The Annual Maintenance Charge (AMC) is a fixed yearly fee that we levy to maintain your Demat account, regardless of whether you trade during the year or not.

AMC is debited once a year from your trading account. Starting February 2025, we have revised our AMC pricing. All users will be charged AMC as per the updated rates outlined below.

Current AMC for Individual Accounts (excluding HUF, NRI and other Non Individual users)

• Non-BSDA Users: ₹300 + GST = ₹354/- per year
• BSDA Users (holdings greater than ₹10L): ₹300 + GST = ₹354/- per year
• BSDA Users (holdings between ₹4L and ₹10L): ₹100 + GST = ₹118/- per year

Note: The above charges reflect revised rates effective from February 2025.

How to check if your AMC is paid or if you have any unpaid dues?

You can View your AMC status in the 'Unpaid Charges' section of the Securities Wallet.

Follow these steps

1. Open the Upstox app
2. Tap on the ‘Funds’ tab
3. Under Securities Wallet, select ‘Available to Trade’
4. Look under the ‘Cash’ section for Unpaid charges

Note If you don’t see this section, please update your app to the latest version.

How to pay your AMC?

If the AMC charge is unpaid, it will continue to appear in this section until it's settled. You can clear this amount by either:

1. Adding funds to your Securities Wallet.

2. Selling securities equivalent to the AMC amount (the system will auto-adjust the payment).

How to confirm AMC payment from your ledger?

After paying your AMC, you can verify the deduction by checking your Ledger Report. Here’s how:

1. Open the Upstox app

2. Follow the steps in this article: How to check the ledger

3. Look for the entry titled "Annual Demat account maintenance charges.

This entry will show the charge amount, the date, and the period it covers.

Frequently Asked Questions (FAQs)

Below are some commonly asked questions about AMC (Annual Maintenance Charges) to help you better understand how it works and how it impacts your Upstox account:

1. Will AMC be charged even if I don’t trade?

Yes. AMC is a yearly charge and applies whether or not you place any trades. Charges begin from FY 2025-26.

2. Where in the app can I see my AMC?

AMC will show under the ‘Unpaid Charges’ section. Once paid, it can be viewed infrom your Ledger Report.

3. When is AMC applicable to customers, and how is it charged?

• The Annual Maintenance Charge (AMC) applies to all Upstox customers starting February 2025
• For customers who are onboarded after February 2025, AMC will be free for the first year from the date of account opening (subject to the prevailing terms and conditions set by Upstox, which may change from time to time)

After the free period ends, users will be charged a pro-rated AMC for the following financial year, calculated based on the number of months remaining in that year.

Example: If you open your account in May 2025, your AMC will be free from May 2025 to April 2026. For FY 2026–27, you will be charged proportionate AMC for 11 months, covering May 2026 to March 2027.

4. Can I opt for lifetime free AMC?

No, Upstox currently does not offer any lifetime free AMC plans. All earlier AMC offers were revised as of February 2025

5. When are AMC charges applied?

AMC is charged at the start of every financial year, typically in April. For FY 2025–26, charges will be applied in batches until June 2025.

6. How can I pay my AMC charges?

You can fund AMC through:

• A direct deposit to your Securities Wallet
• Proceeds from the sale of securities (the system will auto-adjust this amount).

7. Will AMC charges affect my trading limits?

Yes. Any amount shown as Unpaid Charges for AMC will not be available for placing trades. You must fund an amount over and above the AMC to continue trading.

Need More Info?

• For a full list of charges, click here: Other charges
• If your query is still not resolved, please raise a ticket here

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• Unpaid Charges