-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,
Karvy Stock Broking Limited (Karvy) is a SEBI registered Stock Broker, Depository Participant, Portfolio Manager and the distributer of financial products in India. Karvy offers trading services at BSE, NSE and MCX since 2004.
Karvy Stock Broking is part of Karvy Group, a Hyderabad based diversified financial service provider. Karvy group was founded in 1982. Karvy group of companies serve over 7 crore customers and over 800 corporates.
Karvy is an electronic custodian registered with the National Securities Depository Ltd (NSDL) and Central Securities Depository Ltd (CSDL). Karvy offers depository participant services (mainly Demat Account related services) to retail and corporate customers since in 1998.
The Karvy Demat Account can be access online as well as offline through the network of branches. Karvy's Online DP Services provide secure access to the Demat Account online.
Products offered by Karvy Stock Broking includes.
Facts about Karvy Stock Broking (As of Dec 2016)
Karvy offers Zero AMC Demat Account when customer pays Rs 1200 onetime fee. Note that this is not a refundable deposit. But if customer decide to close the account within the period of 6 years, the refund will be made after deduction of relevant Annual charges.
The demat account provided by Karvy has all standard features. Karvy demat account is well integrated with its trading account for seamless transaction. The demat account can accessed online any time and anywhere. The account can also be accessed by visiting Karvy branch offices.
Karvy offers Demat Account through both NSDL and CDSL.
The AMC charges of Rs 500 per years is on higher side. They also offer AMC free account with Rs 1200 upfront onetime payment. Brokers like ProStocks offer Zero AMC Demat account with Rs 1000 refundable onetime deposit.
To open a new Demat account with Karvy, the customer may have to pay Demat account opening charges. The broker may also charges Annual Maintenance Charges (AMC), a yearly fee to maintain the Demat account.
Service | Charges |
---|---|
Demat Account Opening Fee | Rs 0 |
Demat Account Annual Charges (AMC) | Rs 420 |
For Resident Retail Customers and Corporates | |
---|---|
Particulars | Charges |
Account Opening Fee | Nil |
Closure of Account | Nil |
First Year AMC | Nil |
Annual Maintenance Charges | Rs 500 |
Transaction Charges (Debit) | Rs 12 per instruction (CDSL) |
Demat Charges | Rs 5 per certificate + Courier Charges Rs 40 |
Remit Charges | Rs 20 for every 100 securities or Rs 20 per certificate whichever is higher |
Pledge Creation | 0.03% of value of securities, Minimum Rs 100 and a Maximum of Rs 5000 Per instruction |
Pledge Closure | 0.03% of value of securities, Minimum Rs 100 and a Maximum of Rs 5000 Per instruction |
Pledge Invocation | 0.03% of value of securities, Minimum Rs 100 and a Maximum of Rs 5000 Per instruction |
Failed instruction charges | Rs 100 Per instruction |
Other Charges | 1. Rs 100 per Demat Rejection 2. Rs 100 per Client Modification Request 3. Rs 100 per DIS Lost Request 4. Rs 100 per request for physical statements |
Information on this page was last updated on Saturday, June 6, 2020
Add a public comment...
Best of
Top Stock Brokers in India Top 10 Discount Brokers Top 10 Full-Service Brokers Lifetime Free Demat Account Best Broker for Beginners More Reports...Reviews (Discount Broker)
Zerodha (₹20/trade) Edelweiss (₹10/trade) Upstox (₹20/trade) 5paisa (₹20/trade) ProStocks (₹899 Unlimited) More Brokers...Reviews (Full-service)
ICICI Direct Motilal Oswal HDFC Sec Sharekhan IIFL Securities More Brokers...Compare Brokers
Broker Articles / Tutorials Compare Share Brokers Side-by-Side Comparison Broker Complaints Monitor Broker Glossary Special OffersTrading Platform Reviews
Zerodha Kite Review Sharekhan TradeTiger Omnesys NEST Review ODIN Review NSE NOW Review More Reviews...Options Basics
Options Trading HomepageBroker Reviews
Zerodha Review 5paisa Review ProStocks Review Sharekhan Review Angel Broking Review ICICI DirectOptions Trading Platform
Kite Zerodha Trade Tiger Sharekhan Omnisys NEST Upstox RKSV Fyers One Fyers ScalperT FinvasiaBest of
NRI HomepageNRI Trading Guide
Trading Account Basics Trading Requirements Demat Account Explained USA NRI Trading Account Trading in Derivatives More Articles...History of Chittorgarh
History of Chittorgarh Maharana Pratap Meera Bai Panna Dhai Rani Padmini Jainism & Chittor (Hindi)Chittorgarh City Info
Chittorgarh City Map Hotels / Resorts Sainik School Chittorgarh Cement Industry Hindustan Zinc