Lifetime Free Demat AMC Accounts - No Maintenance Charge

A demat account is mandatory to open to start investing in stock market as it keeps shares, mutual funds, and other securities electronically safe. Brokers charge an annual maintenance fee or AMC to manage the demat account but there are some brokers who offer lifetime free demat account at no AMC. Check a list of zero AMC Demat account brokers in 2023 and pay zero maintenance fee on your Demat account.

Lifetime Free or Zero Demat AMC Account

In a free AMC Demat account, your broker does not charge you anything for maintaining or managing your Demat account. Yes, you heard it right, there are zero annual charges on the Demat account for a lifetime.

However, to lure investors, many investors offer lifetime free Demat account without AMC but charge you high brokerage to cover up these expenses. So be cautious while selecting the right broker to open a Demat account.

Despite Zero AMC, some brokers may ask you to pay a one-time account opening fee or a small refundable deposit while opening a Demat account.

Some stock brokers offer zero fee demat account by charging no AMC for the first year however, some brokerage houses provide lifetime free demat accounts.

Here, we have only looked at brokers that offer no AMC accounts for lifetime rather than just for 1^st year. A zero annual maintenance Demat account are ideal for beginners to save on brokerage costs.

We have rigorously picked 7 popular lifetime free Demat AMC account stock brokers in India including discount brokers and full-service brokers.

Compare demat account opening fee, annual maintenance charge, and brokerage charges of all recommended demat account brokers.