Investallign the best stock broker presents a list of top 10 demat account brokers in India. If you are looking for the best demat account then, your search ends here. Go through an exclusive list of the best Demat and Trading Accounts providers in India: Comparison and Review and choose the best trading platform that suits you. This list includes both Full Service as well as discount brokerage companies.
Top 10 Demat Account Providers in India 2020
In India they are two major depositories
- NSDL ( National Securities Depository Limited )
- CDSL ( Central Depository Services Limited )
Role of Depositories:
Who want to invest in stock market in India has to open demat account in any one of two depositories. A DP can be Stock Broker, Bank or any Financial institution. DP is just like Bank account where you can save or hold your Electronic Share Certificate. To avail facilities investor open DP account with any of Demat broker in India.
There were 273 DPs of NSDL and 654 DPs of CDSL registered with SEBI. Few lists of Demat account brokers will cover for comparison.
Now will discuss Top 10 Demat Account Brokers In India and Demat Account Brokerage Charges Comparison. So many Broker offer Free Demat account to their Client.
List of Top 10 Demat Account Companies in India
Zerodha means Zero + Rodha (Means Barrier) – Zero Barrier as its name Zerodha is lead the chart of Best stock Broker and DP in India. With base of 10 + lacs active clients Zerodha is youngest Top 10 DP Stock Broker in India. Best Demat Account Broker in India.
Zerodha DP Account Charges – Offer lowest Brokerage Charges Demat Account
- Account opening: Rs 300 for Individual and Rs 1000 for non- individual
- Advance Deposit: NIL
- Account Maintenance: Rs 300 for Individual and Rs 1000 for non- individual
- Transaction Charges On Market: Rs Rs.8+5.5 (CDSL charges)
- Transaction Charges Off Market: 0.03% or Rs.25 whichever is higher
- Pledge Creation: 20 + Rs.12 per request (CDSL charges)
- Other Charges: Physical Statement – Rs 50 ( Courier Charges ) , Modification – Rs 50
- Demat Charges: Per Certificate – 150/ + Rs.100 courier charges
- Remat Charges: Per Certificate – Rs. 150/ + Rs.100 courier charges + CDSL charges
Why Zerodha ? – Zerodha is currently 1st choice of Trader and Investor lobby. Few bullet points will cover here why Zerodha is best for all. Zerodha offer lowest Brokerage Charges for Trading and Demat Account.
- Free Delivery Investment – Zerodha offer Zero Brokerage in Delivery in NSE & BSE segment
- Coin – Direct mutual fund – with help of Zerodha Coin you can invest direct mutual fund without paying extra cost or commission. You can save upto 25 lacs in 25 yrs with it – HOW?
- Zerodha Kite – World one of best Trading Platform. Simple and powerful tools for active trader. More then 150 + indicators and chart patterns supported. Mobile Trading app available in Android as well as IOS.
- Zerodha Varsity – Varsity offer in-depth knowledge of stock market. Its free interactive blog where you can read and ask your doubt. Soon Zerodha Varsity APP for Android and IOS.
- Lowest Brokerage – YES, you read it right Zerodha offer lowest brokerage for trader. Rs 20 or 0.01% which is lower for intraday trading in Cash , F&O and Currency
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ICICI Direct
ICICI Direct its Broking arm of India’s private sector leading bank of ICICI Bank. Being Banka Broker its enjoy Brand value. With Highest Demat Account ICICI Direct is Top 10 Demat Broker in India.
ICICI Direct Demat Account Charges:
- Account opening: Rs 975 for Individual
- Advance Deposit : 2500/- for non ICICI Bank client
- Account Maintenance : Rs 700 for Regular & NIL – if Value of DP less than 50,000
- Transaction Charges On Market: Rs 0.04% Transaction Value of Each CID. Minimum Rs 30 per script.
- Transaction Charges Off Market: Rs 0.04% Transaction Value of Each CID. Minimum Rs 30 Per script.
- Pledge Creation: 02% or Rs 35 whichever is higher if ICICI Bank counter party else 0.06% or Rs 60 whichever is higher (Max – 25000 Rs.)
- Other Charges: Duplicate Statement – Rs 20 per statement (Courier Charges), DIS booklet charges – Rs 50 per booklet.
