Comment on Various Types of Accounts

Venu commented on 10 Aug 2016, 01:56 PM

SEBI introduced the concept of Basic Service Demat Account (BSDA) to encourage small investors to opt for securities in Demat form. It’s like buying a no frills Air ticket. You only pay for the seat to take you from point A to point B. Similarly, by opening a BSDA, you’re entitled to receive limited services at reduced costs. There’s either no AMC, lesser AMC charged for such accounts. There’s an eligibility criteria if you wish to open a BSDA account, the details of which are on this link

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