loader2

How do I know my demat account number?

Before we explore how to know the demat account number, let’s take a closer look at what is a demat account. For starters, a demat account is just like a bank account. The primary difference between a bank account and a demat account is that a demat account is used to hold the shares and securities of an investor in an electronic format. 

The term ‘demat’ stands for dematerialized, i.e. the substitution of physical records or certificates with a paperless computerized system. The purpose of opening a demat account is to make the online trading in the stock market easier for investors.

A demat account or dematerialized account facilitates the holding of shares and securities in an electronic format. With a demat account, an investor no longer needs to worry about the complex paperwork involved in investing. As the need to store physical records of investment documents is eliminated, the risk of losing valuable papers reduces to a great deal. In addition, a demat account reduces the overall transaction expenses incurred by investors, besides enabling them to work from anywhere. Demat accounts also allow the immediate transfer of securities, in turn saving time and money for investors. Did you know that an investor needs only one demat account to hold both equity and debt investments? These are some of the perks that an investor enjoys on having a demat account in place.

Now that we have understood what a demat account is, let’s move on to how to know your demat number. Your demat account number will be a combination of your Depository Participant Identification (DP ID) and your customer ID. Typically, the first 8 digits of your demat account number is your DP ID and the last 8 digits is the customer ID of the account holder. Once you have opened a demat account through a Depository Participant (DP), you’ll receive a unique account number called a Beneficiary Owner Identification Number (BOID) that will be used in future for all transactions.

Simply put, every demat account will have its own unique 16-digit demat number assigned by the DP to the demat account holder. Once an investor opens his or her demat account, he/she will receive a welcome letter from the depository, such as the Central Depository Services Limited (CDSL) or the National Securities Depository Limited (NSDL). This letter will contain all the account information including the demat account number. The Beneficiary Owner ID or BOID is also known as the demat account number.

What you need to remember is that the demat account number and DP ID is not the same. The DP ID is a number allocated by the CDSL and NSDL to a depository participant such as a brokerage firm or other financial institutions such as a bank. It is also important to note that the format of a Demat account varies for in the case of both CDSL and NSDL. For CSDL, the Demat account number is a 16-digit numeric character. On the other hand, in the case of NSDL, the Demat account number starts with “IN” followed by a 14-digit numeric code. Let’s consider an example to understand this better. An example of a Demat account number is CDSL may be 0987654321234567. An example of a Demat number for NSDL can be IN78909876543210.

Now let’s look at the Demat number in terms of being a combination of the DP ID and your customer ID.  If you are confused about your Demat account, wondering how to find your Demat account number, here is an easy way for you to find out. In case of CDSL, let’s say your Demat account number is 0987654321234567. In this case, 09876543 is your DP ID and 21234567 is your customer ID. Similarly, for NSDL, if your Demat account number is IN78909876543210, in that case, IN789098 is the DP ID and 76543210 is your customer ID.

ICICIdirect account holders can check their demat account number after logging into their trading account. You can visit the demat allocation section or click your name on top in the website to know your demat account number.

Disclaimer: The contents herein mentioned are solely for informational purpose and shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon.

Most Popular

  • 25 Jan 2021
  • ICICI Securities

7 reasons to invest in Mutual Funds

A mutual fund pools in money from various investors and invests it in various types of underlying securities. They prove to be a great investment tool for growing ones’ wealth. Irrespective of your risk appetite and investment horizon, there is a mutual fund for everyone. However, investing in mutual funds for the wrong reasons can result in a bad investment.

  • 15 Jan 2021
  • ICICI Securities

What are arbitrage mutual funds?

An arbitrage fund is defined as a mutual fund that leverages the price difference in the cash and derivatives market to make a profit.

  • 15 Jan 2021
  • ICICI Securities

How to transfer shares from one demat account to another?

We all frequently operate our demat accounts during the buying and selling of shares in share market. The buying of shares results in our demat account being credited, whereas when you sell the shares, the securities are debited from the account.

