We have a Demat account in Karvy. For more than 6 years, the only thing we have in the account are some IPO shares – amount to not more than 15k at any point of time. We are not trading anything at all and just want to keep the existing shares for long term. What with missing deadlines for paying the annual maintenance for the account and all, we have been paying good amount to Karvy (upto 5K for the past 6-7 years).
Is there a cheaper way to maintain the shares? (May be switching the demat account provider or something?) We have bank accounts in SBI and OBC. Please advise.