How You Can Find Your DEMAT Account Number

What Is Demat Account

A Demat account, short for "Dematerialised account," is an essential financial account for Indian investors engaging in the Indian stock market. 

The primary purpose of a Demat account is to hold shares and securities in electronic format, facilitating easier, more efficient, and safer transactions compared to the traditional method of dealing with physical certificates. This shift from physical to electronic has revolutionised how investments are handled, offering a seamless trading experience.

The growth of Demat accounts in India has seen significant increases over recent years, reflecting a growing interest in the stock market among the Indian population.

In FY23, approximately 25 million new Demat accounts were added, averaging over 2 million monthly accounts. This represented a growth rate of 27%, which was a slowdown from the 63% growth rate in FY22, partially due to the higher base from previous years. As of the end of March 2023, the total number of Demat accounts stood at 114.46 million, with Central Depository Services Limited (CDSL) hosting most of these accounts¹.

Demat Account Features

• Track Actions Easily: You can keep an eye on things like dividends, stock splits, and bonus shares.
• Easy Access: You can check your investments and statements online using computers or smartphones.
• Switch Between Physical and Electronic: You can change physical share certificates into electronic form and vice versa.
• Quick Share Sales: Selling shares is faster and easier, which means you can get your money quicker after selling shares.
• Loans Against Securities: You can borrow money against the securities in your Demat account.
• Freeze Your Account: You can freeze certain types or amounts of securities or the account temporarily to prevent unauthorised transfers.
• Security and Costs: Demat accounts are safe and have unique login details. They also cut down costs linked to physical certificates, like stamp duties and handling charges, and you do not need a minimum balance of securities.

How Demat Account Works

• Linked Accounts: A Demat account works with your trading and bank accounts. You use your trading account to buy and sell orders in the stock market and your bank account for money transfers.
• Who’s Involved: There are several important groups involved in working of a Demat account:

1. Depositories: CDSL and NSDL manage Demat accounts.
2. Depository Participants (DPs): These are agents of the depositories. They can be stockbroking firms, banks, or financial institutions where you open and keep your Demat and trading accounts.
3. Clearance Houses: NSCCL for NSE and ICCL for BSE handle moving shares from sellers’ and buyers’ accounts.
4. Stock Exchanges: NSE and BSE are where trades are carried out.

• Transaction Process: When you place a buy or sell order through your trading account, your DP sends this to the stock exchange. The stock exchange matches your order with a corresponding sell or buy order. Once the order matches, clearance houses settle the trade by moving the securities from the seller’s Demat account to the buyer’s Demat account.
• Easy Access And Monitoring: With a Demat account, you can check your investments anytime from anywhere using the internet. This account gives you a full view of your investment holdings, makes it easier to receive dividends and benefits, and updates your account with corporate actions like stock splits and bonus issues.

Demat Account Number Format

Your Demat account number is a 16-digit code (if with CDSL) or an alpha-numeric code starting with 'IN' followed by a 14-digit number (if with NSDL). The first eight digits represent the DP ID; the remaining eight are your unique Customer ID. For instance, if your Demat account number with NSDL is IN56732892132810, "IN567328" is the DP ID, and "92132810" is your Customer ID.

How Can I Know My Demat Account Number

Below, we have mentioned the steps to get the Demat Account number from major brokers in India. Click on your broker from the list to know the steps and a sample screenshot.

• Zerodha
• Upstox
• Angel Broking
• ICICI Direct
• HDFC Securities
• Groww
• 5paisa
• Kotak Securities
• Motilal Oswal
• Edelweiss

Zerodha:

Go to your profile and find your digit Demat (BO) below

Upstox:

Go to https://my.upstox.com/profile#dp-details and find your 16digit demat details at the end of the page

Angel Broking:

Go to https://www.angelbroking.com/, login to your profile and find your 16-digit DEMAT below

ICICI direct:

Go to https://secure.icicidirect.com/customer/pesonaldetails and find your DEMAT A/C number in my account details section

HDFC securities:

Go to https://ntrade.hdfcsec.com/authenticate.do# and find your DEMAT in the DP details section

Groww:

Go to https://groww.in/user/profile/basic-details and find your 16-digit DEMAT below

5paisa:

Go to https://invest.5paisa.com/customer-dashboard/client-profile and click on DP Details on the left, and then find your DEMAT A/C number below

Kotak:

Go to https://kstrade.kotaksecurities.com/services/user/accounts/actcldet.exe?action=default and find your DEMAT A/C number at the end of the page in your Profile section

Motilal Oswal:

Go to https://invest.motilaloswal.com/Home/HomePage and go to the profile section, and find your DEMAT A/C number in the trading account details section

Edelweiss:

Go to https://www.edelweiss.in/clientarea and open your profile section, and find your DEMAT Account detail below (NOTE: DP ID Should be written before DP account number)

How To Know A Demat Account Number Using A PAN Card

To find your Demat account number using your PAN card, follow these general steps:

1. Visit the website or app of your Depository Participant (DP) and fill out the application form with all the required details.
2. Complete the KYC process by submitting the necessary documents, such as your PAN card, identity, and address proof.
3. After the DP finishes the verification, you must complete a digital authentication process, typically involving an email ID and phone number.
4. Verify your bank account and set up the Electronic Clearing Service (ECS) for transactions.
5. Once these steps are completed, you should receive a welcome email at your registered email address from either the National Securities Depository Limited (NSDL), Central Depository Services Limited (CDSL), or your respective DP. This email should include the Demat account number linked to your PAN.

Please ensure that your email address is registered with your DP, which is essential for receiving your Demat account details via email. Contact your DP directly if you need help finding this information or accessing your email. They should be able to provide you with your Demat account number using your PAN card details.

Frequently Asked Questions On Demat Account

1. Who can open a Demat Account?

The following entities are qualified to establish a Demat Account:

1. Resident Indians: Any Indian resident possessing a PAN can open an account.
2. Hindu Undivided Family (HUF): An HUF can open a Demat account, registered under the name of the Karta or the senior-most male member of the family.
3. Non-Resident Indians (NRI): NRIs can also participate in the Indian financial markets by opening a Demat Account.
4. Domestic Companies: India-based companies are also eligible to open an account.

2. Can I withdraw money from my Demat Account?

Yes. You can withdraw money from your Demat account by logging into your account, selecting the appropriate option, and entering the desired amount and your trading password. Once the transfer begins, your bank account will be credited or debited accordingly.

References:

1. Business Insider India <https://www.businessinsider.in/stock-market/news/maharashtra-gujarat-and-up-lead-the-race-in-new-demat-accounts/articleshow/94440810.cms>

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