  • 15 Jan 2021
  • ICICI Securities

How do I know my demat account number?

Before we explore how to know the demat account number, let’s take a closer look at what is a demat account. For starters, a demat account is just like a bank account.

  • 15 Jan 2021
  • ICICI Securities

Passive mutual funds: All you need to know!

Passive mutual funds are exchange traded funds and funds that invest in index, thereby ensuring stable returns without much risk over the long term. Here’s all you need to know about these funds

  • 19 Nov 2020
  • ICICI Securities

What is Long Term Capital Gain?

Any income that accrues from the sale of a capital asset (like shares, real estate, bonds, commodity etc.) is considered a capital gain, and taxed as either short or long term capital gains (LTCG/STCG) depending on the holding duration. Here’s a break down of LTCG and its tax implications.

  • 19 Nov 2020
  • ICICI Securities

7 things new Mutual Fund investors need to know

Mutual funds are an excellent tool that helps build your investment portfolio. But if you are new to the world of mutual funds, it’s essential that you first learn the nuances to reap maximum benefits. 

  • 18 Dec 2020
  • ICICI Securities

What is an IPO? How can I apply in an IPO with my demat account?

An Initial Public Offering is when a private company offers shares to the public for the first time. Before filing for an IPO, the company must fulfil certain conditions set by the Securities and Exchange Board of India (SEBI).

  • 19 Nov 2020
  • ICICI Securities

How to trade in commodity?

Commodities refer to essential items that are exchangeable and can be bought and sold. Be it food, metals, energy, or resources – commodities are fundamental for life, and investors can trade them on commodity exchanges similar to shares and bonds for profit.

  • 19 Nov 2020
  • ICICI Securities

7 best tax saving options available for you

If you want to avail of deductions to reduce your tax burden instead of opting for a flat rate, you need to do some planning before investing in tax-saving instruments. This is because not all of them offer the same kind of benefits, returns, liquidity, etc

  • 15 Jan 2021
  • ICICI Securities

What are tax saving mutual funds and how do they work?

Tax saving mutual funds, also known as Equity Linked Saving Scheme or ELSS, offer the dual benefits of higher returns and tax saving through deductions up to Rs 1.5 lakh under section 80C of the Income Tax Act.

  • 15 Jan 2021
  • ICICI Securities

Commodities as an asset class

The global financial market has become one of the important barometers for growth of the economies. Each asset classes are equally importance in growth of the global economies. Major asset classes include equities, bonds, currencies and commodities have their distinct contribution to the world economy.

  • 15 Jan 2021
  • ICICI Securities

Comparison between Gold ETF and Gold Futures

A gold ETF is a commodity exchange-traded fund that can be used to gain exposure to the price increase in the gold. Gold ETFs trade on a stock exchange just like a normal stock or equity but derives its value from holding ‘underlying assets’ that is Gold.

  • 25 Jan 2021
  • ICICI Securities

What is SIP and why you should invest in it?

A Systematic Investment Plan or SIP allows you to invest a fixed sum at regular intervals in selected mutual funds or shares. This allows you to buy smaller amounts at regular intervals, building fiscal discipline and saving you from the shock of a last minute lump sum payment

  • 25 Jan 2021
  • ICICI Securities

5 mistakes to avoid while investing in Mutual Funds

Mutual funds have become an increasingly popular investment option, even among those who are unfamiliar with the stock market. This is because not only do they offer a higher return than many fixed income or other financial instruments, but you can also pick and choose the kind of returns you want vis a vis your risk appetite, investment time horizon and financial imperatives. And if you are new to the market, there’s always your friendly financial advisor who can help you understand debt, equity, balanced funds and other such stock market jargon.

