Top 10 Best Demat Trading Account in India 2023

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 first discuss the quick comparison between trading and demat account.

Trading Account vs Demat Account

Parameters	Trading Account	Demat Account
Definition	A trading account used for buying and selling securities	Demat account used for holding securities in electronic form
Purpose	The main purpose of trading account is to facilitate buying and selling of securities in the market	The purpose of demat account is to holds securities in electronic (dematerialized) form
Nature	Active for trading activities	Passive account for holding securities
Type of Assets	Trading account only act the buy and sell the securities such as stocks, derivatives, commodities, currencies	Demat account hold various securities such as stocks, bonds, mutual funds, ETFs. You can check best broker for mutual fund investments.
Functionality	Trading account is used to execute trades and provides a trading platform.	Demat account is used to hold and maintain securities in electronic form.
Role	Facilitates buying/selling	Facilitates holding securities
Transaction Mode	Buys and sells securities in the market	Transfers securities between buyer and seller
Settlement	A trading account takes time in the settlement because it is done over a while.	A Demat account reduces the risk of a delayed settlement because it is done in a short period of time.

You would like to read – how to invest 15 lakhs to generate monthly income in India

Benefits of Demat Account

#1. Secure and Convenient: Demat accounts provide a secure and convenient way to hold your securities in an electronic format. This eliminates the risks associated with physical certificates, such as loss, theft, and damage.

#2. Easy Access to Investments: With a demat account, you have instant access to your investment portfolio. You can monitor your holdings, check transaction history, and view updated market values at any time through online platforms or trading mobile apps.

#3. Faster Settlement: Demat accounts facilitate faster settlement of trades. The transfer of securities is done electronically, leading to quicker and more efficient transactions compared to physical share transfers.

#4. Reduced Paperwork: Holding securities in electronic form eliminates the need for extensive paperwork, such as filling out transfer forms, submitting physical documents, and getting signatures. This streamlines the process and reduces administrative hassles.

#5. Nomination Facility: Demat accounts provide a nomination facility, allowing you to nominate a person who will receive the securities in the event of your demise. This helps in the smooth transfer of assets and avoids legal complications.

#6. Loan against Securities: Demat accounts provide the option to avail loans against your securities. You can pledge your holdings as collateral and borrow funds for various financial needs, leveraging the value of your investments.

#7. Risk Diversification: A demat account enables you to diversify your investment portfolio across different asset classes, such as equities, bonds, mutual funds, and exchange-traded funds (ETFs). This helps spread the risk and potentially enhances returns.

#8. Easy Portfolio Tracking: With a demat account, you can easily track and manage your investment portfolio. Regular updates on holdings, transactions, and market values allow you to make informed decisions and monitor the performance of your investments.

#9. Cost Savings: Demat accounts can lead to cost savings compared to physical shareholding. There is no risk of paper-related expenses, such as stamp duty, handling charges, and storage costs. Additionally, online trading platforms often offer competitive brokerage rates, reducing transaction costs.

Best Demat Account with the Lowest Brokerage Charges in India 2023

#1. Zerodha Demat & Trading Account Review

According to our research report on top 20 stockbroker in India, Zerodha is among the top stock brokers in India with 64+ active client base. Zerodha is the trendsetter of discount brokerage in the country.

You don’t have to pay big brokerage charges while trading as Zerodha charge Rs. 20 per order or 0.03% (whichever is lower) and zero for equity delivery. 

You can also invest in direct mutual funds without paying any fee to Zerodha. You can also check the detailed review of Zerodha to open the new demat trading account in India.

Zerodha demat account charges

Particulars	Charges
Account opening charges	Equity trading account –  Rs. 200 Commodities – 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 Futures	Rs. 20 or 0.03% (whichever is lower)
Currency Options	Flat Rs. 20 per executed order
Commodity Futures	Rs. 20 or 0.03% (whichever is lower)
Commodity Options	Flat Rs. 20 per executed order

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

#2. 5Paisa Demat & Trading Account Review

5paisa is another trustworthy name in top indian stock brokers. 5paisa is backed by IIFL. 

