Best free Demat Account Provider in India


Opening a Demat account is the first step towards investing in India. ” Demat account is an account used to hold the securities in the dematerialized form”. The concept was first introduced in India in 1996 when the physical share certificates were converted into electronic form to be stored in the Demat account.

Demat account holds shares, mutual funds, bonds, exchange-traded funds, and government securities.

If you want to open a Demat account in today’s time, then the same Demat account provider charges you somewhere. In India, the same broker offers free demand accounts, so the customer doesn’t have to pay any charges under this scheme.

Let’s know who these brokers are offering Free Demat Accounts in India.

7 Best Free Demat and Trading Account provider in India

Free Demat Account provider in India
Upstox
Angel broking
5paisa
IIFL Securities
Sharekhan
Motilal Oswal
Groww

#1.Upstox:

Upstox Logo

Upstox, one of India’s leading brokerage firms that started its operations in May 2011, Upstox is a low-cost broking firm that provides trading on various segments such as currency, commodities, equities, futures & options.

Upstox offers ZERO account opening charges and zero brokerage fees for equity delivery trading.

Upstox brokerage charges:

  • Equity Delivery Trades: Rs 0
  • Intraday Trading: Rs 20 or 0.05 (whichever lower)
  • Futures and Options: Rs 20 per trade

Benefits of Upstox Free Demat Account:-

  •  Zero brokerage charges for the first 30 days from the date of opening of the account.
  • Upto 15x margins for intraday/CO/OCO orders.
  • Trailing-Stop/Stop-Loss (SL) is available.
  • Online IPO Application (UPI) is available.
  • 3-in-1 accounts are available

#2. Angel Broking:

Angel Broking logo

Angel Broking Limited is one of the largest independent full-service retail broking houses in India. Angel broking aims to provide investors with the best value through innovative products, investment strategies, advanced technology, and personalized service.

Angel Broking offers a safe, seamless, online share trading platform. This stock trading application helps in tracking your investments online. Expert Research for Technical Analysis and Portfolio Maintenance Services.

Angel Broking brokerage charges:

  • Demat account opanning: Rs 0
  • Equity Delivery Trades: Rs 0
  • Intraday Trading: Flat Rs. 20 or 0.25% (whichever is lower)
  • Futures and Options: Flat Rs. 20 or 0.25% (whichever is lower)

Benefits of Angel Broking Free Demat Account:-

  •  Online account opening and simplified fund transfer process
  • Flexible Brokerage based on investing profile.
  • Get personalized investment recommendations for your potential future investment option.
  • you can invest in globally recognized companies like Apple, Amazon, Netflix, and Microsoft that are leaders in their respective fields

#3. 5paisa:

5paisa Logo

5paisa is India’s fast-growing discount broker offering investing and trading services in segments including stocks, derivatives (F&O), and currency. 5paisa trading account is backed by the experience and technology developed by its parent company IIFL for over 20 years in the retail broking industry.

5paisa offers trading services under a simple brokerage plan. Customers can trade across the segments for a flat rate of Rs 20/order in Optimum Plan and Rs 10/order in Platinum Plan and Free Equity Delivery in Titanium Plan. This saves up to 90% compared to traditional brokers who charge brokerage fees in % of the total turnover.

5paisa brokerage charges:

  • Demat account opanning: Rs 0
  • Equity Delivery Trades: Rs 20/order
  • Intraday Trading: Rs 20/order
  • Futures and Options: Rs 20/order

Benefits of 5paisa Free Demat Account:-

  • Flat fee per order
  • Get free access to superior research products like Swing Trader, Smart Investor, Smallcase , Portfolio Analyser, Sensibull with our pricing plans.
  • No matter what’s your choice- web, mobile or desktop, enjoy 5paisa’s cutting edge, fast and more importantly stable platforms for trading.
  • you can trade in all segments
  • Enjoy trading with an All-in-One Account

#4. Motilal Oswal:

Motilal Oswal Logo

Founded in 1987, Motilal Oswal Securities Limited is a Mumbai-based full-service brokerage company. Motilal Oswal was the first company to offer paperless trading and Demat account opening.

It offers a range of financial services to its customers, including trading, investment banking, asset management, and wealth management.

Besides trading services, Motilal Oswal is known for its solid research and advisory services. The company has dedicated research teams for large-cap, mid-cap & technical analysis

Motilal Oswal brokerage charges:

  • Demat account opening: Rs 0
  • Equity Delivery Trades: from 0.15% to 0.50%
  • Intraday Trading: from 0.015% to 0.05% (both side)
  • Futures and Options: from Rs 25 to Rs 100 per lot (both side)

Benefits of Motilal Oswal Free Demat Account:

  • Customized Investment plans with one click investment
  • Complete Portfolio View Across all Asset Classes
  • Intelligent Auto Filled SIP Form with 1-click Invest
  • Get in-depth Stock or Scheme Analysis and Recommendations

#5. Sharekhan:

Sharekhan logo

Sharekhan is a popular full-service broker. It offers several products, trading software, and add-ons that are designed for a wide range of customers, including beginners, active traders, and customers who are not tech-savvy.

