As I understand from Zerodha's website, AMC of Rs. 300 is applicable. I am checking ledger details for the last financial year and I see that AMC charges have been deducted twice as follows:
1) 23/05/2016 JV Being AMC charges for IL&FS Demat account 433.15
2) 29/06/2016 JV Being DP AMC Charges Debited as per consent 427.43
I have not executed a single trade through Zerodha for the past financial year and I am keeping this account only as backup for now. I have sent an email to customer support of Zerodha just now. I'll appreciate if anybody here can explain these annual charges in the meantime.
1) 23/05/2016 JV Being AMC charges for IL&FS Demat account 433.15
2) 29/06/2016 JV Being DP AMC Charges Debited as per consent 427.43
I have not executed a single trade through Zerodha for the past financial year and I am keeping this account only as backup for now. I have sent an email to customer support of Zerodha just now. I'll appreciate if anybody here can explain these annual charges in the meantime.