Updated – 01 Jan 2022
You might be confused about finding the best demat & trading account in India. You may find full-service brokers in your city or your bank will be offering you a demat account but they charge a hell of lot of money in brokerage.
If you know how to research and invest, then probably you go for a discount broker. They charge a nominal brokerage fee against your trades.
I have compiled a list of the 11 best demat and trading accounts in India as per your requirement. Let’s go into detail.
Best Demat Account with the Lowest Brokerage Charges in India 2022
#1. Zerodha Demat & Trading Account Review
Zerodha is among the top stock brokers in India. Zerodha is the trendsetter of discount brokerage in the country.
You don’t have to pay big brokerage charges while trading as they charge Rs. 20 per order or 0.03% (whichever is lower).
You can also invest in direct mutual funds without paying any fee to Zerodha.
Zerodha demat account charges
| Particulars | Charges |
| Account opening charges | Equity trading account – Rs. 200Commodities – Rs. 100 (optional) |
| Account Maintenance Charges (AMC) | Rs. 300/- p.a (Charged quarterly Rs. 75 per quarter) |
| Demat | Rs. 150/- per certificate |
| Remat | Rs. 150/- + Actual CDSL charges |
| Transaction (Debit) | Buy – Nil, Sell – Rs. 13.5/- |
Zerodha brokerage charges
| Segment | Brokerage |
| Equity Delivery | Zero |
| Equity Intraday Trading | Rs. 20 or 0.03% (whichever is lower) |
| Equity Options | Flat Rs. 20 per executed order |
| Equity Futures | Rs. 20 or 0.03% (whichever is lower) |
| Currency Options | Rs. 20 or 0.03% (whichever is lower) |
| Commodity F&O | Rs. 20 or 0.03% (whichever is lower) |
Zerodha margin scheme
| Segment | Margin |
| Equity Delivery | Zero |
| Intraday Equity | 3 to 12.5x |
| Index Futures | 35% of the NRML margin |
| Equity Futures | 45% of the NRML margin |
| Index Option Writing | 35% of the NRML margin |
| Stock Option Writing | 45% of the NRML margin |
| Currency Futures & Option Writing | 50% of the NRML margin |
| Commodity Futures & Option Writing | 50% of the NRML margin |
Pros
- Discounted brokerage & free delivery is beneficial for both trader and investors
- Accept UPI payments
- Detailed reports for better analysis
- Direct mutual funds investments
- Minimalist and simple trading platform
Cons
- Server hangs in rush hours
- No research based advice
- No physical offices
Check out – Best intraday trading strategies
#2. 5Paisa Demat & Trading Account Review
5paisa is another trustworthy name in top indian brokers. 5paisa is backed by IIFL.
5paisa offers a flat fee per trade not %age of the traded amount, so helps you save money on brokerage.
Apart from stock trading, you can also avail financial services like mutual funds, and health insurance.
5paisa demat account charges
| Particulars | Charges |
| Account opening charges | Free |
| Account Maintenance Charges (AMC) | Rs. 45 per month (Pay only in the month you trade) |
5paisa brokerage charges
| Optimum | Platinum | Titanium | |
| Stock Delivery | Rs. 20/order | Rs. 10/order | FREE |
| Stock Intraday | Rs. 20/order | Rs. 10/order | Rs. 10/order (Rs. 1000 Free/month) |
| Stock F&O | Rs. 20/order | Rs. 10/order | Rs. 10/order |
| Commodity F&O | Rs. 20/order | Rs. 10/order (For Equity options Rs. 2/lot) | Rs. 10/order (For Equity options Rs. 2/lot) |
| Call Trade Charges | Rs. 100/call | Free | Free |
| Monthly Charges | 0 | Rs. 499 | Rs. 999 |
5Paisa margin facility
| Segment | Margin |
| Equity Intraday | Up to 20x |
| Equity Delivery | Up to 3.5x |
| Equity Futures | 3x |
| Currency Futures | 1x |
Pros
- Flat brokerage per trade
- Delivery margin available
- Fast paperless account opening
- Easy to use mobile app
- Different products like trading, mutual funds, insurance, and loan available
Cons
- App jitters in peak time
- Trade overcall is Rs. 100/trade which is expensive
#3. Upstox Demat & Trading Account Review
If you want high margins and low brokerage then you opt for UpStox.
