Search results
To encourage retail participation in the stock markets, SEBI introduced the Basic Services Demat Account (BSDA) in 2012. According to the latest SEBI circular (WEB), starting 1st September 2024, a demat account will automatically be considered a BSDA if the following conditions are met: If only 1 demat is registered with that PAN across brokers.
How to convert the demat account to a Basic Services Demat Account(BSDA) at Zerodha? How long does it take to open an account, and where can the account opening status be tracked? Why are PAN and Aadhaar collected via Digilocker to complete KYC with Zerodha? What are the standing instructions and consents taken by Zerodha while opening an account? Can a Zerodha account be opened online if the Aadhaar is not linked to a mobile number? ...
Jul 17, 2024 · The value of your holdings in the new Zerodha account will be less than ₹10,00,000. If you meet these conditions, your Zerodha account will be categorised as a BSDA by default. In case your existing holdings are more than ₹10,00,000, or you have Demat accounts with other brokers, then your account with Zerodha will be a regular Demat account.
For BSDA demat account: Zero charges if the holding value is less than ₹4,00,000. To learn more about BSDA, Click here. For non-BSDA demat accounts: ₹300/year + 18% GST charged quarterly (90 days). ... Zerodha Broking Ltd.: Member of NSE, BSE & MCX – SEBI Registration no.: INZ000031633 CDSL/NSDL: Depository services through Zerodha Broking Ltd. – SEBI Registration no.: IN-DP-431-2019 Commodity Trading through Zerodha Commodities Pvt. Ltd. MCX: 46025; NSE-50001 – SEBI Registration ...
Oct 16, 2012 · 1. Can i activate BSDA with Zerodha when i have trading account with one more DP, there BSDA is not activated. 2. DP charges are regulated by SEBI and it is 5.32 per transaction, How is zerodha charging around 15 Rs. We around 10 people recently opened account with Zerodha and have the same question. Please clarify both question with clarity.
Oct 4, 2024 · Zerodha charges AMC for a Demat account even when you are not using it unless your Demat account qualifies as a Basic Service Demat Account at Zerodha (BSDA). For an account to qualify as a BSDA, you need to satisfy two conditions: You should have only one Demat account across all depositories. The value of your holdings should be below Rs 50,000.
Apr 22, 2024 · BSDA account: According to SEBI, if the stock holdings in a BSDA are less than ₹50,000, the annual maintenance charges are waived. ... For instance, Zerodha, a leading discount brokerage firm ...
Dec 22, 2020 · The BSDA holders do not need to pay account maintenance charges (AMC) if the value of the holding is below Rs 50,000. If you hold this account, the value of your securities should not exceed Rs 2 Lakh at any point. Basic Service Demat Account (BSDA) is an account that can be open by individuals only. This account can be open or held by ...
I authorise Zerodha to contact me even if my number is registered on DND. I authorise Zerodha to fetch my KYC information from the C-KYC registry with my PAN. Please visit this article to know more. If you are looking to open a HUF, Corporate, Partnership, or NRI account, you have to use the offline forms. For help, click here.
What is a Basic Services Demat Account (BSDA) and how can one be opened at Zerodha? What is In-Person Verification (IPV), and why is it required? ... Can a Zerodha account be opened online if the Aadhaar is not linked to a mobile number? Can a Paytm bank account be used to open a Zerodha account? Why was the account opening process stopped, suggesting that the account is being opened from outside India based on the IP address? Why was the account opening application put on hold? ...
