What are Account Maintenance Charges in Nuvama?

The account maintenance charges in Nuvama are as follows.

Lite Plan:

In the first year, annual maintenance is free. From the second year onwards, there will be an annual charge of Rs. 300 plus tax.

Elite Plan:

In the first year, there is no charge for annual maintenance. In the second year, there will be an annual charge of Rs. 500 plus tax.

When stocks or securities are transferred from your demat account to another demat account, an inter-settlement fee is applied. This fee is important when you sell securities and the units are transferred from your demat account to someone else’s demat account.