Best Demat Accounts in India in 2026

by Admin - 2025-04-25

The first step to start trading in the Indian stock markets is to open a Demat account, with so many providers to choose from, selecting best one can be a challenge. Do you prefer low brokerage fees, a robust trading platform, or seamless customer support? Our analysis will help steer you through the clutter and present you with the curated list of best Demat accounts in India for 2025. We have compared key factors like features, pricing and usability and hidden charges to help you find the broker most suited toward your investment objectives and style of trading.

What is a Demat Account?

A Demat account stores your stock-based assets as electronic items within a service account managed by a secure app. E-shares replace physical stock certificates to ensure protection from theft and loss. Stock market traders need to set up their Demat account through a depository participant such as a bank or brokerage. This system expedites security transactions and it allows investors to store various investment types at once. The best demat accounts help complete transactions quickly and securely, so investors can benefit from digital investment processes in India today.

Top 10 Best Demat Accounts in India

Broker	Opening Charges	Annual Maintenance Fee (AMC)	Brokerage Fee (Equity Delivery/Intraday)
Zerodha	Free	Rs 300 annually	Delivery: Free Intraday: Rs 20 or 0.03% per trade (whichever is lower)
Groww	Free	No AMC charged	Rs 20 per transaction or 0.1% of trade value
Upstox	Free	First year free; Rs 150 per year thereafter	Delivery: Free Intraday: Rs 20 or 0.05% (lower of the two)
Angel One	Free	Free in year one; Rs 60 per quarter for non-BSDA clients	First Rs 500 trades: Free Then Rs 20 or minimum Rs 2 per trade
ICICI Direct	Free	First year free; Rs 700 per year from second year	Flat Rs 20 per executed order
HDFC Sky	Free	Rs 0 for the first year Rs 240/year from the second year	Rs 20 per order or 2.5% of trade value, whichever is lower
Kotak Securities	Free	BSDA accounts: Rs 0–Rs 100 Non-BSDA: up to Rs 600/year	Charges 0.20% on the transaction amount
5Paisa	Free	Rs 300 per year based on holding value	Rs 20 or 0.1% per executed trade
Sharekhan	Free	No AMC for the first year. Rs 400/year afterwards	0.30% of trade value or a minimum of 1 paisa per share
Edelweiss (Nuvama)	Free	Free for first year; Then Rs 500/year or Rs 1500 one-time	Rs 10 per executed transaction

Best Demat Accounts in India

These are the top choices for a demat account investment application:

1. Zerodha

Zerodha started operations in 2010 and now operates as a top-ranked discount brokerage company in India. Zerodha changed trading in India by giving customers free equity trading while making their trading technology available at an affordable price. The sleek and intuitive Kite platform, equipped with advanced charting tools, makes Zerodha a favorite among both beginners and seasoned traders. This is one of the best demat accounts in India, making it on top of the list.

Features:

Free equity delivery trades—no hidden costs for long-term investors.
Kite platform featuring advanced charts like TradingView, with over 100 technical indicators.
Seamless integration with Coin (mutual funds), Smallcase (portfolio-based investing), and Varsity (learning).
Clean, ad-free interface designed for speed and focus.
Robust APIs for algorithmic trading and custom solutions.

2. Groww

Groww creates a simple investment platform that helps users trade all investment types, including stocks and mutual funds. Groww makes investing easy with its user-friendly platform and full set of trading features for investors of all levels. The Groww platform has several features that make it one of the best demat accounts for beginners.

Features:

Zero account opening and maintenance charges for a lifetime.
Unified dashboard for mutual funds, US stocks, and SIPs.
Fast onboarding—Demat account in under 5 minutes via Aadhaar.
Investment planning calculators built in (SIP, brokerage, etc.).
Intuitively designed app with a transparent, minimalistic interface for seamless navigation.

3. Upstox

Upstox serves as a leading discount brokerage company in India by offering simple trading tools combined with competitive pricing. Upstox gives investors access to multiple investment choices of stocks, commodities, currencies, mutual funds, and initial public offerings to serve investors at all skill levels. Upstox simplifies trading for customers through its advanced technology while emphasizing innovative solutions.

Features:

Smart Watchlist, powered by AI, that suggests trending stocks.
Option chain analysis and option Greeks are available in-app.
Invest in stocks, mutual funds, and IPOs with zero commission.
Access to the API Bridge for algo traders and power users.
Chartiq and TradingView-powered graphs

4. Angel One

Angel One serves as an important full-service brokerage company in India that provides complete trading and investment solutions. Angel One uses advanced technology to develop platforms for trading and investing that suit both new and experienced market participants. There are many features in the trading app that you can use to analyse the market trends, which makes it one of the best Demat accounts out there in the market.

Features:

ARQ Prime helps investors by using advanced computer systems to create personal asset recommendations.
Video-based learning through the Smart Money platform.
Voice search-enabled investing in the mobile app.
In-depth research reports are available even to non-clients.
24/7 WhatsApp bot and app-based customer service.

5. ICICI Direct

ICICI Direct serves as a notable full-service brokerage firm in India that provides all aspects of investment and trading services. The platform serves beginners and experts with tools that help investors make good decisions about their money.

