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
1AxisDirectRs 900Rs 6500.50%460,945Open AccountAxisDirect Review
2HDFC SecuritiesRs 999Rs 7500.50%970,651Open AccountHDFC Securities Review
3ICICI DirectRs 0 (Free)Rs 300 (from 2nd year)0.55%1,847,989Open Account ICICI Direct Review
4IDBI CapitalRs 500Rs 4500.50%54,453Open AccountIDBI Capital Review
5Kotak SecuritiesRs 750Rs 6000.49%787,723Open AccountKotak Securities Review
6SBI SecuritiesRs 850Rs 3500.50%345,410Open AccountSBI Securities Review
7Yes SecuritiesRs 999Rs 5000.45%20,541Open 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.

2 Comments

Ankit singhal
2. Ankit singhal  Jul 9, 2021 15:54 I Like It. | Report Abuse Reply
Which company has the lowest amc charges
T n Sharma
1. T n Sharma  Jul 2, 2020 09:10 I Like It. | Report Abuse Reply
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.
Team Chittorgarh.com
1.1. Team Chittorgarh.com  May 12, 2021 12:52 I Like It. | Report Abuse
Dear Sir,
You should consider opening a Lifetime-free AMC demat account.








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