The Central Depository Services (India) Limited (CDSL) on October 10, 2024, issued a circular regarding the facility for the Basic Services Demat Account (BSDA).
The list of BOs eligible for BSDA is based on checking for the criterion of 1st holder having only one demat account across the Depositories (CDSL & NSDL) and with the revised parameters of holding value of securities in demat account. Based on the data shared between the Depositories (CDSL & NSDL) as on September 30, 2024, we have obtained information about demat accounts held by BOs who are eligible for BSDA and BOs which are already marked as BSDA.
Based on the information as stated above, CDSL has provided the list of active BO IDs along with holding value of securities as of September 30, 2024, who are eligible for BSDA as per following criteria:
• Demat accounts under individual category and
• Value of securities held in demat account not exceeding Rs. 10 lakhs for debt and other than debt securities combined as on September 30, 2024, and
• One demat account of first holder across depository where verified PAN of the first holder is available. This criteria has not been applied in case of PAN exempted BO IDs.
[Circular No. CDSL/OPS/DP/POLCY/2024/602]
