I started my zerodha trading account in 2014 and my demat account is with IL&FS. I have been paying AMC charge for demat account of IL&FS for 2014 and 2015 by logging into their site. The outstanding amount is shown in the site and I pay it through online banking.
Now for 2016 and 2017, I am not seeing any outstanding amount and I didn’t pay AMC. did they waive the AMC amount ? any one else have any info on this ?
Possible scenario: If your holdings value is less than 50k as of AMC billing date, then your Demat is automatically converted to a BSDA account. Rates as below:
If this is not the scenario, then you should write to ‘[email protected]’. They’ll let you know what your exact ILFS outstanding AMC charges are
Thanks. I came to know about BSDA only now. You were right, I didn’t have any holding during this period in which AMC was not charged
I would like to know if I start trading again and started holding shares in my demat account, will my account changed back to original type account with AMC ? what are the rules in this regard ?