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Bank Demat Account Charges Comparison

All nation banks in India offer demat account. They call it 3-in-1 Account which is a combination of a Saving Bank Account, a Trading Account and a Demat Account.

The 3-in-1 account makes it extremely easy for beginners and casual investors to invest/trade in the stock market. All the transaction between these accounts is seamless, the back office is integrated into the trading website/mobile app and a wide range of financial products are available under one roof.

Banks usually charge higher brokerage, account opening fees and Demat Account AMC. Despite their high charges, they continue growing customer base. This is because there reach to the customer through branches, well-integrated banking and investment services and easy stock market investment through the 3-in-1 account.

Let's compare the bank's demat account and find out the best bank to offer demat account in India.

Bank Demat Account Charges (3-in-1 Account Charges)

Rank Broker Acct Opening Fee Demat AMC Brokerage (Eq Delivery) Active Clients Request Callback Review
1ICICIdirectRs 0 (Free)Rs 300 (from 2nd year)0.55%3,194,834Open Account ICICIdirect Review
2Kotak SecuritiesRs 0 (Free)Rs 6000.25% (Minimum Rs 20 per trade)1,267,424Open Account Kotak Securities Review
3HDFC SecuritiesRs 999Rs 7500.32%1,173,032HDFC Securities Review
4SBI SecuritiesRs 850Rs 3500.50%653,825SBI Securities Review
5AxisDirectRs 900Rs 6500.50%412,201AxisDirect Review
6IDBI CapitalRs 500Rs 4500.50%72,344IDBI Capital Review
7Yes SecuritiesRs 999Rs 5000.45%31,626Yes Securities Review

Note:

  1. Almost all large banks offer demat account services.
  2. Banks works as an intermediately between the customer and depository (CDSL and NSDL).
  3. CDSL and NSDL are two authorized companies who actually held your demat account.
  4. The 3-in-1 account offered the banks are very similar in terms of offerings. Their brokerage changes may be different.
  5. You should open the demat account with the bank you have your account with. This makes it easy for you to transact and get customer service.

8 Comments

8. Ajay   I Like It. |Report Abuse|  Link|Dec 6, 2022 1:04:58 PMReply
Beginner in share market.Don' know much. I got HDFC dmat opened 10yrs back. Now want to do shares should I open another dmat ac in upstox/zerotha due to brokerage
7. Ram sagar Gupta   I Like It. |Report Abuse|  Link|Sep 15, 2022 6:34:05 PMReply
ICICIdirect securities is not reliable
6. Prashant Raj   I Like It. |Report Abuse|  Link|May 10, 2022 6:29:24 PMReply
Try Kfintech for smooth experience -

Platform that allows you to open demat account from various broking houses, Apply for IPO’s track your investments in equity all at one place

https://ipo.kfintech.com/signIn
5. SP   I Like It. |Report Abuse|  Link|Feb 12, 2022 4:48:09 PMReply
Upstox charges Rs.18.5 (plus taxes/GST) PER SCRIP for SELL (delivery) transactions as DEMAT charges. This is way too exorbitant especially for small retail investors (and for those buying less-value stocks). Is there any other economical broker (depository participant) to avoid / minimize this loss/charge. Strangely the government doesn't seem to regulate such rip-off by these depository participants.
5.1. PS   I Like It. |Report Abuse|  Link|Feb 12, 2022 6:58:57 PM
Pls ignore the above message. There was a misunderstanding.
4. Frustrated User   I Like It. |Report Abuse|  Link|Dec 30, 2021 9:06:21 PMReply
SBI Sec is WORST Platform

Many issues like
1. They charge Penalty even though you have money in you PIS account
2. Penalty charged on 2 differnt dates is also are with different Percentages e. g. 1 day 1% other day 5% ++ CGST + GST
3. Buy and SELL transactions amounts does not match to Ledger
4. BEST ONE is: They also have something called NEGATIVE HOLDING even though you never transacted on that script


4.1. another frustrated user   I Like It. |Report Abuse|  Link|Dec 31, 2021 6:47:52 AM
agree!!
3. Shobhanjan   I Like It. |Report Abuse|  Link|Nov 6, 2021 12:13:55 PMReply
Recently I came to know that my late father had purchased shares of SAIL. These shares are in physical form. How to transfer these shares into my account?
3.1. niteshwarhade   I Like It. |Report Abuse|  Link|Dec 25, 2021 1:22:10 PM
Visit nearest CAMS office, they will guide you properly.
2. Ankit singhal   I Like It. |Report Abuse|  Link|Jul 9, 2021 4:54:29 PMReply
Which company has the lowest amc charges
2.1. Amaan   I Like It. |Report Abuse|  Link|Sep 2, 2021 2:13:33 PM
Groww has no AMC charges
1. T n Sharma   I Like It. |Report Abuse|  Link|Jul 2, 2020 10:10:38 AMReply
The demat account is a burden for onetime investor who wishes to stay put in it for very long time. The AMC will erode the worth even without trading.
1.1. Team Chittorgarh.com   I Like It. |Report Abuse|  Link|May 12, 2021 1:52:43 PM
Dear Sir,
You should consider opening a Lifetime-free AMC demat account.