Best Demat Account in India – Top Picks for You

If you are looking to invest in the stock market, having a Demat account is the first step towards it. A Demat account serves as a digital repository that securely holds your shares and securities in electronic form, making trading easy, convenient, and secure. Choosing the right demat account is a must for a seamless investing experience.

But how do you choose the best Demat account in India? There are many options, each with its own features, fees, and benefits. How do you compare them and identify the option that best fits your needs and preferences?

Don't worry; we have got you covered. In this blog, we will help you find the Best Demat Account in India by comparing the most popular options across key parameters. We will also provide tips on opening a demat account and what to look for when choosing one.

So, let's get started!

Table of Contents

1. What Is a Demat Account and How Does It Work
2. Factors to Consider When Choosing the Best Demat Account
3. List of Best Demat Accounts in India
4. Comparison of Top Demat Accounts in India
5. Best Demat Account for Beginners
6. Best Demat Account for Traders and Investors
7. How to Open a Demat Account in India
8. Conclusion
9. FAQs

What Is a Demat Account and Why Do You Need One?

A demat account stores your stocks and securities electronically, making buying, selling, and holding investments efficient and safe. This electronic system replaced the earlier physical share certificates, reducing risks such as theft, damage, or forgery. Today, the National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL) regulate demat services in India.

Every demat account works along with a trading account. While the trading account places buy/sell orders, the demat account holds the securities. Together, they form the core of modern investing. Whether you buy ₹1,000 worth of shares or stocks worth ₹10 lakh, the demat account ensures your securities are securely recorded.

How to Choose the Best Demat Account

Before we dive into the list, here are the six factors investors compare most:

1. Account Opening & AMC Charges
   Some brokers offer zero account opening and zero AMC. Others charge ₹150–₹700 per year.
2. Brokerage Fees
   Delivery charges, intraday charges, and F&O brokerage vary widely. Flat-fee brokers (₹10–₹20 per trade) offer predictable costs; full-service brokers charge a percentage-based model.
3. Trading Platforms & Tools
   The quality of the mobile app, desktop terminal, charting tools, order types, and reliability matters, especially for active traders.
4. Research, Advisory & Learning Resources
   Premium brokers offer in-depth research and advisory support; discount brokers focus more on DIY tools.
5. Customer Support & Branch Network
   Support quality can influence your experience, especially during high-volatility periods.
6. Additional Investment Products
   US stock investing, bonds, SGBs, mutual funds, futures, options, currency, and commodities, availability varies across brokers.

These factors form the basis of our ranking.

9 Best Demat Accounts in India

1. Zerodha

Zerodha provides a Demat + trading account with transparent, low or zero brokerage rates in many segments, along with a set of modern trading/investing tools and platforms (Kite, Coin, Console, plus educational resources like Varsity). Their trading platform is widely regarded as user‑friendly and feature‑rich, suitable for both beginners and frequent traders. 

Zerodha leads with zero delivery brokerage and the Kite platform. Read the full Zerodha review for detailed insights.

Pros:

• Zero brokerage on equity delivery trades: No commission for buying & selling shares in the cash segment (delivery).
• Low brokerage for other segments: equity intraday, futures (equity/currency/commodity): Flat ₹20 (or 0.03% whichever is lower) per executed order; and flat ₹20 per order for options
   
• Tools and platform strength: Kite (desktop + mobile) offers advanced charting, order types (CNC, MIS/intraday, cover, bracket, GTT, etc.), real‑time data, and back-office, portfolio & tax reporting via Console.
   
• Direct mutual fund investments via Coin are commission-free.

Evaluate Zerodha's pros like low fees and support. Know how to use Zerodha Kite.

Cons / What to note:

• Demat account annual maintenance charges (AMC) apply depending on holding value: Under BSDA rules, holdings up to ₹4 lakh → AMC ₹0; holdings ₹4–10 lakh → ₹100/yr + GST; above ₹10 lakh → ₹300/yr + GST.
   
• Other regulatory & statutory charges always apply: Transaction charges, stamp duty, SEBI charges, GST on brokerage + transaction charges, etc. Brokerage zero doesn’t mean zero cost overall.
   
• For some special account types (NRIs, corporate, or if using the margin facility), charges and terms may vary 

2. Groww

Groww is a popular fintech‑based broker and investment platform in India that offers a paperless, zero‑fee account opening and zero‑AMC (annual maintenance) trading + demat account. It supports equity (cash, delivery & intraday), stocks, ETFs, mutual funds (direct), IPOs, and basic F&O, with transparent, flat‑fee brokerage on trades.

