The BSDA facility, offering limited services for eligible individuals, was introduced to promote wider financial inclusion and encourage holding of demat accounts. No Annual Maintenance Charges (AMC) will be levied if the value of securities held is up to Rs. 50,000. For holdings between Rs. 50,001 and Rs. 2,00,000, an AMC not exceeding Rs. 100 will be charged. In the case of debt securities, no AMC is charged for holdings up to Rs. 1,00,000, and a maximum of Rs. 100 AMC is applicable for holdings between Rs. 1,00,001 and Rs. 2,00,000.
In cases of transposition-cum-dematerialization, clients can have securities dematerialized in the same account if the names on the certificates match the names on the account, though in a different order. This can be done by submitting the security certificates along with the Transposition Form and Demat Request Form.
Linkages with the Clearing System enable the actual delivery of securities from selling brokers to the clearing system, and from the clearing system to the buying brokers.
Bonus issues, Rights issues, IPOs, Margin Pledging benefits, Demat of shares, Demat of NSC/KVP (subject to ISIN availability), and Demat of warehouse receipts
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.*****No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.*****Prevent Unauthorized Transactions in your demat account:Update your Mobile Number with your Depository Participant and Trading member. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day.........issued in the interest of investors.