Why Open A Free Demat Account Online With Us?

Why Choice Broking?

Why us for Opening Free Demat Account


A dedicated research team that provides Technical and Fundamental Research at no extra cost.


An excellent support team that guides you at every step available via phone and emails and branch offices.


We have 48 local offices available across the country at your service.


A trusted name in the broking industry backed by 25+ years of experience in the finance domain.

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Open a Low Brokerage Demat Account

Brokerage is charged on a percentage basis for Intraday, Delivery and Futures while the brokerage for Options is calculated on the basis of a flat fee.

  • Delivery 0.20%
  • Intraday 0.02%
  • Futures 0.02%
  • Options ₹ 25 per Lot
  • Futures 0.02%
  • Options ₹ 20 per Lot
  • Futures 0.02%
  • Options ₹ 50 per Lot

Open a PaperlessPaperless Demat Account For Free

Demat Account Opening Process

Step One Step One Step One
Register Online

Fill in the required details and upload the relevant documents along with a passport size photograph.

Step Two Step Two Step Two
In-Person Verification

Complete the In-person verification (IPV).

Step Three Step Three Step Three
Registration Complete

Your Demat Account opening is successful with Choice Broking.

Step Four
Courier POA

Courier us the signed copy of the Power of Attorney (POA) sent on your registered Email ID.

Demat Account Opening FAQ's

Your account will be activated within 4 hours of document submission. If there is any gap in the documentation, the Choice Broking support team will reach out to you. Once your account is activated you will receive an email from Choice Broking informing you about the same.
The following documents will be required to open an account for a resident individual with Choice Broking:
  • PAN Card
  • Cancelled Cheque (that captures the MICR Code)
  • Passport Size Photograph
  • Aadhaar Card
  • Income Proof
The Power of Attorney is a document that gives us the authorization to debit your shares from your Demat Account whenever you sell them. However, till the time you do not submit a POA, you can avail the eDIS facility to sell your holdings. This will require you to authorise your holdings once daily before doing any holding’s sell transactions. It is recommended to send a signed copy of your POA since it enables you to sell your holdings seamlessly without the need to authorise online all the time.
A copy of the POA gets emailed to you on your registered email ID, which needs to be physically signed and couriered to us. You can send us the signed POA to our head-office address mentioned on our website - https://choiceindia.com/
You can courier the signed copy of the POA to our Head Office address mentioned below.
Choice House, Shakambhari Corporate Park,
Chakravati Ashok Co-op Hsg. Soc.
CTS No: 156, 157, 158
J.B. Nagar, Andheri (E)
Mumbai – 400099
You can open a low brokerage Demat Account with Choice Broking at zero account opening charges
NSE/BSE mandates a Demat with your Trading Account for securities. Currency and Commodities do not require a Demat Account, so if your trading requirements are restricted to that; a Trading Account can be opted for. This will have to be specified in the documentation process with the broker. For more information regarding the same, you can contact our customer care team at [email protected]
You will be required to provide us with the CML (Client Master List) Copy of your earlier DP and open a new Demat Account with us.
Yes, you can link multiple Demat Accounts to your Trading Account, even with different DP’s, but they should all be in your name. However, an important thing to note is that from all the linked Demat Accounts you can give shares for Pay In/Pledge, etc; but the payout from the Trading Account will only get credited to the primary Demat Account.
You will be required to provide the Off Market Delivery Instruction Slip (DIS) to your previous DP, mentioning the target DP ID of the Demat Account you are holding in Choice Equity Broking Private Limited.
Demat account is mandatory if you are going to trade / invest in equities. Demat accounts hold your shares in electronic form. If you are going to simply trade in futures and options then Demat is not required.
There are 2 options, either you open a new Demat account with Choice and transfer all shares from the old Demat, or merge the old Demat into the new one.

You can opt for manual or online transfer of shares.

Manual Transfer
  • 1. Ascertain which DP (Depository Participant) is holding the shares, there are 2 depositories in India, National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL)
  • 2. If your new Demat is with the same DP then it will be an inter-depository transfer, and if it’s different; it will be an intra-depository transfer
  • 3. Next, fill the Delivery Instruction slip (DIS) provided by the DP of your old account. In the ‘Mode of Transfer’ field, please select whether the transfer is inter-depository or intra-depository. This is crucial
  • 4. Fill all required details like names of shares, quantity and their ISIN numbers
  • 5. Enter the 16-character ID of the new account
  • 6. Submit the signed DIS to old broker and take acknowledgement slip
  • 7. Shares will be transferred to new account in 3-5 working days

Online Transfer
  • This option is much simpler, just visit the CDSL website and register with all required details
  • You will be required to fill a form and use the ‘Print Form’ option; this notifies CDSL to start the verification process
  • After verification is completed, Login details to your account will be sent on your email id
  • Login to your account from CDSL website and start transferring shares to the new account
Absolutely, you can keep money in the Demat/Trading account. It is, however, advisable to hold only the amount that will be required for trading/investing.
It’s absolutely safe to open a Demat account online but choosing the right broker is essential for this.
There is no limit as such for depositing or withdrawing money, however, it will need multiple transactions. For MPS/NEFT/RTGS/ the maximum amount allowed in a single transaction is decided by the bank. UPI transfers have a limit of 1 lakh per transaction.
In the case of most brokers, there is no withdrawal limit but do check once with your broker.
Yes, you can use the same account for trading/investing in any asset class.
It’s free. There is no Demat A/c opening fee charged by Choice.
As far as age is concerned, there is no minimum age criterion i.e., under 18 can also have Demat & Trading accounts opened. The parents or guardians will be in-charge of the account until the minor comes of age.
Below are the common requirements,
  • Must be Indian Citizen residing in India
  • Must be 18 years of age
  • Have valid Pan Card
  • Valid Address Proof (Aadhar, Voter ID, Passport, Driving License, utility bills (not more than 3 months old))

You will be required to provide recent photos along with proof of Identity, Address and Income (ITR) to open a Demat account in India.

