What Are the AMC Charges: Annual Maintenance Charges for Demat Account

What is AMC?

AMC is the annual maintenance charge that you pay for your demat account.

Is the cost the same across DPs?

No, each DP may charge different rates as AMC.

Can I get a discount?

Some DPs do waive these charges for the first year after opening the account.

Do I have to higher AMC charges for a 3-in-1 account?

No, charges are the same for the demat account, whether it forms part of a 3-in-1 account or not.

Are DPs that charge lower rate better?

Considers factor like the quality of customer support, and the network the DP has.