Already have an account with the NSDL registered stockbroker and now wondering what the NSDL demat account number is? Why is it important and how does it help you in tracking your demat account information?
Let’s answer all your questions by digging deep into the details of the unique number provided to you at the time of account opening.
In the case of an NSDL demat account, this unique code is the combination of alphabets and numbers where the 16 digit code starts with IN and is preceded by the 14-digit unique code.
Now, this 14 digit code is again divided into two parts, where the first 6 digit along with the IN is the NSDL number and is common while the last 8 number represents the client ID that is unique.
Okay, let us understand this with the help of an example.
Suppose you choose a depository participant from NSDL, and your demat account number is IN01234567891044, then here IN012345 will represent your broker’s ID and 67891044 will be your client ID.
How Do I Check My NSDL Demat Account Number?
There are numerous possible ways to check the NSDL Demat account number like you can get the information from your trading app, or you can directly login to the NSDL web portal to check your Demat account number.
Although these login details such as User ID and Password get emailed to every client once a demat account is created successfully. But still, if you don’t find them in your email or forgot, you can ask your preferred stockbroker.
With multiple options available in the market, whoever brokerage services you choose, there is an official site for each. You can visit the website to first log in to the demat account and then check the Demat account number. Read in brief below:
To check the demat account, log in to the trading app of the stockbroker. For reference, let’s take the example of Angel One trading app.
Now login to any brokerage platform Angel One and click on Menu and then on Your Name displayed at the top.
Here you are provided with the Bank and DP details.
The NSDL demat account number is displayed under the name DP ID.
Also, you can check the demat account number using NSDL e-services, where by entering your client ID and password, you can check the information related to your account.
But wait, why is this important for you to check the demat account number?
Why NSDL Demat Account Number is Required?
This should be the first question, anyways it is always important to have complete information, and let’s figure out what importance does it hold in knowing the demat account number.
So, if you have lost your Welcome Email then here is the way of how you can check and access the NSDL demat account number.
To sum up, When it’s about investing in India, the demat account number plays as important as the bank account. Yes, you don’t have to remember the demat account number because your brokerage company will be trading and quoting on your behalf during any financial transactions.
So, you have almost got an idea of how important it is to have a demat account for trading and stock market investments. If you have any plans in the future to open a demat account, you can ask us for help!