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Compare & Open the Best Demat Account in India

Compare charges, features, and ratings of top stock brokers. Open a free demat account in minutes and start investing in stocks, mutual funds, and IPOs.

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ZerodhaGrowwAngel OneICICI DirectUpstox+5 more

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Top Demat Accounts in India

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Showing 33 of 33 brokers

Trade free for the first 30 days| Rs 0 AMC| Flat Rs 10/order Brokerage| Get AI Indicators, OI tools & Scalper Mode & more — all in one platform. Open an instant Sahi account (FREE)

Sahi logo

Sahi

Bank Based Broker
0.0(0 reviews)
Acct OpeningRs 0 (Free)
Demat AMCFree
DeliveryZero
IntradayZero
Flat Brokerage : Just Rs 10 per executed order across segmentsFirst 30 Days : Enjoy free trades with no brokerage fees appliedVia App or Website : Download the Sahi App (Android/iOS) or visit Sahi.com and click “Open Account”+5 more

Trade smarter with Kotak Securities low-cost plans. Rs 10 per order – Intraday Rs 10 per order – Futures & Options Rs 0 Brokerage on Delivery Trades (Youth Plan*)

Kotak Securities logo

Kotak Securities

Discount Broker
0.0(0 reviews)
Acct OpeningRs 0 (Free)
Demat AMCIf More than Rs. 4 lakhs but up to Rs. 10…
DeliveryZero
IntradayZero
Trinity account offers seamless transaction between trading and demat account .Easy online and offline access to shares, bonds , mutual funds etc. you hold.Easy to convert your physical holdings into electronic form and other way.+5 more

Sharekhan is a leading full-service stock broker offering investment in Stock Markets and Mutual Funds. Sharekhan offers its services online as well as offline through branch offices.

Mirae Asset Sharekhan logo

Mirae Asset Sharekhan

Discount Broker
0.0(0 reviews)
Acct OpeningRs 0 (Free)
Demat AMCScheme A: Rs 400, Scheme B: Rs 500, Schem…
DeliveryZero
IntradayZero
Online account managementOnline transfer of securitiesAbility to manage account by visiting local branches+5 more

Monarch Networth Capital Limited is a depository participant registered with CDSL and NSDL . It offers a 2-in-1 account , combining trading and Demat accounts, for seamless fund transfers and investment management. The Demat account allows investors to trade in equities, derivatives , commodities , currencies, mutual funds , and IPOs.

Monarch Networth logo

Monarch Networth

Discount Broker
0.0(0 reviews)
Acct OpeningRs 0 (Free)
Demat AMCRs 350 p.a. (First 6 Month Free)
DeliveryZero
IntradayZero
Verify mobile number and email with OTP.Enter PAN, Date of Birth, and bank details.Take a selfie and proceed.+5 more

FREE Account Opening| Rs 0 Brokerage for 30 Days (up to Rs 1000)| Advisory & Research| Free 1st Year Demat AMC

Motilal Oswal logo

Motilal Oswal

Full Service Broker
0.0(0 reviews)
Acct OpeningRs 0 (Free)
Demat AMCRs 199 (Free for 1st Year)
DeliveryZero
IntradayZero
2-in-1 Demat and Trading AccountLifetime Free AMCLifetime Free Equity Intraday Trading+5 more

Incorporated in 2008, Nuvama Wealth is a Mumbai-based stock broker. The company offers stock, currency and commodity trading services. It also offers investment services in Mutual Funds , Gold ETFs , and Fixed Income products. Nuvama offers trading services through multiple channels including online, offline through its branch offices and call & trade desk.

Nuvama (Edelweiss) logo

Nuvama (Edelweiss)

Discount Broker
0.0(0 reviews)
Acct OpeningRs 0 (Free)
Demat AMCRs 500 per year (1st year free)
DeliveryZero
IntradayZero
SEBI Registration No.: INZ000005231Nuvama DP ID: IN-DP-CDSL-314-2009Online Account Opening process.+5 more

Paytm Money is an online discount broker offering both trading and Demat accounts to its customers as a part of its 2-in-1 account services. Paytm Money Demat account is an online account where Paytm Money customers can keep their shares, mutual funds , ETFs in electronic format.

