Top Demat Accounts In India

Last Updated on November 10, 2023 by Asfa Rasheed

Do you want to know How to Open a Demat Account and What is the Best Demat Account in India?

There are many different types of Demat accounts in India, and it can be challenging to decide which one is right for you. This article will discuss the top 5 Demat accounts in India and what each one has to offer. We will also help you decide which account is correct for you based on your needs and preferences. So, we have you covered whether you are just starting or looking for a more advanced account.

But before we get started, let’s first understand what a Demat account is.

What Is A Demat Account?

A Demat account is an account where you can hold your shares and securities in electronic form.

It is similar to a bank account where you can hold your money.

A Demat account is required if you want to trade in shares and securities on the stock market.

Now that we know what a Demat account is, let’s look at the top five Demat accounts in India.

Top 5 Demat Accounts in India in 2022

While comparing the different Demat accounts, we have considered opening account charges, annual maintenance charges, transaction charges, and other features.

Based on these factors, here are the top five Demat accounts in India:

#1. Upstox Demat Account

Upstox is a leading discount broker that offers one of the best Demat accounts in India.

It charges zero account opening fees and annual maintenance charges (AMC) for the first year.

Upstox also offers free Delivery trades and a flat fee of Rs 20 per trade for Intraday and F&O trades.

It also provides access to over 50 exchanges, making it an excellent choice for investors who want to trade in multiple markets.

Upstox also has a mobile app that is very user-friendly and offers free real-time data.

Overall, Upstox is an excellent choice for investors looking for a low-cost Demat account with good features.

How To Open A Demat Account On Upstox?

• To open a Demat account with Upstox, you must provide your PAN card, Aadhar card, bank account details, and income proof.
• You will also need to fill out an account opening form and submit it to Upstox.
• Once your account is opened, you will be given a login ID and password that you can use to access your account.

You can then start trading in shares and securities on the stock market.

If you are looking for a Demat account with low charges and valuable features, then Upstox is an excellent choice.

You can easily open an account by following the steps mentioned above.

Pros And Cons Of Upstox Demat Account

Pros:

• Zero opening account charges and annual maintenance charges (AMC) for the first year
• Free Delivery trades
• A flat fee of Rs 20 per trade for Intraday and F&O trades
• Access to over 50 exchanges
• User-friendly mobile app
• Upstox Pro

Cons:

• If you want to trade via call, you have to pay for it
• You can open a 3-in-1 Demat account if you have a savings account with IndusInd Bank.

#2. Zerodha Demat Account

Zerodha is another leading stock broker that offers one of the best Demat accounts in India.

It charges zero account opening fees and annual maintenance charges (AMC).

Zerodha also offers free equity Delivery trades and a flat fee of Rs 20 per trade for Intraday, F&O, and currency trades.

It also provides access to multiple exchanges, making it an excellent choice for investors who want to trade in various markets.

Zerodha also has a mobile app that is very user-friendly and offers free real-time data.

Overall, Zerodha is an excellent choice for investors looking for a low-cost Demat account with good features.

How To Open A Demat Account On Zerodha?

If you are ready to open a Demat account with Zerodha, you can do so by following these steps:

• First, you need to visit the Zerodha website and click on the “Open an account/Sign up” button.
• Next, you will need to provide your PAN card, Aadhar card, bank account details, and income proof.
• You will also need to fill out an account opening form and submit it to Zerodha.
• Once you have opened your account, you will be given a login ID and password to access your account.
• You can then start trading in shares and securities on the stock market.

Before the arrival of Zerodha, investors had to pay a lot of charges to their brokers.

But with Zerodha, they can trade at very low costs.

Zerodha has made online trading very simple and convenient for the masses.

Pros And Cons Of Zerodha Demat Account

Pros:

• You will not be charged for the delivery of goods in this segment, but there is a maximum limit of Rs20/trade.
• India’s Most Trusted and Reliable Discount Broker With the Largest Number of Customers
• Provides education to new investors.
• Zerodha Kite is a top-of-the-line trading platform.
• A new mutual fund investment platform called Coin has been created.

Cons:

• If you want to call and trade, it will cost Rs 20.
• If you’re going to open a 3-in-1 Demat account, you need an IDFC First bank savings account.

#3. Angel Broking Demat Account

Angel Broking is one of the leading stockbroking firms in India and offers a wide range of investment options. The company has been in operation for over 30 years and has a strong presence across the country.

Angel Broking offers a 3-in-1 account which includes a Demat account, trading account, and bank account. This account gives you the convenience of managing all your investments in one place.

