Top 10 Demat Accounts in India and charges
| Demat Accounts | Delivery charges | Intraday Trading charges | Options Trading charges | Futures charges |
| Groww | Rs. 20 or 0.05% (whichever is lesser) as per executed order | Rs. 20 or 0.05% (whichever is lower) as per the executed order | Flat Rs. 20 per executed order | Flat Rs. 20 per executed order |
| Zerodha Demat Account | Free | Rs. 20 or 0.03% (whichever is lower) as per the executed order | Flat Rs.20 per executed order | Flat Rs. 20 per executed order |
| Aditya Birla Capital Demat Account | Rs.20 or 0.25% (whichever is lower) per executed order | Rs. 0 or 0.30% (whichever is lower) per executed order | Flat Rs. 20 per executed order | Flat Rs. 20 per executed order |
| Upstox Demat Account | 2.5% or Rs.20 (whichever is lesser) | Rs. 20 or 0.05% (whichever is lesser) per executed order | Flat Rs.20 per executed order | Flat Rs. 20 per executed order |
| 5Paisa Demat Account | Rs. 20 or 0.25% (whichever is lesser) per executed order | ₹20 or 0.05% (whichever is lesser) per executed order | Flat Rs.10 per executed order | Flat Rs.10 per executed order |
| Paytm money | Rs.20 or 0.05% (whichever is lesser) per executed order | Rs. 20 or 0.25% (whichever is lesser) per executed order | Flat Rs. 20 per executed order | Flat Rs. 20 per executed order |
| Axis Direct Demat Account | Free | Rs. 20 or 0.03% (whichever is lesser) per executed order | Flat Rs. 20 per executed order | Flat Rs. 20 per executed order |
| Kotak Securities Demat Account | Rs. 20 or 0.25% (whichever is lesser) per executed order | Rs. 0 | Flat Rs. 20 per executed order | Flat Rs. 20 per executed order |
| SBICAP Securities Demat Account | Rs. 20 or 2% (whichever is lesser) per executed order | Rs. 0 or 0.30% (whichever is lesser) per executed order | Flat Rs. 20 per executed order | Flat Rs. 20 per executed order |
| HDFC Securities Demat Account | Rs. 20 or 0.50% (whichever is lesser) per executed order | Rs. 20 or 0.10% (whichever is lesser) per executed order | Rs. 100 per executed order | 0.05% |
Features of The Top 10 Best Demat Accounts 2024
- Groww Demat Account
Groww is a great option for a demat account. They do not charge any annual maintenance fee, and you have to pay only when you trade. The account opening process is 100% online and free.
Key highlights
- Annual Maintenance Charge: free
- Exchange membership:BSE, NSE, MCX, and NCDEX
- PMS Services: Available
- Charges per transaction: 8 plus Rs. 5.50 (CDSL Charges) per ISIN
- Trading Platforms: Website and mobile app
- Customer Service: Phone, email, and chat
- Investment Options: Equity, currency, commodity, mutual funds, IPOs
- With Groww, customers can invest in US stocks.They can also buy partial stocks through Groww.
- Groww offers its users a seamless paperless KYC facility for opening an account.
- The account opening process is completely online and seamless.
- The account opening charges and the annual account maintenance charges are zero currently.
- Demataccounts provide an all-in-one platform for mobile devices as well as desktops.
- You can transact in multiple segments from the same platform.
- You have the option of investing in digital gold with Groww.
- Zerodha
Key highlights
- Annual Maintenance Charge: 300 per annum
- Exchange membership:BSE, NSE, MCX
- PMS Services:Not available
- Charges per transaction: 13.5 per scrip for selling stocks, CDSL fee of Rs.5.5 per mutual fund
- Trading platforms: Kite, Console, Coin, Sentinel, Varsity
- Low-cost brokerage rates
- Offers a wide range of financial instruments (stocks, derivatives, commodities, mutual funds, bonds)
- Easy and smooth trading experience
- Attractive pricing compared to traditional brokerage firms
- Easy and convenient to use online trading platforms (Zerodha Smallcase, Zerodha Console)
- Upstox
Upstox Demat account, you can invest, trade, learn, and track your wealth all from one account. Opening the account happens in 3 simple steps, and it offers quick and secure onboarding.
Key highlights
- Annual maintenance charges: 150 per annum
- Exchange membership:BSE, NSE, MCX
- PMS Services:Not available
- Charges per transaction:Flat fee of Rs. 20 per order executed for delivery, intra-day, and F&O trades
- Trading Platforms: Upstox MF, Upstox Pro, and Upstox API
- Customer Service:Phone, email, and chat
- Investment options: Equity, Derivatives, Currency, Commodity, Mutual Funds, IPOs, Bonds
- Open a free Demat account in 2 minutes
- Zero AMC & charges* on Mutual Funds and IPO
- Gives an easy selection process for investment. You can easily find investment opportunities using their smart list and smart screener.
- You can get technical and fundamental information about companies you want to invest in with ease.
- Upstox simplifies the process of investing in mutual funds and ETFs for the customer. Users can do it from the same app they use for trading or investing in equity.
- Upstox is offering customers demat accounts with zero annual maintenance fees at present.
- For futures and options traders, Upstox provides an easy to use trading strategy builder and readymade strategies which are very easy to implement.
- Aditya Birla Capital
The Aditya Birla Capital Demat account is a great option for individuals who want to invest in low-risk mutual funds and ETFs. It supports various financial products, including equity delivery, intraday trading, ETFs, and derivatives.
