The Central Depository Services (India) Limited (CDSL) on June 17, 2026, notified regarding the Conversion of the Demat Account to the BSDA in each quarter.
The following has been stated:
• Pursuant to SEBI’s measures on ease of investment and ease of doing business, CDSL has reminded Depository Participants (DPs) to reassess the eligibility of all existing Beneficial Owner (BO) accounts for conversion into Basic Services Demat Accounts (BSDA) at the end of every quarter. Eligible demat accounts must be automatically converted to BSDA unless the account holder provides explicit consent through an authenticated and verifiable channel to continue with a regular demat account.
• To ensure timely compliance, DPs are required to complete the conversion of all eligible existing demat accounts into BSDA within 10 working days from the end of each quarter. CDSL has also referred DPs to the previously introduced system enhancements that facilitate the identification and conversion of eligible accounts into the BSDA category.
[Notification no. - CDSL/AUDIT/DP/POLCY/2026/409]
