Saturday, September 15, 2012

SEBI INTRODUCES NO FRILLS DEMAT A/C

The Securities and Exchange Board of India (SEBI) has introduced a no-frills or basic trading
account for small shareholders. The regulator has directed all depository participants to provide a
"basic services demat account" (BSDA), which would have a substantially lower cost and come
with basic services. BSDAs will have no annual maintenance charges if the value of securities
held in the account is less than Rs 50,000. If the value of securities is between Rs 50,000 and
Rs 2 lakhs, the investor will have to pay an annual charge of Rs 100.

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