The Basic Services Demat Account (BSDA) was introduced by SEBI in 2012 to encourage retail participation in the stock markets. As per SEBI's circular (WEB), starting 1st September 2024, your demat account will automatically be categorised as a BSDA if the following conditions are met:
- You have only 1 demat account registered with your PAN across all brokers. You can find out how many demat accounts you have by downloading the Consolidated Account Statement (CAS).
- The value of your holdings in the demat account is less than ₹10,00,000
Account Maintenance Charges (AMC) for BSDA
The Account Maintenance Charge (AMC) for BSDA is charged based on the value of your holdings. The table below compares the maximum value of holdings under the old and new BSDA guidelines:
| Slab | Before 1st September 2024 | After 1st September 2024 | AMC |
| 1 | Up to ₹50,000 | Up to ₹4,00,000 | ₹0 |
| 2 | ₹50,001 to ₹2,00,000 | ₹4,00,001 to ₹10,00,000 | ₹25 per quarter + 18% GST |
| 3 | Above ₹2,00,000 | Above ₹10,00,000 1 | ₹75 per quarter + 18% GST |
AMC is charged quarterly, i.e., every 91 days starting from your account opening date, and is deducted from your Zerodha account. These charges are reflected in your funds statement, which you can access at console.zerodha.com/funds/statement.
Example scenarios
AMC calculation from 1st September 2024:
- Your Zerodha account was opened on September 5, 2024. The highest value of your holdings for the first quarter (ending January 5) was ₹4,50,000. The AMC charged for the first quarter would be ₹25 as per slab 2 and will be due on April 5.
- The highest value of your holdings for the 2nd quarter was ₹12,50,000. The AMC charged for the quarter would be ₹75 as per slab 3.
- The highest value of your holdings for the 3rd quarter was ₹7,00,000. As per slab 2, the AMC charged for the quarter would be ₹25.
AMC calculation till 31st August 2024:
- Your Zerodha account was opened on January 5, 2022. The highest value of your holdings for the first quarter (ending April 5) was ₹1,50,000. The AMC charged for the first quarter will be ₹25 as per slab 2 and will be due on April 5.
- The highest value of your 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 your holdings for the third quarter was ₹1,00,000. As per slab 2, the AMC charged for the quarter would be ₹25.
To learn how to open a trading and demat account online for free, see How to open a Zerodha demat account online?
Note: 1 If the value of your holdings is above ₹10,00,000, your account will not be considered as BSDA.