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Best Demat Account for Beginners in India 2022

Talking about beginners, they have two choices: opening a Demat account with a stockbroker or directly with a bank. With the bank, there is a convenience of three in one account. This account combines your bank account Demat account and trading account, which helps make the process seamless. The process goes like when you buy securities, the amount to pay for them is debited from your bank account, and the shares are credited to your Demat account; through the trading account, the trades are executed.

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Best Demat Account for Beginners in India 2022

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  1. Best Demat Account for Beginners in India Investing in the stock market requires a Demat account especially when you are a beginner you need deep information about the Best Demat Account for Beginners in India. A Demat account is similar to a bank account in that it keeps your shares and securities in one place. The working is quite similar, when you buy shares they are credited in your Demat account and when you sell shares they are debited from your Demat account. Since everything is held electronically there are no physical shares, providing to which you need a Demat account that will hold your securities at one place.’ Why is a Demat account required? A Demat account is the first step if you wish to trade in the stock market. There are three accounts required to trade i.e. Demat account, a trading account and a linked bank account. A Demat account is different from a trading account in the Demat account you hold the securities in one place. The data is secured in the electronic form on the other hand through a trading account you execute the data which will reflect in your Demat account. Demat account is important to trade in stock exchange i.e. in stocks, commodities and currency. Moreover, it is also a requirement if you wish to invest in IPOs, Bonds and Mutual Funds. In short, a

  2. Demat account holds the securities stocks, bonds and mutual funds etc., in electronic form. Top 10 Demat accounts for beginners in India This list covers the best Demat account for beginners. If you are a beginner and looking for the options of the Demat account then you can go through these stock broking firms for the same. S.No Broker Name ICICI Direct 1. Sharekhan 2. Motilal Oswal (MOSL) 3. 5paisa 4. Zerodha 5. Upstox 6. Kotak Securities 7. SBI securities 8. HDFC Securities 9. Finvasia 10. Insight of the companies Here is the complete insight of the companies offering the best Demat account for beginners. You can go through each company and learn about them. 1. ICICI Direct

  3. The first one on the list of best Demat accounts in India is ICICI Direct. It is one of the largest retail stock broking firms in India. The company is the subsidiary of the ICICI group offering services in online trading and investment services to over 50 lakh customers. It covers the major services of the stock market that includes equity, commodity, and currency trading at BSE, NSE, and MCX. Moreover, the company also offers services in Mutual Fund & IPO, Fixed deposits, Bond, NCD, wealth products, Home Loans, Loans against Securities, etc. They have a popular 3 in 1 account for its customers which includes ICICI Bank Account, ICICI Trading Account, and ICICI Demat Account. This results in a seamless trading experience. Also, they have a variety of plans to offer to their customers such as the Lifetime Prepaid Brokerage Plan, I-Secure Plan, ICICIdirect Prime Plan, and Neo Plan. Here are the details of ICICI Direct Account Opening Charges and AMC Transaction Charges Account Opening Charges Rs 0 (Free) Demat Account Annual Maintenance Charges AMC Rs 300 per year Demat Debit Transaction Charges (Sell Orders) Rs 20 per transaction Call & Trade Charges Rs 50 per order 2. Sharekhan The company started in February 2000 and is the 3rd largest stockbroker after ICICI Direct and HDFC Securities. It is one of the leading companies that provide the best Demat account for beginners. They are currently working through the online trading website Sharekhan.com. Moreover, they have their physical

