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    <title>Facility for Basic Services Demat Account (BSDA) for Financial Inclusion and Ease of Investing</title>
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    <description>The circular requires eligible individuals who have or propose only one demat account as sole or first holder and only one BSDA across depositories, with holdings within the prescribed threshold, to be offered BSDA. DPs must open BSDA for such eligible BOs and periodically reassess and convert existing eligible accounts into BSDA unless BOs give authenticated consent for a regular account. A simplified annual maintenance charge regime applies based on holdings, DPs must determine holdings value by specified market/pricing methods, and BSDA receives free electronic statements with limited fees for physical statements.</description>
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    <pubDate>Fri, 28 Jun 2024 00:00:00 +0530</pubDate>
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      <title>Facility for Basic Services Demat Account (BSDA) for Financial Inclusion and Ease of Investing</title>
      <link>https://www.taxtmi.com/circulars?id=67593</link>
      <description>The circular requires eligible individuals who have or propose only one demat account as sole or first holder and only one BSDA across depositories, with holdings within the prescribed threshold, to be offered BSDA. DPs must open BSDA for such eligible BOs and periodically reassess and convert existing eligible accounts into BSDA unless BOs give authenticated consent for a regular account. A simplified annual maintenance charge regime applies based on holdings, DPs must determine holdings value by specified market/pricing methods, and BSDA receives free electronic statements with limited fees for physical statements.</description>
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      <pubDate>Fri, 28 Jun 2024 00:00:00 +0530</pubDate>
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