AMC is charged only towards demat account and is free for the first year. Rs.300 plus GST (Goods & service Tax) @ 18% is charged annually from second year. For applying Demat AMC, a year (365 days) is calculated from the day of account opening.
Kindly note there is no AMC for trading account.
Demat AMC is debited to the extent of credit balance available in the trading account. The remaining amount is debited as and when the account gets credited.
Example: Suppose an account which is subjected to demat AMC has a credit balance of Rs. 200. In such a case Rs. 200 will be debited from the account and the remaining balance will be debited as and when the account gets credited.
How to close demag account, i am not active user
Hello Amit,
Are you looking for any services? It would be great if you could tell us if we can be of any help to activate your account.
Sir I want to close the account please guide
Hello Gurinder,
Request you to share with us the reason for closing your account with us. We would be glad to resolve them for you if any.
I want to close my account
Hello Shipra,
It would be better if you could share with us the reason for closing your account. We would be happy to resolve the issue if any.
I wish to close my account as I cannot afford to pay AMC
Hello Kanwarjit,
We understand about your concern. If you trade only in derivatives then you can keep the trading account and close the demat account only. No AMC will be changed to the trading account. If you still wish to close the account then please login to BOX and go to My profile. You would find an option to close your account online.
DON’T PAY THEM…………
They aggressively market and followup to sell the DMAT accounts and then wave-off 1 or 2 years of AMC, but suddenly they want to charge. The account opening is done totally online but they can’t close the account.
ITS A RIDICULOUS AND MALICIOUS TACTIC THE ARE APPLYING.
As a result they have lost any opportunity of bringing me back as a customer. I will also not advise my friends and family to stay away!
We are sorry you felt this way. We would like to know if you are facing any issues. As per the regulatory requirement, the account has to be closed offline. Also, we saw that there are possibilities for closing the account online. We are exploring the best possible option to implement the same.
I’m not an active user. Not interested to continue, and also two stocks in your account, please suggest.
Also wanted to know if any AMC is applicable on my account.
Hello Sanjay,
Can you please let us know whether you are facing any issue? It would be great if you could share us the reason for account closure. This will help us to improve our service further. First year demat AMC is free and from next year onwards it is Rs 300 plus GST per year. Life time AMC is free for trading account. Kindly email us at support@vnsfin.com along with your client details. We shall check the your account details and update you.
I asked to close my account as I am not active user, still system deducted 354 INR. Why?
Please, help me to close the account.
Hello Harshad,
Kindly write us at support@vnsfin.com. We shall check the your account details and update you.
How to close demat account i am not active user
Hello Vijay,
We would be sorry to see you go. Kindly let us know how best we can help you to your trading.
ARE YOU GIVE SOME TIPS FOR INTRADAY TRADING
Hello Machhindra,
Currently we do not provide tips and recommendations. However, we have an algo trading facility. Please click here to know more.
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