Basic Services Demat Account (BSDA)

A Basic Services Demat Account (BSDA) is tailored for small investors who invest occasionally in financial instruments such as stocks, bonds, ETFs, and mutual funds. The BSDA offers reduced costs, making it accessible and affordable for retail investors looking to minimize expenses.

Key Features of BSDA:

• Eligibility Criteria (Effective 1st September 2024) as per SEBI Circular dated 28/6/2024 a demat account is automatically categorized as BSDA if:
  • Only one demat account is registered under the investor’s PAN across all brokers.
  • The total value of holdings in the demat account is below ₹10,00,000.
• Annual Maintenance Charges (AMC) applicable on BSDA Account:
  • AMC for a BSDA depends on the account’s holding value and is generally lower compared to standard demat accounts.

Impact of BSDA on Navia Demat Accounts

Navia offers a unique advantage by not charging any AMC for maintaining a demat account, regardless of the holding value. This policy ensures that investors can hold their investments at zero cost, providing a significant benefit compared to other brokers. For more details, refer to the full tariff for Navia’s Depository Services here.

Navia's approach makes it an excellent choice for investors looking for cost-effective ways to maintain their demat accounts.