Paytm Money logo

Paytm Money

Discount Broker
0.0(0 reviews)
Acct OpeningRs 200
Demat AMCRs 0
DeliveryFree
IntradayRs 10 per trade
Free Demat account opening.Zero maintenance charges.Digital KYC and Paperless account opening.+5 more

Rs 0 Equity Delivery Brokerage| Flat Rs 15/Order (Intraday & F&O)| Unlimited Monthly Trading at Rs 899/month (Equity & F&O), Rs 499/month (Currency)

Prostocks logo

Prostocks

Discount Broker
0.0(0 reviews)
Acct OpeningRs 0 (Free)
Demat AMCNil
DeliveryZero
IntradayZero
Zero Account opening ChargesLifetime Free AMC Demat AccountRs 0 Brokerage on Equity Delivery+5 more

SBI Demat Account is a key offering by the bank. SBI offers demat account related services through SBI Cap Securities Ltd (SBI or SBISec). Incorporated in 2006, SBI provides broking, investment and loan products. It offers these services to individual and institutional customers. It is a SEBI registered depository participant (DP) with CDSL and NSDL .

SBI Securities logo

SBI Securities

Discount Broker
0.0(0 reviews)
Acct OpeningRs 0
Demat AMCRs 500 per year
DeliveryZero
IntradayZero
NSDL: IN-DP-NSDL-369-2014CDSL: IN-DP-314-2017SBI 3-in-1 Account; an integrated platform of Savings Bank A/c, Demat A/c and Online Trading A/c).+5 more

Free Demat Account Opening with Zero AMC (Lifetime)| Start trading at Flat Rs 20 Per Order on Delivery, Intraday & F&O.

Jainam Broking logo

Jainam Broking

Discount Broker
0.0(0 reviews)
Acct OpeningRs 0 (Free)
Demat AMCRs 0
DeliveryZero
IntradayZero
Zero Account Opening Online Charges : Start investing without any upfront cost.Zero Annual Maintenance Charges (AMC) : No recurring charges on your Demat account.100% Digital Onboarding : Open your account from anywhere in just 5 minutes.+5 more

Share.Market stock broker offers a user-friendly mobile trading app and a website platform that are suitable for both experienced and new traders. With the Share.Market trading platform , you can easily open a demat and a trading account (a 2-in-1 account ) online. The mobile app offers various financial services including investing in stocks, trading options and futures , applying to IPOs and much more.

Share.Market logo

Share.Market

Discount Broker
0.0(0 reviews)
Acct OpeningRs 0 (free)
Demat AMCRs 180 (Free for 1st year)
DeliveryZero
IntradayZero
Open a free Demat and trading account.Quick and fast account opening in less than 10 minutes.No Demat Account Maintenance Charges for the 1st year.+5 more

Investor requires a Stock Broker to buy and sell shares in stock exchanges (BSE, NSE etc.). Stock Broker are registered member of stock exchange.

Stock Brokers in India (Best Broker Comparison) logo

Stock Brokers in India (Best Broker Comparison)

Discount Broker
0.0(0 reviews)
Acct OpeningNot specified
Demat AMCNot specified
DeliveryZero
IntradayZero
Understand basics of Online Stock Market Trading in India.Provide detail about Top Stock Trading Companies in India .Compare and discuss about stock broker websites, product offerings, services, fees, brokerage and reviews.+5 more

TradeSmart is a Mumbai-based broker offering discount brokerage services in stock, commodity and currency trading segments. TradeSmartFintech Securities Ltd, formerly registered as VNS Finance & Capital Services Ltd; is a traditional brokerage company incorporated in 1994 to offer brokerage services to Indian Stock, Commodity & Currency market investors and traders through franchisees and sub-brokers.

