Best demat account in India and charges comparison of top demat accounts
May 24, 2020

Best demat account in India and charges comparison of top demat accounts

According to our experts, top 12 Demat accounts in India are:

  • SBI Demat Account (SBI Cap Securities)
  • HDFC Demat Account (HDFC Securities)
  • ICICI Demat Account (ICICI Direct)
  • Zerodha Demat Account
  • Kotak Demat Account (Kotak Securities)
  • Sharekhan Demat Account
  • Angel Broking Demat Account
  • 5paisa Demat Account
  • Upstox Demat Account
  • Trade Smart Demat Account
  • Motilal Oswal Demat Account
  • India Infoline Demat Account (IIFL)

They have various schemes and levy different charges for stock deliveries, intraday, and account maintenance. Selecting the right Demat account helps in investing in shares conveniently and create a fortune for the future.

Detailed below are the Demat account charges comparison along with its Pros and Cons. It will help you in selecting the cheapest Demat and trading account in India and the best Demat account India in 2020.

In the meantime, click here to know what is demat account and its difference with trading account.

Table 1: SBI Demat Account Charges

Charges

Delivery Charges: More than 0.50 per cent or 5 paise per share.

Intraday Charges: More than 0.15 per cent or 5 paise per share.

Account Opening Charges: Rs 850

Annual Maintenance Charges: Rs 500

Services Offered SBI Cap Securities offers a range of services, including trading in equities, mutual funds, IPOs, derivatives, currencies, bonds, ETFs, insurance and FDs.
Pros
  • Since the parent concern of SBI Cap securities offers complete banking packages; you can use this facility as a 3-in-1 account for banking, online trading, and as a Demat account.
  • It acts as an umbrella platform for trading in all forms of investment products.
  • They have a considerable offline presence.
Cons
  • There is a scope of improvement in customer services.
  • Brokerage charges are considerably higher than peers.
Trading Platform SBI Smart web trading platform, eZ-trade@sbi

Table 2: HDFC Demat Account Charges

Charges

Delivery Charges: A minimum of 0.50 per cent or Rs 25 per share to a maximum of 2.5 per cent of the transactional value.

Intraday Charges: A minimum of 0.10 per cent or Rs 25 paise per share to a maximum of 2.5 per cent of the transactional value.

Account Opening Charges: Rs 999

Annual Maintenance Charges: Rs 750 (from second year onwards)

Services Offered Customers can use HDFC Securities for a host of services, including trading in equities, mutual funds, IPOs, derivatives, currencies, bonds, ETFs, insurance, and FDs.
Pros
  • You can implement HDFC Securities account as a 3-in-1 service for banking, online trading, and as a Demat account.
  • It acts as an umbrella platform for trading in all forms of investment products.
  • HDFC Securities offers excellent customer services.
  • They have an exclusive section for NRI customers.
  • Research, reports, and recommendations are of the highest standard.
Cons
  • HDFC Securities levy high brokerage charges while trading in stocks.
  • There is no scope of commodity trading.
Trading Platform HDFC Sec Web Trading Platform, Mobile App, Blink, and ProTerminal

Table 3: ICICI Demat Account Charges

Charges

Delivery Charges: The delivery charges in ICICI Direct depends upon the investment schemes. In I-Secure Plan, the delivery charge is 0.55 per cent, in I-Saver Plan, the delivery charges range from 0.25 to 0.75 per cent, and in Prime Plan, the fee is 0.25 per cent.

Intraday Charges: 0.275 per cent for I-Secure Plan, 0.25 to 0.75 for I-Saver Plan, and 0.25 per cent for Prime Plan.

Account Opening Charges: Rs 975

Annual Maintenance Charges: Rs 500

Services Offered ICICI Direct offers a range of services, including trading in equities, mutual funds, IPOs, derivatives, NCDs, currencies, bonds, ETFs, and FDs.
Pros
  • You can implement ICICI Securities account as a 3-in-1 service for banking, online trading, and as a Demat account.
  • ICICI Direct, being a flagship trading and investment platform of ICICI Securities enjoy a high brand value.
  • It offers you a range of three brokerage schemes- I-secure Plan, I-saver Plan, and Prime Plan.
  • ICICI Direct is a fast trading platform.
Cons
  • ICICI Direct levy high brokerage charges while trading in stocks.
  • There is no scope of commodity trading.
  • The performance of the mobile app needs improvement.
  • The brokerage schemes are complicated for the layman.
Trading Platform Share Trading Account, Trade Racer Web, ICICI Direct Mobile

