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Basic Service Demat Account | Motilal Oswal

In the Indian financial markets today, the words, u2018dematerialisationu2019 and u2018rematerialisationu2019 are the most frequently heard words. If you are among the many individuals who are prone to investing in Indian stock markets, you have to have been accustomed to hearing about, and speaking about, these two common words. They are of paramount importance, and the process of dematerialisation has been of landmark relevance in the Indian financial realm.

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Basic Service Demat Account | Motilal Oswal

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  1. Basic Service DematAccount About Basic Service Demat Account Why open a Basic Service Demat Account? 

  2. About Basic Service Demat Account • A Basic Service DematAccount is designed to give stock market access to investors with portfolios worth no more than Rs 2 lakhs. One significant distinction between a standard Demat account and this one is that you can only open one account with all DPS, as opposed to many traditional Demat accounts with different Depository Participants if you have a BSDA account. This kind of basic Demat account was created as a result of SEBI realising that many people open Demat accounts just to leave them vacant and unused. These people would nevertheless continue to pay the various maintenance and other Demat account-related costs.

  3. Why open a Basic Service Demat Account? • The BSDA account has been formed in accordance with certain regulations specified by SEBI, or the Stocks and Exchange Board of India, to assist shareholders who may be new to the markets or do not wish to invest in a significant number of securities that Demat accounts hold. Initially, those who might try their hand at investing to acquire a feel for the process opened BSDA accounts. Additionally, there can be risk-averse investors who are unwilling to invest as much in stocks. They could want to add a few stocks worth less than a few lakhs to their investing portfolios to diversify it. Instead of being discouraged from investing at all, such individuals should be encouraged to open a BSDA account.

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