If you are an NRI with earnings in India and are looking for an option to deploy this income and earn returns, there are various options such as equities, mutual funds, bonds, etc. However, to invest in these assets, you are required to open a non-repatriable demat account.
In this blog, we will explain to you what a non-repatriable demat account is, and how it works.
What is a Non-Repatriable Demat Account?
A Non-Repatriable Demat Account can be opened by non-resident individuals who wish to invest in shares, bonds, and mutual funds in India. There are certain restrictions on the transfer of funds of these accounts, i.e. the income earned on investments held in these accounts cannot be easily transferred out of India. Non-repatriable means funds cannot be freely transferred abroad, but remittance is allowed up to $1 million per financial year, subject to conditions. As it is mandatory to hold shares, etc., in electronic form in a demat account, a non-repatriable demat account makes sure that funds are not easily transferable from India.
The key features of a non-repatriable demat account are as follows:
NRO Bank Account: The non-repatriable demat account must be linked with the Non-Resident Ordinary bank account.
Restricted Remittance of Securities: The holdings in a non-repatriable demat account cannot be freely transferred out of India easily.
PIS: A non-repatriable account generally does not require a separate PIS (Portfolio Investment Scheme) account for buying and selling shares.
Transaction: It allows NRI investors to hold and sell securities on the stock exchange easily.
How a Non-Repatriable Demat Account Works
A non-repatriable demat account is specially for NRIs. Let’s see how this non-repatriable demat account works:
Investment: The non-repatriable demat account is used by an NRI to invest funds earned in India into Indian securities such as bonds, shares, mutual funds, etc.
Restriction on Transferring Funds: The funds in a non-repatriable demat account are not freely transferable. The interest and principal amount from the account can be transferred only after deducting tax.
NRO Account: The non-repatriable demat account is only for NRIs, and only a Non-Resident Ordinary (NRO) can be linked with a non-repatriable demat account.
Limited Investment: An NRI can invest only up to 5% in a company’s paid-up capital through these accounts.
Let’s understand how a non-repatriable demat account works through an example.
Mr. A has been an NRI working in Dubai for the last five years. He owns a flat in New Delhi, which he rented out for ₹20,000 per month. He wishes to invest the rent received from this flat into mutual funds in the form of an SIP. For this, he is required to open an NRO bank account, after which he needs to open a demat account, which is non-repatriable in nature, as he wishes to invest in mutual funds through a demat account. He linked his NRO bank account to his non-repatriable demat account and bought mutual funds. The principal and interest earned on the investment can be repatriated up to $1 million annually.
Difference Between Repatriable Demat Account and Non-Repatriable Demat Account
There are certain differences between Repatriable and Non-Repatriable Demat Accounts, which are as follows:
Particulars
Repatriable Demat Account
Non-Repatriable Demat Account
Objective
Freely invest in India and transfer funds to another country.
To invest in India and retain income within the country.
Bank Account
Only an NRE (Non-Resident External) account can be linked with a repatriable demat account.
A NRO (Non-Resident Ordinary) bank account is allowed to be attached to this demat account.
Fund
One can invest their foreign income and overseas savings through a repatriable demat account.
Income earned in India can be invested through a non-repatriable demat account.
Repatriation
Repatriation is allowed in this demat account as both principal and gains can be easily transferred to another country.
Repatriation of principal and interest earned is allowed up to $1 million per year.
Taxation
Some incomes may be exempted.
The income and gains generated through this demat account are fully taxable in India.
PIS Scheme
It requires PIS permission.
It does not always require PIS permission, as there are certain non-PIS routes available.
Limit
There is no limit on repatriation funds from this account.
There is a limit defined by the RBI to remit money from a non-repatriable demat account.
Suitability
This account is ideal for NRIs who wish to move funds out of India.
It is suitable for NRIs who want to keep their funds and use them in India.
On a concluding note, a non-repatriable account is mandatory for an NRI who wishes to invest in India and does not want to take the income outside. You can easily open a non-repatriable demat account with a registered stockbroker. However, there are certain restrictions placed by the RBI regarding the transfer of funds from this demat account, therefore, if you are an NRI and wish to invest income generated in India in the Indian stock market, then you must consult your investment advisor.
Frequently Asked Questions (FAQS)
Can anyone open a non-repatriable demat account?
Only an NRI (Non-Resident Individual) and any Person of Indian Origin (PIO) can open a non-repatriable demat account.
Which account is required to link with a non-repatriable demat account?
Only an NRO (Non-Resident Ordinary) bank account can be linked with a non-repatriable demat account.
Can I transfer funds to any other country from a non-repatriable demat account?
No, you cannot transfer funds from a non-repatriable demat account; however, the RBI has allowed certain exemptions through which you can transfer funds up to $1 million annually.
In which financial investment option can we invest through a non-repatriable demat account?
An NRI can invest in stocks, mutual funds, IPOs, ETFs, and Bonds through a non-repatriable demat account.
Can I convert a non-repatriable demat account to a repatriable demat account?
No, you cannot convert a non-repatriable demat account to a repatriable one. For this, you must close your existing account and open a new repatriable demat account.
डिजिटल दौर में निवेश की शुरुआत अब डीमैट अकाउंट के बिना मुमकिन नहीं। मार्केट में पॉकेटफुल, ज़ेरोधा, ग्रो, एंजेल वन, अपस्टॉक्स जैसे कई ऑप्शन मौजूद हैं, लेकिन इतने सारे विकल्पों के बीच सही प्लेटफ़ॉर्म चुनना अक्सर मुश्किल हो जाता है। किसी को लॉन्ग टर्म इन्वेस्टमेंट चाहिए, कोई एक्टिव ट्रेडिंग करता है, तो कोई सिर्फ़ म्यूचुअल फंड्स में पैसे लगाता है। इस ब्लॉग में 2025 के टॉप 15 डीमैट अकाउंट्स की लिस्ट दी गई है और उनके चार्जेज़, फीचर्स, फ़ायदे और किसके लिए कौन सा बेस्ट है आसान भाषा में समझाया गया है।
डीमैट अकाउंट क्या होता है और क्यों ज़रूरी है?
डीमैट अकाउंट यानी डिमैटेरियलाइज़्ड अकाउंट, एक ऐसा खाता होता है जिसमें शेयर और सिक्योरिटीज़ को डिजिटल रूप में रखा जाता है। पहले जब कोई शेयर खरीदा जाता था, तो उसकी फिज़िकल कॉपी मिलती थी यानी कागज़ पर छपा हुआ सर्टिफिकेट। लेकिन आज के डिजिटल ज़माने में सारी ट्रेडिंग ऑनलाइन होती है, इसलिए हर इन्वेस्टर को एक डीमैट अकाउंट की ज़रूरत पड़ती है।
जैसे बैंक अकाउंट में पैसे रखे जाते हैं, वैसे ही डीमैट अकाउंट में शेयर, म्यूचुअल फंड, बॉन्ड, ईटीएफ जैसे इन्वेस्टमेंट डिजिटल रूप में स्टोर किए जाते हैं।
ये अकाउंट दो मुख्य डिपॉज़िटरी – एनएसडीएल (नेशनल सिक्योरिटीज़ डिपॉज़िटरी लिमिटेड) और सीडीएसएल (सेंट्रल डिपॉज़िटरी सर्विसेज़ लिमिटेड) – से जुड़े होते हैं, जो इन सिक्योरिटीज़ को सुरक्षित डिजिटल फॉर्म में बनाए रखते हैं।
डीमैट अकाउंट के ज़रिए शेयर मार्किट में निवेश करना न सिर्फ़ तेज़ और आसान होता है, बल्कि इसमें फिज़िकल सर्टिफिकेट्स के गुम होने, चोरी या फ्रॉड का कोई रिस्क भी नहीं होता।
डीमैट अकाउंट खोलते समय किन बातों का ध्यान रखें?
डीमैट अकाउंट ओपन करना तो आसान है, लेकिन ब्रोकर बहुत सोच-समझकर चुनना चाहिए। नीचे कुछ इंपॉर्टेंट पॉइंट्स दिए गए हैं जो डिसीजन लेने से पहले ज़रूर चेक करने चाहिए:
सेबी-रजिस्टर्ड ब्रोकर: हमेशा ऐसा ब्रोकर चुनना चाहिए जो सेबी से रजिस्टर्ड हो, ताकि इन्वेस्टर फंड्स और डेटा सुरक्षित रहें।
अकाउंट ओपनिंग फीस: कुछ ब्रोकर्स ₹0 में अकाउंट ओपन कराते हैं, जबकि कुछ नॉमिनल फीस लेते हैं। शुरुआत में ये चार्जेस कंपेयर करना ज़रूरी होता है।
एएमसी (अकाउंट मेंटेनेंस चार्जेस): एएमसी हर साल लिया जाने वाला चार्ज है। कई ब्रोकर्स पहले साल फ्री देते हैं, लेकिन बाद में चार्ज बढ़ सकते हैं , इसे ध्यान से देखना चाहिए।
ब्रोकरेज चार्जेस: यह वो फीस है जो हर ट्रेड पर लगती है। डिस्काउंट ब्रोकर्स ₹20 पर ऑर्डर या उससे भी कम में ट्रेड अलाउ करते हैं। हाई फ्रिक्वेंसी ट्रेडर्स के लिए यह काफी इंपॉर्टेंट होता है।
मार्जिन इंटरेस्ट: अगर मार्जिन पर ट्रेड करना है, तो ब्रोकर कितना इंटरेस्ट चार्ज करता है, यह भी चेक करना चाहिए। हिडन चार्जेस से बचने के लिए ये पॉइंट ध्यान रखें।
रिसर्च टूल्स और इनसाइट्स: ब्रोकर्स जो इन-डेप्थ रिसर्च रिपोर्ट्स, स्टॉक स्क्रीनर्स और टेक्निकल टूल्स प्रोवाइड करते हैं, वो लॉन्ग-टर्म इन्वेस्टिंग के लिए बेहतर होते हैं।
कस्टमर सपोर्ट: एक ज़रूरी फैक्टर है। डीमैट अकाउंट में कोई भी प्रॉब्लम आने पर क्विक और हेल्पफुल सपोर्ट चाहिए होता है। इसलिए ऐसा ब्रोकर चुनना बेहतर है जिसकी कस्टमर सर्विस फास्ट और रिलायबल हो।
