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There are 2 plan proposed by the Karvy Online to its customers: first is Retail Plan for customer having low trading volume and second one for premium customer having higher trading volume.

Karvy Account Opening & AMC Charges

Karvy charges ₹650 for the opening of a trading account with them and is the one-time fee charged while initiating your account opening process. ₹420 are annual maintenance charges for a demat account and would get deducted from your account even if you have not traded for a year by Karvy to maintain your account.

Name Details
Trading Account Opening Fee ₹650
Demat Account Opening Fee ₹0
Demat Account AMC ₹420
Trading Account AMC ₹0
Karvy Brokerage Charges

Please find below Karvy Brokerage charges in their basic Plan. Karvy provides delivery trade at 0.1%, Intraday Trade at 0.01%, Equity Future Trade at 0.01%, and Equity Option Trade at ₹10 per lot.

Plan Name Retail Brokerage Plan Premium Subscription Plan
Equity Delivery 0.1% 0.3%
Equity Intraday 0.01% 0.03%
Equity Future 0.01% 0.03%
Equity Options ₹10 per lot ₹30 per lot
Currency Futures 0.01% 0.03%
Currency Options ₹10 per lot ₹30 per lot
Monthly Fee ₹100,000 per year
Margin Trading
Commodity Futures 0.01% 0.03%
Commodity Options ₹10 per lot ₹30 per lot
Karvy Transaction Charges (Per Crore)

The Brokers in India charges Transaction / Turnover charges along with Brokerage on every order executed through the stock exchange. These charges differ by the stock exchange in which you trade and type of trades like delivery, intraday or F&O, etc. Karvy Transaction charges are as per the below table:

Name Details
Equity Delivery ₹325
Equity Intraday ₹325
Equity Future * ₹230
Equity Options * ₹5500
Currency Futures * ₹325
Currency Options
Commodity ₹300
Karvy Other Charges

A lot of other Charges are getting levied other than brokerage by Karvy like minimum brokerage, call & Trade charges, Stamp duty, DP Charges, etc. A list of the same is in the below table.

Name Details
Minimum Brokerage Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher
Call & Trade
Stamp Duty * State wise
DP Charges (on sell side) -
Other Miscellaneous Charges
Karvy Demat Account Charges

The charges on Demat account transactions are charged separately and over and above trading Brokerage. Find Karvy demat account charges 2020.

Name Details
Depository Service Provider CDSL & NSDL
Account Opening Fee ₹650
Advance Deposit

Nil

AMC ₹0
Dematerialisation Charges

₹5 per certificate + ₹40 for courier charges;

For BSDA Accounts: ₹10 per certificate + ₹50 courier charges

Rematerialisation Charges

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

Transaction Charges (Credit) -
Transaction Charges (debit) ₹15 per transaction
Pledge Creation Charges

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

Pledge Creation Confirmation Charges

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

Pledge Invocation Charges

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

Failed Instruction Charges

₹100 per instruction

Other Charges

₹100 per Demat Rejection

₹100 per Client Modification Request

₹100 per DIS Lost Request

₹100 per request for physical statements

Charges Explained

  • Securities / Commodities Transaction Tax : Tax by the government when transacting on the exchanges. Charged as above on both buy and sell sides when trading equity delivery. Charged only on selling side when trading intraday or on F&O.When trading at TRADE SMART Online STT/CTT can be a lot more than the brokerage we charge.

  • Transaction/Turnover Charges: Exchange transaction charges + Clearing charges. Charged by exchanges (NSE, BSE, MCX) and clearing member.

  • Call & trade: Free with your Sharekhan Trading :

  • Stamp charges: Charged as per the state of the client's correspondence address.

  • GST:Tax levied by the government on the services rendered. 18% of ( brokerage + transaction charges)

  • SEBI Charges:Charged at Rs.15 per crore by Securities and Exchange Board of India for regulating the markets.

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