uTrade AlgosYes, an NRI is eligible to open a BSDA (Basic Services Demat Account) with Share India, provided the user meets the eligibility criteria for a BSDA.
The eligibility criteria for a BSDA account are as follows:
- You need to have a capital of less than ₹2 lakh, which includes the capital plus your profit in your Demat account.
- You cannot open a joint account in the BSDA category. Any investor can open this Demat account in their sole capacity.
- You must be a first-time Demat account holder.
- The investor can keep only one BSDA.
A Basic Services Demat Account (BSDA) is a simplified version of a regular Demat account. It’s perfect for individuals who want to invest in stocks and mutual funds with minimal initial investment and operational costs.
You can easily open a BSDA with Share India. Simply complete the application forms, gather the necessary supporting documents, and send them via courier to the address provided below.
Share India Corporate Office,
A-15, Sector 64, Noida,
Distt. Gautam Buddha Nagar,
Uttar Pradesh-201301
If you need any help, you can contact our support team at 18002030303 or write to us at support@shareindia.com.
Application Forms