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

Trading Account vs Demat Account
ParametersTrading AccountDemat Account
DefinitionA trading account used for buying and selling securitiesDemat account used for holding securities in electronic form
PurposeThe main purpose of trading account is to facilitate buying and selling of securities in the marketThe purpose of demat account is to holds securities in electronic (dematerialized) form
NatureActive for trading activitiesPassive account for holding securities
Type of AssetsTrading account only act the buy and sell the securities such as stocks, derivatives, commodities, currenciesDemat account hold various securities such as stocks, bonds, mutual funds, ETFs. You can check best broker for mutual fund investments.
FunctionalityTrading account is used to execute trades and provides a trading platform. Demat account is used to hold and maintain securities in electronic form. 
RoleFacilitates buying/sellingFacilitates holding securities
Transaction ModeBuys and sells securities in the marketTransfers securities between buyer and seller
SettlementA 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

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

Zerodha Demat & Trading Account

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

ParticularsCharges
Account opening chargesEquity trading account –  Rs. 200
Commodities – Rs. 100 (optional)
Account Maintenance Charges (AMC)Rs. 300/- p.a (Charged quarterly Rs. 75 per quarter)
DematRs. 150/- per certificate
RematRs. 150/- + Actual CDSL charges
Transaction (Debit)Buy – Nil, Sell – Rs. 13.5/- 

Zerodha brokerage charges 

SegmentBrokerage
Equity DeliveryZero
Equity Intraday  TradingRs. 20 or 0.03% (whichever is lower)
Equity OptionsFlat Rs. 20 per executed order 
Equity FuturesRs. 20 or 0.03% (whichever is lower)
Currency FuturesRs. 20 or 0.03% (whichever is lower)
Currency OptionsFlat Rs. 20 per executed order
Commodity FuturesRs. 20 or 0.03% (whichever is lower)
Commodity OptionsFlat Rs. 20 per executed order

Zerodha margin scheme

SegmentMargin
Equity DeliveryZero
Intraday Equity3 to 12.5x 
Index Futures35% of the NRML margin
Equity Futures45% of the NRML margin 
Index Option Writing35% of the NRML margin
Stock Option Writing45% of the NRML margin
Currency Futures & Option Writing 50% of the NRML margin 
Commodity Futures & Option Writing50% 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

#2. 5Paisa Demat & Trading Account Review

5paisa

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

ParticularsCharges
Account opening chargesFree
Account Maintenance Charges (AMC)Rs 300 yearly (charged as Rs 25 per month)

5paisa brokerage charges

Regular PlanPower InvestorUltra Trader
Monthly Subscription0Rs 599/monthRs 1199/month
Equity DeliveryRs. 20/orderRs. 10/orderFREE
Equity IntradayRs. 20/orderRs. 10/orderRs. 10/order (after 100 free traders)
Equity F&ORs. 20/orderRs. 10/orderRs. 10/order
Currency F&ORs. 20/orderRs. 10/orderRs. 10/order
Commodity F&ORs. 20/orderRs. 10/order Rs. 10/order
Call Trade ChargesRs. 100/callRs. 100/callFree

5Paisa margin facility

SegmentMargin
Equity IntradayUp to 20x
Equity DeliveryUp to 3.5x
Equity Futures3x
Currency Futures1x
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

Upstox Demat and Trading account

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

ParticularsCharges
Account opening chargesFree
Account Maintenance Charges (AMC)Free

UpStox brokerage charges 

SegmentBrokerage
Equity DeliveryRs. 20 or 2.5% whichever is lower
Equity Intraday TradingRs. 20 or 0.05% (whichever is lower)
Equity OptionsFlat Rs. 20 per executed order 
Equity FuturesRs. 20 or 0.05% (whichever is lower)
Futures – Currency/CommodityRs. 20 or 0.05% (whichever is lower)
Options – Currency/CommodityFlat Rs. 20 per executed order 

UpStox margin scheme

SegmentIntraday orders
BasicPriority
NSE/BSE Cash15x20x
Index Futures3x6x
Stock Futures3x3x
Index Option Sell3x6x
Stock Option Sell3x3x
NSE Currency4x4x
MCX Future2.5x3x
SegmentCO/OCO Orders
BasicPriority
NSE/BSE Cash20x27x
Index Futures20x28x
Stock Futures5x6x
Index Option Sell3x4x
Stock Option Sell3x3x
NSE Currency4x5x
MCX Future3x4x
NSE Option Buy1.33x2x
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 One Demat Account Review

Angel One Demat account

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 SegmentBrokerage Charges
Equity DeliveryRs. 0
Equity IntradayRs. 20 per trade
Futures – Equity / Commodity / Currency Rs. 20 per trade
Options – Equity / Currency Rs. 20 per order

Angel Broking Demat Account Charges

ParticularsCharges
Account opening chargesFree
Account Maintenance Charges (AMC)Free – For 1st year
Rs. 240 – From second year onwards
DematRs. 50/- per certificate
RematRs. 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

#5. Motilal Oswal Demat & Trading Account Review

Motilal Oswal demat account

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%.

