Account maintenance charges reduced for all clients
Yes you read it right? Starting this New Year, you will be levied a very nominal demat account maintenance charge (AMC)
So what’s changing?
Till Dec 2020, you were charged Rs 45/- per traded month as an AMC. With effect from 1st January 2021, the revised charges that shall be applicable to 5paisa demat account holders are shown below:
Holding Value of securities as on last day of the month
| Number of demat accounts across brokers
| Demat Maintenance Charges per month (exclusive of GST)
|
Up to ₹50,000
| 1
| |
₹50,000 to ₹2,00,000
| 1
| |
Above ₹2,00,000
| 1
| |
Less than ₹2,00,000
| More than 1
| ₹25
|
The applicable charges will be debited to your trading account at the end of every calendar month, depending on your holding value as on the last day of the respective month and the number of account as reported by the depository (CDSL).
Example working:
Date
| Holding Value of securities in Rs
| Number of demat accounts as reported by depository
| AMC for the calendar month in Rs
|
31 Jan 2021
| 45000
| 1
| 0
|
28 Feb 2021
| 20000
| 1
| 0
|
31 Mar 2021
| 100000
| 1
| 8
|
30 Apr 2021
| 150000
| 1
| 8
|
31 May 2021
| 230000
| 1
| 25
|
30 Jun 2021
| 100000
| 1
| 8
|
31 Jul 2021
| 100000
| 2
| 25
|
31 Aug 2021
| 300000
| 2
| 25
|