What is Account Maintenance Charge (AMC)?
Account Maintenance Charge (renamed from annual maintenance charge) is the charge to maintain the demat account with Zerodha.
The AMC for a Basic Services Demat Account (BSDA) account is charged based on the value of the holdings and is as follows:
| Holding value | Annual charges | Quarterly charges |
| Up to ₹50,000 | Zero charges | Zero charges |
| ₹50,001 to ₹2,00,000 | ₹100 + 18% GST | ₹25 + 18% GST |
| Above ₹2,00,000 | ₹300 + 18% GST | ₹75 + 18% GST |
To learn more about BSDA, see What is a Basic Services Demat Account (BSDA) and how can one be opened at Zerodha?
The AMC for a non-BSDA account at Zerodha are as follows:
| Type of account | Annual charges | Quarterly charges |
| Individual, HUF, and partnership firms | ₹300 + 18% GST | ₹75 + 18% GST |
| NRI | ₹500 + 18% GST | ₹125 + 18% GST |
| Corporates, i.e. LLPs and private & public companies | ₹1,000 + 18% GST | ₹250 + 18% GST |
| 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 the Zerodha account. AMC is posted on the funds statement, and the amount can be seen by visiting console.zerodha.com/funds/statement.
A negative balance up to ₹300 will not be displayed on Kite. However, this can be viewed on Console by visiting console.zerodha.com/funds/statement.
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Still need help?
As an enthusiast deeply versed in the intricacies of financial markets and investment platforms, I'd like to shed light on the concept of Account Maintenance Charge (AMC), a crucial aspect of maintaining a demat account with Zerodha.
Firstly, it's essential to recognize the transition from Annual Maintenance Charge (AMC) to Account Maintenance Charge, a nuanced change in nomenclature that reflects the evolution of industry terminology. This renaming aligns with the broader trends and updates in the financial sector, underlining Zerodha's commitment to clarity and transparency.
Now, let's delve into the specifics of AMC, especially in the context of a Basic Services Demat Account (BSDA). The charges associated with a BSDA are directly tied to the value of holdings, demonstrating a tiered structure that accommodates different investment levels. For holdings up to ₹50,000, there are zero charges, providing a favorable environment for small-scale investors. The charges then incrementally rise for higher holding values, with both annual and quarterly variations.
For a non-BSDA account, the charges differ based on the type of account. Individuals, HUFs, and partnership firms incur different fees compared to NRIs and corporate entities such as LLPs and private/public companies. This tiered approach reflects an understanding of the diverse nature of investors and their respective needs.
Crucially, AMC is a recurring charge, applied quarterly, and commences from the account opening date. Zerodha employs a deduction mechanism directly from the Zerodha account, ensuring a seamless and automated process. Investors can track these charges through the funds statement available on console.zerodha.com/funds/statement.
It's noteworthy that a negative balance up to ₹300 may not be displayed on Kite but can be accessed through the Console by visiting console.zerodha.com/funds/statement. This detail is a testament to the platform's commitment to providing comprehensive financial information.
To further enhance your understanding of related topics, explore articles such as "How do PIS account holders pay Account Maintenance Charges (AMC) and Depository Participant (DP) charges?" and "What are the charges for NRI accounts at Zerodha?" These resources contribute to a holistic comprehension of the financial landscape and the specificities of maintaining an account with Zerodha.
Should you have any lingering queries or require additional assistance, consider creating a ticket for personalized support. The availability of open tickets and the streamlined ticketing system on Zerodha's platform exemplifies the commitment to customer service and issue resolution.
In conclusion, the discourse on Account Maintenance Charge underscores the intricate nature of financial platforms like Zerodha, where clarity, transparency, and a nuanced understanding of investor needs are paramount.
