Are you confused about finding the most optimal demat account charges in India with a lot of choices, undisclosed charges and terminologies? You are not the only one. Choosing the right demat account may be a tiresome task, as there are dozens of brokers that want to get your attention and offer the best rates and features. This guide demystifies the recent 2025 demat account fees, names the best brokers (with Upstox being the best), and lets you make a secure, informed decision-with reputable facts by prominent financial websites in India.
Top 7 Demat Accounts in India 2025: Our Picks
The best demat account providers in India in 2025, handpicked and according to their fees, features and experience of using the account, are listed below:
- Upstox (Editor,s Choice: Best Value & Low Charges)
- Zerodha
- Angel One
- Groww
- ICICI Direct
- HDFC Securities
- 5paisa
Why Choose Upstox as Your Demat Account in 2025?
Among all, Upstox has the lowest fees and the richest features as a demat account in 2025. This is the reason thousands of investors are creating their demat accounts with Upstox this year:
- No account Opening Fee: You can begin investing without a fee.
- Low Annual Maintenance Charges (AMC): Pay as low as 150 per year as demat AMC- the lowest among all leading brokers.
- Flat Brokerage: 20 per order executed on any segment, or 2.5 percent of delivery trades (whichever is lesser).
- Free Equity Delivery: No charge on equity delivery and mutual funds investments.
- Trading Platforms: Access Pro Web and Mobile apps and tools and research.
- CDSL Depository: Your securities are in safe custody with CDSL which is the largest depository in India.
- Clear Pricing: No hidden costs, or unexpected fees.
- Upstox is the best option to choose by investors who are price-sensitive and require powerful technology and competitive transparent pricing.
Key Features of Top Demat Accounts
| Broker | Account Opening Fee | AMC (Yearly) | Equity Delivery | Intraday | F&O | Mutual Funds | Platform Highlights |
| Upstox | ₹0 | ₹150 | ₹20/order or 2.5% (lower) | ₹20/order or 0.05% (lower) | ₹20/order | Free | Pro Web, Mobile, CDSL |
| Zerodha | ₹0 | ₹300 | ₹0 | ₹20/order or 0.03% (lower) | ₹20/order | Free | Kite, Varsity |
| Angel One | ₹0 | ₹240 | ₹0 | ₹20/order or 0.25% (lower) | ₹20/order | Free | Angel One App, Research |
| Groww | ₹0 | ₹0 | ₹20/order | ₹20/order | ₹20/order | Free | Groww App, Simple UI |
| ICICI Direct | ₹0 | ₹700 | 0.55% | 0.275% | ₹20/order | Free | 3-in-1 Account, iTrack |
| HDFC Securities | ₹0 | ₹750 | 0.5% | 0.05% | ₹20/order | Free | Multiple platforms |
| 5paisa | ₹0 | ₹300 | ₹20/order | ₹20/order | ₹20/order | Free | Robo-advisory, 5paisa App |
Detailed Breakdown: Upstox Demat Account Charges 2025
- Account Opening Fee: ₹0 (Free)
- Annual Maintenance Charges (AMC): ₹150 per year (after first year; some sources mention ₹300, but ₹150 is the latest as per 2025 updates)
- Equity Delivery Brokerage: ₹20 per executed order or 2.5% of the order value, whichever is lower
- Equity Intraday Brokerage: ₹20 per executed order or 0.05% of the order value, whichever is lower
- Futures & Options Brokerage: ₹20 per executed order
- Currency & Commodity: ₹20 per executed order or 0.05% (lower)
- Demat Debit Transaction Fee: ₹13 + ₹5.50 (CDSL charges) per scrip
- Pledge Creation/Closure: 0.02% of transaction value (min ₹50) + CDSL charges
- Remat Charges: ₹25 per certificate or 0.05% of value (higher)
- Failed Transactions: ₹50 per instance
Why Upstox?
