How to Know Your Demat Account Number?

How to Know Your Demat Account Number?

A Demat account number is a unique 16-digit alphanumeric number assigned to individual investors when they open a Demat account online. It is essential for investors to use a Demat account in order to trade on the stock market. A Demat account is an electronic repository that stores the shares and other types of financial securities. When you open a demat account with a depository participant, you are assigned a demat account number that gives you a financial identity. In this article, we will learn how you can know your demat account number.

What is a Demat Account Number?

The Demat account number is a sixteen-digit numerical code or number that investors will receive when they open their accounts. It represents the unique identity of every investor at the time in which he or she trades and makes investments in the stock market. In order to facilitate stockbrokers' and investors' assessments of their investment portfolios, the Indian Stock Exchange Board has made it mandatory for each investor to have a Demat account number.

When an investor purchases and sells shares or applies for various initial public offerings, this 16-digit Demat account number shall be used to represent the investor. In T+2 days, the shares purchased or sold by investors 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 customer ID given to each customer by 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 cannot be repeated for two investors.You can find demat account number online easily.

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Table of Content

  1. What is a Demat Account Number?
  2. Importance of Demat Account Number
  3. How to Find Your Demat Account Number?
  4. How to know a Demat Account Number using a PAN card?
  5. Anatomy of the Demat Account Number

Importance of 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 organising the portfolio in a methodical manner. 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 Demat account from your brokerage platform & note it for future reference

How to Find Your Demat Account Number?

When you open a Demat account, you will be issued a welcome letter from the depository there you can find Demat account number. All information relating to your account shall be included in this letter, as well as the Demat Account Number.  You can find your Demat account number from BlinkX app by following the below steps:
 

Step 1: Launch your stock trading app and go to the XPLORE section. 

Step 2: Now go to the profile settings 

Step 3 - Here you can get the account details, such as your Demat account number, customer ID etc.

How to know a 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 demat account number from pan card in the following way:
 

  • First, you search your PAN card number on your registered email ID
  • You can check your Demat account number by finding the mail from the CDSL, or  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.

Anatomy of the Demat Account Number

The investor often forgets the Demat Account Number because it takes a lot of memory to remember 16 digits when they include alphanumeric characters. When investors forget this, they should search for keywords such as "How to find my Demat Account Number" or "Know your account number." It's simpler to set up a Demat number if you know the anatomy of your Demat account.

A combination of DP and customer ID shall constitute the Demat account number. The DP ID is a special number given to every DP, which can be a bank, a brokerage company, or another financial organisation connected to NSDL or CDSL. Your Demat account number's first 8 numbers stand in for your DP's ID, and the next 8 digits stand for your customer ID. As an illustration, if the Demat account number is IN56732892132810, IN567328 stands for your DP's ID, and 92132810 for your customer ID.

Therefore, you can look at the documents provided to you by your broker in order to get a customer's identification if you forget the 16-digit Demat account number. You can also search online for your stockbroker's DP number. It's mostly written up on the broker's website. You can identify your Demat account number when you have both of them, with the DP IP and customer ID.

Conclusion 

To conclude, you can find your Demat account number in the depository’s welcoming email or in the profile section of your DP-provided trading platform. It is helpful if an account holder is aware of the number, even though they don't have to memorise it. Every time a financial transaction takes place, the brokerage company cites an individual's account on their behalf.

FAQs on Demat Account Number

A Demat Account Number is a sixteen-digit account number that belongs to each user of the website. This will be provided after the user has created a Demat and trading account with any stockbroker.

A PAN card is one of the documents required for opening a Demat account. No matter how much you plan to invest in the stock market, you must have a Demat account. The authorization issued by SEBI on April 27, 2007 stated that the submission of a PAN card is compulsory for opening a Demat account.

The customer's ID and the Demat account number are almost identical. A client ID in Demat account is given by the stock broker after an account is opened. The last 8 digits of a Demat account number make up a portion of the client ID.

No, it is best to keep the Demat account number details confidential, just like you would with your bank account information. Sharing your account number puts your security at risk because any unauthorised person can readily access your portfolio and execute trades on your behalf.

Yes, your Demat account number is always the same for all the financial instruments you hold in a specific Demat account, such as shares, bonds, mutual funds, and IPO allotments.

The account opening process could take anywhere from 24 hours to 20 days, depending on how quickly your submitted details are processed and verified by the authorities. 

If you forget your demat account number, you can always reach out to your depository participant (DP) or stockbroker's customer support and they will guide you through the process of recovering your demat account number.

The account opening process could take anywhere from 24 hours to 20 days, depending on how quickly your submitted details are processed and verified by the authorities. 

If you forget your Demat account number, you can always reach out to your depository participant (DP) or stockbroker's customer support and they will guide you through the process of recovering your Demat account number.