uTrade AlgosYes, if you select the yearly maintenance charge (rather than the Lifetime AMC Charge) while opening a Demat account with Share India, you will still need to pay the annual fee, even if you do not hold any shares in your account. This charge is for maintaining the account, regardless of its activity or balance.
- In case of an online demat account no AMC is charged for a grace period of 365 days from the date of account opening. After this period, you’ll be charged ₹200 per annum as AMC.
- At the time of opening an offline demat account, the user gets the option to choose the Schedule of AMC Charges via filling and submitting SCHEDULE OF SERVICES CHARGES FOR DP SERVICES along with the rest of the documents.
- Here is a breakdown of the relevant charges:
| Services | SCHEME – A | SCHEME – B | SCHEME – C | ||
| Account Maintenance Charges | Online mode (for Individual Account Only) ₹0 for first year (365 days) ₹200/annum (after 365 days) |
For Individual Account offline or online First 365 days: ₹1,000/- (Non Refundable) After 365 days : Nil |
Value of Holdings in the Demat Account (Debt as well as other than debt securities) combined | Maximum AMC | |
| Offline mode For Individual Account ₹200/- per annum For Corporate Account ₹1500/- per annum |
For Non-Individual Account offline or online First 365 days: ₹10,000/- (Non Refundable) After 365 days : Nil |
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| Up to ₹4 Lakhs | Nil | ||||
| More than ₹4 Lakhs but up to ₹10 Lakhs | ₹100/- | ||||
| More than ₹10 Lakhs | Not a BSDA. Regular AMC may be levied | ||||
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