TradeSmart logo

TradeSmart

Discount Broker
0.0(0 reviews)
Acct OpeningFree
Demat AMCIndividual Account: Rs 300 per year Corpo…
DeliveryZero
IntradayZero
Online account process for faster account openingDirect credit of bonus, interest, and dividend of holding instruments in the accountFacility for conversion of physical shares to electronic formats+5 more

Upstox, an online stock trading and investment brand of RKSV Securities. RKSV Securities was incorporated in 2009 and is headquartered in Mumbai. The company is an online stock broker. It offers trading services in Equities, Derivatives , Commodities , and Currency at NSE, BSE, and MCX .

Upstox logo

Upstox

Discount Broker
0.0(0 reviews)
Acct OpeningRs 0 (Free)
Demat AMCRs 150
DeliveryZero
IntradayZero
CDLS - SEBI Registration Number: IN-DP-118-2015CDSL - RKSV Sec CDSL DP ID: 12081800Over 1 lakh customer. 15k+ Cr daily turnover.+5 more

Incorporated in 2013, Yes Securities Limited is a Mumbai based stockbroker . Yes Securities is part of YES Bank and primarily into the brokerage business. It offers stock, derivatives and currency trading services at BSE and NSE. Trading is offered online, offline in branches and through centralized call & trade desk.

Yes Securities logo

Yes Securities

Discount Broker
0.0(0 reviews)
Acct OpeningRs 999
Demat AMC1ST Year free. Afterwords 300 + SER. TAX …
DeliveryZero
IntradayZero
NSDL - IN303270No Account opening charges.Part of the 3-in-1 account+5 more

Zerodha is a discount stock broker offering trading services in Equity , Derivatives , Commodity , and Currency segments at BSE, NSE & MCX to stock market investors in India.

Zerodha logo

Zerodha

Discount Broker
0.0(0 reviews)
Acct OpeningRs 0
Demat AMCIndividuals/Non Individual (except Corpor…
DeliveryZero
IntradayZero
Easy online access to shares, bonds , F&O, mutual funds , etc.The 2-in-1 account offers seamless transactions between trading and demat accounts.Dividends are credited automatically to the linked bank account.+5 more

m.Stock, a trading platform launched by Mirae Asset Capital Markets (India) Pvt Ltd, offers a seamless and cost-effective trading experience through its Demat account services. Known for its competitive pricing, m.Stock has gained popularity due to its unique Zero Brokerage Account (across Delivery, ETF, Mutual Funds & IPO), innovative trading tools, and efficient account opening processes.

m.Stock logo

m.Stock

Discount Broker
0.0(0 reviews)
Acct OpeningFree Delivery account Cost = No fees Zero…
Demat AMCQuarterly operating charges Cost = Rs 219…
DeliveryZero
IntradayZero
Intraday , F&O, Delivery, IPO, Mutual Fund and moreNo hidden fees.ZERO Brokerage Fee on Delivery, Mutual Funds, ETF & IPO.+5 more

5paisa .com is a Mumbai-based discount stock broker offering trading, investment and advisory services to retail customers in India.

5paisa logo

5paisa

Discount Broker
0.0(0 reviews)
Acct OpeningRs 0 (Free)
Demat AMCRs 300 per year (Rs 75 charged quarterly)
DeliveryZero
IntradayZero
5paisa DP ID (CDSL) : 12082500DP Name : 5paisa Capital ltdCDSL Member Since: January 2016+5 more

Low-cost brokerage Trading at Rs 11/order across segments (Intraday, Delivery, and F&O)| No account opening charges| Multiple Products| Research & advisory services.

Indiabulls Securities logo

Indiabulls Securities

Bank Based Broker
0.0(0 reviews)
Acct OpeningFree (NIL)
Demat AMCDemat AMC charges are based on the value …
DeliveryZero
IntradayZero
Flat Brokerage Plan: Trade at Rs 11/order flat brokerage fee across segments.Download the Indiabulls Securities app from the Play store or the App store.Link for opening Indiabulls Securities trading account online via website – https://www.ibullssecurities.com/+5 more

Free A/c opening with no AMC| Trade at flat Rs 20 per trade| Rs 0 commission on Mutual Funds Open a lifetime Free account now .

