Sebi Raises BSDA Threshold to Rs 10 Lakh, Enhancing Small Investor Access
The Securities and Exchange Board of India (Sebi) has increased the threshold for Basic Services Demat Account (BSDA) holdings to Rs 10 lakh, effective September 1. This move aims to attract more small investors to the securities market and encourage financial inclusion through more affordable demat accounts.
![Sebi Raises BSDA Threshold to Rs 10 Lakh, Enhancing Small Investor Access](https://devdiscourse.blob.core.windows.net/aiimagegallery/28_06_2024_13_53_47_3068788.png)
- Country:
- India
In a bid to boost participation of small investors in the securities market, the Securities and Exchange Board of India (Sebi) has raised the threshold for Basic Services Demat Accounts (BSDA) to Rs 10 lakh, up from the previous limit of Rs 2 lakh.
The new guidelines are set to come into force on September 1, as stated in a circular issued by Sebi. The revision aims to encourage small investors to participate more actively in the stock market by providing them with cost-effective demat account services.
Sebi introduced the BSDA in 2012 to alleviate the burden of demat charges on investors with smaller portfolios. An individual qualifies for a BSDA if they meet specific criteria, including holding only one demat account and having a cumulative securities value of not more than Rs 10 lakh at any given time.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
ALSO READ
Southern Africa Shows Strong Financial Inclusion Progress, Emphasizes Digital Solutions
Role of SLBCs in Promoting Financial Inclusion and Digital Literacy Highlighted
Secretary of DFS Chairs Review Meeting on Financial Inclusion with PSBs and Government Agencies
Finance Ministry Evaluates Public Sector Banks' Progress on Financial Inclusion Schemes
Northern Arc Capital Raises $75 Million from FMO for Financial Inclusion