Annual Maintenance Charges or AMC is charged in order to maintain your Demat account.

The amount of AMC that you have to pay depends on the stock broker you are with.

It ranges from Rs150, most charge Rs 300 and some even charge as much as RS 800/900 going upwards from the second year, depending upon the type of demat account you choose- individual or joint accounts, NRI demat accounts, demat and trading accounts or 3-in-1 accounts.

There are brokers who allow lifetime free AMC to the customers without any terms and conditions.Often, as compared to discount brokers, full-service brokers charge a higher amount of AMC.

The price for your Demat AMC does not depend on whether you hold shares in your Demat account or not.

This fee has to be paid for the maintenance of your accounts, regardless of whether you are an active investor or not, or whether you do positional trading or intraday trading.

About Demat account                                        Demat account is essential for any kind of activity such as trading in stock market and shares etc as it holds all the records of shares and securities bought by an individual in electronic format.

You cannot buy, sell or retain shares without holding a Demat account.

The process of opening a demat account is really easy and quick.Is it essential to have a PAN card for Demat account opening?

According to the Security Exchange Board of India (SEBI) circular dated April 27,2007 it is mandatory to hold a PAN card to open a demat account irrespective of the size of the investment or objective of an individual.

You need to provide some documents as a part of the demat account opening protocol and complete the KYC (Know your Customer) process.

Key words- Can I open Demat account without PAN card?, Demat account without PAN card, Share market, stock exchange, securities, Security Exchange Board of India, SEBI, Documents needed to open a Demat account, About Demat account, PAN card is necessary to open a Demat account.

In previous blogs we had discussed about the importance of holding a demat account in order to own shares.

This can be opened with the depository participant and shares are kept in paperless format.

It is also possible to open Demat account on behalf of a minor.The process of opening a demat account for a minor is as follows.

Only the natural guardian (parents) or court-appointed guardians may open the Demat accounts in the name of a minor child.FormsThe guardian must fill out the standard Demat account opening forms.

It may be appropriate to fill out two KYC forms, one for the guardian and one for the minor (to be filled and signed by the guardian).Documents and informationThe guardian has to provide the documentation needed and comply with KYC requirements.

The date of birth of a minor, with proof, must be obligatory.

To get a lasting record number (Dish), required archives are personality, address and birth verification.

Notwithstanding, you should open Demat account so as to hold those protections that are bought.At the point when you’re picking a representative, there are a few hints that must be followed:Business: Before picking any specialist, accumulate all the necessary subtleties of an expected representative and look at the edge and expenses they accuse of the estimation of every exchange.

There are numerous agents who charge ostensible expenses on every exchange except don’t give quality examination counsel on occasion.Exchanging stage: Numerous dealers give cutting edge exchanging stages.

They are money related and specialized investigation of an association.

Henceforth, a decent exchanging stage causes the client to pass judgment and structure right suppositions by checking on the specialized diagrams that help to process the right frameworks.Budgetary resources: Some uncommon specialists just give the comfort of exchanging a first sale of stock, securities, shared assets and protection items.

Consequently, over the long haul, dealers offering various offices are exceptionally helpful.Last application: In the wake of choosing a specialist, basically present your KYC records and solicitation structure for opening a record in your name.Incredible Your IdWhen your record is dynamic, you will get a remarkable login ID number.