Do you want to know of the best depository participant in India to save your investments and have a smooth trading experience? As the Indian stock market is rapidly developing in 2025, the selection of a proper depository participant (DP) is the most important thing that every investor should consider. Quality DPs have good security, clear pricing and quality digital platforms. Here, we also give a new data-based overview of the best DPs, and Upstox takes first place due to its innovative features and customer-oriented approach.
Do you want to know of the best depository participant in India to save your investments and have a smooth trading experience? As the Indian stock market is rapidly developing in 2025, the selection of a proper depository participant (DP) is the most important thing that every investor should consider. Quality DPs have good security, clear pricing and quality digital platforms. Here, we also give a new data-based overview of the best DPs.
Top 7 Best Depository Participants in India (2025)
Here’s a curated list of the most reliable and feature-rich depository participants in India for 2025, ranked by service quality, client base, and innovative offerings:
- Upstox (Editor’s Choice)
- Zerodha
- Angel One
- ICICI Direct
- HDFC Securities
- 5paisa
- Kotak Securities
1. Upstox – The Leading Depository Participant for Modern Investors
Why Choose Upstox?
In 2025, Upstox will be remembered by a smooth account initiation process, clear fees, and sound digital system. Being a registered DP with NSDL and CDSL, Upstox makes sure that your securities are secure and accessible. It has a philosophy of serving the customers first, offer state of the art trading tools, and has competitive charges resulting in being the best choice of investors who want the best depository participant in India.
Key Features
- Depository Services: It is registered to both NSDL and CDSL so that it can be as secure and flexible as possible.
- Active Demat Accounts: More than 3.8 million ( 38 lakh+ ) active accounts as on July 2025.
Account Opening Charges: 0 (Account opening is free).
- Annual Maintenance Charges (AMC): 150/-yr.
- DP Charges: 13.5 + GST / debit
- Platform: Smart app and web-based system to monitor a portfolio in real-time and make immediate transactions.
- SEBI Registration: Completely regulated and compliant (SEBI Reg. No. INZ000185137).
Additional Benefits:
- Automatic crediting of corporate actions such as dividends and bonus.
- Direct mutual funds.
- 24 hours customer service.
- Rapid KYC and paperless on boarding.
2. Zerodha
Why Choose Zerodha?
Zerodha is renowned for its transparent pricing and advanced trading platform. As India’s largest discount broker, it offers seamless DP services with both NSDL and CDSL.
Key Features
- Active Clients: 7.8 million+ (as of July 2025).
- Account Opening Charges: ₹200–₹300.
- AMC: ₹300/year.
- DP Charges: ₹13.5 + GST per transaction.
- Platform: Kite app and web, advanced charting tools.
3. Angel One
Why Choose Angel One?
Angel One combines low-cost DP services with strong research and advisory support, making it ideal for investors who want more than just basic demat services.
Key Features
- Active Clients: 7.4 million+ (2025).
- Account Opening Charges: ₹0.
- AMC: ₹240/year.
- DP Charges: ₹20 + GST per transaction.
- Platform: Angel One app, ARQ Prime advisory.
4. ICICI Direct
Why Choose ICICI Direct?
ICICI Direct offers integrated banking and DP services, making it a preferred choice for those who value convenience and comprehensive financial solutions.
Key Features
- Active Clients: 3.5 million+.
- Account Opening Charges: Up to ₹975.
- AMC: ₹700/year (waived for the first year for select customers).
- DP Charges: ₹5.5 + GST per transaction.
- Platform: ICICI Direct app, in-depth research reports.
5. HDFC Securities
Why Choose HDFC Securities?
HDFC Securities is trusted for its strong banking integration, personalized service, and robust DP offerings.
Key Features
- Active Clients: 1.7 million+.
- Account Opening Charges: ₹999.
- AMC: ₹750/year.
- DP Charges: ₹13.5 + GST per transaction.
- Platform: HDFC Securities app, research support.
6. 5paisa
Why Choose 5paisa?
5paisa is a digital-first broker offering low-cost DP services, making it ideal for cost-conscious investors.
Key Features
- Active Clients: 1.2 million+.
