The National Securities Depository Limited (NSDL) on October 01, 2026, issued the Amendments to NSDL Business Rules in relation to the BSDA and Income range.
NSDL has amended its Business Rules relating to BSDA declaration in Form 9 (Account Opening Form for Individuals) and the income-range details in Form 11 (Account Opening Form for Non-Individuals). Participants are required to take note of the revised forms and ensure compliance. The amended Form 9 continues to provide the option for individuals to opt for a BSDA account or not, while Form 11 revises the income-range fields for non-individual account holders.
The detailed circular is attached below.
[Notification No. - NSDL/POLICY/2026/0146]