Sharekhan also has an excellent online trading platform for customers who would like to trade by themselves. Sharekhan Mobile App is a powerful trading tool used by most of its customers.

Sharekhan investor training programs are among the best in the industry. They offer multiple online and classroom training programs to bring you up to speed.

Sharekhan has a dedicated research team. They provide trading tips, research, recommendations, technical and fundamental analysis.

Sharekhan brokerage charges:

  • Demat account opanning: Rs 0
  • Equity Delivery Trades: 0.50% or 10 paise per share or Rs 16 per scrip whichever is higher.
  • Intraday Trading: 0.10% on the buy side.
  • Futures and Options: 0.10%

Benefits of Sharekhan Free Demat Account:

  • FREE research coverage across all segments
  • 1 year FREE access to TradeTiger, our desktop trading platform
  • FREE access to Sharekhan Classroom
  • Guidance from experienced Relationship Managers
  • Customisable trading and investing pricing plans
  • FREE access to our dedicated Futures & Options (F&O) team

#6. Groww

Groww Logo

groww launched by the former Flipkart employees, Harsh Jain, Lalit Keshre, Ishan Bansal, and Neeraj Singh in December 2017, it is the fastest-growing investment platform in India.

In the early time, groww only provides mutual fund investment options with zero commission but in the year 2020, grow lunch discount broking service with a flat brokerage fee.

Groww brokerage charges:

  • Demat account opanning: Rs 0
  • Demat account AMC: Rs 0
  • Equity Delivery Trades: Rs 20 or 0.05 (whichever lower).
  • Intraday Trading: Rs 20 or 0.05 (whichever lower)
  • Futures and Options: Rs 20 or 0.05 (whichever lower)

Benefits of Groww Free Demat Account:

  • You don’t have to pay a single rupee for opening a stocks account or account maintenance.
  • 0% commission on mutual fund investment
  • 6.7% interest rate Open fixed deposits in any bank with higher interest rates without opening a bank account.
  • you can invent us company like Apple, Facebook, google.
  • you can invent digital gold without any commission

#7. IIFL Securities or India Infoline

IIFL Securities logo

IIFL Securities offers online trading and research-based advisory services for an entire range of financial products, including Stocks, Derivatives, Commodities, Insurance, FDs, Loans, IPO and Bonds, etc.

They have a wide network of branches spread across all major cities across India. IIFL Securities is popular among retail investors and traders for their personalized services through relationship managers and a network of branches.

IIFL Securities brokerage charges:

  • Demat account opening: Rs 0
  • Equity Delivery Trades: Rs 20 or 0.05.
  • Intraday Trading: Rs 20 or 0.05.
  • Futures and Options: Rs 20

Benefits of IIFL Securities Free Demat Account:

  • India Infoline does not charge any account opening fee.
  • You also get to enjoy zero Demat Annual Maintenance Charges (AMC) for the first year
  • With an IIFL Demat account, you can trade or invest in equities, mutual funds, IPOs, derivatives, or commodities via a single Demat account.
  • The award-winning research team at India Infoline gives the best investment recommendations to maximize investor’s profits.
  • India Infoline offers an all-inclusive trading platform to investors for seamless trading. Access the platform via the dedicated IIFL Markets App or Trader Terminal online.
IIFL Securities Banner

Conclusion

Nowadays, in Indian stockbroking industry are more competitive. Every stockbroker wants to acquire more customers. So they give a more attractive offer compared to a comparator.

You only need to find the right demat account provider; they give you the best service for a long time.

In our recommendation, you must go whit upstox, Angel Broking or IIFL Securities because they proved the Best free Demat Account in India, and broking charges are very low.


Best free Demat Account in India FAQs

  • What is a demat account?

    A Demat account is an account used to hold the securities in dematerialized form.
    The concept was first introduced in India in 1996 when the physical share certificates were converted into electronic form to be stored in the Demat account. The Demat account holds shares, mutual funds, bonds, exchange-traded funds, and government securities.

  • Which is the best free Demat account?

     In India, upstox, Angel BrokingIIFL Securities, and Groww are proved the Best free Demat Account service.

  • How to open free Demat Account online?

    to open a free Demat Account, you need to follow the following steps:

    Visit the stockbrokers’ website site.
    Enter your Name, PAN Number, Mobile number.
     Add your Bank Details.
    Upload KYC documents, Proof of Address and Proof of Identity.
    E-Sign the form through Aadhar linked mobile number
    After verification, your account is open in five minutes.

  • Which is the cheapest free demat account in India?

    Upstox, 5Paisa, Angel broking, and IIFL Securities are the cheapest free demat accounts in India.

Leave a Comment

Your email address will not be published. Required fields are marked *

Invest in stocksBecome a part-owner of your favorite companies and Get:
  • Invest as low as ₹1
  • Easy, fast & simple interface
  • ₹0 Brokerage on Stock investments (Delivery orders)
  • ₹20 Intraday and F&O trades
Scroll to Top