Why does Prostocks charge ?1000 deposit?

Almost all stock brokers in India take Annual Maintenance Charges (AMC) for the demat account with them. The AMC ranges from Rs 600 to Rs 1200 per year and paid quarterly to the broker.

Prostocks offer an AMC free demat account. The customer doesn't have to take the hassle to pay these charges every 3 months for life. You just pay a one-time refundable security deposit of Rs 1000. The Rs 1000 is refunded back to you when you close the demat account.

This is the cheapest and most convenient demat account available in India stock market today.

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