Demat account is an essential requirement for trading on the stock market. Functioning as a bank account of sorts, a Demat account is held with either the NSDL or CDSL, and you can open and access your Demat account through a depository participant such as a stockbroker. The stocks you purchase are held in your Demat account, similar to how money would be held in a bank account, and are transferred in and out of your account based on the shares you buy and sell. Similar to how a bank account allows its holder to access passbook details and bank account statements, a Demat account also offers similar functionality. Similar to checking your bank balance, you can also check your Demat account balance, and view the statement of demat holdings. In this article, we will take a look at how you can check your Demat account balance, Demat account status as well as access your Demat holding statement.
How to check Demat account balance?
When you open a Demat account with a depository participant, it is most likely that you are doing so through a digital medium. In this scenario, the website or mobile application of the depository participant will give you the option to view your Demat account balance. You can view your Demat holding statement, check your Demat account status through the portals as well. Depository participants often also offer a number of charts and graphs for your Demat holding statement to offer you further insight.
As a seasoned investor, it is possible that in order to diversify your portfolio, you also hold Demat accounts with multiple depository participants in an effort to further reduce risk. If this is the case, then you might want to view a compilation of the statements of all your Demat accounts. Here is where the Consolidated Account statement (CAS) comes into play.
A consolidated account statement allows investors to view the statement of Demat holdings across depository participants. The statement provides investors with a consolidated view of all their investments and holdings, across all their Demat accounts. Here is how you can access your CAS.
1. Visit the CDSL website
2. Login using the appropriate details
3. When requested, enter your 10 digit PAN number.
4. Next, enter your 16 digits Demat account number
5. Enter your DOB
6. Complete Captcha requirements
7. Click to generate an OTP which will be sent to your registered mobile number.
Once you have logged in, you can now access and download your CAS in order to view your Demat holding statement and Demat account status. You can select a date range, based on monthly and annual timeframes, and download the statements accordingly.
If you are an avid investor, chances are you are always looking for chances to diversify your portfolio. However, with the various depository participants available to suit all kinds of investor appetites, one can now not only diversify their investments, but also their medium of investing. While it is uncommon for a depository participant to shut shop unexpectedly, in addition to your shares being safe even if they do, one might want to open demat account with multiple DPs, based on the various rates and services they offer. You can access the individual Demat account status and Demat account balance through the website or app of the DP it is held with and can access your CAS to view a summary of your Demat accounts across DPS.
Related Articles: Understanding Your Statement of Demat Holdings | Importance of Monitoring your Demat Holdings Account | How to Download my Demat Holdings Statement? | What is the Right Time to Re-Allocate your Portfolio Holdings? | 10 Points to Remember when Operating your Demat Account