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of <h1>SEBI Launches Basic Services Demat Account for Retail Investors with Low-Cost Tiered Charges Effective October 1, 2012.</h1> The circular issued by SEBI introduces the Basic Services Demat Account (BSDA) to enhance financial inclusion and reduce costs for retail investors. Eligible individuals can hold one BSDA with a maximum value of securities up to Rs. 2 lakhs. The account offers tiered charges: no annual maintenance for holdings up to Rs. 50,000, and a maximum of Rs. 100 for holdings between Rs. 50,001 and Rs. 200,000. Transaction statements are provided quarterly, with conditions for zero-balance accounts. The circular mandates depositories to update regulations and inform participants, effective October 1, 2012, under SEBI's regulatory authority.
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