2025 के टॉप 15 बेस्ट डीमैट अकाउंट in India
ब्रोकर
अकाउंट ओपनिंग फीस
एएमसी (अकाउंट मेंटेनेंस चार्जेस)
ब्रोकरेज चार्जेस
यूनीक फीचर्स
पॉकेटफुल
₹ 0
₹ 0
पॉकेटफुल देता है ₹0 डिलीवरी चार्जेस की सुविधा।
कटिंग-एज टेक्नोलॉजी से एक ही जगह मल्टीपल एसेट क्लासेस में इन्वेस्ट किया जा सकता है।
ज़ेरोधा
₹ 0
₹300 + जीएसटी
₹20 या 0.03% प्रति ऑर्डर जो भी कम हो।
यूज़र-फ्रेंडली प्लेटफॉर्म और ईज़ी लर्निंग टूल्स।
एंजेल वन
₹ 0
₹240 (पहला साल फ्री)
₹20 प्रति ऑर्डर
डीटेल्ड रिसर्च और वर्सेटाइल मोबाइल ऐप।
आईसीआईसीआई डायरेक्ट
₹ 0
₹ 700
इक्विटी डिलीवरी पर 0.55%, इंट्राडे पर 0.275%
3-in-1 अकाउंट के साथ एक्स्टेंसिव रिसर्च।
कोटक सिक्योरिटीज़
₹ 0
₹ 600
इक्विटी डिलीवरी पर 0.49%, इंट्राडे पर 0.049%
एडवांस्ड ट्रेडिंग टूल्स और पर्सनलाइज़्ड एडवाइजरी।
अपस्टॉक्स
₹ 0
₹ 150
₹20 या 0.05% प्रति ऑर्डर
लो ब्रोकरेज फीस और आसान प्लेटफॉर्म।
5पैसा
₹ 0
₹ 300
₹20 प्रति ऑर्डर
फ्लैट ब्रोकरेज रेट्स और म्यूचुअल फंड इन्वेस्टमेंट्स।
शेयरखान
₹ 0
₹ 400
इक्विटी डिलीवरी पर 0.5%, इंट्राडे पर 0.1%
ट्रेनिंग प्रोग्राम्स और एडवांस्ड ट्रेडिंग प्लेटफॉर्म्स।
मोतीलाल ओसवाल
₹ 0
₹ 199
इक्विटी डिलीवरी पर 0.5%, इंट्राडे पर 0.05%
पर्सनलाइज़्ड एडवाइजरी और पोर्टफोलियो मैनेजमेंट।
एसबीआई सिक्योरिटीज़
₹ 0
₹750 (पहला साल फ्री)
इक्विटी डिलीवरी पर 0.5%, इंट्राडे पर 0.05%
3-in-1 अकाउंट और स्ट्रॉन्ग बैंकिंग इंटीग्रेशन।
एक्सिस डायरेक्ट
₹ 0
₹ 750
इक्विटी डिलीवरी पर 0.5%, इंट्राडे पर 0.05%
सीमलेस फंड ट्रांसफर और एडवांस्ड रिसर्च टूल्स।
आईआईएफएल सिक्योरिटीज़
₹ 0
₹ 250
इक्विटी डिलीवरी पर 0.5%, इंट्राडे पर 0.05%
फ्री रिसर्च रिपोर्ट्स और एडवाइजरी सर्विसेज़।
एडलवाइस ब्रोकिंग
₹ 0
₹ 500
इक्विटी डिलीवरी पर 0.5%, इंट्राडे पर 0.05%
रिसर्च-ड्रिवन एडवाइजरी और डायवर्स इन्वेस्टमेंट ऑप्शंस।
ग्रो
₹ 0
₹ 0
₹20 या 0.01% प्रति ऑर्डर
ज़ीरो एएमसी और यूज़र-फ्रेंडली प्लेटफॉर्म।
पेटीएम मनी
₹ 0
₹ 0
₹20 प्रति इंट्राडे ऑर्डर और ₹20 डिलीवरी के लिए
पेटीएम इकोसिस्टम से इंटीग्रेटेड और लो ट्रांज़ैक्शन कॉस्ट्स।
ट्रेडर्स और इन्वेस्टर्स के लिए टॉप 15 डीमैट अकाउंट्स का ओवरव्यू
ट्रेडर्स और इन्वेस्टर्स के लिए टॉप 15 डीमैट अकाउंट्स का ओवरव्यू नीचे दिया गया है:
1. पॉकेटफुल
पॉकेटफुल एक नई पीढ़ी की डिस्काउंट ब्रोकिंग कंपनी है, जो इक्विटी, कमोडिटी, डेरिवेटिव्स जैसे कई निवेश विकल्प प्रदान करती है। इसका लॉन्च 2024 में हुआ था और यह पेस फाइनेंशियल ग्रुप के अंतर्गत काम करती है। पॉकेटफुल को 27 साल से अधिक अनुभव वाले प्रोफेशनल्स ने विकसित किया है, जिससे यूज़र को बेहतरीन और भरोसेमंद ट्रेडिंग एक्सपीरियंस मिलता है।
पॉकेटफुल की सबसे बड़ी खासियत यह है कि इक्विटी डिलीवरी ट्रेड्स पर कोई ब्रोकरेज चार्ज नहीं लिया जाता, साथ ही अकाउंट खोलने और अकाउंट मेंटेनेंस चार्ज भी फ्री है। इसलिए यह प्लेटफ़ॉर्म शुरुआती और अनुभवी दोनों तरह के निवेशकों के लिए एक बढ़िया विकल्प है।
मुख्य फीचर्स:
इक्विटी डिलीवरी ट्रेड्स पर शून्य ब्रोकरेज।
अकाउंट खोलने की प्रक्रिया बहुत आसान और केवल 5 मिनट में पूरी हो जाती है।
एपीआई सपोर्ट, जिससे अपनी ट्रेडिंग स्ट्रेटेजीज को कस्टमाइज़ और ऑटोमेट किया जा सकता है।
सबसे बेहतर किसके लिए: पॉकेटफुल उन यूज़र्स के लिए बढ़िया है, जो बिना किसी अतिरिक्त चार्ज के एडवांस्ड ट्रेडिंग प्लेटफॉर्म चाहते हैं।
2. ज़ेरोधा
ज़ेरोधा देश की सबसे बड़ी और भरोसेमंद डिस्काउंट ब्रोकिंग फर्मों में से एक है। इसे 2010 में कामथ ब्रदर्स ने शुरू किया था और इसने फ्लैट ब्रोकरेज मॉडल के जरिए ब्रोकिंग इंडस्ट्री में नया ट्रेंड सेट किया। ज़ेरोधा का प्लेटफ़ॉर्म तकनीकी रूप से बहुत एडवांस्ड और यूज़र-फ्रेंडली है, जो ट्रेडिंग को आसान, किफायती और सभी के लिए एक्सेसिबल बनाता है, खासकर नए इन्वेस्टर्स के लिए।
मुख्य फीचर्स:
सिंपल और यूज़र-फ्रेंडली ट्रेडिंग प्लेटफ़ॉर्म।
डेडिकेटेड कस्टमर सपोर्ट टीम, जो आपकी हर क्वेरी का जल्दी समाधान करती है।
वैरिसिटी (Varsity) नाम का फ्री एजुकेशन प्लेटफ़ॉर्म, जहां स्टॉक मार्किट से जुड़ी डीप जानकारी और सीखने के अवसर मिलते हैं।
बेस्ट फॉर:जो इन्वेस्टर्स लो ब्रोकरेज पर ट्रेड करना चाहते हैं और टेक्नोलॉजी-ड्रिवन प्लेटफ़ॉर्म पसंद करते हैं, उनके लिए ज़ेरोधा एक परफेक्ट चॉइस है।
3. एंजेल वन
एंजेल वन भारत की टॉप फुल-सर्विस ब्रोकिंग कंपनियों में से एक है, जिसकी स्थापना 1996 में हुई थी। यह प्लेटफ़ॉर्म इक्विटी, कमोडिटी, डेरिवेटिव्स समेत कई असेट क्लास में ट्रेडिंग और इन्वेस्टमेंट की सुविधा देता है। साथ ही, एंजेल वन इन्वेस्टमेंट एडवाइजरी सर्विसेज भी प्रोवाइड करता है, जो यूज़र्स की वित्तीय ज़रूरतों को बेहतर तरीके से पूरा करता है। इसका ट्रेडिंग प्लेटफ़ॉर्म एडवांस टेक्नोलॉजी से लैस है और यूज़र की सहूलियत को ध्यान में रखकर डिजाइन किया गया है।
मुख्य फीचर्स:
पर्सनलाइज़्ड कस्टमर-फोकस्ड अप्रोच, जो हर यूज़र को खास अनुभव देता है।
एंजेल वन ऐप में एडवांस्ड ट्रेडिंग टूल्स उपलब्ध हैं, जो ट्रेडिंग को आसान और प्रोफेशनल बनाते हैं।
पूरे भारत में स्ट्रॉन्ग ऑफलाइन प्रेजेंस और व्यापक ब्रांच नेटवर्क।
बेस्ट फॉर : जो ट्रेडर्स ऑफलाइन ब्रोकिंग सर्विस को प्राथमिकता देते हैं, उनके लिए एंजेल वन एक भरोसेमंद और बेहतर ऑप्शन है।
4. आईसीआईसीआई डायरेक्ट
आईसीआईसीआई डायरेक्ट भारत के टॉप स्टॉक ब्रोकर्स में से एक है, जो प्राइवेट सेक्टर की बड़ी बैंक, आईसीआईसीआई बैंक की सब्सिडियरी है। इसका सबसे बड़ा फायदा इसका थ्री-इन-वन अकाउंट है, जिसमें सेविंग्स अकाउंट, ट्रेडिंग अकाउंट और डिमैट अकाउंट को एक ही जगह लिंक किया जा सकता है। इससे फंड ट्रांसफर और ट्रेडिंग का प्रोसेस बहुत ही आसान हो जाता है, खासकर उन इन्वेस्टर्स के लिए जो सरलता पसंद करते हैं।
मुख्य फीचर्स:
देशभर में लोकल ऑफ़िस के ज़रिए मजबूत फिज़िकल प्रेजेंस।
क्लाइंट्स को रिसर्च और कंसल्टेंसी सर्विसेज उपलब्ध कराता है।
पर्सनलाइज़्ड वेल्थ मैनेजमेंट सॉल्यूशंस भी देता है, जिससे इन्वेस्टमेंट प्लानिंग आसान हो जाती है।
बेस्ट फॉर : जो इन्वेस्टर्स लोकल ब्रांच से सपोर्ट और हेल्प चाहते हैं, उनके लिए आईसीआईसीआई डायरेक्ट एक ट्रस्टेड और सुविधाजनक विकल्प साबित होता है।
5. कोटक सिक्योरिटीज
कोटक सिक्योरिटीज, कोटक महिंद्रा बैंक की एक डिवीजन है और भारत के टॉप प्राइवेट बैंकों में से एक मानी जाती है। यह यूज़र्स को उनके बैंक अकाउंट को सीधे ट्रेडिंग और डिमैट अकाउंट से लिंक करने की सुविधा देता है, जिससे फंड ट्रांसफर आसान हो जाता है। कोटक सिक्योरिटीज इक्विटी, कमोडिटी, डेरिवेटिव्स सहित कई इन्वेस्टमेंट ऑप्शंस प्रोवाइड करता है। इनके Neo Web प्लेटफ़ॉर्म और कोटक नियो मोबाइल ऐप रियल-टाइम मार्केट डेटा भी प्रदान करते हैं, जो ट्रेडर्स के लिए काफी उपयोगी है।
मुख्य फीचर्स:
इक्विटी और कमोडिटी ट्रेडिंग के साथ म्यूचुअल फंड इन्वेस्टमेंट की सुविधा।
ऑनलाइन एजुकेशनल इनिशिएटिव्स, जो स्टॉक मार्किट की समझ बढ़ाने में मदद करते हैं।
कोटक बैंक के ब्रांड सपोर्ट के कारण सिक्योरिटी और विश्वसनीयता का भरोसा।
बेस्ट फॉर : जो इन्वेस्टर्स स्टॉक मार्किट की नॉलेज ऑनलाइन ट्यूटोरियल्स से बढ़ाना चाहते हैं, उनके लिए कोटक सिक्योरिटीज एक बढ़िया ऑप्शन है।
अपस्टॉक्स एक न्यू-एज डिस्काउंट ब्रोकिंग प्लेटफॉर्म है जो ट्रेडिंग को तेज़, आसान और तकनीकी रूप से स्मार्ट बनाता है। यह यूज़र्स को एडवांस टेक्निकल एनालिसिस टूल्स, ऑप्शन चैन और स्ट्रैटेजी मोड जैसे फीचर्स के साथ अपने ट्रेडिंग डिसिज़न खुद प्लान करने की आज़ादी देता है। अपस्टॉक्स के ज़रिए आप इक्विटी, कमॉडिटी और डेरिवेटिव्स में इन्वेस्ट कर सकते हैं – वो भी मिनिमम कॉस्ट पर।
मुख्य फीचर्स:
सिंपल और यूज़र-फ्रेंडली मोबाइल ऐप जो बिगिनर्स के लिए भी एकदम परफेक्ट है।
मल्टीपल वॉचलिस्ट्स बनाने की सुविधा ताकि फेवरेट स्टॉक्स और कमॉडिटीज को ट्रैक कर सकें।
कोई एनुअल मेंटेनेंस चार्ज नहीं – यानी कम खर्च में ज्यादा फायदा।
बेस्ट फॉर : जिन ट्रेडर्स को इंट्राडे या स्विंग ट्रेडिंग करनी है और टेक्निकल एनालिसिस के टूल्स की ज़रूरत होती है, उनके लिए अपस्टॉक्स एक शानदार चॉइस है।
7. 5पैसा
5पैसा एक लोकप्रिय डिस्काउंट ब्रोकिंग प्लेटफॉर्म है जो 2016 में लॉन्च हुआ था और तब से अपने लो-कॉस्ट मॉडल और मल्टीपल इन्वेस्टमेंट ऑप्शन्स के ज़रिए यूज़र्स के बीच तेज़ी से पॉपुलर हुआ है। यह न केवल स्टॉक्स बल्कि म्यूचुअल फंड्स में भी डायरेक्ट इन्वेस्टमेंट की सुविधा देता है। इसके वेब और मोबाइल प्लेटफॉर्म को इस तरह डिज़ाइन किया गया है कि ट्रेडिंग हर यूज़र के लिए सिंपल और स्मूद लगे।
मुख्य फीचर्स:
आसान और यूज़र-फ्रेंडली इंटरफेस के साथ वेब और मोबाइल प्लेटफॉर्म।
डायरेक्ट म्यूचुअल फंड इन्वेस्टमेंट की सुविधा – वो भी बिना किसी एजेंट के।
F&O 360 प्लेटफॉर्म के ज़रिए एडवांस्ड एनालिसिस टूल्स की एक्सेस, जिससे डिसीज़न लेना हो जाए और भी बेहतर।
बेस्ट फॉर : जो इन्वेस्टर्स स्टॉक मार्किट की शुरुआत इंटरऐक्टिव लर्निंग और वर्कशॉप्स के ज़रिए करना चाहते हैं, उनके लिए 5पैसा एक समझदारी भरा ऑप्शन है।
8. शेयरखान
शेयरखान भारत की उन शुरुआती ब्रोकिंग कंपनियों में शामिल है जिसने 2000 में ऑनलाइन ट्रेडिंग को आम इन्वेस्टर्स तक पहुँचाया। देशभर में फैली अपनी फ्रैंचाइज़ी नेटवर्क की बदौलत इसने जल्दी ही एक मजबूत पहचान बना ली। 2016 में यह फ्रेंच इन्वेस्टमेंट बैंक BNP पारिबास का हिस्सा बना और फिर 2024 में मिराए एसेट फाइनेंशियल ग्रुप ने इसे अधिग्रहित कर लिया। शेयरखान सिर्फ ट्रेडिंग ही नहीं, बल्कि एडवांस लर्निंग के लिए भी जाना जाता है।
मुख्य फीचर्स:
मॉडर्न और स्मूद मोबाइल ऐप जिसमें एडवांस ट्रेडिंग टूल्स उपलब्ध हैं।
शेयरखान क्लासरूम’ के ज़रिए ऑनलाइन कोर्सेस और ट्रेनिंग प्रोग्राम्स।
प्रोफेशनल कस्टमर सपोर्ट जो यूज़र की हर परेशानी का तुरंत हल देता है।
बेस्ट फॉर : जिन्हें टेक्निकल या फंडामेंटल एनालिसिस सीखना है और ट्रेडिंग को गहराई से समझना है, उनके लिए शेयरखान एक बेहतरीन विकल्प है।
9. मोतिलाल ओसवाल
मोतिलाल ओसवाल की शुरुआत 1987 में हुई थी और तब से यह इंडियन ब्रोकिंग इंडस्ट्री में एक जाना-पहचाना नाम बन चुका है। 30+ सालों का अनुभव, दर्जनों अवॉर्ड्स और मजबूत रिसर्च बैकअप के साथ, यह कंपनी इन्वेस्टर्स को सिर्फ ट्रेडिंग ही नहीं बल्कि पर्सनलाइज्ड एडवाइजरी, पोर्टफोलियो मैनेजमेंट सर्विसेज और मल्टीपल एसेट क्लासेज में इन्वेस्टमेंट की सुविधा देती है। इनका RISE मोबाइल ऐप और वेबसाइट यूज़र्स को प्रो-लेवल रिसर्च रिपोर्ट्स और एडवांस एनालिसिस टूल्स तक एक्सेस देता है।
