Free Trading + Demat Account

Karvy Stock Trading, Demat, Brokerage and Reviews 2019


-0.92% 265,798 Clients

Incorporated in 1990, Karvy Stock Broking Ltd (KSBL) is part of KARVY Group; one of India's leading financial services company provides stock broking and research advisory services.

They offer Customized investment solutions to corporate, institutions and individual investors through its wide network of offices. Using their combine account facility one can trade in Equities, Derivatives, Currency or invest in IPOs, Mutual funds or NCDs under one roof.

Based in Hyderabad they are among one of the top 10 broker house in India. Some add on tools provided by KSBL like monthly magazine, Finapolis, which analyzes personal finance and offers share market tips, weekly e-newsletter Karvy Bazaar Baatein which keep informed on key trends in personal finance and stock market, trendsperiodic macroeconomic reports etc. They also offer special portfolio analysis packages and provide customized advisory services to help trader make the right financial moves to specifically suit their portfolio.

Special Offer: Zero account opening fee (₹650 waived) + Get up to ₹5500 brokerage back. Request a Callback.

Karvy Ratings

Overall Rating Rated 2.1 stars 2.1/5
Fees Rated 2.7 stars 2.7/5
Brokerage Rated 2.4 stars 2.4/5
Usability Rated 2.8 stars 2.8/5
Customer Service Rated 2.4 stars 2.4/5

Based on 21 Votes by Karvy Customers

Do you trade with Karvy? Rate Karvy

Information about Karvy account opening, Karvy open account, Karvy opening charges, Karvy account opening charges, Karvy account opening status, Karvy amc charges, Karvy account charges, Karvy account closure


Karvy's Trading Platforms

Karvy Stock Broking offer multiple trading platforms based on customers investment style and needs.

  1. Karvy Online Web

    Karvy Online Web or Xpress platform is a web based trading platform which is also works great on low bandwidth. It provides secure and real time access to news, quotes, and trading. It provides convenience to trade anywhere on mobiles, laptop and tablet. Using this platform trader can place, modify, or cancel orders, view order book, trade book, Intraday book and back office reports and real time news.

  2. KarvyOnline Mobile Trading App

    KarvyOnline Mobile Trading App is a mobile platform which allows trader to execute trades on the move as well as access stock market news, currencies, commodities, quotes of NSE & BSE and many more updates instantly. KarvyOnline mobile app is available in Android Google Play and iPhone App Store for free.

  3. Karvy Nest Trder

    Karvy Nest (Next Generation Securities Trading System) Trader is desktop based front-end application that allows a trader to perform several trading functions. Karvy NEST Web is fast, convenient and secure mode for trading activities. It allows the investor to do all the things that are possible from a Trading Work Station (EXE) and more like view orders, trades and positions data, advance charting, view Market Picture and add-on tools to receive alerts, send internal messages etc.

Read Karvy Trading Software Review for info about Karvy platform, Karvy trading platform, Karvy trading software, Karvy trading demo, Karvy Demo, Karvy download, Karvy software download, Karvy software, Karvy stop loss, Karvy trading and Karvy trading account.

Karvy Special Offers

Karvy - Zero Account Opening Fee + Up to ₹5500 Brokerage Refund

Open Demat and Trading account with Karvy Stock Broking for free (₹650 waived) and get up to ₹5500 brokerage back based on the brokerage generated for the period of 30 days from account opening.

Interested in opening a trading account? Request Callback from Karvy Stock Broking.


