Are Searching for the zero brokerage demat Account in India. If yes then you are at the right place. In this post, we compared brokerage charges of multiple investment and trading apps. After that, we created this to find out the best Demat account that allows you to trade without extra brokerage charges For delivery orders.
Brokerage is fee that your broker charges from you whenever you do trading and investing. In compare to full service brokers, discount brokers offers low brokerage or flat brokerage. Even some borker offer Zero broekrage interms of trading and Investing which we are gonna see in this post.
Is Zero Brokerage Demat Account Completely Free?
Whenever you trade in Indian stock you have to pay extra charges like Brokerage, Exchange Commission, SEBI charge etc. Since the Brokerage commissions are charged to you by the broker, it can be variable as per the Broker. Some brokers can offer zero Brokerage some can offer a specific percentage up to 2.5% As per SEBI guidelines.
Even though the broker offers zero brokerage or a percentile discount, you still have to pay the Exchange Commission, SEBI Charges, GST etc. Additionally while selling the Stocks you have to pay a fixed amount per trade.
Best Zero Brokerage Demat Account
| Zero Brokerage Demat Account | Account opening Charge | AMC Charges |
|---|---|---|
| 1. Zerodha | ₹200 (for trades on Equity, F&O and Currency) ₹300 (for trades on Equity, F&O and Currency and Commodity) | ₹300/year + GST charged quarterly |
| 2. Angel One | Free | ₹ 240/year + GST |
| 3. 5Paisa | Zero | Zero |
| 4. Kotak Securities | ₹99 | ₹600 |
| 5. m.Stock | ₹ 999 For Zero Brokerage Across all segments ₹0 For Zero Brokerage in Delivery | ₹120 quarterly or Pay a one-time fee of ₹999 to get a lifetime free AMC |
| 6. ICICI Neo | ₹0 | ₹300 |
| 7. Dhan | Zero | Zero |
| 8. Shoonya | Zero | Zero |
| 9. Fyers | Zero | Zero |
| 10. Alice Blue | Zero | ₹400 |
1. Zerodha
Zerodha is Indias No 1 Dicount broker in India. It was launched in 2010 and currently, it has over 60 lakh active clients. It’s Known for its Zero Brokerage on Delivery orders. Zerodha features powerful tools such as iceberg order, basket order and GTT order. In addition to this if you are more into trading then you can find the Zerdoha app best for you as you can use one of the most useful trading apps Sensibull for free.
Zerod has a mobile platform Kite has a Clean & intuitive UI it’s a feature-packed platform. So it can be overwhelming for a beginner but you can easily adapt the UI after using it for some time. You can easily open your Zerodha account online. Zerodha Charges Rs200 for Account Opening and Rs 300+GST as AMC.
Zerodha Brokerage Charges
| Zerodha | Brokerage Charges |
|---|---|
| Equity Delivery | 0 |
| Equity Intraday | ₹20 / Order Or 0.03% (Whichever Is Lower) |
| Equity Futures | ₹20 /Order Or 0.03% (Whichever Is Lower) |
| Equity Options | ₹20 / Order |
| Currency Futures | ₹20 / Order Or 0.03% (Whichever Is Lower) |
| Currency Options | ₹20 / Order |
| Commodity Futures | ₹20 / Order Or 0.03% (Whichever Is Lower) |
| Commodity Options | ₹20 / Order |
Also Read: Groww vs Zerodha
2. Angel One
Angel One is the next option for the best Zero Brokerage Demat Account in India. Even though Angel One is a Full Service broker it still offers competitive pricing like other discounted brokers. It offers online and offline investment and trading services in Equity, F&O, Commodities, Currency, IPO, Bonds, and Mutual Funds. Since it’s a Full-service broker it also gives free trade calls and Investment advisory as well.
In addition to advisory services and margin trading, the broker also offers loans against shares. On top of that, Angel One has zero account opening charges and zero AMC charges for the first year. It charges Rs 20+GST/month from the second year onwards for NON-BSDA accounts. For BSDA accounts with holdings less than Rs50000, it’s free and BSDA accounts with Holding Value Between 50,000 To 2,00,000 will be charged ₹100 + Tax / Year.
