No, you don't need to maintain a minimum balance of securities in your Demat account, as there are no minimum balance requirements for Demat accounts.
No Minimum Balance:
Unlike a savings account, a Demat account does not require you to keep a minimum balance of securities to keep it active.
Zero Balance Allowed:
You can have zero balance in your Demat account, meaning you can hold no securities at all, and your account will still remain functional.
Annual Maintenance Charges:
While there's no minimum balance requirement, accounts with securities less than the value or Rs. 10, 00, 000 and if the customer is first holder only on the Axis Securities Limited demat accoutn without haviing a Demat account elsewhere, will be converted to a Basic Services Demat Account (BSDA) and no AMC will be charged to such customers, customers not meeting these criterion will be charged AMCs as per the applicable rates for their accounts, please Click Here to view your demat Schedule of Charges.
Demat Account vs. Trading Account:
It's important to note that a Demat account is where your securities are held, while a trading account is used to buy and sell securities.