How to Read Demat Account Statement
A Demat Account is necessary to hold and trade all electronic shares and securities such as bonds, ETFs, Mutual Funds, debentures, etc. This computerized technology facilitates trade without the need for human documentation. For example, when money gets credited or debited from a bank account, it’s cross-checked with the bank account statement. Shares are stored in two depositories; NSDL (National Securities Deposited Limited) and CDSL (Central Depository Services Limited).
The Demat Account Statement is also known as a Consolidated Account Statement (CAS). A CAS contains a lot of information related to the Demat account’s holder. Therefore, when you have a Demat account with any depository in India, it is a must that you have received your Demat Account Statement via mail regularly so far.
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How to Access Demat Account statement/CAS on CDSL?
To view the Consolidated Account Summary on CDSL, you need to follow the below steps:
- Open the CDSL website and click on the CAS login.
- Enter your PAN Card Number.
- Enter your Date of Birth.
- Verify the Captcha.
- Enter the OTP received on your registered phone/mobile number.
- Click on Submit.
CAS is loaded in the new window, together with the Statement of Holdings and the Statement of Accounts, if the information is valid. Individuals cannot log in or read the Consolidated Account Summary unless they have an OTP. It is done for verification purposes, and if the mobile phone number changes, the new phone number must be validated by the Depository participant.
Tips on How to Read a Demat Account Statement
You may be wondering now what a CAS exactly is? How to Read a Demat Account Statement and understand it thoroughly. Let’s discuss it step by step.
Here are the following two parts of the Demat Account Statement to understand first before you move to how to read a Demat account statement—
- Statement of accounts – You will get detailed information about all your transactions through your Demat account for a specific time.
- Statement of Demat holdings – You will get comprehensive information about all your investments under your Demat account.
Here is detailed information contained in a Consolidated Account Statement (CAS) for the one who is wondering about “How to Read a Demat Account Statement?”—
Personal Details
Your details [your name, address, and contact information] will be in a Demat account holding statement. Before going through your entire CAS, make sure this section containing information about yourself is true and accurate. If you find any incorrect information, it will be a good idea to correct it in no time.
Folio Number
A folio number is an identifier that is unique to every Demat account holder. Ensure the correct folio number is there in the CAS, as two Demat account holders can receive the same folio number.
Mutual Fund Information
There will be information about your mutual fund investments in the Demat account statement. For example, you will get the funds’ name, the number of units you currently hold, and their growth rate.
Dividend Payments
You will get information on “Dividend payments” only when any stock or mutual fund scheme you have invested in pays out dividends in the statement.
Summary of Transactions
Although you already got detailed information for all your transactions at the time of the statement period. Now this section contains a summary of those transactions.
Here are the following indications —
Debit- For all of the sold shares by you.
Credit- For all of the purchased shares of yours.
Current Balance
In your Statement of Demat holdings, the current balance means your current holdings in your Demat account and their details.
Free Balance
In your holding statement of the Demat account, the free balance means those holdings that are free for trading and transferring.
Locked-in Balance
In your Demat account holding statement, the locked-in balance means those holdings that are not available to trade and transfer.
Pledged Balance
In your Demat account statement, the pledged balance means those holdings you’ve pledged at current. You can’t use these holdings as long as you release the pledge.
Conclusion
Investors may keep track of and store their savings in Demat accounts. The NSDL and CDSL allow users to create a master archive, including all Demat accounts and Demat account statements. Every investor has a unique identity and may have many Demat accounts. The ‘how’ of checking a Demat account balance and statement is pretty simple and may be accomplished on the CDSL website. To correctly analyze the facts and stay on top of their portfolios, investors must pay special attention to aspects of their CASs, such as account records and the names of their funds and options. Suppose you didn’t open a Demat account; no worries, as you can open it within a few minutes. Many DPs provide free Demat account opening. Find a depository participant (DP), bank, stockbroker, or other financial institution. This information is helpful if you wonder how to read a Demat account statement.
Frequently Asked Questions (FAQs)
The Total balance is the sum of Free balance, Lock-in balance, and Pledge Balance at the statement period.
Every Demat account holder will receive a Consolidated Account Statement (CAS) across both depositories, i.e., National Securities Depository Limited (NSDL) and Central Depository Services Ltd (CDSL).
The Default depository issues a consolidated account statement (CAS). The Default Demat account will be the first opened Demat account out of your two Demat accounts, while the Default depository will be the one in which you have opened your first Demat account.
A Consolidated account statement contains all your investments across multiple brokers and advisors that you carried out through your PAN number.
It is now elementary for “How to view Demat account statements.”
- Visit the CDSL website. The link is here cdslindia.com.
- Select ‘Login’ under the ‘Quick Links’ tab available on the homepage
- Enter your PAN number
- Enter your Demat Account Number
- Enter other requested data and complete captcha requirements
- Click on the “Submit” button
- Enter OTP, which you will receive via mobile number and email registered with CDSL
So, here is the solution to your question, “How to view demat account statements?”.
In 2015, the Securities and Exchange Board of India (SEBI) introduced the Consolidated account statement (CAS). At that time, SEBI provided the responsibility to consolidate this decision along with their PAN Card for every investor and trader participating in the Stock market.
As per SEBI guidelines, the consolidation basis for the Consolidated account statement (CAS) is Permanent Account Number (PAN).
Registrar and Transfer agents are commonly known as RTAs. They are firms registered under India’s Securities and Exchange Board (SEBI). The role of the RTA is to facilitate the maintenance of records in mutual fund companies.
If you don’t have any transactions done to your Mutual fund portfolios and Demat accounts, you will get CAS on a half-yearly basis. So, for example, you will receive March and September end holdings in April and October, respectively.
You need to request it from any Depository Participant (DPs) who will update this in the depository system.
Log into your Demat account through your depository participant’s (DP) website or app to see all of your Demat account information. You may see details about your assets, transactions, account number, and other pertinent information once you’ve logged in.