Comment on Account Opening Documentation & Charges

Hanan commented on 01 Jul 2014, 07:58 PM

Heba, yes, there’s some confusion about AMC and DP charges combined in the IL&FS bill that is sent to you. We’re in talks with them to have this changed at the earliest.

In the meantime, I’d like to assure you that you need to pay only your AMC which is Rs. 400 every year (plus taxes). If this is paid, don’t worry about it. If you have paid additionally, it’ll get adjusted with your next billing cycle, so you don’t have to worry about it.

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