UpStox also offers a 3-in-1 account facility with the help of IndusInd bank. Now you can trade directly from your savings account without any hassle of funds transfer. Secondly, you can earn interest on your idle funds.
UpStox is backed by big names like Ratan Tata, and GVK Davix.
UpStox demat account charges
| Particulars | Charges |
| Account opening charges | Free |
| Account Maintenance Charges (AMC) | Rs. 300/- p.a (Charged Rs. 25 per month) |
UpStox brokerage charges
| Segment | Brokerage |
| Equity Delivery | Zero |
| Equity Intraday Trading | Rs. 20 or 0.05% (whichever is lower) |
| Equity Options | Flat Rs. 20 per executed order |
| Equity Futures | Rs. 20 or 0.05% (whichever is lower) |
| Currency Options | Flat Rs. 20 per executed order |
| Commodity Options | Flat Rs. 20 per executed order |
| Commodity Futures | Rs. 20 or 0.05% (whichever is lower) |
UpStox margin scheme
| Segment | Intraday orders | |
| Basic | Priority | |
| NSE/BSE Cash | 15x | 20x |
| Index Futures | 3x | 6x |
| Stock Futures | 3x | 3x |
| Index Option Sell | 3x | 6x |
| Stock Option Sell | 3x | 3x |
| NSE Currency | 4x | 4x |
| MCX Future | 2.5x | 3x |
| Segment | CO/OCO Orders | |
| Basic | Priority | |
| NSE/BSE Cash | 20x | 27x |
| Index Futures | 20x | 28x |
| Stock Futures | 5x | 6x |
| Index Option Sell | 3x | 4x |
| Stock Option Sell | 3x | 3x |
| NSE Currency | 4x | 5x |
| MCX Future | 3x | 4x |
| NSE Option Buy | 1.33x | 2x |
Pros
- Different plans for investors and traders
- High margin scheme with priority plan
- 3-in-1 account facility
- Amibroker users can place orders directly
Cons
- Gets sluggish during peak hours
- No IPO investment facility
Also read – Prostocks Review
Best Full Service Demat Account in India for Small investors
#4. Angel Broking Demat Account Review
Angel b Broking is one of the oldest (since 1987) stockbrokers having branches over 900 cities serving reaching over one million customers.
Angel offers a 2-in-1 account that can be opened digitally. You need to do digital KYC.
I recommend Angel Broking only if your Adhaar Card is linked with your mobile number.
Brokerage Charges
Angel Broking does not have different trading plans. You need to pay a maximum of Rs. 20 per trade across the trading segment irrespective of the trading volume.
| Trading Segment | Brokerage Charges |
| Equity Delivery | Rs. 0 |
| Equity Intraday | Rs. 20 per trade |
| Futures – Equity / Commodity / Currency | Rs. 20 per trade |
| Options – Equity / Currency | Rs. 20 per order |
Angel Broking Demat Account Charges
| Particulars | Charges |
| Statutory charges at the time of account opening | Nil |
| Advance/ Deposit | Nil |
| Account Maintenance Charges (AMC) | Normal AMC Charges – Rs. 450/- p.a Lifetime AMC (Charged upfront once) Rs. 2500/- |
| Demat | Rs. 50/- per certificate |
| Remat | Rs. 50/- + Actual CDSL charges |
| Transaction (Debit) | Rs. 20/- per ISIN |
Pros
- Digital account opening
- Rs. 0 account opening charges
- Oldest broker
Cons
- High Demat and Remat charges
Also read – Angel broking vs sharekhan
#5. Motilal Oswal Demat & Trading Account Review
You can open a 2-in-1 (demat + trading) account with Motilal Oswal. The company has 30+ years of research expertise.
