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 trading account balance.“
To avoid penalties and additional interest for late payment, it’s important to maintain a sufficient balance in your trading account to cover the AMC charges. These charges will be automatically deducted when due, but the timing of the deduction is uncertain.
Soon after receiving the bill statement for your Demat account via email, maintain the necessary balance in your trading account to cover the AMC charges when they are eventually deducted automatically.