5paisa offers a flat fee per trade not percentage 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 300 yearly (charged as Rs 25 per month)

5paisa brokerage charges

	Regular Plan	Power Investor	Ultra Trader
Monthly Subscription	0	Rs 599/month	Rs 1199/month
Equity Delivery	Rs. 20/order	Rs. 10/order	FREE
Equity Intraday	Rs. 20/order	Rs. 10/order	Rs. 10/order (after 100 free traders)
Equity F&O	Rs. 20/order	Rs. 10/order	Rs. 10/order
Currency F&O	Rs. 20/order	Rs. 10/order	Rs. 10/order
Commodity F&O	Rs. 20/order	Rs. 10/order	Rs. 10/order
Call Trade Charges	Rs. 100/call	Rs. 100/call	Free

5Paisa margin facility

Segment	Margin
Equity Intraday	Up to 20x
Equity Delivery	Up to 3.5x
Equity Futures	3x
Currency Futures	1x

#3. Upstox Demat & Trading Account Review

If you want high margins and low brokerage then you opt for Upstox. You can also use the Uptox coupon code for free demat and trading account opening fee with zero AMC charges.

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.

You can go through our comparison of the Zerodha vs Upstox to know the brokerage charges of both stock brokers.

Upstox demat account charges

Particulars	Charges
Account opening charges	Free
Account Maintenance Charges (AMC)	Free

UpStox brokerage charges 

Segment	Brokerage
Equity Delivery	Rs. 20 or 2.5% whichever is lower
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)
Futures – Currency/Commodity	Rs. 20 or 0.05% (whichever is lower)
Options – Currency/Commodity	Flat Rs. 20 per executed order

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

Also read – Prostocks Review

Best Full Service Demat Account in India for Small investors 

#4. Angel One Demat Account Review

Angel One 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 One only if your Adhaar Card is linked with your mobile number. 

Brokerage Charges

Angel One 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. Go through our comparison of Angel One vs Zerodha to know about the which one is better stock broker.

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
Account opening charges	Free
Account Maintenance Charges (AMC)	Free – For 1st year Rs. 240 – From second year onwards
Demat	Rs. 50/- per certificate
Remat	Rs. 50/- + Actual CDSL charges
Transaction (Debit)	Rs. 20/- per ISIN

#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 8.5 lakh registered customers.

Brokerage, Admin and AMC Charges

Motilal Oswal brokerage charges are structured based on fixed percentages. You need to pay the brokerage charges for intraday trading is 0.02% per lot and for equity delivery is 0.20%.

Segments	Motilal Oswal Brokerage Charges
Equity Delivery	0.20%
Equity Intraday & Futures	0.02% per lot
Equity Options	Flat Rs 20 per lot
Currency Futures	Rs 20 per lot
Currency Options	Rs. 20 per lot
Commodity Futures	0.02% per lot
Commodity Options	Rs 20 Per Lot

Motilal Oswal Demat Account Charges

Particulars	Charges
Account Opening Charges	Zero (Free)
Account Maintenance Charges (AMC)	Rs 199 Yearly (Free for 1st Year)
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)	Rs 30 or 0.025% (whichever is higher)

#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. IIFL iValue Brokerage Plan/ Investor (Online Plus) Brokerage Plan

IIFL Investor (Online Plus) Brokerage Plan is a basic percentage-based brokerage plan without any monthly fixed subscription fees. This plan is suitable for online investors along with the competitive rates for investing in the stock market. 

Segments	Brokerage Charges Under iValue/ Investor (Online Plus) Plan
Monthly Subscription Fee	Rs. 0
Equity Delivery	0.25%
Equity Intraday & Futures	0.025% per lot
Equity Options	Flat Rs 25 per lot
Currency & Commodity Trading	0.025%
Currency Options	Rs. 8 per lot
Currency Futures	Rs. 20 per lot
Commodity Options	Rs. 65 to Rs 125 per lot (varies for different commodities)
Call &Trade	Rs. 0

#2. IIFL Premium Plan (Dedicated RM) Brokerage Plan

With IIFL Premium plan, you can enjoy the guidance of a dedicated relationship manager (RM) who will provide personalized investment advice and support based on your financial goals and risk appetite.

However, IIFL charges you a high percentage based brokerage for the advisory services.

