Demat Account India: How to Choose Best Demat Account?
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Hello Shamily.
There are 2 types of DEMAT ACCOUNT namely:
i)BASDA
ii)Full-Fledged DEMAT ACCOUNT
BASDA stands for BASIC SERVICES DEMAT ACCOUNT. AS the name suggests, BASDA is an account which has only basic services related to trading in stock market. Also u cant have more than one BASDA Account in ur name and also the investment limit is INR 2 Lacs. There is no maintenance charge on such accounts and have minimal trading/broking charges.
Full-Fledged DEMAT ACCOUNT: As the name suggests, Full-Fledged DEMAT ACCOUNT are DEMAT ACCOUNTS with complex services required for trading in a stock market and for trading over INR 2 Lacs.
You can choose them as per ur requirements.
Happy Trading!
Any other query, please feel free to contact.
Regards,