Things you should look for while going in for a demat account:
1. Annual Fee: Nearly all the demat account provider charge some fixed yearly fees.
4. Online trading account: Check if the company provides an online trading facility. Most sites work well with Internet Explorer that is shipped with any version of Microsoft Windows. Most of them doesn't work with other browsers like Mozilla Firefox, Apple's Safari.
5. Research content: Almost all the big player give daily recommendations of buy or sell to its members.
Site: http://www.kotaksecurities.com/
Probably one of the oldest player in the field. Their main strength lies in the research content that they provide to their users. Account opening charges are about Rs. 750 you also get a zero balance kotak mahindra bank account with it. Brokerage for a low volume trader at 0.59 % is quite high as compared to most of its peers. There is also a deliver charge of Rs 23 for every delivery based selling. Brokerage for intraday transaction is 0.06%. The trading interface is quite powerful but is geekish. You need to know a lot of terms of trading to effectively do online trading. Exact brokerage can be found at http://www.kotaksecurities.com/accountsection/kotakgateway_id4.html#id4
Name: IDBI Paisa builder
site: http://www.idbipaisabuilder.in/
Account opening charges are Rs, 700. Can work with only three banks, IDBI, AXIS or HDFC. Commission is comparable to others.
Name: HDFC Securities
site: http://www.hdfcsec.com/
Account opening charges are Rs 2250. Commission is 0.75% for both buying and selling with a minimum of Rs 100. More information about the account opening process can be found at http://www.hdfcsec.com/Common/NRICustomerAccount.aspx#Charges
Name: Geojit
site: http://www.geojit.com/
Rs 500 is account opening charges. Brokerages are about 0.3% for delivery based trade and 0.03% for margin trading. But their main site did not seem to work properly in Firefox.
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