Paying the Annual Maintenance Charges (AMC) for your ICICI Direct (ICICI Securities) Demat Account doesn’t require any manual action. As long as your trading account maintains a sufficient balance, the charges will be deducted automatically by the system.

You’ll first receive the AMC bill via email on your registered address. However, the deduction doesn’t happen immediately, and this can cause some confusion. I reached out to ICICI Direct’s customer service for clarity, but they were unable to confirm the exact date or even an estimated timeline for when the AMC amount would be debited from my trading account.

In my case, it took almost one and a half months after receiving the AMC bill for the charges to be deducted. So, while the billing communication arrives promptly, the actual deduction happens on its own schedule—without any specific notice.

To avoid late payment penalties or interest charges, it’s important to maintain enough funds in your trading account as soon as you receive the AMC bill. Since there’s no way to know exactly when the amount will be debited, keeping the necessary balance in place is the only way to ensure a smooth deduction.

In summary:
Once you receive the AMC bill via email, make sure your trading account has enough funds to cover it. The deduction will happen automatically, but since the timing is unclear, staying prepared is key to avoiding unnecessary charges or account issues.