How to Check Demat Account Status or Balance?

A Demat account holds securities such as shares, bonds, and mutual funds in electronic form, providing a safe and convenient way to manage your investments. Knowing how to check your Demat account status or balanceis essential for monitoring your portfolio and making informed financial decisions. 

Whether you are an active trader or a long-term investor, regularly reviewing your Demat account helps you stay updated on your holdings, identify market trends, and plan your future investments. In this blog, we will walk you through thesimplesteps to check your Demat account status or balance easily. 

What is a Demat Account Balance?

A Demat account balance refers to the total value of securities held in your Demat account, including the shares, bonds, mutual funds, and other financial instruments. Thebalancereflects thequantity and valueof theseholdings in electronic form, providing a consolidated view of your investments. Knowing how to check Demat account balanceis crucial for monitoring your portfolio, whether you are an active trader or a long-term investor.

Most brokers nowadays provide a number of charts and other infographics to help investors and traders better assess the performance of their investments. Investors can get useful insights, such as the growth in investment value, sector weightage of the portfolio, dividend and other corporate actions, etc., by regularly monitoring their demat account balance.

How to Check Your Demat Account Balance?

Checking your Demat account balanceis a straightforward process and can be accomplished in two ways: 

1. Depository Participant’s platforms: You can check your demat account balanceonlinethrough your DP’s official websiteor mobileapplication. Simply log in with your credentials and navigate to the “Holdings” or “Portfolio” section to view your portfolio value. Those wondering how to check their Demat account balance offline can also request a physical demat account statement from their DP, which will have all the details of their holdings.

2. CDSL and NSDL: Investors can log in using their credentials, download the Consolidated Account Statement (CAS), and view all their investments. It can be accomplished in three easy steps:

• Enter PAN number and 16-digit demat account number.
• Enter your Date of Birth for verification.
• Enter the OTP you receive on your registered mobile number and download your CAS document for a specific time period.

Checking the status of your account is equally important. Knowing how to check Demat account status ensures that your account is active and functional, which is crucial for making the seamless transactions. A Demat account becomes dormant if the investor doesn’t execute any buy or sell transactions for the last 12 months. You can verify your account status by logging into your DP’s portal. Also, the DP communicates with the client about the dormant demat account and shares the process for reactivating the demat account. To sum up, understanding how to check the Demat account balance or account status is essential for keeping track of your investments and making informed investment decisions. 

What is a Demat Account Statement?

A Demat Account statement is a document that lists all the securities, such as shares, mutual funds, etc., held in a Demat account. It provides information about the asset type, quantity, current value, and other details. In short, it is a brief snapshot of your demat account holdings.

It is essential for investors to track their Demat account holdings to assess the performance of securities held. This helps investors make better portfolio management decisions and plan their future investments better. Moreover, investors can check suspicious transactions by regularly reviewing their Demat account statements.

Things to look for while Reading the Demat Account Statement

Reading a Demat account statement is an essential task for keeping track of your investments. It offers a detailed overview of your holdings and transactions and helps you to assess theperformanceof your portfolio. Herearekey things to look for while reading your Demat account statement:

• Personal Details: Ensurethat your personal information, such as your name, account number and depository participant (DP) details arecorrect. Any errors should be reported immediately to avoid issues.

• Holdings Summary: This section displays the securities you currently hold in your account. Verify thedetails and include thequantity and valueof shares, bonds, and mutual funds. Check if the holdings match your recent purchases or sales.

• Transaction Summary: The transaction history section provides a record of all the transactions carried out in your Demat account during a particular time period. Ensureall transactions areaccurateand no unauthorized activity has occurred.

• Freeand Pledged Shares: Someshares in your account may be pledged, which means they have been kept as collateral. Investors can only sell the number of shares that appear in the ‘Free Balance’ column, and the pledged shares must be unpledged if the investor wants to sell them.
• Portfolio Performance: The CAS document shows how your investment portfolio has performed over the past 12 months, which is useful for investors who want to plan their future investments more wisely.

What is the Need to Check your Demat Account Status?

It is important to check your Demat Account status for the following reasons:

• EnsureAccount Activity: Monitoring your account status helps confirm that your Demat account is active and in good standing. Inactive or dormant accounts can cause issues when executing transactions through the linked trading account.

• Track Investment Performance: By reviewing your account status, you can assess the performance of your securities, track your portfolio growth, and make timely adjustments based on market trends.

• Identify Unauthorized Transactions: Regularly checking your Demat account status allows you to spot any unauthorized transactions or suspicious activities. This ensures the safety of your investments and prevents fraud.

• UpdateKYC and Compliance: Staying updated with your account status helps you ensurethat your Know Your Customer (KYC) details areaccurate and up to date. This is important to avoid any regulatory or compliance issues that may arise due to outdated information. 

Conclusion

By keeping a close eye on your Demat account status or balance, you can safeguard your investments, respond to market changes, and make informed financial decisions. Investors can check their Demat Account balance by logging in to their DP’s platforms and reviewing holdings or downloading a Consolidated Account Statement (CAS). This proactive approach ensures a well-managed investment portfolio and contributes to long-term financial success. 

Frequently Asked Questions (FAQs)