Angel One Brokerage Charges
| Angel One | Brokerage Charges |
|---|---|
| Equity Delivery | ₹0 |
| Equity Intraday | ₹20 / Executed Order Or 0.25% (Whichever Is Lower) |
| Equity Futures | ₹20 / Executed Order Or 0.25% (Whichever Is Lower) |
| Equity Options | ₹20 / Executed Order Or 0.25% (Whichever Is Lower) |
| Currency Futures | ₹20 / Executed Order Or 0.25% (Whichever Is Lower) |
| Currency Options | ₹20 / Executed Order Or 0.25% (Whichever Is Lower) |
| Commodity Futures | ₹20 / Executed Order Or 0.25% (Whichever Is Lower) |
| Commodity Options | ₹20 / Executed Order Or 0.25% (Whichever Is Lower) |
Also Read: Best Low Brokerage Demat Accounts
3. 5Paisa
If your age is between 18-23 and you are searching for the Best Zero Brokerage demat account, 5Paisa is a great option to consider. It has a unique program for students and early jobbers called Youngvestor. Under this plan you don’t have to pay any account opening charges or AMC.
On top of that under this plan, you will enjoy zero brokerage charges across all trading segments, including equity delivery and intraday trading. The DP Transaction Charges are ₹5 per scrip per day with this plan. However, as soon as you turn 24, the account will be converted to a Regular Demat Account.
5Paisa Brokerage Charges
| 5Paisa | Brokerage Charges |
|---|---|
| Equity Delivery | ₹0 |
| Equity Intraday | ₹0 |
| Equity Futures | Flat Rs.20/Order |
| Equity Options | Flat Rs.20/Order |
| Currency Futures | Flat Rs.20/Order |
| Currency Options | Flat Rs.20/Order |
| Commodity Futures | Flat Rs.20/Order |
| Commodity Options | Flat Rs.20/Order |
4. Kotak Securities
Kotak Securities Ltd was founded in 1994 and offers retail investors in India a 3-in-1 account. Kotak Securities is a subsidiary of Kotak Mahindra Bank, one of India’s leading private banks. Investors can invest in equities, derivatives, commodities, currencies and mutual funds through this platform.
Now speaking of zero brokerage the platform has an offer called “Trade Free Youth offer” Where Investors under the age of 30 can get Zero for Stock delivery trades, Intraday and F&O Trades. However, you have to Pay Rs.299+GST for the first and Rs.499+GST from 2nd year onwards. Additionally, it charges Rs 600 per year as AMC.
Kotak Securities Brokerage Charges
| Kotak Securities | Brokerage Charges (Trade Free Youth offer) | Brokerage Charges (Trade Free offer) |
|---|---|---|
| Equity Delivery | ₹0 | 0.25% or Rs.20 whichever is higher |
| Equity Intraday | ₹0 | ₹0 |
| Equity Futures | ₹0 | ₹20 |
| Equity Options | ₹0 | ₹20 |
| Currency Futures | ₹0 | ₹20 |
| Currency Options | ₹0 | ₹20 |
| Commodity Futures | ₹0 | ₹20 |
| Commodity Options | ₹0 | ₹20 |
Also Read: Rapido Referral Code
5. mStock
mStock is another discount broker. It has more than 2 lakh customers. ITs brings all of your all your trading & investment needs under one roof. Stocks, ETFs, Mutual Funds, Currency, Futures, and Options are available for you to trade.
mStock has two types of offers. First offers you can avail of Zero brokerage for life across Delivery, Mutual Funds, and IPO for free. Speaking of the Second offer, here you have to pay a one-time of Rs 999 will unlock zero brokerage for a lifetime across all segments. It charges ₹120 every quarter as AMC but you can also make this free for a lifetime by paying an additional ₹999.
mStock Brokerage Charges
| mStock | Brokerage Charges (Plan 1 For 0) | Brokerage Charges (Plan2 For ₹999) |
|---|---|---|
| Equity Delivery | ₹0 | ₹0 |
| Equity Intraday | ₹20 /Trade | ₹0 |
| Equity Futures | ₹20 /Trade | ₹0 |
| Equity Options | ₹20 /Trade | ₹0 |
| Currency Futures | ₹20 /Trade | ₹0 |
| Currency Options | ₹20 /Trade | ₹0 |
| Commodity Futures | ₹20 /Trade | ₹0 |
| Commodity Options | ₹20 /Trade | ₹0 |
Also Read: How to Invest in Groww App
6. ICICI Neo
It is a discount brokerage plan from one of the most popular banking houses, ICICI Neo. This plan was launched in 2021. In this plan, you can enjoy zero brokerage for only equity, but for the other segments, flat brokerage applies still apply. The subscription fee for this plan is Rs. 299+ GST if you’re an ICICI Securities customer. Even though account opening fees are charged, you will still need to pay ₹ 300 for Account Maintenance.