Segments	Brokerage Charges Under Premium (Dedicated RM) Plan
Monthly Subscription Fee	Rs. 0
Equity Delivery	0.50%
Equity Intraday & Futures	0.05% per lot
Equity Options	Flat Rs 50 per lot
Currency & Commodity Trading	0.050%
Currency Options	Rs. 10 per lot
Currency Futures	Rs. 25 per lot
Commodity Options	Rs. 80 to Rs 150 per lot (varies for different commodities)
Call &Trade	Rs. 0

#3. IIFL Super Trader (Pro Traders) Brokerage Plan

IIFL Super Trader plan is specially designed for the professional traders who require advanced tools, research, and dedicated RM support to excel in the stock market. However, you need to pay the fixed monthly subscription fee of Rs. 999.

Segments	Brokerage Charges Under Super Trader (Pro Traders) Plan
Monthly Subscription Fee	Rs. 999 per month
Equity Delivery	0.10%
Equity Intraday & Futures	0.01% per lot
Equity Options	Flat Rs 10 per lot
Currency & Commodity Trading	0.015%
Currency Options	Rs. 5 per lot
Currency Futures	Rs. 15 per lot
Commodity Options	Rs. 50 to Rs 80 per lot (varies for different commodities)
Call &Trade	Rs. 0

IIFL Securities Demat Account Charges

Particulars	Charges
Account Opening Charges	Rs 0 (Free)
Account Maintenance Charges (AMC)	Rs 250 Yearly (Free for 1st year)
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)	Rs. 25 – Investor Plan (Online Plus) Rs. 50 – Premium Plan (Dedicated RM) Rs. 10 – Super Trader Plan (Pro Traders)

Best 3-in-1 Demat Account in India 2023

#7. SBI Cap Securities Demat & Trading Account Review

SBICap 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 SBICap Securities account opening process through their app.sbismart.com portal.

SBICap Securities Brokerage Charges

Segments	Plan 499	FO 599	Pro 749	OIOP 3K	OIOP 5K	OIOP 10K
Tenure	Lifetime	Lifetime	Lifetime	1 Year	1 Year	Lifetime
Equity Delivery	0.50%	0.50%	0.35%	0.20%	0.20%	0.20%
Equity Intraday	0.05%	0.05%	0.035%	Rs. 20 /order	Rs. 20 /order	Rs. 20 /order
Futures	0.05%	0.02%	0.02%	Rs. 20 /order	Rs. 20 /order	Rs. 20 /order
Options	Rs. 50 /lot	Rs. 20 /lot	Rs. 20 /lot	Rs. 20 /order	Rs. 20 /order	Rs. 20 /order
Currency	Rs. 20 /lot	Rs. 20 /lot	Rs. 20 /lot	Rs. 20 /order	Rs. 20 /order	Rs. 20 /order

SBICap Securities Demat Account Charges

Particulars	Charges
Account Opening Fee	Rs 0
Account Maintenance Charges (AMC)	Free for 1st year Rs 590 including GST (Second year onwards)
Demat	Rs 5 /- per certificate + Rs. 35/- courier charges per request
Remat	Rs. 35/- per request + CDSL Charges i.e. Rs. 10/- per 100 securities or part quantity.
Transaction (Debit)	a. Through POA – 0.01% of the transaction value subject to the minimum of Rs. 21/- and maximum of Rs.300/- per ISIN debit instruction b. Through DIS – 0.04% of the transaction value subject to minimum of Rs. 30/- per ISIN debit instruction (Charges of Rs.10/- per ISIN for late submission)

#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 Bank account or open a new savings bank account before you can apply for the demat account. You can also check the detailed process of opening demat account with HDFC Securities.

HDFC Securities Brokerage Charges

HDFC Securities offers two brokerage plans with different brokerage charges to its customers.

• HDFC Securities Standard Brokerage Plan
• HDFC Securities Value Plans

1. HDFC Securities Standard Brokerage Plan 

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
Currency Options	Rs. 10 each side
Commodity Futures	0.020% or min Rs. 20 per order.
Commodity Options	Rs. 100 per lot
Call & Trade charges	Free

2. HDFC Securities Value Plans

Value plans are only applicable to resident customers not available for NRIs.

