What is Basic Service Demat Account (BSDA)?

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• 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 ...

• 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 ...

• Can client link multiple demat account with his trading account?

  Yes. Client can link multiple demat account with 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 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 ...