🏦 Demat Account Comparison – Top Indian Banks & Brokers (2025 Edition)
Here’s a simplified and clean comparison of Demat account services from major banks and financial platforms in India. It includes highlights, charges, and brokerage details.
1. Kotak Securities – Trade Free Plan
- Opening Charges: No cost to open.
- Annual Charges: ₹50 per month (waived if holdings are below ₹1,000).
- Brokerage Fees:
- Intraday & Derivatives: ₹10 per order flat.
- Delivery: 0.20% of the transaction value.
- Margin Interest: Around 0.041% daily.
- Additional Charges:
- Pledging securities costs ₹20 per ISIN.
- Dematerialization charges are ₹150 per certificate plus a flat ₹50 per request.
2. ICICI Direct – 3-in-1 Account
- Opening Charges: Depends on plan; can range from free to approximately ₹975.
- Annual Charges: No AMC for the first year; ₹700 per year thereafter.
- Brokerage Models:
- I-Secure Plan:
- Delivery: 0.55%
- Intraday: 0.275%
- Futures: 0.05%
- Options: ₹95 per lot
- Prepaid Plan:
- Delivery rates drop as per advance payment, starting from 0.25% down to 0.09%.
- Option charges vary between ₹35 and ₹10 per lot.
- I-Secure Plan:
- Margin Interest: Lowered to 9.69% per annum with a premium subscription.
3. Yes Securities
- Opening Charges: Around ₹999 one-time.
- Annual Charges: ₹500 per year (first year is generally free).
- Brokerage:
- Delivery: 0.45%
- Intraday: 0.05%
- Futures: 0.05%
- Options: ₹75 per lot
- Margin Trading Rate: About 0.072% per day.
- Pledge Fee: 0.4% of the value of pledged securities.
4. HDFC Securities
- Opening Charges: ₹199 one-time setup.
- Annual Charges: ₹750 per year.
- Brokerage:
- Delivery: 0.1% on both buy and sell.
- Intraday: 0.025% on sell side.
- Futures: 0.0125% on sell side.
- Options: 0.0625% on sell (charged on premium).
- Margin Trading Interest: About 0.075% daily.
- Pledging Cost: 0.03% of transaction value.
📊 Quick Comparison Table – Demat Charges Overview
| Feature | Kotak Securities | ICICI Direct | Yes Securities | HDFC Securities |
|---|---|---|---|---|
| Account Opening | Free | ₹0 – ₹975 | ₹999 | ₹199 |
| AMC | ₹50/month | Free 1st yr; ₹700/year | ₹500/year | ₹750/year |
| Delivery Brokerage | 0.20% | 0.55% (default) | 0.45% | 0.1% |
| Intraday Brokerage | ₹10/order | 0.275% | 0.05% | 0.025% (sell only) |
| Options Charges | ₹10/order | ₹95 per lot | ₹75 per lot | 0.0625% on premium |
| Margin Interest (Daily) | 0.041% | 0.0265% (premium plan) | 0.072% | 0.075% |
| Pledge Charges | ₹20 per ISIN | Not disclosed | 0.4% of value | 0.03% of value |
