Leading
Full-Service Broker
Strong
Research Desk
41,100 Cr.
Asset Under Management
SEBI-Registered
Secure & Compliant
Full-Service Broker
Research Desk
Asset Under Management
Secure & Compliant
Place orders with low DP and brokerage charges
View Detailed ChargesTrade in a variety of financial products with Choice demat account
Opening a Demat account with Choice is fast and paperless
Instantly register with quick OTP verification
Upload your identity, banking & other details securely
Activate your demat account instantly with Aadhaar-based e-sign
Get expert Intraday and F&O calls to boost your trading potential.
Executive Director & Head of Technical Research
Choice offers various types of demat accounts to suit your needs
Established in 1992, Choice is India's fastest-growing brand in finance, combining innovative fintech solutions with personalised expertise.
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Choice
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Discover how a Demat account simplifies your investment journey.
A Demat short for Dematerialised account is your digital vault to store and manage stocks, bonds, and other securities. It's essential for anyone looking to invest in the Indian stock market
Opening a free Demat account is simple, first, you will need to select a Depository Participant (DP) such as Choice. Always choose one that offers you value through low brokerage and DP fees, next-gen platform, and end-to-end customer support. Next, complete the online account opening process that requires registration, KYC (Know Your Customer) verification, and e-signing the application form. And you're done.
Your account will be activated within 4 hours of complete document submission. You'll receive an email confirmation once the account is active. In some cases, if additional verification is required, it may take up to 24 hours.
Yes, you can open a demat account for free with Choice. You get free Annual Maintenance Charges (AMC) for the 1st year and trade at nominal brokerage charges. However, regulatory charges and taxes as applicable will be levied on your trades.
Absolutely! Following the simple steps above, you can easily open a free demat account online. The entire process is paperless and takes about 10 minutes.
To open a free demat account, you must be:
Yes, you have two options:
Our customer support team can guide you through the process. Depending on your previous broker's policies, please note that charges might be associated with closing your old demat account.
A Demat account holds your securities electronically, similar to a bank account holding your money. A trading account is used to buy and sell securities in the stock market. At Choice, we provide both accounts, seamlessly integrated for a smooth trading experience.
Your Demat account with Choice is highly secure. We use 256-bit encryption for all transactions, and two-factor authentication for logins, and are compliant with all SEBI regulations. Your securities are held with CDSL or NSDL, which are government-approved depositories.
Yes, you can hold multiple demat accounts with different brokers. However, each account will have its own charges and maintenance requirements. With Choice's comprehensive offerings, most investors find that a single account meets all their needs.
Your free demat account remains active even if you don't trade. However, from the second year onwards, Annual Maintenance Charges will apply unless you meet certain trading volume criteria. We recommend reviewing our charges page for the most up-to-date information.
You can transfer shares through the Delivery Instruction Slip (DIS) method or online through CDSL's easiest facility. Our customer support team can guide you through the process step-by-step to ensure a smooth transfer.