In today’s fast-growing financial market, having a Demat account is no longer optional—it’s a necessity for anyone who wishes to invest in stocks, mutual funds, ETFs, or bonds. A Demat account, short for Dematerialized account, holds your shares in electronic form, making trading seamless, secure, and paperless.
With so many stockbrokers and banks offering Demat services, choosing the best Demat account in India can feel overwhelming. To simplify your decision, here’s a curated list of the Top 5 Demat accounts in India in 2025, based on client base, brokerage charges, ease of use, features, and reliability.
- Groww Demat Account
Groww has quickly risen to the top, becoming the largest Demat account provider in India with millions of active investors. It is especially popular among beginners for its clean and easy-to-use mobile app.
Key Features:
Zero brokerage on equity delivery
Easy investment in stocks, mutual funds, ETFs, and IPOs
Hassle-free account opening process
Modern interface designed for new-age investors
Best For: Beginners and long-term investors who want a simple, zero-brokerage platform.
- Zerodha Demat Account
Zerodha is one of the pioneers of discount broking in India and is still considered the most trusted trading platform. Its Kite trading app is known for advanced charting, speed, and reliability.
Key Features:
Zero brokerage on equity delivery
Intraday and F&O trades at just ₹20 per order
Access to tools like Coin (for mutual funds) and Varsity (for learning)
Option to dematerialize old physical shares
Best For: Traders and investors who want advanced tools and transparent pricing.
- Angel One (Angel Broking) Demat Account
Angel One offers a unique blend of full-service advisory and discount brokerage charges. It provides research reports, trading recommendations, and AI-based tools alongside low-cost trades.
Key Features:
Zero brokerage on equity delivery
Intraday trades at ₹20 per order
Free stock research and investment advisory
Multiple investment options including stocks, derivatives, and mutual funds
Best For: Investors who want professional guidance along with cost-effective trading.
- Upstox Demat Account
Upstox is another leading name in the discount broking space, well-known for its technology-driven platform. It offers powerful charting tools and a simple interface for active traders.
Key Features:
Zero brokerage on equity delivery
Flat ₹20 brokerage per intraday and F&O order
Advanced charting with multiple indicators
Seamless account opening with Aadhaar
Best For: Active traders looking for low-cost trading with advanced tools.
- ICICI Direct Demat Account
ICICI Direct, part of the ICICI Bank group, is one of the most trusted full-service brokers in India. It offers a 3-in-1 account (banking, trading, and Demat) that ensures smooth money transfer and trading.
Key Features:
3-in-1 account for integrated banking and trading
Comprehensive research reports and expert advisory
Wide range of products including bonds, IPOs, derivatives, and mutual funds
Strong customer support with branch-level presence
Best For: Investors who prefer a trusted bank-backed broker with full-service facilities.
Quick Comparison – Best Demat Accounts in 2025
Broker Brokerage (Equity Delivery) Intraday Charges Best Suited For
Groww Zero ₹20 per order Beginners & long-term investors
Zerodha Zero ₹20 per order Active traders & advanced users
Angel One Zero ₹20 per order Investors needing advisory + low brokerage
Upstox Zero ₹20 per order Tech-savvy traders
ICICI Direct Varies (higher than discount brokers) Varies Full-service clients & banking integration
Final Thoughts
Choosing the best Demat account in India depends on your investing style. If you are a beginner, Groww and Angel One are excellent choices. For active traders, Zerodha and Upstox offer unbeatable platforms. If you value research support and banking convenience, ICICI Direct stands out.
No matter which platform you choose, ensure that it aligns with your financial goals, risk appetite, and investment style. Opening a Demat account is your first step toward building long-term wealth in India’s booming stock market.
