Karvy Account Types

Karvy Stock Broking Ltd. offers several types of accounts to cater to different investor needs:

• Karvy Demat Account: This account allows investors to hold securities in a dematerialized form, including shares and bonds.
• Karvy Trading Account: This account enables users to trade in stocks and can be opened alongside a demat account.
• Karvy NRI Account: Specifically designed for Non-Resident Indians (NRIs), this 2-in-1 account allows trading in equity, derivatives, commodities, currency, IPOs, and mutual funds while holding securities in a demat account.
• Karvy Mutual Fund Account: This account facilitates mutual fund investments, with partnerships with over 35 Asset Management Companies (AMCs).
• Karvy Corporate Account: Tailored for corporate entities, this account requires a minimum initial margin of ₹20 lakh.
• Karvy Trust Account: Designed for trusts, this account requires a minimum margin of ₹10 lakh.

Karvy Broker Account Opening Process

Opening an account with Karvy is a straightforward process:

• Visit the Official Website: Go to the Karvy website and locate the account opening section.
• Fill Out the Application Form: Provide necessary details such as name, email, phone number, etc.
• Submit Required Documents: Upload documents for identity verification, including:
• Aadhaar Card
• PAN Card
• Bank Account Statement
• Cancelled Cheque
• Verification: After submitting the application and documents, a representative will contact you for further assistance.
• Receive Account Details: Once your documents are verified, you will receive your trading and demat account login details via email and SMS.

Account Opening Charges

• Demat Account Opening Charges: ₹0
• Trading Account Opening Charges: ₹0
• Annual Maintenance Charges (AMC):
• Demat Account: ₹500 per annum (free for the first year)
• Trading Account: ₹0

For more details, you can refer to the official source: Karvy Account Opening Process.