SegmentsMotilal Oswal Brokerage Charges 
Equity Delivery 0.20%
Equity Intraday & Futures0.02% per lot
Equity OptionsFlat Rs 20 per lot
Currency FuturesRs 20 per lot
Currency OptionsRs. 20 per lot
Commodity Futures0.02% per lot
Commodity OptionsRs 20 Per Lot

Motilal Oswal Demat Account Charges

ParticularsCharges
Account Opening ChargesZero (Free)
Account Maintenance Charges (AMC)Rs 199 Yearly (Free for 1st Year)
DematRs. 50/- per certificate + Rs. 50/- per request
RematRs. 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) 
Pros
  • Online account opening
  • 30 years of research expertise
Cons
  • High Demat charges

#6. IIFL Securities (India Infoline) Demat Account Review

IIFL Securities (India Infoline) Demat Account

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. 

SegmentsBrokerage Charges Under iValue/ Investor (Online Plus) Plan 
Monthly Subscription FeeRs. 0
Equity Delivery 0.25%
Equity Intraday & Futures0.025% per lot
Equity OptionsFlat Rs 25 per lot
Currency & Commodity Trading0.025%
Currency OptionsRs. 8 per lot
Currency FuturesRs. 20 per lot
Commodity OptionsRs. 65 to Rs 125 per lot (varies for different commodities)
Call &TradeRs. 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.

SegmentsBrokerage Charges Under Premium (Dedicated RM) Plan
Monthly Subscription FeeRs. 0
Equity Delivery 0.50%
Equity Intraday & Futures0.05% per lot
Equity OptionsFlat Rs 50 per lot
Currency & Commodity Trading0.050%
Currency OptionsRs. 10 per lot
Currency FuturesRs. 25 per lot
Commodity OptionsRs. 80 to Rs 150 per lot (varies for different commodities)
Call &TradeRs. 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.

SegmentsBrokerage Charges Under Super Trader (Pro Traders) Plan
Monthly Subscription FeeRs. 999 per month
Equity Delivery 0.10%
Equity Intraday & Futures0.01% per lot
Equity OptionsFlat Rs 10 per lot
Currency & Commodity Trading0.015%
Currency OptionsRs. 5 per lot
Currency FuturesRs. 15 per lot
Commodity OptionsRs. 50 to Rs 80 per lot (varies for different commodities)
Call &TradeRs. 0

IIFL Securities Demat Account Charges

ParticularsCharges
Account Opening ChargesRs 0 (Free)
Account Maintenance Charges (AMC)Rs 250 Yearly (Free for 1st year)
DematRs. 15 per certificate plus Rs. 40 towards postal charges
RematRs. 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)
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

open demat trading account with SBI

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

SegmentsPlan 499FO 599 Pro 749 OIOP 3K OIOP 5KOIOP 10K
TenureLifetimeLifetimeLifetime1 Year1 YearLifetime
Equity Delivery0.50% 0.50%0.35%0.20%0.20%0.20%
Equity Intraday0.05%0.05%0.035%Rs. 20 /orderRs. 20 /orderRs. 20 /order
Futures0.05% 0.02%0.02%Rs. 20 /orderRs. 20 /orderRs. 20 /order
OptionsRs. 50 /lotRs. 20 /lotRs. 20 /lotRs. 20 /orderRs. 20 /orderRs. 20 /order
CurrencyRs. 20 /lotRs. 20 /lotRs. 20 /lotRs. 20 /orderRs. 20 /orderRs. 20 /order

SBICap Securities Demat Account Charges

ParticularsCharges
Account Opening FeeRs 0
Account Maintenance Charges (AMC)Free for 1st year
Rs 590 including GST (Second year onwards)
DematRs 5 /- per certificate + Rs. 35/- courier charges per request
RematRs. 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)
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

open account with HDFC securities

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 SegmentBrokerage
Delivery0.50% or min Rs. 25 or ceiling of 2.5% on transaction value (Both Buy & Sell)
Intraday0.05% or min Rs. 25 or ceiling of 2.5% on transaction value (Both Buy & Sell)
Equity Futures0.025% or min Rs. 25 or ceiling of 2.5% of transaction value (Both Buy & Sell)
Equity OptionsHigher of 1% of the premium amount or Rs. 100 per lot (Both Buy & Sell)
Currency FuturesRs. 12 each side  
Currency OptionsRs. 10 each side 
Commodity Futures0.020% or min Rs. 20 per order.
Commodity OptionsRs. 100 per lot
Call & Trade chargesFree

