A demat account is just like a securities bank account/wallet in its most basic form. To buy securities such as stocks and bonds, a person must first open a demat account in their name, which allows them to keep their holdings in a dematerialized or digital format. Bank account customers can view their statements either on paper or online. The same service is provided by a demat account. It shows the transaction history of a person’s demat account, allowing them to keep track of transactions and ensure that they have received any shares they have purchased.
Any shares purchased by Indian investors are kept in one of two types of electronic accounts of National Securities Depository Limited (NSDL) and Central Depository Service Limited (CDSL).
Consolidated Account Statement
This document is the most significant component of the procedure while trying to understand a demat account statement. A consolidated account statement, or CAS, is a single document that contains all transactional and investment information for mutual fund and depository account investments. In actuality, it’s a tally of all investments and transactions made through these channels. The CAS can help investors understand their demat account statement and learn how to monitor their demat account balances and statements. It also provides complete paperwork for any investments the investor may have, as well as a consolidated view of all investments. It also enables investors to track their financial statements.
How do you get access to your demat account information?
Following the instructions below, all investors can check their CAS online via the CDSL website:
- To view the CDSL website, go to cdslindia.com.
- Log in to – CAS by selecting ‘Login’ from the ‘Quick Links’ button on the homepage.
- Enter your PAN number.
- Enter your Demat Account Number.
- Complete any additional fields, such as your date of birth and the captcha requirements.
- Send in your request.
- Your registered mobile number will receive an OTP which you can use to verify your login.
Key Takeaway
You’re probably always looking for new ways to diversify your holdings if you’re a serious investor. Investors can now diversify not only their assets, but also their investment medium, thanks to a choice of depository participants to fulfil all types of investor’s needs. While it is uncommon for a depository participant to close abruptly, your shares will be safe regardlessly. You may want to open demat accounts with several DPs to take advantage of the different rates and services they offer.
