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How to Know Demat Account Number?

How to Know Demat Account Number?

Today's stock exchange has transformed into digital trading, where shares are bought via Internet platforms. Additionally, these shares are kept in a Demat account in a dematerialised manner.

To trade in the stock market, an individual is required to open a Demat account with a stockbroker, who is also known as a depository player. Investors will get a Demat account number upon establishing an account. However, finding out your Demat account number is a typical question among investors. If you are a shareholder, continue reading to learn how to obtain your Demat account number.

What is a Demat Account Number?

The Demat account number has a 16 digit number that investors will get once they open their Demat account. It represents the precise identification of every investor who makes investments within the stock market. To facilitate stockbrokers' and buyers' checks of their funding portfolios, the Indian Stock Exchange Board has made it obligatory for every investor to have a Demat account number.

When an investor purchases and sells shares or applies for diverse initial public offerings, this 16 digit Demat account number will be used to symbolise the investor. In T+2 days, the shares purchased or bought via buyers are credited or debited from their Demat account based on the Demat number. 

A combination of the following two elements constitutes the Demat account number:

1. DP ID

Depository institutions, such as NSDL and CDSL, identify participants by assigning numbers to finance entities like banks and brokers. The DP ID of the Demat account opening institution is the initial eight digits of the 16-digit Demat number when a customer transfers his or her Demat account to one of these entities.

2. Customer ID

The client ID given to every purchaser with the aid of the stockbroker who opens a Demat account with the institution shall be the next eight digits of the 16-digit Demat account number. The eight numbers are unique to every investor and can't be repeated for 2 buyers. You can easily find the Demat account number online.

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Table of Content

  1. What is a Demat Account Number?
  2. How to Know My Demat Account Number?
  3. There are several ways to locate your Demat account number:
  4. What is a Depository Participant?
  5. Importance of the Demat Account Number
  6. Two Formats of Demat Account Number
  7. How to Find Demat Account Number?
  8. How to get Demat Account Number using a PAN card?

How to Know My Demat Account Number?

Your Demat account is a distinct numbe­r, the depository assigns you. It's eithe­r from NSDL (National Securities Depository Limite­d) or CDSL (Central Depository Service­s Limited). Knowing this number matters for ke­y tasks like checking stateme­nts, trading, or transferring holdings.

With CDSL, to discover "How to know your Demat account number," it's a unique 16-digit Beneficiary Owne­r ID (BO ID), e.g., 1234567890123456. But if you're with NSDL, it's 14 digits plus 'IN' added, like­ IN1234567890123. Staying aware of this identifier prove­s crucial for managing your investments smoothly.

There are several ways to locate your Demat account number:

1. Check your account opening documents or welcome letter provided by your Depository Participant (DP) when you opened the account.

2. Review your trade confirmations or contract notes, as your Demat account number is typically listed there.

3. Log in to your DP's online portal or mobile app, where your Demat account number should be prominently displayed.

4. Contact your DP's customer service representative and request your Demat account number.

What is a Depository Participant?

A Depository Participant (DP) is a registered intermediary between traders and depositories such as NSDL and CDSL that provides electronic services for storing, buying, and selling securities. DPs enable the opening and maintenance of Demat accounts and provide a beneficial platform for purchasing, trading, and shifting securities. Registered and regulated through SEBI, DPs ensure the protection and integrity of traders' holdings, facilitating clean transactions within the securities marketplace.

How to Know Demat Account Details by Account Number?- H2 Listicles

Knowing your Demat account details by account number is important for managing your investment portfolio effectively. The following is how you can obtain your account details using your Demat account number:

  • Online Portal:

    Most of the DP’s provide an online portal or mobile app where you can log in with your Demat account number and observe the account history that allows us to observe the current holding, transaction history and other information.

  • Account Statements:

    Your DP is required to provide periodic account statements, commonly monthly or quarterly. These statements display your Demat account number along with your details, securities holdings, and transaction information.

  • Customer Support:

    You can contact your DP's customer service team and provide your Demat account number. They can verify your identity and provide your account information, including your call, address, contact information, and other applicable details related to the account.

  • Account Opening Documents:

    Refer to the account opening documents or welcome letter provided by your DP when you initially opened your Demat account. These documents should contain your Demat account number and other pertinent account details.

