SEBI has decided that all depository participants (DPs) shall make available a "Basic Services Demat Account" (BSDA) with limited services and reduced costs

SEBI has decided that all depository participants (DPs) shall make available a "Basic Services Demat Account" (BSDA) with limited services and reduced costs. The Annual Maintenance Charges (AMC) structure for BSDA shall be on a slab basis; if the value of holding is
(i) upto Rs. 50,000 ther will be NIL AMC and
(ii) for value of holding from Rs 50,001 to Rs 200,000 AMC will be upto Rs. 100.

For more information visit:

http://www.sebi.gov.in/sebiweb/home/detail/24288/yes/PR-Facility-for-a-Basic-Services-Demat-Account-BSDA-