What is Basic Service Demat Account (BSDA)?
Basic Service Demat Account (BSDA) is a regular demat account with No or Low Annual Maintenance Charges based on the guidelines laid by SEBI.
Circular Reference: Click Here to view the SEBI circular CIR/MRD/DP/22/2012 on BSDA.
If your account fulfills the following criteria, you can request to convert your account to a BSDA account :
1) All the individuals who have or propose to have only one demat account where they are the sole or first holder.
2) Individuals having any other demat account/s where they are not the first holder shall be eligible for BSDA in respect of the single demat account where they are sole or first holder.
3) The individual shall have only one BSDA in his/her name across all depositories.
4) Value of securities held in the demat account shall not exceed Rupees Two Lakhs at any point of time.
Charges Slab
The charge structure may be on a slab basis as indicated below:
1. No Annual Maintenance Charges (AMC) shall be levied, if the value of holding is upto Rs. 50,000.
2. For the value of holding from Rs 50,001 to Rs 200,000, AMC not exceeding Rs 100 may be charged.
No Annual fee will be charged if your account has securities worth Rs. 50,000 or lower.
To convert your account to BSDA, please follow any one of the processes listed below:
| Online Process | Offline Process |
|---|---|
|
To know the steps on how to update BSDA online on your account |
BSDA - CDSL: Click Here to download the BSDA Form. BSDA - NSDL: Click Here to download the BSDA Form.Submit the duly filled form to the nearest Axis Bank branch or courier it to the mailing address given below. |
Mailing Address:
Axis Securities Ltd.
Unit No. 1001, 10th Floor, Level – 6,
Plot No. 4/TTC, Q2 Building,
Aurum Q Parc,
Thane Belapur Road,
Ghansoli, Navi Mumbai-400710