Investing in the stock market has become increasingly popular in India, and having a demat account is the first step for every investor. A demat account, short for “dematerialized account,” allows investors to hold their securities in electronic form, making trading more efficient and secure. In this guide, we’ll dive into the best demat accounts in India and help you understand which one suits your needs.
What Makes a Demat Account the Best?
Choosing the best demat account in India depends on various factors such as brokerage charges, ease of use, customer service, and added features like trading platforms and research tools. Investors, whether beginners or experienced, need to prioritize their preferences to find the perfect fit.
Top 10 Demat Accounts in India 2025
Here is the list of the top 10 demat accounts in India for 2024, based on factors like low brokerage fees, excellent platforms, and customer support:
- Zerodha Demat Account
Zerodha is one of the most popular brokers in India, especially for beginners. It offers:- Lowest brokerage charges (₹20 per trade or 0.03%, whichever is lower).
- A user-friendly trading platform called Kite.
- Excellent resources for new investors like Varsity.
- Upstox Demat Account
Upstox is another budget-friendly broker with a robust trading platform. It is ideal for those looking for:- Competitive brokerage fees.
- Advanced charting tools for technical analysis.
- Quick and seamless account opening processes.
- Angel One Demat Account
Angel One offers a mix of full-service and discount brokerage benefits. Key features include:- Comprehensive research and advisory services.
- Free delivery trading.
- A modern app with AI-based recommendations.
- ICICI Direct Demat Account
Perfect for those looking for integrated services, ICICI Direct offers:- 3-in-1 account (savings, demat, and trading).
- Wide research support for mutual funds and equities.
- Trusted name and robust customer service.
- HDFC Securities Demat Account
HDFC Securities stands out for its:- Top-notch reliability as part of HDFC Bank.
- Wide range of financial services under one roof.
- Intuitive trading platforms with excellent security features.
- Kite by Zerodha
While Zerodha dominates the space, its proprietary trading platform, Kite, adds immense value.- Lightweight design for fast performance.
- Real-time market updates and news.
- Paperless onboarding process.
- 5Paisa Demat Account
Known for affordability, 5Paisa offers:- Flat ₹20 per order fee for all segments.
- User-friendly mobile apps for easy access.
- Attractive schemes for beginners.
- Kotak Securities Demat Account
Kotak Securities provides an excellent option for those seeking:- A trusted brand in the banking sector.
- Free intraday trading for one year with certain plans.
- 3-in-1 account integration.
- Motilal Oswal Demat Account
A full-service broker, Motilal Oswal is best known for its:- Research-driven approach.
- Personalized advisory services.
- Flexible brokerage plans.
- Sharekhan Demat Account
Sharekhan has earned its reputation through consistent service and innovation:- Extensive training resources for beginners.
- Feature-packed mobile and desktop platforms.
- Great for both trading and long-term investing.
Best Demat Account with Lowest Brokerage
If low brokerage is your top priority, the following options stand out:
- Zerodha – Flat ₹20 per order and 0 delivery fees.
- Upstox – Affordable trading plans with ₹20 per order flat fee.
- 5Paisa – Cost-effective and beginner-friendly.
These brokers offer low fees while maintaining high-quality services, making them ideal for cost-conscious investors.
Best Demat Account for Beginners
New investors often prioritize ease of use, educational resources, and affordability. The best demat account in India for beginners includes:
- Zerodha: Known for its free resources like Varsity and an intuitive trading platform.
- Angel One: Offers excellent advisory services and a beginner-friendly app.
- Upstox: Its simple account opening process and educational blogs make it a favorite among first-timers.
Top 5 Demat Account Brokers in India
Here’s a snapshot of the top 5 demat account brokers in India and their standout features:
- Zerodha – Affordable pricing and excellent technology.
- Upstox – Great for advanced charting and analysis.
- Angel One – Best for advisory services and trading tools.
- ICICI Direct – Comprehensive services under one roof.
- 5Paisa – Low-cost plans for small investors.
Why Zerodha Demat Account is Popular?
The Zerodha demat account is widely recognized as one of the best options due to its:
- Transparent pricing with no hidden fees.
- Exceptional trading tools and educational resources.
- Huge user base and consistent performance.
Whether you’re a day trader or a long-term investor, Zerodha caters to everyone’s needs.
Top 10 Demat Account in India for 2024: Detailed Comparison
Here’s a quick comparison of the top 10 demat accounts in India 2024:
| Broker | Brokerage Fee | Account Opening Charges | Platform Features | Suitable For |
| Zerodha | ₹20/trade | Free | Kite, Varsity | Beginners & Experts |
| Upstox | ₹20/trade | Free | Advanced Charting Tools | Budget-Conscious Investors |
| Angel One | ₹20/trade | Free | AI Recommendations | New & Seasonal Traders |
| ICICI Direct | Higher charges | ₹975 | Research and 3-in-1 Account | Full-Service Seekers |
| HDFC Securities | Moderate | ₹999 | Wide Financial Services | Long-Term Investors |
Choosing the Right Demat Account
When selecting the best demat account in India, consider the following:
- Brokerage Charges: Ensure the cost aligns with your trading frequency.
- Ease of Use: Opt for platforms with seamless navigation and tools.
- Customer Service: A responsive support team can save you a lot of hassle.
- Additional Features: Look for research reports, advisory services, or integrated financial products.
Best Demat Account with Lowest Brokerage for 2024
Here’s why choosing a demat account with low brokerage fees matters:
- It reduces your overall trading cost.
- Ideal for frequent traders who deal in high volumes.
Top picks include Zerodha, Upstox, and 5Paisa for their budget-friendly pricing.
Top 5 Demat Account in India for Seamless Trading
If you want a no-compromise solution for smooth trading, the top 5 demat accounts in India are:
- Zerodha
- Upstox
- Angel One
- ICICI Direct
- HDFC Securities
These brokers excel in terms of reliability, performance, and features.
Final Thoughts
Selecting the best demat account in India can make a huge difference in your trading journey. Whether you’re a beginner or a seasoned investor, it’s important to analyze your needs and choose a broker that offers the right mix of affordability, tools, and support. For 2024, Zerodha, Upstox, and Angel One remain the top choices for their competitive pricing and outstanding features.
By carefully evaluating the features mentioned above, you can ensure a smooth trading experience and maximize your investment potential. Choose wisely, and happy investing!