What is a Basic Service Demat Account?
5paisa Research Team
Last Updated: 14 Jan, 2025 04:52 PM IST
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Content
- What is a Basic Service Demat Account?
- Understanding AMC in BSDAs
- What are the Eligibility Criteria for Opening a Basic Service Demat Account?
- Can a Full-Service Demat Account be Transformed into a BSDA Account?
- Benefits of Basic Service Demat Account?
- Conclusion
The Economic Survey 2023-24 highlights that more than 20% of Indian households are now investing their savings in financial markets. Furthermore, the number of investors registered with the NSE has surged, nearly tripling to 9.2 crore between March 2020 and March 2024.
One reason behind this shift could be the various investor-friendly measures introduced by SEBI to encourage greater participation in the stock market. The BSDA (Basic Service Demat Account) is one such initiative, designed to provide beginner investors with low-cost access to stock market investments.
In this article, we will understand everything you need to know about the BSDA Account.
More About Demat Account
- How to Check Your Demat Account Status
- What is Demat Debit and Pledge Instruction(DDPI)?
- Loan Against Shares
- How to Find Demat Account Number from PAN
- How to fill a Dematerialisation Request Form
- Dematerialization of Shares: Process and Benefits
- What Is DP ID In The Demat Account
- What Is Dematerialization of Shares?
- What Is a Demat Account Holding Statement?
- Low Brokerage Charges in India
- Best Demat Account for Beginners in India
- Do we need a Demat Account for Mutual Funds?
- Aims and Objectives of Demat Account
- What is BO ID?
- What is a bonus share?
- How to Close Your Demat Account Online
- How to Open Demat Account Without Aadhaar Card
- Open Demat Account Without A PAN Card - A Complete Guide
- Myths & Facts about Demat Account
- What is Collateral Amount in Demat Account?
- What Are DP Charges?
- How to Link Aadhaar Number With Demat Account?
- How to Convert Demat to BSDA?
- Dos and Don'ts of Demat Account
- Difference between NSDL and CDSL
- Advantages and Disadvantages of Opening a Demat Account
- Loan Against Demat Shares- 5 Things to know
- What is NSDL Demat Account?
- NRI Demat Account Opening Process
- What is a Basic Service Demat Account?
- How to Transfer Money from Demat Account to Bank Account
- How to Find Demat Account Number?
- How to Buy Shares through Demat Account?
- How many Demat Accounts one can have?
- Demat Account Charges Explained
- Eligibility to Open a Demat Account
- How to Transfer Shares from One Demat Account to Another?
- Types of Demat Account in India
- Dematerialisation & Rematerialisation: Meaning and Process
- Difference between Demat and Trading Account
- How to add nominee in Demat Account - A Guide
- How To Use Demat Account? - An Overview
- Benefits of a Demat Account
- Documents Required to Open a Demat Account
- How to Open Demat Account Online?
- What is Demat Account? Read More
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Frequently Asked Questions
A basic service demat account is called a BSDA. If the total holding value of the securities is less than ₹2,00,000, it has a lower fee than a standard Demat account.
There are two varieties of Demat accounts accessible in India:
Two types of Demat accounts: Regular and Repatriable.
But the main distinction between a conventional Demat account and a BSDA account is that the former has a maximum holding value of ₹2,00,000 while the latter does not. Fees for BSDA accounts are less than those for regular Demat accounts.