What is a Basic Service Demat Account (BSDA) and how can one be opened at Zerodha?
A Basic Service Demat Account (BSDA) is a demat account intended for small investors who do not or cannot regularly invest in stocks, bonds, ETFs, mutual funds, etc. The BSDA can be maintained at a reduced cost.
A demat account is automatically considered a Basic Service Demat Account (BSDA) if the following conditions are met:
- If only 1 demat is registered with that PAN across brokers.
- The value of the holdings in the demat account is less than ₹2,00,000.
AMC is charged per quarter, i.e., every 90 days starting from the account opening date, and is deducted from the Zerodha account. AMC is posted on the funds statement, and the amount can be seen by visiting console.zerodha.com/funds/statement.
The AMC for a Basic Service Demat Account (BSDA) account is charged based on the value of the holdings and is as follows:
| Slab | Highest Holding Value | AMC (exclusive of GST) |
| 1 | Up to ₹50,000 | No AMC |
| 2 | ₹50,001 to ₹2,00,000 | ₹25 per quarter |
| 3 | Above ₹2,00,000 | ₹75 per quarter |
Example scenario
-
A Zerodha account was opened on the 5th of January, 2022. The highest value of the holdings for the 1st quarter (ending 5th April) was ₹1,50,000. The AMC charged for the 1st quarter would be ₹25 as per slab 2 and will be due on the 5th of April.
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The highest value of the holdings for the 2nd quarter was ₹2,50,000. The AMC charged for the quarter would be ₹75 as per slab 3.
- The highest value of the holdings for the 3rd quarter was ₹1,00,000. The AMC charged for the quarter would be ₹25 as per slab 2.
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