How to Check Demat Account Status? Different Ways to Know it

A Demat account is a crucial part of stock market participation, allowing electronic holding of securities in dematerialised form. It functions like a bank account, allowing easy access to holdings and account details. Regular checking ensures accurate records, monitoring of securities, tracking of corporate actions, and seamless transaction execution. Checking can be done through online portals, mobile applications, or periodic statements from Depository Participant (DP). By doing this, you may stop worrying about the certificate getting lost or damaged. Opening a Demat account online can save you time and offer quick and easy trading in the stock market. This blog will address how to check my Demat account status, explaining where to check and what factors to consider before proceeding.

What is Demat Account Statement?

A Demat Account is required to keep and trade all shares and securities in electronic form, including bonds, ETFs, Mutual Funds, debentures, and more. This computerised technology facilitates trade without requiring any human documentation. When money is credited or debited from a bank account, it is cross-checked against the bank statement. The same is true for the trading process; once a deal has been executed, it is important to check the Demat Account Statement to determine the trade status and whether it was successful or failed.

How to Check Demat Account Status Online

The easiest way to check your Demat account status is online. Visit the website of your Depository Participant (DP) and log in to your account. Once you log in, you will see a dashboard that displays the status of your Demat account. You can also see your portfolio, transactions, and other details related to your Demat account.

Call Customer Care

If you do not have access to the internet or prefer to speak to someone directly, you can call the customer care number of your DP. You can ask the representative to provide you with the status of your Demat account. They will ask for verification details like your name, PAN card number, and other relevant information before sharing your Demat account status.

Through Email

Another way to check your Demat account status is to email your DP. You can email their customer care email ID and request to share your Demat account status. The DP will verify your identity before providing you with the required information.

Steps to Check the Demat Account Status

Here is the step to check the Demat account status:

• Step 1: Log in to your depository participant (DP) website or app using your client ID and password. This could be NSDL/CDSL or your stock broker if they provide Demat services.
• Step 2: On logging in, your Demat account dashboard will open. Go to the 'Portfolio' or 'Holdings' section to view all the securities in your Demat account. 
• Step 3: Check the list of securities along with their current balance. This will let you verify your existing holdings.
• Step 4: Go to the 'Transactions' or 'Account Activity' section to see the statement of transactions made in your Demat account over any selected period.
• Step 5: Review credit and debit transactions, pledges, corporate actions, blocks on securities, etc., to ensure all account activities are accurate. 
• Step 6: If you find any discrepancies, raise a complaint immediately with your DP or depository. You can also view account balances, limits, holding values, account statements, etc. for a complete picture of the Demat account status.

Check periodically and take, if necessary, prints/saves to maintain updated records of your portfolio. This can help investors maintain proper portfolio health and security.

Where to Check Demat Account Status?

So how to check if my Demat account is active or not; this is a common question traders and investors may ask so simply put, you can check the status of your Demat account on the website of your DP. Every DP has a website that provides details related to their services, including account opening, trading, and account management. You can log in to your account on the DP's website and check the status of your Demat account.

If you do not have access to the internet or prefer not to use the online method, you can call the customer care number of your DP. They will provide you with the status of your Demat account over the phone.

How to Check the Demat Account Balance?

The following is the breakdown of how to check your Demat account balance:

Things to Pay Attention While Examining the Demat Account Statement

When reviewing your statement, it's essential to understand the various details presented to make informed decisions. Here's a beginner's guide to the key elements to look for while reading your Demat account statement:

 What is the Need to Check your Demat Account Status?

Checking your Demat account status regularly is important for two main reasons:

Conclusion
Checking the status of your Demat account is essential to ensuring the safety and security of your investments. It is easy to check your Demat account status online, and you can do it with the help of this article. Make sure to keep track of your Demat account status regularly to stay updated on your investments' performance and avoid any fraudulent activities. Additionally, if you are new to trading and need help understanding it, you may check out the user-friendly trading app, which provides online support and direction.