Top 10 Best Demat Trading Account in India 2023 (Review & Comparison)

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
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.

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 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

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 2023

#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 2023

#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.

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