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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
1	ICICIdirect	Rs 0 (Free)	Rs 300 (from 2nd year)	0.55%	1,905,641
2	Kotak Securities	Rs 0 (Free)	Rs 600	0.25% (Minimum Rs 20 per trade)	1,382,036	Open Account
3	HDFC Securities	Rs 999	Rs 750	0.32%	1,244,723
4	SBI Securities	Rs 850	Rs 750 (Free for 1st Year)	0.50%	966,099
5	Dhan	Rs 0 (Free)	₹0 (Lifetime Zero AMC)	Rs. 0	739,810
6	AxisDirect	Rs 900	Rs 650	0.50%	404,885
7	Fyers	Rs 0 (Free)	Rs 0 (Free AMC for Lifetime)	0.03% or Rs 20, whichever is lower	240,489	Open Account
8	Yes Securities	Rs 999	Rs 500	0.45%	74,112

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Note:

Almost all large banks offer demat account services.
Banks works as an intermediately between the customer and depository (CDSL and NSDL).
CDSL and NSDL are two authorized companies who actually held your demat account.
The 3-in-1 account offered the banks are very similar in terms of offerings. Their brokerage changes may be different.
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

| Link|December 30, 2021 9:06:21 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

| Link|December 31, 2021 6:47:52 AM

agree!!

10.2. Another user

| Link|January 31, 2024 12:40:35 AM

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

| Link|December 6, 2022 1:04:58 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

| Link|December 12, 2023 10:52:54 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

| Link|January 2, 2024 4:14:20 PM

Thank you for your message are you using BOB demat service, is there any application

8. Pannalal NAWALKHA

| Link|December 23, 2023 4:48:57 AMReply

Which one is good for small investor with day to day trading

7. Ram sagar Gupta

| Link|September 15, 2022 6:34:05 PMReply

ICICIdirect securities is not reliable

7.1. Parkash Das

| Link|December 12, 2023 10:55:34 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

| Link|October 19, 2023 2:49:53 PMReply

How the shares would be transferred in new broker account, if I change broker to save brokerage

5. Prashant Raj

| Link|May 10, 2022 6:29:24 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

| Link|February 12, 2022 4:48:09 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

| Link|February 12, 2022 6:58:57 PM

Pls ignore the above message. There was a misunderstanding.

3. Shobhanjan

| Link|November 6, 2021 12:13:55 PMReply

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

| Link|December 25, 2021 1:22:10 PM

Visit nearest CAMS office, they will guide you properly.

2. Ankit singhal

| Link|July 9, 2021 4:54:29 PMReply

Which company has the lowest amc charges

2.1. Amaan

| Link|September 2, 2021 2:13:33 PM

Groww has no AMC charges

1. T n Sharma

| Link|July 2, 2020 10:10:38 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

| Link|May 12, 2021 1:52:43 PM

Dear Sir,
You should consider opening a Lifetime-free AMC demat account.

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