Cheapest Demat Account in India (Lowest Charges) in India (2026)

If you want to keep costs to the bone, look for ₹0 account opening, ₹0 AMC and free equity delivery. These brokers have the lowest all-in cost of ownership for a buy-and-hold investor.

Our top pick for this is Zerodha — India's most trusted discount broker. Free equity delivery, the polished Kite platform, Console reporting and the free Varsity education library make it the default first account for serious long-term investors.

#NameScoreAccount OpeningDemat AMCDelivery BrokerageIntraday & F&O
1ZerodhaTop pick9.4/10₹0 (free)₹300 / yr (1st yr free)₹0 (free)₹20 or 0.03% (lower)
2Groww9.2/10₹0 (free)₹0 (free)₹0 (free)₹20 or 0.05% (lower)
5Dhan8.5/10₹0 (free)₹0 (free)₹0 (free)₹20 or 0.03% (lower)
6Fyers8.3/10₹0 (free)₹0 (free)₹0 (free)₹20 or 0.03% (lower)
105paisa7.5/10₹0 (free)₹0–300 / yr (plan)₹20 per order₹20 per order

Best overall

1

Zerodha

India's most trusted discount broker. Free equity delivery, the polished Kite platform, Console reporting and the free Varsity education library make it the default first account for serious long-term investors.

9.4
/ 10
Account Opening
₹0 (free)
Demat AMC
₹300 / yr (1st yr free)
Delivery Brokerage
₹0 (free)
Intraday & F&O
₹20 or 0.03% (lower)
  • Free equity delivery
  • Best-in-class Kite platform & Console
  • Huge, stable, trusted user base
  • Free Varsity learning
  • ₹300/yr AMC from the second year
  • No free call-and-trade advisory
  • Occasional load at market open
Open account Official site
2

Groww

The simplest app for first-time investors, now one of India's largest brokers by active users. Stocks, mutual funds, IPOs and ETFs in one clean interface with zero account opening and zero AMC.

9.2
/ 10
Account Opening
₹0 (free)
Demat AMC
₹0 (free)
Delivery Brokerage
₹0 (free)
Intraday & F&O
₹20 or 0.05% (lower)
  • Free delivery, zero opening & zero AMC
  • Easiest app for beginners
  • Stocks + mutual funds in one place
  • Fast paperless KYC
  • DP charge (~₹20) when you sell shares
  • Fewer advanced trader tools
  • Lighter charting than Kite/Fyers
Open account Official site
5

Dhan

A trader-first platform that has won a loyal following for speed, free delivery and excellent options tools. Zero AMC and free equity delivery make it cheap to hold and great to trade.

8.5
/ 10
Account Opening
₹0 (free)
Demat AMC
₹0 (free)
Delivery Brokerage
₹0 (free)
Intraday & F&O
₹20 or 0.03% (lower)
  • Free equity delivery & zero AMC
  • Superb options/derivatives tools
  • Fast, modern platform
  • TradingView charts
  • Newer brand than Zerodha/Angel
  • Fewer offline support touchpoints
  • Geared to traders over absolute beginners
Open account Official site
6

Fyers

A serious traders' platform with deep TradingView charting and a powerful API. Free delivery and zero AMC make it a low-cost choice for technically minded investors and algo traders.

8.3
/ 10
Account Opening
₹0 (free)
Demat AMC
₹0 (free)
Delivery Brokerage
₹0 (free)
Intraday & F&O
₹20 or 0.03% (lower)
  • Free delivery & zero AMC
  • Advanced TradingView charts
  • Strong API for algo traders
  • Clean web terminal
  • Steeper learning curve
  • Smaller user base
  • Less hand-holding for beginners
Open account Official site
10

5paisa

One of India's lowest-cost brokers, with flat ₹20 trades and optional subscription plans that cut brokerage further for high-volume traders on a budget.

7.5
/ 10
Account Opening
₹0 (free)
Demat AMC
₹0–300 / yr (plan)
Delivery Brokerage
₹20 per order
Intraday & F&O
₹20 per order
  • Very low flat-fee trades
  • Subscription plans for active traders
  • All segments supported
  • Lightweight app
  • Smaller, value-focused brand
  • Add-on charges to watch
  • Basic research
Open account Official site

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Charges verified June 2026 from each broker's official site; they can change — confirm before opening. Information only, not financial advice.