Stock broking has become one of the most competitive businesses in recent times. In fact, calls from employees of broking firms to open a broking and demat account are pretty consistent these days.
Here are a few broking firms where you can open your demat account and that offer free demat and or trading account in India. You can also open the demat account online or the trading account online.
Please remember that the list keeps changing and you have to look at service aspects. Some low cost brokerages, do not offere physical statements and stuff. So, be careful to check and open an account.
Trading plans that meet your needs
Sharekhan allows you to open an online trading and broking account absolutely free. One can also avail of trading plans that suit your needs by just paying the AMC which are then adjusted against the brokerage payable. This tends to save on brokerage charges.The company backs-up customer requirements through research reports and a good customer service support.
Free lifetime AMC option
SMC offers free account opening and a free demat account. One can integrate the bank and broking accounts, which means it's easy to receive money to and from your account. The company also offers a lifetime free AMC option. A good advantage of the account is that it offers 24x7 access to the back office, which means in case you are not sure of a transaction executed or clear balance or anything with regards to your demat account, you have easy access to the customer service.
Sushil finance also offers free trading and demat account. The company also offers research facilities for clients to back them-up with the right purchase decision. The firm also helps one to execute a three in one order screen for buying and selling in BSE/NSE cash and derivatives segment of the capital markets. Brokerage rates are flexible and would be based on the volumes that have been executed.
IIFL also allows one to open a free trading and demat account. The account opening charges that would be paid would be reversed against brokerage generated in the first 90 days of the account opening. The firm offers competitive brokerage and a dedicated relationship manager. The form also provides access to research reports that would help in buying and selling of stocks.
Angel broking also a top-notch broking firm in the country offers free demat account. The stock brokerage charges and the services are also very competitive.
Geojit BNP Paribas
Geojit BNP Paribas is currently offering a free demat and trading account with nil annual maintenance charges.
It is a good brokerage house that also back you u with good equity research.
Religare is offering free demat account. There maybe other terms and conditions that you need to adhere too.