मुख्य फ़ीचर्स:
हर यूज़र की ज़रूरत के हिसाब से कस्टमाइज्ड फाइनेंशियल सॉल्यूशंस।
मोबाइल एप्लिकेशन यूज़र-फ्रेंडली इंटरफ़ेस के कारण इंडस्ट्री में सबसे बेहतरीन माना जाता है।
सिक्योरिटीज के अगेंस्ट लोन की सुविधा भी उपलब्ध है।
बेस्ट फॉर: ऐसे इन्वेस्टर्स जो एक ही प्लेटफॉर्म पर पोर्टफोलियो मैनेजमेंट से लेकर एडवांस रिसर्च और ट्रांजैक्शन फैसिलिटी तक सबकुछ चाहते हैं, उनके लिए मोतीलाल ओसवाल एक परफेक्ट चॉइस है।
10. एसबीआई सिक्योरिटीज
एसबीआई सिक्योरिटीज की स्थापना 2006 में हुई थी और यह भारत के सबसे बड़े पब्लिक सेक्टर बैंक, स्टेट बैंक ऑफ इंडिया (SBI) की फुली ओन्ड सब्सिडियरी है। पहले इसे SBICap Securities Limited के नाम से जाना जाता था। यह ब्रोकिंग फर्म अपने वाइड ब्रांच नेटवर्क और गवर्नमेंट-बैक्ड ट्रस्ट की वजह से इन्वेस्टर्स के बीच एक मजबूत और भरोसेमंद नाम बना हुआ है। एसबीआई सिक्योरिटीज आपको इक्विटी, कमॉडिटी ट्रेडिंग के साथ-साथ रिसर्च-बेस्ड एडवाइजरी और परसोनलाइज़्ड सर्विसेज भी ऑफर करता है।
मुख्य फ़ीचर्स:
हाई-नेट-वर्थ इन्वेस्टर्स के लिए डेडिकेटेड रिलेशनशिप मैनेजर्स की सुविधा।
मार्जिन ट्रेडिंग फैसिलिटी से इन्ट्राडे ट्रेडर्स को अतिरिक्त फंडिंग सपोर्ट मिलता है।
बेस्ट फॉर : जो इन्वेस्टर्स सरकारी बैंक से जुड़े प्लेटफॉर्म पर सिक्योर और वाइड-स्पेक्ट्रम ब्रोकिंग सर्विसेज चाहते हैं, उनके लिए एसबीआई सिक्योरिटीज एक विश्वसनीय ऑप्शन है। हाँ, इसका ब्रोकरेज चार्ज कुछ प्राइवेट ब्रोकर्स से ज्यादा हो सकता है, लेकिन सर्विस की क्वॉलिटी उस अंतर को कवर कर देती है।
11. एक्सिस डायरेक्ट
एक्सिस डायरेक्ट की शुरुआत 2011 में हुई थी और यह एक्सिस सिक्योरिटीज लिमिटेड का हिस्सा है, जो एक्सिस बैंक की सब्सिडियरी कंपनी है। इसने एडवांस टेक्नोलॉजी की मदद से एक पावरफुल ट्रेडिंग प्लेटफ़ॉर्म तैयार किया है जो इंडियन ब्रोकिंग इंडस्ट्री के टॉप प्लेटफ़ॉर्म्स में गिना जाता है। अगर आप एक्सिस बैंक के कस्टमर हैं, तो आप बड़ी आसानी से अपने बैंक अकाउंट को डिमैट और ट्रेडिंग अकाउंट से लिंक कर सकते हैं। मुंबई में इसका हेडक्वार्टर है और यह कंपनी अपने इन्वेस्टर्स को टेक्नोलॉजी, रिसर्च और सपोर्ट का बेहतरीन कॉम्बिनेशन देती है।
मुख्य फ़ीचर्स:
यूज़र्स को मिलता है एक एडवांस ट्रेडिंग और इन्वेस्टमेंट प्लेटफ़ॉर्म।
रेगुलर और डीप फंडामेंटल रिसर्च रिपोर्ट्स, जो स्टॉक्स, सेक्टर्स और कमॉडिटीज को कवर करती हैं।
मर्जिन फंडिंग फैसिलिटी से निवेशकों को मिलती है एक्स्ट्रा ट्रेडिंग पावर।
बेस्ट फॉर : जो निवेशक मर्जिन ट्रेडिंग फैसिलिटी का उपयोग करना चाहते हैं, उनके लिए यह एक अच्छा विकल्प है।
12. आईआईएफएल
आईआईएफएल (India Infoline) की शुरुआत 1985 में एक रिसर्च और एडवाइजरी फर्म के रूप में हुई थी। शुरुआत से ही इसका फोकस इन्वेस्टर्स को डीप रिसर्च और डेटा-बेस्ड इनसाइट्स देने पर रहा है। 2005 में कंपनी ने अपना नाम बदलकर IIFL किया और इंडियन स्टॉक एक्सचेंज में लिस्ट भी हुई। आज यह एक भरोसेमंद ब्रोकिंग हाउस है जो यूज़र्स को एडवांस ट्रेडिंग प्लेटफॉर्म, इन-डेप्थ रिसर्च रिपोर्ट्स और एजुकेशनल सेशंस जैसी सुविधाएं देता है, जिससे निवेशक बेहतर डिसीजन ले सकें।
मुख्य फ़ीचर्स:
इंडस्ट्री-लीडिंग रिसर्च और पर्सनलाइज़्ड एडवाइजरी सर्विसेज।
यूज़र-फ्रेंडली ट्रेडिंग प्लेटफॉर्म जो हर तरह के इन्वेस्टर्स के लिए उपयुक्त है।
फ्री एजुकेशनल सेशंस जो खासकर नए निवेशकों के लिए काफ़ी मददगार हैं।
बेस्ट फॉर : वो इन्वेस्टर्स जो रिसर्च और एक्सपर्ट एडवाइस के बेस पर स्मार्ट ट्रेडिंग करना चाहते हैं, उनके लिए आईआईएफएल एक शानदार चॉइस है।
13. एडेलवाइस
एडेलवाइस ग्रुप ने 2008 में ब्रोकिंग इंडस्ट्री में एंट्री ली और तब से यह निवेशकों को मल्टी-लेवल फाइनेंशियल सर्विसेज़ ऑफर कर रहा है। शुरुआत में कंपनी ने रिसर्च और एडवाइजरी पर ज़ोर दिया और फिर 2015 से म्युचुअल फंड्स, PMS (पोर्टफोलियो मैनेजमेंट सर्विसेज़), और एल्गो ट्रेडिंग जैसी सुविधाएं भी जोड़ लीं। इसका प्लेटफॉर्म खासकर उन निवेशकों के लिए डिज़ाइन किया गया है जो एक ही जगह पर टेक्नोलॉजी, रिसर्च और एडवाइस का पूरा पैकेज चाहते हैं।
मुख्य फ़ीचर्स :
एल्गोरिदमिक ट्रेडिंग की सुविधा जिससे ऑटोमेटेड डिसीजन लिए जा सकते हैं।
एक्टिवली मैनेज्ड फंड्स के सुझाव जो मार्केट कंडीशन्स के अनुसार बदलते रहते हैं।
डेली मार्केट अपडेट्स और रिसर्च एनालिसिस जो निवेशकों को अप-टू-डेट रखते हैं।
बेस्ट फॉर: ऐसे इन्वेस्टर्स जो एक ही प्लेटफॉर्म पर ट्रेडिंग, रिसर्च, और फाइनेंशियल एडवाइजरी जैसी सर्विसेज़ चाहते हैं, उनके लिए एडेलवाइस एक भरोसेमंद और प्रैक्टिकल विकल्प है।
14. ग्रो (Groww)
ग्रो (Groww) की शुरुआत 2016 में चार एक्स-फ्लिपकार्ट कर्मचारियों ने की थी, और कुछ ही सालों में यह युवाओं और नए इन्वेस्टर्स के बीच सुपर पॉपुलर हो गया। इसकी सबसे बड़ी खासियत है बेहद सिंपल और क्लीन यूज़र इंटरफेस, जिससे कोई भी बिना ज़्यादा टेक्निकल नॉलेज के भी आसानी से इन्वेस्ट करना शुरू कर सकता है। इस ऐप के ज़रिए यूज़र्स स्टॉक्स, म्युचुअल फंड्स, ETF जैसी कई इन्वेस्टमेंट ऑप्शन्स का फायदा उठा सकते हैं, वो भी मिनिमल चार्जेस के साथ।
मुख्य फ़ीचर्स :
स्टॉक्स, म्युचुअल फंड्स और ETF में आसान इन्वेस्टमेंट की सुविधा।
क्रेडिट, बिल पेमेंट और UPI जैसी बेसिक फाइनेंशियल सर्विसेज़ भी मौजूद।
न्यूनतम फीस स्ट्रक्चर – लॉन्ग टर्म इन्वेस्टर्स के लिए किफायती।
बेस्ट फॉर : जो निवेशक चाहते हैं कि उनका पूरा इन्वेस्टमेंट पोर्टफोलियो एक ही सिंपल ऐप में मैनेज हो सके, उनके लिए ग्रो (Groww) एक शानदार चॉइस है।
15. पेटीएम मनी
पेटीएम मनी की शुरुआत 2017 में डायरेक्ट म्युचुअल फंड इन्वेस्टमेंट प्लेटफ़ॉर्म के रूप में हुई थी, जिसे Paytm की पैरेंट कंपनी One97 Communications ने लॉन्च किया था। शुरुआती दौर में इसका मकसद था – हर किसी को म्युचुअल फंड्स में कम लागत पर इन्वेस्ट करने का मौका देना। फिर 2019 में कंपनी ने कम ब्रोकरेज के साथ स्टॉक ट्रेडिंग सर्विस भी शुरू की। आज यह ऐप एक सिंपल, किफायती और ऑल-इन-वन इन्वेस्टमेंट प्लेटफॉर्म बन चुका है।
मुख्य फ़ीचर्स:
यूज़र-फ्रेंडली ऐप जो नए यूज़र्स के लिए भी पूरी तरह सहज।
डायरेक्ट म्युचुअल फंड इन्वेस्टमेंट जिससे एक्स्ट्रा कमीशन नहीं देना पड़ता।
SIP और लंपसम इन्वेस्टमेंट के लिए स्मार्ट कैलकुलेटर्स की सुविधा।
बेस्ट फॉर : जो लोग म्युचुअल फंड्स और स्टॉक्स में कम खर्च में इन्वेस्ट करना चाहते हैं और एक सिंपल ऐप से सब कुछ मैनेज करना पसंद करते हैं, उनके लिए Paytm Money एक बढ़िया विकल्प है।
ट्रेडर्स के लिए 3 सर्वश्रेष्ठ ब्रोकर नीचे दिए गए हैं:
1. ज़ेरोधा : ज़ेरोधा भारत का सबसे बड़ा डिस्काउंट ब्रोकिंग प्लेटफॉर्म है, जो अपनी किफायती ब्रोकरेज फीस और भरोसेमंद सर्विस के लिए जाना जाता है। लाखों ट्रेडर्स इसे अपनी पहली पसंद मानते हैं। यहां आपको ट्रेडिंग के लिए कई एडवांस टूल्स मिलते हैं, जैसे Sensibull जो ऑप्शन ट्रेडिंग को आसान बनाता है, Streak जो आल्गोरिदमिक ट्रेडिंग की सुविधा देता है, और KITE जो एक पावरफुल वेब और मोबाइल ऐप है। साथ ही, इसकी एजुकेशनल साइट Varsity नए ट्रेडर्स के लिए सीखने का बेहतरीन माध्यम है।
2. पॉकेटफुल (Pocketful) : पॉकेटफुल एक नया लेकिन तेजी से लोकप्रिय हो रहा फिनटेक प्लेटफॉर्म है, जो बिना किसी इक्विटी डिलीवरी फीस के ट्रेडिंग का मौका देता है। इसे पेस फाइनेंशियल ग्रुप ने बनाया है, जिनका 30 से ज्यादा सालों का अनुभव इस प्लेटफॉर्म की विश्वसनीयता को बढ़ाता है। पॉकेटफुल का यूज़र-फ्रेंडली इंटरफेस और विविध निवेश विकल्प इसे नए और अनुभवी दोनों तरह के इन्वेस्टर्स के लिए आकर्षक बनाते हैं।
3. अपस्टॉक्स : अपस्टॉक्स भी किफायती ब्रोकरेज के साथ ट्रेडर्स को एक स्मूद और तेज़ ट्रेडिंग एक्सपीरियंस देता है। इसमें एडवांस चार्टिंग टूल्स के साथ Tick-by-Tick Engine नामक फीचर है, जो आपको लाइव मार्केट डेटा और ऑर्डर बुक की गहराई दिखाता है। यह सुविधा पहले सिर्फ बड़े संस्थागत निवेशकों के लिए थी, लेकिन अब हर रिटेल ट्रेडर इसका फायदा उठा सकता है।
इन्वेस्टर्स के लिए सबसे बढ़िया 3 विकल्प
इन्वेस्टर्स के लिए 3 सर्वश्रेष्ठ ब्रोकर नीचे दिए गए हैं:
1.पॉकेटफुल : अगर लॉन्ग-टर्म इन्वेस्टमेंट करना है तो पॉकेटफुल एकदम सही चॉइस है। ये मॉडर्न फिनटेक प्लेटफॉर्म है जिसमें ना कोई अकाउंट ओपनिंग फीस है, ना AMC (एनुअल मेंटेनेंस चार्ज) और ना ही डिलिवरी फीस। पॉकेटफुल की टेक्नोलॉजी बहुत एडवांस्ड है, जिसे 27+ साल के एक्सपीरियंस वाले एक्सपर्ट्स ने डेवलप किया है। यहाँ से आसानी से मल्टिपल एसेट क्लासेज़ में इन्वेस्टमेंट कर सकते हैं, जिससे यूजर एक्सपीरियंस स्मूद और बेहतर होता है।
2. मोतीलाल ओसवाल : मोतिलाल ओसवाल भारत के सबसे भरोसेमंद और अनुभवी ब्रोकर्स में से एक है। यहाँ आपको सिर्फ ट्रेडिंग ही नहीं, बल्कि पोर्टफोलियो मैनेजमेंट, एडवाइजरी सर्विसेज और गहरी रिसर्च रिपोर्ट्स भी मिलती हैं। इनकी सर्विस खासकर उन इन्वेस्टर्स के लिए सही है जो लंबी अवधि के लिए स्मार्ट और सूझ-बूझ से निवेश करना चाहते हैं। इनके मोबाइल ऐप और वेबसाइट दोनों पर यूज़र-फ्रेंडली इंटरफेस मिलता है, जिससे निवेश करना बेहद आसान हो जाता है।
3. आईआईएफएल (India Infoline Finance Limited) : आईआईएफएल उन इन्वेस्टर्स के लिए एक बढ़िया विकल्प है जो रिसर्च और एडवाइजरी को बहुत महत्व देते हैं। कंपनी उन्नत ट्रेडिंग प्लेटफॉर्म के साथ-साथ नियमित मार्केट अपडेट्स और मुफ्त एजुकेशनल सेशंस भी प्रदान करती है। ये खासकर उन लोगों के लिए परफेक्ट है जो मार्केट को समझकर, सूचनाओं के आधार पर अपने निवेश फैसले लेना चाहते हैं।
डीमैट अकाउंट के फायदे
डीमैट अकाउंट के फायदे नीचे दिए गए हैं:
तेजी से ट्रांजैक्शन: ट्रेडिंग के दौरान शेयरों की खरीद-फरोख्त तुरंत होती है, जिससे आप मार्केट के मौकों का लाभ बेहतर तरीके से उठा सकते हैं।
आसान निगरानी: सभी निवेश एक ही डिजिटल प्लेटफॉर्म पर नजर आते हैं, जिससे अपनी पोर्टफोलियो को मैनेज करना सरल होता है।
कम धोखाधड़ी का खतरा: इलेक्ट्रॉनिक रिकॉर्ड होने की वजह से स्टॉक्स चोरी या गुम होने की संभावना लगभग न के बराबर हो जाती है।
खर्चों में बचत: पेपर वर्क न होने के कारण लेन-देन से जुड़ी कई अतिरिक्त फीस बच जाती है।
डीमैट अकाउंट के बिना स्टॉक मार्केट में निवेश करना आज के जमाने में न केवल मुश्किल है, बल्कि जोखिम भी बढ़ जाता है। इसलिए एक भरोसेमंद और सुविधाजनक डीमैट अकाउंट निवेश की शुरुआत करने वालों के लिए सबसे जरूरी टूल है।
अपनी जरूरत के हिसाब से सबसे अच्छा डीमैट अकाउंट कैसे चुनें?