  4. presence i.e.1800 offices that are the franchises and branches in over 550 cities across India. The company has its International presence too in UAE and Oman. The services offered are for all kinds of customers including individual investors and traders, corporate, institutional and NRI's. Currently, they offer services in various segments like equity cash and derivatives segments on BSE and NSE, commodities trading facilities on MCX and NCDEX. It also offers depository services (Demat account) and the option to invest in mutual funds and IPOs. Here are the details of Sharekhan Account Opening Charges and AMC Transaction Charges Trading Account Opening Charges (One Time) Rs 0 Trading Annual maintenance charges (AMC) Rs 0 Demat Account Opening Charges (One Time) Included in trading account opening charges Demat Account Annual Maintenance Charges (AMC) 3. Motilal Oswal (MOSL) The company Incorporated in 1987, as Motilal Oswal Securities Ltd. (MOSL). It is a Mumbai based financial service firm that offers services in Equity, Commodity, Currency and Derivatives. Moreover, they deal in other products like Mutual Funds, IPOs, Gold, Insurance and Fixed Income products. It has a famous segment MOAMC discretionary Portfolio Management Service (PMS). The company has been widely recognized for its top Demat account in India. The cline base is quite diversified that includes retail customers (including High Net worth Individuals), mutual funds, foreign institutional investors, financial institutions and corporate clients. Currently, they have a network spread over 500+ cities and towns. It comprises 2,200+ Business Locations operated by the company and its Business Partners. Rs 400 (Free for 1st year with a trading account.)

  5. Moreover, they have over 10,00,000 registered customers with over Rs 69,500 Crores in depository assets. Here are the details of Motilal Oswal (MOSL) Account Opening Charges and AMC Transaction Charges Trading Account Opening Rs 1000 (One Time) Trading Annual Maintenance (AMC) Rs 0 Demat Account Opening Rs 0 Demat Account Annual Maintenance (AMC) Rs 299 4. 5paisa 5 paisa is one of the leading names in the online stockbroking field. It is offering discount broking services to retail investors in India. The company is publicly traded and professionally managed and promoted by IIFL founders. Currently, they have over 1.2 million clients. The services they offer are in equity, commodity, and currency at BSE, NSE, and MCX, they are flat-rate discount stockbrokers. The brokerage charges are a flat 20 Rs brokerage irrespective of the size of the trade, segment, or exchange. It has subscription plans such as Basic Pack, Power Investor Pack, and Ultra Trader Pack. The plans have their own benefits such as Zero Account opening charges to Flat Fees reduced from Rs 20 to Rs 10. The services of the Demat account are offered through its depository participant membership with CDSL. customers can trade through Mobile Trading App, Trading Website, and Installable Trading Terminal.

  6. Here are the details of Motilal Oswal (MOSL) Account Opening Charges and AMC Service Charges Trading Account Opening Charges (One Time) Rs 300 Trading Annual maintenance charges (AMC) Rs 0 Demat Account Opening Charges (One Time) Rs 0 Demat Account Maintenance Charges (AMC) Rs 540 yearly (charged as Rs 45 per traded month) 5. Zerodha Zerodha is the best stock broker in India with the title of largest and most popular broker offering online flat fee discount brokerage services. They deal in various segments such as Equity, Currency, Commodity, IPO and Direct Mutual Funds. It has some exciting brokerage plans such as, it charges Rs 0 brokerage for equity delivery trades and direct mutual funds. In the case of the intraday and F&O, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. It is one of the most renowned providers of top Demat accounts in India. It offers an excellent online trading platform that charges a low brokerage fee, and is the most transparent stockbroker. Here are the details of Zerodha Account Opening Charges and AMC Transaction Charges Trading & Demat Account Opening Rs 200

  7. Trading Account AMC Rs 0 Demat Account AMC Rs 300 per year 6. Upstox Upstox is one of the most renowned names in the stock broking industry. Upstox provides the Best Demat Account in India. They are the tech-first low cost broking firm in India that provides the trading in some unbeatable prices. It deals in different segments such as equities, commodities, currency, futures, options. One can easily trade through their Upstox Pro Web and Upstox Pro Mobile trading platforms. The company is managed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix. Moreover they offer trading, analysis, charting and many more rich trading features. The trading platform is built on the Omnisys NEST OMS (Order Management System) and Omnisys NEST RMS (Risk Management System). Moreover, they are offering the best Demat account for beginners. Customers who are interested in trading in the Equity F&O, Equity Indra-day, Commodities and Currency Derivatives can do it through Upstox Pro. it is one of its paid services. Here are the details of Upstox Account Opening Charges and AMC Transaction Charges Upstox Account Opening Charges Rs 249 Upstox Demat AMC Rs 0 7. Kotak Securities The company is the subsidiary of the Kotak Mahindra Bank. It was founded in the year 1994 providing stockbroking services and distributing financial products in India. Currently, they have 1209 branches, franchisees and satellite offices that offer services to 11.95 Lakh customers. Moreover, they are the leading members of the Bombay Stock Exchange and the National Stock Exchange. Also, they are

