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Even before knowing about the best demat account, we need to know about the demat account first and how it works etc. As we keep our money in bank account, we keep our shares in the demat account. Like if we withdraw cash from the bank’s account, it is the physical form of cash or currency money. But when we pay with a debit card, this money is electronic transfers.

Similarly, if we have a stock, we will either present it to anybody or sell them in the market, in both cases, the shares will be transferred from one demat account to another demat account. There is no need to keep the shares in physical form.

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What Is a Demat Account?

According to SEBI guidelines, shares can’t be bought or sold in any other form other than demat. Therefore, if you have to buy or sell stock from the stock market, then you have to have a demat account.

The full form of demat is ‘dematerialized’ which means in your Demat account the money will be of Electronic form not in physical form. For instance, in relation to the stock market, the demat account is used as an account and locker, where the purchased shares are deposited.

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Best Demat Accounts In India:

We are providing the Best demat accounts list below as per the category. There are total two categories for the best Demat account in India. One is the traditional stockbrokers, which offers the best Demat Accounts in India. And another category is the discount brokers for providing its consumer the lowest brokerage demat A/c in India.

Let’s check out the category wise best demat account in India below:

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Traditional Stock Full-service Brokers:

We are listing down 5 best demat accounts from the category traditional stock brokers.

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SSL (SBICAP Securities Ltd) Demat account:

This demat account is actually a sub-division of the SBI Capital Market Limited. This demat account enables you to trade in retail equity, derivatives, equity etc. This Demat Account also enables its consumer to enjoy online trading.

NOTE:

• This lets it consumer share trading with the eZ-trade@sbi
• This is recorded with Securities Exchange Board of India (SEBI)
• It is a 3-in-1 account (SBI Demat Account, Bank Account & trading Account)

Charges Of SBI Demat Account:

• Charges for Demat A/c is INR 850/-
• Demat Annual Maintenance Charges (AMC) is INR 400/-

Source :- bestdemataccounts . com 

ICICI Direct Demat Account

This demat account is actually a sub-division of the ICICI securities with the presence of Indian PAN. This Demat A/c is one of the best demat accounts in India presently. This broker provides numerous investment opportunities to its institutional clients and retail that are using this ICICI direct branches and ICICI banks.

NOTE:

• ICICI Direct Demat Account offers 3-in-1 demat & trading account
• This Demat A/c is superior to other stockbrokers’ that are widely available in India

Charges Of ICICI Direct Demat Account

• Charges for Demat Account Opening is INR 100/-
• Demat Annual Maintenance Charges (AMC) is INR 500/-

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HDFC Security Demat Account:

HDFC Securities is a part of the HDFC Bank. The HDFC Demat Account allows various online trading and trading through trustworthy phone apps. With such incorporation, you may be wasting your time during the movement of your shares and funds. The HDFC Securities firm is listed in the best Demat Accounts in Indian catalog.

NOTE:

HDFC Securities Demat a/c holds 3-in-1 feature, which jointly embodies your HDFC Demat a/c.

Charges Of HDFC Demat Account:

• Charges for Demat Account Opening is NIL
• Demat Annual Maintenance Charges (AMC) is INR 750/-

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ShareKhan Demat Account:

Sharekhan Demat Account offers online training, financial advisory, and seminars to its investors. ShareKhan also maintained their market position & delivered the Best Demat Accounts as a traditional stockbroker.

NOTE:

• ShareKhan has enlarged to 500+ branches from corner to corner of India.
• Sharekhan doesn’t charge for the opening of a Demat account as well as any cost for the Depository Participant (DP) transactions
• This Stock Broker provides free Call and Trade facility to its consumers.

Charges Of ShareKhan Demat Account:

• Charges for Demat Account Opening is NIL
• Demat Annual Maintenance Charges (AMC) is INR 450/-

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Kotak Security Limited Demat account:

This is a part of the Kotak Mahindra Bank. This Demat Account is an online broker division of the Kotak Mahindra Group in India. This broker allows capitalizing in mutual funds, Equities, derivatives, Exchange Traded Funds, Initial Public Offering (IPO) etc.

NOTE:

• It is a Mumbai based demat A/c in India.
• It has a membership of Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)
• This organization conducts several online programs just to guide the traders

Charges of Kotak Security Limited Demat account:

• Charges for Demat Account Opening is INR 100/-
• Demat Annual Maintenance Charges (AMC) is INR 500/-

Lowest Brokerage or the Discount Brokers Demat A/C in India:

We are listing down 5 best demat accounts from the category lowest brokerage or the discount brokers demat Account in India.

Source :- tradebrains . in

5 Paisa Demat account:

5 Paisa Demat account is a part of the IndiaInfoline i.e. IIFL. It has presented a new brokerage prototypical for the trading of the stock market. The broker appears in the list of the best demat accounts in the category of lowest brokerage.

NOTE:

This provider is the Mumbai-based discount brokers’ demat account in India.

Charges of 5 Paisa Demat account:

• Charges for Demat Account Opening is NIL
• Demat Annual Maintenance Charges (AMC) is INR 400/-

Source :- wisdomcapital . in

Wisdom Capital Demat Account:

One of the best Demat Accounts is provided by the Wisdom Capital Demat account. This Broker provides trading in equities, commodities, F&O, Mutual Funds, currency etc. This stockbroker delivers a high degree act in terms of the trading platforms.

NOTE:

In addition to providing the highest influence in the equity intraday, the Wisdom Capital demat A/c is known as one of the lowest brokerages demat A/c.

Charges of Wisdom Capital Demat Account:

• Charges for Demat Account Opening is NIL
• Demat Annual Maintenance Charges (AMC) is INR 999/- + GST

Source :- tradebrains . in

Zerodha Demat Account:

This broker has come with the super idea of a flat fee brokerage in the Indian stock market, and thus was venerated at the beginning. However, nowadays the discount broker similar to Wisdom Capital demat account has already offered one of the best demat accounts discounted plans.

NOTE:

This Demat Account charges INR 20/- per every executed order

Charges of Zerodha Demat Account:

• Charges for Demat Account Opening is INR 100/-
• Demat Annual Maintenance Charges (AMC) is INR 300/-

SAS Online Demat account:

This online brokerage company is projected to give the consumers an effective outcome in the Indian stock market. This Is one of the best demat accounts existed in India.

NOTE:

Even though, it has presented the brokerage of INR 9/- per trade.

Charges of SAS Online Demat account:

• Charges for Demat Account Opening is INR 200/-
• Demat Annual Maintenance Charges (AMC) is INR 200/-

Source :- seedroid . com

UPSTOX Demat Account:

This discount broker has recognized the nicest position in the Indian Share & stock market. As a dealer, you may pursue the advice of a stockbroker & inquire at the time of choosing the right as well as the best Demat Accounts in India.

NOTE:

This discount broker is in the list of the Top 10 stockbrokers Demat Account holders in India.

Charges of SAS Online Demat account:

• Charges for Demat Account Opening is INR 150/-
• Demat Annual Maintenance Charges (AMC) is INR 150/-

The best Demat accounts generally aim to provide Equity, Commodity, F&O, Mutual Funds, currency to its account holder. In the hunt of the best Demat accounts in India, thoroughly compare the important characteristics of these given stockbrokers in the Indian market.