How to pay Zerodha AMC if I only use COIN?

Zerodha
1

Hello everyone,

If I only use COIN, how would I pay for Zerodha AMC?
From what I know AMC is deducted from Kite balance, but what happens if I don’t use KITE at all?
Will I get a notification from zerodha that I need to pay AMC?
or do I have to keep checking KITE again and again for any due AMC payment?
Because I feel that If I miss a payment then zerodha will keep adding fine to the payment amount.

Kindly explain if anyone knows about it.

2

You will get an email on your registered email ID before the AMC is deducted, you can add funds to Kite at that time. We are also working on a way to allow one to pay AMC upfront or setup mandate to auto debit AMC.

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3

Thank you.

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4

This is such bad experience for users who only use coin.
they have automated SIP using bank mandates etc. but for AMC 89RS user has to manually add funds. No option for automatic. and even if the user wants to keep additional balance, due to SEBI guidelines it will be refunded back to bank account.

for adding funds via mandate, minimum amount set by Zerodha is 500Rs. so cannot keep a quarterly mandate also to add 100Rs.

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