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 an 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 Annual Maintainance Charges
Opening an Upstox demat account implies having to pay the account opening charges initially and later the Annual Maintenance Charges (charged yearly).
However, Upstox AMC charges are levied only on the Upstox Demat account and not on the Upstox Trading account. This is because opening a trading account with the firm is absolutely free.
The monthly maintenance fee – ₹25 (excluding GST). This is applicable only on Demat accounts and as the name suggests, is charged every month.
Upstox AMC charges
The Upstox clients need to pay a sum of ₹150 as maintenance charges for their Demat account. Moreover, users can start trading with “zero” margin money.
Upstox Demat 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!
In case you are looking forward to open Upstox account, get a complete assistance.
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