Finance
Best Demat account in India- List of Top 10 Demat Accounts in India
Last Updated on January 17, 2025 – by Mamta
The best demat account is important for those who are looking to invest in stocks, mutual funds or more. The Demat account help you to store your money digitally which make your trading journey safe and easy. There are so many options available from which you have to choose the right Demat account. A good demat account offers low Fees, easy to use and have good customer services. We have listed the top 10 demat account in India to make your decision making more simple. These accounts are trusted by millions of investors and offer great features to meet different needs.
What Is a Demat Account?
A demat account helps you to store your investment and shares in an electronic format. When you start trading your shares are bought and stored in a Demat account. This helps users to experience easy and safe trading. The demat account reduce the risk of storing, theft, and damage of stocks. Your demat account stores all your investments you earn in shares, government secuirites, bonds, trade funds exchange and mutual fund in one place.
List of Top 10 Demat Accounts in India with Their Fees
| Best Demat Account Name | Account Opening Fees | Maintenance Fees(AMC) |
| Angel One Demat Account | ₹0 | ₹240 per year |
| Zerodha Demat Account | ₹200 | ₹300 per year |
| Upstox Demat Account | ₹0 | ₹150 per year |
| 5Paisa Demat Account | ₹0 | ₹300 per year |
| Groww Demat Account | ₹0 | Free |
| Samco Demate Account | ₹0 | ₹400 per year |
| IIFL Demat Account | ₹0 | ₹250 per year |
| ShareKhan Demat Account | ₹0 | ₹400 per year |
| Edelweiss Demat Account | ₹0 | ₹240 per year |
| ICICI Direct Demat Account | ₹0 | ₹300 per year |
List of Best 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
1. Zerodha
Zerodha is the best demat account provider in India. Zerodha helps their users to invest in stocks, mutual funds and more. It offers their users a platform with low Fees which it best choice for beginners and experts. The account allow their users to buy and sell their shares online easily. Zerodha have a feature called kite which helps you to make your investments fast and effortless. It is trusted by millions and is known for its transparent and reliable services.
Features of Zerodha Demat Account
- It offers great customer support to their users
- provide market research tools
- Offers outstanding trading experience
Pros and Cons
| Pros | Cons |
| Provide User-friendly Platform | Does not provide margin funding |
| Offer low brokerage fees | Low customer support |
| Have different investment option | Does not offer baking services |
Zerodha Demat Account Opening Fees
| Account Opening Fees | Rs 200 for Trading & Demat A/C |
| AMC for Trading Account | Rs 0 |
| AMC for Demat Account | Rs 300 per year |
Zerodha Brokerage Fees
| Trading Category | Brokerage Fees |
| 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) |
2. Upstox Demat Account
Upstox demat account offers their users a platform to manage their stocks online safely. Upstox helps their users in buy, sell and hold their shares online with security. The account opening process in Upstox is easy and does not need paperwork. It offers their users low brokerage fees and budget-friendly platform. Upstox allows their users to start trading in mutual funds and other securities. It also provides advanced charts and analysis tool features to their users.
Features of Upstox Demat Account
- Allows you to transfer stocks from existing demat account to Upstox
- Allows you to track and monitor you shares online
- Allows you to buy and sell your shares online
Pros and Cons
| Pros | Cons |
| Provide easy to use mobile app | Take brokerage Fees on equity delivery |
| Offer low brokerage frees | Low costumer support |
| Have free account opening process | Deduct high margin |
Upstox Demat Account Fees
| Account Opening Fees | Rs 0 |
| AMC for Trading Account | Rs 0 |
| AMC for Demat Account | Rs 0 per year |
Upstox Brokerage Fees
| Trading Category | Brokerage Charge |
| Equity Delivery | ₹20, whichever is lower per executed order |
| Intraday | 0.05%, whichever is lower per executed order |
| Equity Futures | 0.05%, whichever is lower per executed order |
| Options | ₹20 per executed order |
3. Angel One Demat Account
Angel One is one of the best demat account provider. You can manage and store your shares online with security. It is easy to open demat account and help you to trade in stocks, mutual funds, bonds and more. The process of account opening in Angel one is fast and easy. Angel one offers you fast transactions, secure storage and user-friendly tools. Angel one demat account is best for beginner and expert investors. It also has mobile app by which you can access your trading from anywhere.
