Find Demat Account Number from PAN Online

 

How to Open a Demat Account?

Demat accounts are known by the full name ‘dematerialized account’ and are required to trade in the stock market. A Demat account holds the securities and equities digitally, which makes all transactions smooth and paperwork-free.

 

Creating a Demat account online is a straightforward process. Here's a step-by-step guide to help you get started:

• Select a Depository Participant (DP): A DP is an intermediary for the depository and investors that offers the Demat account services. Some common DPs are banks, brokerage houses, and financial corporations.

• Visit the DP's Website: Please visit the official website of your selected DP. The majority of the DPs have a separate link to get in touch with for opening a Demat account.

• Fill in the Demat Application Form: Provide some basic personal information like name, address, date of birth, and contact details. Make sure that all the details are correct and correspond to the paperwork.

• Submit KYC Documents: Scan and submit copies of your Know Your Customer (KYC) documents. Such documents usually consist of a PAN card, an Aadhaar card, a passport-sized photograph, and a canceled cheque for bank information.

• eSign the Documents: DPs provide an option to eSign the documents using Aadhaar-based OTP verification. It gets rid of the requirement of having to sign documents physically and makes the process faster.

• In-Person Verification (IPV): Some DPs may ask you to follow with IPV. It can be done through a video call whereby you forward your original documents for authentication purposes.

• Account Activation: Your Demat account shall be opened once your documents are verified, and the IPV is done. You will get the dematerialized account number as well as the login details through either email.

 

Where to Find Demat Account Number?

Your Demat account number is a mix of your DP ID and customer ID. CDSL demat account uses a 16-digit number (e.g., 0987654321234567). NSDL demat account uses a 16-digit alpha-numeric number beginning with 'IN' (e.g., IN78909876543210).

Typically, the first eight digits of your Demat account number indicate your DP ID, while the last eight digits belong to your Customer ID. Here are all the places you can look for to find your Demat account number:

• Bank Statement: If you linked your Demat account to your bank account, the number may appear on your bank statement.
• Trading Account: The Demat account number is typically found on the dashboard or account details page of a trading account.
• Welcome Letter: When you open a Demat account with a Depository Participant (DP), the depository will send you a welcome letter. This letter includes all of your account details, including the Demat account number (also known as the Beneficiary Owner Identification Number or BO ID).

 

How to Find Demat Account Number from PAN?

If you want to find your forgotten Demat account number, you can retrieve it using your PAN.

1. Go to the official website/mobile application of the DP that is holding your Demat account.
2. Try to find an option of Demat account numbeer on your Account related Services’ or ‘Help’ tabs.
3. If not, you need to send your PAN card number and other required fields such as your name and date of birth etc. to your broker. 
4. When you submit all the required information, you may be asked to enter additional verification details, such as the registered mobile number or email ID.
5. After the process of KYC, the client will receive his Demat account number either through SMS or email.
6. To find your demat account number, check your emails from National Securities Depository Limited (NSDL), Central Depository Services Limited (CDSL), or your respective Depository Participant (DP) where you opened your demat account. Those emails have your PAN card number and demat account number.

 

Advantages of a PAN Card in a Demat Account

Linking your PAN card with your Demat account offers several benefits:

• Tax Benefits: The first benefit of linking your PAN to a Demat account is that all your investments and transactions will be recorded properly for the filing of income tax returns. Demat account investments are tax-deductible.
• Improved Security: The PAN linkage helps in reducing the chances of unauthorized access to an individual’s Demat account or unauthorized transactions.
• Collateral Loan: It is useful if you intend to arrange loans using your shares.
• Unique Identification: The PAN card is used as an identification number for all financial activities. This helps in tracking your Demat account easily and helps to avoid duplication or even fraud cases.
• Buying Foreign Currency: Your demat account can be used to purchase foreign currencies, subject to certain restrictions.

Conclusion

It is easy and quick to get your demat account number from your PAN. Investors should be able to easily obtain their account numbers and continue trading by following the steps mentioned above. Further, opening a free demat account is fairly simple if done online, which makes it quite convenient to invest in the stock market.