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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
1	ICICIdirect	Rs 0 (Free)	Rs 300 (from 2nd year)	0.55%	1,952,592	Open Account
2	HDFC Securities	Rs 999	Rs 750	0.50%	977,645	Open Account
3	Kotak Securities	Rs 750	Rs 600	0.49%	844,627	Open Account
4	AxisDirect	Rs 900	Rs 650	0.50%	466,309	Open Account
5	SBI Securities	Rs 850	Rs 350	0.50%	354,229	Open Account
6	IDBI Capital	Rs 500	Rs 450	0.50%	55,300	Open Account
7	Yes Securities	Rs 999	Rs 500	0.45%	21,726	Open Account

Note:

Almost all large banks offer demat account services.
Banks works as an intermediately between the customer and depository (CDSL and NSDL).
CDSL and NSDL are two authorized companies who actually held your demat account.
The 3-in-1 account offered the banks are very similar in terms of offerings. Their brokerage changes may be different.
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.

2 Comments

2. Ankit singhal Jul 9, 2021 15:54

Which company has the lowest amc charges

2.1. Amaan Sep 2, 2021 13:13

Groww has no AMC charges

1. T n Sharma Jul 2, 2020 09:10

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 May 12, 2021 12:52

Dear Sir,
You should consider opening a Lifetime-free AMC demat account.

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