For investors prioritising a simple app interface and a straightforward investing experience, Groww offers a beginner-friendly demat setup. If you want to know how to use this platform, you can read How to use Groww App?'

Pros:

• Zero account‑opening charges and zero AMC: You don’t pay anything upfront to open your demat/trading account or annually to maintain it.
   
• Commission‑free investing in direct mutual funds: Groww doesn’t charge any fee for mutual fund investments (SIPs or lump-sum).
   
• Simple, beginner‑friendly interface: The mobile app and website are designed for ease of use, making Groww suitable for new investors.
   
• Support for multiple investment options: Equity cash (delivery + intraday), mutual funds, IPOs, ETFs, and (in many cases) F&O are available through Groww.

A simple investing app can reduce friction for new investors — understand Groww’s Demat account features, pricing model, and usability in the Groww review details.

Cons / What to note:

• Brokerage is not zero for equity trades or F&O: For equity delivery/intraday and F&O trades, Groww charges a flat ₹20 (or 0.05% / 0.1% — whichever is lower) per executed order.
   
• Statutory & regulatory charges still apply: Even when brokerage seems low, you will still pay transaction fees, exchange charges, GST, STT (as applicable), DP charges (on sell), stamp duty, etc.
   
• Limited advanced trading features: Some users report that Groww lacks advanced order types (like bracket orders, cover orders, complex F&O strategies) and deep research/advisory tools, compared to some full‑fledged brokers.
   
• No or limited commodity/currency derivative support: Groww may not support all derivative segments (e.g. commodity or currency derivatives may be unavailable), depending on regulatory and platform support.

3. Bajaj Broking

Bajaj Broking (subsidiary of Bajaj Finance/Bajaj Financial Securities Ltd.) provides a full‑service Demat + trading account covering equity (delivery & intraday), derivatives (F&O), as well as other segments via its platform. Their subscription‑based pricing plans allow traders or investors to choose a plan based on frequency/volume, offering flexibility and transparency.

Opening a Demat account with Bajaj Broking is a fast, hassle-free process with zero account maintenance charges (AMC), making it an appealing choice for cost-conscious investors. Backed by a highly responsive and reliable customer support team, Bajaj Broking ensures users experience seamless trading across multiple segments.

Investors looking for a full-service demat account with advisory support may find Bajaj Broking’s offerings relevant.

Pros:

• Demat account opening is free under the “Freedom Pack.”
   
• Delivery, intraday, and F&O trades are available under the plans; thus, you get access to both equity and derivatives.
   
• Under the “Professional Pack,” brokerage charges are a flat ₹10 per order (for delivery, intraday, futures & options), making it relatively low‑cost for active traders.
   
• For new users under “Freedom Pack,” there’s no subscription fee in the first year, good for first‑time investors/traders.
   
• Because the service is backed by a reputable financial group and offers a Demat + trading + MTF (Margin Trading Facility) integration, it can suit investors and traders seeking a one‑stop solution.

Traditional brokers offer bundled services but often at higher costs — Bajaj Broking review will tell you the demat account charges, research support, and service structure.

Cons / What to Note:

• Under the “Freedom Pack,” brokerage per order is ₹20 for delivery, intraday, and F&O trades, so the cost may be higher for frequent traders on the basic plan.
   
• From the second year onward, “Freedom Pack” incurs a subscription/AMC‑like charge of ₹431/year for a demat/trading account.
   
• As with all brokers, all statutory & regulatory charges still apply (transaction/turnover charges, exchange/clearing fees, STT, stamp duty, GST, etc.) in addition to the brokerage.
   
• Because the cost depends on the chosen subscription plan (Freedom vs. Professional), frequent traders must select the plan carefully; otherwise, the benefit may be limited.

4. Kotak Securities

Kotak Securities is a part of the broader Kotak Mahindra Bank group — it remains a full‑service broker offering a “3‑in‑1” integration of bank + trading + Demat, plus multiple brokerage plans. Their flexible plans cater to different types of investors/traders — from casual delivery investors to active intraday/F&O traders.

Pros:

• Multiple trading platforms are available (including web and app— e.g., their “Neo” app/terminal), and an integrated banking, Demat, and trading account enables seamless fund transfers.
   
• Under the standard brokerage plans, intraday and derivatives (F&O) brokerage is reasonably low: ₹10 per executed order for intraday and carry‑forward F&O trades.
   
