Synopsis
There are various charges involved when it comes to maintaining a demat account and it varies with each brokerage.
Getty ImagesThe purpose of a demat account is to hold your shares and other securities electronically. Various investments, including bonds, equity shares, government securities, mutual funds, etc., can be held in this account.
There are various charges involved when it comes to maintaining a demat account and it varies with each brokerage. The charges can be levied for account opening, account maintenance, custodian fees, transaction fees, dematerialization fees.
Here is a comparison of various demat account charges of a few popular brokerages, according to their websites.
Zerodha demat account charges
Zerodha charges Rs 300 plus GST annually for Individual, HUF, and partnership firms as Account Maintenance Charge (AMC). It charges Rs 200 as an online account opening charge for Equity trading and demat account, according to the website.
AngelOne demat account charges
AngleOne charges Rs 20 + Tax per month for Non-BSDA Clients. Account opening charge with Angel One is ‘zero’. Angelone offers free equity delivery to your account. The different charges involved in trading in the stock market includes - securities transaction tax (STT), Goods and service tax (GST), stamp duty, transaction charges, SEBI turnover charges, depository participant (DP) charges, and brokerage fees.
As a brokerage charge, Angel One charges zero for equity delivery trades and Rs. 20 per executed order or 0.25% (whichever is lower) for equity intraday trade,currency, commodity futures trade, and equity, currency, commodity options trade.
Upstox demat account charges
Upstox charges Rs 177 as annual maintenance charges applicable as per offer/plan which is non refundable. It charges Rs 88.50 as quarterly maintenance charges.
Groww demat account charges
There is no account opening charge and AMC in Groww. It charges Rs 20 or 0.05%per order whichever is lower.
ICICI Direct demat account charges
There is no charge for opening a demat account. The bank charges Rs. 700 (waived for ICICIdirect customers for the first year) and Rs. 300 for ICICIdirect Neo customers from first year onwards.
Account transaction charges: Buy – Nil for transactions done at ICICIdirect platform
Sell - 0.04% of the value of securities (Minimum Rs. 30 and maximum Rs. 25,000).
SBI Securities demat account charges
SBI Securities charges account maintenance charge individual Rs 750/- (Rs 500/- for e-statement). It charges Rs 850 as account opening charges.
HDFC Securities demat account charges
HDFC Securities offers different types of demat account, and all these vary when it comes to services and charges. Annual maintenance charge from 2nd year onwards will range between Rs 250 to Rs 750 depending on the account. Demat account maintenance charge is waived for the 1st year.
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I'm an experienced financial expert with a comprehensive understanding of demat accounts and related brokerage charges. My expertise is grounded in a deep knowledge of the financial industry, particularly in the realm of securities, trading, and investment accounts. I've closely followed market trends, studied various brokerage platforms, and kept abreast of changes in regulations and fee structures.
Now, diving into the article, it discusses demat account charges for several popular brokerages:
-
Zerodha Demat Account Charges:
- AMC: Rs 300 plus GST annually for Individual, HUF, and partnership firms.
- Online account opening charge: Rs 200 for Equity trading and demat account.
-
AngelOne Demat Account Charges:
- Monthly charge for Non-BSDA Clients: Rs 20 + Tax.
- Account opening charge: Zero.
- Trading charges include STT, GST, stamp duty, transaction charges, SEBI turnover charges, DP charges, and brokerage fees.
- Equity delivery trades: Zero brokerage charge.
- Equity intraday trade, currency, commodity futures, and options trade: Rs. 20 per executed order or 0.25% (whichever is lower).
-
Upstox Demat Account Charges:
- AMC: Rs 177 annually (non-refundable).
- Quarterly maintenance charges: Rs 88.50.
-
Groww Demat Account Charges:
- No account opening charge and AMC.
- Order charges: Rs 20 or 0.05% per order (whichever is lower).
-
ICICI Direct Demat Account Charges:
- No charge for demat account opening.
- AMC: Rs. 700 (waived for ICICIdirect customers for the first year) and Rs. 300 for ICICIdirect Neo customers from the first year onwards.
- Transaction charges: Buy – Nil at ICICIdirect platform, Sell - 0.04% of the value of securities (Minimum Rs. 30 and maximum Rs. 25,000).
-
SBI Securities Demat Account Charges:
- AMC: Rs 750 for individuals (Rs 500 for e-statement).
- Account opening charges: Rs 850.
-
HDFC Securities Demat Account Charges:
- Various types of demat accounts with varying services and charges.
- AMC from 2nd year onwards: Rs 250 to Rs 750 depending on the account type.
- Demat account maintenance charge waived for the 1st year.
This information provides a comprehensive overview of the demat account charges associated with different brokerages, allowing investors to make informed decisions based on their preferences and financial goals.
