What are types of demat account?

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Demat account have mainly 4 types; which are:

  • Regular Demat Account

    A regular demat account is for investors residing in India. The shares purchased by investors are held in digital format in the account. In a regular demat account, there are no restrictions on the maximum value of securities held.

  • Basic Services Demat Account (BSDA)

    Recently, SEBI has also introduced the Basic Services Demat Account (BSDA) which is similar to a regular demat account with some variations. In BSDA, there are no account maintenance charges for investment up to Rs 50,000. Although, investment between Rs 50,001 and Rs 2,00,000 is charged at Rs 100 per annum. In any case, the maximum value of securities should not be greater than Rs 2 lakh to utilise benefits of BSDA account.

  • Repatriable Demat Account

    The Repatriable Demat Account is for Non-Resident Indians (NRIs) to hold securities in a dematerialized form. Although, NRI also requires a Non-Resident External (NRE) bank account along with Repatriable Demat Account. In a calendar year, NRI can transfer a maximum of USD 1 million of wealth abroad.

  • Non-Repatriable Demat Account

    This account is also for Non- Resident Indians (NRIs), but fund transfer to abroad is not allowed. NRI investors also require an NRO bank account linked with Non-Repatriable Demat Account to buy or sell securities.


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