial services in India. Their experience in financial services like Demat accounts is unmatched and is hard to match. Motilal Oswal has 1700+ branch locations to provide support and assistance besides the online support services. These features have made it one of the best Demat accounts in India. Like other trading platforms, Motilal Oswal also allows its users to choose the plans that best suit their needs.
Features:
In-depth research and investment advice about 250+ companies in 20+ sectors Variety of high-quality financial services Leverage facilities across cash, F&O, and CDS segments One of the most exemplary Portfolio Management Services
Key Specs:
Exchange Membership: BSE, NSE, and MCX Demat AMC: Plans starting at Rs. 550/year PMS services: Yes Per Transaction Charge: Rs 40 or 0.04% Trading Platforms: Web, App (Android + iOS), and Smart Watches Customer Service: Call, Email, and offline in-office support Link: https://www.motilaloswal.com/
5) Groww
Best Demat account for newcomers looking to open an account for free. Groww is known for its completely free Demat account opening with zero account maintenance charges. Their account opening process is paperless and can be done from the comfort of your home. Their brokerage charges are also very competitive, making them the best Demat account in India for a low-cost budget. They also support reliable intraday trading, direct mutual funds, and SIPs. It can be easily integrated with many apps/services to create an even better experience. Groww was founded in 2016 to provide financial services to millions of Indians. It’s the best Demat account for getting analytics and news relevant to the market, your portfolio, and more to help you make better financial decisions.
Features:
Provides a built-in mutual funds calculator Analytics and statistics for stocks, mutual funds, and other investments Well-Built API to integrate with other apps and services Fast one-click order placements Online articles, resources, and news relevant to you
Key Specs:
Exchange Membership: BSE, NSE, and MCX Demat AMC: Rs. 0 (Free) PMS services: No Per Transaction Charge: NSE 0.00325% | BSE 0.003% Trading Platforms: Web and App (Android + iOS) Customer Service: Website Link: https://groww.in/
6) Paytm Money
Best Demat Account in India for having the lowest charges Paytm Money has been the biggest name in low-cost investing and is one of the best Demat accounts in India. Paytm Money Demat account services are robust and very reliable. It provides simple, intuitive, and easy-to-use mobile apps for Android and iOS to help novices/inexperienced quickly become comfortable in trading. Paytm trading account also provides periodic information about personal finance, capital market, and more to its users. You can create a Demat Account easily and start trading from just Rs. 100. Paytm Demat Account supports Stock Market, Mutual Funds, ETF, IPO, F&O, and NPS retirement funds.
Features:
In-depth, high-quality insights about your portfolio Market analysis tools help find best rated mutual funds and stocks Historical data and risk evaluations for all mutual funds Auto-Pay to ensure on-time payments for investments
Key Specs:
Exchange Membership: BSE, NSE, and MCX Demat AMC: Plans starting at Rs. 300/year PMS services: Yes Per Transaction Charge: NSE 0.00325% | BSE 0.003% Trading Platforms: App (Android + iOS) Customer Service: Email and In-App Customer Support Link: https://www.paytmmoney.com/
7) Angel Broking
Best For newcomers/novices who lack knowledge/experience Angel Broking provides proper research-driven suggestions, analytics, and valuable investment advice to its users. Their investment advisory and apps are available to all investors for free. Angel Broking Demat account is one of the best Demat accounts in India due to its vital services, UI, and the Angel One app. It has been a discount broker for more than 30 years. They also have multiple plans for customers to decide based on their needs. Apart from being an excellent Demat account provider, their portfolio management services (PMS) and trading services are some of the best. Angel Broking Demat Account opening is completely free, online, and fast.
Features:
Swiftest account opening (Start trading within 1 hour of KYC) Angel Speed Pro desktop app allows accessing market data in almost real-time Intraday analytics, news, as well as real-time updates on the top gainers and losers of the day Experienced financial advisors guide you through your Demat Accounts
Key Specs:
Exchange Membership: NSE, BSE, and MCX Demat AMC: Plans starting at Rs. 240 + taxes /year PMS services: Yes Per Transaction Charge: NSE 0.00325% | BSE 0.003% Trading Platforms: Web and App (Android + iOS) Customer Service: Website and Email Link: https://www.angelone.in/
8) FYERS
Best for having advanced market research tools and investment advisories It’s the Best Demat Account in India for having easy and quick access to trade and market trends from desktops, laptops, phones, and tabs. FYERS is one of the best Demat accounts in India that started in 2015. It’s an acronym for “Focus Your Energy & Reform Self.” Their trading account allows you to trade in Equity, Currency, Mutual Funds, and IPOs. They have lots of analytics, user data, and education material to provide users with proper financial education. FYERS also boasts heatmaps, stock screeners, market meters, and trend scanners. It makes it the best Demat account in India to understand market trends.
Features:
Active community to share knowledge and get answers quickly Market Education with FYERS School Of Stocks Fast account opening process usually takes less than 5 minutes Supports financial services like Loans, Fixed Deposits, and Insurance
Key Specs:
Exchange Membership: BSE, NSE, and MCX Demat AMC: Rs. 0 (Free) PMS services: No Per Transaction Charge: NSE 0.00325% | BSE 0.003% Trading Platforms: Web and App (Android + iOS) Customer Service: Phone and Email Link: https://fyers.in/
FAQs
❓ What is a Demat Account? How Does it Work?
A Demat account or a Dematerialized account stores securities such as stocks, bonds, mutual funds, etc. In online trading, investments are bought and stored in Demat accounts to support easy trading. Demat effectively reduces the risk of robbery, misplacing, and more. A Demat account converts physical financial assets into digital assets, hence “Dematerializing” them. These financial assets can be traded via an online trading account. Today every Demat account in India will integrate with a trading account, allowing easy trading and storage.
🏅 What are the Best Demat Accounts Providers in India?
Here are the Best Demat accounts in India:
Zerodha Upstox ICICI Direct Motilal Oswal Groww
❗ How to select the best Demat Account in India?
There are many parameters to consider when selecting a trading and Demat account in India. Here are essential parameters that you should consider selecting the best Demat account in India for your use:
Ease of Use: Your Demat and trading account should have straightforward tools/services and the guidance/support to use them App Interface: Demat account providers build their app interface should make your assets and trades can be managed in a hassle-free way Portfolio Management Services: Investments made in stocks, FDs, debt, and more on your behalf to achieve your predefined investment goals/objectives. Some Demat accounts come integrated with the portfolio management services as well. Fees: Your Demat account provider will charge you a brokerage fee for every trade. Besides, Demat account providers may have a one-time charge when you open a Demat account and annual maintenance charges. Investment Advisory: Skilled in researching user trends, past performance, and other data to make predictions about various investments. Such advisories can help you make better decisions when investing. 3-in-1 Demat Account: Accounts bundled with a trading account and a bank account.