• For certain plans and users (especially younger investors under 30 under the “Trade Free Youth” plan), there may be benefits: ₹0 brokerage on delivery trades is promoted for youth plan clients (though with conditions).
   
• Account opening for trading + demat is free (no upfront account‑opening fee) under most plans.
   
• Because it’s a full‑service broker, Kotak offers more products, beyond just equities and derivatives: often including commodities / other securities (depending on plan/offerings), and support for a margin‑trading facility (MTF) under certain plans.

Bank-backed brokers offer stability and integration — analyse Kotak Securities in detail, including its demat account features, pricing, and banking advantages.

Cons / What to Note:

• For many delivery trades under standard plans, charges are not zero: under the common “Trade Free Plan”, delivery trades are charged 0.20% of transaction value as brokerage (after the introductory period).
   
• The low flat‑fee (₹10) structure applies mostly to intraday and derivatives; for delivery (buy‑and‑hold) investors, percentage‑based charges may make it costlier compared with discount brokers that offer zero for delivery.
   
• Statutory, regulatory and other transaction‑level charges still apply: exchange/clearing charges, stamp duty, SEBI/turnover fees, GST, etc. Brokerage zero doesn’t eliminate these.
   
• For some plans (e.g. for users over 30, not using the youth discount), the benefits (zero‑delivery brokerage) may not apply. Plan eligibility, period, and conditions matter.
   
• As with full‑service brokers, overall costs may be higher than those of discount brokers if you trade frequently or hold delivery positions long‑term due to percentage‑based delivery brokerage, especially for high‑value trades.

5. Upstox

Upstox is a leading discount‑brokerage platform in India, offering a low‑cost, online trading and demat account that supports equities, commodities, currencies, derivatives (F&O), mutual funds, IPOs, ETFs and more. Its value proposition centres on a flat/ capped brokerage and broad access across segments via a modern app/web interface. 

Pros:

• Flat/low brokerage for most trades: Upstox uses a capped model across segments; for example, brokerage for equity delivery is capped at ₹20 per executed order.
   
• Simple pricing for intraday & derivatives: Equity intraday trades, futures (equity/currency/commodity) and options trades are charged either ₹20 per order or a small percentage (e.g. 0.05% for many futures), whichever is lower.
   
• Mutual funds, IPOs commission-free: Upstox does not charge brokerage/commission on mutual funds or IPO subscriptions.
   
• Free Account Opening; reasonable fees: Account opening (trading + demat) is free. For new users,the  first year AMC/maintenance may be free; for demat, subsequent AMC may apply depending on holdings.
   
• Wide product range & features: Supports equity cash, intraday, F&O, currency, commodity, mutual funds, IPOs, ETFs, giving users flexibility across segments.
   
• Modern online platform: Upstox’s web & app interface suits investors/traders who are comfortable with online-only platforms.

Cons / What to Note:

• Delivery trades are not free; brokerage applies. Unlike some brokers that offer free delivery trades, Upstox charges up to ₹20 per executed order for equity delivery.
   
• Statutory & regulatory charges still apply: Brokerage is only part of the cost — STT/CTT, exchange transaction fees, stamp duty, SEBI & other regulatory levies, GST, DP charges (on delivery sell), etc., all apply on top.
   
• No flat “zero‑brokerage” across the board: Because of the capped model, “zero brokerage” applies only if you have a small trade value and the %‑based charge (when used) is less than ₹20 — otherwise, ₹20/order is applied.
   
• AMC/Demat account charges may apply after the first year: While account opening is free, demat AMC or maintenance fees may apply depending on holdings and usage.
   

• Online-only model may not suit everyone: As with many discount brokers, there is limited or no physical branch or offline interaction, which may be less ideal for those who prefer in-person support or advisory.

If cost efficiency and digital-first trading matter to you, this Upstox review will help you determine whether the features meet your trading frequency and product needs.

6. 5paisa

5paisa is a discount broker in India offering online trading and investment across multiple segments: equity (delivery & intraday), derivatives (F&O, commodities, currency), mutual funds, IPOs, and more. Its core appeal is a simple, flat‑fee brokerage model and broad segment coverage, making it appealing for both traders and investors.

Pros:

• Flat ₹20 per order across almost all segments: 5paisa charges a flat ₹20 per executed order, whether it is equity delivery, intraday, futures, options, commodity or currency trades.
   
• Free account opening; low to modest AMC: Trading and demat account opening is free. Demat annual maintenance is relatively low (~₹300 per year) for many users.
   
• Mutual fund & IPO access at zero brokerage: Investments in mutual funds (direct) and IPO subscriptions via 5paisa are generally commission-free.
   
