In recent years, online trading has become increasingly popular among investors and traders in India. One of the factors driving this trend is the availability of zero brokerage account. Zero brokerageDemataccount isan attractive option for many investors because they allow traders to trade without having to pay any commission to the broker. In this blog, we will discuss whatis zero brokerage account and how to apply for them in India.

What is a Zero Brokerage Demat Account?

A zero-brokerage Demat account is a type of Demat account in which the brokerage charged on each transaction is zero. In traditional brokerage accounts, investors are charged a commission or brokerage fee on each transaction made through the account. These fees can add up over time and eat into the investor’s profits. Zero brokerage Demat account on the other hand, do not charge any commission or brokerage fees, allowing investors to save money on their trades.

Different ways to apply for Zero Brokerage Demat Account:

There are several ways to apply for a zero-brokerageDemat account in India. Some of the most common ways include:

Online: Many online trading platforms like mStock by Mirae Assets Capital Markets offer zero brokerageDemat account. Investors can visit the website of the trading platform and follow the steps to apply for a zero-brokerage Demat account.

Mobile App: Several trading apps also offer zero brokerageDemat account. Investors can download the trading app and follow the steps to apply for a zero-brokerageDemat account.

Traditional Brokers: Some traditional brokers also offer zero brokerage Demataccounts. Investors can visit the broker’s office or contact them over the phone to apply for a zero-brokerageDemat account.

Steps to apply for a Zero Brokerage Demat Account:

The process to apply for a zero-brokerage Demat account may vary depending on the trading platform or broker. However, the general steps to apply for a zero-brokerage Demat account on most of the online trading platforms are as follows:

Step 1: Research and choose a trading platform or broker that offers a zero-brokerage account.

Step 2: Visit the website of the trading platform or broker and click on the ‘Open an Account’button.

Step 3: Provide your mobile number and complete the online KYC form.

Step 4: Verify your personal information, including address proof, identity proof, PAN number, and date of birth.

Step 5: Choose a suitable payment option for your trading account and make the payment securely online.

Step 6: Add your bank account details and finalize your profile.

Step 7: Electronically sign the Demat account opening form.

 Step 8: After successful verification, your Demat account will be activated within 24 hours, and your login credentials will be sent to your registered email address.

This process ensures a hassle-free experience while adhering to the necessary compliance requirements.

Conclusion:

Zero brokerage accountis a great option for investors who want to save money on their trades. mStockby Mirae Asset is one such company that offers zero brokerage for life at a one-time fee of ₹999. Investors can apply for a mStockzero brokerage accounts online, through mobile trading apps, or by their web platform.With mStock’s demat account investors can save money on their trades across products such as delivery, F&O, intraday & currency by opting for the zero-brokerage account. By following the steps outlined in this blog, investors can easily apply for a zero-brokerageDemat account and start trading. It is always recommended to use a brokerage calculator to understand the exact brokerage charge on the traded volume, including taxes and other charges, before investing in the stock market.