Can a free demat account be opened without any annual payment?
Can a free demat account be opened without any annual payment?
vipul singh (others) (39 Points)
05 August 2022
1 Replies
Digi@54321
(NA)
(64 Points)
Replied 05 August 2022
Demat accounts provide a secure storage for all the shares and securities investors purchase in the financial market. It is true that Demat accounts come with some charges for the services they provide. The stockbrokers offering Demat accounts levy certain fees, called brokerage. Yet, there are some renowned firms such as Kotak Securities, which is best demat account provider, offering zero Demat account opening. You can open a Demat account with Kotak Securities, absolutely free. All you have to do is to apply for it, on their online portal.
There are no hidden charges that you should be worried about. The annual maintenance charges (AMC), on the demat account is relatively lower. Hence, you would find the annual price quite affordable. The overall costs brn by you would be marginal hardly affecting your finances. If you want you can choose a comprehensive brokerage or even trading plan to save more. Such plans will offer combo services as additional discounts.
For more information visit:-
https://www.kotaksecurities.com/ksweb/account-types/demat-account/best-demat-account
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