How client can convert demat account into BSDA?
Client do not need to submit any request for converting his account into BSDA. Its an automated process wherein DP verify all the accounts to convert them under BSDA on the date of the next billing cycle based on value of holding of securities in the account as on the last day of previous billing cycle (Financial Year).
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What is Basic Service Demat Account (BSDA)?
Most of the clients who don’t invest regularly in stocks, bonds, gold ETFs, IPO, etc may find maintaining our demat accounts a pain because of the charges. The costs, such as annual maintenance and statement charges, make these accounts relatively ...
Can client link multiple demat account with his trading account?
Yes. Client can link multiple demat account with Trading account.
How client can transfer shares from out side Demat account to IIFL Demat account?
1.Client can send the requests of transferring shares from one Demat account to another by filling Delivery Instruction Slip (DIS). 2.Client need to submit the Delivery Instruction Slip to the respective broker from where client want to transfer the ...
What is the cost structure for BSDA Account?
As per SEBI directive, the charge structure will be based on value of holdings in the accounts as indicated below: 1) Holding value less than Rs.4,00,000 then No AMC. 2) Holding value between Rs.4,00,001 to Rs.10,00,000/- then Rs.100 plus GST per ...
How client transfer shares from my IIFL account to out side Demat account or another IIFL Demat account?
Client can send the requests of transferring shares from one Demat account to another by filling Delivery Instruction Slip (DIS). Client can submit the DIS at the nearest IIFL branch or to RM or send directly at the below mentioned address: NSDL / ...