BSDA Account in India 2026: Latest Rules, AMC Charges & Eligibility
A Basic Services Demat Account (BSDA) is a low-cost demat account introduced by the Securities and Exchange Board of India (SEBI) in 2012. It is specifically designed to make investing more affordable for small retail investors by offering lower or zero annual maintenance charges (AMC) compared to a regular demat account. Here's a breakdown of its key features, based on the latest SEBI guidelines: 📋 Key Features and Eligibility Designed for Individuals: Only individuals can open a BSDA. Other entities like companies or HUFs (Hindu Undivided Families) are not eligible. Single Account Limit: You are permitted to hold only one BSDA across all Depository Participants (DPs) in India. Automatic Conversion: If the value of your holdings exceeds the ₹10 lakh limit, your account will be automatically reclassified as a regular demat account,…