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<h1>SEBI Directs Depository Participants to Convert Eligible Demat Accounts to Basic Services Demat Accounts for Greater Inclusion.</h1> The circular issued by the Securities and Exchange Board of India (SEBI) mandates Depository Participants (DPs) to convert eligible demat accounts into Basic Services Demat Accounts (BSDA) unless account holders choose to retain their regular accounts. Despite the availability of BSDA since 2012, few conversions have occurred. DPs are instructed to assess account eligibility at the end of the billing cycle and implement necessary changes. Depositories must amend relevant regulations and report implementation status to SEBI monthly. This directive aims to enhance financial inclusion and regulate the securities market under SEBI's authority.