How to Know Your Demat Account Number?

When you plan to invest and trade in securities like stocks, currencies, commodities and derivatives, you will require a Demat account. After opening a Demat account, you are registered with a Depository Participant (DP) who acts as a middleman between the depository and you.

When you apply for a Demat account through a stockbroker, you will get a welcome kit containing information like your Demat account number and other crucial details. Read this blog and discover how to find it and other facts about your Demat account.

Definition of a Demat Account Number

Upon registering with a depository for a Demat account, you are assigned a unique 14 or 16-digit number as your Demat account number. The length of this number varies depending on the depository.
The account number for NSDL is 14 digits long, followed by the code “IN”. For CDSL, it is a 16-digit account number.
For example, your Demat account with NSDL will be IN012345678912345. On the other hand, your account with CDSL can be 1234567891234567. As an investor, you need this unique number to sign in to your Demat account and access your digitally stored securities.

What Makes a Demat Account Number Different From a DP ID?

Now that you have an idea about what is Demat account number, take a look at how it is different from a DP ID:

What is the Importance of a Demat Account Number?

A Demat account helps you store your securities in a dematerialised format instead of handling physical securities. It is vital for investments, and the following are its importance:

• Helps with Identification

When you open a Demat account, you get a unique account number, like your bank account number. Its uniqueness helps in the easy identification of a Demat account and also helps in keeping track of securities and transactions.

• Ease of Transaction

A Demat account makes it easy for you to purchase or sell securities more conveniently as an investor. It eliminates hefty paperwork, and everything is done through digital platforms.

• Increased Safety

Investors used to trade in physical securities in earlier days that were prone to theft, loss, damage, forgery, etc. With a Demat account, your securities are converted to a digital format, which is more secure from vulnerabilities.

How to Know My Demat Account Number?

To invest in securities seamlessly, apart from understanding the importance of a Demat account number, you must know how to find it. The following are some methods to follow to check your account number:

1. Take a Look at Your Welcome Email

After successfully opening a Demat account with a DP, you will receive a confirmation email from their end. This mail contains vital information about your Demat account, along with the Demat account number.

2. Sign in to the Online Trading Portal

In this digitally driven era, most DPs provide you with an online trading portal or platform to purchase and sell securities digitally. Check the profile tab of the platform or access your account details. Such platforms also allow you to download a statement containing the number.

3. Contact Customer Care

Depending on your DP, you can contact their customer assistance via call, live chat or email. Choose your preferred channel, provide the necessary information and retrieve your Demat account number.

How to Check My Demat Account Number via Bank Account?

If your Demat and bank accounts are connected, you can check your Demat ID using net banking:

• Step 1: Head to the net banking portal of your bank and log in.
• Step 2: Locate the section with the option to check your Demat account information. Provide the account number, DP ID, password and sign-in.
• Step 3: Now, you can check your Demat account details and download statements.

How to Retrieve Your Demat Account Number Using PAN Card Details?

If you are wondering how to find Demat account number using your PAN card details, here is a detailed guide:

• Step 1: Navigate to the official website of your depository, either NSDL or CDSL. Choose the “Find Demat account number” option, which is generally located under investor services.
• Step 2: Type in your PAN number and search. You will receive an OTP on your PAN-registered mobile number.
• Step 3: Provide the OTP on the website, and it will display your Demat account number with other details.

How Do You Open a Demat Account Online?

Opening a Demat Account is easy, and with PL Capital Group – Prabhudas Lilladher, you can get one within simple steps:

• Step 1: Download the PL app from the application store on your device and open it.
• Step 2: Provide key details like your name, phone number, etc., to proceed.
• Step 3: You will get an OTP on your mobile number. Type in the OTP, fill in KYC details, and your Demat account will be ready.

Final Words

The Demat account number is crucial for an investor to buy and sell securities. Similar to a bank account number, this unique identifier helps hold securities in your Demat account. You can locate this number from the welcome mail, bank account and PAN easily.

FAQ’s

1. Are the Demat number and DP ID the same?

No, a Demat number and DP ID are not the same. Depositories assign a DP ID to DPs, and the DPs assign a Demat number to investors.

2. How to check my Demat account in NSDL?

Go to the official NSDL website and select the option “Find Demat account number”. Type in your PAN number, provide the OTP and check your Demat account details.

3. How Can I Recover My Demat Account Number?

There are different methods to retrieve your Demat number. Check it by signing in to your trading platform, using your PAN details or from your bank account via net banking.

4. How to check the status of my Demat account application?

Visit your DP’s website or open the trading application. Look for the section showing your Demat account status, or get in touch with your DP’s customer assistance.