Importance of the Demat Account Number

The Demat account number is extremely important since it is the number that functions as your identity in the financial market. Stock buying and selling will not be possible without a Demat account number. The Demat account number is more specific to your investments than your registered name and enables stockbrokers to verify the transactions made in your Demat account.

Additionally, segregating the investments made within each Demat account would be difficult if an investor had many Demat accounts. Therefore, having a unique Demat account number greatly aids in separating the investments of several Demat accounts and methodically organising the portfolio. Investors can use the 16-digit Demat account number's distinctive identity to seek redress in cases of transactional mismatch thanks to the Demat account numbers. Just find the Demat account from your brokerage platform & note it for future reference.

Two Formats of Demat Account Number

The format of your Demat account range relies upon the depository organisation you're associated with, either CDSL (Central Depository Services Limited) or NSDL (National Securities Depository Limited).

  • CDSL Demat Account Number:

    If your Demat account is with CDSL, your account number might be a sixteen-digit Demat account variety/ numeric code called the beneficiary owner ID (BO ID).
    For instance: 1234567890123456

  • NSDL Demat Account Number:

    If you have an account at NSDL, the statement of your Demat account with your 14-digit account number will include the letters “IN,” which is on the NSDL Demat account statement.
    For instance: IN1234567890123
    In both formats, the first eight digits represent the depository participant (DP) ID, which identifies the stockbroker or financial institution with which you opened your account. The remaining digits are your unique client ID assigned by the DP.

How to Find Demat Account Number?

When you open a Demat account, you will be issued a welcome letter from the depository; there, you can find the Demat account number. This letter will contain all information about your account, including the Demat Account Number. It can also answer your question about how to check if my demat account is active or not. So, to retrieve your Demat account number using the BlinkX app, follow the steps below:

  • Step 1: Launch your stock trading app and go to the EXPLORE section. 
  • Step 2: Now go to the profile settings.
  • Step 3: Here, you can access your account details, such as your Demat account number and customer ID.

How to get Demat Account Number using a PAN card?

If you do not know, the income tax authorities of India have made it mandatory for your Demat account to be associated with a PAN card. Learn how to find the Demat account number from pan card in the following way:

  • First, you search for your PAN card number on your registered email ID.
  • You can check your Demat account number by finding the mail from the CDSL, the NSDL depository, or from the welcome mail sent by your stock broker.

Therefore, your Demat details are linked to your PAN number. There is no need to search for details about your account, such as the number of accounts and securities held in a Demat account. Once you have attached the Demat account to a PAN card that you must use if you want to manage it.

Conclusion
You can locate your Demat account quantity in the depository’s welcoming email or in the profile section of your DP-provided trading platform. It is useful if an account holder is aware of the Demat account, even though they do not need to memorise it. Every time a financial transaction takes place, the brokerage company cites an individual's account on their behalf.  To know your Demat account details by your Demat account number, you can check your online statement or contact your online trading app customer care number.

FAQs on Demat Account Number

The client's ID and the Demat account number are almost identical. A client ID in a Demat account is given through the broker after an account is opened. Part of the customer ID is made up of the remaining eight digits of a Demat account number.

No, it's fine to keep the Demat account number information confidential, just like you'll together with your financial institution account facts. Sharing your account number puts your holdings at risk due to the fact any unauthorised individual can quite simply access your portfolio and execute trades on your behalf.

Yes, your Demat account number is constantly the same for all the financial contraptions you maintain in a specific Demat account, such as stocks, bonds, mutual funds, and IPO allotments.

The account opening method may take anywhere from 24 hours to twenty days, depending on how fast your submitted details are processed and validated via the authorities.

The Depository Participant (DP) provides a unique alphanumeric identifier, known as your Demat account number.

You can test the status of your Demat account by logging into your DP's online portal or contacting their customer service.

For NSDL Demat account details, you can go to the NSDL website and use the "Demat Account Status" feature to know your account details.

Your Demat account number is normally mentioned at the account beginning form, welcome letter, or account statements given by your DP.

If you forget your demat account number, you could always contact your depository participant (DP) or stockbroker's customer support, who will guide you through the solution to recover it.