POSTED BY October 10, 2012 12:14 pm COMMENTS (6)ON
Today I recieved an email from my DP
Please explain what is this about
Dear PUNIT GOHIL,
Ref: Your DP BO A/c 1304140001827898
It has been observed from our records that the value of holdings as on Sept 30, 2012 in your DP BO account referred to above is below Rs. 2 Lacs.
This is to inform you that SEBI has introduce Basic Services Demat Account (BSDA) with limited services vide circular no. CIR/MRD/DP/22/2012 dated August 27, 2012. In terms of this circular, an individual shall be eligible to opt for BSDA only if he / she fulfils the below mentioned conditions:
1. Individuals who have or propose to have only one demat account where they are the sole or first holder.
2. Individuals having any other demat account/s where they are not the first holder shall be eligible for BSDA in respect of the single demat account where they are sole or first holder.
3. An individual shall have only one BSDA in his/her name across all depositories.
4. Value of securities held in the demat account shall not exceed Rupees Two Lakhs at any point of time.
For any further assistance, you may write to us at email@example.com or visit our nearest branch or contact our helpdesk on 022 – 39886000.
This email is being sent to you in terms of clause 3(b) of the aforesaid SEBI circular.
Reliance Securities Limited