Trading in the stock market has never been as easy as it is at present with dematerialized accounts or demat accounts.
A Demat account serves as a digital locker for your stocks and securities instead of physical share certificates.
You should be aware of the balance in your demat account as it enables you to understand your current holdings and thereby helps you make informed investment decisions.
This article will discuss why checking your Demat account balance is crucial and provide simple ways on how you can check demat account balance.
How to Check Demat Account Balance?
There are many easy ways to check your demat account balance. Let’s take a look at the various methods you can use to check the same.
1. Through the Dhan Website or Mobile App
Dematerialized accounts, like e-banking or mobile banking platforms, are set up with a depository participant through a digital system. Online investment platforms like Dhan let you easily check your demat account balance and statements via its portal as well as the app.
Dhan allows you to easily check your demat account balance by logging into your account.
To check your Demat account balance on the Dhan website or the Dhan app, log in using your credentials. Go to the Money section, you can view the available for investing
There, you’ll find all your transaction-related statements, including your Demat account balance. Dhan does not charge for retrieving online statements.
2. Through CDSL or NSDL Websites
If you have several demat accounts from different depository portals, you might want to see all your holdings together. You can do this by checking a Consolidated Account Statement (CAS).
Here are the steps to access your CAS online:
- Visit the CDSL website.
- Click on the “Login” option located at the top right corner of the homepage.
- Click on the ‘CAS/Declare Bonafide’ option and click on ‘Login’.
- Enter your ten-digit PAN No.
- Enter your 16-digit demat account number.
- Enter your date of birth and the characters displayed and click ‘Submit’.
After following these steps, you’ll receive a one-time password (OTP) on your registered mobile number. Simply use this OTP to access, view, and download your CAS statement with ease.
After logging in, you can access and download your Consolidated Account Statement (CAS) to check your Demat holdings and account status. You can choose a specific time period, like monthly or yearly, and then download the statements.
Since each investor can have multiple demat accounts, the NSDL and CDSL provide access to a master database of all accounts and their statements.
Know Demat Account Balance via a Consolidated Account Statement
A Consolidated Account Statement (CAS) is a single statement that consolidates all your investments in the securities market. It includes investments in:
- Equity shares
- Preference shares
- Mutual funds units
- Sovereign gold bonds
- Corporate bonds
- Debentures
- Securitized instruments
- Money market instruments
- Government securities held in demat
The CAS also includes details of your investment in mutual fund units which are kept in statement or folio form with different mutual fund companies. All investments held either solely or jointly in your name are included in the NSDL Consolidated Account Statement (CAS).
The CAS offers you unparalleled convenience in keeping track of your investment portfolio. You can easily monitor the investments you hold, their value, and portfolio composition.
Since it comes from the depository directly, CAS reflects the true status of your investments. It will help you in developing a strategy to manage your investments better.
Key Considerations When Reviewing Your Account Statement
After individuals have opened their Consolidated Account Statement (CAS) and can see their demat account statement, it’s important to review several key elements to understand the statement correctly.
To start, individuals need to double-check their personal details to guarantee access to the right account and ensure all credentials are correct. Additionally, the demat account number is a vital identifier unique to each individual, serving as a stamp for all their investments.
Afterward, individuals should review the fund options and names available, which show the titles of their funds alongside details about dividend payments and investment growth. It’s important to look into the history of dividend payments received from investments.
Furthermore, a transaction summary is included, gathering all the details of transactions made by the trader in the stock market, including information about stocks, mutual funds, and more.
Conclusion
Demat accounts help investors store and track their investments. Checking your demat account balance and statement is easy and can be done through the online investment platform’s website with ease and convenience.
To properly understand the information and manage your investments, you should pay close attention to your transaction history and the stocks, mutual funds, or any other securities held to ensure the details are accurate.
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