A Comprehensive Guide on How to Find Demat Account Number from PAN Online

The Indian government has made it mandatory for investors to link their Permanent Account Number (PAN) with their Demat account to make it functional. Due to a busy schedule, there is a high possibility that investors will forget their Demat account number. In this situation, their PAN can help them find out their Demat account number.

Read this blog to learn how to find Demat account number from PAN and what the benefits of linking a PAN with a Demat account are.

What is a Demat Account?

A Demat account stands for a dematerialisation account that helps to hold purchased shares in an electronic form, just like your bank account keeps your money. This has replaced the holding of physical share certificates.

A Demat account facilitates the holding of multiple securities like bonds, mutual funds, and stocks on a single platform. You can also pledge your Demat account as collateral to avail loans in emergencies.

How to Check a Demat Account with PAN?

You can find your Demat account number on your online broker platform using your PAN. Follow these steps below to understand how to know Demat account number using PAN card:

• Step 1: Visit your depository participant’s (DP) website or online application to know your Demat account number using PAN.
• Step 2: Download the application form, fill it up, and submit it with your PAN for verification.
• Step 3: Submit the identity and residential documents with your PAN card. Your DP will check all these documents.
• Step 4: Once you have submitted the required documents, you have to go through a two-factor authentication process to confirm your email address and mobile number. Then you have to validate your bank account and Electronic Clearing Service (ECS) payment method.
• Step 5: You will receive encrypted emails at your registered email address. These emails include your stock transactions and Demat account history. You can also find your Demat account number and PAN details.
• Step 6: You may also enter your PAN number in the mailbox search bar. The PAN will appear in every relevant email you receive.
• Step 7: You can also check any email you receive from National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL) and find your Demat account number that is linked to your PAN.

What are the Benefits of Linking a PAN Card With Your Demat Account?

Since you know how to find Demat account number from PAN online, you must also know the benefits of linking your PAN card with your Demat account:

• Since your PAN is a unique identifier, linking it with your DP guarantees your stock and bonds remain yours.
• Linking your PAN with the Demat account also authorises your transactions. It authorises your buy and sell orders from your Demat account and is also useful to validate the signature in Delivery Instruction Slips (DIS).
• The Demat and PAN link also ensures the security of your account. It acts as a verification that you are the authorised account holder, which minimises the possibility of fraud.
• Linking your PAN with a Demat account also helps you to file Income Tax Returns (ITR). Try to provide your Demat account number while submitting your ITR.
• If your PAN card is linked with your Demat account, it can also help you in availing loans secured by shares.
• Using your PAN-linked Demat account, you can make direct purchases of RBI 8% bonds and RBI gold bonds.

How to Open a Demat Account Online?

Before knowing how to find Demat account number from PAN card, you should first of all open a Demat account if you do not have one. As per the Securities and Exchange Board of India (SEBI) regulations, you must open a Demat account linking it with your PAN to trade in the Indian stock market.

See the following steps to open a Demat account using PL Capital Group – Prabhudas Lilladher as a broker for free:

• Step 1: Install the PL Capital application from your app store.
• Step 2: Go to the ‘Account’ section and click the ‘Profile’ option.
• Step 3: Enter your mobile number and email address in the required field. Enter both the OTPs that you have received on your mobile number and email to verify yourself.
• Step 4: Enter your PAN details, with your name and number for the instant eKYC feature. Your KYC will be completed in just a few minutes.
• Step 5: Verify your Aadhaar number using the OTP verification that you have received in your Aadhaar-linked mobile number.
• Step 6: Allow access to your Digilocker. Your Demat account will be opened.

Final Thoughts

Every investor should know how to find Demat account number from PAN. They just need to go to their DP’s application or website, fill out the form, and complete the KYC process and digital authentication to receive an email that shows their Demat account number along with their PAN.

After opening a Demat account with PL, you have to go through the same procedure. PL can also provide numerous benefits for you. These include zero AMC charges for trading and provide a huge array of services, from brokerage to portfolio management.

Frequently Asked Questions

1. Can I find my Demat account number using my PAN without logging into any website?

Logging in to your DP’s website can ease the process of finding your Demat account number. However, you can also do it by contacting your online broker or DP.

2. What details are needed with PAN to find a Demat account number?

Each broker has different criteria for submitting documents to find the Demat account number. However, most of them ask to submit a mobile number, email ID, and bank details with PAN to find the Demat account number.

3. Can I check my Demat account details using any government portal?

Yes, you can check your Demat account details using the government portals CDSL and NSDL.

4. How much time will it take to get my Demat account number using PAN?

The time to get your Demat account number using PAN depends on the broker you use. However, it is an easy procedure which does not take a lot of time.