This is to inform you that for conversion of the BSDA Demat account, you will need to fulfill the below conditions:
a. You should not have a BSDA Demat account with another broker or with us (Only 1 BSDA Demat account is acceptable)
b. You should be Sole or the First Holder of Account.
c. Holding Value should be less than 2 Lacs.
AMC/MMC for BSDA Account Holders:
a. If Holding is less than 50,000 then AMC/ MMC will be zero.
b. If Holding is between 50,001 to 2 Lacs, then AMC will be Rs 100 + GST i.e. Rs 118.
c. If Holding is more than 2 Lacs, then AMC will be Rs 150 + GST i.e. Rs 177 and MMC will be Rs 25 + GST i.e. Rs 29.50
If you fulfill both of these conditions, please download, fill and courier us the below forms to convert your Demat account with us to BSDA.
This is the link for the Demat Account Modification Form: https://upstox.com/files/kyc-details-change-form-for-individual.pdf
We have attached a BSDA declaration form with this article
Kindly fill the below details in Demat Modification form;
Tick on "CDSL" option
Write Client ID "_________"
Name in the First holder column
Details - BSDA
Addition/Modification/Deletion - Modification
Existing Details - Individual Account
New Details - BSDA Account
Name and Signature in the First holder column
Kindly follow the below details in BSDA Declaration form;
Write Client ID "_______"
Name in First holder column and Pan number
Signature in First holder column
Once you fill up the form then you can send us on the below mentioned address
Harishchandra Sawant (Upstox)
30th floor, Sunshine Tower,
Senapati Bapat Marg,
Dadar (W),Mumbai : 400013
Once the courier is received, your BSDA Demat account will be activated within 3 - 4 working days.
If your query is still not resolved, please raise a ticket here.