INDmoney logo

INDmoney

Discount Broker
0.0(0 reviews)
Acct OpeningRs 0
Demat AMCRs 0
DeliveryZero
IntradayZero
Open a demat account for free with just your PAN, Aadhaar and eKYCComplete the onboarding process onlineSet real-time price alerts for the stocks on your watchlist+5 more

HDFC Bank is India's 2nd largest private sector bank. HDFC Securities is the subsidiary of HDFC bank offering investment and trading services in India Stock Market to retail investors. With over 20 lakh customers HDFC Securities is 2nd largest stock broker in India.

HDFC Securities logo

HDFC Securities

Discount Broker
0.0(0 reviews)
Acct OpeningNil
Demat AMCRs 750 p.a.
DeliveryRs 75 per booklet
IntradayZero
Number of Demat Account with HDFC Securities: 19 Lakhs (as of Sept 2016)Number of Depository Servicing Branches: 2400+Brokerage-free equity delivery trades.+5 more

Rs 0 Account Opening| Rs 0 Annual Maintenance Charges| Trade across segments at Rs 20/order| Free Mutual Funds Investment| Zero hidden charges.

Groww logo

Groww

Discount Broker
0.0(0 reviews)
Acct OpeningRs 0 (Free)
Demat AMCRs 0 (Free)
DeliveryZero
IntradayZero
Free account opening.Zero maintenance charges.Online and Paperless account opening.+5 more

Incorporated in 2015, Bengaluru-based Fyers Securities is an online brokerage company. The company is a member of NSE, BSE, SEBI, and MCX . It offers trading services across various asset classes including stocks, derivatives , and currencies. Fyers is popular among traders for its flat fee brokerage plan. It also offers a free trading account to its customers.

Fyers logo

Fyers

Discount Broker
0.0(0 reviews)
Acct OpeningRs 0 (Free)
Demat AMCRs 0 (Free for Lifetime)
DeliveryZero
IntradayZero
Fast 100% paperless online account opening process.Corporate benefits like dividends, bonus, interest, etc directly deposited in your demat.Manage your demat account online.+5 more

Founded in 2021 by Vikram A.V., Firstock is a discount broker in India, offering seamless online trading and investment services. It operates as an app-based investment platform focused on technology-driven solutions for capital market assets . The company is located in Bengaluru, India.

Firstock logo

Firstock

Discount Broker
0.0(0 reviews)
Acct OpeningRs 0 (Free)
Demat AMCRs 0
DeliveryZero
IntradayZero
Trade in Stocks, F&O, Sovereign Gold Bonds (SGBs), Government Securities and ETFs all from a single platform. Flat Fee Trading: Just Rs 20 per order for F&O and Intraday trades.Zero-Cost Services: No account opening, AMC, equity delivery.Refer & Earn: Users can get 10% of the brokerage generated from every referral.+5 more

Dhan allows its customers to open 2-in-1 Demat and trading accounts . Dhan Demat Account is opened through an online application. The account opening process is very easy and instant. Customers can open the account within a very short time of 10 minutes.

Dhan logo

Dhan

Discount Broker
0.0(0 reviews)
Acct OpeningRs 0 (Free)
Demat AMCRs 0
DeliveryZero
IntradayZero
Online and instant access to various asset classes like stocks, currency, and commodities.2-in-1 account opening for holding securities and trading in one account.Zero Account opening or Account maintenance charges+5 more

BlinkX offers an easy-to-use mobile trading application designed for experienced and new traders. With the BlinkX trading platform, you can open a demat and a trading account (a 2-in-1 account ) online. It provides various financial services such as investing in mutual funds , stocks, options and futures , currency , IPOs, margin financing, etc.

BlinkX logo

BlinkX

Discount Broker
0.0(0 reviews)
Acct OpeningRs 0 (Free)
Demat AMCRs 300 (Free for 1st year)
DeliveryZero
IntradayZero
Open free trading and a Demat accoun t.Quick and Fast account opening.No Demat AMC for 1st year.+5 more

A Bajaj Broking Demat and Trading Account gives you a simple way to invest and trade in equities, derivatives, mutual funds , IPOs, and bonds . The platform provides a seamless 2-in-1 account setup and is SEBI -registered, with Demat services supported through both depositories ( CDSL and NSDL ), for secure, electronic holding of securities.

