Demat account is compulsory for an individual who is willing to buy and sell stocks and can be utilized to secure the shares in the electronic form. Investors who want to start trading should be competent in choosing a demat account, or else the investor has to pay high transaction charges. Many hidden charges are also applicable for opening a demat account.
We have 2 Depositories who can provide Demat services in India:
NSDL – National Securities Depository Limited.
CDSL – Central Depository Security Limited.
Both of them are registered under SEBI. The most important thing to know is that your stockbroker will be a part of the Depository and would be known as a Depository participant. So when you open a demat trading account with your stockbroker.
Many stockbrokers can provide demat services in India. Here is the list of the top 5 stockbrokers.
- Zerodha – Zerodha Demat Account
- Upstox – Upstox Demat Account
- Angel Broking – Angel Broking Demat Account
- Stoxkart– Stoxkart Demat Account
- Choice Broking – Choice Broking Direct Account
Stock Market Courses 