  • 25 Jan 2021
  • ICICI Securities

5 smart tips for beginners in the Stock Market

The Indian stock market offers a plethora of investment opportunities. With a wide range of investment instruments offered in this market, you can achieve several significant personal and financial goals. Disciplined, timely investments can help you create a long-term corpus. However, stock trading is volatile and not completely risk-free as prices of stocks can fluctuate rapidly. As such, you need to be prudent with your investments. So, if you’re just entering the stock-investment world, here are five tips that could prove beneficial.

  • 25 Jan 2021
  • ICICI Securities

7 things to know about a demat account

A demat account, or ‘dematerialised account’ is an electronic or digital form of holding your securities. In India, it is mandatory to have such an account for buying or selling stocks or other financial instruments. Only then can you trade in stocks, equity, ETF, IPOs and certain debt instruments.

  • 25 Jan 2021
  • ICICI Securities

7 things to know about ELSS

An Equity-Linked Savings Scheme (ELSS) is a tax saving mutual fund meant to encourage long-term equity investments. Under Section 80C of the Income Tax Act, the amount you invest in ELSS is deducted from your taxable income up to a limit of Rs 1.5 lakh in a financial year, resulting in significant tax savings.

ELSS is a popular choice among investors because of its tax benefit and potentially high returns, and also because it has the shortest lock-in period of all tax-saving instruments under Section 80C. However, most fund managers will advise you stay invested for longer than that to maximise returns.

  • 25 Jan 2021
  • ICICI Securities

7 things you need to know about NPS

Most of us worry about retirement and having enough income in our old age. While some people save and invest enough, there are many who find it difficult to manage finances to ensure enough money post-retirement. The National Pension System (NPS) is a good option for those who want income after their working years are over.

NPS is a contribution-based pension scheme aimed at providing a regular income after retirement. It was launched for government employees in 2004 and later opened to everyone in 2009 through a few select banks, including ICICI Bank.

  • 25 Jan 2021
  • ICICI Securities

Lumpsum vs SIP: Know the advantages

There are two ways to invest in a mutual fund scheme – a lump sum investment or a systematic investment plan (SIP). The lump sum investment consists of a single payment, while in the SIP a specific fixed amount is invested daily, monthly, quarterly or biannually, in your choice of mutual fund scheme/s. A lump sum investment requires you to invest of a considerable sum in equity, debt, fixed income and other such funds, depending on the objective and tenure of investment, and the risk you are willing to take.

  • 25 Jan 2021
  • ICICI Securities

Four benefits of investing in debt mutual funds

A debt fund is a mutual fund which invests mostly in fixed income instruments like government securities, corporate bonds or treasury bills. These instruments give you a fixed rate of return at the end of a fixed period. In essence you are giving the bond issuer a loan, which it promises to repay with interest. Here are four significant benefits of investing in debt mutual funds.

  • 25 Jan 2021
  • ICICI Securities

Upcoming IPO calendar for 2021

Like the year gone by, 2021 promises to be an eventful one for initial public offerings (IPOs. That is despite the coronavirus pandemic and the resulting lockdowns. When a company launches an IPO, it issues new stock for public investment. By participating in an IPO on the primary market, you can invest in promising companies' shares.

  • 02 Feb 2021
  • ICICI Securities

Trading Holidays 2021 for NSE, BSE, Currency & Commodity - ICICIdirect

Trading Holidays Calendar 2021: Get the complete list of NSE, BSE, MCX, Commodity & Currency trading holidays for 2021. 

  • 03 Feb 2021
  • ICICI Securities

8 differences between Mutual Funds and Shares

Understand the differences between shares and mutual funds before you make the critical decision of investing. Visit ICICIdirect to know more!

  • 03 Feb 2021
  • ICICI Securities

All You Need To Know About Depository Participants

Depository Participant acts as an intermediary between the depository and the Investors who hold securities. Click here to read more about DP!

  • 03 Feb 2021
  • ICICI Securities

All you need to know about ELSS

All you need to know before you start investing into ELSS. Visit ICICIdirect to know more!