Motilal Oswal has more than 1700 offices business locations across India with over 7.5 lakh registered customers.
Brokerage, Admin and AMC Charges
Motilal Oswal offers three types of plans. The brokerage details under each plan are as under;
#1. Value Pack
| Value Amount | Delivery | Intraday (on each leg) | Futures Equity & Currency (on each leg) | Futures Commodity (on each leg) | Options Equity (per lot on each leg) | Options Currency (per lot on each leg) |
| Rs. 2000 | 0.40% (min 2 paise) | 0.040% | 0.040% | 0.030% | Rs. 50 | Rs. 20 |
| Rs. 3000 | 0.35% (min 2 paise) | 0.035% | 0.035% | 0.025% | Rs. 45 | Rs. 18 |
| Rs. 5000 | 0.30% (min 2 paise) | 0.030% | 0.030% | 0.020% | Rs. 40 | Rs. 15 |
| Rs. 10,000 | 0.25% (min 2 paise) | 0.025% | 0.025% | 0.015% | Rs. 30 | Rs. 12 |
| Rs. 30,000 | 0.20% (min 2 paise) | 0.020% | 0.020% | 0.010% | Rs. 25 | Rs. 11 |
| Rs. 50,000 | 0.15% (min 2 paise) | 0.015% | 0.015% | 0.008% | Rs. 25 | Rs. 10 |
| Rs. 1,00,000 | 0.10% (min 2 paise) | 0.010% | 0.010% | 0.007% | Rs. 20 | Rs. 8 |
- Admin charges under the value pack for all the slabs is Rs. 199 from the first year itself.
- The AMC charges are NIL for the first year. From the second year onwards the charges are Rs. 299 per annum.
#2. Margin Scheme
| Margin Up to | Delivery | Intraday (on each leg) | Futures Equity (on each leg) | Options Equity (per lot) | Currency F&O (per lot) | AMC Fee p.a | Admin Fee p.a |
| Rs. 9,999 | 0.50% (min 5 paise) | 0.050% | 0.050% | Rs. 100 | Rs. 20 | Rs. 800 | Rs. 199 |
| Rs. 10,000 to 24,999 | 0.50% (min 5 paise) | 0.050% | 0.050% | Rs. 100 | Rs. 20 | Rs. 299 | Rs. 199 |
| Rs. 25,000 to 49,999 | 0.40% (min 3 paise) | 0.040% | 0.040% | Rs. 75 | Rs. 20 | Free | NIL |
| Rs. 50,000 to 99,999 | 0.03% (min 3 paise) | 0.030% | 0.030% | Rs. 70 | Rs. 20 | Free | NIL |
| Rs. 1 lakh to 2,99,999 | 0.25% (min 3 paise) | 0.025% | 0.025% | Rs. 50 | Rs. 20 | Free | NIL |
| Rs. 3 lakh to 4,99,999 | 0.02% (min 2 paise) | 0.020% | 0.020% | Rs. 40 | Rs. 20 | Free | NIL |
| Rs. 5 Lakh | 0.015% (min 1 paise) | 0.015% | 0.015% | Rs. 25 | Rs. 20 | Free | NIL |
| Margin Up to | Commodity Futures(on each leg) |
| Rs. 9,999 | 0.04% |
| Rs. 10,000 to 24,999 | 0.04% |
| Rs. 25,000 to 49,999 | 0.04% |
| Rs. 50,000 to 99,999 | 0.03% |
| Rs. 1 lakh to 2,99,999 | 0.02% |
| Rs. 3 lakh to 4,99,999 | 0.02% |
| Rs. 5 Lakh | 0.01% |
#3. AMC 999 Plan
| Trading Type | Brokerage Charges |
| Equity Delivery | 0.50% |
| Equity Intraday | 0.05% on each leg |
| Equity Futures | 0.05% on each leg |
| Equity Options | Rs. 100 per lot |
| Currency Futures and Options | Rs. 20 per lot |
| Commodity F&O | 0.030% on each leg |
Admin Charges – Rs. 199 annually
AMC Charges – Rs. 800 annually
Motilal Oswal Demat Account Charges
| Particulars | Charges |
| Statutory charges at the time of account opening | Nil |
| Advance/ Deposit | Admin charges – up to Rs. 199 for certain plans |
| Account Maintenance Charges (AMC) | Up to Rs. 800 for certain plans (details given with brokerage charges) |
| Demat | Rs.50/- per certificate + Rs. 50/- per request |
| Remat | Rs. 35/- for 100 shares or part thereof or Rs. 35/- per certificate whichever is higher. Rs.25/- per request |
| Transaction (Debit) | On Mkt – Up to Rs. 35 or 0.035%, Off Mkt – Rs. 40 or 0.040% |
Pros
- Online account opening
- 30 years of research expertise
Cons
- High d Demat charges
#6. IIFL Securities (India Infoline) Demat Account Review
IIFL Securities offers 2-in-1 (demat + trading) account with research advisory.
