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Aditya Birla Money Vs Karvy Demat Account Comparison

The side-by-side comparison of Aditya Birla Money and Karvy Demat Account. Compare Aditya Birla Money Vs Karvy Demat account charges, AMC and Fees. Read Karvy and Aditya Birla Money demat account review.

Find out Aditya Birla Money Vs Karvy which is better demat account and Aditya Birla Money Vs Karvy which is best demat account.

Our Aditya Birla Money Ltd demat account comparison with Karvy Stock Broking Ltd highlights the major differences between two brokers. Find the best demat between Aditya Birla Money and Karvy.

Aditya Birla Money Vs Karvy

  Aditya Birla Money Ltd Karvy Stock Broking Ltd
Aditya Birla Money Ltd Logo Karvy Stock Broking Ltd Logo
About the Broker

Aditay Birla Money Ltd (formerly known as Apollo Sindhoori Capital Investments) deals into equity and derivatives market through BSE and NSE. Company also provides commodity trading on MCX and NCDEX through its subsidiary company, Aditya Birla Commodities Broking Ltd. Aditya Birla Money has its own DP service and registered as a DP with NSDL and CDSL.

Karvy Stock Broking Limited is part of Karvy Group, a Hyderabad based financial service provider offering wide range of services to retail and institutional customers across India. Karvy’s financial services business is ranked among the top-five in the country across its business segments.

Karvyonline is the flagship portal of Karvy Stock Broking Ltd for online trading and investing. Karvy Online offer equity and commodity trading at BSE, NSE, MCX, NCDEX, NMCE and ICEX.

DP ID 12037600 12014400
Contact Info

Ali Centre, No 53,
Greams Road, Chennai,
Tamil Nadu India - 600006

Karvy Millennium, Plot No 31,
P Nanakram Guda Gachibowli,
Hyderabad, Andhra Pradesh, India 500032

Services Offered

Depository Services

  • Equity Broking Services
  • Depository Participant Services
  • Distribution of Financial Products
  • Currency Derivatives
  • Wealth Management Services
  • Portfolio Management Services
  • Karvy Fortune
  • Investment Banking
  • Commodities Broking
  • Non - Banking Financial Service
  • Realty Services
  • Registry Services
  • Forex & Currencies
  • Insurance Repository
Demat Account Enquiry Open Demat Account Online Open Demat Account Online

Aditya Birla Money Vs Karvy Demat Account Opening Charges

  Aditya Birla Money Ltd Karvy Stock Broking Ltd
Demat Account Opening Fee Rs 750

Nil

Demat Account AMC
  1. Normal Scheme: Rs 450 p.a. for Individuals and for Corporates Rs 1000 p.a.
  2. Basic Service Demat Account (BSDA) Account: Nil for holding below Rs 50,000, Holding from Rs 50,001 to Rs 200,000 AMC of Rs 100 p.a., Holding above Rs 200,000 will be charge as applicable to Normal Demat Account.
  3. Lifetime AMC Scheme (Rs 1500 one time): Nil
  • Individuals Account (other than NRI): Rs 500 per year
  • NRI Account: Rs 1500 per year
  • Corporate Account: Rs 5,000 per year
  • Foreign Corporate Body Account: Rs 10,000 per year
Advance Deposit Rs 1500 (Lifetime AMC Scheme)

Nil

Aditya Birla Money Vs Karvy Demat Charges

  Aditya Birla Money Ltd Karvy Stock Broking Ltd
Dematerialisation Charges
  1. Normal Scheme: Rs 5 per certificate plus Rs 50 courier charges.
  2. BSDA Account: Rs 25 per certificate plus Rs 50 courier charges.
  • Rs 5 per certificate + Rs 40 for courier charges;
  • For BSDA Accounts: Rs 10 per certificate + Rs 50 courier charges
Rematerialisation Charges
  1. Normal Scheme: A flat fee of Rs 15 per certificate or Rs 15 for every hundred securities or part thereof, whichever is higher plus Rs 50 courier charges.
  2. BSDA Account: A flat fee of Rs 25 per certificate or Rs 25 for every hundred securities or part thereof, whichever is higher plus Rs 50 courier charges.

Rs 20 for every 100 securities or Rs 20 per certificate whichever is higher

Transaction Charges (Credit or Buy)
Transaction Charges (Debit or Sell)

Market Transactions within Aditya Birla Money POW (Both Market / Off Market):

  1. Normal Scheme: Rs 30 per ISIN
  2. Lifetime AMC Scheme: Rs 20 per ISIN
  3. BSDA Account: Rs 75 per ISIN (Market /Off Market)

For External Broker:

  1. Normal Scheme: Rs 30 or 0.03% on value of securities whichever is higher
  2. Lifetime AMC Scheme: Rs 30 or 0.03% on value of securities whichever is higher
  3. BSDA Account: Minimum Rs 75 per ISIN or 0.05% on value of securities whichever is higher.
  • Sold through Karvy (for Karvy POA registered Account): Rs 12 per instruction
  • For all other transactions Rs 30 per instruction upto a value of Rs 30,000 or part thereof, Rs 10 for every additional value of Rs 30,000 or part thereof, subject to Minimum of Rs 30 and Maximum of Rs 1000 per instruction;
  • For BSDA Accounts: Rs 100 per instruction;
  • For Corporate Accounts (including Foreign Corporate Body accounts): 0.04% of the value of securities, Minimum Rs 100 per instructio
Pledge Creation Charges

Rs 50 per ISIN (for BSDA Accounts, Rs 100 per ISIN)

0.03% of value of securities, Minimum Rs 100 and a Maximum of Rs 5000 Per instruction

Pledge Creation Confirmation Charges

Rs 50 per ISIN (for BSDA Accounts, Rs 100 per ISIN)

0.03% of value of securities, Minimum Rs 100 and a Maximum of Rs 5000 Per instruction

Pledge Invocation Charges

Rs 50 per ISIN (for BSDA Accounts, Rs 100 per ISIN)

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

Rs 50 for re-issuance of DIS Booklet.

  • Rs 100 per Demat Rejection
  • Rs 100 per Client Modification Request
  • Rs 100 per DIS Lost Request
  • Rs 100 per request for physical statements

Contact DP / Request A Call Back

  Aditya Birla Money Ltd Karvy Stock Broking Ltd
Contact broker for Demat Account related enquires:
  Aditya Birla Money Ltd Karvy Stock Broking Ltd
Find more info about broker
Enquire about Aditya Birla Money Enquire about Karvy
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Demat Account Related Abbreviations

  • Demat: Demat Account is an online account to hold the shares in electronic form. They are similar to bank account used to hold money.
  • BSDA: Basic Service Demat Account, a type of account which offers limited services at reduced costs.
  • PoA: Power of Attorney, a legal document giving authority to broker to settle the trades though holding in clients demat account.
  • DIS: Delivery Instruction Slip, Similar to conventional cheque book for demat account. Its is used offline demat account transactions.
  • DPC: Delayed Payment Charges
  • Dematerialisation: Process to converting physical certificates to electronic form.
  • Rematerialisation: Process of converting electronic shares to physical certificates.
  • NSDL: National Securities Depository Limited, the 1st central securities depository. It offer services to hold shares in electronic form on behalf of the customer.
  • CDSL: Central Depository Services (India) Limited, the 2nd securities depository. It also offers service to hold shares in electronic form.



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