Karvy Brokerage Charges 2019

  • Trading Account Opening Charges (One Time): Rs 0
  • Trading Annual maintenance charges (AMC): Rs 0
  • Demat Account Opening Charges (One Time): Rs 0
  • Demat Account Annual Maintenance Charges (AMC): Rs 500 (Rs 0 for 1st year)

Karvy brokerage plans:

  1. Basic Plan

    In this plan the brokerage is charged in % of the transaction. The brokerage charged in this plan is as below:

    • Equity Delivery: 0.3%
    • Equity Intraday: 0.03%
    • Equity Future: 0.03%
    • Equity Options (Each Lot): Rs 50
    • Currency Future: 0.03%
    • Currency Options (Each Lot): Rs 50

Karvy Brokerage Charges in Detail

Karvy ChargesEQUITY DeliveryEQUITY Intraday
STT0.01% on both Buy and Sell0.025% on the Sell Side
Transaction Charges0.00325%0.00325%
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge18% on Brokerage + Transaction Charge
SEBI Charges15 Rs/Crore15 Rs/Crore
Stamp Duty0.01% subject to a maximum of Rs 50 - Varies by State 0.01% subject to a maximum of Rs 50 - Varies by State
Karvy ChargesFuturesOptions
STT0.01% on Sell Side0.017% on Sell Side(on Premium)
Transaction Charges0.0023%0.055% on premium
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge18% on Brokerage + Transaction Charge
SEBI Charges15 Rs/Crore15 Rs/Crore
Stamp Duty 0.01% subject to a maximum of Rs 50 - Varies by State0.01% subject to a maximum of Rs 50 - Varies by State
Karvy ChargesCurrency FuturesCurrency Options
STTNo STTNo STT
Transaction Charges0.00325%0.00325%
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge18% on Brokerage + Transaction Charge
SEBI Charges15 Rs/Crore15 Rs/Crore
Stamp Duty0.01% subject to a maximum of Rs 50 - Varies by State0.01% subject to a maximum of Rs 50 - Varies by State
Karvy ChargesCommodity Futures
CTT0.01% only on the sell side
Transaction Charges0.003%
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge
SEBI Charges15 Rs/Crore
Stamp Duty (Maharashtra)0.01% subject to a maximum of Rs 50 - Varies by State

Karvy Charge Structure Explanation:

  • STT: This is charged only on the sell side for intraday and F&O trades. It is charged on both sides for Delivery trades in Equity.
  • Stamp Duty: Charges based on the state the customer is located in.
  • Goods and Services Tax (GST): This is charged at 18% of the total cost of brokerage plus transaction charges.
  • SEBI Turnover Fees: This is charged at Rs 15 per Crore.
  • Transaction Charges: This is charged at Rs 325/crore for Equity, Rs 230/crore for Futures, Rs 5500/crore on premium for options.

Useful Articles:

Karvy Depository Service Charges

For Resident Retail Customers and Corporates
Particulars Charges
Account Opening Nil
Closure of Account Nil
First Year AMC Nil
Annual Maintenance Charges Rs 500
Demat Charges Rs 3 per certificate + Courier Charges Rs 25/-
Pledge Creation Rs 50
Pledge Closure Rs 25
Pledge Invocation Rs 25
Rejection / fails Nil

Check out Karvy Brokerage Charges, Fees, AMC, Transaction Charges. Get detail about Karvy pricing, Karvy brokerage calculater, Karvy brokerage, Karvy plans, Karvy brokerage review, Karvy brokerage plans, Karvy fund transfer, Karvy intraday brokerage, Karvy charges, Karvy charge list, Karvy charges calculator, Karvy prepaid brokerage plans, Karvy yearly charges, Karvy fees, Karvy yearly maintenance charge, Karvy option brokerage and Karvy trading charges.

Contact Karvy / Request Call Back

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Karvy Pros and Cons

Karvy Advantages

  1. Karvy offers single login for trade in Equities, Currencies and F&O.
  2. Karvy offers investment in IPO and Mutual fund.
  3. Karvy provides 60 types of technical charts.
  4. Karvy offers free research reports to its customers.
  5. Karvy offers zero demat AMC for first year
  6. Karvy offers Live chat, classroom sessions, webinars, Online Tutorials and Articles by Experts to help beginners understand basics.

Karvy Disadvantages

  1. Karvy doesn't offer 3 in 1 account.
  2. Brokerage rates are negotiable.
  3. Karvy doesn't have referral programs.
  4. Karvy is a full services broker so the brokerage charged by them is higher than the discount brokers.