Bajaj Broking logo

Bajaj Broking

Bank Based Broker
0.0(0 reviews)
Acct OpeningRs 0 (Free)
Demat AMCRs 0 (Free)
DeliveryZero
IntradayZero
100% online account openingSEBI -registered intermediaryDemat supported through both CDSL & NSDL+5 more

Rs 0 Account Opening - with Axis Direct!

AxisDirect logo

AxisDirect

Discount Broker
0.0(0 reviews)
Acct OpeningRs 0
Demat AMCRetail Account: Axis Bank Customer: Rs 75…
DeliveryZero
IntradayZero
Easy online and offline access to securities you holdEasy to convert your physical holdings into electronic formEasy online and offline transfers+5 more

Arihant Capital offers a trading and Demat account with Nil account opening charges and a fully digital onboarding journey via web and ArihantPlus app. Investors get access to equity, F&O, currency , commodity , IPOs, mutual funds , and bonds under a single platform backed by research, advisory and multiple trading tools.

Arihant Capital logo

Arihant Capital

Bank Based Broker
0.0(0 reviews)
Acct OpeningRs 0 (Free)
Demat AMCFirst year Nil; from second year onwards …
DeliveryZero
IntradayZero
Transparent and competitive pricing with consistently high service standards.An easy, safe, and convenient way to hold and manage your securities.Seamless, fully paperless trading experience.+5 more

Free account opening | Rs 20 brokerage across segments| Rs 0 Brokerage up to Rs 500 for the first 30 days| Free tips

Angel One logo

Angel One

Bank Based Broker
0.0(0 reviews)
Acct OpeningRs 0 (Free)
Demat AMCRs 240 per year (Rs 20 per month)
DeliveryZero
IntradayZero
Life Time AMC Scheme In this scheme, with a one-time upfront payment of Rs 1250, customers can get a lifetime zero AMC demat account.Investor Scheme In this scheme, the customer does pay any upfront money but Rs 300 is charged yearly as Annual Maintenance Charge (AMC).Wide network of branches for personalized customer service.+5 more

Anand Rathi allows its customers to open 2-in-1 accounts instantly and effortlessly. Anand Rathi Demat's account allows its customers to hold shares and mutual funds in electronic format.

Anand Rathi logo

Anand Rathi

Discount Broker
0.0(0 reviews)
Acct OpeningRs 0 (Free)
Demat AMCScheme I: Rs. 450 + GST 18% = 532 (Free f…
DeliveryZero
IntradayZero
Brokerage-free equity delivery trades.Brokerage-free Direct Mutual Fund.Pay Rs 20 per trade for Intraday & F&O.+5 more

Incorporated in 2006, Alice Blue Financial Services is a Bangalore-based financial enabler. Alice Blue is primarily in the brokerage business. It offers stock and commodity trading services at BSE, NSE, and MCX . Trading is offered online, offline in branches and through centralized call & trade desk.

Alice Blue logo

Alice Blue

Bank Based Broker
0.0(0 reviews)
Acct OpeningRs 0
Demat AMCRs 400 per year
DeliveryZero
IntradayZero
CDLS - SEBI Registration Number: IN-DP-364-2018CDSL - AliceBlue CDSL DP ID: 12085300Zero Account opening charges.+5 more

Incorporated in 1994, Aditya Birla Money Financial Services is a Chennai based company engaged in stock broking, Mutual Funds , PMS and depository services. Aditya Birla Money is a part of the Aditya Birla group and primarily into the broking business. It offers stock and currency trading services at BSE and NSE. The commodity trading services are offered by its subsidiary company Aditya Birla Commodities Broking Limited.

Aditya Birla Money logo

Aditya Birla Money

Discount Broker
0.0(0 reviews)
Acct OpeningRs 750
Demat AMCNormal Scheme: Rs 450 p.a. for Individual…
DeliveryZero
IntradayZero
NSDL: IN-DP-17-2015CDSL - CDSL DP ID: 37600One account to hold multiple securities like Stocks, Mutual Funds, IPOs and Bonds etc.+5 more

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Everything You Need to Know About Demat Accounts

Understand how demat accounts work, their benefits, and what to look for before opening one.