जब डीमैट अकाउंट खोलने की बात आती है, तो हर किसी की जरूरतें अलग होती हैं। इसलिए सही अकाउंट चुनना बहुत जरूरी होता है ताकि आपका निवेश सफर आसान और फायदेमंद रहे।
नीचे कुछ अहम बातों का ध्यान रखें जो आपकी पसंद को सही दिशा देंगे:
फीस और चार्जेस: अकाउंट खोलने और मेंटेन करने की फीस अलग-अलग ब्रोकर्स पर अलग हो सकती है। अपने बजट के हिसाब से ऐसा विकल्प चुनें जो ज्यादा महंगा न हो लेकिन अच्छी सेवा दे।
ट्रेडिंग और इन्वेस्टिंग की सुविधाएं: कुछ डीमैट अकाउंट सिर्फ ट्रेडिंग के लिए बेहतर होते हैं, तो कुछ में म्यूचुअल फंड्स और अन्य निवेश विकल्प भी शामिल होते हैं। अपने निवेश के प्रकार के अनुसार अकाउंट चुनें।
ग्राहक सेवा: जब भी आपको कोई सवाल या समस्या हो, तो ग्राहक सेवा की मदद जल्दी और असरदार मिलनी चाहिए। भरोसेमंद ब्रोकर्स का चुनाव करें जो समय पर सहायता देते हों।
ट्रेडिंग प्लेटफ़ॉर्म की आसानी: तकनीकी ज्ञान के बिना भी आपको अपनी निवेश गतिविधियां सहजता से करनी चाहिए। इसलिए ऐसा प्लेटफ़ॉर्म चुनें जो सरल और समझने में आसान हो।
रिसर्च और एडवाइजरी: अगर आप मार्केट की जानकारी लेकर ही निवेश करना पसंद करते हैं, तो ऐसे ब्रोकर्स चुनें जो अच्छे रिसर्च और सलाह देते हों।
इन बातों को ध्यान में रखकर आप अपनी ज़रूरतों और निवेश के तरीके के अनुसार सही डीमैट अकाउंट चुन सकते हैं, जो आपके लिए लंबी अवधि में फायदे का सौदा साबित होगा।
निष्कर्ष
इस ब्लॉग में हमने भारत के प्रमुख डीमैट अकाउंट्स और उनके खास फीचर्स पर विस्तार से चर्चा की है। सही डीमैट अकाउंट चुनना आपके निवेश सफर की सफलता के लिए बेहद जरूरी है। हर निवेशक की जरूरत और प्राथमिकताएं अलग होती हैं, इसलिए आपको अपने निवेश के तरीके, फीस स्ट्रक्चर, और उपलब्ध सेवाओं को ध्यान में रखकर निर्णय लेना चाहिए। टेक्नोलॉजी, ग्राहक सेवा, और रिसर्च सपोर्ट भी अकाउंट चुनते समय अहम रोल निभाते हैं। उम्मीद है यह जानकारी आपको समझदारी से अपने लिए सबसे उपयुक्त डीमैट अकाउंट चुनने में मदद करेगी और आपके निवेश को बेहतर बनाएगी।
डीमैट अकाउंट क्या होता है?
डीमैट अकाउंट एक डिजिटल अकाउंट होता है जिसमें आपके शेयर और सिक्योरिटीज इलेक्ट्रॉनिकली स्टोर होते हैं।
डीमैट अकाउंट खोलने के लिए क्या डॉक्युमेंट्स लगते हैं?
पैन कार्ड, आधार कार्ड, बैंक स्टेटमेंट और एक पासपोर्ट साइज फोटो की ज़रूरत होती है।
क्या डीमैट अकाउंट खोलना फ्री होता है?
कई ब्रोकर्स फ्री अकाउंट ओपनिंग ऑफर करते हैं, लेकिन कुछ में एएमसी (अकाउंट मेंटेनेंस चार्जेस) लग सकते हैं।
क्या एक व्यक्ति के पास मल्टीपल डीमैट अकाउंट्स हो सकते हैं?
हाँ, एक व्यक्ति अलग-अलग ब्रोकर्स के साथ मल्टीपल डीमैट अकाउंट्स रख सकता है।
बिगिनर्स के लिए बेस्ट डीमैट अकाउंट कौन सा है?
बिगिनर्स के लिए पॉकेटफुल, अपस्टॉक्स और ज़ेरोधा जैसे ईज़ी-टू-यूज़ प्लेटफॉर्म्स बेस्ट माने जाते हैं।
In today’s digital age, participation in the stock market has become extremely important for companies looking to increase their overall profitability. However, for a company to begin investing, a corporate demat account is a must.
Corporate demat account refers to an account in the name of the company where shares and securities are kept in electronic form. At the same time, companies can buy and sell shares through a corporate trading account.
In this blog, we will understand in detail what is a corporate demat account, what are its benefits, who can open it, what are the necessary documents and what is the process of opening it.
What is a Corporate Demat Account?
A Demat Account, or “dematerialized account”, is an account where your shares and other securities are kept in electronic form. Just like a Demat account is opened in the name of an individual, when a company opens an account to keep its investments and shares in digital form, it is called a corporate Demat account.
This account is specifically for registered companies such as Private Limited (Pvt. Ltd.) Companies, Public Limited Companies, LLPs (Limited Liability Partnerships), Trusts, etc.
The major difference between an individual Demat account and a company Demat account is that a company account can have multiple authorized signatories and it is opened in the name of the company, not in the name of any individual.
The main purpose of this account is to keep all the shares, bonds, mutual fund units and other securities of the company safely and systematically on a single digital platform.
Differences Between Individual Demat Account and Corporate Demat Account
Particulars
Individual Demat Account
Corporate (Company) Demat Account
Account Holder
An individual person
A registered company or institution
Purpose
For personal investments
For company investments, ESOPs, IPO participation, etc.
Authorized Signatory
Single person (account holder)
One or more authorized signatories as per board resolution
Document Requirements
Basic KYC documents
Statutory company documents + KYC + Board Resolution
Control & Management
Managed by the individual
Managed by company representatives
Nomination Facility
Available
Limited or controlled via board decision
Processing Time
Fast and simple process
Detailed verification, may take more time
Features of a Corporate Demat Account
A corporate demat account is a digital account for companies to store their shares, debentures, mutual funds, and other securities in electronic form. This account is designed not just to store investments but also to manage them smartly.
Digital Holding: All securities in this account are held in electronic form, eliminating the need for paperwork and physical storage.
Multiple Authorized Signatories: Companies can nominate multiple authorized signatories through their board resolutions who can operate this account.
Nomination and Power of Attorney: A nominee or power of attorney holder can also be appointed if required, making account operations more flexible.
Link to Corporate Trading Account: This account is directly linked to the corporate trading account, allowing companies to buy and sell shares easily.
Accessible Platforms: The account can be easily accessed from the Depository Participant (DP) website or mobile apps.
Corporate Demat Account Benefits
In today’s times, when companies engage in activities like investments, IPOs, and stock options, a corporate demat account helps them manage all these operations in a smart and secure manner.
Improved transparency and accountability: All investment activities are recorded through a demat account, making internal audits and regulatory auditing easier. It enhances the financial transparency of the company.
Faster settlement: Transfer of shares happens digitally, making the trading and settlement process faster and more convenient.
Investment security: Holding shares and other securities in electronic form eliminates the risk of theft, loss, or fraud.
Helpful for IPO, ESOP, and M&A: When a company launches an IPO, or offers ESOPs to employees, or acquires another company, a demat account makes the entire process simple and efficient.
Scalable solution for large transactions: Corporate Demat Accounts can easily handle large volumes of securities.
Advantages Over Individual Demat Accounts
When a company has to make substantial investments, a corporate demat account becomes a better option, especially when compared to an individual demat account.
Centralized Investment Management: All the investments of the company are managed on a single platform, making reporting, tracking, and analysis easier.
Professional and Regulatory Compliance: Companies need to ensure that their investments are compliant with the rules and regulatory guidelines (SEBI, ROC, etc.). A corporate account supports this.
How to Open a Corporate Demat Account?
If your company wants to participate in investment or stock market-related activities, opening a corporate demat account is the first step. The process of opening it is easy; just follow a few important steps:
Choose a Depository Participant (DP): Choose a SEBI-registered broker, such as Pocketful.
Fill out the account opening form. Fill the form with the company details and authorized signatory information.
Submit the required documents: Company PAN, Certificate of Incorporation, board resolution, etc. (the full list is in the next section).
Verification and approval: After verification of documents by the DP, the account will be approved.
Get login access: After approval, login details are sent to you, through which you can start trading.
To open a corporate demat account, a company needs to submit certain documents. These documents reflect the legal identity of the company, permission to operate and validity of authorized signatories. Below is the list of required documents:
Board Resolution: An official resolution issued on the company’s letterhead, allowing the opening of a corporate demat account.
List of Authorized Signatories: Complete list of all authorized signatories on the company’s letterhead.
Directors’ Details: List of all Directors on the company’s letterhead.
Financial Records: Copies of the balance sheets of the last two financial years, Memorandum of Association (MOA), and Articles of Association (AOA).
Identity Proof: Self-attested copies of PAN and Aadhaar cards of authorized directors and signatories.
Bank Details: A valid cancelled cheque from the company’s bank account.
Registration Documents: Company’s registration certificate and other required registration documents.
Corporate Demat Account Eligibility
A corporate demat account can only be opened by entities that fulfil certain eligibility criteria:
Must be a registered company: The account can only be opened by private limited companies, public limited companies, LLPs, trusts or other registered entities.
Valid PAN Card: It is mandatory to have a valid PAN in the name of the company.
Bank Account: It is mandatory to have a current bank account in the name of the company.
Regulatory Compliance: The company must be registered and compliant with the Companies Act 2013 and SEBI (Securities and Exchange Board of India) rules.
Board Resolution: A resolution passed by the board of the company authorising the person to open and operate a demat account.
In today’s fast-changing business environment, a corporate demat account has become an extremely important financial tool. It not only allows to digitally track and manage company investments but also facilitates smooth conduct of corporate actions such as IPOs, bonuses, share transfers and ESOPs. If you run a private limited, public limited or registered entity, now is the time to start investing through a corporate demat account.
We, Pocketful, as a registered stockbroker, help you open a corporate demat account with a fast, transparent and cost-effective process. Contact us today and take your investing game to new heights!
Frequently Asked Questions (FAQs)
Who can open a Corporate Demat Account?
Any registered company or organization like Pvt Ltd, LLP, Trust etc. can open a corporate demat account.
What documents are required to open a Corporate Demat Account?
PAN, MOA, AOA, Board Resolution, Directors details, Bank details and Address Proof.
Can a company have multiple Corporate Demat Accounts?
Yes, a company can have multiple Demat accounts with different Depository Participants (DPs).
Is it mandatory to have a Corporate Demat Account for a company?
If the company wants to invest in shares or IPO, then yes.
Are there any charges associated with a Corporate Demat Account?
Yes, like account opening fees, AMC and transaction fees.
Can a foreign company open a Corporate Demat Account in India?
Yes, they can open a corporate demat account after fulfilling all the requirements.
Many families in India still follow the tradition of the joint family, where several generations live together in the same house. Such a family structure is legally called HUF (Hindu Undivided Family). HUF is a recognized entity, which is separately recognized by the Income Tax Act of India (Income Tax Act, 1961). This entity has a head member, called Karta, and the rest of the members are coparceners.
When the money and property of the entire family have to be invested in stock market, mutual funds, or IPO, then a Demat account must be opened in the name of HUF, i.e. a separate HUF Demat account, to manage the joint property of the family. In this blog, we will give you the complete information about the HUF Demat account, its benefits and how it is different from an individual Demat account.
What is a HUF Demat Account?
HUF (Hindu Undivided Family) is a traditional Indian family structure, which is given a separate legal identity under the Indian Income Tax Act. It can be formed not only by Hindus but also by Sikh, Jain, and Buddhist families. HUF is headed by Karta, who is the eldest male member of the family. The rest of the members, called coparceners, are also members of HUF and have rights in the property.
A special feature of HUF is that it has its own PAN card, bank account, and tax returns, due to which it is considered a separate financial entity. The advantage of this is that the family can take advantage of separate tax limits and make collective investments by opening an HUF account.
If you have a joint family, then opening an HUF account can be a wise move for your financial future.
Documents Required to Open an HUF Demat Account
If you want to open a Demat account in the name of HUF (Hindu Undivided Family), then it is very important to keep some important documents ready in advance. There may be some variation in the documents on KYC status, citizenship of the Karta (NRI or resident), and who the members are.
The list of documents required is as follows:
HUF Declaration containing details of Karta and all coparceners
Copy of PAN card of both HUF and Karta
Valid address proof
Bank statement or cancelled cheque linked to the bank account of HUF
Income proof like ITR, passbook, or net worth certificate
NOC and declaration from other coparceners if Karta is female
Non-Individual Declaration Form (provided by broker)
If Karta is an NRI, passport, visa, and FATCA and FEMA forms will also be required.
Benefits of Opening a HUF Demat Account
If you have a joint family and want to invest together, a HUF Demat Account is a great option for you. It has several benefits:
Separate tax identity : The HUF has its own PAN and files a separate tax return, which can help the family get additional tax benefits.
