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Karvy Vs ProStocks Demat Account Comparison

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

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

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

Karvy Vs ProStocks

  Karvy Stock Broking Ltd ProStocks
Karvy Stock Broking Ltd Logo ProStocks 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.

ProStocks (a Sunlight Broking LLP venture) is among the fastest  growing online stock broking company in India. ProStocks offers ultra low cost brokerage and depository services also known as discount brokerage services.

ProStocks is popular broker for Rs 15 Flat Per Trade Plan, Rs 899 Unlimited Plan (Equity and Derivatives) and Rs 499 Unlimited Plan (Currency Derivatives). ProStocks is SEBI registered stock broker and member of BSE, NSE, CDLS.

Zero AMC Demat Account (with one time Rs 1000 refundable deposit) with the Zero Demat Account Opening Fee makes ProStocks Demat Account the cheapest Demat Account in India.

DP ID 12014400 12083200
Contact Info

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

Sunlight Broking LLP,
B-53, Pravasi Industrial Estate,
Goregaon (East), Mumbai - 400063

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
  • Delivery Trading - Equity
  • Intraday Trading - Equity
  • Futures Trading - Equity, Currency, Commodity
  • Options Trading - Equity, Currency
  • Depository Services (Demat Account)
Demat Account Enquiry Open Demat Account Online Open Demat Account Online

Karvy Vs ProStocks Demat Account Opening Charges

  Karvy Stock Broking Ltd ProStocks
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

Nil

Advance Deposit

Nil

Lifetime Zero AMC Scheme - Rs 1000 onetime refundable deposit

Karvy Vs ProStocks Demat Charges

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

Rs 50 per set up + Rs 50 courier charges

Rematerialisation Charges

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

Rs 50 per set up + Rs 50 courier charges

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 8 + Rs 5.50 (CDSL charges) per ISIN

Pledge Creation Charges

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

Rs 50 per set up

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 50 per set up

Failed Instruction Charges

Rs 100 per instruction

Failed transactions Rs 50 per ISIN

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 ProStocks
Contact broker for Demat Account related enquires:
  Karvy Stock Broking Ltd ProStocks
Find more info about broker
Enquire about Karvy Enquire about ProStocks
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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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