Opening Demat account is the first step towards investing in the stock market, mutual funds, IPO and NCD's in India.
In layman terms; the Demat account is similar to a bank account. The major difference is; instead of keeping the money, you keep shares, mutual funds or bonds in electronic format in Demat account. Keeping stocks and Mutual Funds in the demat account has many advantages including higher security and faster transactions.
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Demat AMC is an annual maintenance charge paid by the customer to keep the account active. Even if you use it or not, as long as you hold the demat account, you have to pay the AMC.
Lifetime Free Demat Account
Demat accounts that are free of AMC for lifetime. These accounts are the best demat accounts for beginners as it reduces the cost. Brokers who offer lifetime demat accounts usually ask for a one-time fee or a small refundable deposit of Rs 1000.
Open Free AMC Demat Account Online
The first step towards opening a free online demat account is to find a suitable broker to suit your investment needs. Below is a list of brokers offering lifetime free demat account. Click on the broker name below to read broker reviews. Fill the enquiry form to request a callback from the broker.
Lifetime Free Demat Account (Demat Account without AMC)
Note:
Prostocks charges Rs 1000 refundable security deposit for lifetimes free demat account. The Rs 1000 is refunded to you when you close the demat account
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