10 Best Demat Accounts in India | Start Your Investment in 2022

A detailed guide to know how to choose the free and top-rated Demat account for trading in the share market and check out the essential factors (Features, Rating, Key points) of a Demat account.
Best demat account in india

If you plan to save money, you will have to count on investing in the stock market. The first step has to be that you open a Demat and Trading Account. Read through the entire list of Demat and trading account service providers and choose the best Demat Account in India for your needs.

Demat service providers are divided into full-service brokers and cheap brokers. Full-service brokers are those who provide you with a trading platform as well as share recommendations, research reports, and other services.

Brokers who offer brokerage reductions are known as discount brokers. Zerodha, Upstox, and other such programmes are examples.

Best demat account in india

What Exactly is a Demat Account?

It is a type of account that allows you to hold shares and assets electronically. This concept was first introduced in India in 1996 as a replacement for physical share certificates.

These accounts are also be used to invest in stocks, bonds, debt, mutual funds, and government securities. Choosing the best demat account in India is essential while investing in the stock market.

Demat account aids in the conversion of physical stock certificates to electronic versions. “Dematerialisation” is a term used to describe this conversion process. Every time you buy or sell shares in a publicly-traded company, your Demat account will be credited or debited, just like your bank account.

It is no longer necessary to retain actual claims, and user trading is more accessible. During online trading, seamless surveillance and tracking of assets are encouraged. 

Top 10 Best Demat Accounts in India

After doing good research and with my own experience, I am listing here the 10 best demat and trading accounts for your investing needs.

1. Zerodha Demat Account

Zerodha

With over 30 lakh users, it is the largest and most reputable bargain broker. The main reason for its success is its superior customer service to all other discount brokers.

It has a cheaper brokerage cost of 0.03 per executed order or Rs. 20 per completed order, whichever is smaller. Compared to other full-service stockbrokers, you can save up to 90% if you trade in high volumes. The stock delivery trade is unrestricted in this location.

With Zerodha, you'll obtain trading platforms with complex charts and other technical analysis tools.

What makes it unique?
  1. India's most reputable broker
  2. On intraday trading, set a limit of Rs. 20 per trade.
  3. On the stock delivery, there is no brokerage.
  4. Excellent client service
  5. Charts and tools for technical analysis that are the best
Trading Platforms by Zerodha
  1. Zerodha Kite 3.0 is a complete trading solution for investors and traders with streaming price data, multi-market access, powerful charts, and a user-friendly interface.
  1. Kite Mobile App – It is a mobile app version of Kite 3.0 that provides a fluid trading experience, particularly for smartphone users of the younger generation (Android/iOS).
  1. Zerodha Coin is a platform that allows you to buy mutual funds directly online without paying any commissions.
Zerodha's Key Advantages – 
  1. The delivery is entirely free. On delivery, there is no brokerage fee.
  2. There is no minimum brokerage cap per transaction.
  3. The maximum brokerage charge is limited to Rs 20 regardless of transaction volume.
  4. Allow for a 4 to 15-fold margin. 
Google Rating
4.2
Total Number of App Downloads1CR+

Read: 15 Best Trading Apps in India

2. Upstox Demat and Trading account 

Upstox

Due to low brokerage fees, superior technology platforms, and significant margins, it is one of the finest discount brokers in India. It charges a flat intraday brokerage of Rs. 20 per trade, regardless of the trading volume. Compared to other full brokers, you can save a lot of money on brokerages.

It provides India's fastest and best online trading platform, the essential criterion for trading. Upstox offers free account opening for a limited time with no AMC charges.

What makes it unique?
  1. Account opening is free, and there is no annual maintenance charge.
  2. Get Rs 1000 in free brokerage credit
  3. Equity delivery costs Rs. 20 each trade.
  4. Account creation takes only a few minutes.
Benefits of Having a Trading Account
  1. Opening a free account with no AMC is a no-brainer.
  2. Exceptional trading platforms
  3. Fixed and cheap brokerage regardless of transaction volume. 
Google Rating
4.4
Total Number of App Downloads50L+

3. Paytm Money Demat Account 

Paytm Money

Paytm money (broking & investing platform) was introduced in 2019 with the lowest flat Rs—10 intraday trading charges in equity cash, equity F&O, and currency F&O.