HDFC Securities Value plans are of two types –

• One is valid for a period of 360 days and auto-renewed at the end of the tenure.
• The second value plan comes with lifetime validity for the same brokerage charges.

A. Value Plan with a validity of 360 days

Plans	199	299	999	1999	2999	3999	4999	5999
Equity Delivery	0.32%	0.27%	0.22%	0.18%	0.15%	0.15%	0.10%	0.10%
Equity Intraday	0.032%	0.027%	0.022%	0.018%	0.015%	0.015%	0.010%	0.010%
Options (per order)	Rs 20	Rs 20	Rs 20	Rs 20	Rs 20	Rs 20	Rs 20	Rs 20
Futures (per order)	Rs 20	Rs 20	Rs 20	Rs 20	Rs 20	Rs 20	Rs 20	Rs 20
Zero Brokerage on ETF	No	No	No	No	No	Yes	No	Yes

B. Brokerage Value Plan – Lifetime Validity

Value Plan Name	Value 30	Value 25	Value 20	Value 15
Value Plan Charges	10000/-	25000/-	50000/-	1,00,000/-
Free Equity Delivery Volume	40,00,000/-	150,00,000/-	4,00,00,000/-	12,00,00,000/-
Free Equity Delivery Volume Validity	360 days	360 days	360 days	360 days
Equity Intraday	0.030%	0.025%	0.020%	0.015%
Equity Delivery	0.30%	0.25%	0.20%	0.15%
Options (per order)	Rs 20	Rs 20	Rs 20	Rs 20
Futures (per order)	Rs 20	Rs 20	Rs 20	Rs 20

HDFC Securities Demat Account Charges

Particulars	Charges
Account opening charges	Rs. 0 (Free)
Account Maintenance Charges (AMC)	Free for the first year Rs. 750 (from 2nd Year onwards)
Additional Brokerage Plan Charges	Plan charges Rs. 199 to Rs. 5999 Lifetime validity plans up to Rs. 1,00,000/-
Demat	Rs. 5/- per certificate + Rs. 35/- per request
Remat	Rs 30/-per request + CDSL actual charges

#9. Kotak Securities Demat & Trading Account Review

You can apply for the Kotak Securities Demat account online. However, you need to complete the in-person verification, then only you get the account details. 

Kotak Securities offers a 3-in-1 account. You can get an zero brokerage charges for intraday trading under trade free plan.

Brokerage Charges 

Kotak Securities offers three plans with different brokerage rates.

• Trade Free Brokerage Plan
• Trade Free Youth Plan
• Dealer Assisted Brokerage Plan

1. Trade Free Brokerage Plan

Segment	Brokerage Charges Under Trade Free Plan
Equity Delivery	Rs. 20 per executed order or 0.25% of transaction value whichever is higher with a ceiling of 2.5%
Equity Intraday	Rs 0 (free)
Equity F&O	Delivery – Rs. 20 per executed order Intraday – Free
Currency F&O	Delivery – Rs. 20 per executed order Intraday – Free
Commodity F&O	Delivery – Rs. 20 per executed order Intraday – Free

2. Trade Free Youth Plan

For Youngsters, Kotak Securities offers a trade free youth brokerage plan for those who are below 30 years of age. Under this plan, Kotak securities does not charge any brokerage fees for all trades.  

Segment	Brokerage Charges Under Trade Free Youth Plan
Equity, Currency, Commodity, Delivery, Intraday, F&O	Rs. 0 Brokerage for all trades

3. Dealer Assisted Brokerage Plan

Segment	Kotak Securities Dealer Assisted Brokerage Plan
Equity Delivery	0.39% of transaction value
Equity Intraday	0.039% of transaction value
Equity Futures	0.39% of transaction value
Equity Options	Rs. 39 per Lot
Currency Futures	Rs. 9 per Lot
Currency Options	Rs. 5 per Lot
Commodity Futures	0.39% of transaction value
Commodity Options	Rs. 39 per Lot

Kotak Securities Demat Account Charges

Particulars	Charges
Demat Account Opening Charges	Free
Trading Account Opening Charges (One Time)	Rs. 299 – Trade Free Youth Rs. 99 – Trade Free Plan Rs. 499 – Dealer assisted plan
Account Maintenance Charges (AMC)	For BSDA ClientsHolding <50K = No AMCHolding >50K & <2 lakh = Rs. 100 AMC For Non-BSDA ClientsHolding <10K = No AMCHolding >10K = Rs. 50 per month (Rs. 600 yearly)
Demat	Rs. 150 per certificate + Rs. 50 per request courier charges
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. 20 (Plus CDSL charges as applicable).

