BSDA

Basic Services Demat Account

What is BSDA?
Most of us 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...
Tue, 21 Jul, 2020 at 11:07 AM
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 bas...
Tue, 21 Jul, 2020 at 1:11 PM
What is the cost structure of BSDA?
As per SEBI directive, the charge structure will be based on value of holdings in the accounts as indicated below: No AMC shall be levied, if the value of...
Tue, 21 Jul, 2020 at 1:11 PM
How is the value of holdings determined 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 mutu...
Tue, 21 Jul, 2020 at 1:12 PM
How I can convert my demat account into BSDA?
You do not need to submit any request for converting your account into BSDA. Its an automated process wherein DP verify all the accounts to convert them und...
Tue, 21 Jul, 2020 at 1:12 PM