yes Chirag it can be done, but for BSDA there are a bunch of conditions set by SEBI:
•Only one demat account can be held at one point of time where they are the sole or first holder
•Any other demat account/s where they are not the first holder shall be eligible for BSDA in respect of the single demat account where they are sole or first holder
•Only one BSDA account can be in his/her name across all depositories
•Value of securities held in the demat account shall not exceed Rupees Two Lakhs at any point of time
If you meet all the conditions above, send an email out to
[email protected], someone will email you the declaration and a couple of other forms that you need to sign..