BSDA Account| Basic Sevices Demat Account in India

A Basic Services Demat Account (BSDA) in India is designed for small investors who seek a low-cost option for holding securities. The BSDA account simplifies investment in stocks, mutual funds, bonds, ETFs, etc.. It is for those who may not invest frequently or hold large volumes of securities. It’s an initiative by SEBI to make the securities market more accessible to the average person. Now, what are the features of the Basic Services Demat Account, and what is the eligibility?