A Demat account is used to hold shares and securities in electronic form. It facilitates easy trading by eliminating the need for physical certificates.
A Demat account number is a unique code (16 digits for CDSL, 14 digits + 'IN' for NSDL) essential for the electronic settlement of trades involving shares and securities.
Demat account number format differs by depository. CDSL: 16 digits; NSDL: 14 digits with 'IN'. Vital for electronic share transactions and stock holding.
To find your Demat account number, check the welcome letter from DP and alternatively, view the Demat statement, or log in to DP's online trading platform.
*T&C Apply