A Demat (Dematerialized) Account is an electronic account that holds your shares, bonds, mutual funds, Exchange-Traded Funds (ETFs), and other securities in a digital format. Just as a bank account holds your money, a demat account holds your investments electronically, replacing the need for physical share certificates.

In India, demat accounts are managed by two central depositories: NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Limited). Every investor who wants to buy or sell shares on Indian stock exchanges (BSE or NSE) must have a demat account linked with a trading account.

Opening a demat account is mandatory for trading in the Indian stock market. Most brokers now offer free account opening with minimal documentation and online KYC verification using Aadhaar.

A demat account works in conjunction with a trading account and a bank account. Here is the typical flow:

  1. Buying shares: You place a buy order through your trading account. The money is debited from your linked bank account, and the shares are credited to your demat account within T+1 (one business day) settlement.
  2. Selling shares: You place a sell order through your trading account. The shares are debited from your demat account, and the sale proceeds are credited to your bank account.
  3. Holding securities: All your investments — stocks, bonds, mutual fund units, ETFs — are stored electronically in your demat account with full transparency.

Many brokers offer a 3-in-1 account that combines your bank account, trading account, and demat account for seamless transactions.

Before 1996, all share trading in India was done through physical certificates — paper documents that proved ownership of shares. This system was plagued with issues: fake certificates, transfer delays, theft, and damage.

In 1996, SEBI (Securities and Exchange Board of India) introduced the depository system and mandated dematerialization of shares. NSDL was established in 1996, followed by CDSL in 1999.

By 2002, SEBI mandated that all listed company shares must be traded in demat form only. This transformation eliminated most frauds, reduced settlement time from weeks to days (now T+1), and made the Indian stock market one of the most efficient globally.

Today, India has over 12 crore (120+ million) demat accounts, reflecting the massive growth in retail investor participation.

  • Elimination of paperwork: No need for physical share certificates. Everything is digital, safe, and accessible online.
  • Instant transfers: Securities can be transferred between demat accounts instantly, unlike physical certificates that took weeks.
  • Reduced risk: No risk of loss, theft, damage, or forgery of share certificates.
  • Lower costs: No stamp duty on transfer of securities held in demat form. Most brokers offer free account opening.
  • Corporate benefits: Dividends, bonuses, stock splits, and rights issues are automatically credited to your demat account.
  • Loan collateral: Shares held in demat accounts can be pledged as collateral for margin trading or personal loans.
  • Single-point access: View all your investments — stocks, bonds, mutual funds, ETFs — in one place.

A demat account is essential for anyone who wants to:

  • Trade stocks on BSE, NSE, or other Indian stock exchanges.
  • Invest in mutual funds directly through stock brokers (many brokers offer direct mutual fund purchases).
  • Apply for IPOs (Initial Public Offerings) — a demat account is mandatory for IPO allotment.
  • Hold government securities, bonds, and ETFs electronically.
  • Build long-term wealth through systematic investment in equities.

Whether you are a beginner investor, a seasoned trader, or someone looking to diversify beyond fixed deposits and savings accounts, a demat account is your gateway to the Indian capital market.

Before choosing a broker and opening your demat account, consider these important factors:

  • Brokerage charges: Compare account opening fees, annual maintenance charges (AMC), delivery brokerage, and intraday charges across brokers.
  • Trading platform: Evaluate the broker's trading app and web platform for ease of use, speed, charts, and research tools.
  • Customer support: Check reviews about the broker's customer service quality and response time.
  • Research and tools: Full-service brokers often provide research reports, stock recommendations, and analysis tools.
  • 3-in-1 account: If you want a seamless experience, choose a broker that offers linked bank + trading + demat accounts.
  • Regulatory compliance: Ensure the broker is registered with SEBI and is a member of BSE/NSE.
  • Hidden charges: Be aware of charges like call-and-trade fees, DP charges, pledge/unpledge fees, and account closure charges.
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