What is Basic Service Demat Account (BSDA)?

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 expensive.

But with the introduction of Basic Service Demat Account (BSDA) by SEBI (Securities and Exchange Board of India), the annual maintenance charges structure will be on a slab basis. 

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