Best bank for demat and online trading account in india
Zerodha is best for the small investors because there is no minimum charges of brokerage per trade. The brokerage rate is 0. This will lead you in saving on brokerage. Their main business review comes from derivatives, hence they have decided to charge zero brokerage on delivery.
Zerodha also offers a 60 Day Challenge. If a trader is net profitable in a 60 day period, all the brokerage charged to him will be refunded. Maximum brokerage reversal is capped at Rs per challenge. You should not open Zerodha account just because it offers lowest rates. I do not have any account with Zerodha because I am not a trader. You should open Zerodha if your trade volume is more than 1Cr per year. Ventura is a full service broking company which provides service to clients to invest in equity, equity derivatives, commodities, mutual funds, fixed income products and currency futures.
I am Ventura customer for a long time. Their windows based trading platform is also good. You will need a little trading before starting your trading on their platform. Ventura charge different brokerage rate depends upon the plan that you will choose. You have to pay the plan amount at the account opening time. Your brokerage will be adjusted against deposit throughout the year.
ICICI direct is one the largest share brokerage company having more than 20 lakh customers. A variable percentage of brokerage is charged on basis of quarterly turnover.
Higher the turnover, lesser will be the brokerage. A fixed percentage of brokerage is charged on turnover. There is no turnover based slab rates like I- saver plan.
You have to pay prepaid brokerage under this plan. The brokerage rate is lesser as compare to the other two plan. HDFC securities provides 3-in-1 account which integrate your saving account, trading account and demat account.
I tried to collect all required information in a single article. I would like to know which account you liked. Kindly let me know in the comments. For high volume trading, the first preference should be 5Paisa. AngelBroking , that provide you reliable trading platforms and awesome customer support. Avoid the common mistakes that I also did in the past and lost my money. I have written an article on how to avoid common mistakes in share market. You must read how to start investing in the indian stock market even if you have only Rs.
How to open account and operate them. Request you to also review demat account provided by Yes bank. Excellent compilation of various options available in the market. Thanks for this insightful write-up. Zerodha is one of the best. Everyone should open an account in zerodha. It is best and application is also best comparing to others.
Your email address will not be published. Notify me of followup comments via e-mail. You can also subscribe without commenting. I started CashOverflow in and it has changed my life beyond my expectations. Start Your Online Business. Additional menu Last Updated: Mar 2, I opened my first demat account in just after getting my first job.
Most of my investment was in Mutual Funds and Fixed Deposits. Know the difference between demat and trading account before investing.
Read the comments of the article as well. Hack to Get Lowest Brokerage Give high amount of initial cheque when opening the demat account. Angel Broking Demat Account 3. Aditya Birla in Demat Account 4. Religare Demat Account 5. Kotak Securities Demat account Best demat account for small investors in India 6.
Motilal Oswal Demat Account 8. Free stock recommendations from their advisory board. Brokerage charges for Equity trading — 0. Brokerage charges for Equity Options— Rs per contract. Brokerage charges for Currency Futures — Rs 23 per contract. Brokerage charges for Currency Options — Rs 23 per contract. If you trade heavily on currency, you can opt for this demat and trading account.
Here are the features of the demat account. Brokerage charges for Equity Brokerage — 0. Brokerage charges for Equity Options— Rs per lot. Brokerage charges for Currency Options — Rs 30 per lot. Brokerage charges for Currency Options — Rs per lot.
These stock brokers does not offer savings bank account not 3-in-1 accounts. They just offer trading and demat account but they are full service brokers.
Top 6— Motilal Oswal Demat Account. You can open Motilal Oswal Demat Account in 15 minutes which is paperless. Account opening charges — Rs 0. Brokerage charges for Equity Delivery — 0. Limited information is available on this demat account.
The research reports are of great help as their stock recommendations are solid. You may also like: Best Stocks to buy in that would benefit from GST. Top 7— Nirmal Bang — Basic Plan. Brokerage charges for Equity Options— Rs 35 per lot. Brokerage charges for Currency Options — Rs 20 per lot. Low charges for equity or futures makes this demat account as unique. Account opening charges — Rs 1, Brokerage charges for Equity Options— Rs 70 per lot. Low charges for equity or futures, makes this demat account as unique.
Top 9— Aditya Birla — iDecide Plan. Brokerage charges for Equity Options— Rs 50 per lot. Even this plan offers Low charges for equity or futures. Good for investors who invest on regular basis. Top 10— IndiaBulls — Power — Trading and demat account.
I opened 3-in-1 account with ICICIDirect almost 15 years back as it provides access to all services like stock trading, futures trading, mutual fund investments, fixed deposits and IPOs.
You should consider opening demat account based on your investment style and low brokerage for the investment options which you generally trade. If you enjoyed this article, share it with your friends and colleagues through Face book and Twitter.
Recently I closed my trading account from angel broking ltd. I have a question that what about my demat account number then,Is it also closed with trading account? Also I would like to know about the debenture which I invested in a pvt financial company as I invested in debentures on the basis of demat number which was given me by angel broking before closing trading account. Your email address will not be published. Notify me of follow-up comments by email.