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

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