Introduction
If you want to invest in stocks, mutual funds, IPOs, ETFs, or bonds, opening a Demat account is the first step. A Demat account holds your securities in electronic format, making trading easier and safer.
In 2025, competition among stockbrokers in India is high, and each platform offers unique benefits like zero brokerage, advanced mobile apps, free research tools, and lifetime free Demat accounts.
To help you decide, here’s the list of the Top 10 Demat Accounts in India 2025, with their features, charges, and suitability.
How We Ranked These Demat Accounts
✔ Account Opening & AMC Charges
✔ Brokerage Fees & Hidden Costs
✔ Trading Platforms & User Experience
✔ Research Tools & Customer Support
✔ Extra Benefits (Free Research, Margin Funding, API access)
🔝 Top 10 Demat Accounts in India 2025
1. Zerodha Demat Account
- Account Opening Charges: ₹200
- AMC: ₹300/year
- Why It’s No.1:
- India’s largest discount broker
- Flat ₹20/order brokerage
- Kite mobile app (fast & reliable)
- Free equity delivery
- Best For: Low-cost trading & long-term investors
2. Upstox Demat Account
- Account Opening: Free
- AMC: ₹150/year
- Highlights:
- Backed by Ratan Tata
- Zero brokerage on delivery trades
- ₹20/order for intraday & F&O
- Advanced charting & API support
- Best For: Beginners & tech-savvy investors
3. Angel One Demat Account
- Account Opening: Free
- AMC: Free for 1st year
- Why It’s Popular:
- Full-service broker with free research reports
- Angel One Super App with AI-powered tips
- Flat ₹20/order brokerage
- Best For: Investors who want research + advisory support
4. ICICI Direct Demat Account
- Account Opening: ₹975
- AMC: ₹700/year
- Unique Perks:
- 3-in-1 account (savings + trading + demat)
- Research-backed advisory
- Wide range of investment options (FDs, bonds, IPOs, MF)
- Best For: Trusted banking & all-in-one investing
5. HDFC Securities Demat Account
- Account Opening: ₹999
- AMC: ₹750/year
- Why Choose It:
- Backed by HDFC Bank
- Seamless net banking integration
- Multiple investment products (equity, MF, IPO, NPS)
- Best For: HDFC Bank customers & traditional investors
6. Kotak Securities Demat Account
- Account Opening: Free
- AMC: ₹499/year
- Special Features:
- Zero brokerage for intraday (limited plan)
- Good research & trading calls
- 3-in-1 account with Kotak Bank
- Best For: Beginners looking for low brokerage
7. Groww Demat Account
- Account Opening: Free
- AMC: Zero
- Why It’s Trending:
- Simple app for beginners
- Zero commission on mutual funds
- Easy IPO & ETF investing
- Best For: New-age investors & mutual fund lovers
8. 5paisa Demat Account
- Account Opening: Free
- AMC: ₹300/year
- Why It’s Useful:
- Lowest brokerage – ₹10/order
- AI-driven stock recommendations
- Free mutual fund investing
- Best For: Budget-friendly investors
9. Motilal Oswal Demat Account
- Account Opening: Free
- AMC: ₹400/year
- Highlights:
- Best for long-term wealth building
- Free daily research & advisory reports
- Lifetime free plan (on conditions)
- Best For: Investors who want expert advice
10. Sharekhan Demat Account
- Account Opening: ₹750
- AMC: ₹400/year
- Why It’s Still Relevant:
- Trusted brand with 20+ years legacy
- Strong research team
- Dedicated relationship managers
- Best For: Traditional investors & advisory-based trading
Conclusion
The Top 10 Demat Accounts in India 2025 cater to every type of investor—whether you want low brokerage (Zerodha, Upstox, 5paisa), bank-backed trust (ICICI, HDFC, Kotak), or beginner-friendly apps (Groww, Angel One).
👉 Pro Tip: If you’re new to investing, start with Groww or Upstox. If you need research-backed advisory, choose Angel One or Motilal Oswal. For serious traders, Zerodha remains the best choice.
FAQs on Best Demat Accounts in India 2025
Q1. Which is the No.1 Demat account in India 2025?
Zerodha is considered the best overall Demat account for low-cost trading.
Q2. Which Demat account is best for beginners?
Groww and Upstox are beginner-friendly due to simple apps and zero AMC.
Q3. Which Demat account has the lowest brokerage?
5paisa charges only ₹10/order, making it the cheapest.
Q4. Which is the safest Demat account in India?
ICICI Direct, HDFC Securities, and Kotak Securities are trusted bank-backed options.
Q5. Can I open multiple Demat accounts?
Yes, you can open multiple accounts with different brokers, but charges apply.
Q6. Which Demat account is free for lifetime?
Groww offers zero AMC Demat account, making it lifetime free.
Q7. Which account is best for mutual fund investing?
Groww and Zerodha Coin are excellent for commission-free mutual funds.
Q8. Which Demat account gives free research reports?
Angel One, Motilal Oswal, and Sharekhan provide free research reports.
Q9. Which is better Zerodha or Upstox in 2025?
Zerodha is better for experienced traders, Upstox is easier for beginners.
Q10. Can I open a Demat account without a PAN card?
No, PAN card is mandatory for opening a Demat account in India.
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