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How to open a Basic Service Demat account (BSDA) at Zerodha?

A Basic Service Demat Account (BSDA) is a Demat account which is intended for small investors who don’t or can’t invest regularly in stocks, bonds, ETFs, mutual funds, etc. The BSDA can be opened and maintained at a reduced cost. 

A criterion for BSDA is that you need to have only one single Demat account i.e. the BSDA needs to be your only Demat account across all depositories and that the value of your holdings should be less than or equal to the below-mentioned limits.

Holding Value
AMC Charges (exclusive of GST)
Up to Rs 50,000No AMC
Rs 50,000 to Rs 2,00,000Rs 100
Above Rs. 2,00,000
Rs. 300

The charges to open a BSDA is the same as a normal equity demat account.

To open a BSDA account, at the time of filling the Demat application form, you will have to put a tick mark on ‘Yes' where you see the option to avail the BSDA facility.

If you're opening an account online, your account will get converted to a BSDA account automatically. As on the billing date of annual maintenance charge, if the highest value of the total assets in an account fall below the BSDA limit during the charge period and if your account qualifies to be a BSDA account, the account is automatically converted to BSDA, and levies as applicable to a BSDA are charged. Currently, at Zerodha, we bill all our clients on a quarterly basis from the account opening date.

Note: If you had an existing Demat account, but you closed it and then opened a Zerodha demat account, your account will be eligible to be a BSDA if the above-mentioned criteria have been met.