Can I convert my current Demat account into BSDA?

Yes, if you feel that you do not transact much on your demat account and have securities of an amount less than Rs 2 Lakh, then you can convert it to a BSDA account. The conversion is free of cost and you need not pay any extra cost for it.

The process of changing your demat account in the BSDA account is simple. All you need is to write to your depository participant and broker to shift your account. From the next billing session, your account will be considered BSDA.