Upstox vs Dhan vs Fyers Demat Charges Compared (2026)

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Last updated: May 2026 · Charges and offers verified against official broker pages where noted.

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Overview
Description
Brand/Store
Availability
User Rating
Review
Account opening & AMC
Account Opening Fee
AMC Upto ₹4 Lakh
AMC ₹4 to ₹10 Lakh
Brokerage Charges & Fees
Brokerage Plan
Commodity Futures charges
Commodity Options charges
Currency Futures charges
Currency Options charges
Equity Delivery Charges
Equity Futures charges
Equity Intraday Charges
Equity Options charges
Pledge Charges
Interest on Margin Trading
Margin Re-Pledge
Pledge Creation Charges
Pledge Invocation Charges
Leverage (Margin) Offered
Equity Delivery Margin
Equity Intraday Margin
Unique Offerings
Brokerage Cashback
Flexible Brokerage Plans
Free Brokerage
Free Equity Delivery
Free Intraday Trading
No Brokerage on Loss Trades
STT & CTT Charges
Currency Futures STT & CTT
Currency Options STT & CTT
Equity Delivery STT & CTT
Equity Futures STT & CTT
Equity Intraday STT & CTT
Equity Options STT & CTT
Transaction Charges
Comm. Futures Trxn. Charges
Comm. Options Trxn. Charges
Curr. Futures Trxn. Charges
Curr. Options Trxn. Charges
Equity Del. Trxn. Charges
Equity Futures Trxn. Charges
Equity Intra. Trxn. Charges
Equity Options Trxn. Charges
Stamp Duty charges
Commodity Futures Stamp Duty
Commodity Options Stamp Duty
Currency Futures Stamp Duty
Currency Options Stamp Duty
Equity Delivery Stamp Duty
Equity Futures Stamp Duty
Equity Intraday Stamp Duty
Equity Options Stamp Duty
Other Charges
Account Closure Charges
Call and Trade charges
Dematerialization Charges
DP Charges
GST charges
Reactivation Charges
SEBI Turnover Charges
Auto Square off Charges
KRA, CKYC, ESign Charges

Upstox Review 2026: Demat Charges, AMC & Brokerage
8.7
Upstox demat account review: opening fee ₹0, AMC ₹0 first year; then ₹300 + GST/year for non-BSDA users, and brokerage charges updated May 2026. Informational only—not investment advice.
In stock
Features & Services Provided
9
Brokerage Charges & Fees
8.7
Users Rating
8.5
User Interface
8.8
Customer Support
9.3
₹0
₹0 first year; then ₹300 + GST/year for non-BSDA users
₹100/year (BSDA)
Regular Upstox pay-per-use plan
₹20 per executed order
₹20 per executed order
₹20 per executed order
₹20 per executed order
₹20 per executed order
Lower of ₹20 or 0.05%
Lower of ₹20 or 0.05% per executed order
₹20 per executed order
MTF interest ₹20/day per ₹50,000 borrowed slab
Yes
₹20 + GST per scrip
₹20 + GST per scrip
1x; 100% upfront delivery margin
Up to 5x
No
No
No
No
No
No
Nil
Nil
STT 0.10% on buy and sell
STT 0.05% on sell side
STT 0.025% on sell side
STT 0.15% on sell side premium; 0.15% on exercise intrinsic value
MCX 0.00210%; NCDEX 0.0058%
MCX 0.0418%; NCDEX 0.03%
NSE 0.00035% on turnover
NSE 0.0311% on premium
NSE 0.00307%; BSE 0.00375%
NSE 0.00183% on contract value
NSE 0.00307%; BSE 0.00375%
NSE 0.03553% on premium; BSE 0.0325% on premium
0.002% on buy side
0.003% on buy side premium
0.0001% on buy side
0.0001% on buy side
0.015% or ₹1,500/crore on buy side
0.002% or ₹200/crore on buy side
0.003% or ₹300/crore on buy side
0.003% or ₹300/crore on buy side
₹0
₹75 + GST
₹100 per cert + ₹50 courier
₹20 + GST per scrip/day
18% on brokerage, DP, exchange transaction charges, SEBI charges and other taxable service charges
₹0
₹10/crore or 0.0001% of turnover
₹75 + GST
₹50 + GST account modification

Dhan Review 2026: Demat Charges, AMC & Brokerage
9.6
Dhan demat review (May 2026): account opening ₹0, AMC ₹0 (lifetime, as published), equity delivery brokerage ₹0. This page is informational onlynot investment advice.
In stock
-
Features & Services Provided
9
Brokerage Charges & Fees
9.6
Users Rating
9.8
User Interface
9.5
Customer Support
9
₹0
₹0 (Free for lifetime)
₹0/year
Regular flat-fee online plan
₹20 per executed order
₹20 per executed order
₹20 per executed order
₹20 per executed order
₹0
₹20 per executed order
Lower of ₹20 or 0.03%
₹20 per executed order
12.49% to 16.49% p.a. (Tiered)
Yes
₹15 + GST per ISIN
₹15 + GST per ISIN
1x; 100% upfront delivery margin
Up to 5x
No
No
No
Yes
No
No
Nil
Nil
STT 0.10% on buy and sell
STT 0.05% on sell side
STT 0.025% on sell side
STT 0.15% on sell side premium; 0.15% on exercise intrinsic value
MCX 0.00210%; NCDEX 0.0058%
MCX 0.0418%; NCDEX 0.03%
NSE 0.00035% on turnover
NSE 0.0311% on premium
NSE 0.00307%; BSE 0.00375%
NSE 0.00183% on contract value
NSE 0.00307%; BSE 0.00375%
NSE 0.03553% on premium; BSE 0.0325% on premium
0.002% on buy side
0.003% on buy side premium
0.0001% on buy side
0.0001% on buy side
0.015% or ₹1,500/crore on buy side
0.002% or ₹200/crore on buy side
0.003% or ₹300/crore on buy side
0.003% or ₹300/crore on buy side
₹0
₹50 per order + GST
₹250 per certificate + courier
₹12.50 + GST per ISIN
18% on brokerage, DP, exchange transaction charges, SEBI charges and other taxable service charges
₹0
₹10/crore or 0.0001% of turnover
₹20 per order + GST
₹0