#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, insurance, loan products and wealth & portfolio management services. You can also check the report on upcoming IPOs 2023-24.

But in order to open a demat account with ICICI Direct you need to have an account with ICICI Bank. You can also check the ICICI Direct demat account charges.

Brokerage Charges 

ICICI Direct offers four plans with different brokerage rates.

• i-Secure Plan
• ICICI Direct Prime Plan
• ICICI Direct Neo Plan
• Prepaid Brokerage Plan

Brokerage charges for 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 F&O	Rs. 20 per order
Commodity F&O	Rs. 20 per order

The brokerage for Margin and Margin Plus under the i-Secure Plan is 0.050%

Brokerage charges for ICICI Direct Prime plan

Prime Plan	Delivery Brokerage	Intraday/ Futures	Equity Options (per lot)	Currency F&O (Per Order)	Commodity F&O (Per Order)
Rs. 299	0.27%	0.027%	Rs. 40	Rs 20	Rs 20
Rs. 999	0.22%	0.022%	Rs. 35	Rs 20	Rs 20
Rs. 1,999	0.18%	0.018%	Rs. 25	Rs 20	Rs 20
Rs. 2,999	0.15%	0.015%	Rs. 20	Rs 20	Rs 20
Rs. 3,999	0.12%	0.012%	Rs. 15	Rs 20	Rs 20
Rs. 4,999	0.10%	0.010%	Rs. 10	Rs 20	Rs 20

Brokerage charges for ICICI Direct Neo Plan

Under the Neo plan, you need to pay the one time subscription fee of Rs. 299. 

Segment	Brokerage Charges
Equity Delivery	0.55%
Equity Intraday	Rs 20 per order
Equity Futures	Rs 0 (free)
Equity Options	Rs 20 per order
Currency F&O	Rs 20 per order
Commodity F&O	Rs 20 per order

Brokerage charges under Prepaid Brokerage Plan

Prepaid Value	Equity Delivery	Equity Intraday & Futures	Equity Options	Currency/Commodity F&O
Rs. 2,500	0.25%	0.25%	Rs. 35 per lot	Rs 20 per order
Rs. 5,000	0.22%	0.22%	Rs. 30 per lot	Rs 20 per order
Rs. 12,500	0.18%	0.18%	Rs. 25 per lot	Rs 20 per order
Rs. 25,000	0.15%	0.15%	Rs. 20 per lot	Rs 20 per order
Rs. 50,000	0.12%	0.12%	Rs. 15 per lot	Rs 20 per order
Rs. 1,00,000	0.07%	0.07%	Rs. 7 per lot	Rs 20 per order

ICICI Direct Demat Account Charges

Particulars	Charges
Account opening charges	Zero (Free)
Account Maintenance Charges (AMC)	Rs. 700 (waived for ICICIdirect customers for the first year)
Additional Plan Fee	Up to Rs 4999, depending upon the plan
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, and Maximum Rs. 25,000

Best Free Demat Account in India 2023

#11. Edelweiss Broking (Nuvama) Demat & Trading Account Review

Edelweiss Broking (Nuvama) offers an online fast, hassle-free and secure 2-in-1 account opening process. 

Edelweiss 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. You can also check the list of free demat account openings with zero AMC charges.

Brokerage Charges 

Edelweiss has two brokerage plans;

Particulars	Edelweiss (Nuvama) Lite	Edelweiss (Nuvama) 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
Commodity F&O	Not Applicable	Not Applicable

You 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
Account opening charges	Zero (Free)
Account Maintenance Charges (AMC)	Zero – for 1st year Rs. 500 – from second year onwards
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

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 One.

FAQs