What is Account Maintenance Charge (AMC) with regard to my demat account at Zerodha?
Account Maintenance Charge (renamed from annual maintenance charge) is the charge you pay to maintain your demat account with Zerodha.
There is no account maintenance charge(AMC) for your trading account and commodity account.
AMC for maintaining a demat account at Zerodha is:
|Type of account||Annual Charges||Quarterly Charges|
|Individuals, HUFs, and partnership firms||₹300 + 18% GST||₹75 + 18% GST|
|NRIs||₹500 + 18% GST||₹125 + 18% GST|
|Corporates, i.e. LLPs and private & public companies||₹1000 + 18% GST||₹250 + 18% GST|
|For IL&FS DEMAT (accounts opened before 15th Sep 2015)||₹400 + 18% GST||₹100 + 18% GST|
AMC is charged per quarter, i.e., every 90 days starting from the account opening date and is deducted from your Zerodha account.
The AMC for a Basic Service Demat Account (BSDA) account is charged based on the value of your holdings as follows:
|Holding value||AMC (exclusive of GST)|
|Up to ₹50,000||No AMC|
|₹50,001 to ₹2,00,000||₹25 per quarter|
|Above ₹2,00,000||₹75 per quarter|
To know more about BSDA, see How to open a Basic Service Demat Account (BSDA) at Zerodha?