Where to Open Demat Account Online in India?

Learn Where and How to Open Demat Account Online in India?

Learn Where to Open Demat Account Online in India? How to Open Demat Account in Zerodha – Best Broking Company with Lowest Brokerage Charges.

How to open Demat Account in Zerodha

In this Hindi Video, Learn where to Open Demat and Trading Account in India. Best Broking Companies in India with Lowest Brokerage Charges, Account Opening Charges and Annual Maintenance Charges.

In this Hindi Video, you will learn – How to open demat account in Zorodha online with step by step Account opening procedure. I have explained about options to open Demat account. What is difference between full service and discount brokerage houses? Where to open Demat account

What is Demat Account?

Demat refers to a Dematerialised Account. It is needed for share trading (buy and sell shares / stock) in Stock Market in India.

Most share trading brokers, financial institutions and Banks like SBI, ICICI Bank, Axis Bank, HDFC Bank help to open Demat A/C for share trading.

Learn More:

• What is Demat Account?
• How to Open Demat Account in India?
• What Is Dematerialization in Share Trading?

Where to Open Demat Account

Today there are so many Options and Broking Houses to Open a Trading and Demat A/C:

• Angel Broking
• ICICI Direct
• Axis Direct
• Kotak Securities
• HDFC Bank
• 5Paisa
• Sharekhan
• SBI Bank
• Tradebulls
• Motilal Oswal
• Zerodha

Check:

• Top 10 Best Online Stock Trading Platforms Review

4 Points to Keep in Mind

1. Low Opening Charges and Annual Maintenance Charges
2. Low Brokerage Charges
3. Latest and Easy Technology so you can Trade with Mobile Phone, Tablet of Computer
4. Safety of your Equity Investment

Let us now Discuss all the 4 Points in Detail.

Demat Account Charges

A/C Opening and Annual Charge:

• All Brokerage Houses are Registered with SEBI and they all get License from BSE and NSE.
• All Brokerages Houses will tell you that they are Registered with SEBI, BSE and NSE and will Try to Trap you.
• Trust only Big and Reputed Brokerage House.
• Compare Trading and Demat Opening Charges and Annual Maintenance Charges.
• I remember when I first Opened my Demat A/C with ICICI Direct, I had to pay Huge A/C Opening Charge.
• Now a Days Demat A/C can be opened only with Rs. 300/- to 500/-
• Still many Banks and Brokerage Houses Charge just too much for opening Demat A/C.
• There is no need to pay such Huge A/C Opening charges or annual maintenance charges. You will have to pay their huge annual maintenance charges even if you do not trade in the whole year. So, avoid them.

Brokerage Charge:

• Most Brokerage Houses Charge in %. For e.g., if you Buy or Sell Shares worth 1,00,000 then their Brokerage will be .5 to .4%. Which make huge Amount.
• This Brokerage Charge in Percentage Become Huge Money during the whole year.
• Most Banks and Brokerage House will Try to Fool you be saying that they will Provide FULL SERVICE.
• In name of FULL SERVICE they will start sending your SMSs and e-Mails to Buy or Sell Certain Stocks.
• They don’t have anything with you Gaining or Losing Money. All they want is their Brokerage.
• They will also tell you that you can even Trade on Phone. Think. Now Internet is so easily available and is also very cheap. Do you really need to Trade on Phone? You can easily do it yourself on your Android Smartphone or iPhone or Laptop.
• .5% Brokerage on Buying and .5% on Selling = 1% Total Brokerage in the Name of Full Service is Just Too much and you are actually losing money every year.
• It is very importance to avoid such unwanted expenses if you want to earn money from Stock Market.
• This is why there are NOW Discount Brokerage Houses.
• They may not give you Stock Tips every Morning or Provide Facility of Trading over Phone.
• But their Apps and Software are Much Better than most Expensive Brokerage Houses.
• You can easily Buy and Sell Stock with their Apps and Latest Software.
• Many Discount Brokerage Houses Provide the Facility of ZERO Brokerage if you Buy and HOLD Stocks. You don’t have to pay any Brokerage for Buying and Holding Stocks or Taking Delivery of Stocks.

Latest and Easy Technology:

• The Brokerage House should provide you with smooth Apps and Software so Easy and Convenient Trading.
• You should be able to Trade on the Go.

Safety of your Account, Stocks and Money:

• Safety of your Demat Account is Important.
• Trust only Well Known and Reputed Brokerage Houses.
• Do not Open Demat A/C with any Brokerage House with very Bad or Window Dressed Brokerage House.

Top 5 Brokerage Houses in India

1. ICICI Direct – Brokerage Charges is too much
2. HDFC – Very High Brokerage
3. Zerodha (Discount Brokerage House)
4. Axis Direct
5. Share Khan

Why open Demat Account in Zerodha?

• Out of the above Top 5 Brokerage Houses, only ZERODHA is Discount Brokerage House.
• Lakhs of People have Trusted ZERODHA and are using their Services.
• Some very well know Investors have their Demat A/C with ZERODHA
• I personally Have my Wife’s Demat A/C with ZERODHA
• ZERO Brokerage If you Buy Shares and Take Delivery
• Flat Rs. 20/- or 0.01% which ever is lower Per Order on Intraday. Even though I do not Recommend anyone to Do Intraday.
• You can trade worth Rs. 1000 or 1 Crore, you just have to Pay Flat Rs. 20/-
• This way you know well in advance the Brokerage that you have to Pay.
• Account Opening Charge on ZERODHA is Rs. 300/- – Rs. 500/-
• Annual Maintenance Charge is about Rs. 300/-
• NO Other Hidden Charge.

FAQ on Demat Account

Conclusion

I hope you liked this Article. Please SHARE with others. Thanks!

Also Read:

• How to Transfer Demat Account from one Broker to Another
• How to Pick Best Stocks to Buy in India
• What is PE Ratio (Price-To-Earnings Ratio)
• Fundamental Analysis of a Company
• Top 10 Best Textile Stocks to Buy in India
• Stock Market Terminology for Beginners
• How Stock Market Works?
• Types of Orders in Stock Market in India
• What is Intraday Share Trading?