- Account Opening Charges: ₹0.
- AMC: ₹300/year.
- DP Charges: ₹12.5 + GST per transaction.
- Platform: 5paisa app, robo-advisory.
7. Kotak Securities
Why Choose Kotak Securities?
Kotak Securities delivers a blend of traditional and digital DP services, supported by strong banking infrastructure.
Key Features
- Active Clients: 1 million+.
- Account Opening Charges: ₹0–₹100.
- AMC: ₹600/year.
- DP Charges: ₹20 + GST per transaction.
- Platform: Kotak Securities app, extensive research.
Comparison Table: Best Depository Participants in India (2025)
| DP Name | Active Clients (2025) | Account Opening | AMC (Yearly) | DP Charges (Per Debit) | Platform/App |
| Upstox | 3.8 million+ | ₹0 | ₹150 | ₹13.5 + GST | App & Web |
| Zerodha | 7.8 million+ | ₹200–₹300 | ₹300 | ₹13.5 + GST | Kite |
| Angel One | 7.4 million+ | ₹0 | ₹240 | ₹20 + GST | Angel One App |
| ICICI Direct | 3.5 million+ | Up to ₹975 | ₹700 | ₹5.5 + GST | ICICI Direct App |
| HDFC Securities | 1.7 million+ | ₹999 | ₹750 | ₹13.5 + GST | HDFC Securities App |
| 5paisa | 1.2 million+ | ₹0 | ₹300 | ₹12.5 + GST | 5paisa App |
| Kotak Securities | 1 million+ | ₹0–₹100 | ₹600 | ₹20 + GST | Kotak Securities App |
How to Choose the Best Depository Participant in India
When selecting a DP, consider these essential factors:
- Regulatory Compliance: Ensure the DP is registered with SEBI and linked to NSDL/CDSL.
- Charges: Look for transparent and competitive account opening, AMC, and transaction charges.
- Digital Platform: A user-friendly app/web interface is crucial for seamless transactions.
- Customer Support: Prompt and knowledgeable support enhances your investing experience.
- Corporate Actions: Automatic crediting of dividends, bonuses, and rights issues.
- Reputation & Client Base: A large, active client base often indicates reliability and trust.
Frequently Asked Questions (FAQs)
1. What is a depository participant (DP)?
A DP is an agent of the depository (NSDL or CDSL) that enables investors to open and manage demat accounts for holding securities electronically.
2. Why is Upstox considered the best depository participant in 2025?
Upstox offers free account opening, low AMC, robust digital platforms, and is registered with both NSDL and CDSL, ensuring top-notch security and convenience.
3. Are my investments safe with Upstox?
Yes, Upstox is fully SEBI-registered and regulated, with strict compliance and security protocols.
4. What are the main charges for a demat account with Upstox?
Account opening is free, AMC is ₹150/year + GST, and DP charges are ₹13.5 + GST per debit transaction.
5. Can I open a demat account online with these DPs?
Absolutely. All leading DPs, including Upstox, offer instant online account opening.
6. Which DPs are registered with both NSDL and CDSL?
Upstox, Zerodha, and several others are registered with both depositories, offering flexibility and enhanced security.
7. What is the difference between a DP and a stockbroker?
A DP manages your demat account and securities, while a stockbroker facilitates buying and selling on the stock exchange.
8. How quickly can I start trading after opening a demat account?
Usually within 24–48 hours after completing KYC and account verification.
9. Are there any hidden charges with Upstox?
No, Upstox maintains a transparent fee structure. Statutory charges like GST and SEBI fees apply as per regulations.
10. Can I invest in mutual funds through my Upstox demat account?
Yes, Upstox allows direct mutual fund investments from the same platform.
Conclusion
To have a secure and easy practice in investing, it is essential to choose the most appropriate depository participant in India. By 2025, Upstox is the market leader and by far the best in terms of security, transparent pricing and better digital solutions. Upstox provides flexibility, reliability, and value to new investors or experienced traders to succeed in the stock market of India. Check out your options, your investing style and open your demat account today to experience smooth trading and investing!
Willing to have the best? Open your Upstox demat account today and gain the control of your future!