• Wide range of segments & products: Supports equity (cash & derivatives), commodity, currency, mutual funds, giving flexibility if you trade or invest across different asset classes.
   
• Digital‑first, convenient platform: Account opening is online and paperless; the mobile/web interface is designed for simplicity, attractive for tech‑savvy users and beginners.

 

Cons / What to Note:

• Flat ₹20 per order may not always be the lowest-cost for large trades: For big delivery trades, a percentage‑based or zero‑brokerage model may be more economical; a flat fee is beneficial primarily if the trade value is high or trades are frequent.
   
• Statutory & regulatory charges still apply: Brokerage is only one part — you must still pay exchange transaction charges, stamp duty, STT/CTT, GST, SEBI turnover fees, DP charges, etc.
   
• Demat AMC/holding-value-based charges for large holdings: While account opening is free, demat AMC depends on holdings. For holdings beyond certain thresholds, monthly/quarterly demat maintenance charges apply.
   
• Call & trade, pledge/Unpledge, and some other services have extra charges: These include additional per-order charges or fees for non‑standard services.
   
• May be less attractive for passive long-term investors with small portfolio value: For small delivery portfolios or occasional investors, flat ₹20 per order might be higher relative to brokers offering free delivery or percentage‑based brokerage.

If you trade often and want predictable costs, review the 5paisa broker, Demat account features, limitations, and pricing tiers in detail.

7. HDFC Securities

HDFC Securities, part of HDFC Bank,  remains a prominent full‑service broker offering a comprehensive 3‑in‑1 (or 4‑in‑1) integration of banking + trading + Demat (and savings/current account) for convenience. Through its newer platform HDFC SKY (and legacy trading terminals/apps), the broker gives access to a wide array of investment/trading products, backed by its research team and traditional full‑service features. 

Pros:

• Wide range of investment/trading options: HDFC Securities (via HDFC SKY or legacy platforms) supports equities (cash/delivery & intraday), derivatives (futures & options), currency derivatives, commodities (via MCX), mutual funds, IPOs, ETFs, bonds/NCDs, and other instruments. 
• Integrated 3‑in‑1 / 4‑in‑1 account structure. You can link your HDFC Bank savings/current account + Demat + trading account in one interface, enabling seamless fund transfers and easy settlement.
   
• Multiple platforms & order types: Offers different trading terminals/apps/web portals and supports features like derivatives trading, online IPO/ASBA, and other investment tools, combined with access to research reports and advisory support (especially for long-term investors).
   
• Flexibility for different types of investors: From casual investors to more active traders, HDFC gives options (via multiple product segments) to suit various needs, including commodity trading (MCX), derivatives, mutual funds, etc.

Cons / What to Note:

• Delivery‑trade brokerage is percentage‑based (not flat/zero): For equity delivery trades, HDFC Securities does not follow a flat-fee model. Instead, brokerage is charged as 2.5% of the transaction value or ₹20 per trade, whichever is lower (subject to plan-specific minimums/maximums).
  Because the fee is percentage-linked but capped at ₹20, the effective cost may be higher than that of discount brokers on very small trades, but it can be comparable or lower for larger trades.
   
• Costs can add up for frequent trades or small value trades: Because of the percentage-based brokerage on delivery and other charges (exchange/clearing fees, regulatory charges, stamp duty, GST, etc.), HDFC may be less cost‑effective than discount brokers for traders/investors doing frequent small trades.
   
• Premium features, advisory, margin/MTF may have additional costs or conditions: While full‑service and research support are strengths, those come at a higher cost compared to discount brokers, potentially making HDFC more suited for investors willing to pay for service and convenience.

Premium banking-backed brokers focus on service depth — review HDFC Securities Demat account charges, research access, and service model.

8. Axis Direct

Axis Direct — the broking arm of Axis Bank — offers a “3‑in‑1” (or integrated) account for banking + Demat + trading, and supports a broad array of investment and trading segments: equities (cash & delivery/intraday), futures & options, commodities, mutual funds, IPOs, etc. Their model is plan‑based: you choose a brokerage plan based on your trading frequency/volume, which then determines your brokerage rates and fees.

Pros:

• Wide coverage across segments: Equity delivery & intraday, derivatives (equity, commodity, currency), commodities, mutual funds, IPOs, and more are supported.
   
• Flexible brokerage plans: Axis Direct offers multiple tiered plans to suit different kinds of investors/traders. Depending on the plan chosen, brokerage rates vary, allowing a more tailored cost structure.
   
