Top Ten Demat Accounts in India (2025)

If you’re planning to invest in stocks, mutual funds, or IPOs, the first thing you need is a Demat account. It’s like a digital locker for your investments – safe, secure, and mandatory for trading in the Indian market.

But with so many brokers offering different features, zero brokerage claims, and fancy apps, how do you choose the right one?

Don’t worry – we’ve got you covered. Here’s a handpicked list of the top 10 Demat accounts in India for 2025, based on real investor experience, features, and pricing transparency.

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🔍 Why Having a Good Demat Account Matters

A Demat account holds your shares in electronic form. Whether you’re buying stocks or applying for an IPO, all your securities are stored here. Without it, you simply can’t trade.

But not all Demat accounts are the same. Some charge high fees, some lack a good user interface, and others offer zero-cost trading with great tools.

That’s why choosing the right one makes a big difference – both financially and in user experience.

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✅ Top 10 Demat Accounts in India (2025)

Here’s our list of the best Demat accounts trusted by lakhs of Indian investors:

1. Zerodha
2. Upstox
3. Angel One
4. Groww
5. ICICI Direct
6. 5Paisa
7. Kotak Securities
8. Motilal Oswal
9. SBI Securities
10. HDFC Securities

Let’s take a closer look at what makes each one special.

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⭐ Detailed Breakdown

1. Zerodha – Best Overall

Zerodha is a name you’ll hear often in investing circles. With their clean platform and low fees, they’ve become a favorite for both beginners and pro traders.

• Account Opening Fee: ₹0
• Annual Charges: ₹300
• Best For: Low brokerage + advanced charts
  👉 Visit Zerodha

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2. Upstox – Great for Mobile Traders

Upstox offers a super smooth mobile experience. You can place trades, track charts, and apply for IPOs within seconds.

• Account Opening: ₹0
• AMC: ₹300
• Highlight: Excellent UI & fast execution
  👉 Check Upstox

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3. Angel One – Free Equity Delivery

Angel One mixes old-school trust with new-age tech. The platform is feature-rich and offers zero brokerage on delivery trades.

• Free Demat Account
• Smart Advisory Tools
  👉 Visit Angel One

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4. Groww – Clean, Simple & Perfect for Starters

Groww started as a mutual fund platform and now offers full-fledged stock trading. Its clean interface makes it ideal for newcomers.

• Zero AMC & Opening Fee
• No-frills experience
  👉 Explore Groww

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5. ICICI Direct – Trust of a Bank

Backed by ICICI Bank, this 3-in-1 account integrates savings + trading + Demat.

• Seamless banking + investing
• Higher charges but premium support
  👉 ICICI Direct

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6. 5Paisa – For Value Hunters

Looking to save on every trade? 5Paisa offers the lowest brokerage plans with full access to research tools.
👉 Visit 5Paisa

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7. Kotak Securities – No AMC for First Year

Another big bank-backed broker, Kotak offers excellent service and a trusted name.
👉 Open with Kotak

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8. Motilal Oswal – Good for Long-Term Investors

Offers personal advisory and portfolio tools for serious investors.
👉 Visit Motilal Oswal

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9. SBI Securities – For SBI Account Holders

If you already bank with SBI, this is an easy plug-in with your internet banking.
👉 SBI Securities

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10. HDFC Securities – Trusted, but Pricier

A reliable name with strong support, especially for HDFC customers.
👉 HDFC Securities

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❓ FAQs – Demat Account in 2025

Q1: Which Demat account is best for beginners?
Groww and Zerodha are top choices due to their low fees and clean UI.

Q2: Is it safe to invest through online brokers?
Yes. All listed brokers are SEBI-registered and linked with NSDL/CDSL.

Q3: Can I have more than one Demat account?
Yes, you can have multiple Demat accounts, just not with the same broker.

Q4: Do I need a PAN card to open a Demat account?
Absolutely. PAN is mandatory for KYC and regulatory compliance.

Q5: Can I close my Demat account anytime?
Yes, submit a closure form and clear all holdings.

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Final Thoughts

Choosing the right Demat account sets the tone for your investing journey. Whether you’re a passive investor or a full-time trader, make sure the platform you pick is secure, easy to use, and cost-efficient.

👉 For more personal finance tips, check out our Investment Guides on Invests Now.