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	Zero
₹50,000 to ₹2,00,000	1	₹8
Above ₹2,00,000	1	₹25
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