• No account‑opening fee for trading/Demat account (in most plans): Users can open their account online with no upfront charge.
   
• Integrated banking, Demat, trading account (via Axis Bank link): This makes fund transfers, settlement and account management simpler for those already banking with Axis Bank.
   
• Access to commodities, derivatives and newer segments: Besides equity, Axis Direct supports commodities & commodity futures/options for eligible users.

Cons / What to Note:

• Delivery‑trade brokerage is percentage‑based (not flat/zero): Under the basic plan, equity delivery brokerage is 0.50% (per leg), which is significantly higher than flat‑fee or zero‑brokerage discount brokers.
   
• Costs & fees depend heavily on plan and trading volume: The “flat/low‑cost” benefit kicks in only if you opt for a higher‑tier plan (paid upfront or via subscription). Lower plans may end up expensive for frequent trades.
   
• Annual maintenance charges (AMC) apply on Demat/trading account: For many accounts, AMC is around ₹750/year (or as per holding value / plan).
   
• Statutory, regulatory, and transaction-level charges remain: Stamp duty, exchange & clearing fees, STT/CTT, GST, demat debit/credit charges, pledge/unpledge charges, etc., all apply over and above brokerage.
   
• Plan‑specific fine print/conditions: Some plans require a minimum number of quarterly trades or a linked Axis Bank account; otherwise, standard (higher) brokerage may apply.

Integrated banking and trading can simplify investing — understand Axis Direct Demat account structure, brokerage rates, and service scope.

9. Angel One

Angel One offers a Demat + trading account that blends elements of a full-service broker with discount-style pricing, supported by a strong digital ecosystem. It provides access to equities, derivatives, commodities, currencies, mutual funds, IPOs, and ETFs through its proprietary platforms, such as Angel One App and Angel One Web. The platform is designed to cater to both beginners and active traders, combining ease of use with research, advisory tools, and automation features like smart orders and portfolio insights.
Read about how to use the Angel One App.

Pros:

• Zero brokerage on equity delivery trades, in line with the industry’s discount-broker trend.
   
• Competitive brokerage in other segments: Equity intraday, futures, and options are charged at flat ₹20 per executed order (or the applicable percentage, whichever is lower, as per plan).
   
• Strong platform ecosystem: The Angel One App and web platform provide real-time data, advanced charts, multiple order types (delivery, intraday, bracket, GTT, etc.), portfolio analytics, and integrated research calls.
   
• Access to value-added services such as smart APIs, personalised recommendations, IPO applications, and mutual fund investments from a single interface.

Cons / What to note:

• Demat account annual maintenance charges (AMC) apply: Under BSDA norms, holdings up to ₹4 lakh → AMC ₹0; ₹4–10 lakh → ₹100 per year + GST; above ₹10 lakh → ₹300 per year + GST.
   
• Regulatory and statutory charges are unavoidable: Exchange transaction charges, SEBI fees, stamp duty, and GST on brokerage and transaction charges still apply.
   
• For certain user categories (NRIs, corporate accounts, or margin-based trading facilities), the brokerage structure, margins, and additional costs may differ from those for standard retail accounts.

Hybrid brokers combine digital tools with advisory support — review Angel One Demat account charges, platforms, and trading features.

Here is the Comparison Table

Broker	Account Opening Fee	AMC / Demat Maintenance*	Equity Delivery Brokerage	Equity Intraday / Trade-by-Trade Brokerage
Zerodha	₹0 (free)	₹0 if holdings ≤ ₹4 lakh (BSDA); ₹100/year for holdings ₹4–10 lakh; ₹300/year for holdings > ₹10 lakh	₹0 (free)	₹20 per order or 0.03% of trade value — whichever is lower
Groww	₹0 (free)	₹0 AMC as per most sources	Free / capped-fee (often ₹20 or %-based, depending on plan/segment)	₹20 per order (or lower of ₹20 or %-based)
Upstox	₹0 (free)	First year free; then modest AMC (varies by plan / BSDA eligibility)	₹0 or flat-fee model under many plans	₹20 per order or capped-fee model for intraday/derivatives
5paisa	₹0 (free)	~₹300/year (standard plan; holding-based variations possible)	₹20 per order (flat) under standard plan	₹20 per order flat (or plan-based discount)
Kotak Securities	₹0 (free sign-up under many plans)	BSDA / holding-based AMC; varies by plan	Percentage-based (not flat) delivery brokerage	Intraday brokerage varies by plan; can be competitive for high-volume traders
HDFC Securities	Often small fee / plan-based (varies)	~₹750/year (standard plan)	Percentage-based delivery brokerage (higher than discount brokers)	Intraday and other trades are plan-based; generally higher than flat-fee brokers
Axis Direct	Generally free sign-up under many plans	Plan- and holding-based; typically higher than discount brokers	Percentage-based delivery brokerage (not flat/zero)	Plan-based intraday/derivatives brokerage; less cost-efficient for small, frequent trades
Angel One	₹0 (free)	₹0 for BSDA-eligible accounts; otherwise ~₹240/year (plus GST)	₹0 (free)	₹20 per order or 0.25% of trade value — whichever is lower

