Blog

 Having a demat account with Upstox and every time you check your ledger you come across the Account Maintenance Charges. Wondering what is AMC charges in Upstox

As already known that demat account converts your shares into digital form and stores them securely. To ensure the safety and security of the holdings and to maintain smooth transactions to and from the demat account one needs to pay specific fees called Account maintenance charges. 

Below is a brief introduction to the Upstox charges for account maintenance.

Upstox AMC Charges

AMC is a fixed fee that you have to pay to maintain your Demat account. AMC is payable every year/month or quarterly as per your account opening plan with the broker from the date of opening a Demat account.

Below are the account maintenance charges for different time periods:

If you want to know about AMC/QMC or MMC charges applicable to your account you can look for the same in the ledger report available under ‘Report & Corp, Actions’ in your Upstox profile. 

Here it is important to note that this fee is charged even if you are not using account actively. It is therefore advised to close Upstox demat account in case you change your broker or no more investing in the share market. 

Check the steps to know how to close demat account in Upstox?