BSDA Regulatory Reporting for Brokerage Firms

BSDA Regulatory Reporting for Brokerage Firms

BSDA Regulatory Reporting for Brokerage Firms

The Problem

Scrutiny of BSDA List

  • As per SEBI Circular CIR/MRD/DP/22/2012, all depository participants (DPs) shall make available a “Basic Services Demat Account” (BSDA) for the benefit of retail investors
  • The brokerage firm gathers the entire data, of around 3 Million people, to scrutinize from various sources
  • The endgame is to identify clients that are eligible for free DP account on the basis of multiple parameters set by SEBI (mentioned here)
  • The entire process is critical as revenue depends on it as well as the NSDL reporting


  • All eligible individuals to have only one demat account where they are the sole or first holder
  • An individual can have only one BSDA in his/her name across all DP
  • Value of securities shall not exceed Rupees Two Lakhs at any point of time
  • No (AMC) if the value of holding is up to Rs. 50,000
  • AMC not more than Rs 100 for value of holding from Rs 50,001 to Rs 200,000
  • People who have any other demat account where they aren’t the first holder, are also eligible for BSDA

Before Sheetkraft

After Sheetkraft



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