Introduction

Choosing a Demat account with the lowest brokerage is one of the most important steps for beginners in the stock market. High charges can reduce your overall returns, especially if you invest with small capital.

In this guide, we compare the lowest brokerage Demat accounts in India for 2026 based on:

• Account opening charges
• AMC (Annual Maintenance Charges)
• Intraday & delivery brokerage
• Best platform for beginners

👉 If you want a complete comparison, read our guide on
best demat account for beginners in India

🏆 What is Brokerage in a Demat Account?

Brokerage is the fee you pay to buy or sell shares.

There are two common types:

• Equity delivery → For long-term investing
• Intraday trading → For same-day buying & selling

For beginners, choosing a broker with zero delivery brokerage is the best option.

📊 Lowest Brokerage Demat Accounts in India (2026)

🥇 1. Groww – Lowest Cost for Absolute Beginners

Why Groww is best:

• Zero AMC
• Zero delivery brokerage
• Simple mobile app
• Direct mutual fund investing

Best for:

✔ First-time investors
✔ SIP investors
✔ Students

🥈 2. Zerodha – Best Low Brokerage for Long-Term Investors

Zerodha offers:

• Zero delivery brokerage
• Flat ₹20 per trade
• Powerful Kite platform
• Detailed reports & analytics

Best for:

✔ Serious beginners
✔ Future traders
✔ Long-term investors

🥉 3. Upstox – Low Brokerage with Advanced Features

Upstox provides:

• Flat brokerage
• Fast order execution
• Advanced charting tools

Best for:

✔ Intraday beginners
✔ Traders

🏅 4. Angel One – Low Cost with Research Support

Angel One is ideal if you want:

• Brokerage + advisory
• Smart investment recommendations
• Beginner-friendly tools

🎯 Which Demat Account is the Cheapest for Beginners?

For zero maintenance cost:

🏆 Groww is the cheapest Demat account in India.

For long-term investing with powerful tools:

🏆 Zerodha is the better option.

👨‍🎓 Best Low Brokerage Demat Account Based on User Type

For Students & First-Time Investors:

👉 Groww

For Long-Term Investors:

👉 Zerodha

For Intraday Beginners:

👉 Upstox

🔐 Are Low Brokerage Demat Accounts Safe?

Yes — all major brokers like:

• Zerodha
• Groww
• Upstox
• Angel One

are SEBI-registered and completely safe.

🏁 Conclusion

Selecting the lowest brokerage Demat account in India helps beginners maximize returns and reduce unnecessary costs.

If you are just starting:

👉 Choose Groww for simplicity
👉 Choose Zerodha for long-term investing power

❓ FAQs – Lowest Brokerage Demat Account

Which Demat account has the lowest brokerage in India?

Groww currently offers zero AMC and zero delivery brokerage, making it the lowest-cost option for beginners.

Is Zerodha cheaper than Groww?

Zerodha has AMC charges, but it provides advanced tools for long-term investors.

Can I open a Demat account for free?

Yes, most brokers offer free account opening.

Which Demat account is best for small investors?

Groww is best for small investors because of zero maintenance cost.

ALSO READ: Best Demat Account for Beginners in India (2026 Comparison), Zerodha vs Groww for Beginners – Which Demat Account is Better in 2026?, What is SIP? Complete Beginner Guide to Start with ₹500