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What happens if I do not pay AMC for a demat account?


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If you do not pay the AMC for you're demat account, following things will happen:

  1. You will be bombarded with reminders via Email, SMS and Phone Calls by the broker.
  2. After some time, your demat account is declared a dormant account (inactive). This means you can't do any transaction until it's reactivated.
  3. To reactivate, you have to pay the reactivation fee (~ Rs 500) and clear all the dues (AMC + interest).
  4. To close a dormant demat account; you have to reactivate it first.
  5. If you have no holdings and have a dormant account with a broker, they will not allow you to open another account.
  6. The brokers (depository participants or DP) hold the dormant account forever. They will keep sending you reminders and a demat account statement.


  • The time to declare an account dormant, reactivation fee, interest rate, etc differs by a broker to broker.
  • Open a Lifetime AMC Free Demat Account, if you are not an active investor.


14. Souvik Dhali   I Like It. |Report Abuse|  Link|April 19, 2021 9:03:15 AMReply
Maine Sharekhan par ek account khola tha to uske bad kuch waja se o account 0 transaction hey to mera broker mujhe mail kar raha hey or bola raha hey ki jo usne KYC karwaa tha uske lia 30 rupia mere account pe minus hey or meine abhi tak us account me 1 payse ka vi kuch nehi kiya to vai please batao mujhe koi case base nehi hoga yeah koi jada ammount to nehi katage na ??
Please batao vaia
14.2. Randi   I Like It. |Report Abuse|  Link|March 7, 2022 3:00:14 PM
Chill bro kuch nai hoga 6 mahine main deactivate ho jaega apne app
14.3. Hiren Patel   I Like It. |Report Abuse|  Link|November 26, 2023 10:36:19 AM
It is a KYC validation charges charged by NSDC/CDSL broker has already paid on behalf of you therefore it is -30 in your account.
13. Suvarna   I Like It. |Report Abuse|  Link|August 30, 2023 4:46:14 PMReply
I have my demat account in axis I had gol offshore companies shares which is delisted and I informed bank i wanted to close my account this shares are not dematerialize and now my demat account is also not closing so please suggest what can be done
12. Sonai mandal   I Like It. |Report Abuse|  Link|August 25, 2023 9:33:56 AMReply
Sonai R D X panic and I have a zip file in the folder
11. Praveen M R   I Like It. |Report Abuse|  Link|September 9, 2022 6:58:48 PMReply
I opened icici direct account by referral and i am not using it for year after they send me some emails to that i have to pay 826 rs. Iam not used anything i only just opened by referral. Is that any problem for me to not paying the due.
11.2. Dukhi aatma   I Like It. |Report Abuse|  Link|May 9, 2023 4:48:44 PM
Same problem here maine refer and earn k chakar mai khola tha mai tab 16+ tha tu maine papa k naam se khola tha aur maine phele usmai papa ka bank account deya jo wo use karte hai phr maine unke he naam se dura ACC khola aur wo bhi add keya refer and earn se ghanta kuch nhi mela abb muje bhi kal 826 barne ka mail aaya Abb muje tension hai Kahe unke account se paise na kate upar se Jo bank acc papa use karte hai wo remove bhi nhi horaha hai
11.3. Rishav   I Like It. |Report Abuse|  Link|July 3, 2023 9:15:18 PM
If I don't pay DP charge and AMC will my Crisil score be impacted ?
10. Rishav   I Like It. |Report Abuse|  Link|July 3, 2023 9:14:11 PMReply
If I don't pay DP charge and AMC will my Crisil score be impacted ?
9. Archana Pravin Jain   I Like It. |Report Abuse|  Link|August 27, 2022 12:13:44 PMReply
we having open a demetn account with Reliance money on 25.08.2022. We had a talk with Mrs. Sumaiya Kahan that We want to revive the fozen account with Stock holding. On her promis that the procedure is for revival of frozen account with Stock Holding, we submitted all the documents required by them. We did not know that the detailed furnish with land in opeing a new demet account with reliance. We want to close the account as we have other DP account.
