What is Demat maintenance charge?
Demat Maintenance charges are applied for maintaining your demat A/c with CDSL. It is known as Demat AMC (Annual Maintenance Charges).
| Account Type |
Holding
value |
Monthly
Charges |
| *BSDA Account |
Up to INR 4,00,000 |
INR 0 |
| |
INR 4,00,000 to INR
10,00,000 |
INR 8.33 +
Applicable GST |
| Non BSDA Account (FSDA) |
Individual Holding value Above INR 10,00,000 |
INR 25 + Applicable GST |
| |
HUF, and
partnership firms |
INR 25 + Applicable
GST |
| |
Corporates, i.e. LLPs and private & public companies |
INR 83.33 + Applicable GST |
*BSDA as per defined by SEBI regulation
*Any account will be eligible as BSDA if following conditions are met -
>>Only 1 demat account across brokers and
>>Holding value is less than 10 lakhs
*As per SEBI guidelines, any client who hold more than 1 account across depositories irrespective of the holdings, Rs. 25 per month. + 18% GST AMC will be charged
The applicable charges will be debited to your trading account at the beginning of every quarter in advance, depending on your holding value as on the last day of the respective month and the number of account as reported by the depository.
The aforementioned slabs are applicable to only BSDA clients. All the FSDA clients shall be levied an amount of Rs.25 + 18% GST per month towards the Demat AMC (Annual Maintenance Charge)