18% GST and 2.36% partner fee will be levied on the above charges while opening the account.
Now let’s throw some light on other charges of M Stock Demat Account as well.
mStock Demat Account Charges
₹12 + GST per sell transaction in Delivery
₹12 + GST per request
₹150 per certificate + ₹100 courier charges
₹150 per certificate + ₹100 courier charges + CDSL charges
Account Closing Charges
M Stock Demat Account Maintenance Charges
Apart from opening charges, brokers charge their customers with account maintenance charges in exchange for the services like record keeping, securing your account and holdings and documentation, etc.
The account maintenance charges vary from one stock broker to another. These charges can be levied monthly, quarterly, or annually, depending upon your broker.
Some of the stockbrokers have lifted up the AMC for the first year as a benefit to the customer for opening an account with them.
With an M Stock demat account, the account maintenance charges are ₹999 as a one-time fee that makes the AMC free for a lifetime.
However, for those who are not comfortable with paying ₹999 upfront, M Stock provides another option. In this option, an individual will have to pay ₹120 as AMC for every quarter, which makes it ₹480 per year.
mStock Demat Account AMC Charges
One Time AMC Fees
₹120 per quarter
M Stock demat account charges with ₹999 as the one-time fee will cost an individual over ₹2000, which is fairly a big amount merely for a demat account. However, this same amount seems too less if we put it together with the benefits that it provides.
Investors and traders remain annoyed by the brokerage as well as account management charges (AMC) most of the time. As sometimes these demat account charges impact the better part of their profits.
Therefore, investors and traders always look for avenues to minimize or eliminate these charges to protect their profits. M Stock is providing this generous offer of free brokerage and AMC for a lifetime, which could be substantially beneficial for you.
You can begin your investment journey with the renowned stockbroker now. Get in touch with us and we will assist you in opening a demat account online for FREE!