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SBI Securities Vs Karvy Demat Account Comparison

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

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

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

SBI Securities Vs Karvy

  SBICAP Securities Ltd Karvy Stock Broking Ltd
SBICAP Securities Ltd Logo Karvy Stock Broking Ltd Logo
About the Broker

SBICAP Securities Ltd (SSL) is a 100% subsidiary of SBI Capital Markets Ltd which is one of the oldest players in the Indian Capital Market and has a dominant position in the Indian primary capital markets. SBI Capital Markets Ltd. commenced broking activities in March 2001 to fulfill the secondary market needs of Financial Institutions, FIIs, Mutual Funds, Banks, Corporates, High Network Industry, Non-residential Investors and Retail domestic investors. SBICAP Securities Ltd. (SSL) is a company, which has been formed to take over the broking operations of SBI Capital Markets Ltd. SSL commenced operations in the first quarter of financial year of 2006-2007.

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 12047200 12014400
Contact Info

Marathon Futurex, 12th Floor,
A & B Wing N. M. Joshi Marg, Lower Parel,
Mumbai Maharashtra India - 400013

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

Services Offered

Institution Equity, Retail Equity, Derivatives, Broking, Depository Participant services, E-Broking and Currency Derivatives

  • 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

SBI Securities Vs Karvy Demat Account Opening Charges

  SBICAP Securities Ltd Karvy Stock Broking Ltd
Demat Account Opening Fee

Nil

Nil

Demat Account AMC
  1. Individual Account: Rs 750 (Rs 500 for e-statement)
  • 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

Nil

Nil

SBI Securities Vs Karvy Demat Charges

  SBICAP Securities Ltd Karvy Stock Broking Ltd
Dematerialisation Charges

Rs 5 per cert + Rs 35 courier charges per request

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

Rs 35 Per Request + CDSL Charges i.e. Rs 10 per 100 securities or part quantity

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

Transaction Charges (Credit or Buy)
Transaction Charges (Debit or Sell)
  1. Through POA - 0.01% of the transaction value (Minimum of Rs 21 and Maximum of Rs 300) per ISIN
  2. Through DIS - 0.04% of the transaction value (Minimum of Rs 30) per ISIN
  • 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
  1. If SSL / SBI is the counter party: 0.02% of Value or Min Rs 25 whichever is higher + CDSL charges
  2. If SSL / SBI is not the counter party: 0.04 % of the transaction value subject to a Minimum of Rs 50 per ISIN instruction + CDSL Charges

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

Pledge Creation Confirmation Charges
  1. If SSL / SBI is the counter party: 0.02% of Value or Min Rs 25 whichever is higher + CDSL charges
  2. If SSL / SBI is not the counter party: 0.04 % of the transaction value subject to a Minimum of Rs 50 per ISIN instruction + CDSL Charges

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

Pledge Invocation Charges
  1. If SSL / SBI is the counter party: 0.02% of Value or Min Rs 25 whichever is higher + CDSL charges
  2. If SSL / SBI is not the counter party: 0.04 % of the transaction value subject to a Minimum of Rs 50 per ISIN instruction + CDSL Charges

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

Failed Instruction Charges

Rs 10 per failed instruction.

Rs 100 per instruction

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

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