Multiple choice

The Securities and Exchange Board of India (SEBI) has introduced a new type of Demat Account called “Basic Services Demat Account [BSDA). Which of the following is one of its features?

  1. Individuals are eligible to have multiple BSDA account across all depositories.

  2. Investors will receive transaction statement on annual base.

  3. Investors can avail at least two delivery instruction slip during account opening.

  4. Investors can avail SMS alert facility for credit transactions.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

BSDA was designed for small investors with minimal holdings. One key feature was that investors could avail at least two delivery instruction slips (DIS) during account opening. Option A is incorrect - only one BSDA per individual across depositories is allowed. Option B is incorrect - statements are provided quarterly, not annually. Option D is incorrect - SMS alerts were not a BSDA feature.

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