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

Plans19929999919992999399949995999
Equity Delivery0.32%0.27%0.22%0.18%0.15%0.15%0.10%0.10%
Equity Intraday0.032%0.027%0.022%0.018%0.015%0.015%0.010%0.010%
Options (per order)Rs 20Rs 20Rs 20Rs 20Rs 20Rs 20Rs 20Rs 20
Futures (per order)Rs 20Rs 20Rs 20Rs 20Rs 20Rs 20Rs 20Rs 20
Zero Brokerage on ETFNoNoNoNoNoYesNoYes

B. Brokerage Value Plan – Lifetime Validity

Value Plan NameValue 30Value 25Value 20Value 15
Value Plan Charges10000/-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 Validity360 days360 days360 days360 days
Equity Intraday0.030%0.025%0.020%0.015%
Equity Delivery0.30%0.25%0.20%0.15%
Options (per order)Rs 20Rs 20Rs 20Rs 20
Futures (per order)Rs 20Rs 20Rs 20Rs 20

HDFC Securities Demat Account Charges

ParticularsCharges
Account opening chargesRs. 0 (Free)
Account Maintenance Charges (AMC)Free for the first year
Rs. 750 (from 2nd Year onwards)
Additional Brokerage Plan ChargesPlan charges Rs. 199 to Rs. 5999
Lifetime validity plans up to Rs. 1,00,000/-
DematRs. 5/- per certificate + Rs. 35/- per request
RematRs 30/-per request + CDSL actual charges
Pros
  • Backing of HDFC Bank
  • Low Demat charges
Cons
  • Needs HDFC savings account

#9. Kotak Securities Demat & Trading Account Review

Kotak securities demat account

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

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

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

3. Dealer Assisted Brokerage Plan

Segment Kotak Securities Dealer Assisted Brokerage Plan
Equity Delivery0.39% of transaction value 
Equity Intraday0.039% of transaction value
Equity Futures0.39% of transaction value 
Equity OptionsRs. 39 per Lot
Currency FuturesRs. 9 per Lot
Currency OptionsRs. 5 per Lot
Commodity Futures0.39% of transaction value
Commodity OptionsRs. 39 per Lot

Kotak Securities Demat Account Charges

ParticularsCharges
Demat Account Opening ChargesFree
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)
DematRs. 150 per certificate + Rs. 50 per request courier charges
RematIndividual:- 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). 
Pros

  • Free Intraday trading
  • Lowest Demat charges

Cons
  • AMC charges based on debit transactions

#10. ICICI Direct Demat & Trading Account Review

Open ICICI Direct Account Online

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 TypeBrokerage Charges
Equity Delivery0.55% (including buy and sell)
Equity Intraday0.275% ( the second leg is not charged)
Equity Futures0.050% plus a flat brokerage of Rs. 50 on the second leg
Equity OptionsRs. 95 per lot plus a flat brokerage of Rs. 50 on the second leg
Currency F&ORs. 20 per order
Commodity F&ORs. 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 PlanDelivery BrokerageIntraday/ FuturesEquity Options (per lot)Currency F&O (Per Order)Commodity F&O (Per Order)
Rs. 2990.27%0.027%Rs. 40Rs 20Rs 20
Rs. 9990.22%0.022%Rs. 35Rs 20Rs 20
Rs. 1,9990.18%0.018%Rs. 25Rs 20Rs 20
Rs. 2,9990.15%0.015%Rs. 20Rs 20Rs 20
Rs. 3,9990.12%0.012%Rs. 15Rs 20Rs 20
Rs. 4,9990.10%0.010%Rs. 10Rs 20Rs 20

Brokerage charges for ICICI Direct Neo Plan

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

SegmentBrokerage Charges
Equity Delivery0.55%
Equity IntradayRs 20 per order
Equity FuturesRs 0 (free)
Equity OptionsRs 20 per order
Currency F&ORs 20 per order
Commodity F&ORs 20 per order