Table 4: Zerodha Demat Account Charges

Charges

Delivery Charges: Free

Intraday Charges: 0.03 or Rs 20 on every transaction (whichever is lower)

Account Opening Charges: Rs 200

Annual Maintenance Charges: Rs 300

Services Offered Zerodha Demat Account helps you invest in equities, mutual funds, derivatives, currencies, and commodities.
Pros
  • Zerodha Demat Account offers customers free equity delivery. The maximum brokerage charge is also Rs 20
  • The trading platform is convenient and innovative.
  • Customers can directly invest in Mutual Funds through Coins and brand value.
Cons
  • Zerodha does not offer market tips and research reports to customers.
Trading Platform Kite 3.0 Trading Platform, Kite Mobile, Console, Sentinel, Coin, Pi

Table 5: Kotak Demat Account Charges

Charges

Delivery Charges: 0.49 per cent of the transactional value (in case of fixed brokerage plan).

Intraday Charges: 0.49 per cent of the transactional value.

Account Opening Charges: Rs 750

Annual Maintenance Charges: Rs 600

Services Offered Customers can use Kotak Securities for a host of services, including trading in equities, mutual funds, IPOs, derivatives, currencies, bonds, and ETFs
Pros
  • You can implement Kotak Securities account as a 3-in-1 service for banking, online trading, and as a Demat account.
  • It acts as an umbrella platform for trading in all forms of investment products.
  • Kotak Securities have a considerable offline presence.
  • There are three unique brokerage plans- Fixed, Dynamic, and Fit.
Cons
  • Kotak Securities levy high brokerage charges while trading in stocks.
  • There is a scope of improvement in customer services.
Trading Platform XTRALITE (web), Stock Trader (mobile app), KEAT PRO X (terminal application), Fastlane

Table 6: Sharekhan Demat Account Charges

Charges

Delivery Charges: 0.50 per cent in the Classic Plan

Intraday Charges: 0.10 per cent in the Classic Plan

Account Opening Charges: Rs 750 for Classic account and Rs 1000 for Trade Tiger Account

Annual Maintenance Charges: Rs 400 (second year onwards)

Services Offered Sharekhan Demat Account helps you invest in equities, mutual funds, derivatives, currencies, PMS, IPOs, and commodities.
Pros
  • Sharekhan Demat Account has a sizeable presence in the country and enjoys enormous brand value.
  • They offer offline investment workshops for freshers.
  • Account opening fee gets adjusted with brokerage amount.
Cons
  • Sharekahn does not offer a 3-in-1 account facility to customers.
Trading Platform Trade Tiger, Sharekhan Mobile App, Sharekhan Web, InstaMf App, ComMobile

Table 7: Angel Broking Demat Account Charges

Charges

Delivery Charges: Free

Intraday Charges: Flat fee of Rs 20 for every transaction

Account Opening Charges: Free

Annual Maintenance Charges: Rs 450 (second year onwards)

Services Offered Angel Broking Demat Account helps you invest in equities, mutual funds, life insurance, currencies, PMS, IPOs, ETFs, and commodities.
Pros
  • Angel Broking Demat Account is one of the cheapest full-service brokers, offering flat brokerage charges.
  • Their account opening process is simple and hassle-free.
  • They offer market recommendation and research reports for the convenience of freshers.
  • Angel Brokers do not offer 3-in-1 account facility to customers.
Cons
  • Angel iTrade, Angel Speed Pro, Angel Booking App, Angel Bee
Trading Platform Angel iTrade, Angel Booking App, Angel Speed Pro, Angel Bee

Table 8: 5paisa Demat Account Charges

Charges

Delivery Charges: Rs 20 per transaction

Intraday Charges: Rs 20 per transaction

Account Opening Charges: Free

Annual Maintenance Charges: Rs 45 per month (only for those months customers trade)

Services Offered 5paisa Demat Account helps you invest in equities, mutual funds, insurances, currencies, personal loans, and commodities.
Pros
  • 5paisa Demat Account does not levy any delivery charges. The annual maintenance charge is also low.
  • Their account opening process is paperless, fast, and hassle-free.
  • Customers can invest in stocks, mutual funds, and insurance through the same platform.
Cons
  • 5paisa do not offer 3-in-1 account facility to customers.
  • They also levy higher exchange transactional changes.
Trading Platform Investor Terminal Web Platform, 5paisa Share Trading Mobile App, Trader Terminal

Table 9: Upstox Demat Account Charges

Charges

Delivery Charges: Free

Intraday Charges: Rs 20 per transaction or 0.01 in Basic Plan (whichever is lower). In the Pro Plan, the fee is Rs 30 or 0.05 per transaction.

