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How can I get my demat account details? October 18 2021How can I get my Demat account details, Demat ac

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How can I get my demat account details?

A demat account, which gives you access to a wide range of investment options, is today just as important as a bank account. You can invest and trade in equities, derivatives, currency, commodities, mutual funds, and more with a demat account.

A demat account, which gives you access to a wide range of investment options, is today just as important as a bank account. You can invest and trade in equities, derivatives, currency, commodities, mutual funds, and more with a demat account.

What is the meaning of a Demat Account Number?

A Demat Account is required in order to trade equities online. The Depositary Participant assigns each account holder a Demat account number, which allows them to trade stocks online. The investor receives a 16-digit Demat account number when he or she opens a Demat account. In the case of CDSL, it's also known as Beneficiary ID. Every account has a unique code called a Demat account number for identification purpose. This Demat account number is required for successful online trading.

What is my Demat account number and how can I find it?

Once you've opened a Demat account, you'll need to identify it so that you can trade online more easily. When you open a Demat account, the depositories National Securities Depository Ltd and Central Depository Services Ltd facilitates you with a Demat account number. To open a Demat account, you can choose from either of the depositories. The format of the Demat account number differs depending on the depository. The CDSL Demat account number is a 16-digit code, while the NSDL code is a 14-digit code that begins with IN. You can open a Demat account with any of the depositories based on your needs and services. 


Also Read -  How would I recover my Demat account number?

How long does it take to receive a Demat Account Number?

A CDSL Demat account number, for example, will be 0143876589104321 , but an NSDL Demat account number will be IN01237657891044 .When you open a Demat account to conduct online trading, you will be given a Demat account number. If you don't have a Demat account or a Demat account number, you won't be able to trade stocks online. Once you've registered, the DP will need to validate your account, and you'll be given an account number to identify your account.

What does Depository Participant mean?

You might be wondering what DP stands for in a Demat account. When an investor begins trading online, a depository participant acts as an intermediary. People who invest in shares requires the involvement of a depository participant because a Demat account cannot be verified without one. The investor cannot begin online trading without adequate verification. Any brokerage firm that specialises in internet stock trading can serve as your DP. Each DP has a different DP ID number.

What is the difference between a Demat account number and a DP ID?

The DP ID in a Demat account and the Demat account number are not the same thing. When you open a Demat account, you are given a unique code called a Demat account number. The DP ID, on the other hand, is a one-of-a-kind code for DP identification. The DP ID is assigned to a DP by NSDL or CSDL since the DP assigns you the Demat account number. The broking firm is assigned a DP ID after registering with one of the depositories.

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Prevent Unauthorized Transactions in your demat and trading account --> Update your Mobile Number/Email id with your Depository Participant and Stock Broker. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat/trading account directly from CDSL and Stock Exchanges on the same day.........issued in the interest of investors...

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2. Update your Mobile Number & Email Id with your Stock Broker/ Depository Participant and receive OTP directly from Depository on your Email Id and/ or Mobile Number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued by NSE vide. Circular No. NSE/INSP/45191 dated: July 31, 2020 and NSE/INSP/45534 and BSE vide Notice No. 20200731-7, dated: July 31, 2020 and 20200831- 45 dated: August 31, 2020 and dated: August 31, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities/ MF/ Bonds in the Consolidated Account Statement issued by NSDL/ CDSL every month.

"As per the directives of CDSL and esteemed Exchanges, it has been made mandatory for every client to furnish their latest KYC details viz. Valid Mobile No., Email- Id & Income range on or before 31.05.2021 else your Account will be marked as Non Compliant and will be Freezed till the compliance of such requirement."
REGISTRATION NOS:

INDIRA SECURITIES PVT.LTD. (SEBI REG.NO.):NSE TMID: 12866, BSE TMID: 663, CDSL DPID: 17000 SEBI REG. NO.: INZ000188930, MCX TM ID: 56470, NCDEX TM ID: 01277, CDSL REG. NO.: IN-DP-90-2015, CIN : U67120MH1996PTC160201
INDIRA COMMODITIES PVT. LTD. CIN : U65921MH1995PTC089399

DISCLAIMER:

"INVESTMENT IN SECURITIES MARKET ARE SUBJECT TO MARKET RISKS, READ ALL THE RELATED DOCUMENTS CAREFULLY BEFORE INVESTING."

INVESTORS GRIEVANCE

Manoj Bhandari. Email: compliance@indiratrade.com. Call : 0731-4797275

Investors Grievance Email : complaint@indiratrade.com