The Demat account consists of securities, cash balances, and other holdings operated by a registrar, transfer agent, or depository participant. If you do have a Demat account and have been using it for a while, then you’re probably wondering how to check your Demat account status. If you haven’t been using Demat accounts, then dealing with the demat system might seem like a hassle without knowing how to check your account status.
What is Checking Demat Account Status?
This is to look into the records of your stock trading, such as seeing what stocks you own or how many shares you own of a company. Check Demat account status also encompasses seeing if any dividends were paid, if there was any dividend reinvestment, or if there were any other debits or credits to your account. When you first log into your Demat account your account will display every detail you need to know right on top of the screen.
When checking your Demat account status, the first thing that should appear in front of your eyes is the details about which stocks are yours, or which holding company your shares are held with.
How to check Demat account status?
The CDSL site is an online medium that allows investors to check their CAS. Here is how you can check your Demat account status;
- Log in to the CDSL site at cdslindia.com
- On the ‘Quick Links’ button on the homepage, choose ‘Login’ and then log into your CAS.
- From there, enter your PAN number
- Enter the Demat Account Number
- Enter any other requested data like date of birth and finish all the captcha requirements.
- Then Submit
- You’ll get OTP on the number you registered the Demat account. Use the OTP to authenticate the login.
You will now be able to check your Demat account status provided the information is correct.
The “Demat Account” account shows all securities held, including the current market value. The market value of securities is listed on the right side of the list. Open “Demat Account” and click on “View All Assets”.
All assets are listed here, including cash balances, bank accounts, and other items of interest. This page also shows you your electronic signature (if available) and details of recent transactions made on your brokerage account.
Sometimes brokers will offer electronically delivered statements instead of paper statements which show all current balances and transactions. This gives an alternative view of your holdings.
What to look into when reading the Demat account statement.
- Current market value of all securities
- How much cash is held in the account – includes nearly current balances and not just the current value
- Total amount of investments as a percentage of total investment held spread over different asset classes
- Dematerialized Buyback Full Details (Buyback is a user-owned feature that lets you buy or sell a certain quantity of shares directly with your brokerage account using the same buying and selling procedure as other brokerage trades)
- Details of all transactions that have been done on the account
- Transaction charges (These transaction charges are imposed by brokerages on account holders who perform a transaction on their accounts.)
- Details of Bank Account – If you have linked your bank account with a brokerage then you can see the balances in your bank account as well.
A Demat account is very important for investors. They mainly invest in such accounts and knowing how to check their status is imperative. So, now you know how to check the status of your Demat account. Remember, it is ideal that you check the status of any of your account.