Top 10 Demat Account Opening Apps

Muskaan Kapoor Muskaan Kapoor
Apr 25, 2022 8 min read
Top 10 Demat Account Opening Apps

Open your Demat account online with the best and most trusted sites like Zerodha, Groww, Trading Bells, Upstox, etc., and start your trading journey today.

In today’s time, almost every process or activity is going online. We can purchase or sell anything without going anywhere, right from the comfort of our homes.

In tune with this, now even the stock market operates online. It means one can have stocks and securities in a company and thus, can trade online.

For this, a person needs to have a Demat account. With this account, one can have the possession of mutual funds, shares, and more digitally.

Many sites let you open this account online. For example- Upstox, Trading Bells, etc.

What is a Demat Account?

It is the short form for Dematerialised account. In simple words, it is an account that maintains shares and securities in a digitalized form. It means an investor can hold them without any physical possession of the certificates.

This account is full of perks. The foremost perk is that it allows you to access your trading details online. This makes your online trading journey easy. Stocks, dividends, etc. get automatically credited. It offers low transaction costs and also allows you to transfer funds with ease. The best thing is that one does not have to be worried anymore about losing one’s physical bonds or dividends certificates.

Growth of Demat Accounts in India FY17 - FY21
Growth of Demat Accounts in India

List of Sites to Open a Demat Account Online

In modern times, people are getting keener to understand and invest in the stock market. Indeed, the most important thing here is to conduct research and understand where and when to invest. Along with this, people need a Demat account to get themselves plunge into the area of trading.

Since everyone likes to get their work done online, here is a list of sites where you can open your Demat account from home:

Zerodha
5Paisa
Upstox
Groww
Angel One
Sharekhan
Motilal Oswal
India Infoline
Trade Smart Online
Trading Bells

Zerodha

Founded - 2010
Account Opening Charges - 200 INR

Zerodha - Top Sites to Open Demat Account Online
Zerodha - Top Sites to Open Demat Account Online

Another name that will help you to open your Demat account online is Zerodha. The name seems to be the talk of the town these days. It not only allows you to open an account but also helps you with its research tools and educational trading tutorials.

First, you need to visit their site and sign up with a mobile number. Once you get the OTP, you will be asked to fill in other basic details and submit the Demat account opening fee (200 INR). The rest of the process will be pretty self-explanatory on the site. You can open an account with no minimum balance.


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5Paisa

Founded- 2016
Account Opening Charges - Free

5Paisa- Top Sites to Open Demat Account Online
5Paisa - Top Sites to Open Demat Account Online

Another valuable name on the list to open your Demat account online is 5Paisa. It offers people share market services like the distribution of mutual funds, bonds, and IPOs more. The site enables you to open your account for free with 0% brokerage and a fixed charge of 20 INR for every order.

To open your Demat account here, you need to fill in bank and PAN details. Then you will be asked to add your Aadhaar number and link it through DigiLocker. After this, you will be required to take a selfie and e-sign the form, and thus, your account is ready.

Upstox

Founded- 2008
Account Opening Charges - Free

Upstox - Top Sites to Open Demat Account Online
Upstox - Top Sites to Open Demat Account Online

It is a tried and trusted platform for many in terms of investing services for many years. Upstox, one of the greatest stock trading platforms allows you to open a free account and also gives you the choice to open it online anytime anywhere.

It is better if you keep your scanned documents ready in advance like a bank statement, PAN, etc. Then all you have to do is go to their account opening page, fill in the details asked, and upload your documents. After this, you will receive an OTP for the verification and voila, it's created.

Groww

Founded- 2016
Account Opening Charges - Free

Groww - Top Sites to Open Demat Account Online
Groww - Top Sites to Open Demat Account Online

A name that has become quite popular for making investing simple is Groww. Its site will enable you to open your Demat account right from your home. Maintaining this account is super easy and it is sure to make your trading process even simpler. You can open your account for free on this site.

You will need to add your bank account and fill in some basic personal details. Then you will be required to submit KYC details online. After verification, you will be asked to check and sign your account opening form online. It offers IPOs, stocks, and ETFs.


