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BSDA Account | Motilal Oswal

A BSDA is a demat account that is intended for small investors who donu2019t or canu2019t invest regularly in stocks, bonds, ETFs, mutual funds, etc. The BSDA can be opened and maintained at a reduced cost.<br><br>SEBI felt that majority of demat account holders donu2019t really use their accounts as much as they should and still end up paying high maintenance fees. So, to help out such investors they came up with this account type.

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BSDA Account | Motilal Oswal

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  1. BSDA Account About BSDA Account Advantages of a BSDA Demat Account

  2. About BSDA Account • A BSDA account 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. Advantages of a BSDA Demat Account • A Basic Service Demat Account comes with a lot of significant advantages for people. Most of them concern fees associated with typical Demat accounts that can be avoided by opening a simple Demat account. • Opening a Basic Service Demat Account has several advantages, particularly in terms of avoiding fees associated with traditional Demat accounts. These fees include Annual Maintenance Charges, charges for hardcopy statements, and penalties for DIS or DRF rejection. By opting for a Basic Service Demat Account, one can avoid paying these charges and benefit from savings on annual maintenance fees, which are typically based on the holding value. This is especially useful for those starting with a small investment amount, as the savings on maintenance fees can help prevent short-term gains from being wiped out by account upkeep costs.

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