Karvy Exposure Margin

Karvy leverage for intraday, delivery, options, currency and commodities. Read Karvy exposure limit review.

SegmentExposure Margin
Equity DeliveryUpto 5x with 24% interest per year
Equity IntradayUpto 20x
Equity FutureUpto 4x
Equity OptionsUpto 4x for shorting
Currency FutureNil
Currency OptionsNil
Commodity FutureUpto 4x
Commodity Options

Karvy Complaints received at BSE/NSE

Number of customer complained against Karvy Stock Broking Ltd share broker. The Karvy Stock Broking Ltd consumer complaints provide the summary of grievance which went to exchange for resolution.

Karvy Customer Complaints

Exchange Financial Year Number of Clients * Total Complaints **
BSE 2019-20 20,737 10
NSE 2019-20 265,798 69
BSE 2018-19 39,838 36
NSE 2018-19 268,272 241
BSE 2017-18 77,702 50
NSE 2017-18 244,753 225
BSE 2016-17 52,545 25
NSE 2016-17 181,384 150
BSE 2015-16 37,334 38
NSE 2015-16 166,923 191
BSE 2014-15 26,284 31
NSE 2014-15 172,489 173
BSE 2013-14 518,521 29
NSE 2013-14 126,308 113
BSE 2012-13 464,143 40
NSE 2012-13 555,326 114
BSE 2011-12 427,708 77
NSE 2011-12 580,994 142

* Number of active customers. As per SEBI guidelines each broker reports the detail of active clients to the exchange through unique client code (ucc) process every month.

** The total number of complaint received against the broker at the given exchange.

Enquiry Form


46 Comments

S.Verma
46. S.Verma  Jul 28, 2019 22:28 Reply
I open dmat in karvy to 2015.
I trading in there both intraday and delivery .
A---- when I gain profit in there I paid heavy brokerage which is bigger than profit.and B---- when I take losses.the loss is lighter than brokerage charges.
C--- advisory is poor.same like indore.
D---- brokerage is much higher.
E------ broker support is poor, non
coperative, inefficient just like sbi
employees.
F----- karvy broking firm is share market
post office.NO DOUBT👎
TEJASWINI MALKAJGIRI
45. TEJASWINI MALKAJGIRI  Apr 19, 2019 10:09 Reply
I had been trading in Karvy's demat account since May 2018 and it was a good experience. I had enough support provided by my advisor and the responses were timely.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Above Average
Overall Experience - Average
PRADEEP K NAIR
44. PRADEEP K NAIR  Mar 12, 2019 16:59 Reply
I've been asking for the bonus shares for almost 2 weeks now and I always get an auto response and and copy/paste answer. After providing all the requested details, it still goes to deaf ears. They don't read your email.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
Dilip rai
43. Dilip rai  Feb 13, 2019 11:43 Reply
Very poor service i am going to close my account with CARVY because they are not helpful.
Fully misguiding to investors and without information they have banned various stock which is already traded at present in BSE and NSE.
That means if u have a stock which u want to sell that is already blocked by CARVY only this is totally unlawful, investor made fool by CARVY.
ASHISH KUMAR YADAV
42. ASHISH KUMAR YADAV  Jan 4, 2019 17:39 Reply
High brokerage charge in intraday

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Below Average
Balak Ram
41. Balak Ram  Dec 23, 2018 18:51 Reply
i dislike hidden charges & on net you show option trading charge rs. 30 per lot but your opti

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Average
thamaraikannan
40. thamaraikannan  Dec 15, 2018 16:54 Reply
Worst ever seen brokerage firm giving wrong commitments.
0% meeting target
Eats all your capital by brokerage and taxes and loss
Worst telecallers
Worst service providers
2 years I m trying to get a simple help but I couldn't still.
Idiotic app
Plz don't use this karvy for your demat or anything else.
I m trying to complaint against this in SEBI


Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Anish Kumar
39. Anish Kumar  Dec 1, 2018 10:31 Reply
Sabse bada chor h. All retailer investor are requested to close your account in Karvy and shift to Zerodha for better service and protect your Capital.
Manoj kumar gupta
38. Manoj kumar gupta  Nov 28, 2018 21:03 Reply
इस कम्पनी की सर्विस इतनी घटिया है की मै अपने दुश्मन को भी यहा ट्रेडिंग करने की सलाह ना दु
.
बिना बताये ग्राहक का स्टाक बेच देना
.
फ़िर फोन ना उठाना नम्बर ब्लाक लिस्ट मे डालना
.
हाइ ब्रोकरेज चार्ज करना
.
अपनी जिम्मेदारी से भागना
.
प्रोब्ल्म को शोर्ट आउट ना करना
.
ये तमाम खुबिया अगर किसी मे है तो वो है कारवी स्टाक ब्रोकिन्ग
.
कभी किसी से दुश्मन को भी मै यहा एकाउनट खोलने की सलाह नही दुगा

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Shekhar Mulay
37. Shekhar Mulay  Nov 25, 2018 22:44 Reply
KARVY BROKERS CHARGE 25RS FOR HANDLING AND OTHER CHARGES WHEN YOUR TRADING LESS THAN 10000RS IT MEANS IF YOU NOT TRADED LESS THAN 10000 EVERY OPERATIONAL DAY THEY CHARGE 25+BROKRAGE SO IT MEANS 20×25=500RS ITS VERY HIGH WHEN YOU OPEN THE ACCOUNT THEY WIIL NOT TELL YOU ABOUT THIS THEYBIH CHEATERS IN MARKET SO NEVER OPEN ACCOUNT IN KARVY

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
Krishna
36. Krishna  Oct 25, 2018 08:54 Reply
Good service. Even though they take lot of time to resolve.
Mohan
35. Mohan  Aug 1, 2018 08:54 Reply
Poor customer support, just want to add customers to their service, but never hear any concerns from us. Regarding brokerage something will be informed in call whereas when you are submitting the documents they will add up the brokerage charges and ask you to pay more when you start trading.
Customer Care(both Telephonic & Mail) are lazy and poor, never hear anything properly from user. At the end, you have to pay for their laziness and poor support.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
Saurav
34. Saurav  Jul 25, 2018 16:56 Reply
Very poor research desk. Khabhi bhi enka recommend kits share Na lein. Kai bar dhokha khaya hai. Very very bad
Amit jain
33. Amit jain  Jul 6, 2018 01:10 Reply
Please please please dont registered yourself with this stock broking company.
They will charge you uneven brokerage of your transaction.
And if you are trying to contact them , they started ignoring once you are registered with them.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Above Average
Website Usability - Average
Customer Service - Very Poor
Overall Experience - Very Poor
kornu saigowtham
32. kornu saigowtham  May 3, 2018 17:02 Reply
5/5

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
niraj
31. niraj  Apr 17, 2018 22:16 Reply
untrained staff no idea about share market.
bullshit customer service

Ratings:

Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Above Average
Customer Service - Very Poor
Overall Experience - Very Poor
Gokula
30. Gokula  Apr 7, 2018 12:27 Reply
Kindly include rating like 0 and negative as well. then only we can provide a correct rating to your service.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Mrityunjoy
29. Mrityunjoy  Mar 18, 2018 09:24 Reply
1.650 account opening charge
2.brokerage charge 0.05paise per 100 rs of trade
3.more over tansaction fee deducting from my main balance seperately kindly clear it.
I m a new user n using mob app.
So its clear nothing free account or not less brokerage charges as here showing as 0.03%
niraj
28. niraj  Mar 16, 2018 09:07 Reply
Ek dam chor company hai . saala inke aadmi ko hi malum nahi hai ki kis service ka kya charge hai. customer care me banda pata nahi kya karta hai agar usko koi jaankari hi nahi hai

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Antaryami Das
27. Antaryami Das  Mar 10, 2018 00:25 Reply
The Mobile Trading app is not at all user friendly

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