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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 Acct Opening Fee Demat AMC Brokerage (Eq Delivery) Active Clients Request Callback Review
ICICI Direct₹975₹4500.55%878,884Open AccountICICI Direct Review
HDFC Securities₹999₹7500.50%650,114Open AccountHDFC Securities Review
Kotak Securities₹750₹6000.49%443,461Open AccountKotak Securities Review
AxisDirect₹900₹650₹20 per executed order389,512Open AccountAxisDirect Review
SBI Securities₹850₹3500.50%210,892Open AccountSBI Securities Review
IDBI Capital₹500₹4500.50%43,504Open AccountIDBI Capital Review
Yes Securities₹999₹5000.45%11,592Open AccountYes 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.

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