What is the AMC for a Demat account each year?
A Demat Account is known to have an integral role in a stock trader or investor. The entire procedure of investing, trading, holding, and watching has been made easier, cost-efficient, and quicker. With a Demat account, traders and investors no longer, worry about their shares and other investment securities getting stolen or damaged. However, there is a great notion that nothing in this world comes for free. In the case of Demat accounts too, one needs to pay a small amount for making your trading feasible with just a few clicks. Charges may be levied in the form of opening charges, safety charges, Annual Maintenance Charges (AMC), and transaction charges. With a large number of top brokers in India offering Demat facilities and with intense competition, most of the DPs are gaining a lot of money through these payments these days. Many of the DPs have waived off Demat Account opening charges, as well as the Annual Maintenance Charges for the first year. Some DPs are offerin...