SEBI Raises ‘Basic Services Demat Account’ Limit to Rs 10 Lakh to Boost Participation in Securities Market
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- Last Updated on 1 July, 2024
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Circular No. SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/91; Dated: 28.06.2024
Earlier, SEBI provided a “Basic Services Demat Account” (BSDA) facility for eligible individuals. Individuals can opt for BSDA subject to a condition that the value of securities held in demat account must not exceed Rs 2 lakh. SEBI has now raised this limit to Rs 10 lakh. BSDA is a special category of demat account that can be opened/held only by individual investors. Only one account can be opened under BSDA where the investor is a first holder and has no other demat account with him/her.
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