Comment on Various Types of Accounts

Nithin Kamath commented on 05 Dec 2014, 02:58 PM

Am copy pasting from our support link http://support.zerodha.com/kb/faq.php?id=147:

A BSDA can be opened by retail investors at reduced cost. All individuals who have only one demat account can open a BSDA provided their value of holdings is not more than 2 lakhs at any point of time. An individual can have only one BSDA in his/her name across all depositories.

Charges: The Annual Maintenance Charges (AMC) structure for BSDA shall be on a slab basis; if the value of holding is :
(i) Up to Rs. 50,000 there will be NIL AMC and
(ii) For value of holding from Rs 50,001 to Rs 200,000 AMC will be up to Rs. 100

The value of holding shall be determined by the DPs on the basis of the daily closing price or NAV of the securities or units of mutual funds. If the value of holding in such BSDA exceeds the prescribed criteria at any date, the DPs may levy charges as applicable to regular accounts (non-BSDA) from that date onwards.
You can open a BSDA DP account at Zerodha. The account opening charges for BSDA is Rs.150.

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