The most important thing to invest in the stock market is to have a demat account. Some people open their demat account with the wrong broker and they have to pay a lot of brokerage, due to which they lose their money somewhere, but today we will tell you Five such demat accounts are going to be told, which are very good for business and have made their users in the stock market very fast in the account in Hindi, so let’s know the names of these demat accounts.
I can provide a list of the 10 best demat accounts in India for beginners in 2023, along with their brokerage charges and other important details.
Upstox:
Upstox is a popular discount broker in India that offers low brokerage charges of Rs. 20 per trade or 0.05% of the turnover, whichever is lower. They also provide a free demat account opening facility.
Zerodha:
Zerodha is one of the most popular discount brokers in India and is well-known for its user-friendly platform and low brokerage charges of Rs. 20 per trade or 0.03% of the turnover, whichever is lower. They also offer a free demat account opening facility.
ICICI Direct Demat Account:
ICICI Direct is a full-service broker that offers a 3-in-1 account that includes a savings account, trading account, and demat account. They charge brokerage fees ranging from 0.55% to 0.05% depending on the trading volume.
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Angel Broking:
Angel Broking is a full-service broker that offers a flat brokerage fee of Rs. 20 per trade or 0.30% of the turnover, whichever is lower. They also provide a free demat account opening facility.
5Paisa:
5Paisa is a discount broker that offers a low brokerage fee of Rs. 20 per trade or 0.05% of the turnover, whichever is lower. They also provide a free demat account opening facility.
| Demat Account | AMC (Annual Maintenance Charges) | Brokerage Rate |
|---|---|---|
| Upstox | Lifetime Free | Rs. 20 per trade or 0.05% (whichever is lower) |
| Zerodha | Rs. 300 | Rs. 20 per trade or 0.03% (whichever is lower) |
| ICICI Direct Demat Account | Rs. 700 | 0.55% to 0.05% depending on the transaction value |
| Angel Broking | Rs. 450 to Rs. 1000 | Rs. 20 per trade or 0.25% (whichever is lower) |
| 5Paisa | Rs. 540 | Rs. 20 per trade or 0.05% (whichever is lower) |
It is a request to all of you, if you invest in the stock market, then it should be kept in mind that if you do not understand the business of a company and you do not understand the business of a company, then on the plan to invest in the business which you understand. If you invest, you may also face loss and you want to understand the business of the company, then in the coming time, we are going to bring the business model of all the companies on our website, so stay connected with our website and our WhatsApp You can also join the group
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