Can I open a basic services demat account (BSDA) with FYERS?

Can I open a basic services demat account (BSDA) with FYERS?

Glad you're exploring account options! 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 FYERS BSDA is different

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.

How to open a BSDA with FYERS

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.

What If?

ScenarioAnswer
I already have a regular Demat accountIt cannot be converted to a BSDA account later
I hold multiple Demat accountsYou’re not eligible for BSDA across multiple accounts
I don’t opt for BSDA during form fillingYour account will be treated as a standard Demat account
Note: Once a regular Demat account is opened, it cannot be converted into a BSDA account.