One can invest/ trade in equity, derivatives, commodities and currency. Other value added services are investing in IPO, mutual funds & portfolio management services.
IIFL Securities Brokerage Charges
IIFL has three equity brokerage plans;
1. Variable Brokerage Plan
Delivery (brokerage applicable on both sides)
| Monthly Volume(in Rs. Lacs) | Brokerage |
| <1 | 0.60% |
| 1-5 | 0.55% |
| 5-10 | 0.45% |
| 10-20 | 0.35% |
| 20-60 | 0.25% |
| 60-200 | 0.20% |
| >200 | 0.15% |
Intraday (brokerage applicable on both sides)
| Monthly Volume (in Rs. Lacs) | Brokerage |
| <20 | 0.05% |
| 20-100 | 0.04% |
| 100-500 | 0.03% |
| >500 | 0.02% |
Equity Futures
(brokerage applicable on both sides)
| Monthly Volume (in Rs. Lacs) | Brokerage |
| <100 | 0.05% |
| 100-500 | 0.04% |
| 500-1000 | 0.03% |
| 1000-5000 | 0.025% |
| >5000 | 0.02% |
Equity Options
(brokerage applicable on both sides)
| Monthly Premium Vol (in Rs. Lacs) | Brokerage |
| Up to Rs. 4 lacs | 2.5% (min Rs. 100 per lot) |
| 4-10 | 2.0% (min Rs. 100 per lot) |
| 10-20 | 1.75% (min Rs. 80 per lot) |
| 20-50 | 1.25% (min Rs. 60 per lot) |
| >50 | 1.0% (min Rs. 40 per lot) |
2. Flat Brokerage Plan
| Trade Segments | Brokerage |
| Intraday both side | 0.05% |
| Delivery | 0.50% |
| T and Z group shares | 0.75% |
| Futures both sides | 0.05% |
| Options (minimum) | 1% of premium or Rs. 100 per lot whichever is higher |
3. Value Added Subscription Plan
| Subscription Value | Plan Period (month) | Delivery | Intraday (each leg) | Futures (each leg) | Options (each leg) |
| Default Plan (Nil) | 12 | 0.50% | 0.05% | 0.05% | 1% of premium or Rs. 100 per lot whichever is higher |
| Rs. 1000 | 1 | 0.25% | 0.03% | 0.03% | 1% of premium or Rs. 70 per lot whichever is higher |
| Rs. 2000 | 1 | 0.15% | 0.02% | 0.02% | 0.50% of premium or Rs. 60 per lot whichever is higher |
| Rs. 5000 | 12 | 0.35% | 0.04% | 0.04% | 1% of premium or Rs. 90 per lot whichever is higher |
| Rs. 10,000 | 12 | 0.25% | 0.03% | 0.03% | 1% of premium or Rs. 70 per lot whichever is higher |
| Rs. 25,000 | 12 | 0.15% | 0.02% | 0.02% | 0.50% of premium or Rs. 60 per lot whichever is higher |
| Rs. 50,000 | 12 | 0.10% | 0.01% | 0.01% | Flat Rs. 40 per lot |
| Rs. 1,00,000 | 12 | 0.05% | 0.01% | 0.01% | Flat Rs. 20 per lot |
IIFL Securities Demat Account Charges
| Particulars | Charges |
| Statutory charges at the time of account opening | Nil |