If the documents are in order, the Demat account will be activated in 24 – 48 working hours.
In this option for Demat account opening, there is no physical submission of any document involved. All documents are submitted online and take only 10 minutes to complete!

What is Demat Account?

Demat or Dematerialized Accounts are the modern and electronic variants of theearlier paper-based accounts. Dematerialization or the process of converting physical shares into electronic form is shortened to ‘Demat’ accounts. ...

Demat account serve the all-important purpose of storing your investment products in electronic form and allowing you to trade or invest on-the-go.
Think of Demat Accounts as the regular savings account of a bank, except Demat is for stock market investments. You need to have a Demat to be able to participate in the capital markets, besides it provides hassle-free trading, with zero paperwork involved.

Demat Account have to opened via the 2 depositories, CDSL and NSDL. These depositories come under the supervision of Market regulator, SEBI.


Central Depositories Services India Ltd, commonly known as CDSL, is a government registered share depository. Depositories hold shares in electronic form, just like banks convert your physical cash into electronic form.

CDSL is the depository for BSE (Bombay Stock Exchange).


National Securities Depository Ltd, commonly known as NSDL, is a government registered share depository.

NSDL is the depository for NSE (National Stock Exchange).

Both depositories facilitate inter-exchange transactions and vice-versa.

What Are Demat Account Opening Charges, Fees?

Demat Account Opening Charges

Most brokers offer Demat account for free i.e., no account opening charges. This,however, depends on the broker. Typically though, if the broker chooses to charge investors for opening a Demat Account with them, it could be anything under Rs.1000, a one-time account opening fee.

Annual Maintenance Charges

AMCs or Annual Maintenance Charge is something that most brokers take. There is some effort involved in keeping your Demat Account alive, so the broker takes certain fees from you, also this will be under 1000 rupees depending on the broker.

What are the Types of Demat Account Can Be Opened with Choice?

Regular Demat Accounts

This is the most common type and is available for majority of the Indian citizens residing in India.

Repatriable Demat Account

Non-resident Indians or NRIs can apply for this account. It needs to be linked to an NRE (Non-Resident External) bank account.

Non-repatriable Demat Account

This is another type that is available for NRIs. It must be linked to an NRO (Non-Resident Ordinary) account, and does not allow you to send money overseas.

Uses of Demat Account

There are plenty of uses for a Demat account, some of them are,

  • Easy access of your investments, anytime and anywhere
  • Saves time and super convenient
  • You can hold mutual funds, equity shares, bonds and exchange-traded funds with a Demat account
  • Reduces costs since additional costs like stamp duty, handling charges etcare not involved

Benefits of Opening Demat Account

Ease of Access

Demat Account give convenient and easy access to your investment and the reports you’d like, anytime and anywhere.

Electronic form

All your securities are stores in electronic form, so completely hassle-free and saves time. All those risks associated with handling paper like forgery, loss of physical shares etc. are negated.

Stock Dividends

With Demat accounts, it is easy for companies to transfer Dividends, Bonuses, stock splits, interest etc. to their shareholders and it is easy for you to receive them as well.

Share Transfers

Physical transfer of shares used to take a long time before, now it is easy to transfer shares and no stamp duty applicable as well.

Highly Liquid

Since trading with Demat is so fluid, getting profits on shares is also instant. Getting your hands on that profit is also quick, so highly liquid.Loan against shares: This is another big advantage; you can mortgage the shares you own to get loan for it.

Is it necessary to open a Demat Account?

If you would like a smooth, hassle-free trading / investment experience, then it isbetter to open a Demat account. It’s not, however, mandatory if you’re just goingto trade during market hours, and never take delivery.

Just for trading you can open a Trading Account, but remember you can never take delivery of any shares. This can be problematic if you’re expecting the market to rebound or go up the next day. It is advisable to directly go for a Demat Account which will automatically open the trading account to complete the circle.

How to Choose the Best Demat Account Online?

Use the below checklist to select the Best Demat Account Online,

Ease of Opening an account:

Should open in 10 minutes and paperless!

Software and user-interface:

The broker should provide a well-thought and easy to use App and web platform to access Demat and facilitate hassle-free trading.


Trading and brokerage cost should be reasonable, but see what the broker is offering as well. Just saving brokerage should not be the aim, since you will need the research and customer service provided by the broker.

Square-off timings:

Know the square-off timings of the broker beforehand

Full-service brokers provide complete fundamental and technical research for investments, intra-day calls, customer-service and dealer-desk, portfolio and wealth management services, so select your broker wisely.

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