Do you want to know the best demat account in India at lower key brokerage charges? Now that online trading and investment have become very popular, the selection of the de facto account can count a lot in your investment journey. The brokerage costs may cut on your returns whereas the ideal broker will enable you to substantially gain with inexpensive rates and excellent services. Here in this ultimate guide we simplify the best demat account in India in 2023 based on low brokerage fees, innovative offers and features.
Are you confused by the baffling variety of demat accounts with each one claiming to offer the best rates and facilities? You might be a novice trader or an experienced trader but it is very important to choose a demat account that will provide you with the combined features of low brokerage fees and consistent service. By the year 2025, any person could have a closer access to the Indian stock market, yet there is still a risk of such expenditures destroying your profits. We will take a look at the best brokers, the distinctive features of their services, and the current numerical figures in order to make a choice and know what you should choose.
Top 7 Best Demat Accounts with Low Brokerage Charges in India (2025)
Here’s a curated list of the most popular and cost-effective demat accounts for Indian investors in 2025, ranked by brokerage charges, features, and user experience:
- Upstox
- Zerodha
- Angel One
- 5paisa
- Groww
- ICICI Direct
- HDFC Securities
1. Upstox – The Top Choice for Low Brokerage and Smart Trading
Why Choose Upstox?
In terms of value, the investors voted Upstox as the best in 2025. It brings it together with a low-cost brokerage fee, a free account opening policy, and an effective trading platform. Upstox is a SEBI registered company that is extremely transparent in its pricing and uses state-of-art technology.
Key Features:
- Brokerage Charges:
- Equity Delivery: 20 rupees or two and half percent of the value of trade (whichever is less) per orde
- Intra-day: 20-rupees or 0.05 percent per full-filled order (whichever is lesser
- Futures: Punjab: 20 Rupees or 0.05 percent complete order
- Choices: 20 rupee per order
Account Opening Fee:
- Annual Maintenance Charges (AMC): first year: free
- DP Charges: 20 per scrip per day (sell only)
- Interface: Quick and user friendly application and web design
Additional Benefits:
- Long-term equity and equity delivery trading Fre
- Multidimensional charting and analyses
- 24 hour customer service
- Direct mutual-fund investing
2025 :
- Active Clients: Upstox has one of the largest active clients ranked 5 amongst brokers in India
- SEBI Compliance: Regulated to the end and secure.
2. Zerodha
Why Choose Zerodha?
Zerodha remains a favorite for its transparent pricing and innovative trading tools. It’s India’s largest discount broker and offers free equity delivery, making it ideal for long-term investors.
Key Features:
- Brokerage Charges:
- Equity Delivery: ₹0
- Intraday & F&O: ₹20 or 0.03% per order (whichever is lower)
- Account Opening Fee: ₹0
- AMC: ₹0 up to holdings of ₹4 lakh, then ₹100–₹300 per year
- Platform: Kite (web & app), advanced charting
- Specialty: Direct mutual funds, educational resources
3. Angel One
Why Choose Angel One?
Angel One offers a balance of low brokerage and full-service features, including research and advisory. It’s a great choice for investors who want more than just low fees.
Key Features:
- Brokerage Charges:
- Equity Delivery: ₹0
- Intraday & F&O: Flat ₹20 per order
- Account Opening Fee: ₹0
- AMC: ₹0 for first year
- Platform: Angel One app, ARQ Prime advisory
4. 5paisa
Why Choose 5paisa?
5paisa is known for its flat, ultra-low fees and digital-first approach. It’s ideal for active traders and those who want a seamless, app-based experience.
Key Features:
- Brokerage Charges:
- Equity Delivery: ₹0
- Intraday & F&O: ₹10 per order (with subscription)
- Account Opening Fee: ₹0
- AMC: ₹300
- Platform: 5paisa app, Robo advisory
5. Groww
Why Choose Groww?
Groww is a new-age broker with a user-friendly platform, making it popular among millennials and first-time investors. It offers direct mutual funds and simple pricing.
Key Features:
- Brokerage Charges:
- Equity Delivery: ₹20 per order
- Intraday: ₹20 per order
- Account Opening Fee: ₹0
- AMC: ₹0
- Platform: Groww app, direct MF investments
6. ICICI Direct
Why Choose ICICI Direct?