| Advance/ Deposit | Nil |
| Account Maintenance Charges (AMC) | Rs. 400 per annum |
| Demat | Rs. 15 per certificate plus Rs. 40 towards postal charges |
| Remat | Rs. 15 per certificate or Rs. 15 for every 100 securities or part thereof whichever is higher. plus Rs. 40 towards postal charges |
| Transaction (Debit) | 0.04% of the value of transaction subject to min. Rs. 25 per instruction. |
Pros
- DP services of both NSDL and CDSL
- Other value added services like IPO, Mutual fund, and PMS
Cons
- Brokerage plan selection can be tough (too many plans)
Best 3-in-1 Demat Account in India 2022
#7. SBI Cap Securities Demat & Trading Account Review
SBICap s Securities in association with State Bank offers a seamless 3-in-1 account (demat + trading + bank) to invest in equity, derivatives and mutual funds.
You can apply for the account opening through their app.sbismart.com portal.
SBICap Securities Brokerage Charges
| Trading Segment | Brokerages |
| Delivery | 0.50% |
| Intraday (on each leg) | 0.075% |
| Equity Futures (on each leg) | 0.03% |
| Equity Options; Rs. per lot (on each leg) | Rs. 50 |
| Currency Futures (on each leg) | 0.015% |
| Currency Options; Rs. per lot (on each leg) | Rs. 20 |
SBICap Securities Demat Account Charges
| Particulars | Charges |
| Statutory charges at the time of account opening | Nil |
| Advance/ Deposit | Nil |
| Account Maintenance Charges (AMC) | 1. Rs. 750/- (Rs. 500/- for e-statement) for Individual with POA 2. Rs 750/- For individual without POA |
| Demat | Rs 5 /- per cert. + Rs. 35/- courier charges per request |
| Remat | Rs. 35/- P per R request + CDSL Charges i.e. Rs.10/- per 100 securities or part quantity. |
| Transaction (Debit) | a. Throughu POA – 0.01% of the transaction value subject to the minimum of Rs. 21/- and M maximum of Rs.300/- per ISIN debit instruction b. Through u DIS – 0.04% of the transaction value S subject to M minimum of Rs. 30/- per ISIN debit instruction (Charges of Rs.10/- per ISIN for late submission) |
Pros
- Online account opening
- Backing of State Bank
- Low Demat charges
Cons
- Rs. 30 for – Account statement through the post
#8. HDFC Securities Demat & Trading Account Review
HDFC securities provide a 3-in-1 account that integrates your demat, trading, and savings account.
You need to have an existing HDFC b Bank account or open a new savings bank account before you can apply for the demat account.
