What is an AMC charge in Choice Broking?

Choice Broking AMC charge is the annual maintenance charges for maintaining the Demat account with the broker. The first year AMC for individuals is free. 

Choice Broking AMC Charges

Choice has different AMC schemes for individuals and corporates as per below:

For individuals  

1. Basic Standard Plan: Rs 200 + GST
2. Special Plan:

1. Lifetime AMC Free Plan (One Time - Non-refundable): Rs 1,500 + GST
2. Lifetime AMC Free Plan (One Time - Refundable): Rs 3,000 

For corporates 

1. Basic Standard Plan: Rs 1,000 + GST
2. Special Plan:

1. Lifetime AMC Free Plan (One Time - Non-refundable): Rs 55,0000 + GST (only for Escrow accounts) 

You need to pay AMC irrespective of whether you use the Demat account or not.