Are you looking for the top demat account company in India in 2025 but you are overwhelmed with all the options and complicated fees? As the Indian stock market currently records a peak in the number of investors active in the stock market, it is important to select the best demat account to get the highest returns and make the trading process as smooth as possible. Regardless of whether you are an amateur or an experienced trader, the proper provider will provide not only low costs but also a highly capable technology, security, and customer service.
This complete guide, will assist you to determine the best demat account firms in India. Upstox takes the first position in our list due to its innovative features, clarity of its prices, and focus on its users. Read further to know the best demat account providers, compare their services and find the best one to suit your investment requirements.
Top Demat Account Companies in India 2025
Here’s a curated list of the top demat account providers in India for 2025, ranked by client base, technology, pricing, and service quality:
| Rank | Broker | Active Clients (Millions) | Account Opening Charges | AMC (Annual Maintenance) | Brokerage Charges | Key Features |
| 1 | Upstox | 7.5 | ₹0 | ₹0 (1st Year) | ₹20/order (all segments) | Advanced platform, instant onboarding |
| 2 | Zerodha | 7.96 | ₹200 | ₹300/year | ₹20/order (intraday/F&O), Free delivery | Largest discount broker, Kite platform |
| 3 | Groww | 13.02 | ₹0 | ₹0 | ₹20/order (all segments) | User-friendly app, MF & stocks |
| 4 | Angel One | 6.5 | ₹0 | ₹0 (1st Year) | ₹20/order (all segments) | Research, advisory, strong offline support |
| 5 | ICICI Direct | 4.5 | ₹0 | ₹700/year | 0.55% delivery, ₹20/order F&O | 3-in-1 account, bank-backed |
Why Choose Upstox as the Best Demat Account Company?
1. Transparent and Affordable Pricing
- Zero account opening charges and ₹0 AMC for the first year make Upstox one of the most affordable choices for new investors.
- Flat ₹20 per executed order across equity, F&O, commodities, and currency segments—no hidden fees or complicated slabs.
- No commission on mutual funds and IPO investments, maximizing your returns3.
2. Lightning-Fast, Paperless Onboarding
- Open your demat and trading account online in minutes with Aadhaar-based eKYC.
- 100% digital process—no paperwork, no branch visits, and instant activation for trading.
3. Advanced Technology and Trading Tools
- Access to a powerful web and mobile trading platform with real-time data, advanced charting, and customizable watchlists.
- Features like Advisor’s Pick offer SEBI-registered analyst recommendations directly within the app, helping you make smarter investment decisions.
- Margin Trading Facility (MTF) and Buy Now, Pay Later options for enhanced trading flexibility4.
4. Security and Trust
- Registered with SEBI and compliant with all regulatory standards.
- Robust data encryption and regular security updates safeguard your investments.
- Backed by industry leaders and trusted by over 7.5 million active clients.
5. Comprehensive Product Suite
- Invest in equities, mutual funds, IPOs, commodities, and currencies—all from a single account.
- Seamless integration with NSE, BSE, and MCX for a wide range of investment opportunities.
Key Features of Upstox Demat Account
- ₹0 Account Opening Fee
- ₹0 AMC for the 1st Year
- Flat ₹20 Brokerage per Order
- Instant Paperless Account Opening
- Advanced Trading Platform (Web & App)
- SEBI-Registered and Fully Compliant
- Zero Commission on Mutual Funds and IPOs
- Margin Trading Facility (MTF)
- Advisor’s Pick: SEBI Analyst Recommendations
- Comprehensive Customer Support
Comparison Table: Upstox vs Other Top Demat Account Providers
| Feature | Upstox | Zerodha | Groww | Angel One | ICICI Direct |
| Account Opening | ₹0 | ₹200 | ₹0 | ₹0 | ₹0 |
| AMC (1st Year) | ₹0 | ₹300 | ₹0 | ₹0 | ₹700 |
| Brokerage (Equity) | ₹20/order | ₹20/order | ₹20/order | ₹20/order | 0.55% delivery |
| Brokerage (F&O) | ₹20/order | ₹20/order | ₹20/order | ₹20/order | ₹20/order |
| Mutual Fund Charges | ₹0 | ₹0 | ₹0 | ₹0 | Varies |
| Platform | Advanced | Kite | User-friendly | Full-service | Full-service |
| Client Base (Millions) | 7.5 | 7.96 | 13.02 | 6.5 | 4.5 |
| Unique Features | Advisor’s Pick, MTF | Varsity, Kite | MF focus, easy UI | Research, offline | 3-in-1, banking |
How to Choose the Best Demat Account Company in India?
Choosing the appropriate demat account is based on the style, frequency and service expectation of your investment. The following is what to keep in mind:
- Brokerage, AMC: Select agents that are transparent and low cost to get maximum returns.
- Account Opening Process: Favour brokers that have the ability to complete the account opening process immediately and without using paper documents.
- Trading Platform: Analyze how easy it is to use, fast, and what advanced features are there.
- Product Range: Availability of stocks, mutual funds, IPOs, commodities and derivatives.
- Customer Support: Support is multi-channel and responsive in order to address issues.
- Security: The SEBI registration and the protection of data are not negotiable.
- Value-Added Services: Advice, research and educational tools will enable your investment decision.
Frequently Asked Questions (FAQs)
Q1: What is demat account and why do I have to have one?
Demat account stores your stocks and securities in electronic form and it is easy to trade and invest in it as it is secure.
Q2: What is the price charged for opening a demat account at Upstox?
Upstox has zero charges of account opening and zero AMC (first year).
Q3: What is the brokerage fee of Upstox?
A uniform rate of 20 per order executed in all segments i.e. in equity, F&O, commodities, and currencies.
Q4: Is Upstox registered and harmless?
The answer is yes since Upstox is SEBI-approved and has strict regulations and security measures.
Q5: Does Upstox offer an opportunity to invest in mutual funds and IPOs?
Absolutely. Upstox provides zero commission in investment in mutual funds and IPOs.
Q6: What is the fastest time that it takes me to open a demat account with Upstox?
Your account will be opened online in minutes, with no paper work, when you use your Aadhaar-based eKYC.
Q7: What are the special options of Upstox?
Upstox offers a strong and user-friendly trading platform, Advisor Pick (analyst recommendations) and Margin Trading Facility.
Q8: What are the comparisons of Upstox with other best brokers?
The cheap prices, the latest technology and application-oriented features make Upstox an ideal choice in 2025.
Q9: Does Upstox have any hidden charges?
No, it all is clearly stated on the official site. The government taxes and exchange fees are charged according to the regulations.
Q10: Is it possible to transfer my current demat holding to Upstox?
Yes, you can put your demat holding with any other company to Upstox by an easy online procedure.
Conclusion
Selecting the most appropriate demat account company in India is a very important step of every investor. By 2025, Upstox is the most preferred company that provides a combination of low cost, innovative technology and customer experience. Zero account opening fee, flat brokerage, quick onboarding and other exciting features such as Advisor Pick and Upstox Up, help you to take control of your financial future.
Are you ready to invest? Register your Upstox demat account now and get the next-level of trading and investing. Comment your favorite broker or read more at Sharebrokers.in!