Regulatory Alerts2025-12-24
Enhancement of the Facility for Basic Services Demat Account (BSDA)
The Securities and Exchange Board of India (SEBI) has issued a circular to enhance the Basic Services Demat Account (BSDA) facility by excluding Zero Coupon Zero Principal bonds and delisted securities from the eligibility threshold calculation. Depository Participants are now required to reassess BSDA eligibility every quarter and value illiquid securities at their last closing price while obtaining active consent from beneficiaries to maintain regular demat accounts. These measures, effective from March 31, 2026, mandate depositories to update their systems and regulations within 90 days to facilitate ease of doing business and investment.
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