HDFC Securities Brokerage Charges
| Trading Segment | Brokerage |
| Delivery | 0.50% or min Rs.25 or ceiling of 2.5% on transaction value (Both Buy & Sell) |
| Intraday | 0.05% or min Rs.25 or ceiling of 2.5% on transaction value (Both Buy & Sell) |
| Equity Futures | 0.025% or min Rs.25 or ceiling of 2.5% of transaction value (Both Buy & Sell) |
| Equity Options | Higher of 1% of the premium amount or Rs.100 per lot (Both Buy & Sell) |
| Currency Futures | Rs. 12 each side on |
| Currency Options | Rs. 10 each side |
| Commodity Futures | 0.020% or min Rs. 20 per order. |
| Commodity Options | Rs.100 per lot |
HDFC Securities Demat Account Charges
| Particulars | Charges |
| Statutory charges at the time of account opening | Nil |
| Advance/ Deposit | Nil |
| Account Maintenance Charges (AMC) | Rs. 750 per annum |
| Demat | Rs. 5/- per certificate + Rs. 35/- per request or min. Rs.40/- + Rs 35/- courier charges per request |
| Remat | Rs 30/-per request + CDSL actual charges Currently A) Rs 10/- for every hundred securities or part thereof or B) a F flat fee of Rs 10/- per certificate whichever is higher (Min Rs. 40/- and Max Rs. 5 lacs) + Rs. 35 courier charges per request |
| Transaction (Debit) | For Equity/Equity MF On Market — 0.04% of the value of txn or Rs. 25/- whichever is higher Off Market — 0.04% of the value of txn or Rs. 40/- whichever is higher. For Debt/Debt MF On Market — 0.04% of the value of txn or Rs. 25/- whichever is higher (max. Rs. 5000) Off Market — 0.04% of the value of txn or Rs. 40/- whichever is higher (Max. Rs 5000) |
Pros
- Backing of HDFC Bank
- Low Demat charges
Cons
- Needs HDFC savings account
#9. Kotak Securities Demat & Trading Account Review
You can apply for the Kotak s Securities d Demat account online. However, you need to complete the in-person verification, then only you get the account details.
Kotak s Securities offers a 3-in-1 account. You can have an intraday trading by paying Rs 999/year.
Brokerage Charges
Kotak Securities offers two plans, namely – Dynamic Brokerage plan and Advance brokerage plan.
1. Dynamic brokerage plan
For Delivery Trades
| Slabs | Brokerage (both sides) |
| < Rs. 1 Lakh | 0.59% |
| Rs. 1 Lakh to Rs. 5 Lakh | 0.55% |
| Rs. 5 Lakh to Rs. 10 Lakh | 0.45% |
| Rs. 10 Lakh to Rs. 20 Lakh | 0.36% |
| Rs. 20 Lakh to Rs. 60 Lakh | 0.27% |
| Rs. 60 Lakh to Rs. 2 Crores | 0.23% |
| > Rs. 2 Crores | 0.18% |
Intraday Trades
| Slabs | Brokerage (both sides) |
| < Rs. 25 Lakh | 0.06% |
| >Rs. 25 Lakh | 0.05% |
Futures
| Slabs | Brokerage (both sides) |
| < Rs. 25 Lakhs | 0.06% |
| Rs. 25 Lakhs to Rs. 2 Crores | 0.05% |
| Rs. 2 Crores to Rs. 5 Crores | 0.04% |
| > Rs. 5 Crores | 0.03% |
Options – Brokerage is applicable on both sides
| Monthly Premium Volume | Intraday brokerage | Settlement Brokerage | Minimum brokerage per lot |
| Up to Rs. 4 Lakhs | 2.5% | 2.5% | Rs. 300 |
| Rs. 4 Lakhs to Rs. 11 Lakh | 2.25% | 2.5% | Rs. 240 |
| > Rs. 11 Lakhs | 1.8% | 2.3% | Rs. 180 |
Currency Derivatives
| Monthly Volume Slab | Currency Futures | Currency Options |
| Rs. 0 to Rs. 3 Crores | 0.040% or Rs. 20 whichever is higher | Rs. 20 per lot |
| Rs. 3 Crores to Rs. 8 Crores | 0.036% or Rs. 18 whichever is higher | Rs. 18 per lot |
| Rs. 8 Crores to Rs. 15 Crores | 0.030% or Rs. 15 whichever is higher | Rs. 15 per lot |
| Rs. 15 Crores to Rs. 30 Crores | 0.020% or Rs. 10 whichever is higher | Rs. 10 per lot |
