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With whom can we open a free demat account for shares trading in India and Why?
Updated 4 November 2025
Language: EN
Brokers in India are classified into two types based on the services they offer and the fee they charge:
Full-service Broker (Top 10 Full-service Brokers)
Discount Broker (Top 10 Full-service Brokers)
Here is the list of companies where you can open a free demat account. These platforms offer free demat accounts with no account opening fees or account maintenance charges, making them an attractive option for investors looking for a low-cost solution.
Broker
Demat Account Opening Fee
Demat Account AMC
Prostocks
Rs 0 (Free)
Rs 0 (Lifetime Free)
5paisa
Rs 0 (Free)
Rs 0 holding value is less than Rs 50,000 & up to 1 Demat account
Dhan
Rs 0 (Free)
Rs 0 (Lifetime Free)
Upstox
Rs 0 (Free)
Rs 0 AMC
Groww
Rs 0 (Free)
Rs 0 (Free)