How to Find Demat Account Number using PAN, DP ID and NSDL

Imagine finding an excellent investment opportunity in the stock market, but as you’re about to invest, you realize you can’t remember your demat account number.

Sounds frustrating, right? Your Demat account number is the gateway to participate in the Indian stock market, and forgetting it can lead to lost opportunities.

Recent data suggests that there are about 114.46 million demat accounts in India as of March 2023, and we can presume that not everyone remembers their account number offhand.

Luckily, there are simple ways to find your demat account number and DP ID, which we’re going to explore in this article.

What is Demat Account Number?

A Demat account, short for the dematerialized account, functions similarly to a bank account but instead of money, it holds shares and securities.

Each demat account has a unique 16-digit number that is essential for conducting transactions in the stock market. This demat account number is also referred to as the Beneficial Owner ID or BO ID.

How To Find Demat Account Number

To find your demat account number, check your broker's account opening confirmation letter or email, or contact their customer service with your registered details and PAN card for identity verification. You can also find it on the NSDL platform. Your demat account number will be a 16-digit Beneficiary Owner ID (BO ID) for CDSL or a 14-digit ID followed by 'IN' for NSDL.

Now that we know the importance of a demat account number, let’s dive into how to find a demat account number.

Through Your Broker

The first and most straightforward method on how to check demat account number is to check the documents provided by your broker when you opened your account. The account opening confirmation letter or email should contain your demat account number.

If you cannot locate these documents, you can contact your broker’s customer service, provide your registered details, and they should be able to assist you. Open a free demat account with Rupeezy today. 

Via NSDL Platform

Your demat account number can also be found on the NSDL platform. Let’s discuss how to find your 16-digit NSDL demat account number.

How to Get Demat Account Number (NSDL)

1. Visit the NSDL website and click on the ‘Value Added Services’ tab.

2. Click on the ‘Speed-e’ option.

3. Register for the Speed-e service using your DP ID and Client ID.

4. Once registered, you can login to the Speed-e service and check your demat account number.

What is DP ID and How to Find It

DP ID, or Depository Participant Identification, is an identification number provided by the depository (NSDL or CDSL) to the Depository Participant, which could be your broker or financial institution. Your demat account number is typically a combination of your DP ID and your client ID. The DP ID is typically mentioned in your account opening confirmation letter or email. If you can’t find it, contacting your broker’s customer service should provide a solution.

Check Your Demat Account Statement

This is the easiest way to find your DP ID. When you open a Demat account, you receive a welcome kit from the DP, which includes your account statement. This statement has your DP ID.

Steps:

a) Open your Demat account statement.

b) Look for a field named ‘DP ID’ or ‘Depository Participant Identification’.

c) Your DP ID will be mentioned in this field.

Access Your Online Demat Account

If you have online access to your Demat account, you can find the DP ID on your dashboard or account details page.

Steps:

a) Log in to your online Demat account using your user ID and password.

b) Navigate to the ‘Account Details’ or similar section.

c) Your DP ID will be listed here.

Contact Your Depository Participant

If you cannot find your DP ID by the methods above, you can contact your DP’s customer service.

Steps:

a) Call your DP’s customer service line.

b) Verify your identity by providing necessary details.

c) Request for your DP ID.

On Rupeezy

Rupeezy, being a tech-forward broker, makes it easy to access your DP ID.

Steps:

a) Log in to your Rupeezy Trading App Account

b) Navigate to the ‘Profile’ or ‘Account Details’ section.

c) Your DP ID will be displayed here.

Remember, your DP ID is sensitive information. Keep it secure and do not share it with anyone who does not require this information for official purposes.

Recovering Your Demat Account Number

Have you misplaced your demat account number? Don’t worry, we’ve got you covered. Follow these steps to recover your demat account number:

1. Contact your Broker: Reach out to your broker’s customer service and verify your identity using your registered mobile number, email, and PAN (Permanent Account Number).

