For every active Demat account with Axis Securities Ltd. there is a fee of Rs. 750 + 18% GST charged/562.50 + 18% GST charged on the account on an annual basis, these are termed as the Annual Maintenance Charges (AMC).

Ledger Narration for the fee: “Being Demat charges for (Month) (Demat Account Number)”

Axis Bank savings account customers: The AMC for the first year is free for all the customers who link an Axis Bank savings account with their AxisDirect trading account, the AMC for such customers will be charged as explained in the example below:

Scenario 1:

Account Opening Date: 1st September, 2022

NO AMC from 1st September, 2022 to 1st September, 2023

First AMC will be charged on 1st September, 2023 for the period 1st September, 2023 to 1st April, 2024.

From here on the customer will be charged Rs. 885/663.75 for the full financial year from 1st April, 2024 onwards every year.

Non – Axis Bank savings account customers: If you choose to link a non Axis Bank savings account with your AxisDirect trading account, the AMC is charged as explained in the example below:

Account Opening Date: 1st September, 2022

An AMC of Rs. 350 is charged for the first year.

From then on the customer will be charged Rs. 885 for the full financial year from 1st April, 2024 onwards every year.

For more information on the Demat charges charged on your account Click Here to view the Schedule of Charges for your Demat account.