The Central Depository Services (India) Limited (CDSL) on June 06, 2024, issued a circular regarding the Facility for Basic Services Demat Account (BSDA).
It is stated that till February 2016, the list of BOs eligible for BSDA was based on checking within CDSL for the criterion of 1st holder having only one Demat account. In May 2024, we obtained information about Demat accounts in NSDL, if any, held by BOs who are eligible for BSDA and also by BOs already marked as BSDA.
Based on the information obtained from NSDL, CDSL has provided the list of active BOIDs along with holding valuation as of May 31, 2024, who are eligible for BSDA as per the following criteria:
• Demat accounts under individual categories and
• Value of securities held in Demat account
o Not exceeding Rs. 2 lakhs for debt securities as of May 31, 2024.
o Not exceeding Rs. 2 lakhs for non-debt securities as of May 31, 2024.
• Demat accounts registered for SMART facility and
• One Demat account of the first holder across the depository where verified PAN of the first holder is available. This criterion has not been applied in the case of PAN-exempt entities.
[Circular No. CDSL/OPS/DP/POLCY/2024/306]
