Basic Services Demat Account (BSDA)
3. Basic Services Demat Account (BSDA)
- Definition: Basic Services Demat Account (BSDA) is a demat account facility provided to individuals with only one demat account across all depositories, and the value of holdings does not exceed Rs.2 lakhs for non-debt securities (like equities) and debt securities.
- Eligibility: The account is available for individuals with a single demat account and holdings not exceeding Rs.2 lakhs.
- Annual Maintenance Charges (AMC): The AMC structure for BSDA is as follows:
- For Non-Debt Securities:
- Up to Rs. 50,000: No AMC
- Rs. 50,001 to Rs. 2,00,000: Up to Rs. 100
- For Debt Securities:
- Up to Rs. 1,00,000: No AMC
- Rs. 1,00,001 to Rs. 2,00,000: Up to Rs. 100
- For Non-Debt Securities:
Key Features of 3-in-1 Account
- 3-in-1 Account: A combination of a bank account, a demat account, and a trading account.
- Opening Accounts: Investors can open these accounts separately with different institutions or opt for a single institution that provides all three accounts together.
- SEBI Registered Brokers and Depository Participants: The list of registered brokers and depository participants can be obtained from SEBI's official website (www.sebi.gov.in) or from the websites of respective stock exchanges or depositories.