Lifetime Free Demat Account in India

The Indian financial markets have completely shifted to the electronic trading system in 1996. The dematerialization of securities and shares after the dematerialization act has made in mandatory for an investor to have a demat account to be eligible for investing in the market.

Demat service providers have greatly leveraged the evolution of technology and have come up with great online platforms and mobile applications to ease out the trading and investing process for investors. With the increasing competition in the broking and depository service industry, brokers are coming up with competitive pricing and offers to attract more and more investors for generating more and more revenue.

Apart from brokerage charges, depository participants also charge an account opening fee and annual maintenance charge from investors. These charges can range from a few hundred Rs annually to a few thousands. There are many brokers who offer free demat account opening to the investors but still charge an annual maintenance charge. However, there are many demat providers who offer a lifetime free demat account to the investors. Such demat accounts do not attract any charge in the form of account opening or annual maintenance and are absolutely free.

Today, we will discuss about some of the depository participants who are offering a lifetime free demat account to the investors.

List of Lifetime Free Demat Account

• Nextbillion Technologies (GROWW)
• PayTM Money
• Trustline
• ProStocks
• Finvasia

Nextbillion Technologies (GROWW)

Based in Bangalore, Groww was established in 2016 and is valued at $ 1 Billion. Groww offers a lifetime free demat account to the investors and does not bill any charge to the investors in the form of account opening or annual maintenance.

The only drawback of Groww is that it allows trading only in stocks and does not supports Futures and Options segment as of June 2021.

Paytm Money

Paytm Money is a subsidiary of One 97 Communications, which is amongst the most reputed financial service providers in India. Paytm Money offers an 100% free demat account to the investors for lifetime. The investors need to pay any charge in the form of account opening fee or annual maintenance charge.

Paytm Money offers free delivery trade and charges 10 Rs or 0.05% on intraday as the brokerage charges.

TrustLine

TrustLine is a broker and depository participant based out in Chennai. It also offers a life-time free demat account to the investors which is free from any annual maintenance or account opening charge.

TrustLine is a full-service broker and also provides asset management services.

ProStocks

ProStocks was established in 2016 and provides services in equity trading, derivatives trading, currency trading along with depository services. ProStocks offer life-time free demat account to the investors which is free from any account opening or annual maintenance charge.

ProStocks charges a flat Rs 15 per trade brokerage for intraday and future and options trade.

Finvasia

Finvasia is a FinTech company which is offering free demat accounts along with services like zero brokerage, zero clearings, zero AMC etc. There are no charges for opening or annual maintenance of a demat account.

Finvasia charges no brokerage or commission from its clients and is an absolutely zero commission broker and depository participant.

Conclusion

These are some of the depository participants offering a lifetime free demat account to the investors. However before finalizing any depository participant you must consider some important factors. Once you have your demat account ready, you are ready to start investing into the financial markets. An investment advisor can help you by providing research-based recommendations for all your investment needs.

Happy Investing!

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