  8. the leading participants of National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL). The company that offers Kotak securities offers a three-in-one account i.e. is to open Demat, trading as well as a bank account together with Kotak Mahindra Bank Limited. The accounts help in the seamless transaction. The required funds get credited automatically. So it's easy to manage. The company offers services in Equity, IPO, Mutual Fund, ETF, Tax-free bonds, Currency Derivatives, Gold ETF etc. Here are the details of Kotak Securities Account Opening Charges and AMC Transaction Charges Trading Account Opening Charges (One Time) Rs 0 Trading Annual maintenance charges (AMC) Rs 0 Demat Account Opening Charges (One Time) Rs 0 Demat Account Opening Charges (One Time) Rs 600 per annum 8. SBI securities SBICAP Securities Ltd (SSL) is another leading stockbroking firm, subsidiary of State Bank Group and SBI iCapital Markets Ltd. It is a full time service broker that was founded in the year 2006. It offers services in Equity, Retail Equity, Derivatives, Broking, Depository services and Third Party Distribution products. Also, they provide online trading services to investors & traders. Moreover, they have the flagship trading platform of the company that allows Resident Indians and Non-Resident Indians (NRIs) to invest online. They can easily invest in Equity, Derivatives, Mutual Funds, ETFs, IPOs and NCDs. Moreover, the company is a provider of the demat account for beginners. They are also dealing in Home Loans, Car Loans, and Loan Against Securities (LAS). Also they are registered with the Securities Exchange Board of India and a Depository Participant with NSDL & CDSL.

  9. Here are the details of SBI securities Account Opening Charges and AMC Transaction Charges 3-in-1 Account Opening Charges Rs 850 Annual Maintenance Charges (AMC) Rs 500 9. HDFC Securities HDFC Securities(HDFCsec) is another leading stock broker who provides demat accounts for beginners. It is an Equity Trading Company and a subsidiary of HDFC Bank. The company provides both online trading and trading on the phone. Moreover the company offers the 3 in 1 account which makes the transaction seamless. This account includes the HDFC Securities trading account with your existing HDFC bank savings account and existing Demat account. The company provides services in Cash-n-Carry on both NSE and BSE, Day trading on both NSE and BSE, Trade on Futures & Options on the NSE and Online IPO Investment. Here are the details of HDFC securities Account Opening Charges Transaction Charges 3-in-1 Account Opening Charges Rs 999 10. Finvasia Finvasia is another leading firm providing the best Demat account for beginners. It is an Indian based technology-driven financial service provider. The company offers a wide range of financial services in India and 14 other countries. The key services they offer are trading in equity, currency and commodity, asset management, investment banking, advisory, and currency hedging. Moreover the company entertains the retail, institutional and foreign customers. The company is based in Chandigarh and they offer stock broking services in India since August 2016. Moreover they are members of BSE, NSE, and MCX.

  10. Transaction Charges Finvasia Trading Account Opening Charges Rs 0 Demat account Opening Fee: Rs 0 (Rs 199 for Power of Attorney) Trading Account AMC Rs 0 (Free) Demat Account AMC Rs 0 per year (Rs 1000 for corporate clients) Conclusion In conclusion this article concludes the top 10 Demat accounts in India for the beginners. There are many new investors and traders who have interest in investing and want the best suggestions for the demat account. This article covers the best Demat account for beginners. If you are interested in opening a demat account you can contact a broker or a sub broker for the same. To open demat account in top stock brokers companies visit us and get the cashback upto Rs 1000*.

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