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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

CDSL- Implementation of Facility for Basic Services Demat Account (BSDA) and Change in BO Account Opening

24-Mar-2026 | CDSL/OPS/DP/POLCY/2026/209

CDSL has issued a communique on the implementation of Facility for Basic Services Demat Account (BSDA) and Change in BO Account Opening. Through this communique, CDSL has implemented the system enhancements for facility of BSDA as mentioned in Communique no. CDSL/OPS/DP/POLCY/2026/179 dated March 13, 2026. The additional system enhancements are as follows: 1. System has been enhanced to mandatorily capture the details of Coparceners at the time of opening of HUF demat accounts. 2.Mandatory to capture date of birth for joint demat account holder/s either individual or corporates. In case of corporate holder, date of incorporation has to be captured. 3.At the time of setup or modification of the nomination details, DPs will be required to capture the relationship with the nominee, when value 'Others' is selected. 4.Validation has been implemented to capture the BSDA modification reason code for existing demat accounts. For more information kindly refer the attached document.

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