ICICI Direct is a full-service broker with strong banking integration, making it a trusted choice for those who value convenience and research support.
Key Features:
- Brokerage Charges:
- Equity Delivery: Variable, starts from 0.55%
- Intraday: 0.275%
- Account Opening Fee: ₹0–₹975
- AMC: ₹300
- Platform: ICICI Direct app, research reports
7. HDFC Securities
Why Choose HDFC Securities?
HDFC Securities offers robust research, personalized service, and seamless banking integration, ideal for investors who want premium services.
Key Features:
- Brokerage Charges:
- Equity Delivery: 0.32%
- Intraday: 0.032%
- Account Opening Fee: ₹999
- AMC: ₹750
- Platform: HDFC Securities app, in-depth research
Comparison Table: Best Demat Accounts with Low Brokerage Charges (2025)
| Broker | Equity Delivery | Intraday | F&O | Account Opening | AMC | Platform/App |
| Upstox | ₹20 or 2.5% | ₹20 or 0.05% | ₹20/order | ₹0 | ₹0 (1st yr) | App & Web |
| Zerodha | ₹0 | ₹20 or 0.03% | ₹20/order | ₹0 | ₹0–₹300 | Kite |
| Angel One | ₹0 | ₹20/order | ₹20/order | ₹0 | ₹0 (1st yr) | Angel One App |
| 5paisa | ₹0 | ₹10/order* | ₹10/order* | ₹0 | ₹300 | 5paisa App |
| Groww | ₹20/order | ₹20/order | ₹20/order | ₹0 | ₹0 | Groww App |
| ICICI Direct | 0.55% | 0.275% | 0.05% | ₹0–₹975 | ₹300 | ICICI Direct App |
| HDFC Securities | 0.32% | 0.032% | 0.025% | ₹999 | ₹750 | HDFC Sec App |
How to Choose the Best Demat Account for Low Brokerage in India
When selecting a demat account, consider the following factors:
- Brokerage Structure: Look for flat, low charges for both delivery and intraday trades.
- Account Opening & AMC: Opt for brokers with zero or minimal fees.
- Platform Usability: Ensure the app/web platform is intuitive and reliable.
- Additional Features: Research support, direct mutual funds, and advanced analytics can add value.
- SEBI Registration: Always choose a SEBI-registered broker for safety.
- Customer Support: Responsive support is crucial for smooth trading.
Frequently Asked Questions (FAQs)
1. Which demat account has the lowest brokerage charges in India?
Upstox, Zerodha, and 5paisa offer some of the lowest brokerage charges, with Upstox leading for overall value in 2025.
2. Is Upstox good for beginners?
Yes, Upstox’s user-friendly platform, transparent pricing, and free equity delivery make it ideal for beginners.
3. Are there any hidden charges in Upstox?
No, Upstox maintains a transparent fee structure. Statutory charges like GST, STT, and DP charges apply as per regulations.
4. Can I open a demat account online?
Absolutely! All leading brokers, including Upstox, offer instant online account opening.
5. What is the minimum balance required for a demat account?
Most brokers, including Upstox and Zerodha, do not require a minimum balance.
6. Which broker is best for intraday trading?
Upstox and Zerodha are top choices for intraday traders due to low per-order charges and robust platforms.
7. Are there any annual maintenance charges (AMC) for demat accounts?
Many brokers offer zero AMC for the first year. Upstox and Angel One provide this benefit.
8. Is my money safe with these brokers?
Yes, all brokers listed are SEBI-registered and comply with regulatory norms.
9. Can I invest in mutual funds through my demat account?
Yes, most modern brokers, including Upstox, Zerodha, and Groww, offer direct mutual fund investments.
10. How quickly can I start trading after opening a demat account?
You can usually start trading within 24–48 hours of completing your online application .
Conclusion
India is full of demat accounts with different brokerage charges and to receive maximum profit on your investment it is important to choose the best demat account with low brokerage charges. Upstox has a competitive advantage in 2025 due to its undisputable low commission and extensive trading functionality along with user-friendly features. As a new investor or an experienced trader, Upstox can give you the flexibility, transparency, and value you demand to make it in the Indian stock market. Choose wisely, based on your trading styles and open your demat account now to smarter investing!
Want to make the next step? Now open your Upstox demat account and get a feel of the future of trading!