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5 best Demat accounts to start trading in India

by Shatakshi Gupta

Stocks, bonds, government securities, and exchange-traded funds (ETFs) are now held in “Dematerialized” form in Demat accounts. Storing financial securities in Demat accounts protects them while allowing for quick, easy, and painless online transactions/trades. You will need a good Demat account that is reliable, secure, and meets the needs of all customers.

There are numerous Demat account providers in India, making it difficult to choose one. The following is a curated list of the Top Demat Account in India to start trading, along with their features, advantages, disadvantages, key specifications, pricing, and website links.


Zerodha has focused on leveraging technology to improve the user experience. Its Demat account can be used with three mobile apps to meet the needs of different users. They are one of the best Demat accounts in India because of the attention to detail they put into their services.

Zerodha’s user interfaces are loaded with features and designed with simplicity and functionality in mind. They have expanded significantly to become one of India’s best Demat accounts. Zerodha became India’s first discount broker in 2010. With a Zerodha Demat account, you can trade stocks, equity futures and options, currency futures and options, commodities futures and options, bonds, and government securities. Zerodha also offers a 3-in-1 Demat account in collaboration with IDFC Bank.

Zerodha Features:

  • It can be used as a 3-in-1 Demat account that is linked to your IDFC First bank account.
  • It supports many regional languages in multiple languages.
  • Zerodha provides extensive trading charts with over 100 indicators.
  • The trading account includes detailed profit/loss, tax, and portfolio reports.
  • Bonds and government securities can be traded using the trading account.


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Customers of Upstox can take advantage of a variety of tools to better manage their Demat account and act quickly. It has some of the lowest brokerage costs among all Demat accounts, making it relatively inexpensive.

When it comes to customer service, Upstox is one of the best Demat accounts in India. Their customer service is knowledgeable, experienced, and approachable, and they can solve customers’ problems in almost no time.

You can benefit from a 3-in-1 Demat account that is integrated with your IndusInd Bank account. It provides robust notifications and alerts to keep you up to date on the latest developments in your trading account portfolio, business, and market, making it the best Demat account in India.

Upstox Features:

  • Online money transfers are simple and quick, with support for no-cost UPI transactions.
  • Account opening is quick and free of charge.
  • Simple to use It is accessible from anywhere in the world thanks to web UI.
  • Use Universal Search to quickly find top stocks.
  • Order execution and delivery times are the quickest.

ICICI Direct

The user interface of ICICI Direct can be easily customised to meet the needs of the user, making it one of the best Demat accounts in India in terms of usability. They offer a 3-in-1 Demat account experience in which your ICICI Direct Demat account is integrated with your ICICI Bank account.

Customers can select from a variety of plans based on their specific requirements. It is an excellent option for existing ICICI Bank customers. Customers who have an ICICI Direct Demat account can easily access other ICICI products such as loans, fixed deposits, and more.

ICICI Direct Features:

  • Suggestions and recommendations based on extensive research
  • Customers of ICICI Bank can use it as a 3-in-1 account.
  • Even with poor internet connections, a lightweight website can be accessed.
  • Allows you to tailor the user interface to your specific requirements.
  • Several trading plans to meet your specific requirements


Groww is well-known for offering completely free Demat account opening and no account maintenance fees. Their account opening procedure is paperless and can be completed from the convenience of your own home. Their brokerage fees are also very low, making them the best Demat account in India for those on a tight budget.

They also allow for consistent intraday trading, direct mutual funds, and SIPs. It is simple to integrate with a wide range of apps and services to enhance the user experience. Groww was founded in 2016 with the intention of providing financial services to millions of Indians. It’s the best Demat account for getting market analytics and news, as well as information about your portfolio, to help you make better financial decisions.

Groww Features:

  • Analytics and statistics for stocks, mutual funds, and other investments are provided by a built-in mutual funds calculator.
  • API that is well-designed for integration with other apps and services
  • Orders can be placed with a single click.
  • Relevant online articles, resources, and news

Paytm Money

Paytm Money is the most well-known name in low-cost investing and offers one of the best Demat accounts in India. Paytm Money Demat account services are strong and dependable. It offers simple, intuitive, and simple-to-use mobile apps for Android and iOS to assist novices/inexperienced traders in quickly becoming comfortable with trading.

Paytm trading account also provides its users with periodic information on personal finance, the stock market, and other topics. You can easily open a Demat Account and begin trading with as little as Rs. 100. Paytm Demat Account allows you to invest in the stock market, mutual funds, ETFs, IPOs, F&Os, and NPS retirement funds.

Paytm Money Features:

  • Insights into your portfolio that are in-depth and of high quality
  • Market analysis tools assist in locating the highest-rated mutual funds and stocks.
  • All mutual funds have historical data and risk assessments.
  • Auto-Pay to ensure on-time investment payments

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