Account Opening Charges: Rs 300

Annual Maintenance Charges: Rs 150

Services Offered With Upstox Demat account, you can invest in equities, currencies, and commodities.
Pros
  • Upstox Demat Account does not levy any delivery charges. They also implement flat brokerage charges, irrespective of trade volume for the convenience of customers.
  • There are multiple brokerage plans. You can select the most suitable one based on your investment schedule
  • Customers can invest in stocks, mutual funds, and insurance through the same platform.
Cons
  • Customers can invest in stocks, mutual funds, and insurance through the same platform.
Trading Platform Upstox Pro Web Trading Platform, Developer Console, Bridge for AmiBroker, Option Chain Tool, Upstox MF Platform.

Table 10: Trade Smart Demat Account Charges

Charges

Delivery Charges: In Power Plan, the delivery charge is Rs 15 per transaction, while in value Plan, it is 0.07 per cent per trade.

Intraday Charges: Same as standard Delivery Charges.

Account Opening Charges: Free

Annual Maintenance Charges: Rs 300 (second year onwards).

Services Offered Trade Smart Demat Account helps customers to invest in equities, derivatives, depository services, and commodities.
Pros
  • Trade Smart Demat Account offers customers low and unique brokerage plans (Power and Value) with high margin.
  • The account opening process is fast and convenient.
  • No additional charges for software.
Cons
  • Trade Smart Account does not offer3-in-1 account facility to customers.
  • Customers cannot invest directly in IPOs.
Trading Platform NEST Trader, SineWeb, SINE (Mobile App)

Table 11: Motilal Oswal Demat Account Charges

Charges

Delivery Charges: In the Default Pack, it is 0.50 per cent per trade.

Intraday Charges: In the Default Pack, it is 0.05 per cent on the transactional value.

Account Opening Charges: Free

Annual Maintenance Charges: Rs 400

Services Offered Motilal Oswal Demat Account helps customers to invest in derivatives, equities, currencies, IPOs, mutual funds, and commodities.
Pros
  • Motilal Oswal Demat Account offers a wide range of investment choices.
  • Customers can avail of award-winning research materials.
  • There are three unique brokerage plans for the benefits of investors.
Cons
  • Motilal Oswal Demat Account does not offer3-in-1 account facility to customers.
  • Brokerage charges are higher than peers.
Trading Platform Motilal Oswal Trade, Web Trading Platform, Desktop Trading Platform, Mobile App

Table 12: India Infoline Demat Account Charges

Charges

Delivery Charges: 0.50 per cent or 5 paise per transaction.

Intraday Charges: 0.05 per cent per transaction on both sides.

Intraday Charges: 0.05 per cent per transaction on both sides.

Annual Maintenance Charges: Rs 300

Services Offered India Infoline Demat Account offers customers a range of investment options, including stocks, derivatives, insurance, fixed deposits, bonds, and loans.
Pros
  • Customers can enjoy the services of a high-performing trading platform with India Infoline Demat Account.
  • They have an extensive network of branches across India.
Cons
  • It is challenging to invest in mutual funds and IPOs with India Infoline Demat Accounts.
  • Customer services need improvement.
Trading Platform IIFT Trader Terminal, IIFL Trader Terminal App, Investor Terminal (IT)

So, these were the comparison of Demat accounts offered by top-rated service providers. When the question arises, which is the best Demat account with the lowest brokerage, we can see that Angel Broking and Upstox offer free delivery charges. Many brokers also provide zero AMC Demat account on the first year of service, like HDFC Securities, Angel Broking, Sharekhan, and Trade Smart.

Now that you know what demand account is best for your click here to know how to start share market investment in India.

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