Table of content
How to Choose the Best Demat Account
In the financial year 2021-22, there was a 63% increase in the total number of active Demat accounts in India (CDSL & NSDL combined). This is more than twice the number from pre-lockdown days and demonstrates how retail investors are leveraging the stock market to increase their passive income.
A prerequisite to trading in the stock market is to open a Demat and trading account. But with a large number of brokerage firms offering such services, it can get quite confusing and overwhelming to evaluate which is the best Demat account. But not anymore. Here is a guide to help you understand how to choose the best Demat account in India.
5 Key Deciding Factors for Selecting a Best Demat Account
In your quest to identify the best Demat account, you must consider the following key factors.
Brokerage, Trading Costs, and AMC
- Different brokers levy different Demat charges. The pricing models may vary from per trade to a percentage of the trade value. There may also be platform usage fees and Annual Maintenance Charges (AMC) that you need to clearly understand before finalising on a Demat account. But with m.Stock Zero Brokerage proposition, you can place unlimited free trades on equity delivery, mutual funds, IPOs and the best part is AMC is also zero.
Account Opening Process
- Choose brokers that offer an entirely online account opening process (including e-KYC). This saves you time, effort, and paperwork.
UI and Trading Platform
- All your transactions will occur through a trading platform, provided by the broker. So, always look for a trading platform which is superfast with advanced features and tools yet has a simple user interface.
Pay Later (MTF)
- While choosing best Demat accounts, look for value-added services like Pay Later (MTF). MTF allows you to trade even when you are low on funds, so you don’t miss out on any lucrative opportunities. m.Stock offers the lowest interest rate of 6.99% p.a.
Excellent Customer Service
- Customer service is crucial, especially for new investors who need hand holding. But even expert traders need technical support, which requires an alert, quick, and responsive customer service team.
There are several firms in the market for you to choose from, but if you look at these key factors, then m.Stock from Mirae Asset ticks all the right boxes.
The entire account opening process is online and achieved in a matter of a few minutes.
With a super-fast yet ultra-secure and stable platform, you will never miss a trading opportunity.
With the latest charts, live updates, and other analytical tools, you will always stay ahead of the crowd in finding the right stocks to trade in.
So, join 15 lakh+ smart investors and open an m.Stock Demat account equity delivery, mutual funds and IPOs.
Read Also: What are the Features of Demat Account
Read Also: Eligibility criteria to open a Demat account
More Related Articles
Importance of Keeping A Track of Your Dormant Demat Account
16 December 2025 | 9 mins read
Managing your financial portfolio involves more than selecting the right stocks, bonds, or mutual funds. It also requires you to keep a close watch on the foundation of your investment journey, your demat account. This account is where all your securities are stored in electronic form, making it the backbone of your trading and investment activities. In India, millions of new demat accounts are opened every year as investors enter the stock market. However, a surprisingly large number of these accounts gradually fall into inactivity and are eventually classified as dormant. At first glance, a dormant demat account may appear harmless, since your shares remain safe. But in reality, leaving it unattended can result in missed opportunities, financial penalties, or even complications in claiming your holdings later.
How to Open a Demat Account for People with Disabilities
12 December 2025 | 8 mins read
Opening a demat account has become an essential requirement for anyone in India who wants to buy, hold, or sell securities in electronic form. This facility has made investing simpler, safer, and more transparent. For persons with disabilities, there are usually some additional steps, documentation, and clarifications required. With proper awareness of the rules laid down by the Securities and Exchange Board of India (SEBI) and depositories such as NSDL and CDSL, the process can be smooth and inclusive.
Demat Account Reconciliation: Secure & Track Your Holdings
27 November 2025 | 5 mins read
In simple terms, it is the process of matching your recorded transactions, holdings, corporate actions, dividends, and charges against the official statements issued by your Depository Participant (DP). This verification helps you identify discrepancies, catch errors early, and prevent fraud.
FAQ
Can I trade directly on the stock market?
According to SEBI rules, investors cannot trade in stocks directly. They must compulsorily open a Demat account with a SEBI registered broker, which needs to be linked with their trading and bank account.
Does a Demat Account need to be opened by physically submitting documents?
While this has been the traditional approach and the option is still available, the best online Demat account providers, like m.Stock, allow its customers to complete the entire account opening process digitally. At m.Stock, the entire eKYC process is managed online by uploading documents and the process is quick (takes less than 5 minutes) and hassle-free.
What are the documents required to open an m.Stock Demat account?
m.Stock requires bare minimum documentation to complete the KYC process under SEBI guidelines, like:
Identity Proof: PAN card/Aadhaar card/Passport/Voter ID/Driver's License
Address Proof: Aadhaar card/Passport/Voter ID/Driver's License/Utility Bills (Telephone, Electricity, etc.)/Ration card
Income Proof: ITR copy/salary slips or account statement for the last 3 months
Bank Account Details: Cancelled cheque/copy of bank passbook.
How is the m.Stock Demat account pricing model different from others?
m.Stock offers a free Demat account opening with zero brokerage across equity delivery, mutual funds, IPOs and ETFs. In addition AMC charges is also zero. You will only pay ₹219 + GST per quarter for operating fees.
Can I have more than 1 Demat account?
Yes, indeed. You can have multiple Demat accounts in your name. However, it is not permitted to have more than one Demat account with the same DP or broker. Furthermore, every Demat account needs to be linked to the holder’s PAN for tracking.