SEBI has issued a draft circular on “Facility for Basic Services Demat Account (BSDA)”. Public comments are invited on the Draft Circular including the following:
- Whether the BSDA limit should be enhanced over and above the proposed limit of 10 lakhs? If yes, any specific reasons for the same.
- Whether, instead of a combined limit which shall be fungible across debt and other than debt securities as proposed, separate limits should be retained for debt securities and other than debt securities?
- Whether the annual maintenance charges (AMC) for BSDA should be reviewed further?
The comments/ suggestions should be submitted latest by June 26, 2024 online.
