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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?