Ionospheric effects of a large number (51) of severe geomagnetic storms are studied using total electron content (TEC) and VHF/UHF scintillation data from Calcutta, situated near the northern crest of equatorial ionization anomaly and equatorial spread-F (ESF) data from Kodaikanal. The susceptibility of the equatorial ionosphere to develop storm time plasma density irregularities responsible for ESF and scintillation is found to be largely modulated by the local times of occurrences of main and recovery phases as seen in the D st index. While inhibition of premidnight scintillation for lower TEC values compared to the quiet day averages is omnipresent, occurrence of scintillation for enhancements of TEC is largely dependent on initiation time and amplitude of the said deviations. An overall reduction in threshold values of h′F for observing storm induced ESF and scintillation compared to reported quiet time values is noted. The results are discussed in terms of storm time variabilities in electric fields, neutral wind system and composition changes.