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How to check my Demat Account balance

A demat and trading account is required in order to trade on the stock market. A Demat account, which functions similarly to a bank account, is stored with either the NSDL or the CDSL, and it may be opened and accessed by a depository participant such as a stockbroker. The stocks you buy are stored in your online Demat account, much like money in a bank account, and are sent in and out depending on the shares you buy and sell. A Demat account provides comparable capabilities to a bank account in terms of accessing passbook data and bank account statements. You may check your Demat account balance and examine the statement of demat holdings in the same way that you can check your bank balance.

  • How can I check the balance of my Demat account?

When you create a Demat account with a depository participant, you almost certainly do it using a digital media. In this case, you will be able to search your Demat account balance on the depository participant's website or mobile application. Through the portals, you may examine your statement and check the status of your Demat account. Depository participants often include a variety of charts and graphs with your Demat holding statement to provide you with more information.

As a seasoned investor, it's likely that you have Demat accounts with various depository participants in order to diversify your portfolio and further decrease risk. If this is the case, you may wish to look at a compilation of all your Demat account statements. The Consolidated Account Statement (CAS) is used in this situation. Investors may get a consolidated picture of all their assets and holdings across all of their Demat accounts with this statement. Here's how you get into your CAS.

1. Go to the CDSL's official website.

2. Log in with the correct credentials.

3. Enter your 10-digit PAN number when prompted.

4. Enter your Demat account number, which is 16 digits long.

5. Enter your date of birth

6. Meet all Captcha criteria.

7. Click to create an OTP, which will be emailed to the phone number you provided.

After you've signed in, you may examine your Demat holding statement and account status by accessing and downloading your CAS. You may choose a date range based on monthly or yearly periods, and the statements will be downloaded appropriately.

Wrapping Up

If you're a serious investor, you're probably constantly seeking for new methods to diversify your holdings. However, with a variety of depository participants to accommodate all types of investor appetites, investors may now diversify not just their assets, but also their investment medium. While it is unusual for a depository participant to close shop abruptly, your shares will be secure even if they do, you may wish to create demat accounts with many DPs to take advantage of the varied prices and services they provide.

Related Articles: How to Open a Demat Account Without a Broker | Factors to Keep in Mind While Opening a Demat account | Factors to Consider When Opening a Demat Account | 10 Points to Remember When Operating your Demat Account | Types Of Demat Account & Trading Account | Upcoming IPO | LIC IPO


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