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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)

Broker Account Opening Fee Demat AMC Brokerage (Equity Delivery) Number of Clients
ICICIDirect₹975₹4500.55%855,003
HDFC Securities₹999₹7500.50%664,256
Kotak Securities₹750₹6000.49%433,599
AxisDirect₹900 (3 in 1 account)₹650 (free for 1st year)₹20 per executed order410,900
SBI Securities₹850₹3500.50%206,949
IDBI CapitalRs 500Rs 4500.50%39,926
Yes Securities₹0₹5000.45%11,241

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.



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