With whom can we open a free demat account for shares trading in India and Why?

asked

Brokers in India are classified into two types based on the services they offer and the fee they charge:

  1. Full-service Broker (Top 10 Full-service Brokers)
  2. Discount Broker (Top 10 Full-service Brokers

Here is the list of companies where you can open a free demat account. These platforms offer free demat accounts with no account opening fees or account maintenance charges, making them an attractive option for investors looking for a low-cost solution.

Broker

Demat Account Opening Fee

Demat Account AMC

Prostocks

Rs 0 (Free)

Rs 0 (Lifetime Free)

5paisa

Rs 0 (Free)

Rs 0 holding value is less than Rs 50,000 & up to 1 Demat account

Dhan

Rs 0 (Free)

Rs 0 (Lifetime Free)

Upstox

Rs 0 (Free)

Rs 0 AMC

Groww

Rs 0 (Free)

Rs 0 (Free)

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With whom can we open a free demat account for shares trading in India and Why?