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ICICIDirect Vs Karvy Demat Account Comparison

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

Find out ICICIDirect Vs Karvy which is better demat account and ICICIDirect Vs Karvy which is best demat account.

Our ICICI Securities Pvt Ltd. demat account comparison with Karvy Stock Broking Ltd highlights the major differences between two brokers. Find the best demat between ICICIDirect and Karvy.

ICICIDirect Vs Karvy

  ICICI Securities Pvt Ltd. Karvy Stock Broking Ltd
ICICI Securities Pvt Ltd. Logo Karvy Stock Broking Ltd Logo
About the Broker

ICICI Bank is India's largest private sector bank with total assets of Rs. 6,461.29 billion (US$ 103 billion) at March 31, 2015 and profit after tax Rs. 111.75 billion (US$ 1,788 million) for the year ended March 31, 2015. ICICI Bank currently has a network of 4,050 Branches and 12,817 ATM`s across India.

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 12014300 12014400
Contact Info

ICICI Bank Tower, 5Th Flr South Wing,
Tower ii, Plt No 12 Financil Dist,
Gachibowli Hyderabad,
Andhra Pradesh, India - 500032

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

Services Offered

ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries in the areas of investment banking, life and non-life insurance, venture capital and asset management.

  • 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

ICICIDirect Vs Karvy Demat Account Opening Charges

  ICICI Securities Pvt Ltd. Karvy Stock Broking Ltd
Demat Account Opening Fee

Stamp Duty at actuals

Nil

Demat Account AMC

For Individual account: Rs 500 p.a.

For Corporate account: Rs 1500 p.a.

  • 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 0 for ICICI Bank customers.

Rs 7500 for Non ICICI BANK customers.

Nil

ICICIDirect Vs Karvy Demat Charges

  ICICI Securities Pvt Ltd. Karvy Stock Broking Ltd
Dematerialisation Charges

Rs 50 Per Demat Request Form and Rs 10 For Each Certificates

  • Rs 5 per certificate + Rs 40 for courier charges;
  • For BSDA Accounts: Rs 10 per certificate + Rs 50 courier charges
Rematerialisation Charges

Rs 30 + CDSL charges at actual

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

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

For Normal Market & Off Market sell (0.04% of trans value for each CID)(subject to minimum Rs 30)

For Debt instruments Market & Off Market sell (0.04% of trans value for each CID)(subject to minimum Rs 30 & maximum Rs 500 )

  • 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

0.03% or minimum of Rs 50

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

Pledge Creation Confirmation Charges

0.03% or minimum of Rs 50

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

Pledge Invocation Charges

0.03% or minimum of Rs 50

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

Failed Instruction Charges

Rs 30

Rs 100 per instruction

Other Charges

1. Mailing charges for non periodic statements and other communication, Rs 50 for inland and Rs 500.0 for foreign address.

2. Rs 200 for restoring services if account is suspended for non payment of charges.

  • 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

  ICICI Securities Pvt Ltd. Karvy Stock Broking Ltd
Contact broker for Demat Account related enquires:
  ICICI Securities Pvt Ltd. Karvy Stock Broking Ltd
Find more info about broker
Enquire about ICICIDirect Enquire about Karvy
Compare More Demat Accounts

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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