The Central Depository Services (India) Limited (CDSL) on January 14, 2026, issued a notification regarding incentive to DPs for opening and maintaining BSDA Accounts for the F.Y. 2024-2025.
The following has been stated: -
•As per SEBI Circular (December 09, 2015), eligible DPs are paid BSDA incentives annually; for FY 2024-25, incentives include ₹100 per new eligible BSDA (outside top 15 cities with one credit) and ₹2 per folio per distinct ISIN.
•Incentives are paid proportionately, limited to 20% of depositories’ incremental issuer revenue, and detailed incentive files are placed in each DP’s billing folder.
•To claim payment, DPs must raise a GST-compliant tax invoice to CDSL (e-invoicing mandatory if turnover > ₹5 crore).
•Payment is subject to applicable TDS and submission of required documents such as PAN, GST details, cancelled cheque, MSME status, and vendor registration form.
The detailed notification is given in the document below.
[Notification No.: CDSL/OPS/DP/POLCY/2026/32]
