New threshold for basic demat accounts

Sebi proposes raising the threshold for basic service demat accounts to ₹10 lakh from ₹2 lakh, aiming to ease the financial burden on retail investors by reducing the cost of maintaining securities in demat accounts.

has proposed to the for basic service to ₹10 lakh from ₹2 lakh, in a bid to in for . At present, an individual can hold worth upto ₹2 lakh and other than worth up to ₹2 lakhs in a single demat account to be eligible for .

Source: Stocks-Markets-Economic Times