How to Check Demat Account Status or Balance?

Introduction

Have you ever felt overwhelmed while managing your investments and wondered how you can track them? This process can be simplified via your demat account statement. Your Demat account statement acts like a personal dashboard, providing a snapshot of your holdings and transactions. It also includes details on your demat account balance or status. It is as simple as checking your email or browsing social media. 

In this article, we will help you with how to check Demat account status and some useful tips to interpret it. Let’s get started.

What is Demat Account Statement?

A Demat account statement offers a comprehensive overview of your securities transactions. It includes crucial details such as share purchases, sales, and current holdings, enabling you to track your investments and verify the receipt of shares you've bought or sold.

Your demat account balance shows the quantity and value of the shares and other securities you own at any given time. Reviewing your demat account status is vital for staying informed about the performance of your investments and ensuring that your portfolio remains on track.

It also helps you stay vigilant on any unscrupulous activity by assessing your Demat status. Just like you regularly check your bank balance through a passbook or online banking, you should make a deal to monitor your demat account balance. 

Let's find out more about how to check demat account balance and how to access the same.

Methods to Access Demat Account Statement

You can check your demat account status via the holding statement. To know how to check Demat account balance, you first need to know how you can download the statement of holdings.

There are three methods to access demat account statements.

1. Via Central Depositories: In India, there are two central depositories namely, NSDL and CDSL.
2. Via Depositary Participant’s Website
3. Via Depositary Participant’s Trading App 

To understand how you can access the statement via these three options. Let’s head to the next section.

How to Access Your Demat Account Statement?

Here are the steps to check your demat account status.

1. NSDL & CDSL Website

• Visit the Official Website: Go to the NSDL/CDSL website and log in with the required details. By clicking on these links, you will get the option of entering your details.
• Enter PAN and Demat Account Number: Provide your PAN number and 16-digit demat account number.
• Complete verification: Enter your date of birth and complete human verification via captcha.
• Receive OTP and access account: An OTP will be sent to your registered mobile number. Once verified, you can download the demat account statement and check your demat account balance.

2. Depository Participant’s Portal

You can also access your demat account statement through your depository participant's platform, which functions much like online banking. For instance, Sharekhan’s TradeTiger platform enables you to check your demat account balance and view statements effortlessly. It offers detailed insights into your investments through user-friendly charts and graphs.

In addition to accessing your account online, Sharekhan also sends demat account statements via email on a periodic basis. This ensures that you stay up-to-date with your investments without needing to log in each time, providing a convenient way to monitor and manage your portfolio.

1. Log In: Access your demat account on the broker website using your client ID and password.
2. View Portfolio: Once logged in, go to the 'Portfolio' or 'Holdings' section to view all the securities in your demat account.
3. Check Holdings: Review the list of securities along with their current balance to verify your existing holdings.
4. Review Transactions: Navigate to the 'Transactions' or 'Account Activity' section to see the statement of transactions made in your demat account over any selected period.
5. Verify Accuracy: Review credit and debit transactions, pledges, corporate actions, and blocks on securities to ensure all account activities are accurate.
6. Report Discrepancies: If you find any discrepancies, raise a complaint immediately with your DP or depository.

Mobile Apps

You can also use your broker’s mobile trading app to access your trading account and check demat account balance. Here is how to check Demat account status on Sharekhan’s mobile app:

• Download the app: Install the mobile app from the app store.
• Log in: Use your credentials to log in.
• Navigate to account balance: Go to the "Reports" section and click on “Limit Statement” to view your current cash balance.
• Portfolio Holding Status: You can also check your daily profit and loss in the app by clicking on the “Portfolio” section.

Regularly checking your demat account status and maintaining updated records of your portfolio helps ensure safety.

Things to Consider While Understanding Your Demat Account Statement

When reviewing your demat account statement, several key elements should be assessed to ensure accurate interpretation:

1. Personal Details: Verify your personal details to ensure you have access to the correct account and that all credentials are accurate.
2. Folio Number: This unique number serves as an identity stamp for all future investments made by the investor.
3. Fund Options and Names: Check the titles of your funds, including mentions of dividend payments and fund growth.
4. Dividend Payouts: Review the history of dividend payouts received from investments.
5. Net Asset Value (NAV): This fluctuating metric reflects the value of investments at the time of investment.
6. Transaction Summary: Compile all records of transactions made in the share market, including details of Systematic Investment Plans (SIP) and Systematic Withdrawal Plans (SWP).