Good Demat accounts to open

January 25, 2020 Finance Talk Valli Sarvani No comments

You have known about the benefits of Demat accounts in the previous article. There are some good and safe Demat accounts to open in India.

Here are some stockbrokers who offer Demat accounts:

Opening Wisdom Capital Demat account is free. Account maintenance charge is ₹500 after one year. They charge the lowest brokerage and Demat transaction fee of ₹25 per transaction. Transactions are settled fast.
HDFC Securities Demat Account is also free to open. It has a network of over 250 branches. They provide transparent services and timely information. Account maintenance charge is ₹750. A Demat transaction fee of ₹25 per transaction is charged.
Opening Angel Broking Demat account is free. It provides fundamental and technical research guidance. An annual charge of ₹450 and Demat transaction fee of ₹25 are charged. It offers loans against shares.
Zerodha offers discount broking model and one can open a Demat account with his/her Aadhaar card. Opening charges for a Demat account are ₹100. Annual maintenance is ₹300. Equity delivery transactions are free on BSE and NSE. A transaction fee is lower of 0.01% or ₹20 on the intraday equity and equity futures. ₹20 is charged on executed orders for equity options.
ICICI Direct Demat account charges are ₹100. Annual maintenance charge is ₹500. This account is useful for beginners and small investors.
Sharekhan Demat account is free to open. Annual maintenance charge is ₹450. Opening trading involves a fee of ₹750 for Classic Account and ₹1,000 for Tiger Trade account. There is no annual maintenance fee for the trading account.
5Paisa Demat account has an annual maintenance fee of ₹400 per annum. ₹10 is charged per executed orders on equities, options and futures. Trade account opening fee is ₹650 and there is no annual fee for this account.
Upstox Demat account has an opening fee of ₹150 and annual maintenance charges are ₹150. Trading account annual maintenance charge is nil. There is no equity delivery brokerage.

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