Partner With Us

How can I get a free demat account?

If you are interested in investing in shares, you need to get a demat account. For this you will have to go to a depository participant (DP), which could be a stockbroking firm or a bank.

You will be able to get a free demat account with many of the DPs since they waive charges in order to attract customers. So it’s always best to look around first before you open a demat account. When you can open a demat account with zero charges, why pay extra?

Other charges

Of course, you must remember that while account opening may be free, there are other costs that you may not be able to avoid. There are two such costs: one is annual maintenance charge, and the other is transaction charges.

The annual maintenance charge is a fixed fee that you have to pay each year. This could range between Rs 300 to Rs 800. Many DPs also waive annual maintenance charge for a limited period of time, like a year, as an introductory offer to new clients.

Another fee is the transaction charges, which is charged per transaction. Usually, this fee is applicable when you sell securities, and not when you buy them. Few brokers don’t charge clients for these transactions too. Otherwise, his charge is a small percentage of the value of the transaction or could be a fixed charge of around Rs. 15 to Rs. 20. Some DPs also charge a fixed fee per month instead of per order charges.

Basic services demat account

If you invest only small sums in the stock markets, do you have an option to reduce your demat costs? Yes, you do. The Securities & Exchange Board of India (SEBI), in order to safeguard the interests of small investors, issued guidelines instructing DPs to open basic services demat accounts that offered reduced rates. If you open such an account, you will not need to pay any annual maintenance charge if your equity holdings are under Rs 50,000. If your equity holdings are up to Rs 2 lakh, you need to pay only Rs 100. For debt securities, there will be no charge for holdings up to Rs 1 lakh.

How to open a demat account

You can open a demat account at any stockbroking firm or bank that is also registered as a depository participant. All you need to do is fill the account opening form and complete the KYC formalities through your Aadhaar number or Digilocker facility offered by the Government of India. Since most reputed DPs today waive charges for it, you can get a free demat account in no time at all. It’s always better to have a demat account since you will need it to buy shares and also to invest in certain debt instruments.

Disclaimer: The contents herein mentioned are solely for informational purpose and shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon.

Most Popular

  • 15 Sep 2021
  • ICICI Securities

5 Most Popular Reasons for Switching Bank

In the beginning, you would hear from them quite often. But of late, you're noticing more and more signs that it's no longer working. We are referring to your relationship with your bank. Click here to read how to recognize the red flags in your banking relationship and why it might be a good time to end the bond.

  • 15 Sep 2021
  • ICICI Securities

How Intraday Trading Works? Detailed Ideas

Intraday trading in India has been gaining momentum of late. It is no longer the option of only trade pundits.

  • 15 Sep 2021
  • ICICI Securities

What is Intraday trading? A Beginner's Guide

With the advancement of technology and increased knowledge about the stock market, trading is no more a domain dominated by stock pundits.

  • 05 Sep 2021
  • ICICI Securities

Is it Good To Invest in Cyclical Stocks?

Akin to how the pedals of a cycle go up and down as it moves forward, the share price of certain stocks goes up and down in accordance with the economic cycles a country goes through. 

  • 05 Sep 2021
  • ICICI Securities

A primer on Fixed Maturity Plans

If you happen to have some surplus funds which you don’t need for a specific period, but you don’t want to take the risk of investing this money in the stock market, you can very well put this money in a Fixed Maturity Plan or FMP. 

  • 05 Sep 2021
  • ICICI Securities

How to Choose the Best Equity Mutual Fund

You must have heard a lot about investing in mutual funds. But before jumping on this trend you need to assess a mutual fund scheme according to your goals, investment horizon, risk profile, liquidity needs and many other factors to find a suitable match. 

  • 05 Sep 2021
  • ICICI Securities

A Beginner’s Guide to Monetary Policy Tools

The Reserve Bank of India has the incredibly crucial responsibility to formulate the monetary policy. The main objective of monetary policy is to control inflation and provide a conducive environment for the country's economic growth. 

  • 05 Sep 2021
  • ICICI Securities

Buying Penny Stocks and its Risks

There is a specific category of stocks whose prices are very low and they seem to yield exponential returns. But do you know that investment in such stocks could be risky? 

  • 05 Sep 2021
  • ICICI Securities

How to Choose the Best Debt Mutual Fund?

Debt mutual funds primarily invest in fixed income securities, which include money market instruments like commercial papers, corporate bonds, treasury bills, government bonds and other instruments.

  • 05 Sep 2021
  • ICICI Securities

Tax Saving Using Section 80D

“Make your life safe and get insurance immediately”. This statement was never more relevant than the times when the pandemic threatens to wipe off the population. 

Open an Account

Sign Up for Free


Please use the mobile no registered with Aadhaar.

OTP sent to +91 1234567890

Didn’t received OTP? Resend



Get Research Backed Recommendations.

Download The app now

or Scan below QR Code To download app