Can I Open a Basic Services Demat Account (BSDA) With FYERS?
A Basic Services Demat Account (BSDA) is a simplified Demat account introduced by SEBI to encourage small investors to participate in the stock market with minimal costs.
What is a BSDA?
BSDA accounts are designed for retail investors with limited holdings. As per SEBI guidelines:
- You can have only one Demat account across all depositories to be eligible
- The total value of your holdings should be below ₹50,000 to qualify for zero Annual Maintenance Charges (AMC)
You can read the official SEBI circular here.
How to open a BSDA with FYERS
At FYERS, we go a step further; even if your holdings exceed ₹50,000, your AMC will remain zero. This makes FYERS an ideal choice for both small and growing investors.
When filling out the online Demat account opening form, be sure to select or mention the option for a BSDA Demat Account during the process.
Once a regular Demat account is opened, it cannot be converted into a BSDA account.
What If...
| Scenario | Solution |
|---|
| I already have a regular Demat account | It cannot be converted to a BSDA account later |
| I hold multiple Demat accounts | You’re not eligible for BSDA across multiple accounts |
| I don’t opt for BSDA during form filling | Your account will be treated as a standard Demat account |
Last updated: 26 Dec 2025
Related Articles
Can a minor with foreign citizenship open a Demat account with FYERS?
No, a minor with foreign citizenship cannot open a Demat account with FYERS. As per Indian regulatory requirements, Demat accounts can only be opened in the name of Indian citizens, including minors. Eligibility limitations for foreign minors To open ...
Can I Open a Demat Account Online at FYERS?
Opening a Trading and Demat account is quick, easy, and entirely online. Whether you're new to FYERS or already have a trading account, here's how to get started. Steps to open a Trading and Demat account as a new user Visit the FYERS Account Opening ...
Can I Open Multiple Trading/Demat Accounts With FYERS?
No, you cannot open more than one trading and Demat account with FYERS using the same PAN. However, you're allowed to open accounts with other brokers or depository participants (DPs) if you wish to manage multiple portfolios. Why is only one account ...
Can I Open Only a Trading or Only a Demat Account With FYERS?
We do not allow standalone trading or Demat accounts. To open an account and begin trading or investing on the FYERS platform, you must set up a combined trading and Demat account. This integrated structure is essential for regulatory compliance and ...
What are the documents required to open minor Demat account with FYERS?
Guardians can open a minor Demat account with FYERS through an online process. However, before starting the application, the guardian must already hold an active FYERS Demat account. Documents required for opening a minor Demat account Make sure the ...