Lifetime Free Demat Account (AMC Free)

Lifetime Free Demat Account (AMC Free, No AMC, Zero AMC)

Opening Demat account is the first step towards investing in the stock market, mutual funds, IPO and NCD's in India.

In layman terms; the Demat account is similar to a bank account. The major difference is; instead of keeping the money, you keep shares, mutual funds or bonds in electronic format in Demat account. Keeping stocks and Mutual Funds in the demat account has many advantages including higher security and faster transactions.

Demat AMC is an annual maintenance charge paid by the customer to keep the account active. Even if you use it or not, as long as you hold the demat account, you have to pay the AMC.

AMC Free Demat Account

Some broker in India offers Free AMC Demat Account. Customer doesn't have to pay any yearly charges under this scheme. Some conditions may be applied including onetime fee at the time of account opening or refundable deposits. Check with the broker for more detail.

Lifetime Free Demat Account

Demat accounts which are offered free of AMC for a lifetime of the account. These accounts are the best demat account for beginners as it reduces the cost. Brokers who offer Lifetime Demat Account usually ask for a onetime fee or a small refundable deposit of say Rs 1000.

Open Free AMC Demat Account Online

The first steps towards open demat account free online is to find an appropriate broker to suit your investment needs. The below list provides the broker offering lifetime free demat account. Click on the broker name below to read broker review. Fill the inquiry forms to request the callback from the broker.

Lifetime Free Demat Account (Demat Account without AMC)

Broker Demat Account Opening Fee Demat Account AMC Request Callback Review
ProStocks Rs 0 (Free) Rs 0 (Lifetime Free) Open Online Account ProStocks Review
VenturaRs 0 (Free)Rs 0 (Lifetime Free)Ventura Review
FinvasiaRs 0 (Free)Rs 0 per year (Lifetime Zero AMC)Finvasia Review
TrustlineRegular: Rs 0, Lifetime Free AMC: Rs 1000Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0Trustline Review
ProstocksRs 0 (Free)Rs 0 (Lifetime Zero AMC)Open Account Prostocks Review
GCL SecuritiesRs 0 (Free)Rs 300 per year or Lifetime free AMC for Rs 1250GCL Securities Review
RMoneyRs 0 (Free)Rs 0 for lifetime (Free)RMoney Review
iTradeOnlineRegular: Rs 0, Lifetime Free AMC: Rs 1000Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0iTradeOnline Review


  • Prostocks charges Rs 1000 refundable security deposit for lifetimes free demat account. The Rs 1000 is refunded to you when you close the demat account.


4. Kalyan   I Like It. |Report Abuse|  Link|May 5, 2022 11:50:57 AMReply
I want to open a demat a/c in Shree Bahubali stock broking limited. Will it be correct decision?
4.1. Mouli   I Like It. |Report Abuse|  Link|Sep 10, 2022 10:18:02 AM
Go for long years working brokerage
3. loka chandra babu   I Like It. |Report Abuse|  Link|Jul 17, 2021 12:09:39 PMReply
0 brokerage charges and free dmat account life time validity any app there sugest me
3.2. Prabhat   I Like It. |Report Abuse|  Link|Nov 25, 2021 5:32:25 PM
Use grows app they have zero charges for both.
3.3. Yogesh kumar   I Like It. |Report Abuse|  Link|Apr 28, 2022 2:19:19 PM
Groww is best of all
2. Praful patel   I Like It. |Report Abuse|  Link|Jul 21, 2021 8:07:50 PMReply
Can I open demate & trading account for minor for applying in IPO
1. Kartik Padia   I Like It. |Report Abuse|  Link|Mar 2, 2021 5:56:53 PMReply
Hi, Is there any "life time zero AMC" kind of Demat Account for NRI. I am NOT concern about trading. I wish to use for IPO applications only hence only DEMAT account is my need but trying to find out ZERO AMC for lifetime for NRI. Any help guidence is much appreciated.
1.1. Team Chittorgarh.com   I Like It. |Report Abuse|  Link|May 12, 2021 12:41:59 PM
ProStocks.com offers a lifetime-free AMC demat account for NRI clients with a one-time refundable deposit of Rs 1000.