Want to Know Charges Involved In Opening A Demat Account: Check The Photos

With trading in the stock market becoming a lucrative option for individual investors, Demat accounts are becoming a popular investment tool.

Demat Account Charges.

For opening a Demat account, the first thing investors need to know is the charges involved in the process. Getty

Brokerage firms and financial institutions charge an account opening fee for setting up a Demat account, and this is generally levied as a one time fee. Getty

Annual Maintenance Charges (AMC) are charged on a recurring and annual basis from the investors, and represent the maintenance and upkeep charges for the Demat account. Getty

The financial institutions charge a fee on every transaction made within the Demat account, which is generally calculated on the basis of the transaction value or the amount of securities traded. Getty

Custodian charges are imposed by certain institutions or brokerages for safeguarding and managing the securities held in the Demat account. Getty

Financial institutions also levy other charges for services including depository charges, and brokerage charges, among others. Getty