How To Find Demat Account Number & DP ID

Demat account number and DP ID are a unique set of details that a customer gets when they open their Demat and Trading A/c. A Demat account number is essential for everyone participating in the stock market. It allows traders and investors to continue trading digitally.

What is a Demat Account Number?

A Demat Account number is a 16-digit account number that is unique to every Demat account holder. This is provided once a user creates their Demat and Trading account with any stockbroker. The Demat account number varies for the two depositories CDSL and NSDL. For CDSL, the Demat account number is also known as Beneficiary ID or BO ID. This is completely a 16-digit numeric ID. Whereas, for NSDL, it starts with “IN” followed by a 14-digit numeric code.

What is a DP ID?

DP ID is different from a Demat account number.Like a Demat account number is unique to every individual participating in the stock market, a DP ID is a unique number allocated to the broking firm or financial institution that helps you with your Demat account. This is provided by CDSL and NSDL to the DP (Depository Participant).

How to know my Demat Account Number?

As discussed earlier, a Demat account number is provided by the depositories, NSDL and CDSL. When you create your Demat & Trading A/c with a stockbroking firm, you receive these details via email from the depositories. You can find this on the web and app platform of your stockbroker as well.

For Bajaj Financial Securities Limited customers, they can find this in their profile section of the app and the web platform. The Demat Account number differs for both the depositories. For CDSL, the Demat account number is also known as Beneficiary ID or BO ID. This is completely a 16-digit numeric ID. Whereas, for NSDL, it starts with “IN” followed by a 14-digit numeric code.

What is the Depository Participant?

A Depository Participant is a stockbroker, bank, or financial institution that helps act as a medium between a trader or investor and the stock exchange. In simple terms, if you have a Demat & Trading A/c with Bajaj Financial Securities Limited then, Bajaj Financial Securities Limited is the Depository participant in this case.

How DP ID differs from the Demat Account Number?

The Demat account number is the complete 16-digit unique code, whereas DP ID is the first 8 digits of the Demat Account number. The remaining 8 digits is your customer ID. Considering the Demat account number may differ for both CDSL and NSDL, let us understand them with a simple example.

For CDSL:

Demat account number – 1020304050607080

DP ID – 10203040

Customer ID - 50607080

For NSDL:

Demat account number – IN11223344556677

DP ID – IN112233

Customer ID – 44556677

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