BSDA
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 ...
Who will determine the value of investment in BSDA?
SEBI has assigned DPs to determine the value of holding on the basis of the daily closing price or NAV (net asset value) of the securities or units of mutual funds. If the value of your holdings exceeds the slabs mentioned above, DP’s are permitted ...
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.No AMC shall be levied, if the value of holding is up to Rs. 50,000. 2.For the value of holding from Rs 50,001 to Rs 200,000, AMC not ...
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 ...
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 ...