Top 5 Best Demat Account in India

Review of Best Demat Account in IndiaWant to open a demat account to start investing in stock market in India? If you regularly trade in the stock market, it is very important for you to pick the best demat account in India to make sure that the brokerage charges do not eat away the profits. But apart from the brokerage charges itself, there are several other factors, like trading platform, deposit and withdrawal, mobile app, additional features, etc. that should be taken into consideration when selecting a demat account.

Tips To Choose a Demat Account in India

In India when you plan to invest in stock market, there are various options to open a demat account in India. You can also open a demat account in bank and also with dedicated stock broker companies. Both have their own benefits, but here I tried to list out few of the common things you should consider before opening a demat account in India.

  • If you open a demat account in bank, you will will get the 3 in one benefit. That means you can open a savings account, demat account and stock trading account with one bank and also this is easy to manage things with the help of single access or user ids.
  • You may not get special stock recommendations or suggestions if you go with the banks. Where the stock brokers companies are very popular in this area. They provide free stock advice, stock tips and help beginners to start share trading.
  • There are few brokerage firms like Zerodha who are very popular for their lowest charge demat & trading accounts in India. You may not find such low cost for banks.
  • There is a maintenance charge or you can say annual charge one need to pay for keeping the demat account active. Make sure you are comparing and going with the cheapest priced one.

Documents Required To Open Demat Account in India

You have to provide the below documents while applying for demat account in India.

  • PAN card copy.
  • Address proof.
  • Identity proof.
  • KYC Documents.
  • Passport size photographs

List of 5 Best Demat Account | Trading Account | Stock Brokers in India 2017

To help you select, we have considered all the important factors to create a list of 5 best demat accounts in India.


Zerodha belongs to the new breed of discount stock brokers in India. It is the best brokerage firm for small investors and traders as there is no minimum brokerage charge per trade. You need to pay a flat brokerage of Rs. 20 or 0.01% of the transaction amount, whichever is lower, for every order irrespective of the volume of transaction. As their revenue majorly comes from the derivatives market, they do not charge any brokerage on delivery.

Want to open demat account in Zerodha? Visit their official website :

SBICap Securities

If you are looking for a reliable stockbroker, SBICap Securities can surely be an excellent option. It is from the oldest and largest public sector bank in the country and several investors and traders prefer it over demat accounts from private sector banks or brokerage firms. While the services offered by SBICap Securities are at par with other popular brokerage firms and banks, their brokerage charges are on the higher side unless you are trading in options. Moreover, SBICap Securities also charges a one-time fee of Rs. 850 for opening the demat and trading account.

Want to open demat account in sbi securities? Visit their official website :


ICICIdirect is from ICICI Bank, the biggest private sector bank in India. It offers 3-in-1 bank account which consists of a savings account, a demat account and a trading account which are integrated to make deposits and withdrawal a breeze. But just like SBICap Securities, the brokerage charges are on the higher side as compared to the brokerage firms. Also, you need to pay demat account opening charges of Rs. 100 and trading account opening charges of Rs. 975.

Want to open demat account in icici direct? Visit their official website :

Angel Broking

Angel Broking is one of the most reliable and trusted brokerage companies in India and was established in the year 1987. It currently has 900+ branches throughout the country and offers a host of services to its customers. It offers multiple trading platforms and types of trading accounts. The brokerage firm doesn’t charge any account opening fee and their equity trading brokerage is one of the cheapest in the country.

Want to open demat account in angel broking? Visit their official website :


With 1800+ branches in more than 170 cities, Sharekhan is also a popular brokerage firm in India. With Sharekhan, you get to select from two different types of demat accounts- Classic and Trade Tiger. While Sharekhan charges account opening of Rs. 750 for the Classic account and Rs. 1,000 for TradeTiger account, they generally waive off the fee most of the times. Their brokerage structure is excellent and you can even negotiate the brokerage further if you are a regular trader.

Want to open demat account in sharekhan? Visit their official website :


Which one is the best demat account in India 2017?

Pick one from the above-mentioned options and your trading journey will surely be smooth and rewarding. Price or the cost of maintenance of demat account is a big factor while choosing the best demat account. There are many terms like lowest brokerage fee, intraday trading charges, demat account for mutual funds, best 3-in-1 demat account etc which you should analyse and understand first and then proceed as per your need. If you are not going to use your demat account daily for trading, just want to buy stocks and keep for long term then a demat account in bank linked with your savings account may be a good idea. Where the lowest brokerage demat account like Zerodha is best for them who are regular trader and making money from stock trading online in India.


I am a passionate blogger and personal finance enthusiast. Mostly share about investment tips, insurance guide, banking how to guides and various personal finance hacks through my blog. Checkout my first YouTube Channel on Personal Finance Guide.

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