Online discount brokerage firm SAS Online has launched a Zero annual maintenance charge (AMC) demat account where the company will not charge any amount from its customers to maintain their demat account for lifetime.
The concept of a free demat account is first of its kind where SAS Online will bear the cost of maintaining it lifelong and will not charge its account holders anything, the company said in a statement.
"As a venture started 'By Traders for Traders', we at SAS Online truly make our traders money count. We are charging the lowest per trade from our traders. We are offering an unlimited trade monthly plan as well. Now, with Zero AMC demat account, our customers are saving more money," Siddhant Jain, Co-founder and COO, SAS Online said.
A trader can trade at Rs 9 per trade or enjoy unlimited trading at Rs 999 per month, the statement added.