When you want to transfer money to your friend’s bank account, you will need his account number, IFS Code, etc.
Similarly, if you want to transfer shares from your Demat account to another Demat account, you need the Demat Account Number.
How to Find Demat Account Number? Is what you will learn in this article today!
- What is Demat Account Number?
- How To Check Demat Account Number?
- What Is The Format For Demat Account Number?
- What is DP ID?
What is Demat Account Number?
Demat Account Number is a unique 16 digit account number that is created once you open a demat account. The first 8 digits of your demat account number are called as DP ID and the last 8 digits are called as Unique Customer ID. Demat Account Number is also known as BO ID or Client ID.
What is DP ID ?
The full form of DP ID is Depository Participant ID. It is an 8 digit number issued to the depository participant (Stock Broker) by the depository (NSDL or CDSL). The first 8 digits in your Demat account number represent the DP ID.
What Is The Format For Demat Account Number?
The Demat Account Number Format is different for CDSL and NSDL. If your broker is registered with CDSL, your Demat account number will have 16 numeric characters and if your broker is registered with NSDL your Demat account number will have 2 alphabetical characters ‘IN’ at the beginning followed by 14 numeric characters.
Here’s how CDSL and NSDL Demat Account Numbers look like:
How To Find / Check Demat Account Number?
Demat account number will be emailed to you once the demat account is opened or you can find it in the back office.
If you are an Aliceblue client, follow the below steps to find the demat account number via back office:
- Log in to the BOT platform.
- Click on ‘My Account’ and select ‘Back Office’.
- Log in to Back Office and click on ‘Others’ from the top menu, a drop-down menu will appear.
- Click on ‘KYC Info’ from the drop-down menu and you will find the Demat Account Number or BO ID.