New Delhi, Nov. 24 -- The Securities and Exchange Board of India (SEBI) has on 24 November proposed changes to the Basic Services Demat Account facility, with aim to improve ease of doing business and improve financial inclusion across India.

The markets regulator in a circular on Monday titled 'Ease of investments and ease of doing business measures - Review of the 'Facility for Basic Services Demat Account (BSDA) for Financial Inclusion' made a host of proposals in its consultation paper.

Basic Services Demat Account facility or BSDA is a "special category" or more stripped-down version of a usual demat account. Introduced in 2012, the facility allows investors with small portfolios to trade on reduced demat charges.

According to SEB...