If I have an existing BSDA demat account and open a new Zerodha demat and then close the old demat account, will my Zerodha account become BSDA automatically?

Zerodha Zerodha platforms
1

If I have an existing BSDA demat account [ and my demat holdings are less than Rs 5 lakh ]
and I open a new Zerodha demat and then close my old demat account, will my Zerodha account become BSDA automatically ?

Kindly clarify @ShubhS9 @Meher_Smaran @Bhuvan.

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Yes I once faced the same issue and once I closes my other demat a/c the one with zerodha automatically got classified as BSDA

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Yep. BSDA status is checked whenever AMC is charged. If only one demat exists under your PAN, it will automatically be treated as BSDA.

Btw, BSDA holding value is up to 4 lakh. Explained in detail here.

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Sure, thanks Nithin!