Basic Service Demat Account (BSDA)
Basic Services Demat Account (BSDA) is just like a regular Demat account which allows an account holder to avail Demat services at no or low Annual Maintenance Charges (AMC).
Eligibility for BSDA Account
- Individuals who have only one Demat account as a sole or first holder (across depositories). Individuals can be the second or third holder in any other Demat account(s).
- Value of securities held in the Demat account shall not exceed Rs.4,00,000 at any point of time.
- It is necessary to provide a mobile number and opt for SMS alert facility in order to avail BSDA.
Annual maintenance charges for BSDA (as of January 2020)
The annual maintenance charges for BSDA, as stipulated by SEBI in various situations are as follows:
| Value of Debt Securities (Rs.) |
Value of other than Debt Securities (Rs.) |
Total Value (Rs.) |
AMC (Rs.) |
|---|---|---|---|
| Upto 1,00,000 | Upto 50,000 | Upto 1,50,000 | Nil |
| Over 1,00,000 but less than 2,00,000 |
Over 50,000 but less than 2,00,000 |
Upto 4,00,000 | Maximum 100 |
| Over 2,00,000 | Over 2,00,000 | Over 4,00,000 | As per regular account |
The value of the holdings for this purpose is determined by the DP based on the daily closing price or NAV for the securities / mutual fund units. If the value of holdings in BSDA exceeds the above limit on any day, DP may change the status of the account to a regular account and levy annual maintenance charges applicable to regular accounts (non-BSDA) from that day onwards.