AMC = Annual Maintenance Charge for Demat/trading account;  lower or waived in many discount‑broker plans if holdings are small (BSDA), but varies among brokers.

Choosing the best Demat account requires side-by-side comparison — compare brokers to assess brokerage charges, features, and account suitability.

Best Demat Account for Beginners

If you are new to investing, look for a broker that offers:

• Zero account maintenance charges
• Intuitive mobile app
• Minimal brokerage charges
• Educational resources
• Strong onboarding support

Groww and Bajaj Broking are among the best for beginners due to simple interfaces and low costs.

Best Demat Account for traders

Active traders require:

• Fast platforms
• Low intraday/F&O charges
• Advanced charting
• Reliable order execution
• Margin availability

Zerodha, Upstox, and Dhan are preferred among traders.

How to Open a Demat Account

Opening a demat account is simple and fully online. The usual process takes 10–15 minutes.

1. Visit the broker’s website and begin the onboarding process.
2. Provide mobile number and email verification.
3. Upload Aadhaar, PAN, cancelled cheque, and signature.
4. Complete IPV (In-Person Verification) via video.
5. E-sign the form using Aadhaar OTP.
6. Your demat account gets activated within 24 hours.

Conclusion

If you want to invest in the stock market, it's important to have a Demat account. However, choosing the best option can be overwhelming given the many options available in India. Don't worry! You can visit Finology Select today, compare brokers, and receive help opening your account. This way, you can confidently take your first step towards investing in the stock market. Remember, before investing, it's essential to assess your goals, conduct thorough research, and choose the account that best suits your needs.

If none of the listed brokers feel right, browse all available top broker providers to broaden your shortlist.

Frequently Asked Questions

1. What are the top 10 Demat accounts in India?

The top 10 Demat accounts in India are:

1. Zerodha
2. Upstox
3. Angel One
4. ICICI Direct
5. Groww
6. HDFC Securities
7. Kotak Securities
8. Sharekhan
9. Motilal Oswal
10. 5paisa

These accounts are popular for their user-friendly platforms, competitive brokerage charges, and extensive research tools.

2. Which Demat account is best in India?

Groww and Bajaj Broking offer simple onboarding, zero AMC, and beginner-friendly interfaces, making them great choices for new investors.

3. What is the cheapest demat account in India?

Bajaj Broking and Groww offer zero AMC and zero account opening charges, making them among the cheapest demat accounts.

4. What is the best trading account in India?

The best trading account in India is Zerodha, known for its low-cost structure and excellent trading tools like Kite. However, Upstox is another great choice for traders seeking advanced charting and analytics at affordable prices.

5. Which is the best platform to open a Demat account?

The best platform to open a Demat account is Groww if you're a beginner looking for a simple and intuitive interface. For active traders, platforms like Zerodha Kite and Upstox Pro offer advanced tools and high performance.

6. Which is the best free Demat account in India?

Groww, Zerodha and Shoonya offer free account opening, making them ideal for cost-conscious investors seeking reliable, feature-rich services.

7. Is AMC mandatory for demat accounts?

No. Brokers like Groww, Bajaj Broking, and Dhan offer zero AMC accounts.

8. Which demat account is safest?

Full-service brokers like HDFC Securities and Kotak Securities offer strong regulatory compliance and secure banking integration.

9. Can I open multiple demat accounts?

Yes, SEBI allows investors to open multiple demat accounts with different brokers.

10. Do NRIs have different demat account rules?

Yes, NRIs must open NRE/NRO-linked demat accounts. Brokers like Kotak, Zerodha (via partners), and ICICI Direct support NRIs.

11. Does every demat account support IPO investment?

Most brokers support IPO applications via UPI, but some may not provide detailed tracking tools.

12. What is the main keyword for this guide?

This article is written to help users find the best demat account in India based on updated comparisons.