Demat Account with Lowest Charges in India 2025 | Best Low Brokerage Options

In the evolving landscape of stock trading in India, selecting a Demat account with minimal charges is crucial for maximizing returns. Whether you're a seasoned investor or a beginner, understanding the fee structures of various brokers can significantly impact your investment journey. This guide delves into the cheapest Demat accounts in India for 2025, focusing on low brokerage, minimal AMC, and reduced transaction charges.

Understanding Demat Account Charges

Before diving into the list of brokers, it's essential to comprehend the various charges associated with Demat accounts:

1. Account Opening Charges

A one-time fee levied when opening a Demat account. Some brokers offer zero account opening charges as a promotional offer.​

2. Annual Maintenance Charges (AMC)

An annual fee for maintaining your Demat account. Brokers with lowest AMC charges are preferable for long-term investors.​

3. Brokerage Charges

Fees charged per trade. Opting for brokers with low brokerage Demat accounts can lead to substantial savings, especially for frequent traders.​

4. Transaction Charges

Costs incurred during the buying or selling of securities. Selecting a Demat account with lowest transaction charges ensures cost-effective trading.​

Top Demat Accounts with Lowest Charges in India 2025

1. Fyers

• Account Opening Charges: Free
• AMC: Free (no annual maintenance charges)
• Brokerage:
o Equity Delivery: Free
o Intraday & F&O: ₹20 per executed order
• Highlights: Feature-rich trading platforms (Fyers One, Fyers Web, and Fyers App), free direct investing in mutual funds, and advanced charting tools ideal for active traders.

2. Alice Blue

• Account Opening Charges: ₹0 (limited-time offer)
• AMC: ₹400/year
• Brokerage:
o Equity Delivery: ₹15 or 0.01% per executed order (whichever is lower)
o Intraday & F&O: ₹15 or 0.01% per executed order (whichever is lower)
• Highlights: Among the lowest brokerage in the industry with their "Freedom 15" plan, powerful ANT trading platforms, and access to equities, commodities, and currencies.

3. Samco

• Account Opening Charges: ₹0
• AMC: ₹400/year
• Brokerage:
o Equity Delivery & Intraday: ₹20 per executed order
• Highlights: Offers high-margin products, trading insights via "StockBasket", and an AI-powered trading platform with performance analytics and risk management tools

4. Zerodha

• Account Opening Charges: ₹200
• AMC: ₹300/year
• Brokerage:
• Equity Delivery: Free
• Intraday & F&O: ₹20 or 0.03% per executed order (whichever is lower)
• Highlights: User-friendly platforms (Kite, Coin), extensive educational resources, and robust customer support.​
• 
  

5. Upstox

• Account Opening Charges: Free (limited-time offer)
• AMC: ₹25/month
• Brokerage:
• Equity Delivery: Free
• Intraday & F&O: ₹20 per executed order
• Highlights: Advanced trading platforms, fast order execution, and comprehensive research tools.​
• 
  

6. Groww

• Account Opening Charges: Free
• AMC: Free
• Brokerage:
• Equity Delivery: ₹20 or 0.05% per executed order (whichever is lower)
• Intraday & F&O: ₹20 per executed order
• Highlights: Simplified user interface, ideal for beginners, and seamless integration with mutual fund investments.​
• 
  

7. 5paisa

• Account Opening Charges: Free
• AMC: ₹540/year (₹45/month)
• Brokerage:
• Equity Delivery & Intraday: ₹20 per executed order
• Highlights: Flat brokerage model, research-backed recommendations, and a range of investment options.​
• 
  

8. Angel One

• Account Opening Charges: Free
• AMC: ₹240/year (first year free)
• Brokerage:
• Equity Delivery: Free
• Intraday & F&O: ₹20 per executed order
• Highlights: Comprehensive research reports, personalized advisory services, and a robust trading platform.​
• 
  

9. m.Stock by Mirae Asset

• Account Opening Charges: ₹999 (one-time)
• AMC: Lifetime free
• Brokerage:
• All Segments: Zero brokerage
• Highlights: Lifetime zero brokerage across all segments, making it ideal for high-frequency traders.​
• 
  

 Comparative Analysis: Lowest Brokerage Demat Accounts

Broker	Account Opening	AMC	Equity Delivery	Intraday & F&O	Unique Selling Proposition
Zerodha	₹200	₹300/year	Free	₹20 or 0.03%	Industry leader with advanced tools
Upstox	Free	₹25/month	Free	₹20	Fast execution with intuitive platform
Groww	Free	Free	₹20 or 0.05%	₹20	Beginner-friendly interface
5paisa	Free	₹540/year	₹20	₹20	Flat brokerage with research support
Angel One	Free	₹240/year	Free	₹20	Personalized advisory services
m.Stock	₹999	Free	Free	Free	Lifetime zero brokerage

Conclusion

Selecting the right Demat account is pivotal for a cost-effective trading experience. While m.Stock stands out with its lifetime zero brokerage, Zerodha and Upstox offer competitive rates with advanced trading platforms. For beginners, Groww provides an intuitive interface with zero AMC. Evaluate your trading needs, compare the charges, and choose a broker that aligns with your investment goals.

FAQs

1. Which Demat account has the lowest brokerage charges in India?

m.Stock by Mirae Asset offers lifetime zero brokerage across all trading segments for a one-time fee of ₹999.

2. Are there any Demat accounts with zero AMC?

Yes, Groww and m.Stock provide Demat accounts with zero annual maintenance charges.​

3. Which is the best Demat account for beginners?

Groww is highly recommended for beginners due to its user-friendly interface and seamless integration with mutual fund investments.​

4. Can I open a Demat account online?

Absolutely! Most brokers, including Zerodha, Upstox, and Groww, offer online account opening processes that are quick and hassle-free.​

5. Is it safe to open a Demat account with discount brokers?

Yes, discount brokers like Zerodha, Upstox, and 5paisa are registered with SEBI and provide secure platforms for trading.​