ICICI Neo Brokerage Charges
| ICICI Neo | Brokerage Charges |
|---|---|
| Equity Delivery | 0.55% |
| Equity Intraday | ₹20 /Order |
| Equity Futures | ₹0 |
| Equity Options | ₹20 /Order |
| Currency Futures | ₹20 /Order |
| Currency Options | ₹20 /Order |
| Commodity Futures | ₹20 /Order |
| Commodity Options | ₹20 /Order |
7. Dhan
Dhan is a Mumbai-based financial services company launched in 2021. This makes Dhan one of the newest demat accounts in India. Dhan is a discount broker with over 2.5 lakh users. You can trade and invest across Equity, ETFs, Commodities, and Currency. You can Open a free account with zero AMC in Less than 10 minutes.
Dhan has Zero brokerage For Equity Delivery, ETFs & IPOs. Additionally, For Equity Intraday and all Segments Futures, it charges 20 or 0.03% per executed order whichever is lower. It also provided a 50% brokerage discount to women participants.
Dhan Brokerage Charges
| Dhan | Brokerage Charges |
|---|---|
| Equity Delivery | ₹0 |
| Equity Intraday | ₹20 or 0.03% per executed order whichever is lower |
| Equity Futures | ₹20 or 0.03% per executed order whichever is lower |
| Equity Options | ₹20 /Trade |
| Currency Futures | ₹20 or 0.03% per executed order whichever is lower |
| Currency Options | ₹20 /Trade |
| Commodity Futures | ₹20 or 0.03% per executed order whichever is lower |
| Commodity Options | ₹20 /Trade |
8. Shoonya
Shoonya by Finvasia is based in Chandigarh. This Broking House is registered with BSE, NSE, MCX, and NCDEX, which allows its users to trade and invest in equity, commodities, currencies, and IPOs. Shoonya lets you trade and invest commission-free online. Furthermore, there aren’t any account opening charges and also AMC. Shoonya charges Rs 9 + GST/scrip when you sell shares which is again lower than many discount brokers.
Shoonya Brokerage Charges
| Shoonya | Brokerage Charges |
|---|---|
| Equity Delivery | ₹0 |
| Equity Intraday | ₹0 |
| Equity Futures | ₹0 |
| Equity Options | ₹0 |
| Currency Futures | ₹0 |
| Currency Options | ₹0 |
| Commodity Futures | ₹0 |
| Commodity Options | ₹0 |
Also Read: Upstox Vs Groww
9. Fyers
Fyers Securities is a Bangalore online discount stock broker Founded by the Khoday brothers in 2015. It is one of the newer players in the discount broking industry. The platform currently has more than 1 lakh clients. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments. Currently, it has Zero AMC and Zero Account opening charges.
Fyers Brokerage Charges
| Fyers | Brokerage Charges |
|---|---|
| Equity Delivery | ₹0 |
| Equity Intraday | ₹20 or 0.03% per executed order whichever is lower |
| Equity Futures | ₹20 or 0.03% per executed order whichever is lower |
| Equity Options | ₹20 /Trade |
| Currency Futures | ₹20 or 0.03% per executed order whichever is lower |
| Currency Options | ₹20 /Trade |
| Commodity Futures | ₹20 or 0.03% per executed order whichever is lower |
| Commodity Options | ₹20 /Trade |
10. Alice Blue
Alice Blue is a low-cost Bangalore-based discount stockbroker. In addition to Equity Delivery, Alice Blue offers Equity Intraday trading for free, Equity Futures, Currency Futures, and Commodity Futures trading for 15 per executed order or 0.05% whichever is lower. You have to pay 15 per executed order for option segment. This platform offers zero account opening charges. However, you have to pay ₹ 400 as AMC.
Alice Blue Brokerage Charges
| Alice Blue | Brokerage Charges |
|---|---|
| Equity Delivery | ₹0 |
| Equity Intraday | ₹15 or 0.05% per executed order whichever is lower |
| Equity Futures | ₹15 or 0.05% per executed order whichever is lower |
| Equity Options | ₹15 /Trade |
| Currency Futures | ₹15 or 0.05% per executed order whichever is lower |
| Currency Options | ₹15 /Trade |
| Commodity Futures | ₹15 or 0.05% per executed order whichever is lower |
| Commodity Options | ₹15 /Trade |
Also Read: Groww Vs Zerodha Vs Upstox
FAQs: Zero Brokerage Demat Account
Demat account denotes to dematerialisation account. This allows you to invest in stocks, government securities, ETFs and trading. It helps you from the hassles of maintaining physical shares.
You can open a demat account by visiting the broker platform or application. For this, you will need Adhaar Card, PAN Card, Bank Account etc.
Yes, can have as many as you wish Demat Accounts.
Yes, you can transfer shares from one demat account to another.