Features of Angel One Demat Account
- Allows you to open you demat account for free
- Offers easy tracking features to monitor your account
- Allows you to link your demat account with bank account for smooth transactions
Pros and Cons
| Pros | Cons |
| Provide easy to use mobile app | Take brokerage Fees on equity delivery |
| Offer low brokerage frees | Low costumer support |
| Have free account opening process | Deduct high margin |
Angel One Demat Account Fees
| Account Opening Fees | Rs 0 |
| AMC for Trading Account | Rs 0 |
| AMC for Demat Account | Rs 240 per year |
Angel One Brokerage Fees
| Trading Category | Brokerage Charge |
| Equity Delivery | ₹0, whichever is lower per executed order |
| Intraday | Flat Rs 20 per executed order |
| Equity Futures | Flat Rs 20 per executed order |
| Options | Flat Rs 20 per executed order |
4. Groww Demat Account
A Groww Demat account provide you the easy way to invest in stocks, mutual funds, and more. Groww helps their users to store their shares online with security. It also makes buying and selling process of share easy and simple. Groww has their own mobile application which makes it an easy to use application. Groww takes low brokerage fees from their users. You can open a Demat account online easily and fast without any need of paperwork. Groww provide all the helpful tools to their users which makes investment easy and accessible.
Features of Groww Demat Account
- Offers instant account opening facility with no paperwork requirement
- Provide latest and accurate market updates to their users
- Offer users free demat account facility
Pros and Cons
| Pros | Cons |
| Provide free demat account | Do not provide stock tips |
| Offers multiple investment options | Low costumer support |
| Have simple price model | Deduct high margin |
Groww Demat Account Fees
| Account Opening Fees | Rs 0 |
| AMC for Trading Account | Rs 0 |
| AMC for Demat Account | Rs 0 per year |
Groww Brokerage Charge
| Trading Category | Brokerage Charge |
| Equity Delivery | ₹0.1, whichever is lower per executed order |
| Intraday | Flat Rs 0.1 per executed order |
| Equity Futures | Flat Rs 20 per executed order |
| Options | Flat Rs 20 per executed order |
5. Sharekhan Demat Account
Sharekhan demat account provide their users a facility to store their investments online safely. It helps their users to make investment in stocks, mutual funds and more. Sharekhan offers the best features to their users like latest market updates, expert advices and detailed reports. The Sharekhan demat account opening process is easy with their helpful team support. Sharekhan is one of the great option for beginners and experienced investor to store their digital money safely.
Features Of Sharekhan Demat Account
- Allows users to transfer online funds from any bank
- Offers secure depository feature
- Allows users to buy, sell and transfer their investment easily.
Pros and Cons
| Pros | Cons |
| Offer easy to use platform | Takes minimum trading Fees |
| Offers strong customer Support | Expensive brokerage Fees |
| Offers advance trading tools | Cannot open combined account |
Sharekhan Demat Account Fees
| Account Opening Fees | Rs 0 |
| AMC for Trading Account | Rs 0 |
| AMC for Demat Account | Rs 400(Free for one year) |
Sharekhan Brokerage Fees
| Trading Category | Brokerage Charge |
| Equity Delivery | ₹0.50%, whichever is lower per executed order |
| Intraday | Flat Rs 0.10 per executed order |
| Equity Futures | Flat Rs 0.10 per executed order |
| Options | Flat Rs 50 per executed order |
6. IIFL Securities Demat Account
IIFL Securities is one of the best demat account provider. It provides their users easy and simple way to hold their investment online. IIFL securities helps their users to buy, sell and manage their stocks easily. It does not require any paperwork for investment. It allows their users to trade in stocks, mutual funds and more without any risk. Users can also download IIFL securities mobile application to make investment anytime. It also provides great customer support to their users which makes it the best to use.
