How to maintain balance in Zerodha/Sharekhan for AMC/Demat charges?

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Deal Newbie
dcb_lover

I use to keep Rs500/- balance in my two Zerodha and one Sharekhan accounts for the AMC and demat charges. Now with SEBI rule they keep transferring it back to my bank account every quarter. Recently I logged in Zerodha and saw that my balance is negative and they have also charged some penalty for non payment of AMC i think. I am long term passive investor and have old holdings and don’t want to close the accounts. How to maintain balance without them returning it back, zerodha charges every quarter so its a headache to keep track. 

Thanks.

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Hunk Hunk
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kukdookoo wrote:

@bikidas2060

Bhai he should just transfer the necessary funds every quarter. That’s it. I will point a thing about sharekhan. OP can give 100000 as initial margin and select Plan 7 in HDFC security. His AMC becomes free.
Fyer’s, Motilal Oswal etc provide AMC free DEMAT accounts. 🙂

Deal Subedar Deal Subedar
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I have negative balance in my upstox account and no stock holding, should i pay it or leave it alone ?

Deal Lieutenant Deal Lieutenant
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same problem

Deal Subedar Deal Subedar
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IMO there is no option atleast with Zerodha. They say it is a statutory requirement to settle funds every quarter. Hence this problem. No other option but to keep transferring ₹100 every 3 months with a calender reminder.

Deal Cadet Deal Cadet
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I logged in my zerodha now after about 1.5 years and see zero balance only. No negative balance for me.

Deal Subedar Deal Subedar
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Knight11 wrote:

I logged in my zerodha now after about 1.5 years and see zero balance only. No negative balance for me.

It’s your only demat account and your holding is below 50k?

Deal Cadet Deal Cadet
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prem4998 wrote:

It’s your only demat account and your holding is below 50k?

Yeah only account and no holdings. Made just for trials, but didn’t use then.

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