In earlier times of Indian Stock Market history the trading was placed through trading rings where the brokers signals for buying and selling of shares by showing their hands in the ring space of BSE to other brokers and after confirming the order the brokers exchanges the physical share certificate in paper form. The exchange of physical share certificate was very hefty to use hence to overcome the lengthy and troublesome process of buying and selling shares through paperwork, a Demat account was introduced in late nineteens. After the start of Demat Account all the physical share certificates where dematerlised through Securites Registrars and was held in demat form with CDSL and NSDL Account. Now in current time all the trading process is done through demat form through stock exchanges. Further in current time you can not invest in listed securites without the use of demat account so in this post we are going to learn about some of the best demat account service providers in India.
List of Best Demat Account Providers in India 2024
Rank | Broker Name | Active Client Base | Account Opening Link | Full Review |
1 | Zerodha Broking | 6,396,714 | Review | |
2 | RKSV Securites (Upstox) | 5,768,842 | Review | |
3 | NextBillion Technology (Groww) | 4,063,750 | Review | |
4 | Angel One | 3,791,032 | Review | |
5 | ICICI Securities | 3,089,009 | Review | |
6 | 5Paisa Capital | 1,718,734 | Review | |
7 | Kotak Securites | 1,281,875 | Review | |
8 | HDFC Securites | 1,147,623 | Review | |
9 | IIFL SECURITIES LIMITED | 1,139,646 | Review | |
10 | Motilal Oswal | 903,837 | Review |
gimeyam singh July 22, 2022, 10:15 a.m.
"A demat is a mandatory requirement for investing in the financial market. We are grateful, you mentioned about the best demat account out there. Many investors looking to start share market investments shall be edit greatly. "