How can I convert my demat account into BSDA?

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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 ...

• Who can open a Basic Service Demat Account?

  The basic services demat account promises to provide limited services at reduced costs to retail investors. These accounts are also called no-frills or basic demat accounts. An individual—who currently has a demat account or plans to open a demat ...

• Can I link multiple demat account with my trading account?

  Yes. You can link multiple demat account with your Trading account.

• Is Demat account necessary to invest in these NCDs

  Having a Demat account to invest in NCDs is essential as most debentures are issued in dematerialised mode. Open a free Demat account with IIFL Securities in under five minutes and invest in various financial instruments from the app.

• How do I transfer shares from out side Demat account to my IIFL Demat account?

  1.You can send the requests of transferring shares from one Demat account to another by filling Delivery Instruction Slip (DIS). 2.You need to submit the Delivery Instruction Slip to the respective broker from where you want to transfer the shares to ...