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Best Demat account for beginners

Best Demat account for beginners
Best Demat account for beginners
Best Demat account for beginners

In this post we are going to discuss about Which is best demat account for beginners in India. Beginners they don’t know how to start trading journey and how to open demat account online

What is demat account ?

Demat account provide the facilities to hold the shares in the electronic format. There are two types of trader are present in the market one who is Intraday trader and second one who is investor. Investor buy and hold the shares for 1 year, 2year, 5 years , its completely depend on the investor. 

What is trading account

Trading account is used for buying and selling of stocks. Trading account helps buyer to place order in trading account. Now a days buyer do not need to do any paper work or placing order by phone call. All stock Brokers provide trading account to buy and sell securities.

Trading account is linked with bank account that provide liquid cash for buying and selling stocks. Through trading account you can buy shares and shares are credited to the demat account.

Which is best demat account for beginners
Which is best demat account for beginners

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    Table of Content :

    • Why is demat account required ?
    • What is the best demat account for beginners
    • List of best demat account in India
    • Compare best demat and trading account
    • Benefits of demat account
    • List of Best demat account app
    • Documents require to open demat account

    Why is demat account required ?

    To keep proper track of investments in shares, bond and mutual fund , ETF in one place for this demat account is required. without demat account you cannot hold any shares for long time. 

    What is the best demat account for beginners

    Angel One provide best demat account services to the beginners. The features and services offered by angel one is best as compare to any other stock broker. By using angel one demat account you can also monitor shares and mutual funds.

    List of best demat account in India

    Below is the list of most trustable and reliable best demat account in India based on their ranking :

    S.NOStock Market Apps Customer RatingDownload App Link
    1.Zerodha10/10
    2.Angel One9/10
    3.Upstox8/10
    4.Samco Securities7.5/10
    5.Choice Broking7/10
    6.Grow App6.75/10
    7.Dhan App6.50/10
    8.Motilal Oswal6.25/10
    9.Icici Direct6/10
    10.Sharekhan5/10
    Compare best demat and trading account :

    here i have compared best demat and trading account in India. For this i have my own experience

    RankDemat AccountBrokearge ChargesOpen Demat Account Customer Reviews and Rating 
    1.ZerodhaDelivery free/ 20 rs for intraday trading9.25/10
    2.Angel OneDelivery free/ 20 rs for intraday trading9.10/10
    3.UpstoxDelivery free/ 20 rs for intraday trading9/10
    4.Samco Securities20 rs for intraday trading8.75/10
    5.Choice Broking20 rs for intraday trading8.60/10
    6.Groww 20 rs for intraday trading8.50/10
    7.Dhan0.50 %8.40/10
    8.Motilal securities0.50 %8.30/10
    9.Sharekhan0.50 %8.20/10
    10.ICICI0.50 %8.10/10

     

    Benefits of demat account :

    If you are opening a new demat account then You should know the importance of demat account. In India if you want to buy and sell shares then you need to open a demat account. You can open demat online in 24 hours.  

    • Easy Access Online
    • Loan Facility for trading
    • No paper work for buying and selling of shares
    • Save Time
    • No TDS on Demat account
    • No Risk of any Fraud
    • Global Investment
    • Fast transfer of securities
    • Convenient Nomination facilities.
    • Get regular updates of stocks
    List of Best demat account app in India :

    Below is the list of top 5 free demat account app for trading without any charges.

    S.No Free Demat App Download Stock Market App
    1.Angel One
    2.Upstox
    3.Zerodha
    4.Share Khan
    5.Samco Securities

    Documents require to open demat account :

    To open demat account online , you need to upload all the documents . Now a days demat account opening procedure is very easy any beginners can open account. After submitting all documents your account will get activate within 24 hours after that you can start trading.

    • Age: Above 18 +
    • Identity Proof : PanCard
    • Address Proof : Aadhar Card, Passport, Voter Id card, Driving License
    • Photo Graph
    • Bank Details
    • Optional (if you want to trade in Future and Option ) 6 month bank statement, 3 month salary slip, ITR, Demat account holding statement.     

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      Also Read More :

      Final Conclusion : Select best demat account based on the customer reviews. If you have good demat account you can learn easily and place fast order for buying and selling of any stocks.

      Comment Below which demat account you are using for trading

      FAQ’s :

      •  What is the use of the Demat account?

      Demat account is used for holding and investment of shares, bond, mutual funds, ETF’s and government securities.

      • What is the minimum amount to open a Demat account?

      You can open demat account with zero balance , you dont need money to open account but you have to choose broker who is offering free demat account. Angel one is offering free demat account but zerodha and upstox charge for demat account.

      • Which Demat account is best in India?

      Zerodha, Angel one and Upstox is best demat account in India. 

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