SAMCO AMC Charges

SAMCO Securities is one of the renowned trading brokers in the Indian Stock Market. One of the charges is known as SAMCO AMC Charges.

SAMCO Account Opening costs the trader nothing, but maintaining the account requires paying a few additional charges.

After more than 660 lakh processed transactions, SAMCO has become a trusted name for traders trading in various financial instruments.

SAMCO Securities offers its customers trading options in Commodity, Equity, Derivatives, Currency & much more. Why not explore SAMCO Products that they offer and invest accordingly.

Some of you would be wondering what does AMC stands for, right? For the newbies here, Annual Maintenance Charges is the full form of AMC. 

When you open a SAMCO Demat account, you are required to pay a fixed percentage of trade as commission, compulsory fees & AMC.

At the end of the article, you would feel that SAMCO trading has become easy with the AMC charges. By the end of this review, your queries regarding SAMCO AMC Charges would be sorted.

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 Annual Maintenance Charges

SAMCO Securities informs its customers about the additional charges beforehand to avoid confusion and enhance the customer experience.

Excluding AMC, these charges are – Demat Charges, Remat Charges, Pledge Charges, and Delivery Charges.

Also, know about the Pledge of Shares, and Pledge Of Shares Meaning

SAMCO has two categories of Demat account & thus different charges for each.

1. Individual Retail Investors

For the individual traders, SAMCO levies a minimal charge of ₹400, excluding the applicable taxes.

      2. Non-Individual Customers

Non-Individual Customers are Companies, Trusts, etc. SAMCO levies an AMC charge of ₹800, excluding the applicable taxes.

For a simplified understanding, they are:

 

SAMCO Securities offers both online & offline process for their customers to start their trading journey. There are 3 ways to start an account with them, listed below:  

1. Opening an account in SAMCO has been made hassle-free, paper-free & time-saving with the accessibility to the internet. To get connected to SAMCO, all you need to do is log on to their website & click on the ‘Open An Account’ tab.

The steps to be executed are stated precisely & are simple to follow.

       2. Those who wish to do it the old style can download the account opening form, attach the necessary documents & post it to the certified address. 

       3. Lastly, you can visit the Mumbai office of SAMCO Securities & open the account in person. The directions for which will be provided by the staff.

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Culminating impression

As it is said – To earn money, you need to spend money. Every broker follows this line with utmost sincerity, SAMCO being no exception.

SAMCO AMC Charges levied on individual investors is ₹400+taxes & for corporates or non-individual traders is ₹800+taxes.

These charges are in addition to a variety of other charges imposed by either the broker you subscribe to or are levied by the regulatory body/ government in the form of taxes.

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Are you willing to open a Demat Account? Please refer to the below form

 

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