What is BSDA and FSDA?

What is BSDA and FSDA?

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. Annual Maintenance Charge structure will be based on value holdings in the accounts or as per the number of accounts he holds in multiple depositories. It will be charged as per below mentioned conditions:
  1. The value of securities in demat Account shall not exceed 2 lakhs at any point of time. If the value of holding in BSDA exceeds Rs. 2,00,000,  he will automatically move to Full Service Demat Account (FSDA) where broker may levy charges  as applicable to regular accounts i.e. Rs. 25 + 18% GST  from that time on wards.
  2. But, if BSDA customer holds A/c for more than 1 depository, irrespective of the holdings he will be charged flat Rs. 25 per month + 18% GST. For more understanding, please refer the above table.
 To know more about the charge slabs, CLICK HERE


    • Related Articles

    • How is Demat maintenance charge levied?

      Demat Maintenance charges are applied for maintaining your demat A/c with CDSL. It is known as Demat AMC (Annual Maintenance Charges).  With effect from 1st January 2021, the revised charges which shall be applicable to 5paisa demat account holders ...
    • What is 5paisa? How 5paisa is different from other brokers?

      5paisa is India's fastest-growing Discount Broker and the first Publicly Listed online broking company. Ranking among the top 10 discount broking firms in the country. 5paisa enjoys strong backing by the IIFL, India's leading diversified financial ...