If you’re stepping into the world of stock trading or long-term investing, keeping your costs low can help you build wealth faster. One of the smartest ways to cut expenses is by choosing a Demat account without annual charges. This means you won’t pay a yearly maintenance fee, making it easier to grow your portfolio without hidden costs eating into your profits.

In this blog, we’ll explore the best zero-annual-charge Demat accounts in India, their features, and why they’re perfect for beginners and seasoned traders alike. Plus, I’ve included referral links so you can sign up directly and start your investment journey right away!

Why Choose a Demat Account Without Annual Charges?

A Demat account (Dematerialized account) stores your shares electronically. While many brokers offer attractive trading features, they often charge an Annual Maintenance Charge (AMC), which can range from ₹300 to ₹1000 per year. Avoiding this fee helps you:

  • Save more money, especially for small investors.
  • Test the markets without worrying about fixed costs.
  • Maximize profits from long-term holdings.

Let’s dive into the best options!

Demat account without annual charges
Demat account without annual charges

1. Upstox: Feature-Rich & Zero AMC

Upstox is a popular trading platform with a sleek app, advanced charting tools, and zero annual maintenance charges. It’s perfect for beginners and active traders.

  • Annual Charges: ₹0
  • Delivery: ₹0
  • Intraday & F&O: ₹20 per order

Open your Upstox account here: Upstox Referral Link

2. AliceBlue: Affordable & User-Friendly

AliceBlue offers zero AMC for the first year, making it an attractive option for new traders. Their brokerage fees are also among the lowest in the industry.

  • Annual Charges: ₹0 (First year)
  • Delivery: ₹0
  • Intraday & F&O: ₹15 per order

Sign up with AliceBlue: AliceBlue Referral Link

3. Bajaj Freedom Demat: Cost-Effective Trading

Bajaj Freedom Demat is designed for investors looking for a low-cost experience. You won’t pay AMC, and their brokerage fees are ultra-competitive.

  • Annual Charges: ₹0
  • Delivery: ₹0
  • Intraday: ₹10 per order

Get your Bajaj Freedom Demat account: Bajaj Freedom Referral Link

4. Bajaj Freedom Plus Demat: Extra Perks, No AMC

Bajaj Freedom Plus adds more benefits without adding costs. You get zero AMC, low brokerage, and a powerful trading platform.

  • Annual Charges: ₹0
  • Delivery: ₹0
  • Intraday: ₹5 per order

Open Bajaj Freedom Plus account: Bajaj Freedom Plus Referral Link

5. Bajaj Variable Brokerage: Flexible Pricing

If you want flexible brokerage options and no AMC, Bajaj Variable Brokerage is a great fit. You can choose a pricing structure that suits your trading style.

  • Annual Charges: ₹0
  • Brokerage: Customizable

Start trading with Bajaj Variable Brokerage: Referral Link

6. Rupeezy: Simple & Affordable

Rupeezy is perfect for casual traders and investors who want a zero-AMC account with straightforward pricing.

  • Annual Charges: ₹0
  • Delivery: ₹0
  • Intraday: ₹10 per order

Sign up for Rupeezy: Rupeezy Referral Link

7. Wealthy: Zero AMC for Long-Term Investors

Wealthy is an excellent option for long-term investors, with zero AMC and a user-friendly app that makes trading a breeze.

  • Annual Charges: ₹0
  • Delivery: ₹0
  • Intraday: ₹20 per order

Start investing with Wealthy: Wealthy Referral Link

8. Choice FinX: No AMC, Full Features

Choice FinX provides a full-featured trading experience with no annual charges, making it ideal for both beginners and experienced investors.

  • Annual Charges: ₹0
  • Delivery: ₹0
  • Intraday: ₹15 per order

Open your Choice FinX account: Choice FinX Referral Link

9. mStock: Subscription-Based Zero Brokerage

mStock offers zero AMC and even zero brokerage with a subscription plan, making it an unbeatable choice for heavy traders.

  • Annual Charges: ₹0
  • Brokerage: ₹0 (with subscription)

Open your mStock account: mStock Referral Link

Final Thoughts: Invest Without Hidden Costs

Opening a Demat account without annual charges is a smart financial decision, especially if you want to keep costs low while exploring the stock market. Whether you’re a beginner or an experienced trader, the platforms listed above offer powerful features, low brokerage fees, and the freedom to invest without worrying about maintenance charges.

Use the referral links to create your account and start your investing journey today. Saving on AMC is just the beginning — with the right strategy, you can grow your wealth faster and smarter.

Happy investing! 🚀