Facility for a Basic Services Demat Account (BSDA)

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....als shall be eligible to opt for BSDA subject to the following conditions a. All the individuals who have or propose to have only one demat account where they are the sole or first holder. b. Individuals having any other demat account/s where they are not the first holder shall be eligible for BSDA in respect of the single demat account where they are sole or first holder. c. The individual shall have only one BSDA in his/her name across all depositories. d. Value of securities held in the demat account shall not exceed Rupees Two Lakhs at any point of time. 3. Option to open BSDA: The DP shall give option: a. To open BSDA to all eligible individuals who open a demat account after the date of applicability of this circular; b. To....

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....curity balance in an account, then no further transaction statement needs to be provided. iii. Transaction statement shall be required to be provided for the quarter in which the account became a zero balance account. b. Holding Statement: i. One annual physical statement of holding shall be sent to the stated address of the BO in respect of accounts with no transaction and nil balance. ii. One annual statement of holding shall be sent in respect of remaining accounts in physical or electronic form as opted for by the BO. c. Charges for statements: Electronic statements shall be provided free of cost. In case of physical statements, the DP shall provide at least two statements free of cost during the billing cycle. Additional physical ....