Choosing the best Demat account in India is one of the most important decisions for stock market investors. A good Demat account not only helps you save brokerage and maintenance charges but also provides a smooth trading experience with advanced tools and reliable support.
In this article, we compare the top Demat accounts in India, their features, charges, and suitability for beginners and experienced investors.
What is a Demat Account?
A Demat (Dematerialized) account holds your shares and securities in electronic form. It is mandatory to invest or trade in the Indian stock market. A Demat account works together with a trading account and a linked bank account.
Factors to Consider Before Choosing the Best Demat Account
Before opening a Demat account, consider these key factors:
- Account opening charges
- Annual Maintenance Charges (AMC)
- Brokerage fees
- Trading platform & mobile app
- Customer support and reliability
Best Demat Accounts in India (2025)
1. Zerodha Demat Account
Zerodha is India’s largest discount broker and a top choice among investors.
Key Features:
- Zero brokerage on equity delivery
- Flat ₹20 brokerage on intraday & F&O
- Powerful trading platform (Kite)
- Low AMC
Best for: Beginners and active traders
2. Groww Demat Account
Groww is popular for its clean interface and simplicity.
Key Features:
- Zero account opening charges
- Free equity delivery trades
- Easy-to-use mobile app
- Ideal for long-term investing
Best for: Beginners and mutual fund investors
3. Upstox Demat Account
Upstox offers low-cost trading with fast execution.
Key Features:
- Low brokerage structure
- Advanced charting tools
- Suitable for intraday traders
Best for: Traders and market-active investors
4. Angel One Demat Account
Angel One combines technology with research support.
Key Features:
- Strong research and advisory services
- Smart trading platform
- Competitive brokerage plans
Best for: Investors who want expert research
5. ICICI Direct Demat Account
ICICI Direct is one of the most trusted names in India.
Key Features:
- Seamless bank–broker integration
- High-quality research reports
- Reliable customer support
Best for: Long-term and professional investors
Best Demat Account for Beginners
For beginners, Zerodha and Groww are considered the best Demat accounts due to:
- Low or zero brokerage
- Simple platforms
- Transparent pricing
Best Demat Account for Traders
Active traders prefer Upstox or Zerodha because of:
- Low brokerage
- Fast order execution
- Advanced trading tools
Comparison Table: Best Demat Accounts in India
| Broker | Account Opening | AMC | Equity Delivery | Best For |
|---|---|---|---|---|
| Zerodha | Free | Low | Zero | Traders & Beginners |
| Groww | Free | Free/Low | Zero | Beginners |
| Upstox | Free | Low | Low | Active Traders |
| Angel One | Free/Paid | Medium | Low | Research Investors |
| ICICI Direct | Paid | High | High | Long-Term Investors |
How to Open the Best Demat Account in India?
- Choose a broker
- Fill out the online application
- Upload KYC documents (PAN, Aadhaar)
- Complete eKYC
- Start investing
The process usually takes 1–2 days.
Conclusion
The best Demat account in India depends on your investment style and goals. Discount brokers like Zerodha, Groww, and Upstox are ideal for low-cost investing, while full-service brokers like Angel One and ICICI Direct are better for investors who want research and advisory services.