July 29, 2024 | 6 min read
How to find Demat account number?
Nowadays, many first-time investors and traders are entering the stock markets to invest and trade in stocks. But many of them are unaware of basic concepts related to stock markets. One of the first, an investor or trader needs to do is open a trading and Demat account with a broker (also known as a depository participant). Once your Demat account is open, you get a unique Demat account number. This article will outline the steps to find your Demat account number.
What is a Demat account number?
Before we answer the question – how to check your Demat account number – let us first understand what it actually is. A Demat account number is a unique identification number that an investor receives after opening a Demat account. Like a bank account number is vital to avail of banking services, the Demat number is essential for trading and holding securities in electronic form.
Your Demat account number is made up of two main parts, a DP ID (Depository Participant ID) which is the identification number of the broker or financial institution where you have your Demat account; and a Client ID which is your unique account number within the Depository Participant’s (broker’s) system.
Together, the DP ID and Client ID form your complete Demat account number, ensuring secure and efficient management of your investments.
What is DP ID?
A depository participant (or DP) refers to a broker or any other financial institution who is registered with a depository, viz. NSDL or CDSL. A DP acts as an intermediary between a trader and the depository. It enables investors to open a Demat account with a depository. The depository participant identification number (DP ID) is the number assigned to depository participants, such as banks and brokers, by depositories NSDL or CDSL. The first eight digits of your Demat account number is the DP ID. For example, if your Demat account number is 1234567890123456, your DP ID will be 12345678.
What is client ID?
Every investor who opens a Demat account with a DP is referred to as a client by the DP. Each client is given a unique client ID to identify their trades. The client ID is the last eight digits of the Demat account number. For example, if your Demat account number is 1234567890123456, your client ID will be 90123456.
Importance of a Demat Account Number
A Demat account number is a crucial component in the financial market, serving as your unique identifier for holding and trading various securities. It is not just a series of digits; it simplifies, secures, and organises your financial activities, making it indispensable in the world of securities trading. Here are a few reasons why it’s so important:
Key To Buying And Selling Securities:
Your Demat account number is essential for executing transactions. It ensures that securities you buy or sell are accurately recorded in your account. This number allows stockbrokers to verify and process your trades efficiently.
Unique Identification
Unlike your name, which may be common, your Demat account number is unique to you. This uniqueness helps in precisely identifying and managing your investments. It eliminates any confusion that could arise from similar names, ensuring your transactions are correctly attributed to you.
Simplifies Management Of Multiple Accounts
If you have more than one Demat account, the distinct account numbers help in segregating and organising your investments. This clarity is crucial for maintaining a clear record of your holdings and transactions across different accounts.
Facilitates Issue Resolution
In case of any discrepancies or issues with your transactions, the 16-digit Demat account number is key to resolving them. It provides a clear and unique reference to your account, making it easier to track and address any problems.
Enhances Security
The Demat account number also plays a role in enhancing the security of your investments. It ensures that only authorised transactions are carried out in your account, safeguarding your assets from unauthorised access.
Essential For Corporate Actions
Your Demat account number is used during corporate actions such as dividend payments, bonus issues, and rights issues. It ensures that such benefits are credited correctly to your account.
Importance In Regulatory Compliance
Regulatory bodies require accurate records of all transactions. Your Demat account number helps in maintaining compliance with these regulations, ensuring that your investment activities are transparent and properly documented.
The Two Demat Account Number Formats
In India, two key depositories issue the Demat account number. These are the National Securities Depository Limited (NSDL) and the Central Depository Services Limited (CDSL). NSDL Demat account numbers start with 'IN' followed by 14 digits, for example, IN01234567891011. CDSL Demat account numbers consist of 16 digits without any prefixes. For example, 1234567890123456.
How to find your Demat account number and DP ID?
Once your Demat account is opened with a broker, also known as a depository participant (DP), you receive a unique Demat account number. You can easily find your Demat account number in the welcome kit that you receive after opening the account, or in your profile section on your broker’s online platform. Here are the steps to find your Demat account number on m.Stock by Mirae Asset:
Log In To Your Account
Access your trading platform and log in with your credentials.
Navigate To Profile Section
Click on the three bars (hamburger menu icon) on the top left of the screen. Tap on your name at the top of the pop-out menu to open your profile page.
Locate Your Demat Account Number
Scroll down on the profile page to find the 16-digit Demat account number, also known as the Beneficiary Owner ID (BO ID). The DP name will be listed next to the Demat account number.
These steps will help you quickly and easily find your Demat account number and DP ID, ensuring you can manage your investments with ease. Remember, as mentioned earlier, this number varies slightly depending on the depository, whether issued from the NSDL or the CDSL.
Read Also: What is a Demat account and how to use it?
More Related Articles
Is there a Firm in India that offers Zero Brokerage across Products
June 10, 2026 | 4 mins read
As per SEBI guidelines, for the purpose of trading in the stock market, one needs to open a Demat and trading account with a registered broker. There are typically 3 kinds of brokers in India: Full-service brokers Discount brokers Brokers offering Zero Brokerage
How do Zero Broking Charges Really Help me as an Investor
May 25, 2026 | 3 mins read
Zero brokerage is the latest trend redefining the Indian broking industry. Zero brokerage means no brokerage is levied on your trades, allowing investors and traders to buy or sell securities without paying traditional percentage-based brokerage fees. This model has become increasingly popular among retail investors because it helps reduce overall trading costs and improves net returns, especially for frequent traders and beginners with smaller investment amounts.
What Does Zero Brokerage Mean
May 22, 2026 | 5 mins read
Brokers play a vital role in the stock market by facilitating buy and sell transactions on behalf of their clients. In exchange for their services, brokers charge a fee which is usually referred to as brokerage. While the terms ‘fixed fee brokerage’ and ‘flat brokerage’ are quite common and known among investors, the term ‘zero brokerage’ is also gaining momentum as investors aim to save every penny behind their trades. But what exactly does zero brokerage mean? Let’s find out.
FAQ
A Demat account number is a unique identification number assigned to each Demat account. It holds your securities, such as shares, bonds, and other investment options electronically in your account.