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, 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:
|For Resident Retail Customers and Corporates|
|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 about Karvy demat account, Karvy demat account review, Karvy demat account charges, Karvy demat account opening, Karvy dp charges, Karvy demat charges, and Karvy dp id.
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