Brokerage charges under Prepaid Brokerage Plan

Prepaid ValueEquity DeliveryEquity Intraday & FuturesEquity OptionsCurrency/Commodity F&O
Rs. 2,5000.25%0.25%Rs. 35 per lotRs 20 per order
Rs. 5,0000.22%0.22%Rs. 30 per lotRs 20 per order
Rs. 12,5000.18%0.18%Rs. 25 per lotRs 20 per order
Rs. 25,0000.15%0.15%Rs. 20 per lotRs 20 per order
Rs. 50,0000.12%0.12%Rs. 15 per lotRs 20 per order
Rs. 1,00,0000.07%0.07%Rs. 7 per lotRs 20 per order

ICICI Direct Demat Account Charges

ParticularsCharges
Account opening chargesZero (Free)
Account Maintenance Charges (AMC)Rs. 700 (waived for ICICIdirect customers for the first year)
Additional Plan FeeUp to Rs 4999, depending upon the plan
DematRs. 50 per demat request form and Rs. 3 for each certificate
RematRs. 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
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 (Nuvama) Demat & Trading Account Review

Edelweiss Broking (Nuvama) Demat & Trading Account

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;

ParticularsEdelweiss (Nuvama) LiteEdelweiss (Nuvama) Elite
Equity DeliveryRs. 10 per executed order0.30%
Equity IntradayRs. 10 per executed order0.03%
Equity FuturesRs. 10 per executed order0.03%
Equity OptionsRs. 10 per executed orderRs. 75 per lot
Currency FuturesRs. 10 per executed order0.02%
Currency OptionsRs. 10 per executed orderRs. 20 per lot
Commodity F&ONot ApplicableNot 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

ParticularsCharges
Account opening chargesZero (Free)
Account Maintenance Charges (AMC)Zero – for 1st year
Rs. 500 – from second year onwards
DematRs. 2 Per Certificate + Rs 30 for Postage
RematRs 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 One.

FAQs

Can I delete my demat account?

Yes, you can delete your demat account online or offline. You need to follow the specific procedure for online account closure.

For offline close, you need to submit a written request to your Depository Participant (DP) along with the necessary documents. However, it is recommended to transfer or sell all the securities held in the demat account before closing it.

What is the maximum balance in a Demat account?

There is no maximum balance limit for a Demat account. You can hold a significant amount of securities in your Demat account without any upper cap.

The account is designed to accommodate a large portfolio of shares, bonds, mutual funds, and other securities in electronic form.

What is the minimum balance in a Demat account?

There is no minimum balance requirement for a Demat account. Unlike a bank account, a Demat account does not mandate maintaining a minimum balance.

You can hold zero or a very small quantity of securities in your Demat account without any penalty or requirement to maintain a minimum balance.

However, it’s important to note that certain depository participants or brokers may have their own AMC charges or fees that apply regardless of the account balance. It’s advisable to check with your specific depository participant or broker for any applicable charges or requirements.

What is the difference between demat and trading account?

A trading account is used to buy and sell stocks and other financial instruments in the stock market, while a demat account is used to hold the securities in electronic form.

The demat account acts as a digital locker for your shares, bonds, mutual funds, and other securities, while the trading account facilitates the buying and selling of these securities.

What documents are required to open a Demat account?

You will need to submit the following documents are required:

  • Proof of Identity (PoI): Aadhaar Card, Passport, Voter ID card, Driving license.
  • Proof of Address (PoA): Aadhaar Card, Passport, Voter ID card, Driving license. Raion card, or Utility bills (electricity, water, gas, telephone) not more than 3 months old
  • Last 6 months Bank account statement.
  • PAN Card
  • Passport-sized photographs
What is BSDA?

BSDA (Basic Services Demat Account) is a type of demat account introduced by the Securities and Exchange Board of India (SEBI) to facilitate small investors who hold a limited number of securities.

The account offers zero maintenance charges if the holding value of up to Rs. 50,000 and Rs. 25 for holding value between Rs. 50,000 to Rs. 2 lakh. to make it more affordable for small investors.

What are the charges associated with a Demat trading account?

The charges for a Demat trading account include account opening fees, annual maintenance charges (AMC), transaction charges, and other applicable fees. The specific charges may vary depending on the depository participant or broker.

Can I open multiple Demat and trading accounts?

Yes, you can have multiple Demat and trading accounts with different depository participants or brokers, as per your preference and investment needs.

Which demat account is best?

Zerodha is one of the best demat accounts in India. Zerodha is a discount brokerage firm that offers low brokerage charges and user-friendly platforms such as Kite, Coin.

You will also find that the overall Zerodha’s service and customer support is better than other discount brokers.

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