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    New threshold for basic demat accounts

    Synopsis

    Sebi proposes raising the threshold for basic service demat accounts to ₹10 lakh from ₹2 lakh, aiming to ease the financial burden on retail investors by reducing the cost of maintaining securities in demat accounts.

    New threshold for basic demat accountsReuters
    Sebi has proposed to increase the threshold for basic service demat account to ₹10 lakh from ₹2 lakh, in a bid to reduce cost of maintaining securities in demat accounts for retail investors. At present, an individual can hold debt securities worth upto ₹2 lakh and other than debt securities worth up to ₹2 lakhs in a single demat account to be eligible for BSDA.



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