Shared investments : The entire family’s capital can be invested in one place, making wealth creation and management easier.
Investments in IPOs, mutual funds, and stock markets : In the name of the HUF, you can invest in all these financial instruments, just like an individual would.
This type of account not only helps in tax planning but also keeps the family’s collective wealth organized.
How to Open a HUF Demat Account?
You can easily open a HUF Demat Account by following the steps mentioned below:
1. Select a stockbroker : Choose a SEBI-registered stockbroker that offers HUF Demat Account opening, such as Pocketful.
2. Collect the required documents : The following documents are required to open an HUF Demat Account:
PAN card of the HUF
PAN card and identity proof of the Karta (e.g., Aadhaar card, passport)
Address proof of the HUF (e.g., bank statement)
HUF declaration deed containing details of the Karta and members
Proof of the bank account of the HUF (e.g., cancelled cheque)
KYC form and other required documents
3. Fill the application form and submit documents :
Get the application form from the stockbroker’s portal or office, fill it with the correct information, and attach the required documents.
4. Verification of documents and account activation : The stockbroker will verify the documents submitted by you. Once the verification is complete, your HUF Demat Account will be activated.
Difference Between HUF Demat Account and Individual Demat Account
Both HUF Demat accounts and individual Demat accounts are used for investing in the stock market, but there are several key differences in their structure, operation, and tax treatment. The HUF account is managed by a joint family and is operated by the head of the family, i.e., Karta, while the individual account is in the name of a single person and is controlled by the account holder.
Understand the key differences through the table below:
Feature
HUF Demat Account
Individual Demat Account
Ownership
Entire family (HUF)
Single individual
PAN Card
In the name of the HUF
In the name of the individual
Operation
Managed by the Karta
Managed by the account holder
Tax Filing
Filed separately under HUF
Included in individual’s ITR
Nominee Facility
Not available
Available
HUF Demat Account is for collective investment, while Individual Demat Account is for individual investment. HUF account makes collective investment and tax planning of the family easier.
Important Things to Consider Before Opening a HUF Demat Account
Opening a HUF (Hindu Undivided Family) Demat Account is a responsible investment decision. Before opening it, it is important to pay attention to some important points:
Follow SEBI guidelines: Every brokerage firm considers the KYC and IPV (In-Person Verification) process prescribed by SEBI mandatory. It is necessary to provide correct information about Karta and the Coparceners.
Nominee facility is not available: Nominees cannot be added in a HUF account because HUF is a legal entity and not a person. In such a situation, after the death of Karta, a legal process is adopted to decide the successor.
Be aware of the charges: Every brokerage firm has different AMCs (Annual Maintenance Charges), brokerage fees, and other transaction charges. Get clear information about the pricing structure before opening the HUF account.
Update Karta changes in time: If the Karta of the HUF changes in the future (such as through death or resignation), immediately inform the brokerage about the new Karta and get the required documents updated.
Understand tax and compliance rules: HUF is considered a separate tax entity. Hence, its filings, investment gains, and other financial documents have to be maintained separately.
If all these things are understood beforehand, then the HUF account can be run smoothly, legally and safely for a long time.
Common issues while opening an HUF account and their solutions
Many people face some common issues while opening an HUF Demat account, such as documentation ambiguity, delays due to incorrect KYC, etc. Also, there may be a confusion about taxation and the validity of HUF.
All these problems can now be solved easily.
Pocketful, India’s trusted stock brokerage platform, guides you through the entire process from documentation to KYC clearance and tax advice. Our team supports you at every step to ensure that your HUF account is opened without any hassle.
HUF Demat Account is an effective way to manage a family investment structure in a professional and legal manner. It not only brings transparency in the distribution of assets but also helps in planning for tax benefits. While the process can be somewhat document-intensive and technical, it can be managed seamlessly if followed with the right guidelines and expert support. From the point of view of financial discipline and long-term planning, an HUF account is an important tool, especially for families who wish to invest jointly and plan property succession in a planned manner.
Frequently Asked Questions (FAQs)
Can a HUF apply for an IPO?
Yes, HUF can apply for IPO in its own name, provided it has an active Demat and Trading account.
Is nominee addition allowed in a HUF Demat account?
No, there is no facility to add a nominee in a HUF account as it is a non-individual entity.
What happens to the HUF account if Karta dies?
After the demise of the Karta, the most senior surviving Coparcener is appointed as the new Karta, and the account is updated with the required documents.
Can coparceners operate the account?
No, only the Karta has the right to operate the HUF Demat account; coparceners do not have this right.
Can a HUF invest in mutual funds?
Yes, HUF can invest in mutual funds in its own name, provided all the required documentation and KYC process is complete.
Can a female become the Karta of a HUF?
Yes, a woman can become a Karta if she is the most senior Coparcener.
Can a husband, wife, and child open a HUF Demat account?
Yes, husband will be the Karta, child will be the Coparcener, and wife will join as a member.
Can a HUF have multiple Demat accounts?
No, a HUF can have only one Demat account.
What documents are required to open a HUF Demat account?
PAN card, address proof, HUF declaration, bank statement, and KYC documents of all coparceners are required.
A Demat account is essential for holding shares and other securities in electronic format and eliminates the need for physical share certificates. To buy shares through a Demat account, you first need to open the account with a depository participant, usually a bank or financial institution. Once set up, you can link your Demat account with a trading account to trade in stocks, mutual funds, and other securities directly from your smartphone or computer.
In this blog, we will explain the steps involved in purchasing the shares through a Demat account, the eligibility and documents required, and the benefits of a Demat account.
What is a Demat account?
A Demat account, short for a Dematerialized account, is a digital account that allows investors to hold and manage their securities, such as shares and bonds, in an electronic format. After opening a Demat account, you can easily buy and sell the shares online without the hassle of physical certificates. This modern approach helps simplify the investment process, making it more convenient for both new and experienced investors.
To invest using a Demat account, you need to link it with a trading account, which enables you to execute buy and sell orders. Once your accounts are set up, you can begin purchasing the shares online. If you are wondering where to buy shares online in India, many brokers provide user-friendly interfaces for trading.
To buy a share, you simply log into your trading account, search for the desired stock, and place a buy order. The shares are credited to your Demat account after “T+1” days, where “T” is the transaction date. Learning how to buy shares online opens up a world of investment opportunities and allows you to grow your wealth efficiently. Whether you are just starting or looking to diversify your portfolio, a Demat account is an essential tool in the modern financial markets.
How to Buy Shares Through a Demat Account?
Buying shares through a Demat account is a straightforward process, making the investment process simple and more efficient. Here are the essential steps you need to follow:
Open a Demat Account: The first step is to open a Demat account with a depository participant such as a bank or brokerage firm. You will need to provide identity verification documents and fill out the required forms. After successful verification, DP opens a Demat account for you.
Link a Trading Account: After opening your Demat account, you should link it with a trading account, allowing you to seamlessly buy and sell shares online. However, many DPs open a Demat and a trading account simultaneously.
Research and select Shares: Before investing, conduct a thorough financial analysis of various companies and identify the shares you wish to purchase. There are numerous resources available online to help you analyze potential investments.
Place an Order: Once your accounts are set up and funded, log in to your trading account to buy a share. Search for the stock using its ticker symbol, select the quantity and place an order (market or limit).
Confirm and Monitor: Confirm whether the order is executed. Once executed, the shares will be credited to your Demat account, where you can track your investments.
Best Strategies to Buy Shares
Investing in shares requires a strategic approach to maximize returns and minimize risks. Here are some of the best strategies to buy shares effectively:
Conduct Thorough Research: Analyze a company’s financial health, market position, and growth potential. Understanding the fundamentals will guide you in making informed investment decisions.
Use a Trading Plan: Develop a systematic trading plan that outlines your buying and selling criteria. This plan will help you stay disciplined and avoid emotional trading.
Monitor Market Trends: Keep an eye on market trends and economic indicators. Understanding the market sentiment will assist you in timing your investments effectively.
Start Small: If you’re new to investing, consider starting with smaller amounts. This helps you to learn how to buy shares online without exposing yourself to significant losses.
Utilize Technical Analysis: Familiarize yourself with technical analysis tools to identify buying opportunities. These tools can help you determine the best entry and exit points for your investments.
Eligibility and Documents required to open a Demat Account
To open a Demat account, certain eligibility criteria and documents are required. Understanding these prerequisites is essential for a hassle-free demat account opening process.
Identity Proof: Government-issued ID such as an Aadhar card, passport, or voter ID.
Address Proof: Utility bills, rental agreements, etc., that confirm your residential address.
PAN Card: A Permanent Account Number (PAN) is mandatory for tax purposes.
Photographs: Recent passport-sized photographs may be required.
Bank Details: A canceled cheque or bank statement for linking your bank account.
Once you gather these documents, you can approach a depository participant (DP) to complete the application process. Understanding these requirements ensures you are well-prepared to start your investment journey.
Open a Free Demat Account with Pocketful to Buy Shares Seamlessly
Opening a Demat account with Pocketful is free of cost and is an excellent way to manage your investments. Pocketful provides a user-friendly platform that simplifies the entire investment process for both beginners and investors.
To get started, simply download the Pocketful mobile application or visit their website. The account opening process is quick and straightforward. You will need to provide basic details, such as your identity proof, address proof, and a PAN card. Once your documents are verified, you can open your Demat account at no cost.
With your Demat account and trading account set up, you can easily buy shares online. Pocketful offers a comprehensive list of features and enables you to explore various investment opportunities. The platform’s intuitive interface allows you to track market trends, execute trades effortlessly, and manage your portfolio efficiently. Moreover, Pocketful ensures secure transactions, giving you peace of mind as an investor.
Benefits of a Demat Account
A Demat account offers several benefits mentioned below:
Convenience: A Demat account eliminates the need for physical share certificates and makes it easier to buy, sell, and manage securities electronically. This digital approach streamlines the entire trading process.
Reduced Risk of Loss: Physical share certificates can be lost, stolen or damaged. With a Demat account, your shares are stored securely in an electronic format, reducing the risk of loss.
Quick Settlement: Settlement of transactions is quicker through a Demat account than traditional methods.
Stores Multiple Securities Types: A Demat account allows you to hold the various securities including stocks, bonds, mutual funds, and exchange-traded funds (ETFs), all in one place which simplifies portfolio management.
Easier Record Keeping: Your Demat account provides a clear and comprehensive record of all your transactions and holdings, making it easier to track your investments and manage your portfolio effectively.
Automatic Updates: Corporate actions such as dividends, bonus shares, and stock splits are automatically reflected in your demat account.
Conclusion
Buying or selling shares with the help of a trading account linked with a Demat account significantly enhances security and efficiency as compared to traditional methods. With the elimination of physical share certificates, investors can buy and sell securities quickly and securely. Moreover, a Demat account can store different types of securities and automatically adjust holdings for any corporate actions.
Frequently Asked Questions (FAQs)
What is a Demat account, and why do I need one to buy shares?
A Demat account is a digital account that holds your securities in electronic form. Investors can buy shares through a trading account but need a Demat account to store them.
How do I open a Demat account?
To open a Demat account, choose a depository participant (DP), such as a bank or brokerage firm. Fill out the demat account opening form and provide the required documents like identity proof, address proof, PAN card, etc. Once verified, your account will be activated.
How do I buy shares through my Demat account?
Investors can buy shares by opening a Demat account and linking it to a trading account. To buy shares, log in to your trading platform, search for the desired stock, and place an order. The shares will be credited to your Demat account upon successful transaction.
Are there any fees associated with a Demat account?
While opening a Demat account is usually free, there may be annual maintenance charges associated with it. Additionally, brokerage fees apply when buying the shares. It is advisable to review the fee structure of your chosen DP.
Can I sell shares directly from my Demat account?
Yes, you can sell shares directly from your Demat account by using your linked trading account. After logging in to your trading account, you can place a sell order for the shares you wish to sell, and the proceeds will be credited to your trading account after the transaction is completed.
A Permanent Account Number (PAN) is a crucial document for opening a Demat account in India. However, for individuals without a PAN card, there are alternative ways to open a Demat account, as there are some exemptions. Want to know if you fit the criteria? Read on.
This blog provides a comprehensive look at who can open a Demat account without a PAN card and its benefits. Moreover, we will discuss the process and documents required to open a Demat account.
What is a Demat Account?
A Demat account stands for “Dematerialized account”. It is an electronic storage account used to hold financial securities like stocks, bonds, and exchange-traded funds (ETFs). By digitizing securities, a Demat account eliminates the need for physical certificates, streamlining and securing the trading and investment process.
Opening a Demat account requires essential documents, particularly a PAN (Permanent Account Number) card, which helps investors during tax filing and track transactions. However, for individuals looking to invest or trade who do not possess a PAN card but are eligible for an exemption, it is possible to open a Demat account without a PAN card. The exemptions are discussed later in the blog.
Documents Required for Opening a Demat Account
To open a Demat account, certain essential documents are generally required to verify identity, address, and bank details. These documents ensure compliance with financial regulations. Key documentation includes:
Identity Proof: Commonly accepted identity proofs are the Permanent Account Number (PAN) card, Aadhaar card, passport, or Voter ID. A PAN card is a mandatory document for opening a Demat account as it is used for tax filing purposes and tracking transactions.
Address Proof: Documents like the Aadhaar card, passport, and driving license or utility bills (e.g. and electricity or telephone bill) are commonly accepted for verifying your address.
Bank Details: Providing a canceled cheque or a bank statement with your name, account number, and IFSC code is crucial. This is needed to link your Demat account to your bank.
Income Proof (Optional): Income proof is required for trading in the futures and options segment. A recent salary slip, ITR or six-month bank statement may be needed.
Opening An Online Demat Account
Opening an online Demat account is a quick and convenient process that allows you to manage and store your securities digitally. A Demat account or dematerialized account will securely hold assets like stocks, bonds, and ETFs, also eliminating the need for physical certificates. To open a Demat account online, start by choosing a reliable brokerage or financial institution that offers superior services and user friendly platforms.
The process typically begins by completing an online application form, where you must provide personal details such as your name, address, etc. Uploading essential documents like PAN card, Aadhaar card, bank statement and recent passport-sized photographs is part of the verification process. Some brokers may also require a digital copy of your signature. Upon submission, these documents undergo a Know Your Customer (KYC) verification, which is often completed within a day or couple of days. Once the DP verifies and approves your application, you receive your Demat account details and can begin trading through the broker’s application or website.
Is a PAN Card A Must For A Demat Account?
