AMC (Annual Maintenance Charges) are fees charged by the Depository Participant (DP) for maintaining your Demat account and providing related services such as account maintenance, statement generation, and record keeping.
AMC charges are generally deducted annually, quarterly, or as per the billing cycle specified by IIFL Capital. The deduction date may vary according to your account terms.
AMC may be applicable even if there are no transactions in your Demat account, as the charges are generally levied for maintaining the account and related services.
Non-payment of AMC charges may result in outstanding dues on your account. The Depository Participant may levy penalties, restrict certain account services, or take other actions as per applicable terms and conditions.