What is the AMC for a Demat account each year?

1. What is the AMC for a Demat account each year? A Demat Account is known to have an integral role in a stock trader or investor. The entire procedure of investing, trading, holding, and watching has been made easier, cost-efficient, and quicker. With a Demat account, traders and investors no longer, worry about their shares and other investment securities getting stolen or damaged. However, there is a great notion that nothing in this world comes for free. In the case of Demat accounts too, one needs to pay a small amount for making your trading feasible with just a few clicks. Charges may be levied in the form of opening charges, safety charges, Annual Maintenance Charges (AMC), and transaction charges. With a large number of top brokers in India offering Demat facilities and with intense competition, most of the DPs are gaining a lot of money through these payments these days. Many of the DPs have waived off Demat Account opening charges, as well as the Annual Maintenance Charges for the first year. Some DPs are offering some other benefits like reasonable transaction charges. Demat account annual maintenance charges Similar to other charges, a Demat account holder is supposed to pay annual maintenance charges (AMC) to the Depository Participant (DP) for the services availed. Also called folio maintenance charges, these charges need to be paid in advance and usually range from Rs 300 to 900 per annum. Some DPs may also levy quarterly charges, while others may charge

2. a lifetime charge of over INR 2000 and above. However, with a number of DPs competing among each other to lure customers, many of them have waived off AMC charges for the first year and initiate billing from the second year only. However, choosing one of top 10 stock brokers in India means you can expect clear and transparent details about all the charges levied by the broker. Below are the Demat AMC charges by the top brokers in India 1.Zerodha Rs. 300 + 18% GST - For individuals, HUFs, NRIs and partnership firms Rs. 1000 + 18% GST - For corporates, i.e. LLPs and private & public companies For IL&FS Demat (accounts opened before 15th Sep 2015), it is INR 400 + 18% GST (The AMC is charged directly from the trading account balance once in a quarter.) 2.Sharekhan Account Holdings AMC INR 50000 Nil INR 50000 – INR 200000 INR 100 – INR 750

3. Beyond INR 200000 INR 2000 – INR 2500 3.Upstox Upstox Annual Maintenance Charges –INR 25 per month 4.5Paisa 5paisa provides an All-in-one investment account with 2 different add-on packs: · Research & Idea Pack – INR 499 per month. Brokerage INR 20 per trade and AMC INR 45 per month. · Ultra Trader Pack – INR 999 per month. Brokerage INR 10 per trade and NIL AMC charges. 5.IIFL AMC Charges (1st Year) – NIL (2nd Year Onwards) – INR 450 6.Angel Broking Annual Maintenance Charges – INR 0 for the first year then INR 450 per annum. 7.Religare Annual Maintenance Charges – INR 400.