A Demat account is used for holding your financial securities like stocks, mutual funds, bonds, etc. Similar to as we have bank account to store our money, a demat account is used to store securties in electronic form.
Talking of Zerodha or any of the stock brokers in India, Demat account is one of the prime services they offer. While some like Zerodha, provide a 2-in-1 account that includes an integrated trading account and a demat account to allow seamless transactions between them. There are others like banking institutions providing a 3-in-1 bank account, demat, and trading account facility. Further, Zerodha is a depository participant (DP) with the Central Depository Services Limited (CDSL) depository.
Zerodha Demat Account Features
|Demat Account Opening Charges||₹0 (Free)|
|Trading Acc Opening Charges||₹200 (Equity) + Rs.100 (Commodity)|
|Trading Account AMC||₹0 (Free)|
|Demat Account AMC||₹300 per year|