Table of Contents
What is Bsda removal?
The concept of Basic Services Demat Account (BSDA) was introduced by SEBI in 2012. The idea was to reduce the burden of demat charges on investors with a small portfolios below a threshold of Rs2 lakhs. Demat accounts entail a plethora of charges.
What is Icici direct Bsda account?
BSDA is a special category of demat account which can be opened / held only by individual investors. 2. Such first /sole holder should not have any other demat account with him/her as the first / sole holder across depositories and the value of the securities held in the demat account shall not exceed Rs.
How do I change my Bsda account to a normal account?
For the automatic conversion of the existing demat account, you need to have a single demat account. Stockbrokers levy the annual maintenance charge depending on the highest value of the holdings during the year.
Is my account Bsda?
To know what a Basic Service Demat Account(BSDA) is, click here . On the date of account maintenance charge(AMC) billing, if the value of your assets(stocks+Mutual funds) falls below Rs. 2,00,000/-, then your account automatically qualifies as a BSDA account.
Is Icici Direct costly?
ICICIDirect charges Rs. 300 per annum with respect to the annual maintenance charges for Trading Account and Rs. 0 per annum with respect to the annual maintenance charges for Trading Account.
How is Icici direct brokerage calculated?
- Turnover. ₹ 1,00,000.00.
- Delivery Brokerage Rate. 0.55\% on order value.
- Brokerage Applicable. ₹ 550.00.
- ₹ 100.00.
- Exchange Charges. ₹ 3.00.
- ₹ 99.54.
- ₹ 0.05.
- Stamp Duty Charges. ₹ 15.00.
What is the difference between Bsda and regular demat account?
BSDA and regular demat accounts are similar and the only key difference is the maintenance charges. If you open a BSDA type of demat account, then you need not pay any maintenance charges if you have holdings below Rs. 50,000.
What is average cost price in ICICIDirect?
The average price is calculated as the Net Trade Value divided by the Net Qty. 6. On clicking on the update portfolio button, all the selected trade’s will be updated in the portfolio page.
How do I convert Bsda to non Bsda?
To benefit from BSDA, the holding value in your account shouldn’t have gone higher than the slabs mentioned above throughout the year. If your holding value exceeds the threshold or you open additional DEMAT accounts with any broker, your BSDA DEMAT account will be converted to a non-BSDA account.
Can I open Bsda account online?
To know what a Basic Service Demat Account(BSDA) is, click here . If you’re opening a DEMAT account online , the conversion of your account to a Basic Service Demat Account(BSDA) will be automatic if it meets the below-mentioned criteria.
How do I add an additional bank account in icicidirect?
You will be required to visit your nearest ICICIdirect Store and fill the request form for mapping an additional Bank account to your trading/ investment account.
What is the registration number of ICICI Direct?
ICICIdirect.com is a part of ICICI Securities and offers retail trading and investment services. Member of National Stock Exchange of India (Member Code :07730), BSE Ltd ((Member Code :103) & Metropolitan Stock Exchange and having SEBI Registration number INZ000183631.
Is it mandatory to register for the SMS alert facility before BSDA?
● It is mandatory to register for the SMS alert facility before opting for the facility of BSDA. ● Facility is available only for Individual Demat accounts (Excluding HUF accounts). ● Customer should have only one demat account in his capacity as a sole holder or a first holder in the whole depository system. i.e.