FREE Account Opening + Zero AMC Fees* + MutualFund SIP1

Lifetime Free Demat AMC Accounts - No Maintenance Charge

Report List >

A demat account is mandatory to open to start investing in stock market as it keeps shares, mutual funds, and other securities electronically safe. Brokers charge an annual maintenance fee or AMC to manage the demat account but there are some brokers who offer lifetime free demat account at no AMC. Check a list of zero AMC Demat account brokers in 2023 and pay zero maintenance fee on your Demat account.

Lifetime Free or Zero Demat AMC Account

In a free AMC Demat account, your broker does not charge you anything for maintaining or managing your Demat account. Yes, you heard it right, there are zero annual charges on the Demat account for a lifetime.

However, to lure investors, many investors offer lifetime free Demat account without AMC but charge you high brokerage to cover up these expenses. So be cautious while selecting the right broker to open a Demat account.

Despite Zero AMC, some brokers may ask you to pay a one-time account opening fee or a small refundable deposit while opening a Demat account.

Some stock brokers offer zero fee demat account by charging no AMC for the first year however, some brokerage houses provide lifetime free demat accounts.

Here, we have only looked at brokers that offer no AMC accounts for lifetime rather than just for 1st year. A zero annual maintenance Demat account are ideal for beginners to save on brokerage costs.

We have rigorously picked 7 popular lifetime free Demat AMC account stock brokers in India including discount brokers and full-service brokers.

Compare demat account opening fee, annual maintenance charge, and brokerage charges of all recommended demat account brokers.

List of stock brokers offering Zero Demat AMC Accounts for Lifetime

Broker Delivery Account Opening Demat Account Opening Demat AMC Review Request Callback
Upstox2.5% or Rs 20 whichever is lower Promotion offer: FreeFreeFreeUpstox ReviewOpen Account
ProStocksFreeFreeFreeRs 0 (Rs 1000 Refundable Deposit)ProStocks ReviewOpen Account
Paytm Money2.5% or Rs 20 whichever is lowerRs 200FreeFreePaytm Money ReviewOpen Account
Groww0.05% or Rs 20 whichever is lowerFreeFreeFreeGroww ReviewOpen Account
FyersFreeFreeFreeFreeFyers ReviewOpen Account

Best Lifetime Free Demat Account at no AMC

Prostocks Demat account is the best for beginners to enjoy zero AMC fees for lifetime. The discount broker charge a one-time refundable fee of Rs 1000 as a security deposit which is refunded when you close your Demat account.

Other recommended brokers offering lifetime zero AMC demat account includes Upstox, Fyers, Groww and Paytm Money. All recommended brokers charge a fixed flat brokerage of Rs 20/order on trading in different segments. Newbies can consider these brokers to open a trading and demat account.

AMC should not be the only factor to start trading otherwise you might end up paying high brokerage fees.

To choose the right broker, you also need to check other factors such as brokerage fees, available trading platforms and features, broker's reputation and trustworthiness.

User Reviews