Explained: What is Basic Demat Account charges, Sebi rule, investment limit

Quick Summary:

This facility was introduced by Sebi primarily to reduce the burden of demat charges on small retail investors.

The key difference between BSDA and a regular demat account, is that the former is a more basic version of the latter.

As and when the value of securities in the portfolio (BSDA) crosses the Rs 10 lakh threshold, the account shall automatically be converted into a regular demat account.

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Category: BusinessFinance

Markets: India

Topics: What is demat account Sebi norms on demat account Demat chrges Sebi on free demat account What is basic services demat account Demat account amc charges Free demat account Basic demat account Demat account investment limit

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Article Type: News Report

Published On: 2024-07-01 @ 13:25:03 (3 days ago)

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News Source URL: business-standard.com

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