  • 03 Feb 2021
  • ICICI Securities

What are tax saving mutual funds and how do they work?

A tax saving mutual fund, also called Equity Linked Savings Scheme (ELSS), is a mutual fund scheme that invests in equity & equity related securities. Click here to know more

  • 05 Feb 2021
  • ICICI Securities

Why you should use a Systematic Investment Plan (SIP)

A regular savings habit holds the key to financial security. Yet, many struggle to be disciplined about their savings and investments. If investment discipline is an issue for you, a Systematic Investment Plan (SIP) could help. A SIP makes investing through mutual funds easy. All you have to do is regularly invest small amounts in mutual fund SIPs of your choice. 

  • 05 Feb 2021
  • ICICI Securities

How to choose the best mutual funds in 2021

If you are looking to kickstart your investment plans for 2021, try mutual funds. They are flexible products that allow you to invest for varying timeframes and via SIPs or lump sum investments. Some mutual funds offer high returns but may be risky, while others are ideal for conservative investors. 

  • 05 Feb 2021
  • ICICI Securities

Five suggestions for intraday trading

Now learn intraday secrets before you start investing in share market. Click here to know more about intraday trading.

  • 05 Feb 2021
  • ICICI Securities

ELSS vs PPF: Which is the better tax saving option?

A comparative analysis of Equity Linked Saving Scheme (ELSS) & Public Provident Fund (PPF) based on various parameters. Visit ICICIdirect to know more!

  • 05 Feb 2021
  • ICICI Securities

Can I trade without demat account?

Wondering if you could trade without demat account? A demat account is required to hold your shares while trading. Visit ICICIdirect to know more!

  • 05 Feb 2021
  • ICICI Securities

Is it possible to have two demat accounts?

An individual can open more than one demat account provided it should be linked to one pan. Click here to read more.

  • 07 Feb 2021
  • ICICI Securities

Can I apply for IPO without a demat account?

If you want to invest in IPOs and become one of the first public investors in a company, it is best not to delay opening your demat account. Click here to read more!

  • 07 Feb 2021
  • ICICI Securities

Can a demat account be opened without a PAN card?

PAN card is mandatory while opening demat account in India as per SEBI circular. Visit ICICIdirect to know more.

  • 07 Feb 2021
  • ICICI Securities

Joint Demat and Trading Account Details

Opening the joint trading account is not possible, but you can open joint demat account. Click here to read more.

  • 07 Feb 2021
  • ICICI Securities

Can a student open a demat account?

Anyone who has attained the age of 18 can open the demat account, in case of minor it can be opened by parents or appointed guardians. Visit ICICIdirect to read more.

  • 07 Feb 2021
  • ICICI Securities

Best demat account for beginners

A quick beginner’s guide to understand demat account and its functionality before you start investing in market. Click here to read more about demat accounts

  • 07 Feb 2021
  • ICICI Securities

Balancing your portfolio: Here's how to do it!

Stay on track with your financial goal, learn to allocate your fund in different asset to minimize your risk. Click here to read more!

  • 07 Feb 2021
  • ICICI Securities

All You Need To Know About Section 80CCC

Among the various tax-saving options, most individuals prefer to claim tax deduction under Section 80C of the Income Tax Act, 1961. Click here to know more. 

  • 07 Feb 2021
  • ICICI Securities

Features and benefits of a Demat Account

There are several features & benefits of opening demat account. Click here to read more about demat account.

  • 17 Feb 2021
  • ICICI Securities

Opening a demat account? Here are all the documents required for the same

Know the type of documents required to open your demat account. Click here to read more about demat account

  • 17 Feb 2021
  • ICICI Securities

Everything You Need to Know About Demat Account Fees and Charges

Check out the minimum fees you need to pay & the charges for maintaining your demat account at ICICIdirect. Click here to read more about demat account.