Features:

Effortless 3-in-1 account integration with ICICI Bank for smooth and instant fund transfers.
Trade Racer terminal is designed exclusively for high-volume, serious investors.
Join iCommunity to explore social investing and engage in real-time market discussions.
One-stop access to IPOS, bonds, fixed deposits, and insurance—everything you need in one place.
Built-in tax planning tools and portfolio health check.

6. HDFC Sky

HDFC Securities created HDFC Sky to serve as their latest trading platform, designed with ease and efficiency in mind. Users benefit from an easy-to-use interface that works well for investment beginners as well as experienced traders. HDFC Sky uses modern technology to add advanced trading capabilities that help users make better investment choices.

Features:

Margin Trading Facility (MTF) at just 1% per month—one of the most competitive rates in the industry.
Daily market insights from HDFC's in-house analysts.
Customizable risk alerts and order triggers.
Access to US stock investments and international ETFs.
Modern, intuitive user experience designed to support beginners as they grow into active traders.

7. Kotak Securities

Kotak Securities runs India's top full-service brokerage business and provides all investment and trading tools. Its digital platforms serve investors who are new to the market and advanced traders through an innovative technology system.

Features:

Kotak Neo—customizable trading dashboard with AI filters.
The platform offers built-in budget planning features and risk evaluation tests.
The platform uses Smart Order Routing (SOR) technology to search for better exchange prices.
For BSDA accounts, lifetime AMC is available.
Multi-language platform accessibility.

8. 5 paisa

5paisa serves as India's top discount brokerage by providing complete financial services for investments and trading. The services align with technology and price benefits to help investors at all skill levels through simple interface tools. The FinSchool can help many investors to make their earnings, which makes it one of the best Demat accounts in India.

Features:

Value-add packs offering reduced brokerage + premium services.
FnO 360 for derivatives traders with real-time risk and P&L tools.
Single-screen execution across segments (stocks, F&O, forex, etc.).
FinSchool—gamified investing education with certifications.
Instant loans against shares via 5paisa Capital.

9. Sharekhan

As part of Mirae Asset, Sharekhan remains a strong and established full-service brokerage in India that provides complete trading and investment solutions. Sharekhan delivers technology-based platforms and research services to meet the requirements of beginner and advanced investors.

Features:

TradeTiger terminal for desktop-based active trading.
Special investment baskets of related stocks come from our research.
Sharekhan Classroom for structured learning (progress tracked).
Personalised relationship manager for premium clients.
Long-term SIP planner integrated into portfolio dashboard.

10. Edelweiss Broking (Nuvama Wealth)

Nuvama Wealth, formerly known as Edelweiss Broking, runs as a full-service brokerage firm in India by giving customers access to a vast range of investment and trading solutions. The company focuses on technology and research with tools suitable for all investor levels through its easy-to-use platforms.

Features:

Trader’s Lounge: Web-based terminal with smart order types.
A single command lets you buy different investment products, such as stocks and derivatives, together.
Investology platform with curated investment content.
Real-time sentiment tracking for stocks and sectors.
Lifetime AMC plans are available for long-term investors.

Benefits of Opening a Demat Account

To grow your wealth through stock market investments, you should begin by opening a Demat account. Your Demat account functions as advanced online storage to keep all your investment assets digitally safe from physical threats.

Safe & Paperless Investment

You can securely store the lifetime investments via a digital Demat account. People no longer need to handle physical stock certificates, which can get lost, stolen or tampered with. The digital storage protects your assets from threats to physical items and lets you access them anytime using your computer or mobile device.

Quick & Seamless Transactions

Your Demat account permits fast processing of investment transactions. Share and investment trading takes place immediately, while funds settle T+1 within normal business days. Investors can take immediate action on market changes while maintaining efficient control of their available funds.

All-in-One Investment Platform

Your Demat account is not limited to holding share certificates. Through this single platform, you can invest in all major asset types, including mutual funds, ETFs, government bonds and American stocks, when you work with certain brokerage companies. It makes it easier to monitor and handle different types of investments through a unified online interface.

Auto Credit of Corporate Actions

Your account receives automatic transfers for all dividend payments, interest earnings, bonus shares, and stock splits. By automating activities, you don't need to follow up manually and will never miss a payment.

Cost-Effective & Convenient

Discount brokerage services have made it possible to create and run a Demat account with cost-effective options. You can open an account on numerous platforms without paying fees today, since most services cost little or nothing to use. People can now access investments through mobile tools and clear display panels, which help all investor levels make better use of their resources.

How to Choose the Best Demat Accounts in India

Choosing the right Demat account is key to making the investment experience simple and getting more returns. You will need to assess several key criteria before choosing between multiple brokerage companies.

Brokerage & Charges:

The expense of conducting trades serves as a fundamental essential when choosing a stock broker. Each trading platform uses a distinctive approach to set fees that either depend on the trade size or include a fixed payment amount. Frequent traders should consider working with discount brokers like Zerodha, Upstox, and Groww because they charge only Rs 20 or less per trade.