Paytm money has 60 million users who utilise it to invest in equities, mutual funds, NPS, IPOs, and ETFs. Paytm's money fees are similar to those of discount brokers.

If you want the lowest brokering changes, you can open a Paytm Money Demat account.

Paytm Money Demat and Trading Account's USP
  1. There are no delivery charges (1 paisa per order)
  2. One of the cheapest trading brokerages, with a flat fee of Rs. 10
  3. The account opening process is simple, paperless, and entirely online. To complete KYC, you must download the Paytm Money app from the Google Playstore or the Apple Store.
Google Rating
4
Total Number of App Downloads1CR+

4. 5Paisa Demat Account 

5Paisa

The additional Ultra Trader pack charges the lowest brokerage fees of flat Rs 10 every trade. You can make a single transaction worth crores and pay only Rs 10 in brokerage. The Ultra Trader pack is available for Rs. 999 per month. It levies a fixed brokerage fee of Rs. 20 per executed order without the box.

You can trade using the 5Paisa mobile trading app. Its mobile app is the best in India in ease of use, user experience, and speed. After submitting all required documentation, the account gets opened the same day. If you're seeking the cheapest brokerage demat account, choose this one.

What distinguishes it from others?
  1. The cheapest brokerage fees are Rs 10 for each trade.
  2. On delivery, there is no commission.
  3. The quickest way to open an account
  4. It provides the most outstanding trading programme that is simple to use.
Platforms for 5Paisa Trading
  1. The web version of 5Paisa Trader Station – 5Paisa is a low-volume trading platform. The web-based platform allows users to quickly access information about their portfolios, positions, and assets.
  1. 5Paisa.EXE Trader Terminal — The trader terminal is designed for high-volume traders and offers a robust interface and quick execution. All included a real-time market price, comprehensive charts with tools, and historical stock prices.
  1. The 5Paisa App is a smartphone trading app that provides fast access to markets and an excellent user experience.
Google Rating
4.3
Total Number of App Downloads1CR+

5. IIFL

IIFL

With over 40 lakh customers, IIFL Securities Ltd (IIFL) is one of the largest full-service stockbrokers. Investors who require coaching and research assistance while making investment decisions can consider an IIFL Demat account.

You'll have to pay a percentage-based brokerage fee for trading and value investing. Variable brokerage, flat brokerage, and value-added brokerage are the three brokerage plans offered by IIFL.

What distinguishes it from others?
  1. Advice on research
  2. Market and sector reports and data
  3. Using Sensibull to Trade Options
  4. Products for Lending (Home, Personal, Gold, Against Property & Business Loan)
  5. Investment in Mutual Funds
  6. Financial & Wealth Management
Advantages of an IIFL Demat Account
  1. Account opening is free. 
  2. The first year's AMC is zero.
  3. In comparison to other full-service brokers, we charge lower brokerage fees.
  4. 500+ stock research reports, sector overviews, daily stock tips and recommendations
  5. IPOs and mutual fund investments are examples of value-added services.
Google Rating
4.3
Total Number of App Downloads50L+

6. Angle One Demat Account 

Angel One

One of India's oldest brokerage firms, with 2.15 million brokerage accounts. The customer service provided by Angel Broking is excellent. 

After establishing your identity with an Adhaar OTP, you can complete your entire application online and begin trading.

Angel Broking provided Trading Platforms.
  1. Angel Broking Trade is a web-based platform that allows you to track your portfolio and trade online. The portal gives users access to real-time market data and news. For deals, I use the Angel Broking trade platform.
  1. Angel Broking App – Personalised advisory powered by ARQ technology. This app can trade, check current market prices, and keep track of your portfolio.
  1. Angel Speed Pro is a software package that includes 30 days of intraday data and 20 years of historical data. The site consists of news flash and allows users to view various reports.
Google Rating
4
Total Number of App Downloads1CR+

7. ICICI Demat Account 

ICICI DMAT Account

We have an ICICI Direct Demat account in seventh place on the Demat Account List. This account is part of a three-in-one package. It is a stock trading company that operates online. It is a division of ICICI Security with a presence across India. It is a well-known online depository account.

It comes with an ICICI trading account and a bank account.

ICICI Bank offers a full-service 3-in-1 trading account that allows you to manage your Demat, trading, and bank accounts all from one place. Through an ICICI Demat account, you can trade shares, futures and options, currencies, mutual funds, IPOs, and life insurance securely. 

