Best bank to open a demat account

Hi all am new to this field
Could any one please let me know which bank should i approch to opem Demat account
Least brockrage charge

Nowadays most of the Depository Participants or banks allow you to open demat account and you can also operate your DMAT account online from your office or home. Hence with the help of a computer and Internet connection, now a Demat account holder can check his/her view holdings, billing and transactions, as well as order Delivery Instructions Booklet, Check ISINs, etc. Online Demat Services makes your trading fast, easy and more efficient.

for open a demat account just open xxxxxxxxxxx

Dear Ravindra,

Don't open Demat account/Trading Account through a bank.

Open it with brokerage firms like IndiaBulls, Kotak, Emkay, Angel etc. Select the best one's by going through posts by many members by analyzing their feedback. Opening account with such firms will enable you to negotiate on brokerages etc. Usually Bankis like ICICI & HDFC charge high brokerage.

Tc

Hi SwingKing,

Do IndiaBulls, Kotak, Emkay, Angel have online opening account? Do they require the applicant to have a demat account?

I was planing of opening an account with HDFC (4 in 1 account) or ICICI (3 in 1 Account)

Would you personally advice that these are not suitable as they charge high?

DHC,

It depends on what you want.

Private brokerage firms will open your Trading and DMAT account both. Compared to bank they do charge less. If you have good account size, they charge even less. You can bargain more.

Tc

DO NOT EVEN THINK ABOUT OPENING A DEMAT ACCOUNT THROUGH A BANK
I had an ICICIdirect account for around 3 years. I found their services extremely unreliable, unprofessional and expensive. Read my review here
http://www.traderji.com/brokers-trading-platforms/49864-icicidirect-review-feedback.html
Do not open a demat account offered by any bank. Typically they charge high brokerages and annual charges. Also remember that demat services is a secondary business for them and customer satisfaction for banking services and not demat services is their priority.

With ref. to reply #6, above by adi2001us, I wish to state that I've already applied to ICICI bank today (as per proper feedback), though I was skeptical, initially. Plz let me know in case I go ahead & open this a/c with ICICI, but later switch over to some other?
Thnx

Hi
It depends on wat u want. I have experience with both ICICI Direct & Zerodha.
If u are an investor , Icici will just suit u fine. Brokerage is on higher side but for investors it's ok. Becoz 1. They don't trade ur account without ur consent 2. Their RM's will never call u with their recommendations to generate brokerage 3. It being a bank, funds transfer n allocation is seamless.
On flip side, their site will sometimes be down.

If u r a trader in options, then go for Zerodha. Professional and v low brokerage.

Dont give a damn to any others. There all can trade ur account n flood u with their recommendations.

DEAR SIR
I m a day trader tader(loss of 20k) having trading account with zerodha and demat with il&fs , but now i want to do swing or positional trading....
SO,sir please suggest me which is the best demat service with lowwest transcation charges..
please sir suggest me..
thanks