More on Demat Account
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 â‚¹20 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.
AMC Charges Of Upstox
All those who opt for a physical/offline account opening process shall be charged an additional amount of â‚¹100.Â
When a person opens a Demat account with Upstox, the company automatically opens his/her trading account as and when he/she chooses the trading segments.
For a clear idea of the Upstox AMC charges and account opening fee, refer below:Â
Account opening charges:
Equity + F&O + Currency Derivatives – Absolutely Free.
Only commodities – Absolutely Free.
The monthly maintenance fee – â‚¹25 (excluding GST). This is applicable only on Demat accounts and as the name suggests, is charged every month.
Upstox AMC chargesÂ
Upstox Demat AMCÂ Charges
Upstox AMC charges are often referred to as â€œUpstox Demat AMCâ€ because this fee is applicable only on Demat accounts.Â This is one of the Upstox Demat account charges, there are a few others that are applied when you start trading.
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||Free|
|Annual maintenance charges of trading account||Free|
|Opening a Demat accountÂ||Free|
|Annual maintenance charges of Demat accountÂ (charged annually)||â‚¹150|
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.Â
With an account opening and annual maintenance charge of â‚¹150 each, you can start trading without getting your pockets ripped.Â
Low brokerage and high margins which are ideal for traders and particularly the bussing ones. Upstox offers these both!Â Â
Also, you can refer Upstox DP details
In case you are looking forward to opening the Upstox account, get complete assistance.
Just fill in a few details and get a callback.
More on Upstox:
If you are looking to know more about Upstox, here are a few reference links for you:
Find us at the office
Blotner- Kwas street no. 55, 39246 Canberra, Australia
Give us a ring
+78 715 483 676
Mon - Fri, 10:00-22:00