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Karvy Vs Nirmal Bang Demat Account Comparison

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

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

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

Karvy Vs Nirmal Bang

  Karvy Stock Broking Ltd Nirmal Bang Securities Pvt Ltd
Karvy Stock Broking Ltd Logo Nirmal Bang Securities Pvt Ltd Logo
About the Broker

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.

Nirmal Bang is an online share & stock market trading company in India. Nirmal Bang is member of NSE, BSE, MCX, NCDEX, NSDL and CDSL.

NirmalBang is a full-service stock broker offering personalized services to its customer in their neighborhood through a number of branch offices, sub-brokers and franchisees located across India. Nirmal Bang is among the largest brick and mortar stock broker in India.

DP ID 12014400 12013300
Contact Info

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

B-101, Khandelwal House Poddar Road,
1st Floor, N R Poddar Park, Malad (E),
Mumbai, Maharashtra, India 400097

Services Offered
  • 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
  • Institutional and retail brokerage of equity, derivatives, commodities and currency
  • Online trading
  • Depository services
  • Initial public offers (IPOs)
  • Mutual funds
  • Fixed beposits & Bonds
  • Dedicated desk for NRIs and institutional clients
  • Insurance broking (both life & general)
  • Clearing services
  • Margin funding
  • Investment banking
  • Portfolio management
  • Wealth advisory & research
Demat Account Enquiry Open Demat Account Online Open Demat Account Online

Karvy Vs Nirmal Bang Demat Account Opening Charges

  Karvy Stock Broking Ltd Nirmal Bang Securities Pvt Ltd
Demat Account Opening Fee

Nil

Nil

Demat Account AMC
  • 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
  • Individual (Regular Demat Account): Rs 200
  • Corporate (Regular Demat Account): Rs 500 + Rs 500 CDSL AMC
  • Life Time free AMC scheme: Nil
Advance Deposit

Nil

Life Time free AMC scheme

  • Individual Account: Rs 1000 One time
  • Corporate Account: Rs 2500 One time + Rs 500 CDSL AMC (Per Year)

Karvy Vs Nirmal Bang Demat Charges

  Karvy Stock Broking Ltd Nirmal Bang Securities Pvt Ltd
Dematerialisation Charges
  • Rs 5 per certificate + Rs 40 for courier charges;
  • For BSDA Accounts: Rs 10 per certificate + Rs 50 courier charges

Rs 40 Per Demat Request + Rs 40 for additional 50 certificates

Rematerialisation Charges

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

Rs 15 per certificate or 0.04% of the value of the securities requested for remat whichever is higher

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

Rs 15 or 0.03% whichever is higher

Pledge Creation Charges

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

Rs 100 or 0.02% whichever is higher

Pledge Creation Confirmation Charges

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

Nil

Pledge Invocation Charges

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

Rs 100 or 0.02% whichever is higher

Failed Instruction Charges

Rs 100 per instruction

Nil

Other 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

  Karvy Stock Broking Ltd Nirmal Bang Securities Pvt Ltd
Contact broker for Demat Account related enquires:
  Karvy Stock Broking Ltd Nirmal Bang Securities Pvt Ltd
Find more info about broker
Enquire about Karvy Enquire about Nirmal Bang
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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