AMC for Demat Account or Annual Maintenance Charges for Demat account is the fees that you pay the broker for maintaining your Demat account. If you want to save your extra changes you can open a Demat account with zero AMC.
A Demat Account is like a savings account so just like the bank which charges for maintaining the savings account the broker charges a minimal amount for maintaining your Demat account. These AMC charges have to be paid whether you use the account or not.
Note: Account Maintenance Charges are only applicable for Demat Account.
*In case no scheme is selected by you then by default AMC as per the annual plan will be charged at the end of the first year. For a Corporate Account, the AMC charges applicable from the 1st year are – 1000/- + GST per Annum Plan.