What is demat account AMC charges?

Demat Account AMC Charges (Annual Maintenance Charges) refer to the yearly fee charged by depository participants (DPs) or brokers for maintaining your demat account. This fee is used to cover the cost of holding and servicing your securities electronically. Check Lifetime Free Demat Account (AMC Free).

• Who charges it? Your stockbroker or DP (like Zerodha, Angel One, ICICI Direct, etc.).
• How much? Typically ranges from ₹0 to ₹1,000 per year, depending on the broker and account type.
• When is it paid? Usually once a year, either upfront or deducted periodically.

Can it be waived? Some brokers offer zero AMC for the first year or for basic accounts like BSDA (Basic Services Demat Account).