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. |
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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 |
- 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
- Server hangs in rush hours
- No research based advice
- No physical offices
#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 |
- 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
- 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. 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 |
- Different plans for investors and traders
- High margin scheme with priority plan
- 3-in-1 account facility
- Amibroker users can place orders directly
- 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 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 |
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- Digital account opening
-
- Rs. 0 account opening charges
-
- Oldest broker
- High Demat and Remat charges
#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) |
- Online account opening
- 30 years of research expertise
- High 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. 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) |
- DP services of both NSDL and CDSL
- Other value added services like IPO, Mutual fund, and PMS
- 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 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) |
- Online account opening
- Backing of State Bank
- Low Demat charges
- 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 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 |
- Backing of HDFC Bank
- Low Demat charges
- Needs HDFC savings account
#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). |
- Free Intraday trading
- Lowest Demat charges
- 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, 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 |
- 3-in-1 account
- DP is with ICICI Bank
- 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) 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 |
- Free AMC for 1st year
- Lowest demat charges
- 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
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.
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.
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.
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.
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
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.
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.
Yes, you can have multiple Demat and trading accounts with different depository participants or brokers, as per your preference and investment needs.
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.