You will need a Demat account to start investing in the share market. Opening a Demat account with Espresso by Sharekhan can be an excellent option for new traders.

The Espresso account opening process is simple and takes very little time. As a leading discount broker, the company has more than one lakh happy customers.

Please keep reading to find out all the details of this company, including its services, features, and charges, in this in-depth Espresso Demat account review.

Broker Type Discount Broker
Active Demat Accounts 1.03 Lakhs+
Account Opening Charges Rs.350
AMC Rs.400 per Year
Free Account Opening No
Free AMC No

Espresso Demat Account Review by

Overall Rating

7.85 / 10

Account Opening Process

7.82 / 10


7.94 / 10


7.88 / 10

Products & Service

7.80 / 10


7.79 / 10

Espresso Demat Account – Top Features

Opening an Espresso Demat account will give you a firm footing in the share market of India. Here are why tens of thousands decided to open an Espresso account.

  • The most beneficial feature of the company is its reliability. Over one lakh people trust this broker and invest in it.
  • The company AMC is Rs. 400, and the delivery charges are free.
  • The account opening charges are only Rs. 350, a small sum compared to its competitors.
  • Expresso has an Android App, iOS App, and Web Trading Platform that allow you to access your Demat account to trade from your phone anywhere, anytime.
  • With this brand, you can complete the account opening process online in less than 20 minutes.

Espresso Demat Account Opening Charges

Account Opening Charges


Annual Maintenance Charges (AMC)

Rs.400 per Year

DP Charges

Rs.13.5 per Scrip on Sell

Account Closure Charges


Reactivation Charges


Dematerialisation Charges

Rs.20 per Certificate

Call & Trade Charges

Rs.50 per Trade

Espresso Demat account charges are only Rs. 350, which is very reasonable and one of the most user-friendly in the market.

The Espresso AMC is only Rs. 400 yearly, an amount that is affordable for everyone. Some other charges that customers need to pay are transaction charges, postal charges, etc.

The depository participant (DP) charges are INR 13.5 with GST per scrip, notwithstanding the quantity.

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Espresso Demat Account Offers

Free Account Opening


Free AMC


Free Brokerage

Yes, Limited

Free Research Reports


Free Trading calls


Referral Offers

Rs.300 per Client

Espresso Demat Account Opening Process

Espresso Demat account opening is easy, and the company offers help if a customer needs it. There are two ways you can do it- online and offline.

The online process takes very little time and can be done through the Espresso app or web platform. You need to visit a DP for the offline process, and they will help you with the entire process.

For both processes, you must submit personal details such as Aadhar number, PAN, ID proof, bank details, etc.

In the sections below, we have explained the online and offline account opening processes.

How to Open a Demat Account in Espresso? – Online Process

How do you open a Demat account in Espresso online? Don’t worry; follow these steps to open a Demat account here.

  1. You will find the “Open Demat account” tab below. Click on it, and a form will open.
  2. Register your valid mobile number, and the company executive will call you to help you with further procedures.
  3. You need to provide address proof, income proof, a signature scan, and a recent photo.
  4. Provide your Aadhar number and other personal details, including email address.
  5. When the document is verified, the company will contact you to finalize the process.

How to Open an Espresso Demat Account? – Offline Process

Now that you know the online account opening process, you may ask how to open an Espresso Demat account offline.

The offline account opening process is equally easy, and you only need to find a branch to submit forms & documents or you have to courier them.

  1. Fill up the details below, you will get a call from the executive.
  2. You will be given a KYC form to complete without making mistakes.
  3. Submit the KYC with the necessary documents, and the DP will finish the account opening process.
  4. The DP will give you the Beneficiary Owner Identity (BOID) document that you can use for transactions and account access.

Eligibility Criteria to Open Espresso Account




18+ Years

Active Bank Account


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Documents required to Open Espresso Account

PAN Card Copy


Identity Proof Copy

Any One (PAN Card, Aadhaar Card, Voter ID Card, Driving License, Passport)

Address Proof Copy

Any One (Aadhaar Card, Voter ID Card, Driving License, Passport)

Bank Account Proof Copy

Any One (Cancelled Cheque, 3 Months Bank Statement, Bank Passbook)

Copy of Income Proof for F&O

Any One (IT Return Certificate, Net Worth Certificate, Salary Slip, 6 Month Bank Statement)

Passport Size Photo


Signature on White Paper


IPV (In-person Verification)


To open an Espresso account, you must provide personal details to the company. The documents you need are the same whether you open the account online or offline.

  • Submit your PAN number and Aadhar card number for the process.
  • Provide identity proof and address proof.
  • Offer your photo, signature, income, and bank account details.

Your account will be open after these documents are verified.

How to Close an Espresso Demat Account?

Refrain from bothering too much about how to close the Espresso Demat account because it can be done quickly. You fully close the Demat account only when there are no holdings.

Before you complete it permanently, you must pay DP all outstanding charges. Follow these simple steps to close your Espresso Demat account:

  • Log in with your Demat account ID and begin the account closing process by downloading the “Demat account closure form”.
  • Provide your DP ID, KYC details, and why you want to close the account.
  • Offer your identity proof (Aadhar/PAN/Passport).

Remember that your trading account will be closed when you close your Demat account.

Espresso Demat Account Review – Conclusion

Create an Espresso Demat account to start trading in the share market. The account opening charges are only Rs. 350, and the AMC is only Rs. 400 yearly.

Opening the Demat account is simple; you can do it online and offline. If you are tech-savvy, the online process will suit you best.

However, for people comfortable handling a computer, a DP will help them open the Demat account offline. Your account will be functional in just a matter of days so that you can start trading.

FAQs on Espresso Demat Account Review

Here is the list of FAQs related to the Espresso Demat account.

How do you create a Demat account?

You can create an Demat account offline and online. Find a DP who will help you open the account for the offline process.

For the online process, you can click on “open a demat account” from the below section and will receive the guidance.

How do you delete an Espresso Account?

You must complete the “Demat account closure form” and provide the required documents to close the account permanently.

What is AMC in Espresso?

The AMC is only Rs. 400 per Year.

What are the account opening fees?

The account opening charges are only Rs. 350.

How do you find the demat account number in Espresso?

Login to your account, and you will find a 16-digit BOID number, your Demat account number.

How do you get a Statement of Demat Holdings in Espresso?

Login to your account and go to the ‘accounts’ option to find the ‘Demat Account Holding Statement’.

What documents are required to open a demat account?

You will need Aadhar, PAN, bank account details, income details, photo, and signature scan to open a Demat account here.

How long does opening a Demat Account in Espresso take?

If you use the online account opening recess, your account will get activated in a few hours if all the documents are correctly submitted.

The system will take a couple of days to open your account for the offline process.

How to change a bank account in Espresso?

To change the account registered with the this Demat account, you must fill out the ‘Bank Detail Account Modification Request Form’ and submit it.

How to transfer shares from one Demat Account to Espresso Demat?

You must submit the DIS (Delivery Instruction Slip) to your broker to transfer shares to your Espresso Demat account.

The broker will send the DIS form to the depository, and the depository will then transfer your existing shares to your preferred Demat account.


Customer ratings and reviews of Espresso Demat Account

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