Multiple choice

Which of the following is not one of the major charges usually levied on a Demat account?

  1. Account opening fee

  2. Annual maintenance fee

  3. Annual fee for spot conversions of one currency into another

  4. Custodian fee

  5. Transaction fee
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Demat account charges typically include account opening fees, annual maintenance charges, custodian fees, and transaction fees. These are standard operational costs for maintaining electronic securities. Option C describes 'Annual fee for spot conversions of one currency into another' - this is a forex/foreign exchange service charge, completely unrelated to Demat account operations. Currency conversion is not a function performed by Demat accounts, making this the option that is NOT a major charge on Demat accounts.

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