Fyers Review 2026: Demat Charges, AMC & Brokerage
Fyers demat account review: opening fee ₹0, AMC ₹0 (Free for lifetime), and brokerage charges updated May 2026. Informational only—not investment advice.
In stock
-
₹0
₹0 (Free for lifetime)
₹0/year
Regular FYERS online plan
₹20 or 0.03% per order, lower
₹20 per executed order
₹20 or 0.03% per order, lower
₹20 per executed order
Lower of ₹20 or 0.3%
Lower of ₹20 or 0.03%
Lower of ₹20 or 0.03%
₹20 per executed order
12.49% p.a. onwards
Yes
₹5 + GST creation; ₹0 unpledge
₹0 unpledge; ₹5 + GST creation
1x; 100% upfront delivery margin
Up to 5x
No
No
No
No
No
No
Nil
Nil
STT 0.10% on buy and sell
STT 0.05% on sell side
STT 0.025% on sell side
STT 0.15% on sell side premium; 0.15% on exercise intrinsic value
MCX 0.00210%; NCDEX 0.0058%
MCX 0.0418%; NCDEX 0.03%
NSE 0.00035% on turnover
NSE 0.0311% on premium
NSE 0.00307%; BSE 0.00375%
NSE 0.00183% on contract value
NSE 0.00307%; BSE 0.00375%
NSE 0.03553% on premium; BSE 0.0325% on premium
0.002% on buy side
0.003% on buy side premium
0.0001% on buy side
0.0001% on buy side
0.015% or ₹1,500/crore on buy side
0.002% or ₹200/crore on buy side
0.003% or ₹300/crore on buy side
0.003% or ₹300/crore on buy side
₹0
₹50 per order
₹0
₹12.50 + GST per ISIN
18% on brokerage, DP, exchange transaction charges, SEBI charges and other taxable service charges
₹0
₹10/crore or 0.0001% of turnover
₹50 per order
₹0

By Ajay Bohra · About the author

For Annual Maintenance Charges (AMC): Upstox: ₹0 first year; then ₹300 + GST/year for non-BSDA users; Dhan: ₹0 (Free for lifetime); Fyers: ₹0 (Free for lifetime). Informational only; confirm tariffs on each broker's official site before opening an account.

This Upstox vs Dhan vs Fyers guide compares charges and account terms for Upstox, Dhan, and Fyers. Figures in the table below match the live comparison widget above. Confirm current tariffs on each broker’s official website before opening an account. More comparisons: broker comparisons hub.

Charges at a glance

Parameter	Upstox	Dhan	Fyers
Annual Maintenance Charges (AMC)	₹0 first year; then ₹300 + GST/year for non-BSDA users	₹0 (Free for lifetime)	₹0 (Free for lifetime)
Brokerage Plan	Regular Upstox pay-per-use plan	Regular flat-fee online plan	Regular FYERS online plan
Equity Delivery Charges	₹20 per executed order	₹0	Lower of ₹20 or 0.3%
Equity Intraday Charges	Lower of ₹20 or 0.05% per executed order	Lower of ₹20 or 0.03%	Lower of ₹20 or 0.03%
Equity Futures charges	Lower of ₹20 or 0.05%	₹20 per executed order	Lower of ₹20 or 0.03%

Key differences

Annual Maintenance Charges (AMC): Upstox — ₹0 first year; then ₹300 + GST/year for non-BSDA users; Dhan — ₹0 (Free for lifetime); Fyers — ₹0 (Free for lifetime).
Brokerage Plan: Upstox — Regular Upstox pay-per-use plan; Dhan — Regular flat-fee online plan; Fyers — Regular FYERS online plan.
Equity Delivery Charges: Upstox — ₹20 per executed order; Dhan — ₹0; Fyers — Lower of ₹20 or 0.3%.
Equity Intraday Charges: Upstox — Lower of ₹20 or 0.05% per executed order; Dhan — Lower of ₹20 or 0.03%; Fyers — Lower of ₹20 or 0.03%.
Equity Futures charges: Upstox — Lower of ₹20 or 0.05%; Dhan — ₹20 per executed order; Fyers — Lower of ₹20 or 0.03%.

Individual broker reviews

Read our detailed reviews: Upstox demat review, Dhan demat review, Fyers demat review.

FAQs

What is the Upstox demat account opening fee?

₹0. Confirm on Upstox's official site.

What is the Dhan demat account opening fee?

₹0. Confirm on Dhan's official site.

What is the Fyers demat account opening fee?

₹0. Confirm on Fyers's official site.

What is the Upstox demat AMC?

₹0 first year; then ₹300 + GST/year for non-BSDA users. Confirm on Upstox's official site.

What is the Dhan demat AMC?

₹0 (Free for lifetime). Confirm on Dhan's official site.

What is the Fyers demat AMC?

₹0 (Free for lifetime). Confirm on Fyers's official site.

What are Upstox equity delivery brokerage charges?

₹20 per executed order. Confirm on Upstox's official site.

What are Dhan equity delivery brokerage charges?