CDSL Circular on -Facility for Basic Services Demat Account (BSDA)

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Date of Issue: 10-3-2025

Issuer: CDSL

Facility for Basic Services Demat Account (BSDA)

Highlights of CDSL Circular dated March 10-2025

DPs are advised to refer our communiqué no. CDSL/OPS/DP/POLCY/2024/483 dated August 26, 2024, with reference to SEBI Circular SEBI Circular no. SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/91 dated June 28, 2024.

The list of BOs eligible for BSDA is based on checking for the criterion of 1st holder having only one demat account across the Depositories (CDSL & NSDL) and with the revised parameters of holding value of securities in demat account. Based on the data shared between the Depositories (CDSL & NSDL) as on February 28, 2025, we have obtained information about demat accounts held by BOs who are eligible for BSDA and BOs which are already marked as BSDA.

Based on the information as stated above, CDSL has provided the list of active BO IDs along with holding value of securities as of February 28, 2025, who are eligible for BSDA as per following criteria:

1.      Demat accounts under individual category and

2.      Value of securities held in demat account not exceeding Rs. 10 lakhs for debt and other than debt securities combined as on February 28, 2025, and

3.      One demat account of first holder across depository where verified PAN of the first holder is available. This criteria has not been applied in case of PAN exempted BO IDs.

The file with naming convention as “BLNG<DPID>_BSDA_FEB2025.tar” has been kept in the respective billing folder of DPs in which following files will be available:-

1.      “BLNG<DPID>BSDA_BOPAN_FEB2025.lst” - For eligible BO IDs for BSDA having verified PAN as per above mentioned criteria.

2.      “BLNG<DPID>BSDA_PANEXEMPTBO_FEB2025.lst” - For eligible BO IDs for BSDA under PAN exempt category as per above mentioned criteria.

3.      “BLNG<DPID>BSDA_MULTIPLE_ACs_FEB2025.lst” - For BOIDs which are marked as BSDA currently but having another account with CDSL and/or with NSDL (on the basis of 1st holder PAN). DPs can use BO modify upload for unmarking of such accounts as BSDA and inform the said BOs accordingly.

4.      “BLNG<DPID>BSDA_FLAG_ALL ACCOUNTS_FEB2025.lst”- The file contains List of all (including BSDA opted out) BO accounts of the respective DPs, giving the details of PAN / BO ID / Date of Opening / Present BSDA flag as per CDAS (Y / N /O) / As per BSDA

eligibility Criteria {Status of BSDA Eligible (E) or Multiple Accounts of same PAN (M) or Not Eligible for BSDA (N)}. Data shared from November 2024 onwards, eligibility information against Opted Out accounts will not be made available.

In case of any clarification or assistance required in the implementation of this circular, you may contact       

Kaushik Jethwa - kau...@secmark.in / 9870210171

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