Features of IIFL Securities Demat Account
- offers advance trading platform to their users
- Allows to use single account for all investment
- Offers Smart financial research tools
Pros and Cons
| Pros | Cons |
| Offers one year free AMC | Does not offers mutual funds |
| Offers competitive brokerage fees | Fees higher brokerage Fees |
| Offers advance trading tools | Subscription fees are non-refundable |
IIFL Securities Demat Account Fees
| Account Opening Fees | Rs 0 |
| AMC for Trading Account | Rs 0 |
| AMC for Demat Account | Rs 250(Free for one year) |
IIFL Securities Brokerage Fees
| Trading Category | Brokerage Charge |
| Equity Delivery | ₹0%, whichever is lower per executed order |
| Intraday | Flat Rs 20 per executed order |
| Equity Futures | Flat Rs 20 per executed order |
| Options | Flat Rs 20 per executed order |
7. 5Paisa Demat Account
The 5Paisa demat account is the best way to store and manage your investment online safely. It does not require any paper work to buy and sell your shares. 5Paisa offers their users low-cost plans which helps users to save their money. 5Pasia offer quick online registration facility which makes the account opening process simple and easy. It also offers user-friendly app to track your investments anytime. 5paisa can be one of the smart choice for beginners and experts who are looking for convenience.
Features of 5Paisa Demat Account
- Offers latest market updates and news
- Offers quick and easy access to all your investments
- Offers the buy and sell of shares conveniently
Pros and Cons
| Pros | Cons |
| Offers free and paperless account opening | Takes high demat debit charge |
| Offers low brokerage fees | does not offer NRI trading services |
| Offers user-friendly platform | Offline process is time consuming |
5Paisa Demat Account Fees
| Account Opening Fees | Rs 300 (one time) |
| AMC for Trading Account | Rs 0 |
| AMC for Demat Account | Rs 540 yearly (INR 45 per month) |
5Paisa Brokerage Fees
| Trading Category | Brokerage Charge |
| Equity Delivery | Rs 20, whichever is lower per executed order |
| Intraday | Flat Rs 20 per executed order |
| Equity Futures | Flat Rs 20 per executed order |
| Options | Flat Rs 20 per executed order |
8. Samco Securities Demat Account
The Samco Securities provide their users a simple and affordable demat account. Samco demat account helps their users to store their shares and investments safely. It is a budgets friendly option for beginners and experienced traders as it takes low brokerage fees. The samco demat account provide quick and safe transactions to their users. It also provides advance trading tools which helps their users to make useful investment decision. Samco demate account is a reliable and budget friendly way to manage your investments.
Features of Samco Securities Demat Account
- Offers free, instant, and paperless account opening
- Offers free first year Demat AMC
- offers advance trading platform to their users
Pros and Cons
| Pros | Cons |
| Offers free account opening | Have limited platform access |
| Offers 3 in 1 account service | Fees calls and trade fees |
| Offers advanced tools | No unlimited trading plans |
Samco Securities Demat Account Fees
| Account Opening Fees | Rs 0 |
| AMC for Trading Account | Rs 0 |
| AMC for Demat Account | Rs 400 per year |
Samco Securities Brokerage Fees
| Trading Category | Brokerage Charge |
| Equity Delivery | Rs 20, whichever is lower per executed order |
| Intraday | Flat Rs 20 per executed order |
| Equity Futures | Flat Rs 20 per executed order |
| Options | Flat Rs 20 per executed order |
9. Edelweiss Demat Account
The Edelweiss demat account offers their users an easy and safe way to manage their shares online. It allows their users to buy, sell and manage their stocks, funds and more quickly. Edelweiss also provide their users an easy to use platform and best customer service. In Edelweiss account opening process is very simple and does not require any paper work. It also allows their users to track their investment anytime with the help of their mobile application.