According to the Securities and Exchange Board of India (SEBI), a PAN card is a mandatory requirement for engaging in securities transactions in India, which makes it essential to open a Demat account. It serves as an identification proof and helps investors and authorities keep track of transactions occurring in a Demat account. Moreover, the PAN card helps regulators track transactions and prevent tax evasion.
However, if you are still wondering “Can I open a Demat account without a PAN card?”, the answer is yes. Investors can open a Demat account without a PAN card, but the applicant must fulfill certain criteria to take advantage of this exemption. Let’s look at the exemptions specified by the SEBI.
How to Open a Demat Account Without a PAN Card?
According to SEBI regulations, some individuals and entities can open Demat accounts without a PAN card. The exemptions are listed below:
Officials appointed by Government: A PAN card is not required for transactions conducted by individuals appointed by the Central Government or State Governments. These individuals can be official liquidators, court receivers, etc.
Investors in Sikkim: Investors residing in Sikkim can open a Demat account without a PAN card. DPs must verify the proof of address thoroughly to confirm that the investor is a resident of Sikkim.
UN entities & Multilateral Agencies: These entities are not required to furnish a PAN card to open a Demat account if they are exempt from paying taxes or filing tax returns.
NRIs or PIOs: Non-resident Indians (NRIs) or Persons of Indian Origin (PIO) are allowed to open a “limited purpose BO account” without a PAN card to sell any securities they currently own in the form of physical form. These accounts are suspended for credit from IPOs, off-market transactions or secondary market transactions. However, the investor continues to receive benefits arising out of corporate actions. Such accounts are valid for a period of 6 months, after which the investor must provide a PAN card to convert the limited-purpose BO account into a normal BO account.
Benefits of Having a PAN Card
A PAN (Permanent Account Number) card is an important financial document in India as it offers a range of benefits. Some of the benefits are listed below:
Simplified Tax Filing: A PAN card serves as a unique identifier for all financial transactions and simplifies the process of filing income tax returns. It helps the government track taxable activities, reduce fraud, and maintain transparency in the financial system.
Avoid Tax Deduction at higher rates: While making payments to NRIs or Indian residents, it is essential for the recipient to furnish their PAN card. If the recipient does not have a PAN card, then the sender must deduct TDS at a higher rate of 20% according to Section 206AA of the Income Tax Act.
Easy Loan Approvals: A PAN card makes it easier to get a loan as it provides a reliable financial history.
Demat Account: A PAN card is mandatory to open a Demat account, which helps investors manage investments easily.
Identity Proof: The PAN card is also widely accepted as proof of identity.
Conclusion
A PAN card is essential for opening a Demat account in India. However, SEBI has specified certain exemptions under which some individuals or entities are not required to provide a PAN card to open a Demat account.
A PAN card tracks an individual’s financial history, helps enhance an individual’s credibility in financial institutions, and simplifies processes like loan applications and credit card approvals. Moreover, the PAN card serves as an ID across various domains. Overall, possessing a PAN card is invaluable for investors to track their transactions and simplify the tax filing process.
Frequently Asked Questions (FAQs)
Can I open a Demat account without a PAN card?
Investors can open a Demat account without a PAN card if they fulfill the criteria listed by the SEBI.
Which documents can be used as identity proof for opening a Demat account?
Identity proof documents include an Aadhaar card, Voter ID, passport, or driver’s license.
Which individuals and entities are not required to provide a PAN card to open a Demat account?
Individuals residing in Sikkim, UN agencies, multilateral agencies, officials appointed by the government, NRIs, and PIOs are not required to provide a PAN card when opening a Demat account.
What is a limited-purpose BO account?
A limited-purpose BO account is a type of Demat account that can be opened without a PAN card and remains active for a period of 6 months. NRIs and PIOs use this account to sell any securities held in the physical form. The account is restricted from receiving credits and requires investors to furnish a PAN card after 6 months to convert it into a regular demat account.
India’s financial market has witnessed a bull run in the past few years, which is why many NRIs are trying to invest in the Indian stock market. An NRI needs a Demat account and a trading account to participate in the Indian stock market. Opening an NRI (Non Resident Indian) trading and Demat account is a straightforward process that helps the NRIs to invest in the Indian stock market. Whether you are looking to trade in equities, mutual funds, or bonds, having the right demat account is essential.
In this blog, we will talk about the steps to open the NRI trading and Demat account and also explain the documents you will need, and clarify the different types of accounts available including the NRE and NRO accounts.
Who is an NRI?
A Non-Resident Indian (NRI) is an Indian citizen who resides outside India for various reasons such as employment, business, or education and does not stay in India for more than 182 days in a financial year. NRIs are allowed to invest in Indian financial markets which is facilitated through NRI Demat and Trading account. The NRI Demat account holds shares and securities in electronic form and makes it easier to manage investments from abroad.
For NRIs, there are different types of accounts, including the NRE Demat account and NRO Demat account, which are used to store securities, and the NRI trading account that allows trading in securities in India. Understanding the features of these accounts is essential for NRIs looking to participate in the Indian stock market and maximize investment opportunities effectively.
What is an NRI Demat Account?
An NRI Demat account is a specialized account that allows the Non-Resident Indians (NRIs) to hold and manage their securities in electronic form. It is essential for NRIs who want to invest in the Indian stock market as it will simplify the process of buying, selling, and transferring shares. There are two main types of Demat accounts for NRIs:
NRE Demat account: NRE or Non-Residential External Demat account allows NRIs to invest in Indian financial markets such as stocks, bonds, etc. Investors use this account to take advantage of the Portfolio Investment NRI scheme (PINS). The NRE demat account is linked with the NRE bank account. The advantage of using an NRE demat account is that both investments and profits earned on them can be repatriated to the NRI’s bank account in their country of residence.
NRO Demat account: NRO or Non-Resident Ordinary Demat account also allows NRIs to invest in Indian securities. It is different from an NRE demat account as it doesn’t require NRIs to invest through the PINS route, and the NRIs can repatriate only up to $1 million of investment to their country of residence.
Can an NRI open a Demat Account in India?
Yes, a Non-Resident Indian (NRI) can open a Demat account in India as it enables them to invest in the Indian stock market. NRIs have the option to choose between an NRE Demat account and an NRO Demat account depending on your investment goals. An NRE Demat account is suitable for those who have a majority of earning sources abroad and want the advantage of repatriating funds freely. On the other hand, if an NRI has income sources in India and wants to claim exemptions on the interest earned, then a NRO demat account is more suitable.
What is the NRI Demat Account Opening Process?
The NRI Demat account opening process involves several key steps to ensure NRIs can effectively invest in the Indian stock market.
Applicants need to select a reputable Depository Participant (DP) that offers NRI demat account services. They can choose between an NRE Demat account or an NRO Demat account based on their income sources.
Get the NRI account opening form from DP’s website or nearest branch.
Mention all the relevant details and attach all the required documents, such as proof of identity and proof of address. Documents required include a copy of passport, proof of overseas address, copy of PAN card, etc. Communicate with the DP to get a complete list of the documents required.
Sign the agreement with the DP. The agreement lists the responsibilities of both the investor and DP.
DP verifies the information, and upon successful verification, an NRI Demat account is opened, and the DP sends the credentials to your registered email ID.
Documents Required for NRI Demat Accounts
Specific documents are required to comply with regulatory norms and ensure a smooth account opening process. The documents required for a NRI demat account are:
Copy of passport as proof of identity
Copy of valid VISA
Copy of PAN card
OCI (Overseas Citizenship of India)
Overseas Address Proof
Passport size photograph
Bank Account Details
These documents ensure that the NRI trading account in India is set up correctly and facilitating efficient trading and investment management while adhering to legal requirements. Proper documentation helps streamline the process of opening a Demat account for NRIs.
NRI Demat Accounts: The Benefits
NRI Demat accounts offer several benefits that empower Non Resident Indians (NRIs) to invest in the Indian stock market.
NRI demat account allows NRIs to hold securities in electronic form and simplifies the management of investments. With an NRI Demat account, transactions are quicker and more efficient, and the need for physical paperwork is eliminated.
NRE demat account offers the investors the option to repatriate funds.
NRO Demat account allows NRIs to manage the income generated in India while complying with tax regulations.
Conclusion
In conclusion, Demat accounts for NRI serve as essential tools for Non-Resident Indians looking to invest in the Indian stock market. With benefits like electronic storage of securities, seamless transactions, and compliance with tax regulations, these accounts simplify the investment process. However, investors must choose between the NRE and NRO demat accounts based on their investment goals and sources of income.
Frequently Asked Questions (FAQs)
What documents are required to open an NRI trading and Demat account?
To open an NRI trading and Demat account, you need to provide a copy of your valid passport, VISA, PAN card, OCI, proof of overseas address and a recent passport sized photograph.
Can I open both NRE Demat and NRO Demat accounts?
Yes, you can open both NRE and NRO accounts simultaneously.
Is it mandatory to have an NRI trading account to open a Demat account?
Yes, it is mandatory to have an NRI trading account linked to your Demat account. This trading account enables you to execute buy and sell transactions in the Indian stock market.
How long does it take to open an NRI trading and Demat account?
An NRI trading and demat account can be opened within a couple of days.
Can I manage my NRI trading and Demat account online?
Yes, most financial institutions, and brokerages offer online platforms for managing your NRI trading and demat accounts. You can access real-time market data, execute trades, and monitor your portfolio conveniently from anywhere in the world.
A Demat account is an absolute must-have for holding shares and securities traded in the financial markets. Research shows that in 2024, there were 46 million more demat accounts.
In addition to this, people are now opting for a joint demat account. This allows multiple individuals to jointly hold and manage investments stored in a single demat account.
You can open a Demat account online. This reduces the ownership structure’s complexity and opens up more possibilities for families, business partners, or spouses wanting to pool together their investments.
What is a Joint Demat Account?
A joint demat account can be defined as an account that allows two or more individuals to jointly hold and manage securities. A joint bank account functions similarly by giving the account ownership of shares to several holders.
A joint Demat account can have up to three account holders. This includes one primary and two joint holders. The primary account holder is responsible for the account. Although the primary account holder is responsible for the account, all demat account joint holders have equal rights in managing the investments.
Prominent Features and Benefits of a Joint Demat Account
Some of the most common features and benefits of a joint demat account include:
1. Pooling Resources
Joint account holders can pool their funds and make shared investments with a joint demat account. This helps increase the overall investment amount, allowing joint holders to invest more effectively.
2. Reduced Maintenance Fees
A joint demat account allows everyone to split the maintenance costs. This reduces overall fees. This makes it an economical choice for those looking to manage investments together. Sharing these expenditures is much cheaper than keeping separate accounts for each member.
3. Smooth Estate Transfer
If one of the demat account joint holders dies, the surviving holder(s) will immediately take over the account. This simplifies and expedites the process of transferring assets. It eliminates the need for complex legal formalities.
Who Can Open a Joint Demat Account?
Joint demat accounts can be opened for anyone fulfilling depository participant (DP) criteria. Joint demat accounts can be opened by the following individuals:
Residents of India above 18 years of age.
NRIs that comply with applicable regulations.
The holders can be unrelated to each other: business partners, friends, family members, etc., can co-own a joint demat account. However, all holders must conform to KYC norms.
Documents Required for Opening a Joint Demat Account
When you open joint demat account online, it requires the following documents:
PAN Card: A copy of the PAN card for each account holder.
Photographs: Recent passport-size photos of all account holders.
Proof of Identity: Documents like an Aadhaar card, Voter ID, passport, or driver’s license.
Proof of Address: Documents such as an Aadhaar card, utility bill, or passport to verify the address.
Bank Account Proof: A cancelled cheque or a recent bank statement of the primary account holder.
Income Proof: A salary slip, bank statement, or income tax return acknowledgement.
Select a Depository Participant (DP) that is registered with the NSDL or CDSL.
2. Fill Out the Application Form
You can get the joint demat account opening form from the DP’s website. All account holders are required to disclose their information. Verify the accuracy of all the information.
3. Attach Required Documents
Upload scanned copies of the identity proofs, address proofs, bank proofs, and photographs of all the holders. These should all be self-attested by the holders concerned.
4. Complete KYC Formalities
All holders should submit KYC forms and complete in-person verification if needed.
5. Submit the Application
Submit the application and the documents in their complete form on the DP’s website.
6. Verification and Approval
After verifying the details submitted, the DP shares the login details and authorizes it.
Points to Consider Before Opening a Joint Demat Account
Here are the key joint demat account rules to consider before opening an account:
1. Approval of All Account Holders
Transactions in a joint demat account require approval from each account holder. The transaction is invalid if full consent is not obtained. This guarantees that everyone is aware of the activities occurring within the account.
2. No Changes to Account Holder Details
Once the joint demat account is opened, you cannot change details such as names or birth dates. If there is an error, you will have to create a new account. To avoid future account issues, make sure to double-check all information before applying.
3. Tax Responsibility
In a joint demat account, the primary account holder is liable for paying capital gains taxes. Despite the fact that there are several account holders, the principal holder is responsible for paying taxes.
4. One Trading Account Only
Only one trading account is connected to the joint demat account. This is usually held by the principal account holder. This main holder is the recipient of all messages pertaining to the account. This implies that they are in charge of overseeing the account. They also get information about all the activities occurring within the account.
5. Account Changes after Opening
You cannot convert an individual Demat account into a joint one. To open a joint account, you must apply from the start.
By now, you must have understood how to open joint demat account. Understanding the principles and techniques can help you maximize your money. It’s an excellent choice for anyone wishing to invest jointly.
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Can I add or remove joint holders after opening a joint Demat account?
No, once a joint Demat account is opened, you cannot add or remove joint holders. If any changes are required, you will have to close the existing account and open a new one.
Is it possible to convert an individual Demat account into a joint Demat account?
No, an individual Demat account cannot be converted into a joint Demat account. You must apply separately for a joint account from the beginning.
Who is responsible for taxation in a joint Demat account?
The primary account holder is responsible for paying capital gains tax, even though the account has multiple holders. Tax liabilities are calculated based on the transactions made in the account.
Can all joint account holders access the trading account linked to the joint Demat account?
No, only the primary account holder has access to the trading account linked to the joint Demat account. The principal holder also receives all transaction-related notifications.
What happens to a joint Demat account if one of the account holders passes away?
In case of the demise of one of the joint holders, the surviving holder(s) continue to manage the account. The account is seamlessly transferred without complex legal formalities.
A Demat account is necessary to participate in the stock market in India. Although many brokers in the market offer Demat account services, you should select one based on your needs.