8. Shyamala   I Like It. |Report Abuse|  Link|June 4, 2022 4:31:56 PMReply
Can my broker charge intrest on AMC?
My AMC is from 1April 22 and already they have charged intrest of 10 rs?
Are they liable to charge interest?
7. Dawa Lama   I Like It. |Report Abuse|  Link|January 18, 2022 1:12:22 AMReply
Bhai log maine sirf refer and earn k chakkar mein khola tha 5paisa account..refer ka paisa bhi nahi mila..aur muje ye account close karna hain..aur main ye account use kar nahi raha huu toh annual maintenance charges lagega.. aur refer or earn ki chakkar main maine apni maa ka account bhi open kardiya hain...maine annual charges nahi diya toh kuch hoga mujhe..kuch batao bhai logg
7.1. Aryika   I Like It. |Report Abuse|  Link|January 24, 2022 4:36:44 PM
Hey Dawa lama!
Tum account close kr skte ho easily.
Reach out to me for free financial consultation
7.2. Madarchod   I Like It. |Report Abuse|  Link|March 7, 2022 2:59:11 PM
Bhai kuch nai hoga chinta mat kar ek kam kar bas bank account change karde or wo wala account dalna jiska use nai hota or mail karna agar online ho gya to theek nai to form bhrna padge tension mat lo kuch nai hoga chill
6. Chirag pawar   I Like It. |Report Abuse|  Link|September 22, 2020 6:04:26 AMReply
Case toh nhi hoga na mujhpe
6.1. Ryan   I Like It. |Report Abuse|  Link|January 15, 2021 1:07:48 AM
Naii Bhai aisa kuch nai hoga tension mat le !
5. Kris   I Like It. |Report Abuse|  Link|January 16, 2021 8:00:38 PMReply
I have opened a demat in 2001 and no phone number and email registered that time. I have few shares at that time and after that there was no communication from them. Now when I enquired regarding the same they are asking me to pay Fee along with interest which is around 40k which is almost same as that of my shares value. I have not received any communication from bank as I don't have the updated contact details. Can you please suggest what's the best way to come out of this??
5.1. BHAGYESH DALMA   I Like It. |Report Abuse|  Link|February 9, 2022 3:51:05 PM
i am facing a similar issue, if someone has any alternative kidnly help
4. Sanjay   I Like It. |Report Abuse|  Link|June 14, 2021 9:04:44 AMReply
I have Demat account with Angel broking without any holding.I didn't pay any AMC charges so far inspite of reminders.Now I am not receiving any communication from them regarding AMC.Is it closed or dormant now ? Shall I need to communicate with them ?
4.1. Parveen   I Like It. |Report Abuse|  Link|June 30, 2021 6:48:58 PM
Mujhe mera A/C close karwana hai
4.2. RABINDRA PATNAIK   I Like It. |Report Abuse|  Link|July 1, 2021 8:37:54 PM
I have an Dmate a/c with stock holding corporation of India,branch bhubaneswar.The stocks have been sold by me.I have duly submitted the a/c closing form and complied all the formalities as asked by shcil,bbsr.
So far they have not closed the a/c.Severaltimes on telephoning them they are not responding to the call.
Kindly suggest what I have to do now
3. Yasodha   I Like It. |Report Abuse|  Link|January 18, 2021 11:23:42 AMReply
Is there any possible to upstox get money from our Aadhaar linked bank account?
3.1. Karthik BT   I Like It. |Report Abuse|  Link|May 13, 2021 2:22:11 PM
No they can't
2. Bharat Bhushsn Agrawak   I Like It. |Report Abuse|  Link|February 21, 2021 2:08:13 PMReply
I want close my demat account.which is open ac. Is 13017600 00409784.
Bank is. not provide to me DI slip.after murger.
Now i want close demat ac. And transfer my holding to zerodha ac.12081600 56852186.
in that time mob. No. And mail id not update in system.because not available.
1. Rajan Yadav   I Like It. |Report Abuse|  Link|July 25, 2020 2:20:18 PMReply
what if i dont pay AMC for Demat Account ?
My Concern is that will it effect my Civil score? Suppose inFuture i am applying for loan,etc
1.1. Amitgh   I Like It. |Report Abuse|  Link|September 18, 2020 11:51:56 AM
Brother civil score pr farak pdega ??