Platform & Usability

The platform's quality determines how well traders can execute their transactions. Choose brokers with user-friendly trading platforms that deliver quick performance without errors. Traders use advanced charting software with live market info, while one-click ordering helps them track their progress in personal dashboards.

Account Opening & AMC

Brokers allow new clients to register for free with no AMCs in their first year. Some platforms offer both lifetime free AMC plans and additional benefits. Review all cost details of your demat account, including transaction fees and SMS notifications, before creating an account.

Research & Customer Support

People who invest for the first time or depend on research should select brokers that publish knowledgeable research, guidance and educational materials. Pick a broker who provides quality customer support in various contact methods, including phone calls, chats, and emails.

Additional Features & Offerings

Determine all services the broker offers beyond trading, including access to mutual funds and stocks, and offers related to investing and customer assistance. Select a broker that matches your investment path to your plans.

Conclusion

Opening a Demat account represents the beginning of your investment journey and requires careful selection. Multiple trading platforms match the needs through brokers like ICICI Direct and Sharekhan, and discount providers Zerodha, Groww, and Upstox. The different platforms match the investment needs of all traders who prioritise particular trading features, from low brokerage fees to research tools and mobile trading options. Take time to review all brokerages' plans, features, and fees before making your choice. The best demat accounts in India should align with your trading goals, frequency, and investment style. So, take your time, do the homework, and get ready to unlock the full potential of your financial future with the best Demat account for you.

Frequently Asked Questions

1. What is a Demat Account and why do I need one?

A Demat Account (Dematerialized) is an electronic storing place for financial securities (stocks, bonds, mutual funds and ETFs) in electronic form. You will need one if you want to buy, sell or trade investments on the Indian stock exchanges (NSE & BSE) safely and easily without the bother of dealing with the risks of holding physical share certificates!

2. What are the key factors to consider when choosing a Demat Account?

The best Demat Account for you will depend on your trading style. There are a few important things you should consider:

Brokerage Charges: (flat fee per trade or percentage based) for equity, intraday, and F&O.
Account Maintenance Charges (AMC): An annual fee for maintaining the account.
Platform & Tools: Ease of use of platform (web and mobile), research reports, charting tools.
Customer Support: Accessibility and speed to resolve my queries.

3. What is the best Demat Account for beginners in India?

For beginners, we recommend that you look for accounts that have a simple interface, zero brokerage or very low brokerage on equity delivery trades, provide educational tools and resources, and have dependable customer support. Brokers like Zerodha, Groww, and Upstox are great platforms that we commonly recommend when keeping things simple and cheap for new investors.

4. Who offers the Demat Account with the lowest brokerage fees?

Discount brokers usually have the lowest brokerage fees. Most of them charge ₹0 brokerage on equity delivery trades, and charge either a flat ₹20 or a small percentage (between 0.03% - 0.05%) per executed order for intraday, F&O and currency trades. It's really important to read the complete fee structure - after all, a low brokerage may well be countered by a higher AMC or other potential hidden charges.

5. What is the difference between a discount broker and a full-service broker?

Discount Brokers (e.g., Zerodha, Groww) - generally, they provide you access through their platform to trade. They charge low brokerage fees and have limited advisory services.
Full-Service Brokers (e.g., ICICI Direct, HDFC Securities) - ultimate in either trading execution or combining direct and secondary services. Furthermore, additional service offers advice on investments, research reports, portfolio/fund management, and IPO offer support. These services have a lot more value, which means you can expect to pay higher brokerage fees.

6. Are there any hidden charges associated with opening a Demat Account?

Most brokers are upfront and transparent with costs, but there's no harm in checking for:

Account Opening Charges (Most are waived - but it's good to check)
Annual Maintenance Charges (AMC)
Transaction Charges (Charged by the exchanges to you)
DP charges (the charges that they levy for moving securities)
Inactive charges (If you don't perform a trade in a certain period)

You will also find all these charges are detailed in the table above, along with each broker.

7. Can I open a Demat Account online free of cost?

Yes, for sure. Most major brokers let you register for a Demat and trading account online using a paperless procedure, which normally takes only a few hours. The account opening fee is generally waived, in many cases due to promotional policies, and most discount brokers won't charge.

8. How can I transfer my existing Demat Account holdings from one broker to another?

You can easily transfer your holdings using the DIS (Delivery Instruction Slip) facility or online via the CDSL/NSDL portals. The transfer process is started when you register with your new broker and they guide you through the next steps, where the transfer overall is free or nominal in cost, if at all.

9. Is it safe to open a Demat Account with a stock broker?

Yes, it is safe. All brokers registered with SEBI, whether a discount broker or not, must adhere to strict guidelines. All securities that you own are electronically held with two central depositories, CDSL or NSDL, not the broker. The broker is still an intermediary who trades on your behalf. Ensure that your broker is registered with SEBI at all times.

10. Can I have multiple Demat Accounts?

Yes, you can open multiple Demat Accounts with different brokers. There is no legal restriction. However, maintaining multiple accounts may lead to paying multiple AMC fees, which could be unnecessary unless you have specific strategic reasons for using different platforms.