What is AMC in stock market in Hindi (annual account maintenance charge)

What is AMC in stock market 

What is the annual AMC for a demat account? What is AMC? To maintain a demat account, an annual maintenance fee or AMC is charged. The amount of AMC paid varies from brokerage firm to brokerage firm. The fee ranges from Rs 200, but most are Rs 350 and some  charge up to Rs 850/950  from the second year onwards depending on the type of demat account chosen (individual account, joint account, NRI demat account, demat, trading account etc.). 3-in-1 accounts. There are brokers who offer their customers free AMC for life with no contractual terms. Compared to discount brokers, full-service brokers often charge a higher AMC amount. The price of Demat AMC does not depend on whether you hold shares in your Demat account or not. This fee has to be paid to maintain your account irrespective of whether you are an active investor or engaged in position trading or intraday trading. Unless you are using a broker that has zero AMC fees. Brokers often waive  AMC in the first year and charge AMC from the second year onwards. Some accounts do not charge  AMC fees to  account holders who do not have shares in their account until the  first share is purchased.  What happens if I don't pay AMC fees? What is the annual AMC for a demat account? What is AMC?  To keep your demat account active, you will need to pay an annual maintenance charge (AMC). The amount you have to pay for AMC is decided by the stock broker you are dealing with. Depending on the type of demat account you choose (individual or joint account, NRI demat account, demat and trading account, or 3-in-1 account), it starts from Rs 200, in most cases Rs 350 and in some cases from the second year onwards, it is charged up to Rs 850/950. Some brokers offer their customers free AMC for life with no limit.  Full-service brokers often charge  higher AMC amount  than discount brokers. Cost of demat account  You may face the following situations:  1 - Your account will be blocked and you will not be able to access it until you deposit money to clear the balance. 2 - Your demat account balance will keep increasing every year until you are able to complete your payments and clear the outstanding balance.  You should repay your AMC as soon as possible. If you are no longer using your demat account, it is advisable to apply for closure.