Demat account charges in India vary from share broker to share broker. Banks engaged in demat account opening typically tend to be more expensive than share broking companies. There are four major charges usually levied on a demat account: account opening fee, annual maintenance fee, custodian fee and transaction fee. However these fees are subject to change and it depends on you which broker is offering the best brokerage charges which are best suited to your investment strategies.

Different share brokers charge different amounts of money, and the banks generally charge higher than the share broking companies. There are majorly four charges levied on a demat account, but all of these are subject to change as per the broker´s choice.

Demat Account Charges

Demat Account Opening Charges

Just to make you clearer about demat account opening charges, details of demat account opening charges are explained below –

There are four types of demat account charges which are mentioned below:

Demat Account Opening Fee: A one-time fee to be paid while opening demat account. This includes stamp paper charges etc.

Demat AMC (or Demat Account Maintenance Charges): This is also known as folio maintenance charges, it is usually charged during the onset of a financial year. Some share brokers waive off this charge for the first year.

Transaction Fee: This fee is charged for debiting shares during the sale of shares from your demat account. In other words a fee applied for charged for buying or selling of shares from your demat account

Custodian Fee: This yearly fee is part of the Demat AMC and is charged in lieu of holding securities on your behalf by your DP.

Demat Account Opening in India

There are different kinds of brokers, but here we are only discussing about the brokers that provide 3-in-1 accounts. These are mainly prominent banks, which provide a savings bank account along with demat account and trading facility on NSE & BSE. You only need to open a savings bank account with them; the demat account will be linked to it. The transfer of funds in this service is seamless, and everything will be under your control, which is very crucial if you are new to stock market and trading.

Compare demat account opening charges, along with other charges, for picking the best demat account provider:

Broker Name Account Opening Brokerage Annual Maintainance
Axis Direct Rs 900 0.05% (Intraday)
0.50% (Delivery)
0.05% (Futures)
Rs 100/lot (Options)
Rs 500
Can Money Rs 200 0.03% (Intraday)
0.30% (Delivery)
0.03% (Futures)
Rs 75/lot (Options)
Rs 200
HDFC Securities Rs 999 0.05% (Intraday)
0.50% (Delivery)
0.05% (Futures)
Rs 100/lot (Options)
Rs 750
ICICI Direct Rs 975 0.275% (Intraday)
0.55% (Delivery)
0.05% (Futures)
Rs 95/lot (Options)
Rs 500
IDBI Paisa Builder Rs 700 0.1% (Intraday)
0.65% (Delivery)
0.1% (Futures)
Rs 100/lot (Options)
Rs 350
Kotak Securities Rs 750 0.05% (Intraday)
0.50% (Delivery)
0.05% (Futures)
Rs 100/lot (Options)
Rs 600
Standard Charted Rs 500 0.05% (Intraday)
0.50% (Delivery)
0.05% (Futures)
Rs 100/lot (Options)
Rs 600
State Bank of India Rs 850 0.05% (Intraday)
0.50% (Delivery)
0.05% (Futures)
Rs 30/lot (Options)
Rs 350

Demat account opening charges in India vary from share broker to share broker. Banks engaged in demat account opening typically tend to be more expensive than share broking companies.

Disclaimer: Share brokers change their brokerage charges from time to time. The above mentioned figures are hence subject to change. Please check with the current rates!