In case you invest in the share market or mutual funds, then your Demat account is the foundation of it all. There is a common problem among investors that they forget the number of their Demat account, and are not aware of where to get it. This proves to be stressful at the time you want to trade, connect your bank or check holdings.
This can be easily fixed by doing simple things to check your investments and holdings. With the help of this blog, you will easily learn how to know the demat account number using a PAN card, as well as other convenient methods that are applicable in India.
Table of Contents
What does Demat account number mean?
Demat account number is a special number that is associated with your Demat account. It is used to monitor your investments and shares by depositories.
A Demat account number in India consists of two components. The former establishes the depository party, and the latter your account. The combination of them creates a 16-digit Demat ID.
This number stays the same as long as your account remains active with the same broker.
Importance of PAN Card to Demat account
A PAN card is the main identity document for any financial investment in the country of India. Each Demat account should be associated with a PAN card.
Due to this connection, your PAN card will be the simplest method of tracking your Demat account details. PAN is the reference point of brokers and depositories.
This is the reason why most individuals seek the answer to the question of how to know the demat account number on a PAN card when they have lost access to the account information.
How to know the demat account number using the PAN card?
The easiest way is when you go through your stockbroker. PAN is used to access account details in almost all brokers.
You may go to the official site or mobile application of the broker, and press the login button, or the second option is to forget your user ID. Add your PAN card and registered mobile number. Once it has been verified, your Demat account number is displayed.
When the name of the broker is remembered but not the account number, then this is a good technique.
Verification of Demat Account Number by CDSL or NSDL
Two depositories in India handle Demat accounts. These are CDSL and NSDL.
When using CDSL as your Demat account, you can go to their portal and search for Demat details using the PAN option. Please fill in your PAN number and date of birth. Once verified, you are able to see the connected Demat account details.
In the case that you are under an NSDL account, then the same applies. With PAN and minimal personal details, you can check your Demat account details.
The approach is useful when you do not know enough about your broker, but you have the PAN.
Check with Help of Bank Statement and Email
Numerous banks are providing Demat services. In the case of a bank-connected Demat account, refer to old bank statements or email.
Banks normally include the Demat account number in the quarterly statements or email notification of transactions. Keywords such as Demat or DP ID can be quickly searched in your email inbox.
The given approach comes in handy in case you do not want to address online portals.
How to know Demat account number by PAN card offline?
In case online approaches are confusing, there are also offline options. You may pay a visit to the branch of your bank or broker.
Always have your PAN card and a valid ID proof. On verification, the staff will be able to give you your Demat account number.
You may make calls to the customer care of your broker as well. Once they have verified who they are (by use of PAN and registered mobile number), they reveal account information.
Common causes of losing Demat account details
Demat accounts are opened by many investors in the hype of the market, and they leave information behind. Others pause investing and forget their usernames and passwords.
It also causes problems when changing mobile numbers without considering the broker. This is the reason why records must be kept up to date.
How to keep Demat details safe?
You should never leave your Demat account number anywhere. Retain electronic copies of the account opening form.
Update your cellular number and email address frequently. This will keep you informed of all the important alerts and statements.
Do not give Demat information to strangers on the phone or via messages sent.
Difference between Demat number and client ID
Numerous individuals mix the Demat account number with the client ID. Demat number is used to identify what you have at the depository level.
The broker assigns a client ID to be used to trade. The two are associated, yet they have different purposes.
This difference is important to understand so as not to be confused when trading or updating KYC.
Can one PAN have multiple Demat accounts?
Yes, a single PAN card can be associated with a number of Demat accounts—various investors open accounts with multiple brokers.
In these situations, the verification of the depository portals can be used to find all the associated accounts.
But to have several accounts, it is important to have them tracked.
Things to do after finding your Demat account number
After getting your Demat number, change your records and save it securely.
Login into your brokerage account and look at holdings. Confirm whether the account is new or an old one.
Consider closing unused accounts if you are no longer using them.
Conclusion
It is normal to forget your Demat account number, and it is not something to be concerned about. It is much easier to find with PAN card linking.
However, now that you know how to get the demat account number through the PAN card. You do not need to worry when you want to check on what you have invested. Do it in the way that you feel comfortable and maintain accounting. Even a little knowledge today can save you from future trouble.
Read More: How to Link Aadhaar Card with PAN Card Online?