How much money is required to open a Demat account in India?
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- Updated On:28-Sep-2021
- Replies:1
Short Answer
Many Indian brokers allow you to open your Demat account for free, whereas some charge a nominal fee of Rs 200 to Rs 500. Although there are some recurring charges that you have to bear such as annual maintenance charges, Demat charges, etc.
Detailed Answer
Cost of opening a Demat account in India?
A demat account is a type of account that is used to buy sell and store shares, bonds, and other digital securities. You cannot buy and sell securities without a demat and trading account. Presently there are numerous brokers in India who offer demat accounts in India. Some of them provide Demat accounts to their customers without any cost but there are come annual charges that you have to bear.
How much do you need to open a demat account
The initial account opening charges vary from broker to broker. Most of the brokers do not charge any annual opening fee or provide the first year for free. Whereas there are some recurring charges like demat maintenance charges, annual charges, etc. That can range from Rs 200 to Rs 1000 for some full-service brokers. For example, the largest discount broker in India, Zerodha charges Rs 200 for opening an account.
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Discussion (0)
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