Frequently Asked Questions

What is a demat account?

A demat account holds your shares and securities in electronic form. You need one to buy stocks, mutual funds, bonds, and ETFs on Indian exchanges.

How much does it cost to open a demat account?

Most discount brokers offer free account opening. Annual maintenance (AMC) ranges from ₹0-₹750. Some brokers charge ₹200-₹300 for account opening.

What is the difference between a demat account and trading account?

Demat account stores your securities. Trading account is used to place buy/sell orders. You need both to trade. Most brokers open both together.

Can I have multiple demat accounts?

Yes. There is no legal limit. Some investors use different brokers for different purposes (one for long-term, another for trading).

What documents do I need?

PAN card, Aadhaar (for eKYC), bank account details, and a recent photograph. Most brokers offer instant digital account opening via eKYC.

Is my money safe in a demat account?

Securities in demat are held by NSDL/CDSL (depositories), not the broker. Even if the broker shuts down, your securities are safe. Cash balance should be kept minimal.

Demat Account
4.1/5
Axis Direct logo

Axis Direct

Axis Direct

Axis Bank broking arm. 3-in-1 account with seamless banking integration.

Account Opening

₹0

AMC

₹0

Equity Delivery

Zero

Intraday

₹20 per order

Open your demat account in 15 minutes

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100% Digital • Paperless KYC

Trading Platforms

Axis Direct Web

Axis Direct App

Key Features

  • Axis Bank 3-in-1 account
  • Good research
  • Easy IPO access
  • Trusted brand

Fee Structure

Fee TypeAmount
Account Opening₹0
Annual Maintenance₹0
Equity DeliveryZero
Intraday/F&O₹20/order

Pros

  • Axis Bank 3-in-1 account
  • Good research
  • Easy IPO access
  • Trusted brand

Cons

  • Higher than discount brokers
  • Limited algo trading
  • App could be faster
InvestingPro Verdict

Axis Direct

4.1
Features4.3/10
Pricing4.8/10
Platform4.2/10
Support3.9/10

Axis Direct by Axis Direct is a solid choice for Indian investors looking for a reliable trading and demat account. With equity delivery brokerage at Zero and intraday at ₹20 per order, it offers competitive pricing in the market.

Reviewed by InvestingPro Editorial Team

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Eligibility

Minimum Age

18 years

Required Documents:

  • PAN Card
  • Aadhaar Card
  • Bank Statement

Investment Risk

Trading in securities market is subject to market risks. Read all related documents before investing.

Frequently Asked Questions

What is a demat account?›
A demat account holds your shares and securities in electronic form. You need one to buy stocks, mutual funds, bonds, and ETFs on Indian exchanges.
How much does it cost to open a demat account?›
Most discount brokers offer free account opening. Annual maintenance (AMC) ranges from ₹0-₹750. Some brokers charge ₹200-₹300 for account opening.
What is the difference between a demat account and trading account?›
Demat account stores your securities. Trading account is used to place buy/sell orders. You need both to trade. Most brokers open both together.
Can I have multiple demat accounts?›
Yes. There is no legal limit. Some investors use different brokers for different purposes (one for long-term, another for trading).
What documents do I need?›
PAN card, Aadhaar (for eKYC), bank account details, and a recent photograph. Most brokers offer instant digital account opening via eKYC.
Is my money safe in a demat account?›
Securities in demat are held by NSDL/CDSL (depositories), not the broker. Even if the broker shuts down, your securities are safe. Cash balance should be kept minimal.

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