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A demat account holds your shares and securities in electronic form. You need one to buy stocks, mutual funds, bonds, and ETFs on Indian exchanges.
Most discount brokers offer free account opening. Annual maintenance (AMC) ranges from ₹0-₹750. Some brokers charge ₹200-₹300 for account opening.
Demat account stores your securities. Trading account is used to place buy/sell orders. You need both to trade. Most brokers open both together.
Zerodha
India's largest stock broker by active clients. Pioneer of discount broking with Kite platform.
Account Opening
₹0
AMC
₹0
Equity Delivery
Zero
Intraday
₹20 per order
Kite Web
Kite Mobile
Console
Yes. There is no legal limit. Some investors use different brokers for different purposes (one for long-term, another for trading).
PAN card, Aadhaar (for eKYC), bank account details, and a recent photograph. Most brokers offer instant digital account opening via eKYC.
Securities in demat are held by NSDL/CDSL (depositories), not the broker. Even if the broker shuts down, your securities are safe. Cash balance should be kept minimal.
| Fee Type | Amount |
|---|---|
| Account Opening | ₹0 |
| Annual Maintenance | ₹0 |
| Equity Delivery | Zero |
| Intraday/F&O | ₹20/order |
Zerodha by Zerodha is a solid choice for Indian investors looking for a reliable trading and demat account. With equity delivery brokerage at Zero and intraday at ₹20 per order, it offers competitive pricing in the market.
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