Upstox is among the leading discount brokers of India in terms of safety and reliability. It offers 0% brokerage on stock delivery and a fee of flat ₹20 per trade. The company, however, charges maintenance fee known as the Upstox AMC Charges.
AMC stands for annual maintenance charges and as the name suggests, is charged annually for maintaining your Upstox account.
As a Upstox user, you need to pay respective fees, commission, and taxes for trading. AMC is one of them. This article explains all about Upstox AMC charges.
Upstox AMC charges are often referred to as “Upstox Demat AMC” because this fee is applicable only on Demat accounts.
You can open your Upstox Demat account online as well as offline.
You can proceed with the online process using your Aadhaar Card. Just fill the Demat account opening form online. Ensure to have a stable internet connection and keep all required documents handy while doing the online account opening process.
In case your current mobile number is not linked to your Aadhaar, you can opt for the offline process. Just fill the Demat account opening form, get it printed, and send it to the Upstox head office via courier/post. Do not forget to attach the cheques.
Note that the account opening and brokerage and AMC charges for NRIs are different from that of regular Indian residents.
The table below is a gist of the things mentioned in the article:
Upstox AMC Charges
Opening a trading account
Annual maintenance charges of trading account
Opening a Demat account
Annual maintenance charges of Demat account (charged annually)
Formerly known as RKSV Securities, Upstox is great for the traders looking for low brokerages and high margins. The motive of the company is to make trading and investments accessible to everyone.
The firm is known for providing an easy and advanced trading platform. Users can save a huge amount on their brokerage as well as open their accounts with nominal opening and maintenance charges.
With an account opening and annual maintenance charge of ₹150 each, you can start trading without getting your pockets ripped.
Low brokerage and high margins which are ideal for traders and particularly the bussing ones. Upstox offers these both!