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    <title>Facility for Basic Services Demat Account (BSDA)</title>
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    <description>The circular requires Depository Participants to convert eligible individual demat accounts into Basic Services Demat Account (BSDA) by assessing eligibility at the end of the billing cycle, unless the Beneficial Owner explicitly opts to retain a regular demat account; depositories must amend rules and report DP compliance monthly.</description>
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