After setting up a Demat Account, you need to consider Demat Account charges.

While several brokers, financial institutions, banks and broking firms offering a free Demat Account to their customers, certain charges are levied on the customer at a later stage or after some time depending on the various options provided. It is essential for you to know all about the Demat Account charges.

You can choose any broking firm, financial institution or bank who is an authorised DP with either NSDL or CDSL and is registered with SEBI. Each one of these companies comes with their Demat Account brokerage charges.



A crucial piece of information to be considered are the demat charges. Here is a summary of these:

  1. Account Opening Fees :

    Nowadays, the Demat Account opening charges levied by the DPs are either nominal. Banks provide it completely free if you set up the 3-in-1 account with them, i.e. a savings bank account, a trading account and a Demat Account.

    However, most private broking firms like Angel Broking have no account opening fees and provide a seamless account opening experience for you via their online trading platform. Nevertheless, if any additional costs are involved such as stamp duty, GST and other statutory levies by SEBI, they will be charged as applicable.

    Therefore, you must always compare the various DPs and their Demat Account opening charges and choose the best one for you.

  2. Annual Maintenance Charges :

    Some firms charge a basic fee, whereas a few DPs even waive off the AMC charge for the first year and start the billing cycle from the second year onwards. Each depository has its specific guidelines for charges.

    For instance, Angel Broking charges a flat rate of Rs. 699 per year as their AMC fees and provide various value added services such as online transfer of funds via net banking and UPI, analytics and artificial intelligence based advisory for technical and derivatives trading ideas so to name a few services.

    SEBI has revised the Basic Services Demat Account – BSDA, from 1st June 2019 where there are no annual maintenance charges for debt securities up to Rs. 1 lakh. Conversely, a maximum amount of Rs. 100 would be levied if the holding is from Rs. 1 lakh up to Rs. 2 lakhs.

  3. Custodian Fees:

    DPs either charge a one time fee, annually or unless specified. Most of the times, this fee is paid directly by the company to the depository that is either NDSL or CDSL.

    Majority of the broking companies, like Angel Broking, waive off the custody fees.

  4. Transaction Fees:

    The transaction fee is also known as Demat Account brokerage charges, are charged for every transaction completed by the DP. Some DPs charge a percentage of the value of the transaction, while others charge a flat fee per transaction.

    Broking firms like Angel Broking charge a very minimal amount of zero brokerage on Equity Delivery Trading & ₹20/order Flat Brokerage for Intraday, F&O, Currencies & Commodity.

    Apart from the fees mentioned above, there are other Demat Account charges like credit charges, rejected instruction charges, various taxes and cess, delayed payment fees and so on. When you are in process to select a DP for your investor purpose, do make sure to have a look at all the charges that are levied to your Demat Account.