How to Check Demat Account Balance?

A Demat account is a mandatory prerequisite to trade in securities or engage in stock market activities in India. Similar to a bank account, it holds your securities in a dematerialised format instead of cash.

Whenever you are investing or trading in securities of the stock market, your Demat account shows each of the securities bought or sold in real time. Therefore, you must know how to check Demat account balance, monitor your investment performance, transaction verification, etc.

Read this blog to learn what the prerequisites are for a Demat account balance check, steps and more.

What is a Demat Account Balance?

Your Demat account balance keeps track of your investment in securities, like a regular bank account. Whenever you are executing a purchase or sale of securities, your Demat account balance is updated instantly to provide an overview of your holdings.

Unlike the bank account, your Demat account does not have a minimum balance requirement. However, you must be mindful of charges, such as AMC and maintain the balance to avoid it from going negative.

What are the Mediums to Check the Demat Account Balance?

As an investor, you must be curious about how to check Demat account balance to monitor your investment activities. Here are several ways you can check it:

• Using the Online Portal of Your Depository Participant

  You must open a Demat account with a Depository Participant (DP), like a stockbroker, bank, or other financial institution. Stockbrokers, like PL Capital Group – Prabhudas Lilladher, provide you with a dedicated app using which you can check the balance by logging in with credentials and heading to the account balance section.

• Check Balance Using the Trading Account

  DPs like PL open a trading account when you open a Demat account with them. You can sign in to your trading account with your account credentials and check your Demat balance easily.

• Using the Official NSDL or CDSL Website

  If you have multiple accounts with different DPs and want to know how can I check my Demat account balance, you can check it through the NSDL or CDSL websites. Get a Consolidated Account Statement (CAS) from these websites by logging in with PAN, account number, date of birth, etc.

How to Check Demat Account Balance Through Central Depository Services?

As of now, you are already aware of how to check your Demat account balance from the CDSL. Take note of the following steps to learn how to check Demat account balance from the central depository:

• Step 1: Open a browser and head to the official CDSL website on your device.
• Step 2: You must provide a few necessary information, such as your PAN card details and your 16-digit Demat account number.
• Step 3: Type in your date of birth in the portal and complete the captcha code for verification.
• Step 4: Generate an OTP on the portal to receive it on your registered mobile number. Provide the OTP and log in.
• Step 5: After signing in, download the CAS and check the latest balance in your account.

Factors to Consider While Checking Demat Account Balance

Now that you are aware of how can I check my Demat account balance, consider the following factors while checking it:

• Personal Details

  The balance statement includes your personal information, like your legal name, PAN number, birth date, account number, etc. Ensure that they are correct and contact your DP in case of discrepancies.

• Transaction Details

  This is the most important part of a Demat account balance statement. It shows all the investment activities you have done using your account. It covers purchases, sales, and transfers of securities, providing a consolidated view.

• Other Factors

  A Demat balance also contains details such as dividend payments, mutual fund information, NAV, and folio numbers. These provide you with a detailed view of your current investment portfolio.

Conclusion

As an investor, you should know how to check Demat account balance via different mediums. You can check your Demat balance from your DP’s online portal, trading platform, or the official depository websites.

FAQ’s

1. Can I check my Demat account balance through NSDL or CDSL directly?

Yes, you can visit the official NSDL or CDSL websites and provide PAN and Demat account details to check your Demat balance.

2. Do I need to log in to my trading account to check my Demat balance?

You can check the Demat balance using your DP’s trading platform by logging in with your credentials.

3. Is there a charge for checking my Demat account balance?

No, to check your Demat balance, your DP does not charge you any money. You can check this balance whenever you need to for free.

4. How often should I check my Demat account balance?

You should check your Demat balance at least once a month and keep an eye on your investment performance.