Open a free Demat and trading account online and start investing with an award-winning equity stockbroker Samco.

To open a free demat with Samco all you need to do is fill up the account opening application form here.

Open a demat account with Samco today and get unlimited 100% brokerage cashback for the 1st month.

Key features of opening a Demat account with Samco

  • Free online trading account linked to Demat account
  • Low cost zero % brokerage with trading at flat Rs.20 per order
  • Instant updates for all stock holdings with StockNote
  • Margin pledging for trading limits
  • Investing in mutual funds in demat form
  • Intraday leverage – 33x for equity & equity derivatives, 100x for currency derivatives
  • Equity delivery leverage – 4x equity delivery leverage
  • Free annual maintenance charge for 1st year
  • Trading and investing ideas with StockNote – India's best mobile trading app
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Benefits of Samco Demat account

Benefits of Samco Demat Account

Read important articles on

How to Open Demat Account
How to Open a Demat Account?
Best Demat Account
Why is Samco India’s Best Demat Account?
Advantages of a demat Account
Advantages of a Demat Account
Demat Account Charges
Demat Account Charges

FAQs on opening a Demat account

Q
What are the charges to open a Demat account?
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A
Opening a Demat and trading account with SAMCO is completely free. Other service providers charge between Rs. 100 – Rs. 400 for account opening.
Q
What is the procedure to open a Demat account?
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A
You can open an online demat account by completing your KYC online or you can also submit a physical account opening form. Check out the detailed step by step procedure on how to open a demat account.
Q
What are the types of Demat account?
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There are 2 main types of Demat account – A Regular Demat account and a Basic Services Demat account. Regular Demat account is a Demat account with no restrictions on operations whereas a basic services Demat account is a no frills Demat account with limited services. Check out the difference between Regular Demat account and a BSDA Account.
Q
What are the documents required to open a Demat account?
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Basic KYC documents like PAN Card, Proof of identity, address, bank details, etc are required to open a Demat account. Check out comprehensive list of documents required to open a Demat account for each type of account holder – Individual, HUF, Partnership Firms, etc.
Q
How long does it take to open a Demat account?
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A
Once your KYC is completed and approved, your Demat account shall be opened in less than 24-48 hours.
Q
What are the other costs or fees of a Demat Account?
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There are no charges for opening a SAMCO Demat account. Charges shall be applicable for various different transaction types like off market transfers, pledge, unpledged, dematerialisation. Check out the detailed charges of a Demat account.
Q
How will I know that my Demat account is opened?
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Once your Demat account is processed, you shall be allotted a unique BOID i.e. a Beneficial Owner ID. You shall receive a welcome email with your account credentials and information on how to access your Demat account. Since SAMCO is a Depository participant with CDSL, the BOID is a 16 digit number starting with 12054200 followed by 8 digits of your unique BOID.
Q
What should I do once my Demat account is opened?
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A
Once your Demat account is opened, you can do a variety of things to get started
  • Buy Stocks
  • Transfer stocks and consolidate your holdings
  • Buy Mutual Funds
  • Dematerialise your old physical share certificates
Q
How many Demat accounts can I open?
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You can open up to 20 Demat accounts with the same depository participant and you open as many Demat accounts with multiple depository participants as well.
Q
What is the difference between joint and single Demat account?
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A joint Demat account means that the account is held by jointly by 2 or more members. The most popular combination is that of a husband and wife holding an account jointly. A joint account can have 2 modes of operation – either single or jointly, the difference being that if the mode of operation for a joint account is single, any one of the holders can operate the account but if the mode of operation is joint, all the account holders will need to authorise all transactions to operate the account. Check out our detailed note on how to use a Demat account.
Q
Which entities can open a Demat account?
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All legal entities can open a Demat account – Individuals, HUFs, Partnership Firms, Companies, Trusts and other.
Q
Can I open only a Demat account? Or do I need to open a trading and Demat account?
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You can open ONLY a Demat account however due to the linkage between a Demat and trading account it is recommended to open a 2-in-1 trading and Demat account.
Q
Can a minor open a Demat account?
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Yes a minor can open a Demat account but the account shall be operated by a guardian.
Q
Is it mandatory to give a Power of Attorney (PoA)?
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No, it is not mandatory to issue a limited purpose power of attorney (POA) for your Demat account. However, considering the ease of operations, it is advisable to issue a power of attorney. Also, investors can subscribe to products like CashPlus (margin trading), StockPlus (margin against shares) only once a Power of attorney is submitted.

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What do our clients say!

“Easy to access and live updates are very helpful”

Patel Roshankumar B

“Good feature. Easy investment option. Nice interface.”

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Yogesh Hanardhan Samleti

Cost for trading & investing in Samco

Brokerage & other charges What Others charge Online share trading in India
Buy Price 500 500
Sell Price 510 510
Quantity purchased 1000 1000
Profit Earned 10000 10000
Brokerage Paid 5050 40
GST 914.91 13.11
Total GST + Charges 7110.75 1198.95
Net Profit 2889.25 8801.05
Brokerage Saved NIL 5010