In this blog, we will give you an overview of the best Demat account in India for 2025, along with the top three recommendations for traders and investors.
What is a Demat Account?
An investor can keep financial assets, including stocks, mutual funds, ETFs, bonds, and more, in an electronic demat account. Before 1996, securities were exchanged in physical certificates, which had several dangers, including damage from forgeries and theft. Demat accounts were created to remove these risks. If you wish to trade on the Indian Stock Market, you must have a Demat Account.
What to Look for in a Demat Account App?
The key considerations for selecting the best Demat Account:-
Brokerage – Brokers typically charge a commission as a fee for using their platform to execute trades. You should choose the broker for opening a Demat account that offers you the lowest brokerage.
Account Maintenance Fees – Customers are charged fees for maintaining their Demat accounts by the broker. Since these yearly maintenance charges differ from broker to broker, it is essential to consider brokers who offer lower annual maintenance fees.
Account Opening Fees – A one-time fee is charged by some brokers while opening a demat account with them. However, the majority of brokers are offering zero account opening fees.
Margin Interest – Brokers lend money to their clients and charge interest on it at a certain rate; therefore, if you wish to opt for a margin trading facility, then you must consider the broker who charges a minimum interest rate on this facility.
Research Tools – There are various types of research tools offered by brokers; therefore, one must choose a broker who offers the most advanced trading tools.
Customer Support – One of the most important things to consider when opening a Dement account is customer service. Customer service is crucial because you want any issue you encounter when managing a Demat account to be fixed as soon as possible.
The 15 Best Demat Accounts in India for 2025 – AMC Free/Paid
Detailed Comparison Table
Broker
Account Opening Fee
Annual Maintenance Fee (AMC)
BrokerageCharges
Unique Features
Pocketful
₹ 0
₹ 0
Pocketful offers you 0 delivery charges.
Cutting-edge technology lets you invest in different asset classes in one place.
Zerodha
₹ 0
₹300 + GST
₹20 or 0.03% per executed order, whichever lower
User-friendly platform, educational tools
Angel One
₹ 0
₹240 (1st year free)
₹20 per order
Comprehensive research, versatile mobile app
ICICI Direct
₹ 0
₹ 700
0.55% for equity delivery, 0.275% for intraday
3-in-1 account, extensive research
Kotak Securities
₹ 0
₹ 600
0.49% for equity delivery, 0.049% for intraday
Advanced trading tools, personalized advisory
Upstox
₹ 0
₹ 150
₹20 or 0.05% per order
Low brokerage fees, intuitive platform
5paisa
₹ 0
₹ 300
₹20 per order
Flat brokerage rates, mutual fund investments
Sharekhan
₹ 0
₹ 400
0.5% for equity delivery, 0.1% for intraday
Training programs, advanced trading platforms
Motilal Oswal
₹ 0
₹ 199
0.5% for equity delivery, 0.05% for intraday
Personalized advisory, portfolio management
SBI Securities
₹ 0
₹ 750 (1st year free)
0.5% for equity delivery, 0.05% for intraday
3-in-1 account, strong banking integration
Axis Direct
₹ 0
₹ 750
0.5% for equity delivery, 0.05% for intraday
Seamless fund transfers, advanced research tools
IIFL Securities
₹ 0
₹ 250
0.5% for equity delivery, 0.05% for intraday
Free research reports, advisory services
Edelweiss Broking
₹ 0
₹ 500
0.5% for equity delivery, 0.05% for intraday
Research-driven advisory, diverse investment options
Groww
₹ 0
₹ 0
₹20 or 0.01% per order
Zero AMC, a user-friendly platform
Paytm Money
₹ 0
₹ 0
₹20 per intraday order, ₹20 for delivery
Integrated with the Paytm ecosystem, low transaction costs
Overview of the Top 15 Demat Accounts Apps for Traders and Investors
An overview of 15 Best Demat Accounts for traders and investors is given below:-
1. Pocketful – Free Demat Account App
Pocketful is a new-age discount broking firm offering a wide range of investment options such as equity, commodity, derivatives, etc. Pocketful was launched in 2024 and is backed by Pace Financial Group. Pocketful is developed by professionals with more than 27 years of experience, which ensures enhanced user experience. Pocketful is different from other discount brokers as it offers one of the best trading platforms and does not charge any fees for equity delivery-based trades, account opening, or yearly maintenance fees. Therefore, it is the best option for both traders and investors.
Key Features
Pocketful provides a free trading platform since there are no brokerage on equity delivery trades, zero account opening fees and zero annual maintenance fees for the first year.
An online account can be opened with Pocketful within five minutes.
You can create your trading strategies using free Pocketful APIs.
Best For: Because of its user-friendly design, zero brokerage on equity delivery transactions, and no annual maintenance fees for the first year, Pocketful is the best broker for traders and investors. Additionally, it offers advanced trading tools to analyze the market. Therefore, one can consider opening a Demat account with Pocketful.
2. Zerodha
Zerodha is one of the major players in the Indian stock broking industry. It was established in 2010 by the Kamath Brothers and offers a distinctive trading platform focusing on cutting-edge technology. It introduced a new pricing structure in the broking industry, which was known as flat brokerage for trading.
Key Features
Zerodha is renowned for its user-friendly trading platform.
It has a dedicated customer service team that assists its clients in resolving their queries.
Varsity is a free education platform offered by Zerodha to enhance the knowledge of their client.
Best For: Investors who want to trade in the stock market with the broker that offers the lowest brokerage can opt for this platform.
3. Angel One
Angel One is one of India’s top full-service brokers. It was established in 1996. It offers trading and investing in a variety of assets such as equity, commodity, derivatives, etc., and investment advisory services. Their cutting-edge software platform prioritizes the requirements and desires of its customers.
Key Features
The main advantage of opening a demat account with Angel One is their customer-focused approach.
Advanced trading tools are available in Angel One’s application.
The company has a strong offline presence across the nation.
Best For: Angel One is suitable for traders who prefer offline broking services.
4. ICICI Direct Securities
One of the top stockbrokers in India is ICICI Direct Securities. One of the biggest banks in India’s private sector, ICICI Bank, owns ICICI Direct as a subsidiary. It offers a three-in-one account, which combines savings, trading and a Demat account through which an investor can effortlessly move funds from their savings account to their trading account. They offer a large variety of investment products that are tailored to meet the customers’ requirements.
Key Features
Through its local offices, the company maintains a strong national presence, assisting its investors with any questions they may have.
ICICI Direct also provides its clients with consultancy and research services.
Additionally, it provides its investors with individual or customized wealth management solutions.
Best For: ICICI Direct Securities is a good option for investors who need assistance from local branch offices.
5. Kotak Securities Limited
Kotak Securities is a division of Kotak Mahindra Bank, one of the largest private sector banks in India. It makes it simple for their customers to link their bank account to their trading and demat accounts. Kotak Securities provides its investors with a variety of investment products, such as equities, commodities, and derivatives. Kotak Securities’ desktop-focused Neo Web and the mobile application Kotak Neo both provide real-time market data to traders and investors.
Key Features
Apart from trading in equity and commodities, it also offers a wide range of investment options, such as mutual funds.
Kotak Securities educates investors through various educational initiatives.
Because Kotak Bank supports the company, it enjoys a great reputation as a brand.
Best For: Kotak Securities is a good choice for investors who want to enhance their stock market knowledge through their online tutorials.
6. Upstox
Upstox offers a modern trading platform and technical tools that help investors predict the trend of a commodity or a stock price. Additionally, they provide an option chain with a strategy mode that allows you to formulate and carry out your trading plans.
Key Features
The mobile application offered by Upstox makes it simple for a beginner to start trading.
You can create several watchlists on the platform and add equities, commodities, etc., for intraday trading.
There are no annual maintenance charges payable by the investor while keeping an Upstox account.
Best For: Upstox is suitable for traders who wish to utilize technical analysis as a tool for intraday and swing trading.
7. 5Paisa
One of the leading discount brokers in India, 5Paisa offers a variety of services, including commodity and equities trading. It was founded in 2016 with the main goal of providing broking services at low prices. 5Paisa is an AMFI-recognized distributor of mutual funds.
Key Features
They offer user-friendly web-based and mobile-based trading platforms to investors that offer them a seamless trading experience.
5Paisa offers investment in mutual funds through its platform.
Their FnO360 platform offers advanced tools so that investors can make informed decisions.
Best For: 5Paisa is an option for those who want to learn about the stock market through interactive workshops.
8. Sharekhan
Established in 2000, Sharekhan was among the first broking firms in India to provide online trading services to regular clients. By opening franchises around the nation, it expands its business at an exponential rate. It was purchased by the French investment banking company BNP Paribas later in 2016 and was then sold to Mirae Asset Financial Group in 2024.
Key Features
They provide a smooth mobile application with advanced trading tools.
Sharekhan offers an advanced training program for its investors through its online courses, popularly known as the Sharekhan Classroom.
It has a dedicated customer support team that addresses its customers’ queries.
Best For: For people who want to learn about technical and fundamental analysis, Sharekhan is the ideal choice.
9. Motilal Oswal Financial Services Limited
Motilal was founded in 1987 and is regarded as a major participant in the Indian broking industry. It offers advisory services, portfolio management services and investment in various asset classes. With more than 30 years of experience and multiple awards in recent years, they offer research reports in addition to advanced trading tools through their website and their mobile application named RISE.
Key Features
Motilal Oswal Financial Services Limited provides its clients with customized financial solutions.
Their mobile application is one of the best in the industry due to its user-friendly interface.
Loans against securities are also offered by the company.
Best For: Ideal for investors who wish to have access to a variety of specialized financial products in one location, including portfolio management services.
10. SBI Securities
It was incorporated in the year 2006, and initially, it was known as SBICap Securities Limited. It is a wholly-owned subsidiary of the State Bank of India, which is India’s largest public-sector bank. SBI Securities is known for its extensive branch network and trust among investors due to government support for SBI. Along with equity and commodity trading services, it also offers research and advisory services.
Key Features
They have personalized relationship managers for their high-net-worth individual clients.
SBI Securities can increase the purchasing power of existing customers by offering them margin trading facilities for intraday traders.
Best For: This platform is suitable for both new and experienced investors as it offers comprehensive services. However, the fees charged by them are comparatively higher than those of others.
11. Axis Direct
Axis Direct was founded in 2011 and is a division of Axis Securities Limited, which is a subsidiary of Axis Bank. The company used innovative technology and created the Axis Direct platform, which is now among the top trading platforms in the Indian broking industry. The customers of Axis Bank can easily link their bank account to their demat account. The company’s headquarters is situated in Mumbai.
Key Features
It offers advanced trading and investing platforms to its customers.
The Axis Direct provides regular, in-depth fundamental research reports on different stocks, sectors, and commodities.
Margin funding is also an additional feature provided by Axis Direct to their investors.
Best For: Investors looking to use the margin trading facilities provided by the broker can consider Axis Direct as an option.
12. IIFL
In 1985, IIFL was established as a division of the India Infoline Group. Originally founded as an advisory firm, its primary focus was on research and related activities. In 2005, it changed its name to India Infoline and went public on the Indian Stock Exchange. The company offers an advanced trading platform and ensures that its investors make wise investment decisions through its research reports.
Key Features
IIFL offers research and advisory services to its customers.
It also offers a user-friendly trading platform.
Various free educational sessions are also provided by IIFL to their customers to enhance their knowledge.
Best For: Investors may choose to open a demat account with IIFL if they would like research and advisory services in addition to quick trade execution.
13. Edelweiss Broking
The Edelweiss Group chose to expand their business in 2008, and decided to enter into the broking service industry, and established Edelweiss Broking Limited. From 2010 to 2015, the company focused on research and advisory services. Along with this, they offered their clients a cutting-edge investing platform. The company began to diversify its product portfolio and included mutual funds and portfolio management services in 2015.
Key Features
It offers algorithmic trading services to its customers.
They also suggest actively managed funds to their customers based on market conditions.
Daily market updates are also provided by Edelweiss to their investors so that they stay updated about the market conditions.
Best For: Edelweiss broking is suitable for those investors who are looking for a comprehensive array of services, such as advisory, trading etc., in one place.
14. Groww
It was incorporated in 2016 by the four Flipkart employees. Over time, this platform has grown in popularity among beginners in trading because of its easy-to-use interface.
Key Features
It charges minimal fees from its customers.
They provide investment in stocks, ETFs, mutual funds, etc., along with credit and bill payment services.
Best For: It is suitable for investors who wish to have access to all their investments in one place or at a single application.
15. Paytm Money
When Paytm Money was launched in 2017, it started operations as a direct mutual fund investment platform. One97 Communications Limited, the parent firm of Paytm, gained popularity right away among individual investors looking to cut costs when investing in mutual funds. In 2019, the company decided to provide low-cost stock trading services. The company’s headquarters is situated in Bengaluru.
Key Features
Paytm offers a user-friendly application to provide their investors with a hassle-free trading experience.
It also offers access to direct mutual funds through which a customer can save costs.
It offers various calculators, such as SIP, lumpsum, etc., on its platform.
Best For: It is suitable for investors who are looking for platforms that offer trading facilities at a lower cost and fulfill their investment needs.
Top 3 Recommendations for Traders
The 3 recommended brokers for the traders are as follows:-
Zerodha: Due to their cost-effectiveness, investors adore Zerodha, which is regarded as the biggest broker in India with millions of customers, affordable pricing, and flat brokerage costs. Sensibull for sophisticated options trading, Streak for algo trading, KITE for web and mobile-based trading, and a tiny case for theme-based investment are some of its intelligent trading tools. Their trading tools make it easy to place orders, and Varsity, their educational program, is a special selling point.
Pocketful: Another up-and-coming stock broking company that provides a variety of investing possibilities and has no equity delivery fees. The application is simple to use and navigate. The platform, which aims to make investing easier, is a relatively new fintech platform in India. Its goal is to offer a smooth trading experience. The Goel brothers, Rishabh and Sarvam, founded it. The Goel Brothers are differentiating Pocketful from other bargain brokers by using their family’s experience from the Pace Stock Broking company, which has been involved in financial services for more than 30 years.
Upstox: In addition to offering slick trading interfaces, Upstox charges trading costs that are comparable to Zerodha’s flat rates. It has sophisticated charting capabilities, and Upstox has a special feature called Tick-by-Tick Engine that gives retail traders information regarding buy and sell orders. Previously, this capability was restricted to institutional and wealthy individual clients.