- Demat Charges : Per Certificate – Rs. 50/ + Rs.100 courier charges
- Remat Charges : Per Certificate – Rs. 25/ + Rs.100 courier charges + CDSL charges
ICICI Direct – provide 3-In-1 account but Brokerage charges of ICICIDirect is too high Compare to other Brokers in India. ICICI Direct Provide Trade Racer – Online trading platform that also not up to the mark for trader.
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HDFC Securities
One of leading name in Broking industry for their Service. Again its Banka Broker – HDFC Securities is broking part of HDFC Bank – Leading Bank in India. HDFC Securities having more than 7 lac + active DP Accounts as per UCC data by NSE.
HDFC Securities DP Account Charges
- Account opening: Rs 999Account Opening charges for one time
- Advance Deposit : Rs 7500 – for non hdfc bank client.
- Account Maintenance : Rs 750 for Regular & if DP value less than 50,000 – NIL
- Transaction Charges On Market : 04% of Transaction value or Rs 25 whichever is higher
- Transaction Charges Off Market : 0.04% of Transaction value or Rs 25 whichever is higher
- Pledge Creation : NIL
- Other Charges: Physical Statement on request – Rs 35 ( Courier Charges ) ,DIS booklet – Rs 75 per booklet.
- Demat Charges: Per Certificate – Rs. 35 per Dematerialisation request.
- Remat Charges : Per Certificate – Rs. 30 Per request + CDSL charges
Also Read: Top 10 Stock Brokers in India
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Sharekhan Limited
One of the oldest Demat Broker in India. Sharekhan is one of few broker who offer internet base trading platform in India in earlier in 2000. Sharekhan member of CDSL as well as NSDL Depositories.
Sharekhan Limited DP Account Charges
- Account opening: Rs 750 Account Opening charges its set off against in Brokerage.
- Advance Deposit: Rs 2999–for DP
- Account Maintenance : Rs 400 for Regular & if DP value less than 50,000 – NIL
- Transaction Charges On Market : 03% of Transaction value or Rs 30 whichever is higher
- Transaction Charges Off Market : 0.03% of Transaction value or Rs 30 whichever is higher
- Pledge Creation: 03% on Transactional value, Minimum Rs 100 per Transaction.
- Other Charges: Client Master Charges Rs 30 per Request.
- Demat Charges: Per Certificate -Rs 5, Rs. Minimum 50 per Dematerialisation request.
- Remat Charges : Per Certificate – Rs. 50 Per request + CDSL charges
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Axis Securities
Axis Securities is Broking venture of Axis Bank. Axis Direct is Branding name of Axis Securities. Axis Securities also top 5 Best Demat account Broker in India. Axis acquires Enam Securities and starting their broking business in 2010.
Axis Securities DP Account Charges
- Account opening: NIL
- Advance Deposit: NIL
- Account Maintenance: Rs 500 for Individual , Rs 1000 for NRI & Rs 5000 for Corporate
- Transaction Charges On Market: Rs 10 Flat Charges Per Transaction
- Transaction Charges Off Market: Rs 25 Flat Charges per Transaction
- Pledge Creation: NIL
- Other Charges: Physical Statement on request – Rs 35 ( Courier Charges ) ,DIS booklet – Rs 75 per booklet.
- Demat Charges: Per Certificate – Rs. 3
- Remat Charges: Per 100 Shares – Rs. 10 + CDSL charges
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Kotak Securities
Kotak Securities founded in 1994 with aim to provide stock broking service and distribution financial product by kotak Mahindra Bank. Kotak Securities is one of reputed name in Broking industry for their research and client service.
Kotak Securities DP Account Charges
- Account opening: Rs 750 Account Opening charges for one time Trading Cum Demat
- Advance Deposit : NIL
- Account Maintenance : Rs 600 for Regular & if DP value less than 50,000 – NIL
- Transaction Charges On Market: 04% of Transaction value or Rs 27 whichever is higher + CDSL Charges.
- Transaction Charges Off Market:04% of Transaction value or Rs 25 whichever is higher + CDSL Charges.
