What is Zerodha Demat Account and how is it beneficial?
People frequently make investments in stock markets and there creeps the need for opening a Demat account. Private banks provide the facility of Demat accounts but they are quite expensive. Although the services provided by such platforms are great, sometimes the dividends are killed by the bank charges and brokerages deducted from such accounts. Private banks charge huge brokerages when a transaction is made through the Demat account. The worst part is that you still have to pay the brokerage amount when a stock is traded in the loss. May it be ICICI Direct or HDFC securities the brokerage amount for such banks is more or less the same. You might not want to go with them. But then, opening a Demat account is also compulsory for trading stocks. Hence consider opening the Upstox account. After a lot of research, we have come up with something that will not cost you more and you will not have to pay so much brokerage as you are doing. Zerodha Demat and Trading acc...
