Open Karvy Account | Karvy Account Opening Online Process Review

-99.15% 2,064 Clients

Alert! 25th Nov 2020 - NSE, BSE terminate Karvy's membership.

Alert! Friday, 22 Nov, 2019 SEBI barred Karvy Stock Broking Ltd. from taking on new clients after finding alleged client fraud. Read SEBI Notice and News for more detail.

Note: Karvy will continue serving their existing clients as they were before. They can trade, manage demat accounts, apply in IPO or close the account anytime. Only the new account opening is prohibited.

Karvy Customers,

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Karvy Account Opening Charges 2021

Karvy account opening charges are Rs 650 for a trading account and Rs 0 for Demat account. Karvy charge Rs 420 AMC for Demat account.

Trading Account Opening ChargesRs 650
Account AMC ChargesRs 0
Demat Account Opening ChargesRs 0
Demat AMC (Yealy)Rs 420

Karvy Stock Broking Ltd is among popular stock broker in India. Karvy Stock Broking business is part of Karvy Group, a Hyderabad based diversified financial products and service provider in India since 1982. Karvy is famous for its services as registrar and securities transfer agent.

Karvy started its brokerage business in Year 2004. Karvy's stock broking business has grown quickly through a network of branch offices, sub-brokers and franchises.

Karvy offers products including Equity, F&O, Currency, Commodity, Mutual Fund, Exchange Traded Funds, IPOs, Bonds / NCDs, Corporate FDs and Margin Funding.

Services offered by Karvy also include Equity Research, Investment Banking, NRI Trading and Depository Services (Demat Account).

Karvy Account Opening

To trade or invest with Karvy, investor need a trading and demat account with Karvy. Karvy offers online trading in equity, commodity and currency derivatives at BSE, NSE and MCX.

Karvy account opening process is simple and quick. Karvy offers both online and conventional way (by signing paper forms) to open an account. Karvy has local presence (through branch offices, sub-brokers and franchisee) in the neighborhood of most of the prospectus customers in India.

Open an Account with Karvy in 2 easy ways

If you are interested in opening an account with Karvy, you could follow one of the below two options:

  1. Online Account Opening (Express Account 2.0 or e-KYC)

    Karvy is among few stock brokers in India offering 15 minutes online account opening. Customer who choose this way of account opening gets total Rs 5000 brokerage credit (Rs 1100 max in each trading segment) against trading done in first 30 days.

    The online account opening process uses e-KYC (Know your customer) facility which allows customer to complete KYC process either through AADHAAR number validation or through video verification.

    Note that to open account online using eKYC facility, person should have valid mobile number registered in AADHAAR database. A one-time-password is sent to the mobile number registered with AADHAAR to validate your identity and create digital signature on your behalf.

    Steps to open Online Trading Account with Karvy:

    1. Fill basic details on
    2. Upload required scanned documents
    3. Complete in-person verification process over video call
    4. Allow digitally sign the document through AADHAAR verification
    5. Account activation

    If everything in place, it takes just few minutes to open and activate an account online with Karvy.

  2. Visit Karvy Branch or Sub-broker

    Find the local Karvy branch office or a sub-broker. You could visit the office or give them a phone call. They will arrange a personal visit to open an account for you. The representative will help you understand the offerings, fill the forms and collect required documents required for account opening. A passport photograph and personalized cheque is required.

Account types offered by Karvy

Karvy offers 3 type of accounts:

  1. Zero Account

    Key features of Zero Account:

    • Zero account opening fees for demat and trading a/c
    • Upfront payment of minimum Rs 10,000 as a margin
    • Free e-Insurance Account
    • Zero AMC for 1 year
    • Daily research reports through SMS / Email
    • Premium subscription plan are available
    • Pay one time Rs 1200 and get lifetime free AMC
  2. Express Account

    Key feature of Express Account:

    • Open account online with eKYC and digital signature in just few minutes
    • Get access to your account instantly
    • Premium subscription plan are available
    • Pay one time Rs 1200 and get lifetime free AMC
  3. Priority Account

    Key features of Priority Account:

    • Offers investment strategies in equities based on Techno-Funda Analysis
    • Access to dedicated relationship managers and equity advisors
    • Access to research team
    • All requests and applications made by you are processed on priority.
    • A range of service requests are processed over the counter.

Karvy Account Opening Specials

Karvy offering Rs 5500 brokerage credit on account opening.


  • The credit is available for trading done in first 30 days.
  • The maximum credit taken per segment is Rs 1100.

Karvy Account Opening Status

To check the account opening status, please call your relationship manager who helped you with filling the form or visit local Karvy branch.

The account opening application can also be tracked on its website by providing application number and PAN Number.

Karvy Account Opening Forms

Karvy demat account opening form in pdf are not available online. Visit Karvy branch or sub broker office to get the account opening forms.

Karvy Account Closure Procedure

Karvy charge AMC for Trading and Demat Account based on the plan you choose. If you are not using the account, it is recommended to close it. This saves on the charges and also reduce chances of your account misuse by someone else.

Steps to close the trading and demat account with Karvy:

  1. Download the 'ANNEXURE Q - APPLICATION FOR CLOSING DEMAT & TRADING A/C' from its website.
  2. Clear pending balance, if any.
  3. Provide the information about where the demat holding should be transferred.
  4. Sign and submit the form to one of the branch.

Frequently Asked Questions

  1. 1. What account types are offered by Karvy?

    Karvy offer 3 types of accounts.

    1. Zero Account
    2. Express Account
    3. Priority Account


  2. 2. Can I have more than 1 trading account with Karvy with same name?

    No, it's against the law to have multiple account with same name with the same broker.


  3. 3. Can I have more than one demat account with Karvy?

    Yes, customer can have as many demat account as they want with Karvy. But note that only 1 trading account can be opened with Karvy on an individual name.


  4. 4. How to close Karvy Demat account?

    After the traditional system replaced by electronic trading platforms holding share certificates in physical form became a past. After the introduction of dematerialization, most investors transferred their physical shares in electronic form in demat account.

    It's very common that many people open a demat account because of zero account opening charges but often don't actively use it later. When a demat account is not operated for a long time it is named as inactive by the DP. Your account won't be classified as inactive account or dormant if the account holder has paid their annual maintenance fees on time. Many times account holder is not aware of those maintenance charges. To avoid those charges close your account if it's idle for a long time.

    Note that:

    1. If all the payments are settled and the demat account has no holdings, the account holder can easily close the demat account
    2. If the demat account holds securities, first they have to be transferred in other account or customer can dematerialize it in physical form.
    3. If there is any negative balance in the account, it has to be clear before submitting closure request.

    After completing the above formalities, the customer has to follow the below steps:

    1. Print the form. Account closure form can be downloaded from the DP website or from the broker website.
    2. Submit duly filled and signed form to the nearest branch
    3. Or Send duly filled and signed form to the given address on the form

    Once all the required documents are submitted, it normally takes 5 to 7 working days to process the request.


Karvy Competitors Review

Information on this page was last updated on Saturday, June 6, 2020


sushil varma
1. sushil varma  Aug 6, 2017 02:24 I Like It. | Report Abuse Reply 0


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