- Pledge Creation : 05% of value of securities Minimum Rs 30
- Other Charges : NIL
- Demat Charges: Per Certificate Rs 3 +Rs. 50 per Dematerialisation request.
- Remat Charges : Per 100 Shares – Rs. 10 Per request + CDSL charges
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Karvy Stock Broking
One of the oldest Stock Broking in India. Karvy Group has so many other businesses in financial sector. Has very strong presence in south India. Karvy has more than 2.5 lacs active client as per UCC report by NSE.
Karvy Stock Broking DP Account Charges
- Account opening: NIL
- Advance Deposit : NIL
- Account Maintenance : Rs 500 for Individual , Rs 1500 for NRI & Rs 5000 for Corporate
- Transaction Charges On Market : Rs 15 Per instruction
- Transaction Charges Off Market : Rs 30 Per Instruction up to 30000 value after Rs 10 on every 30,000 value ( Maximum Rs. 1000 )
- Pledge Creation : 05% of value of securities Minimum Rs 30
- Other Charges : NIL
- Demat Charges: Per Certificate Rs 5 +Rs. 40 Courier Charges per Dematerialisation request.
- Remat Charges: Per 100 Shares – Rs. 20 or Rs 20 Per request whichever is higher+ CDSL charges.
Also Read: Top 10 Discount Brokers in India
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5Paisa Capital / India Infoline Ltd
In 2015 India Infoline Launched Discount Broking company name 5paisa. 5paisa also listed in NSE exchange. 5Paisa offer lowest Brokerage Charges Demat Account in India. If you want to open demat account with discount broker then 5paisa is one of your pick.
5Paisa Capital DP Account Charges
- Account opening: NIL
- Advance Deposit : NIL
- Account Maintenance : Rs 400 for Individual , Rs 1000 for Non Individual
- Transaction Charges On Market : 025% on transaction value or Rs 25 whichever is higher
- Transaction Charges Off Market : 0.025% on transaction value or Rs 25 whichever is higher
- Pledge Creation : Rs 50
- Other Charges: Rs 40 Per requested Statement for courier charges.
- Demat Charges : Per Certificate Rs 15
- Remat Charges: Per 100 Shares – Rs. 15 or Rs 15 Per request whichever is higher + CDSL charges.
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Motilal Oswal Securities Ltd
In Traditional Broker Motital Oswal name top of the chart. Because of their research and Pan India presence. Motital Oswal started in 1987 and 3,16,118 active clients in 2018 ( Source : NSE ) , Best in-house research team. PMS also offered by Motilal Oswal.
Motilal Oswal DP Account Charges
- Account opening: NIL
- Advance Deposit : NIL
- Account Maintenance : Rs 899 for Individual , Rs 2500 for Non Individual
- Transaction Charges On Market : 035% on transaction value or Rs 35 whichever is higher
- Transaction Charges Off Market : 0.4% on transaction value or Rs 40 whichever is higher
- Pledge Creation: Rs 35 or 0.02% on value whichever is higher.
- Other Charges: Rs 40 per requested Statement for courier charges.
- Demat Charges : Per Certificate Rs 50 + Rs 100 per request
- Remat Charges: Per 100 Shares – Rs. 35 or Rs 35 per request whichever is higher + CDSL charges.
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Angel Broking Pvt Ltd
Angel Broking has more than 3 lacs + active clients as per UCC data by NSE. offer their client to online and offline trading facilities in Equity, F&O, Commodities and currency across BSE,NSE,NCDEX & MCX. Angel Broking also offers investment option in mutual fund & IPO to their client. Angel has many prestigious awards for their retail participants. But their brokerage is very high compare to other leading discount broker.
Angel Broking DP Account Charges
- Account opening: NIL
- Advance Deposit : NIL
- Account Maintenance : Rs 450 AMC , Rs 2500 life time AMC
- Transaction Charges On Market : Rs 20 Per Instruction
- Transaction Charges Off Market : Rs 20 Per Instruction
- Pledge Creation : Rs 25 Per instruction
- Other Charges: Rs 40 Per requested Statement for courier charges.
- Demat Charges : Per Certificate Rs 20
- Remat Charges: Per 100 Shares – Rs. 30 or Rs 30 Per request whichever is higher + CDSL charges.
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