| > Rs. 30 Crores | 0.015% or Rs. 7.5 whichever is higher | Rs. 7.5 per lot |
2. Advance Brokerage Plan – (Brokerage rates are applicable on both sides)
| Particulars | Plan A | Plan B | Plan C | Plan D |
| Fees | Rs. 5000 | Rs. 10,000 | Rs. 50,000 | Rs. 2,00,000 |
| Delivery | 0.39% | 0.29% | 0.19% | 0.12% |
| Intraday | 0.040% | 0.035% | 0.030% | 0.015% |
| Futures | 0.040% | 0.035% | 0.030% | 0.015% |
| Options | Rs. 225 per lot | Rs. 225 per lot | Rs. 150 per lot | Rs. 150 per lot |
| Currency Futures | 0.024% or Rs. 12 per lot whichever is higher | 0.020% or Rs. 10 per lot whichever is higher | 0.016% or Rs. 8 per lot whichever is higher | 0.016% or Rs. 8 per lot whichever is higher |
| Currency Options | Rs. 12 per lot | Rs. 10 per lot | Rs. 8 per lot | Rs. 8 per lot |
Kotak Securities Demat Account Charges
| Particulars | Charges |
| Statutory charges at the time of account opening | Nil |
| Advance/ Deposit | Nil |
| Account Maintenance Charges (AMC) | Individual (Resident) – Rs. 65 pm for up to 10 debit transactions. Rs. 50 pm for 11 to 30 debit transactions. Rs. 35 pm for more than 30 debit transactions. |
| Demat | Individual:- Rs.3/- per certificate plus Rs. 50/- per request |
| Remat | Individual:- Rs.10/- for 100 securities (shares, bonds, mutual fund units). Minimum Payable Rs. 15/- |
| Transaction (Debit) | Individual:- For Regular AccountsOn Market /Off Market – 0.04% of the value of securities or Minimum Rs. 27(Plus CDSL charges as applicable). |
Pros
- Intraday trading at Rs. 999/ yr
- Lowest Demat charges
Cons
- AMC charges based on debit transactions
#10. ICICI Direct Demat & Trading Account Review
ICICI Direct offers 3-in-1 (Demat + trading + bank) account in association with parent ICICI Bank.
Apart from share trading one has access to solid research advisory and value added services. The services include NPS, IPO investing, mutual funds, I insurance, loan products and wealth & portfolio management services.
But in order to open a demat account with ICICI Direct you need to have an account with ICICI b Bank.
Brokerage Charges
ICICI has an I i-Secure plan, prepaid brokerage plan and ICICI Direct Prime plan.
Brokerage charges for I i-Secure Plan;
A variable percentage of brokerage is charged on the basis of quarterly turnover.
| Trading Type | Brokerage Charges |
| Equity Delivery | 0.55% (including buy and sell) |
| Equity Intraday | 0.275% ( the second leg is not charged) |
| Equity Futures | 0.050% plus a flat brokerage of Rs. 50 on the second leg |
| Equity Options | Rs. 95 per lot plus a flat brokerage of Rs. 50 on the second leg |
| Currency Futures | 0.050% plus a flat brokerage of Rs. 10 on the second leg |
| Currency Options | Rs. 25 per lot plus a flat brokerage of Rs. 10 on the second leg |
The brokerage for Margin and Margin Plus under the I – i-Secure Plan is 0.050%
Brokerage charges under Prepaid Brokerage Plan;
| Prepaid value | Delivery brokerage | Intraday/ Futures | Equity Options | Currency F&O |
| Rs. 10,000 | 0.25% | 0.025% | Rs. 35 per lot | Rs. 0 |
| Rs. 25,000 | 0.22% | 0.022% | Rs. 30 per lot | Rs. 0 |
| Rs. 50,000 | 0.18% | 0.018% | Rs. 25 per lot | Rs. 0 |
| Rs. 1,00,000 | 0.15% | 0.015% | Rs. 20 per lot | Rs. 0 |
| Rs. 2,00,000 | 0.12% | 0.012% | Rs. 15 per lot | Rs. 0 |
| Rs. 3,00,000 | 0.09% | 0.009% | Rs. 10 per lot | Rs. 0 |
Brokerage charges under ICICI Direct Prime Plan;