  • 17 Feb 2021
  • ICICI Securities

How to Trade Nifty Futures in A Volatile Market

Fluctuating prices & stock market uncertainty can be unsettling for traders. Investing in Nifty futures could offer some advantages at such times. Click here to read more.

  • 18 Feb 2021
  • ICICI Securities

Having A Demat Account? Look For These Four Things To Avoid Losses!

Avoiding losses may not be possible in trading, but smart investors take corrective action and minimise their losses. Visit ICICidirect to know more.

  • 18 Feb 2021
  • ICICI Securities

How do you claim an additional Rs 50,000 deduction in income tax?

All you need to know about the tax saving act under section 80CCD (1B), and save additional Rs 50,000 tax and above. Visit ICICIdirect to know more.

  • 18 Feb 2021
  • ICICI Securities

How to Manage Risk While Trading in Derivatives

Financial derivatives are one of the fastest growing classes of financial asset, learn how you can manage your risks while trading in derivatives. Click here to know more!

  • 19 Feb 2021
  • ICICI Securities

Here's Why You Should Invest in Tax Saving Mutual Funds

Want to save tax by investing in tax saving mutual funds? Click here to learn more about to save tax.

  • 19 Feb 2021
  • ICICI Securities

How to Buy & Sell Shares in Demat Account

Demat account allows you to buy shares and safely store them, but wondering if you could sell them using demat account. Visit ICICIdirect to know more.

  • 22 Feb 2021
  • ICICI Securities

NPS Features & Benefits you need to know

NPS offers the Flexible range of investment options and choice of pension funds for planning the growth of the investments. Click here to read more.

  • 22 Feb 2021
  • ICICI Securities

NPS Investments Tax Benefits

NPS or national pension system is one of the best investment options for tax benefits up to Rs 1.5-2 lakhs under sections 80C. Visit ICICIdirect to know more.

  • 22 Feb 2021
  • ICICI Securities

All you need to know about Corporate fixed deposits

As an investor, you can choose from a wide range of investment products. Fixed deposit (FD) has remained the most popular choice for us Indians. An FD makes your money work hard for you and brings fixed returns after the investment period.

  • 23 Feb 2021
  • ICICI Securities

NPS: Overview of Active & Auto Investment Choices

National Pension System (NPS) offers you the two approaches to invest your money in. Click here to read more about NPS.

  • 26 Feb 2021
  • ICICI Securities

Can we open 2 demat accounts with one PAN number?

You may open multiple demat accounts, but all accounts should be linked with one PAN number

  • 26 Feb 2021
  • ICICI Securities

How can I buy shares without demat account?

Can you buy shares without a demat account? The simple answer is no. This is because share certificates are no longer issued in paper form.

  • 26 Feb 2021
  • ICICI Securities

How does NPS help you save tax?

If you’re concerned about income after retirement and want to save income tax at the same time, one of the options you could consider is the National Pension System or NPS, a government backed voluntary pension scheme.

  • 26 Feb 2021
  • ICICI Securities

Is investing in Mutual Fund SIP really worth it

A Systematic Investment Plan (SIP) is a tool that allows you to invest in a disciplined manner. 

  • 27 Feb 2021
  • ICICI Securities

What is long term capital gain on mutual funds?

Calculation of long-term gains on mutual funds has come under the spotlight as more investors turn towards mutual funds as their go-to investment instrument. 

  • 27 Feb 2021
  • ICICI Securities

NPS : Various Investment Choices Offered.

National Pension System (NPS) offers you the two approaches to invest your money in. Click here to read more about NPS.

  • 27 Feb 2021
  • ICICI Securities

NPS Everything you need to know

NPS offers the Flexible range of investment options and choice of pension funds for planning the growth of the investments. Click here to read more.

Open an Account

Open an account and get a free subscription form MoneyControl, ET Prime and many more...

OTP sent to +91 1234567890

Didn’t received OTP? Resend

00:30