Facility for Basic Services Demat Account (BSDA) for Financial Inclusion and Ease of Investing

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....dated October 06, 2023 provided for the facility of "Basic Services Demat Account" with a set of defined services for eligible individuals. 2. In order to further boost participation in securities market, ease of doing investments and based on representations from market participants, the facility has been comprehensively reviewed and the following has been decided: 2.1. Eligibility for BSDA An individual shall be eligible to opt for BSDA subject to the following conditions: a) The individual has or proposes to have only one demat account where he/she is the sole or first holder. b) The individual shall have only one BSDA in his/her name across all depositories. c) Value of securities held in the demat account shall not exceed Rs. ....

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....y the DPs on the basis of the daily closing price or NAV of the securities or units of mutual funds, as the case may be. Where such price is not available, the last traded price may be taken into account. For unlisted securities other than units of mutual funds, face value may be taken in to account. For illiquid securities, last closing price may be taken into account. The value of suspended securities, delisted securities and Zero Coupon Zero Principal bonds may not be considered for the purpose of determining eligibility of demat account as BSDA.] d) If the value of holding in such BSDA exceeds the prescribed criteria at any date, the DPs may levy charges as applicable to regular accounts (non-BSDA) from that date onwards. 2.4. Servic....

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..... Yours faithfully, Aradhana Verma General Manager Market Intermediaries Regulation and Supervision Department Tel. No. 022-2644 9354 Email id - [email protected]   *************** NOTES:- 1. Substituted vide Circular No. HO/38/11/11(3)2025-MIRSD-POD/I/1101/2025 dated 24-12-2025, w.e.f. 31.03.2026 before it was read as "The DPs shall open only BSDA for Beneficial Owners (BOs), if such demat accounts are eligible for BSDA as per para 2.1 above, unless such BOs specifically provide their consent by way of email from their email-id registered with the DP to avail the facility of a regular demat account."  2. Substituted vide Circular No. HO/38/11/11(3)2025-MIRSD-POD/I/1101/2025 dated 24-12-2025, w.....