Now that you have decided to start trading in stock, it is important to choose the right broker which fulfills your requirements. The brokerage you pay can make a big difference in the return you make in the long run and most of the time, it is difficult to change a brokers once you have start trading with them. So do proper research before making your decision. Most of the information is available on the website and before finalizing contact the broker and confirm there brokerage structure because some of the details can change.
Below you will find the latest account opening charges and Brokerage Charges for all the major brokers in India. I have broken the table in two parts, the first one for discount brokers and the other for Full service brokers.
Major Discount Brokers in India
| Review by Broker | Broker Name | Account Opening Charges | Brokerage | Open Account |
|---|---|---|---|---|
 | Zerodha | Rs 200 for trading account | Zero BROKERAGE Rs 20 per trade for F&O Buy Mutual fund Online |  Exclusive Offer |
 | RKSV Security(Upstox) | Free | Rs 20 per trade | Exclusive Offer |
 | Fyers | Free | ,1% and .01%(max Rs 100) | |
 | Trade Smart Online | Rs 400 | Pay maximum of Rs 15 per trade. | |
Major Full Service Brokers in India
| Review by Broker | Broker Name | Account Opening | Yearly Maintainence | Brokerage | Intraday |
|---|---|---|---|---|---|
 | Angel Broking | Zero | Free for first year | .22% and .02% | Exclusive Offer |
 | Bonanza | Zero* | Rs 250 | .10% and .01% | |
 | ICICI Direct | Zero* | Rs. 600 | .55% and .05% | |
 | AXIS Direct Brokerage | Rs 999 | Rs 500 | .5% | .05% |
 | Canmoney | Rs 200 | Rs 200 | .35% | .05% |
 | Edelweiss | Rs 750 | Rs. 500 | Higher of 25 or .35% | Higher of 25 or .03% |
 | Geojit BNP Paribas | Nil | Rs 400 | .30% | .03% |
 | HDFC Security | Rs 999 | Rs. 450 | Higher of 25 or .5% | Higher of 25 or .05% |
 | IDBI Paisa Builder | Rs 700 | Rs 350 | .65% | .10% |
 | Indiabulls | Rs 750 | Rs 450 | .40% | .04% |
 | Motilal Oswal | Zero | Rs 450 | .5% | .05% |
 | IIFL | Rs 750 | Rs 450 | .50% | .05% |
 | Kotak Securities | Rs 750 | Rs 600 | .30% | .05% |
 | Reliance Money | Rs 400 | Rs 300 | .40% | .04% |
 | Religare | Nil | Rs 500 | .3% | .03% |
 | SBI | Rs 850 | Rs 350 | .5% | .075% |
 | Sharekhan | Rs 500 | Rs 400 | .5% | .075% |
 | SMC India | Rs 1000 | Rs 300 | .30% | .03% |
 | Ventura | Rs 700 | Rs 400 | .30% | .03% |
In case you are interested in investing in commodity markets, read Commodity trading in India and best commodity brokers in India.
In case you are new to investing and not sure of how it works, read How to invest in share market in India.
To read in more details about any of these brokers, read there review.
The points on which I have tried to compare these brokers are
Some of the most read articles on this website is top 10 stock brokers in India, best trading platform in India, Best Demat account in India, and lowest brokerage charges.
If you are a NRI, read our detailed article on NRI Demat Account for trading.
Want to open account with the Best Full service broker
I want to open demat account but i m very confused please guide me Tell me difference between trading account n demat account
In simple terms, Demat is nothing but a e-safe where your shares in electronic format is kept but trading account is for trading in stocks. So if you are planning to purchase share and keep in account, you need Demat and Trading account both but if you are a trader (trading in F&O), then you don’t need a Demat account.
But I would suggest that you open both Demat and Trading account so you can take part in IPO also.