| Prime Plan | Scheme validity | Delivery brokerage | Intraday/ Futures | Equity Options | Currency F&O |
| Rs. 900 | 365 days | 0.25% | 0.025% | Rs. 35 per lot | Rs. 0 |
| Rs. 4,500 | 365 days | 0.18% | 0.018% | Rs. 25 per lot | Rs. 0 |
| Rs. 9,500 | 365 days | 0.15% | 0.015% | Rs. 20 per lot | Rs. 0 |
ICICI Direct Demat Account Charges
| Particulars | Charges |
| Statutory charges at the time of account opening | Nil |
| Advance/ Deposit | Rs. 2500, if the client is not having ICICI Bank account |
| Account Maintenance Charges (AMC) | Rs. 700 per annum |
| Demat | Rs. 50 per demat request form and Rs. 3 for each certificate |
| Remat | Rs. 25 for every 100 securities or part thereof, subject to max. fee of Rs. 3 Lakh or a flat fee of Rs. 25 per certificate whichever is higher. |
| Transaction (Debit) | 0.04% or min. Rs. 30 for application through internet or min. Rs. 35 if submitted through call centre or min. Rs. 40 if submitted at branches, andMaximum Rs. 25,000 |
Pros
- 3-in-1 account
- DP is with ICICI Bank
Cons
- Rs. 2500 advance from non ICICI Bank account holders
- Too many brokerage plans
Best Free Demat Account in India 2022
#11. Edelweiss Broking Demat & Trading Account Review
Edelweiss b Broking offers an online fast, hassle-free and secure 2-in-1 account opening process.
Edelweiss b Broking has investment options and services like margin, leverage and loan against stocks.
The best part is that the first year AMC is free and you need to pay Rs. 500 per annum from the second year onwards.
Brokerage Charges
Edelweiss has two brokerage plans;
| Particulars | Edelweiss Lite | Edelweiss Elite |
| Equity Delivery | Rs. 10 per executed order | 0.30% |
| Equity Intraday | Rs. 10 per executed order | 0.03% |
| Equity Futures | Rs. 10 per executed order | 0.03% |
| Equity Options | Rs. 10 per executed order | Rs. 75 per lot |
| Currency Futures | Rs. 10 per executed order | 0.02% |
| Currency Options | Rs. 10 per executed order | Rs. 20 per lot |
One can switch accounts. Account switch is free when you switch from Lite to Elite. Whereas a fee of Rs. 2500 is charged when you switch from the Elite to the Lite plan.
Edelweiss Demat Account Charges
| Particulars | Charges |
| Statutory charges at the time of account opening | Nil |
| Advance/ Deposit | Nil |
| Account Maintenance Charges (AMC) | For new clients a) Star Scheme – Rs 1500 one time, No AMC. b) Regular Scheme (With POA) andc) Regular Scheme (Non-POA) – Free for 1st year. From 2nd year onwards Rs 500 pa. |
| Demat | Rs. 2 Per Certificate + Rs 30 for Postage |
| Remat | Rs 10 per 100 securities or part thereof (Subject to min Rs 10 per request)+ Rs 30 for Postage |
| Transaction (Debit) | Within Edelweiss 1. Mkt Sell – 0.02% of txn value or Rs 20/ txn whichever is higher. 2. Off-market – 0.03% of the txn value or Rs 20/ txn whichever is higher 3. Sell – Off-market outside edelweiss – 0.03% of the txn value or Rs 40/txn whichever is higher |
Pros
- Free AMC for 1st year
- Lowest demat charges
Cons
- Elite to the Lite plan switch is charged Rs. 2500
- Research reports and advisory are charged
Conclusion
Now you can make an informed decision to get the right demat & trading account as per your need. Zerodha is the top discount broker in India, if you want to go with discount broker then Zerodha is good option.
In case, you want to go with a full service broker, then I would recommend you to go with Angel broking.
