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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 Compare
1HDFC SecuritiesRs 999Rs 7500.32%1,088,561HDFC Securities Review
2AxisDirectRs 900Rs 6500.50%357,390AxisDirect Review
3Kotak SecuritiesRs 99Rs 6000.25% (Minimum Rs 20 per trade)1,179,674Open Account Kotak Securities Review
4Yes SecuritiesRs 999Rs 5000.45%69,131Yes Securities Review
5IDBI CapitalRs 500Rs 4500.50%55,285IDBI Capital Review
6SBI SecuritiesRs 850Rs 3500.50%855,994SBI Securities Review
7ICICIdirectRs 0 (Free)Rs 300 (from 2nd year)0.55%1,869,925Open Account ICICIdirect 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.

10 Comments

10. Frustrated User   I Like It. |Report Abuse|  Link|December 30, 2021 8:06:21 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


10.1. another frustrated user   I Like It. |Report Abuse|  Link|December 31, 2021 5:47:52 AM
agree!!
10.2. Another user   I Like It. |Report Abuse|  Link|January 30, 2024 11:40:35 PM
in addition to that ...they(SBI Securities) have now stopped providing mutual Fund NAV of same day...They deliberately hold investors amount for one day and use it to their advantage and provide NAV for next business day despite putting an order request for mutual funds well before the cut-off timing ....even for penny stocks...they charge min of 5 paisa as brokerages...they are totally fraud hidding behind SBI brand.
9. Ajay   I Like It. |Report Abuse|  Link|December 6, 2022 12:04:58 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
9.1. Parkash Das   I Like It. |Report Abuse|  Link|December 12, 2023 9:52:54 AM
Bank of baroda demat account is best because bob brokerage plan better than to other
You can only pay fee one time 5000 and enjoy 0.05% on delivery and intra day free and derivatives rs. 5 for exuted order
9.2. E.Thamizhselvan   I Like It. |Report Abuse|  Link|January 2, 2024 3:14:20 PM
Thank you for your message are you using BOB demat service, is there any application
8. Pannalal NAWALKHA   I Like It. |Report Abuse|  Link|December 23, 2023 3:48:57 AMReply
Which one is good for small investor with day to day trading
7. Ram sagar Gupta   I Like It. |Report Abuse|  Link|September 15, 2022 5:34:05 PMReply
ICICIdirect securities is not reliable
7.1. Parkash Das   I Like It. |Report Abuse|  Link|December 12, 2023 9:55:34 AM
Bank of baroda demat account is best plan because bob brokerage plan better than to other
You can only pay fee one time 5000 and enjoy 0.05% on delivery and intra day free and derivatives rs. 5 for exuted order
6. Sharma A   I Like It. |Report Abuse|  Link|October 19, 2023 1:49:53 PMReply
How the shares would be transferred in new broker account, if I change broker to save brokerage
5. Prashant Raj   I Like It. |Report Abuse|  Link|May 10, 2022 5:29:24 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
4. SP   I Like It. |Report Abuse|  Link|February 12, 2022 3:48:09 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.
4.1. PS   I Like It. |Report Abuse|  Link|February 12, 2022 5:58:57 PM
Pls ignore the above message. There was a misunderstanding.
3. Shobhanjan   I Like It. |Report Abuse|  Link|November 6, 2021 11:13:55 AMReply
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|December 25, 2021 12:22:10 PM
Visit nearest CAMS office, they will guide you properly.
2. Ankit singhal   I Like It. |Report Abuse|  Link|July 9, 2021 3:54:29 PMReply
Which company has the lowest amc charges
2.1. Amaan   I Like It. |Report Abuse|  Link|September 2, 2021 1:13:33 PM
Groww has no AMC charges
1. T n Sharma   I Like It. |Report Abuse|  Link|July 2, 2020 9:10:38 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 12:52:43 PM
Dear Sir,
You should consider opening a Lifetime-free AMC demat account.