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Angel One

Founded- 1987
Account Opening Charges - Free

Angel One - Top Sites to Open Demat Account Online
Angel One - Top Sites to Open Demat Account Online

The platform formerly known as Angel Broking has been gaining the trust of its customers for a long time and has made itself a renowned name. Its website will help you to open your Demat account online with no charges. The platform is a full package for all your financial service needs.

All you have to do is fill up the lead form on its site and you will receive an OTP on your phone. After submitting the OTP, you will be asked to fill in some basic information and your bank account details. You will then receive your Demat account details on your enrolled email id.

Sharekhan

Founded- 2000
Account Opening Charges - Free

Sharekhan- Top Sites to Open Demat Account Online
Sharekhan - Top Sites to Open Demat Account Online

This is probably one of the most popular names on this list. It has developed trust among people with its services for a long time. You can open your Demat account online for free from the Sharekhan website. You can also rely on its guidance along your trading journey.

To open your account on its site, you will be needed to fill in some personal details. Then you have to your upload the asked documents online. Lastly, there will be a verification process through a video session. That’s it, you got your account activated.

Motilal Oswal

Founded- 1987
Account Opening Charges - Free

Motilal Oswal- Top Sites to Open Demat Account Online
Motilal Oswal - Top Sites to Open Demat Account Online

Motilal Oswal is one of the most important names on the list. It is a tried and trusted name which allows you to open your Demat account online with great convenience. You can open it without any fee, however, there will be a maintenance charge from the second year.

You will be needed to fill out a form on their site and then their executive will give you a call and share the EKYC link. You can upload the scanned copy of your documents there. Then, you will again get a call for verification. After this, you will receive an email with your login details.


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India Infoline

Founded 1995
Account Opening Charges - Free

India Infoline - Top Sites to Open Demat Account Online
India Infoline - Top Sites to Open Demat Account Online

A name that has been a provider of brokerage services for more than 26 years is here to help you with the opening of your Demat account online in a few minutes. It enables you to open your account free of cost and also allows you to turn to its experts for all your investing queries.

Its opening process is super simple. You will need to fill up the lead form, and submit your bank and PAN details. Then digitally verify the KYC details. After this, you can download its application and start your way toward investing.

Trade Smart Online

Founded- 2013
Account Opening Charges - Free

Trade Smart - Top Sites to Open Demat Account Online
Trade Smart - Top Sites to Open Demat Account Online

Another tried and trusted name on the list of sites is Trade Smart. If you want to open your free Demat account online then, this is for you. It provides services in stock, commodity, and currency trading sectors.

To open your account on this site, you need to verify your phone number and fill in the basic details asked. Then submit your documents online and done. You are ready to trade online with your new account.


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Trading Bells

Founded- 2016
Account Opening Charges - 750 INR

Trading Bells - Top Sites to Open Demat Account Online
Trading Bells - Top Sites to Open Demat Account Online

When it comes to opening a Demat account online, Trading Bells is also a popular name to be considered. It allows you to open your account instantly with an opening fee of 750 INR. This charge might seem quite higher than others, but they do not charge any maintenance charges afterward.

You will need to fill in the online application by submitting your Aadhaar number and the mobile number linked to it. You will also be required to upload the basic documents asked. Then, you have to pay the opening fee. Finally, to make the process more secure, you will receive a video call, where you have to showcase your documents for in-person verification. That’s it, you got your Demat account.

Conclusion

The world of trading online is expanding at a very rapid rate. Every other person wants to take a dive into it and try to be successful with their investing decisions. To begin with the process, one must have a Demat account without which you cannot be a part of the many stock investment platforms. So, the above-mentioned is the list of sites that will allow you to create your account online anytime and anywhere.

FAQs

Which is the best site to open a Demat account?

Zerodha, Upstox, Groww, Angel ONE, Β 5Paise, Sharekhan, Trading Bells, Trade Smart Online, Motilal Oswal.

Where can I open my Demat account for free?

Upstox, Groww, Sharekhan, Motilal Oswal, Angel One.

Can I open my Demat account from home?

Yes, many sites enable you to open your Demat account online.

Can I open a Demat account on Zerodha for free?

No, it charges an opening fee of 200 INR.

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