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More Demat Account Questions...

  1. Is it mandatory to have a demat account to apply in an IPO?
  2. How do I transfer from one demat account to another demat account?
  3. I do not have a demat account. Can I apply in an IPO?
  4. How much interest do I get on demat account?
  5. What are the maintenance changes for a demat account? Are there any hidden charges or processing fees on the transactions I do on demat account?
  6. Do I have to pay yearly maintenance changes even I do not hold any shares in my demat account?
  7. Can a person have more than one demat account on his name?
  8. Can a Demat account opened for a minor?
  9. What is the diffrence between Demat account number and Trading account number ?
  10. What is CDSL and NSDL ?
  11. Can a minor open trading Demat account?
  12. What is a depository?
  13. Who is Depository Participant (DP)?
  14. What is dematerialisation Process?
  15. Why should I hold shares in demat account and is it compulsory for every investor to open a demat account to trade in the stock market?
  16. How many demat accounts I can open?
  17. Is there nomination facility in demat account ?
  18. Do I have to contact all companies for any update in my personal details ?
  19. I am not a frequent trader on stock exchange. What should I do with transaction statement ?
  20. What kind of help can I get If I have problem with my NSDL demat account?
  21. Can I take a loan on my demat holdings?
  22. How much do I pay for my demat account?
  23. What are the value added facilities on my demat account ?
  24. What precautions should i take to prevent misuse of securities lying in my account ?
  25. Can I open more than one demat account with only one DP in identical names?
  26. Can a demat account be opened with four holder's names?
  27. What is the Standing Instruction given in the demat account opening form?
  28. Can someone else operate my demat account on my behalf on the basis of Power of Attorney?
  29. What is a clearing member account and how is it different from a beneficiary account?
  30. How many Demat Account can be added to my Trading Account?
  31. How many Demat Accounts do I need?
  32. Is there any nomination facility in Demat Account?
  33. Do I need to contact all companies for any update in my personal details?
  34. What precautions should I take to prevent misuse of securities lying in my demat account?
  35. I am not a frequent trader on stock exchange. What should I do with Transaction Statement?
  36. How much do I need to pay for my Demat Account?
  37. What kind of help can I get if I have any problem with my NSDL Demat Account?
  38. What are the value added facilities on my demat account?
  39. How long can I hold the shares of a company? What are the changes applied in holding shares for the long term?
  40. How do I safeguard my Demat Account with Power of Attorney to Broker?
  41. Are there different types of Power of Attorney?
  42. What is the validity of my Power of Attorney for demat account?
  43. Are there any charges associated with Demat Power of Attorney?
  44. Does broker allows time bound Power of Attorney for Demat Account?
  45. Should Power of Attorney be printed on the Stamp Paper?
  46. Can I sign Power of Attorney online?
  47. Can a Broker misuse the Power of Attorney?
  48. Can a Broker withdraw money from my linked bank account using the Power of Attorney I gave?
  49. Can I use Broker Pool Demat Account to keep my share and do not give Power of Attorney?
  50. Can I trade in Futures and Options without Power of Attorney to my Demat account?
  51. My signed Power of Attorney is still in courier. Can I still trade?
  52. How can I get dividends directly to the bank instead of the cheque? Is there any online application?
  53. Can I add another person to my demat account?
  54. Why do I need a demat account?
  55. Is demat account required for SIP?
  56. What is the differences between NSDL and CDSL?
  57. Does any stock broker offer CDSL Easiest facility?
  58. Can I transfer shares from CDSL demat account to NSDL demat account?
  59. What happens if I do not pay AMC for a demat account?
  60. Can I open Demat Account without PAN Card?

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