- Zero account opening fee and lowest AMC for 2025
- Free equity delivery and mutual funds
- Flat, transparent brokerage for all segments
- Modern, user-friendly platforms for all devices
- Secure holdings with CDSL
Top 7 Demat Accounts: Why They Stand Out
1. Upstox
- Best for: Low charges, technology, transparency
- Why choose: Zero opening fee, low AMC, flat ₹20 brokerage, free delivery, robust app/web platforms
2. Zerodha
- Best for: Market leader, low brokerage, educational tools
- Why choose: ₹0 delivery, ₹20/order for other trades, advanced Kite platform
3. Angel One
- Best for: Beginners, advisory services
- Why choose: ₹0 delivery, ₹20/order, personalized research and margin trading
4. Groww
- Best for: Simplicity, new investors
- Why choose: ₹0 opening/AMC, ₹20/order, easy-to-use app
5. ICICI Direct
- Best for: 3-in-1 account, integrated banking
- Why choose: 0.55% delivery, ₹20/order for F&O, seamless bank-trading integration
6. HDFC Securities
- Best for: Full-service, research
- Why choose: 0.5% delivery, ₹20/order, daily reports, wealth management
7. 5paisa
- Best for: Automated advice, low cost
- Why choose: ₹20/order, robo-advisory, simple web/mobile platform
Comparison Table: Demat Account Charges 2025
| Broker | Account Opening Fee | AMC (Yearly) | Delivery Brokerage | Intraday Brokerage | F&O Brokerage | Demat Debit Transaction | Pledge Charges |
| Upstox | ₹0 | ₹150 | ₹20/order or 2.5% | ₹20/order or 0.05% | ₹20/order | ₹13 + ₹5.50 per scrip | 0.02% of value (min ₹50) + CDSL |
| Zerodha | ₹0 | ₹300 | ₹0 | ₹20/order or 0.03% | ₹20/order | ₹13.5 per scrip | 0.03% of value (min ₹50) |
| Angel One | ₹0 | ₹240 | ₹0 | ₹20/order or 0.25% | ₹20/order | ₹20 per scrip | 0.02% of value (min ₹50) |
| Groww | ₹0 | ₹0 | ₹20/order | ₹20/order | ₹20/order | ₹15 per scrip | 0.02% of value (min ₹50) |
| ICICI Direct | ₹0 | ₹700 | 0.55% | 0.275% | ₹20/order | ₹20 per scrip | 0.02% of value (min ₹50) |
| HDFC Sec | ₹0 | ₹750 | 0.5% | 0.05% | ₹20/order | ₹20 per scrip | 0.02% of value (min ₹50) |
| 5paisa | ₹0 | ₹300 | ₹20/order | ₹20/order | ₹20/order | ₹12.5 per scrip | 0.02% of value (min ₹50) |
How to Choose the Best Demat Account for You
The choice of demat account is not only about minimum fees. These are the things that you should have in mind:
- Account Opening & AMC: The fee should be zero or minimal to reduce both one-time and periodic expenses.
- Brokerage Structure: Flat low brokerage is optimal where you trade regularly; percentage based brokerage can be good where you are an occasional investor.
- Platform & Tools: Make sure that the broker has powerful and convenient web and mobile tools.
- Customer Support: Customer support plays a big role in responding to problems in time.
- Other Features: Look out for value added services such as research, margin trading or robo-advisory.
- Reputation & Security: Select brokers who are registered with SEBI and who have a good track record and depositories tie ups with good security.
Frequently Asked Questions (FAQs)
Q1. What is the lowest-charged demat account in India in the year 2025?
Upstox has the lowest set of account opening charges (0), annual maintenance charges (150) and flat 20 rupee per order brokerage.
Q2. Does zero AMC demat account exist?
Groww also provides a zero AMC demat account, although the AMC of Upstox is one of the most affordable in terms of full-service features.
Q3. How much do you have to pay to sell shares in Upstox?
To the tune of 13 rupees plus 5.50 rupees (CDSL charges) per scrip per debit transaction.
Q4. Does Upstox demat account have any hidden charges?
No, Upstox supports open pricing where all charges are well disclosed.
Q5. Is it possible to open a demat account online?
Yes, instant account opening is available in all major brokers such as Upstox, Zerodha, and Angel One.
Q6. What is the best broker to be a beginner?
Upstox, Zerodha and Groww are rated high because their platforms are user-friendly and because they have low charges.
Q7. How much must I put to open a demat account?
The majority of the brokers, Upstox being one of them, do not possess any minimum balance rule.
Q8. Is Upstox securities safe?
Yes, Upstox is a SEBI registered broker and has CDSL as a secure depository.
Q9. What are Upstox pledge charges?
0.02 per cent of value of transaction (min 50 rupees) and CDSL charges (as applicable).
Q10. Will I be able to invest in mutual funds using my demat account?
Yes, Upstox and other popular brokers make it possible to invest in mutual funds free of charge using their platforms.
Conclusion: Choose the Best Demat Account Charges in India for 2025
A demat account in India does not have to be a confusing world. By the year 2025, Upstox is the ultimate demat account winner, especially because it offers zero account opening charges, lowest AMC, flat brokerage, and the latest technology. Be it a novice investor or an experienced trader, Upstox provides value, transparency and peace of mind.
And are you ready to go the next step? Open Upstox demat account today and feel the difference.