What distinguishes it from others?
  1. Because all three accounts are linked, access is simple. Making deposits and withdrawals from the trading account is simple.
  2. It is safe, and a bank account is included.
  3. You can choose from various brokerage plans with this account, which are reasonably priced.
  4. ICICI Securities offers a variety of investment alternatives that you can put your money into and retain in your Demat account.
  5. You can also get loans with this Demat. Yes, you can use the shares in your ICICI Direct Demat account as collateral to get a loan from ICICI.
Google Rating
4
Total Number of App Downloads10L+

8. Groww Demat Account

Groww

It is a new brokerage firm that offers one of India's best Demat Accounts. Groww began as a platform for investing in mutual funds. However, it has now expanded its horizons to include additional asset classes.

What distinguishes it from others?
  1. Twenty million people have put their faith in Groww and its services.
  2. You have a wide range of financial possibilities from which to pick. It allows you to invest in stocks, mutual funds, currencies, commodities, IPOs, overseas equities, and more with just one account.
  3. You won't have to pay anything to open an account. Furthermore, you will not be required to pay any annual maintenance fees.
  4. With this account, you can access a range of educational resources. 
  5. Then, you may access your portfolio and trade by utilising its mobile trading application. There is also terminal software for bulk trading.
Google Rating
4.6
Total Number of App Downloads1CR+

9. HDFC Securities Demat Account 

HDFC Securities

HDFC Securities, founded in 2000, is one of India's largest full-service stockbrokers. HDFC Securities is an HDFC Bank subsidiary. Customers can trade and invest in stocks, bonds, futures, options, buybacks, mutual funds, IPOs, currency derivatives, commodities, stock portfolios, and other financial instruments.

HDFC Securities is a member of the BSE, NSE, MCX, CDSL, NSDL, and a SEBI-registered broker.

HDFC Securities offers trading services using a variety of platforms to make consumers' investment experiences as simple as possible. Customers can also invest over the phone or in-person at a branch.

HDFC Securities offers over 30 products and serves over 1,800,000 clients in various industries. In India, the company has about 270 locations.

What distinguishes it from others?
  1. The HDFC Securities Demat Account has no account opening fees.
  2. For the first year, the annual maintenance payments are also waived.
  3. There are minimal brokerage fees.
  4. You can use various trading platforms, including the HDFC Securities Mobile App, Trading Terminal, etc. They're cutting-edge, with a plethora of technical capabilities and tools.
  5. HDFC Securities Demat allows for a faster settlement time.
  6. The liquidity is also pretty strong, which aids in smooth trade.
Google Rating
4.1
Total Number of App Downloads10L+

10. Kotak Securities Demat Account 

Kotak Securities

Kotak Securities Ltd, founded in 1994, is a full-service stockbroker in India that offers retail investors a 3-in-1 account (bank, trading, and demat account). It allows investors to invest in stocks, derivatives (stocks, commodities, and currencies), and mutual funds.

Portfolio Management Services (PMS), research, margin trade finance, depository services, and third-party goods such as insurance are also available. In addition, the company offers direct access to US markets.

Kotak Securities is a division of Kotak Mahindra Bank, one of India's largest private banks.

Kotak Securities has 153 locations and 1332 franchisees serving customers in 361 cities.

What distinguishes it from others?
  1. It's simple to open a Demat account with Kotak Securities. You have to fill out the application and upload the required documents now.
  2. When it comes to initial public offering (IPO) investing, Kotak Securities can be one of the most excellent options. This broker makes IPO information available to prospective investors early to participate.
  3. It's also an excellent option for investors wishing to make a long-term investment. It is safe, with many experiences and various items to diversify your portfolio.
  4. Clients can also get portfolio management services from Kotak Securities. It manages the entire portfolio, from analysing investor characteristics to selecting investment vehicles and monitoring their performance.
Google Rating
4.2
Total Number of App Downloads10L+

Wrap Up

Suppose you have reached till here. We are sure that this article has given you a good idea of the various brokers available for the Best Demat Account in India. However, choosing a suitable broker platform is totally up to you and is determined by your long-term, short-term, or intraday objectives.

As a general rule, you should choose a low-cost service for your needs and carefully inspect the application and technical analysis tools before selecting a broker.

Total
1
Shares
Leave a Reply

Your email address will not be published.

Related Posts