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TMI BlogFacility for Basic Services Demat Account (BSDA) for Financial Inclusion and Ease of InvestingX X X X Extracts X X X X X X X X Extracts X X X X ..... e of Investing 1. With the objective of achieving wider financial inclusion to encourage holding of demat accounts and to facilitate ease of investing, SEBI, vide circular no. CIR/MRD/DP/22/2012 dated August 27, 2012 read with Circular MRD/DoP2DSA2/CIR/P/2019/51 dated April 10, 2019 and Para 1.8.1 to para 1.8.5 of the Master Circular for Depositories dated October 06, 2023 provided for the facilit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... version of existing eligible demat accounts into BSDA a) The DPs shall open only BSDA for Beneficial Owners (BOs), if such demat accounts are eligible for BSDA as per para 2.1 above, unless such BOs specifically provide their consent by way of email from their email-id registered with the DP to avail the facility of a regular demat account. b) The DPs shall also reassess the eligibility of all the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that other than AMC as specified above, BSDA shall be treated at par with non-BSDA for the purpose of levying charges for various other services and DPs shall not levy higher charges to BSDA. c) The value of holding shall be determined by the DPs on the basis of the daily closing price or NAV of the securities or units of mutual funds, as the case may be. Where such price is not available, the la ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is circular shall come into effect from September 01, 2024 in supersession of para 1.8.1 to para 1.8.5 of the Master Circular for Depositories dated October 06, 2023. 4. The Depositories are advised to:- 4.1. make amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision immediately, as may be applicable/necessary; 4.2. bring the provisions of this cir ..... X X X X Extracts X X X X X X X X Extracts X X X X
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