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How to know Demat Account Number & DP ID? November 18 2021Demat account, how to open demat account

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How to know Demat Account Number & DP ID?

The Depository Participant, or DP, provides each Demat account a unique 16-digit account number to the account holder. When you open a Demat account online, the depository (CDSL or NSDL) will send you a welcome letter with all of your account information, including your Demat account number. In the case of the CDSL, the Demat account number is also known as the Beneficiary Owner ID or BO ID.

The Demat account format differs depending on whether the CDSL or the NSDL is in the picture. In the case of CDSL, the Demat account number has a 16-digit numeric code, but in the case of NSDL, the Demat account number begins with "IN" and is followed by a 14-digit numeric code.

What is Depository Participant?

Agents of a depository, such as NSDL or CDSL, are depository participants. A depository issues them a licence to operate under the provisions of The Depositories Act, 1996.

To open a demat account; an investor who is new to the share market must approach a depository participant. The depository participant holds the investor's acquired shares, however the investor is the sole beneficial owner of the shares. The depository participant credits or debits the demat account whenever a purchase or sell transaction occurs.

What is DP ID?

The DP ID (Depository Participant Identification) and your Demat account number are not the same and have nothing to do with the Demat account holder. A Depository Participant, such as a brokerage firm, bank, or financial institution, is assigned a number by the CDSL and NSDL.

A Demat account number is created by combining the DP ID and the customer ID of the Demat account holder. Your DP ID is usually the first eight digits of your Demat account number, whereas the account holder's customer ID is usually the last eight digits.

If a Demat account holder is having trouble locating their account number, they can perform a simple activity.

If your CDSL Demat account number is 9865510102020202, the DP ID is 98655101, and the Demat account holder's customer ID is 02020202. In the case of NSDL, if a Demat account number is IN12345698965431, the DP ID is IN123456 and the customer ID of the Demat account holder is 98965431.

Open demat account with Indira Securities and start your trading journey with the best full-service providing brokerage firm in Central India.

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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