Karvy Vs GCL Securities Demat Account Comparison

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.

GCL Securities Private Limited, popularly known as GCL Securities or GCL Broking Broking, is a full-service broker providing a wide range of services to its customers. The company offers to invest in Equity, Derivatives, Currency, Commodity, Mutual Funds, IPO, and Fixed Income. GCL Broking offers free trading and Demat account opening to its customers.

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

3rd Floor, Raghukul Tower, Khatipura T-point, Siris Road, Jaipur-302021

• 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

Trading and Depository Services. The depository services include account opening, Demat requests, Remat requests, redemption, account transfer instructions, account closure, pledge creation, confirmation, closure, invocation, margin pledge, unpledge, repledge etc.

Nil

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

GCL Securities offers Standard and Lifetime AMC Plans to individual customers to opt for.

1. Basic Standard Plan: ₹300
2. Lifetime AMC Free Plan (One Time - Non-refundable): ₹1,250

Nil

Nil

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

₹10 per certificate + ₹30 courier charges

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

Actual CDSL Charges + ₹30 per request as courier charges

• 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

₹11 per transaction + GST (within GCL) and ₹21 per transaction + GST (outsideGCL)

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

₹25 per ISIN + GST and for BSDA - ₹75

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

₹25 per ISIN + GST and for BSDA - ₹75

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

₹25 per ISIN + GST and for BSDA - ₹75

Rs 100 per instruction

Nil

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

Additional request for account statement or DIS: ₹25 and for BSDA ₹50 per booklet.