What is a Basic Service Demat Account (BSDA)?

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• A Basic Service Demat Account (BSDA) as the name suggest is the demat account with limited services at a reduced cost. A person is allowed to hold securities of value up to Rs 2 lakh in BSDA by paying a minimal AMC.
• Up to Rs 50,000 – there will be No AMC
• For value of holding from Rs 50,001 to Rs 200,000 – AMC will be up to Rs. 100
• 1. How can I convert physical shares in demat format?
• 3. Can I apply in IPOs without having a demat Account?
• 4. Who is the Beneficiary Owner in Demat Account?
• 5. What to do in case of name mismatch between the share certificates and Demat Account?
• 6. What is the difference between trading account and demat account?
• 7. Which is the best demat and trading account in India?
• 8. What are the benefits of online demat account?
• 9. Why demat account is required?
• 10. What is a Basic Service Demat Account (BSDA)?
• 11. What is the use of POA in Demat Account?
• 12. Can I transfer my share in another demat accounts of my wife?
• 13. Is nomination mandatory in Demat Account?
• 14. Is joint Demat Account allowed?
• 15. Can a minor be the nominee of the Demat Account?
• 16. Can a minor hold Demat Account?
• 17. Can a minor be joint holder in demat account?

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