AMC Full Form is Annual Maintenance Contract. This term is associated with the services that are rendered by a company to its customers. It is a contract through which the customer agrees to take the services of the company to maintain their products for a fixed rate. AMC involves in the service personals of the company visiting the customer to perform regular check-ups, cleaning, and maintaining the products.
Since AMC refers to annual contract, it has to be renewed each year with the minimum charge for the services to continue. There are different types of contracts in AMC, based on the type of product, frequency maintenance required, and other factors. AMC saves customers from unexpected malfunctioning of their products, as the experts will be able to identify and rectify any faults in advance.