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Basic Service Demat Account | Motilal Oswal

A BSDA is a demat account that is intended for small investors who donu2019t or canu2019t invest regularly in stocks, bonds, ETFs, mutual funds, etc. The BSDA can be opened and maintained at a reduced cost.<br><br>SEBI felt that majority of demat account holders donu2019t really use their accounts as much as they should and still end up paying high maintenance fees. So, to help out such investors they came up with this account type.

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Basic Service Demat Account | Motilal Oswal

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  1. Basic Service Demat Account About Basic Service DematAccount What are the Requirements to Open a Basic Service Demat Account?

  2. About Basic Service Demat Account • For eligible Indian residents, the Securities & Exchange Board of India (SEBI) created the BSDA or Basic Service Demat Account in 2012. The account was launched by SEBI especially to encourage small investors to access the market and trade or invest even if they may have had little or no prior understanding of stocks, mutual funds, and ETFs. • The advantages of a BSDA account are essentially identical to those of a standard Demat account, however different maintenance fees apply. A simple Demat account holder does not have to pay any fees on assets under INR 50,000, in contrast to a standard Demat account. A little maintenance fee of INR 100 must be paid yearly if your holding amount is between INR 50,000 and INR 2 lakh.

  3. What are the Requirements to Open a Basic Service Demat Account? Although a Demat account with minimal services offers remarkable cost-efficiency, an investor must meet certain eligibility requirements in order to open an account. The eligibility requirements for BSDA Demat accounts are listed below: 1. The investor must act alone to open the account. 2. The investor must be opening their first Demat account. 3. A shareholder is limited to keeping one BSDA Demat account. 4. The gross value of BSDA shares (principal plus profit) cannot exceed INR 2 lakh in a fiscal year. 5. The investor cannot be the primary account holder if the investor is a joint holder of any Demat account.

  4. Thank You

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