Opening Demat account is the first step towards investing in the stock market, mutual funds, IPO and NCD's in India.
In layman terms; the Demat account is similar to a bank account. The major difference is; instead of keeping the money, you keep shares, mutual funds or bonds in electronic format in Demat account. Keeping stocks and Mutual Funds in the demat account has many advantages including higher security and faster transactions.
Demat AMC is an annual maintenance charge paid by the customer to keep the account active. Even if you use it or not, as long as you hold the demat account, you have to pay the AMC.
AMC Free Demat Account
Some broker in India offers Free AMC Demat Account. Customer doesn't have to pay any yearly charges under this scheme. Some conditions may be applied including onetime fee at the time of account opening or refundable deposits. Check with the broker for more detail.
Lifetime Free Demat Account
Demat accounts which are offered free of AMC for a lifetime of the account. These accounts are the best demat account for beginners as it reduces the cost. Brokers who offer Lifetime Demat Account usually ask for a onetime fee or a small refundable deposit of say Rs 1000.
Open Free AMC Demat Account Online
The first steps towards open demat account free online is to find an appropriate broker to suit your investment needs. The below list provides the broker offering lifetime free demat account. Click on the broker name below to read broker review. Fill the inquiry forms to request the callback from the broker.
Lifetime Free Demat Account (Demat Account without AMC)
| Broker | Demat Account Opening Fee | Demat Account AMC | Request Callback | Review |
|---|---|---|---|---|
| ProStocks | Rs 0 (Free) | Rs 0 (Lifetime Free) | Open Online Account |  |
| Dhan | Rs 0 (Free) | ₹0 (Lifetime Zero AMC) | Open Account  | |
| Ventura | Rs 0 (Free) | Rs 0 (Lifetime Free) | | |
| Finvasia | Rs 0 (Free) | Rs 0 per year (Lifetime Zero AMC) | | |
| Trustline | Regular: Rs 0, Lifetime Free AMC: Rs 1000 | Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0 | | |
| Prostocks | Rs 0 (Free) | Rs 0 (Lifetime Zero AMC) | Open Account | |
| RMoney | Rs 0 (Free) | Rs 0 for lifetime (Free) | | |
| iTradeOnline | Regular: Rs 0, Lifetime Free AMC: Rs 1000 | Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0 | |
| Compare |
|---|
Compare
Note:
- Prostocks charges Rs 1000 refundable security deposit for lifetimes free demat account. The Rs 1000 is refunded to you when you close the demat account.
8 Comments
8.Kalyan || Link|May 5, 2022 12:50:57 PMReply
I want to open a demat a/c in Shree Bahubali stock broking limited. Will it be correct decision?
8.1.Mouli || Link|September 10, 2022 11:18:02 AM
Go for long years working brokerage
7.loka chandra babu || Link|July 17, 2021 1:09:39 PMReply
0 brokerage charges and free dmat account life time validity any app there sugest me
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7.3.Yogesh kumar || Link|April 28, 2022 3:19:19 PM
Groww is best of all
7.4.Raju || Link|May 28, 2023 6:28:40 PM
Use finvasia best of both world watch my YouTube @,logicaltrading to know about feature
6.Vipan Arora || Link|April 14, 2023 5:58:55 PMReply
I want to open demat account with zero account opening,nil AMC,nil hidden chrges only for converting physical shares to electronic form.Presently I don't want any trading in equities.
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6.2.Francis || Link|December 2, 2023 5:51:54 PM
Please let me know the advice u get as I also want a demat ac for the same purpose and on same terms.
6.3.sunder lal || Link|December 23, 2023 9:01:25 AM
Finvasia is free, no charges
5.mumtaz || Link|June 7, 2023 6:57:35 PMReply
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5.1.Yogesh kumar || Link|December 8, 2023 8:13:14 PM
Ubhave not mention any app
4.Jacob Cherian || Link|November 29, 2023 12:34:10 PMReply
I have a demat account with Stock Holding and pay AMC charges. How are they? Please advise me on whom to port my demat account on FOC basis and free AMC.
3.Sundararajan || Link|October 4, 2023 7:56:49 AMReply
I am sorry to post this message. However as I have myself experienced it so I am posting this. Almost all the brokers lure the investors by saying Free AMC or one time payment or a refundable deposit. However afterwards they will change the terms and ask you to start paying AMC.
2.Praful patel || Link|July 21, 2021 9:07:50 PMReply
Can I open demate & trading account for minor for applying in IPO
1.Kartik Padia || Link|March 2, 2021 6:56:53 PMReply
Hi, Is there any "life time zero AMC" kind of Demat Account for NRI. I am NOT concern about trading. I wish to use for IPO applications only hence only DEMAT account is my need but trying to find out ZERO AMC for lifetime for NRI. Any help guidence is much appreciated.
1.1.Team Chittorgarh.com || Link|May 12, 2021 1:41:59 PM
ProStocks.com offers a lifetime-free AMC demat account for NRI clients with a one-time refundable deposit of Rs 1000.
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