2. Check your Transaction Statements: Every time you carry out a transaction, your broker will send you a transaction statement, either physically or digitally. Your demat account number will be mentioned on these statements.

3. Use the NSDL or CDSL Platforms: As mentioned earlier, you can retrieve your account number from these platforms if you’ve registered for their respective services.

How to Find Demat Account Number from PAN Card?

While the PAN card itself does not contain your demat account number, it is a crucial piece of information when verifying your identity with your broker or the depository. If you’ve misplaced your account number, your broker or the depository can retrieve it for you after confirming your identity, which includes validating your PAN card details. So, although your PAN card won’t directly give you your demat account number, it’s instrumental in the recovery process.

Understanding the Role of Depository Participants (DP)

A Depository Participant, or DP, is an intermediary between the depository (NSDL or CDSL) and the investor. They provide a range of services, including account opening, dematerialization, rematerialization, account transfers, and more. Some well-known DPs in India are HDFC Bank, ICICI Bank, and Astha Trade, which is an online brokerage firm offering one of the lowest brokerage charges in the industry.

Depositories allocate DP IDs to all registered DPs, forming the first 8 digits of your 16-digit demat account number. The remaining 8 digits are your unique client ID, creating a unique 16-digit demat account number.

Here’s a simple breakdown of your demat account number:

Remember, finding your demat account number and DP ID is crucial for successful stock market transactions. In the next section, we’ll conclude our guide and recap the most important takeaways.

Conclusion

In the rapidly growing Indian stock market, with more than 70 million demat account holders, ensuring smooth transactions is crucial. Your 16-digit demat account number format and DP ID are pivotal in this regard.

From contacting your broker to leveraging NSDL or CDSL platforms, there are multiple ways to retrieve your demat account number and DP ID. Additionally, while your PAN card may not directly provide your demat account number, it remains a vital identification tool in the recovery process.

As you step into the world of investments and stock trading, remember to choose a trustworthy broker like Astha Trade. As one of the leading online brokerage firms, Astha Trade offers low brokerage charges and extensive customer support to assist you with issues like retrieving your demat account number.

So why wait? Start your investment journey today with Astha Trade. Enjoy free Equity Intraday Trading, an MTF facility at the best interest rate, and free advanced trading tools with a simple, swift trading app and web platform.

Key Takeaways on How to Check Demat Account Number

• Your 16-digit demat account number, also known as the Beneficial Owner ID, is crucial for conducting transactions in the Indian stock market.

• Your demat account number can be found in your account opening documents, transaction statements, or by contacting your broker’s customer service. It can also be retrieved from the NSDL platform if you’ve registered for their services.

• Your DP ID is provided by the depository to your broker or DP and forms the first 8 digits of your 16-digit demat account number.

• Although your PAN card does not directly reveal your demat account number, it is crucial during identity verification with your broker or the depository.

FAQs

1. How to know the Demat account number using your PAN card?

While your PAN card does not directly provide your demat account number, it plays a crucial role during identity verification with your broker or depository for recovering your demat account number.

2. What is my 16 digit Demat account number?

Your 16-digit demat account number or BO ID is a combination of your DP ID (8 digits) and your unique client ID (8 digits), which is essential for conducting stock market transactions.

3. How to find my demat account number and check DP?

You can find your demat account number and DP ID in your account opening documents, and transaction statements, or by contacting your broker’s customer service. You can also check it on the NSDL or CDSL platforms if you’ve registered for their services.

4. How to know my Demat account number in NSDL?

You can check your demat account number in NSDL by visiting their website, clicking on the ‘Value Added Services’ tab, then the ‘Speed-e’ option, and registering for the Speed-e service using your DP ID and Client ID. Once registered, you can log in to check your demat account number.

5. How can I recover my Demat account number?

You can recover your demat account number by contacting your broker’s customer service, checking your transaction statements, or using the NSDL platform, provided you’ve registered for their services.