- Annual Maintenance Charge: 300 per annum
- Exchange membership: BSE, NSE, MCX
- PMS Services:Not available
- Charges per transaction: 50 per transaction for delivery tradesand Rs. 20 per transaction for Intraday trades
- Trading Platforms: ABTrade, Mobile App
- Customer Service: Phone, email, and chat
- Investment options: Equity, derivatives, currency, commodity, mutual funds, and IPOs
- 5Paisa Demat Account
The 5Paisa Demat Account is an excellent option for those who want to invest in varied trading options. The multiple market research tools, comprehensive portfolio analysis, and trading alternatives it offers make it one of the best Demat accounts in India in 2024.
Key highlights
- Annual maintenance charges: 300 per annum
- Exchange membership: BSE, NSE, MCX
- Charges per transaction:Flat fee of Rs. 20 per executed order for intra-day, delivery, and F&O trades.
- Trading platforms: 5Paisa App
- Customer service:Phone, Email, and Chat
- Investment options: Equity, derivatives, currency, commodity, mutual funds, IPOs, and bonds.
- Refreshes the page faster with WebSockets
- Highly secure and safeguards your financial data.
- Instant transfer of money through RTGS, IMPS, and NEFT
- Preferred notifications without spamming and market insights with live reports
- Traders can withdraw money four times a day.
- Paytm Money
Paytm Money gives you access to a wide range of investment options to manage your money and achieve your financial goals.
Key highlights
- Account opening Fee: Rs. 0
- Platform fee for 30 days: 0
- Brokerage for 30 days: 0
- Minimal amount for investing: 100
- Annual maintenance charge:Free
- Exchange membership:BSE, NSE, MCX
- Trading Platforms: Paytm Money App
- Charges per transaction:Flat fee of Rs. 20 per executed order for intra-day, delivery, and F&O trades
- PMS Services:Available
- Customer Service: Phone, Email, Chat
- Investment Options:Equity, derivatives, mutual funds, IPOs.
- Get upto 1% higher returns by investing in direct mutual funds
- Save additional tax on investments upto ₹ 50,000 by investing in the National Pension System
- Axis Direct Demat Account
The Axis Direct Demat Account is an excellent choice for investment. With more than 2 million customers using it already, you can confidently open this demat account. This is a 3-in-1 account with integrated Demat, trading, and savings account. You will enjoy the benefits of free market analytics reports, trading guidance from research experts, and a variety of investment options, including equities, mutual funds, bonds, derivatives, ETFs, and more.
Key highlights
- Annual maintenance charges: 650 per annum, free for the first year
- Exchange membership: BSE, NSE, MCX, NCDEX
- PMS services: Available
- Charges per transaction: 20 per executed order
- Trading platforms: Axis Direct Web, Axis Direct App, and Axis Direct Trade
- Customer service:Phone, Email, and Chat
- Investment options: Currency, commodity, equity, mutual funds, IPOs, and bonds
- Kotak Securities Demat Account
The Kotak Securities Demat account is a 3-in-1 Demat account that facilitates seamless transfer of payments. All investing options are available on a single platform. Support for traders with poor internet connectivity is offered.
Key highlights
- Annual maintenance charges: 600 per annum
- Exchange membership:BSE, NSE, MCX, and NCDEX
- PMS Services:Available
- Charges per transaction: 04% + NSDL or min Rs. 20 per executed order
- Trading platforms:Kotak Stock Trader, KEAT Pro X, KEAT Pro X
- Customer service:Phone, email, chat
- Investment options: Equity, commodity, currency, mutual funds, IPOs, and bonds
- The Kotak Securities Demat account offers various price plans for their customers.
- These plans are unique as two are based on the customer’s age – One for customers below 30 and one for those above 30.
- They have a unique brokerage plan, offering zero brokerage on intraday trades.
- A loan against securities is offered to the customer through Kotak Bank, the parent company.
- Kotak Securities offers its customers the facility to invest in the US equity market. The onboarding facility is paperless and effortless. You can even buy fractional stocks.
- They also offer Private Client Group, which is their high-end offering for high net worth individuals. It comes with a personal account manager and other top-class services.
- SBICAP Securities Demat Account
The SBICAP Securities Demat Account is available on both web and mobile platforms and helps investors make informed decisions. Users can invest in multiple products (Bonds, equities, derivatives, mutual funds, IPOs, corporate FDs, and fixed income) under the same roof.
Key highlights
- Annual maintenance charge: Free
- Exchange membership: BSE, NSE, MCX, and NCDEX
- PMS Services: Not available
- Charges per transaction: 20 per executed order
- Trading platforms: SBISMART Mobile Trading app
- Customer service:Phone, email, and chat
- Investment options: Equity, currency, commodity, IPOs, mutual funds, corporate FDs and bonds
- You can buy upto 4x shares with 0% interest
- You can invest in corporate FDs for assured returns
- Enjoy exclusive tax benefit by investing in the National Pension System
- HDFC Securities Demat Account
HDFC Securities Limited provides a 3-in-1 account combining savings, trading, and Demat accounts. The Demat account eliminates paperwork hassles and thus streamlines trading. With 24/7 customer support, you can trade in Indian and foreign stocks with ease without any hassles.
Key highlights
- Annual maintenance charge: 750 per year
- Exchange membership: BSE, NSE, MCX-SX, NCDEX, MCX
- PMS Services:Available
- Charges per transaction: 25 per transaction
- Trading platforms: ProTerminal, Mobile Trading, Web Trading
- Customer Service:Phone, email, and chat
- Investment options: Stocks, bonds, mutual funds, ETFs, IPOs, NCDs, FDs, etc.
Conclusion
Before choosing the demat account to invest in, it is essential to assess your investment goals, trading preferences, and the specific features and services that align with your needs. Factors such as account opening charges, brokerage fees, AMC, research reports, trading platforms, and customer support have to be considered to make an informed decision that suits your investment requirements.