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Zerodha Vs Karvy Demat Account Comparison

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

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

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

Zerodha Vs Karvy

  Zerodha Karvy Stock Broking Ltd
Zerodha Logo Karvy Stock Broking Ltd Logo
About the Broker

Zerodha is a Bangalore based discount stock broker offering flat ₹20 per trade in Equity Cash, Equity F&O, Currency F&O and Commodities. Zerodha launched its online trading services on 15th Aug 2010 and in first 7 years Zerodha made around 7 lakhs customers.

With innovative trading platform and tools along with the cheapest brokerage, Zerodha is fastest growing financial firm in India offering stock brokerage and depository services.

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 12081600 12014400
Contact Info

No. 153/154, Ground Floor,
4th Cross, J P Nagar, 4th Phase,
Bangalore Karnataka India - 560078

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

Services Offered

Stock Broking, Demat Accounts, Stock Broking, Mutual Funds

  • 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

Zerodha Vs Karvy Demat Account Opening Charges

  Zerodha Karvy Stock Broking Ltd
Demat Account Opening Fee

₹50 (Stamp charges payable upfront)

Nil

Demat Account AMC

Individuals/Non Individual (except Corporate) - ₹300 + GST
Non Individual - Corporate - ₹1000

  • 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

₹0

Nil

Zerodha Vs Karvy Demat Charges

  Zerodha Karvy Stock Broking Ltd
Dematerialisation Charges

₹150 per certificate (+ ₹100 Courier charges)

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

₹150 per certificate + CDSL charges + ₹100 Courier charges

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

Transaction Charges (Credit or Buy)
Transaction Charges (Debit or Sell)
  • Market Trades: ₹8 + ₹5.5 (CDSL charges)
  • Off-Market Trades: 0.03% of ₹25 whichever is higher
  • 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

₹20 + ₹12 per request (CDSL charges)

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

Pledge Creation Confirmation Charges

₹0

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

Pledge Invocation Charges

₹20

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

Failed Instruction Charges

₹50 per ISIN

Rs 100 per instruction

Other Charges
  • Cheque Bounce: ₹350
  • Physical Statement - ₹50 (+Courier charges at actual)
  • Modification in CML - ₹25 per request
  • KRA Upload / Download - ₹50 per request

Note: Interest at 18% p.a is charged on the outstanding bill amount if not paid within the due date.

  • 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

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