8 BEST Demat Accounts in India with Lowest Brokerage in 2024

Holding securities and assets in an electronic form has been made easier with the introduction of demat accounts. Demat accounts protect the trader’s share certificates against theft or damage while also maintaining an updated investment portfolio for better tracking.

Opening a demat account with a credible broker is crucial and this article aims to provide you with a guide to the best demat accounts in India with the lowest brokerage. 

Lowest Brokerage Charges Demat Accounts in India

If you are confused with the question of choosing a Demat account, one feature that you must consider is its brokerage charges. Here’s a list of some of the best demat account lowest brokerage that you can consider:

1. Bajaj Broking

Bajaj Broking has undoubtedly simplified trading for beginners and professionals with its demat and trading accounts. Additionally, the easy-to-use platform, low brokerage and zero hidden charges make it a viable choice. While a traditional broker may charge ₹6,000 for monthly delivery, you pay nothing with Bajaj Broking.

2. Zerodha

Traders looking for quick, effective and cost-effective options often rely on Zerodha. They charge a fee for opening a Demat account that comes with a wide range of features like a 3-in-1 Demat account and multilingual support.

3. ICICI Direct

ICICI Direct offers a customised trading experience. Traders can open a Demat account without any cost and enjoy the benefits of in-depth research-based suggestions, multiple trading plans and updated chart analysis for quick decisions. 

4. Alice Blue

Alice Blue is another reliable choice with its wide range of features and competitive brokerage charges. You can open a zero brokerage demat account and pay a minimal fee annually for maintenance.

Best Demat Accounts in India for Beginners

Take a look at the best Demat account in India for beginners:

1. Bajaj Broking

A comprehensive platform that lets traders open a demat account and trading account seamlessly. Traders are provided with customized suggestions and multiple analytical tools for data analysis. Both seasoned as well as beginner traders can find endless resources to home their trading skills and make well-informed investment decisions. The paperless account opening, seamless processing on mobile as well as the web, and affordability make Bajaj Broking an ideal choice.

2. Zerodha

Zerodha is a reliable platform for beginners as it features a user-friendly interface, educational data and tools to enable a seamless trading experience. Their extensive trading charts with over 100 indicators, profit/loss and tax reports enable the trader to make smart choices. 

3. Upstox

Beginners looking for zero brokerage charges on delivery trades can consider Upstox. In addition to this, it provided technical analysis to ease decision-making. Upstox is known for its quick order and delivery execution which are crucial features for traders in today’s world.

4. 5 Paisa

5 Paisa is a popular choice as it has a simple mobile application allowing a quick opening of a demat account along with tutorials and webinars to enlighten beginners on matters of trade and investment choices. 

Comprehensive List of Demat Account Charges

Now that you have a fundamental understanding of the popular demat accounts and their features, here’s a comprehensive chart to help you make an informed choice:

Conclusion

Demat account opening with a platform provides a seamless experience and features like technical analysis tools, a cost-free linking of trading accounts and personalized suggestions that can kick-start your trading journey on a positive note. While choosing the demat account you must evaluate the charges associated with it diligently to avoid getting trapped in paying unreasonable hidden charges.

Read Also: How Zero Brokerage Demat Accounts Are a Game Changer for Indians