One can open his/her Demat Account absolutely free with shriraminsight share broker. Their web address is https://shriraminsight.com
For the Reliance money.their brokerage structure is also a bit confusing. With shriraminsight the brokerage is not only good but they are instead reasonable if anyone wants to make some bulk deal. The BTST calls what they provide(a new product they have launched) are in most of the times reached the target.
While going through some of the posts related to the bad experience with the Reliance Money Stock broker I am making this comment. I had good experience with this house.I am dealing with them for the last 3 years and belive me they are good not in terms of service but also in terms of the Payment Procedure. They are having near 300 branches over india and near 100000 clients throughout the country. And they use the Odin software. One can also open demat through online.
https://shriraminsight.com/demathome.asp
Abhijit.