What is AMC for demat account?

AMC for a demat account refers to the Annual Maintenance Charges a yearly fee charged by depository participants (like stock brokers) to maintain your demat account.

Key Points:

• Full Form: Annual Maintenance Charges
• Typical Range: ₹0 to ₹1,000 per year
• Charged: Once a year (some may charge quarterly)
• Covers: Cost of holding shares and maintaining your account
• Offers: Some brokers offer zero AMC or waive it for the first year