Features of Edelweiss Demat Account
- provides trading insights from the markets section
- offers easy to access mobile application
- offers dedicated research section and tools for timely decisions
Pros and Cons
| Pros | Cons |
| Offers free research and trading trips | Do not offer stock tips |
| open an account online and paperless | Fees high fees |
| offers easy to use mobile app | Charge high brokerage fees |
Edelweiss Demat Account Fees
| Account Opening Fees | Rs 0 |
| AMC for Trading Account | Rs 0 |
| AMC for Demat Account | Rs 240 per year |
Edelweiss Brokerage Fees
| Trading Category | Brokerage Charge |
| Equity Delivery | Rs 0, whichever is lower per executed order |
| Intraday | Flat Rs 20 per executed order |
| Equity Futures | Flat Rs 20 per executed order |
| Options | Flat Rs 20 per executed order |
10. ICICI Direct Demat Account
The ICICI Direct is the right demat account provider. It offers their users simple and secure way to manage their investment online. ICICI Direct provide 3 in 1 account opening services for smooth transactions. Which means you can open your trading, banking and demat account in one. ICICI direct also offers their users an user-friendly platform, tools for research, tracking service and real updates. It provides smooth and stress-free investment experience to both beginner and experienced investors.
Features of ICICI Direct Demat Account
- Offers smooth trading facility
- Provide latest and accurate market updates to their users
- Allows you to track and monitor you shares online
Pros and Cons
| Pros | Cons |
| reduce the settlement cycle | Fees reactivation fee |
| eliminate manual errors | Fees high annual maintenance charge |
| make it easier to liquidate assets | Charge high brokerage fees |
ICICI Direct Demat Account Fees
| Account Opening Fees | Rs 0 |
| AMC for Trading Account | Rs 0 |
| AMC for Demat Account | Rs 300 (from 2nd year onwards) |
ICICI Direct Brokerage Fees
| Trading Category | Brokerage Charge |
| Equity Delivery | Rs 0.55%, whichever is lower per executed order |
| Intraday | Flat Rs 20 per executed order |
| Equity Futures | Flat Rs 0 per executed order |
| Options | Flat Rs 20 per executed order |
Best Demat Account for Beginners
Groww is one of the best demat account for beginners. It provides easy way to invest in stocks, mutual funds, and more. Groww takes low brokerage fees from their users. You can open a Demat account online easily and fast without any need of paperwork. It also provides all the helpful tools to their users.
Best Demat Account in India for Intraday Traders
Zerodha is one of the best demat account in India for intraday traders. It offers their users a platform with low Fees which it best choice for beginners and experts. Zerodha have a feature called kite which helps you to make your investments fast and effortless. It is trusted by millions and is known for its transparent and reliable services.
Top Demat Account for IPO Investment
5Paisa is one of the top demat account for IPO investment. It offers their users user-friendly platform to store their investments. 5Pasia offer quick online registration facility which makes the account opening process simple and easy. It also offers you the latest tools to track your investments. It does not require any paper work to buy and sell your shares.
Conclusion
The demat account allow their users to store their investment online securely. But choosing the right demat account is important. The best demat account offers their users smooth transcation and good customer support. We have listed all the best demat accounts to choose from. Demat account like Zerodha, Groww, Upstox and more offers their users low brokerage fees and user-friendly platform to manage investments. The above mentioned accounts are trusted by millions of investors and offer great features to meet different needs.
FAQs
1. Which are the best Demat Account in India?
Upstox, Zerodha, Samco, Angle one, and Sharekhan are some of the best demat account in India. They offer their users a user-friendly platform and charge low brokerage fees.
2. What Documents are required to open a demat account?
If you want to open your demat account, then you need your government identity proof like an Aadhar card and PAN card, address proof, income proof, signature, bank account statement and your passport size photograph.
3. What are the benefits of having a Demat account?
It offers various advantages of having a demat account. It provides enhanced security, ease of transfer, and efficient portfolio management. It also eliminates the risks associated with physical share certificates.
4. Can We withdraw money from the Demat account?
If you have sell your securities and have a fund amount. This amount will be visible on your trading portal. You can withdraw this amount and credit it directly into your bank account without any extra Fees or delays.
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