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?
| Scenario | Answer |
|---|
| 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 |
Note: Once a regular Demat account is opened, it cannot be converted into a BSDA account.
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