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Karvy Demat Account Charges, Review, Opening

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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)

Number of offices: 900+
Presence in number of cities: 400+
Number of employees: 16,000
Products offered: Equity, Derivatives, Mutual Funds, Currencies, Commodities, SIP and Depository Services

Services Offered by Karvy Depository Services

e-Services (to handle demat account online)
Dematerialization (to convert physical shares to electronic)
Rematerialization (to convert electronic shares in Demat to shares on paper certificate)
Pledge (to pledge securities to avail a loan)
Account Transfer (to transfer securities to another demat account)
IPO's (IPO allotment, bonus and rights issues are credited automatically)
Corporate Actions (Dividend, interest or non-monetary benefits like bonus, rights, etc are settled automatically)

Zero AMC Demat Account (Lifetime Free Demat)

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.

Karvy Demat Account Review

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.

Karvy Demat Acct Opening Fee

To open a new demat account with Karvy, customer has to pay demat account opening fee. Most share brokers also charge Annual Maintenance Charges (AMC). AMC is yearly fee charged to the customer to maintain the demat account with the broker. Find the Karvy Demat Account Opening Charges and Karvy AMC as below:

Karvy DP Account Opening Fee: ₹0
Karvy DP Account AMC: ₹420
Share Debit Transaction Fee: ₹15 per transaction
Is demat account mandatory?: No