When it comes to paying ICICI Direct ( ICICI Securities ) Demat Charges or AMC (Annual Maintenance Charges), no separate action is necessary if your Trading Account maintains a sufficient balance.

Initially, you’ll receive a bill statement for your Demat Account via your registered email address.

“Upon speaking with Customer Service Executives over the phone, there was no clarity provided regarding the exact date when AMC charges would be deducted from my trading account. The customer service team couldn’t confirm the approximate date of the deduction. It took about one and a half months after receiving the AMC bill via email for the amount to be automatically debited from my account balance.“

It’s crucial to note that the bill statement includes references to penalties and further interest for late payment. To avoid these penalties, it’s important to ensure your trading account maintains sufficient funds until the AMC charges are deducted.