What is a Basic Service Demat Account (BSDA) and how can one be opened at 5paisa?

What is a Basic Service Demat Account (BSDA) and how can one be opened at 5paisa?

Basic Service Demat Account (BSDA) is a Demat account which can be opened by any individual. It provides limited services at reduced costs to retail investors.

The Annual Maintenance Charge structure will be based on value holdings in the accounts or as per the number of accounts the user holds with multiple depositories.

It will be charged as per below mentioned conditions:

The value of securities in the Demat Account shall not exceed 2 lakhs at any point of time. If the value of holding in BSDA exceeds 2,00,000, the user will automatically be moved to Full Service Demat Account (FSDA) where the broker may levy charges as applicable to regular account holders i.e. 25 + 18% GST from that time onwards.

But, if the user holds A/c for more than 1 depository, irrespective of the holdings the user will be charged flat 25 per month + 18% GST. For more understanding, please refer the table below-


Highest Holding Value

AMC (exclusive of GST)


Up to ₹50,000



₹50,001 to ₹2,00,000

₹8 per Month


Above ₹2,00,000

₹25 per Month


A 5paisa account was opened on the 12th of January, 2023. The highest value of the holdings for the 1st month (ending 12th Feb) was ₹1,50,000. The AMC charged for the 1st month would be ₹8 as per slab 2 and will be due on the 12th of Feb.

The highest value of the holdings for the 2nd month was ₹2,50,000. The AMC charged for the quarter would be ₹25 as per slab 3 and BSDA flag removed.

    • Related Articles

    • How to convert the Demat account to a Basic Service Demat Account(BSDA) at 5paisa?

      For converting the Demat account to a BSDA account, you need to courier the BSDA conversion form with a self-attested PAN card to our head office. Below are the details- Head Office Address: 5 Paisa Capital Limited Sun Infotech Park, Road No. 16V, ...
    • How to open a joint Demat account with 5paisa?

      A joint Demat account can only be opened offline with 5paisa. Following are the specifications for opening a joint Demat account- The maximum count of account holders for a joint Demat account is 3 inclusive of the primary account holder. Further, ...
    • How to open a 5paisa Demat account offline?

      If your mobile number is linked to the Aadhaar card, and you are a resident Indian individual then the Demat account process can be initiated online. Note- As per the regulations, new accounts cannot be opened if the PAN card number is not linked ...
    • How to transfer shares from one demat account to other CDSL demat account using CDSL Easiest?

      As per CDSL's to prevent incorrect transfers, all off-market transfers will be processed only if the sender (transferor) of the securities adds the receiver's (transferee’s) demat account as a beneficiary on CDSL. To learn how to add a beneficiary on ...
    • How do I open Demat account online?

      An individual 5paisa Demat account can be opened online only if the mobile number is linked to the Aadhaar card. For opening an account, visit here or download the application from play store Follow the below steps to open your Demat account with ...