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To open a demat and trading account, you can choose full-service broker or discount broker. To open a 3-in-1 account, banks are the best place to go. ICICI Bank, HDFC Bank, Axis Bank, Kotak Bank, SBI Bank is the key players to provide 3-in-1 account service which includes Bank Account, Demat Account and Trading Account.
You can open only Bank account and Demat account with any bank. It's not mandatory to open trading account.
Advantages of opening a demat account with bank:
Disadvantages of opening a demat account with Bank:
These five banks are the best as per the ratings and reviews. The below given banks have a very strong online platform in terms of net banking and trading account. They have the best platform and services to offer.
Best Banks for Demat Account | Bank Name | Broker Name | Account Type | Investment/Trade Options | Rating |
---|---|---|---|---|---|
ICICI Bank | ICICI Direct | Bank, Trading & Demat | Equity Cash, Derivatives, Currency, Mutual Funds, ETF, Bonds, Gov Securities |
4.5/5 | |
HDFC Bank | HDFC Securities | Bank, Trading & Demat | Equity Cash, Derivatives, Currency, Mutual Funds, ETF, Bonds, Gov Securities |
4.5/5 | |
Axis Bank | Axis Direct | Bank, Trading & Demat | Equity Cash, Derivatives, Currency, Commodities, Mutual Funds, ETF, Bonds, Gov Securities |
4.0/5 | |
Kotak Bank | Kotak Securities | Bank, Trading & Demat | Equity Cash, Derivatives, Currency, Mutual Funds, ETF, Bonds, Gov Securities |
4.0/5 | |
SBI Bank | SBICAP Securities | Bank, Trading & Demat | Equity Cash, Derivatives, Currency, Mutual Funds, ETF, Bonds, Gov Securities |
4.0/5 |
In compare with above list of top 5 banks for demat account, we rate ICICI Bank as Best Bank for demat Account. ICICI Bank is India's number one private sector bank. The bank have great network with branches. The bank provides 3-in-1 service with its subsidiary ICICI direct. ICICI Direct is well integrated with ICICI bank's online platform, so for your trading needs you will have quick access of your bank account. Fund Transfer is just virtually transfer of fund b/w 2 entities of bank, so it's well integrated. You can apply in IPO from bank portal or ICICI Direct platform. Buying and selling Mutual Funds are also possible from any platform.
As ICICI Direct is part of ICIC Bank, so on security and application performance, you will not see any issue. Online reports, customer care support and quality research are also some key points with ICICI Direct.
This FAQ covers "Best Bank for Demat Account", "Bank Demat account", "Best Bank to Open Demat Account".
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