Top 3 Recommendations for Investors
The 3 recommended brokers for the investors are as follows:-
Pocketful: The ideal alternative for those who want to make long-term investments is Pocketful. This finance platform is modern. There are no annual maintenance fees, account opening fees, or delivery fees with Pocketful. Their platform is built on state-of-the-art technology created by experts with over 27 years of experience. Through their site, one can invest in a wide range of assets, improving the user experience.
Kotak Securities: One of the biggest private sector banks in India, Kotak Mahindra Bank, owns Kotak Securities as a subsidiary. Additionally, it provides its clients with bank accounts and integrated demat trading for simple money transfers. Kotak Securities offers a vast array of investing options, such as mutual funds, stocks, derivatives, fixed-income products, and more. It provides cutting-edge trading platforms like Kotak Stock Trader, a web-based trading platform, and KEAT Pro X, a desktop-based trading platform that gives active traders access to real-time market data. It also offers sophisticated charting tools.
Motilal Oswal Financial Services Limited: Founded in 1987, it is one of the top broking organizations in India, providing a wide range of investment alternatives, portfolio management services, and consulting services. Their advanced trading systems include. It provides the desktop trading terminal in addition to the investor and trader apps. Motilal Oswal’s research and advising services are regarded as some of the best in the business. It provides customized consulting services for its HNI clientele and has thirty years of research knowledge. One of the best PMS services available in the market is their portfolio management platform.
Cost Efficient – A good demat account must be cost-efficient, which means the brokerage and other kinds of fees levied by the broker are less.
Ease of Tracking and Managing Investment – As securities are held in electronic form, the tracking and managing of investments is efficient and hassle-free.
Enhanced Trading Experience with Advanced Platforms – The trading platform offered by the broker must be equipped with advanced trading tools to enhance the trading experience of a trader.
Ease of Account Opening – The process of opening an account with a broker should be easy and convenient. Nowadays, a demat account can be opened in just 24 hours.
Free Research Tools—Many brokers provide demat accounts for free. However, their trading and research tools are paid; for this reason, one should consider opening a demat account with a broker that provides free research resources.
Reliability – The broker with whom you open your demat account must be credible and reliable.
Transparent Pricing – The pricing offered by the broker must be transparent. There must be no hidden charges.
Importance of Demat Account in Trading and Investing
There are various of having demat accounts, a few of which are mentioned below-
Holding Securities – A Demat Account allows you to hold securities electronically.
Transactions – If you want to sell or buy any securities, a demat account makes the process simpler.
Nomination – An investor can nominate their close ones who will inherit the securities held in their demat account in case of the holder’s unfortunate death.
No Minimum Balance – You are not required to have any minimum balance in your demat account.
Corporate Actions – The demat account manages all the corporate actions like right issues, bonus shares, etc.
How to choose the right Demat Account for Long Term Investment
There are various factors one should consider before choosing the right demat account, a few of which are mentioned below:-
Investment Objective: Selecting a platform that provides sophisticated trading tools and cheap transaction fees is essential if you are a short-term trader. However, you should search for a broker that offers cheap annual maintenance fees if you are a long-term investor.
User-friendly interface: Before selecting a broker, you should confirm that the platform they provide is user-friendly and straightforward to use so that you can trade with ease.
Research Services: If you are new to investing, then you must opt for a broker which offers you valuable research reports and research calls that can make your investments.
Customer support: The customer support offered by the broker must be taken into consideration as Whenever you face any issues the queries must be resolved on an immediate basis.
Hidden charges: Various brokers in the industry charge some kind of hidden fees from their customers; therefore, before choosing a broker, one must conduct proper research about the hidden charges.
Trading Platform: Before choosing a broker, one must consider a trading platform which offers all the key features required by a trader or investor.
Conclusion
In conclusion, you should evaluate the services, fees, customer service, etc., that your broker offers if you intend to open a demat account. The investor’s investment goal also influences the broker’s choice. A Demat account, which provides the lowest brokerage and cutting-edge trading platforms, is something you should think about if you are a short-term investor. Choose a broker that offers the lowest or no annual maintenance fees, though, if you are a long-term investor. With its cutting-edge trading tools, lowest brokerage, lowest annual maintenance fees, and other features, Pocketful provides you with a demat and trading account. By clicking the link, you can open a demat account with us.
Frequently Asked Questions (FAQs)
Which Demat Account is Best for Beginners?
Depending on their investing goal, beginners should select a Demat account. When searching for short-term trading opportunities, a Demat account with the lowest brokerage is a requirement, but when seeking long-term investment, a Demat account with the lowest yearly maintenance expenses is a must. We at Pocketful provide you with the most affordable brokerage and yearly maintenance fees.
Is there a difference between a demat account and a trading account?
Indeed, the trading account allows you to buy or sell assets, whereas the Demat account just keeps them in electronic form.
Can I open a trading and demat account with the same broker?
Yes, you can open both trading and demat accounts with any broker that offers integrated account services.
Who can open a trading and demat account?
Any resident or non-resident person, corporate entity, or minor may open a Demat account; however, the legal guardian must be the only person able to manage the minor’s account.
What is the minimum amount required to open a demat account?
To start a demat account, you simply need to pay the opening fees, which are typically waived by brokers. There is no minimum amount needed.
In 2025, selecting the right Demat account is crucial for retail and institutional investors as India’s financial markets expand. Demat accounts play an important role in the electronic holding and trading of securities. However, understanding the fees related to these accounts is essential for maximizing your returns.
This blog explains the types of demat account charges and compares demat account charges.
Why Should You Compare Demat Account Charges?
Demat accounts have various visible and hidden fees that can impact investment costs. Investors can boost their returns and minimize costs by comparing account opening fees, maintenance charges, transaction fees, and other related expenses.
Types of Demat Account Charges
Before we start with the comparison, it is essential to know the main types of demat account charges as listed below:
Account opening charges: It is a one-time charge that is incurred for opening a demat account.
Annual maintenance charge (AMC): It is a yearly fee for keeping your demat account active.
Brokerage charges: These are the costs incurred for executing trades on the platform.
Dematerialization and Rematerialization charges: Fees for converting securities from physical to electronic forms and vice versa.
Off-market transaction charges: Fee applicable for transferring securities between demat accounts.
DP Charges: These charges refer to the fees imposed by depository participants on behalf of depositories such as CDSL or NSDL for holding your securities
Pledging Charges: These are the charges that are applied by the broker when securities are used as loan collateral or fulfill margin requirements.
Comparison of Demat Account Charges Across Popular Brokers
Broker
Account opening charges
Account maintenance charge
Dematerialization and Rematerialization charges
Brokerage Charges
Pocketful
0
For non-BSDA accounts 1. For Individuals: First year free, then Rs.70/- + GST charged quarterly. 2. Non-Individual: Rs. 1,000/- + GST charged quarterly. 3. NRI: Rs.500/- + GST
For BSDA Accounts 1. Up to Rs. 4 lakhs: Nil 2. More than Rs. 4 lakhs but up to Rs.10 lakhs: Rs. 25/- + GST (Charged Quarterly) 3. More than Rs.10 lakhs: Not a BSDA. Regular AMC may be levied.
1. Demat: Rs. 150/- per certificate 2. Remat: Rs. 150/- per certificate + CDSL Charges
1. Equity Intraday: Rs. 20 per executed order or 0.03% of turnover, whichever is lower 2. Equity Delivery: Rs. 20 per executed order or 0.05% of turnover, whichever is lower 3. Futures- Rs. 20 per executed order or 0.03% of turnover, whichever is lower 4. Options-Rs. 20 per executed order
1. For BSDA: Rs. 0 if holding > INR 4 Lakh 2. Non-BSDA: INR 300/year+18% GST charged quarterly
1. Demat (Per certificate) : Rs. 150/- per certificate. 2. Remat (Per certificate): Rs. 150/- per certificate+ CDSL Charges
Courier charges of Rs. 100 are applicable for each demat/remat request.
1. Equity Delivery: Rs.0 2. Equity Intraday: 0.03% or INR20/ executed order, whichever is lower 3. Futures: 0.03% or INR 20, whichever is lower 4. Options: Rs. 20 per executed order
5 Paisa
Free
1. For BSDA a) 0 per month if your holding value is less than INR50,000 b) INR 8 per month if your holding value is INR 50,000 to INR 2,00,000 c) Rs. 25 per month if your holding value is above INR 2,00,000 2. For Non-BSDA: INR 25 per month
1. Demat – INR 15 per certificate 2. Remat – INR 15 per Certificate ORper 100 Units/shares(whichever is higher)
1. Equity Cash/ Equity F&O: INR 20 per order
Angel One
0
1. For Non-BSDA: INR 60 + GST per quarter
2. For BSDA: a) NIL if Holding Value less than INR 4,00,000.00 b) Rs. 100 + GST per year if holding value greater than Rs. 4 lakh and less than Rs. 10 lakh c) Holding value above Rs. 10 lakh is a non-BSDA account.
1. Demat: INR 50 per certificate 2. Remat: INR 50 per certificate + Actual CDSL Charges
1. Equity Delivery: Rs. 0 up to Rs. 500 for first 30 days. Then lower of INR 20 or 0.1% perexecuted order, a minimum INR 2 2. Intraday: Rs. 0 brokerage up to Rs. 500 for first 30 days, then lower of INR 20 or 0.03%. 3. F&O: Rs. 0 brokerage up to INR 500 for the first 30 daysthen, INR 20 per executed order
Upstox
0
Only for those accounts opened before August 2021 1. AMC of INR 150 + GST = ₹177/- 2.Quarterly maintenance charges of ₹75 + GST = ₹88.50/- (as applicable as per offer/plan)
1. Demat: INR 200 per share certificate, INR 50 for courier services +18% GST. 2. INR 25 for every certificate
1 . Equity Delivery: INR 20 per executed order 2. Equity Intraday: INR 20 or 0.05%, whichever is lower 3. Futures: INR 20 or 0.05%, whichever is lower 4. Options: INR 20 per executed order.
Groww
0
0
Demat/Remat – INR 150 per certificate + courier charges.
1. Equity: INR 20 or 0.05% of order value, whichever is lower. 2. F&O: INR 20 per executed order
Non-BSDA or Regular Demat Account: This account suits active traders and investors with higher investment volumes and usually involves higher maintenance charges.
Factors to Consider When Choosing a Demat Account
Various factors to consider before choosing a Demat account are:
Demat Account Charges: Certain brokers impose fees for opening a demat account, while others provide the service at no cost. When opening a demat account, an individual should factor in the amount of the account opening fee and AMCs.
Brokerage: Compare brokerage rates for intraday trading, delivery trades, and future & options trading. Choose discount brokers for frequent trading as they generally offer lower fees than full-service brokers.
Trading Platforms and Tools: Make sure the broker offers a dependable and user-friendly platform for trading on mobile applications. Look for advanced features such as real-time charts, technical analysis tools, and quick execution speed.
Regulatory compliance and Ratings: Check if the broker is registered with regulatory authorities such as SEBI. You can go through the customer reviews and ratings on the internet to assess the reliability of their service.
Customer support: Seek brokers that provide fast and easy customer service via phone, email and live chat. Also, check their service hours and availability during trading hours.
Nomination services: Select a broker that lets you choose a nominee to protect your investment. Use brokers with strong security measures like two-factor authentication to safeguard your account.
Geographic reach and branch network: If you value in-person support, consider choosing brokers that offer an extensive branch network. Assess their capability to offer services in various cities or regions.
Account closure and Transfer process: Check the process and any fees for closing your account or transferring holdings to a different demat account.
Hidden Charges to Watch out for
You must be aware of the hidden charges associated with a Demat account:
Call & Trade Charges: These are fees charged for placing orders via phone with your broker instead of using online trading platforms. If you find yourself unable to execute trade online because of technical difficulties, you can choose the call & trade option.
Stamp Charges: This is a kind of tax imposed by the government on the value of security traded in your account. It is charged during the purchase of stocks and other assets.
Account with Debit Balance: It is a penalty or interest imposed on a demat account because of insufficient funds for unpaid balances.
Margin Trading Facility (MTF): It is a facility that allows investors to borrow funds from the broker to trade larger positions than their available cash balance. Additional interest charges are imposed when an individual avails margin facility to buy shares.
DIS Slip Request Charges: DIS stands for delivery instruction slips. These are the charges levied for obtaining DIS booklets to transfer shares offline between demat accounts. It is applicable for manual share transfers instead of online ones and is often needed by investors with accounts at different DP.
DDPI Charges: DDPI stands for Demat Debit and Pledge Instruction. These charges are levied when issuing DDPI, which allows brokers to debit or pledge securities from an individual’s demat account.
How Can I Reduce My Demat Charges?
Lowering your demat account fees can improve your investment returns. Some of the points by which you can reduce your demat charges are listed below:
Choose discount brokers because they usually have lower account opening fees, AMC, and transaction costs than full-service brokers.
Avoid having multiple demat accounts unless necessary since each one has its own maintenance fees. Transfer holdings from unused accounts to your active account and close dormant accounts to save on AMC.
Reduce the frequency of transactions because every trade comes with transaction fees. Choose long-term investments instead of high-frequency trading (HFT) to lower brokerage fees and other costs.
If your portfolio is worth up to ₹4,00,000 in India, you can think about switching to a BSDA or basic service demat account.
Evaluate your broker’s performance and fees regularly. If you are paying high fees or their services are unsatisfactory, you can consider transitioning to a more cost-effective broker that offers better options.
Selecting the ideal broker for a demat account involves striking a perfect balance between cost-effectiveness and the variety of features available. Choose the platform that matches your financial goals and trading style, has lower fees, advanced features and offers personalized support. By assessing the fees, services and benefits, you can make a smart decision to enhance your investment returns in 2025. It is advised to consult a financial advisor before investing.
Frequently Asked Questions (FAQs)
What is a demat account, and why do I need it?
A demat account is used to hold financial assets such as stocks, bonds, and ETFs in electronic form. It removes the need for physical share certificates and ensures faster, secure trading in the stock market.
Can I open a demat account without linking it to a trading account?
You can open a standalone demat account to store securities. However, if you want to trade in the stock market, you will need a trading account as well.
Are there any hidden charges I should watch out for?
Some of the common hidden charges include call & trade fees when using customer support and higher AMC after initial promotional periods.
Can we maintain 2 demat accounts?
You can open multiple demat accounts with different DPs.
What is the difference between CDSL and NSDL?
CDSL and NSDL are two depositories in India where your securities are stored, and your demand account is opened at one of these depositories. There is no difference between CDSL and NSDL as both provide the same services and are regulated by the SEBI.
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