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Opening a demat account with 5paisa is free and also the demat maintenance fee is just Rs 300 per annum. On a monthly basis, 5paisa charges demat AMC of Rs 25 each month from customers.
However, if your holding value is between Rs 50,000 to Rs 200,000 then the demat account maintenance fee is even lower to Rs 8 per month.
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Zerodha Trade@20
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