The company also provides a mobile app that is very user-friendly and offers all the features that you would expect from a top-notch trading platform.

How To Open A Demat Account On Angel Broking?

Opening a Demat account with Angel Broking is straightforward.

• You need to visit the Angel Broking website and fill in the online application form with your details.
• Once you have submitted the form, the team will contact you to complete the process. You will need to provide some documents for KYC verification, after which your account will be activated.
• You can then start trading online using by entering your ID And Password.

Angel Broking offers a range of features and tools to help you make informed investment decisions.

So open a Demat account with us today and take advantage of our world-class trading platform.

Pros And Cons Of Angel Broking Demat Account

Pros:

• One of the oldest and most trusted stockbrokers in India.
• Has a wide range of products and services.
• It offers a mobile app with all the features you would expect from a top-notch trading platform.
• Available in Hindi
• No brokerage Fees on any segments
• Lifetime free trade
• Fractional investment
• Ready to use portfolios
• There are no setup or maintenance fees for the first year.

Cons:

• The website can be pretty confusing to navigate.
• The customer service is not very responsive.

#4. 5Paisa

5 Paisa Demat Account is an excellent choice for those who want to invest in stocks and shares. The account offers many features, such as trading options or market research tools that can help you learn about how the industry works from an investor’s perspective- perfect if it’s your first time.

The portfolio analysis function allows users access to information on historical prices when they’re looking into investing their money, so there will be no surprises down the line. You can also set up price alerts for stocks you’re interested in so that you don’t miss any critical changes.

How To Open A Demat Account On Paisa?

It is one of the easiest ways to open a Demat account in India. Just follow these simple steps:

Go to the official website of 5Paisa

• Click on the ‘Open Demat account’ tab
• Fill in your details like name, email id, phone number, etc.
• Complete the KYC process by submitting the required documents
• Your account will be activated within 24 hours

Pros And Cons Of Paisa Demat Account

Pros:

• There are no commissions to be paid on mutual fund investments.
• Learning tools are available to help you get started with investing.
• The Market research function gives you access to information that can help you understand the industry.
• The Portfolio analysis function allows you to track your investments and performance.

Cons:

• Sometime you may face server issues.
• The website is not very user-friendly.
• The customer service could be better.

#5. Sharekhan Demat Account

With Sharekhan Demat Account, you get access to the latest market trends and forecasts by experts.

You also get learning tools and portfolio management services to trade in stocks, bonds, mutual funds, ETFs, futures, and options.

So whether you’re a seasoned investor or just starting, this account has everything you need to make intelligent investment decisions.

How To Open A Demat Account On Sharekhan?

You can open a Demat account with Sharekhan by following these simple steps:

• First, you need to visit the official website and click on the ‘Open Demat account’ tab.
• You will get a form that you need to fill out with your name, email id, phone number, etc.
• Once you have submitted the form, a representative will contact you to complete the process.
• You will need to provide some documents for KYC verification, and then your account will be activated.

Pros And Cons Of Sharekhan Demat Account

Pros:

• It notifies you when the price of your favorite stocks changes.
• Best customer support
• There is no minimum deposit required.
• Experts will rebalance your portfolio for you.

Cons:

• Account opening is complicated.
• The website is not very user-friendly.

These are the Top five Demat accounts in India in 2022. You can choose any one of them according to your need and convenience.

Now, it’s time to research and figure out which one is right for you.

Things To Consider Before Opening A Demat Account

Now that you know the top five Demat accounts in India, it’s time to research and figure out which one is right for you. Here are a few things to consider:

• Fees: Some Demat account providers charge annual fees, while others charge per transaction. Consider what’s best for your investing style.
• Services: Some Demat account providers offer additional services like portfolio analysis and market research. Consider what would be most helpful for you in making investment decisions.
• User interface: Some Demat account providers have more user-friendly interfaces than others. Consider what would be most important to you regarding ease of use.
• Customer service: Some Demat account providers have better customer service than others. Consider what would be most important to you in getting help when you need it.

Once you’ve considered all of these factors, you’ll be well to choose the best Demat account for your needs.

FAQs

There are a few questions that people often have regarding Demat accounts. Let’s take a look at some of the most frequently asked questions.

These are just a few of the questions that people often have regarding Demat accounts. If you have any other questions, please ask in the comments section below.

Conclusion

We hope this article has helped you understand the top five Demat accounts in India. As always, do your research before making any investment decisions. And if you have any questions, feel free to ask in the comments section below.

Happy investing.

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