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Understanding a Demat Account Statement

Understanding a Demat Account Statement

Likely, you have previously gotten something known as the Demat account statement or a CAS if you have a Demat account with a depository. Every Demat account holder receives these statements regularly through email, containing a wealth of information about their Demat account.

What Is a Demat Account Statement?

Even if most errors are avoided when stocks are maintained in dematerialized form, it is advised to total the Demat account statements approximately once every three months to ensure that all assets are recorded accurately.

Generally speaking, a Demat account statement consists of two parts:

  • Accounts Statement
  • Holdings Statement

The statement of accounts and the statement of Demat holdings make up most Demat account statements or CASs. In essence, the statement of accounts gives the reader comprehensive information about all the transactions in the account over a specific period.

What Is Demat Account Holding Statement?

A Demat account holding statement is an overview of all the assets held in your Demat account on a specific date.

How Should I Interpret My Demat Account Statement?

Here are some necessary details of a consolidated account statement (CAS) or a Demat account statement (DAS):

Personal Information

Your name, residence, and contact details are all displayed on every Demat account holding statement or CAS. Ensure the data presented in this part are true and accurate whenever you read the statement. Get it fixed right away if it isn't.

Folio Number

Every Demat account holder receives a folio number and a personal identification. There can never be two holders with the same folio number. 

Information About Mutual Funds

The Demat account statement also includes information about any mutual funds you may have. This section shows the names of the funds you own, how many units you presently own, and their growth rate.

Dividend Payments:

This Demat account holding statement component contains information about any dividend payments made on your stock or mutual fund holdings during the statement period.

Transaction Summary

As you can see from the summary of transactions above, your Demat account statement includes complete details of all the transactions you made throughout the statement period. This section contains a summary of your transaction.

Current Balance

The securities you currently possess in your Demat account and their specifics are indicated by the current balance in a statement of Demat holdings.

Free Balance

The securities available for trading and transfers are shown in a holding statement by the Demat account's free balance.

Locked-In Balance

The locked-in balance in a holding statement for the Demat account indicates the now locked securities are not available for trading or transfers. 

Pledged Balance

Your securities are shown as the pledged balance in an account statement.

How Does A Demat Account Statement Work?

Your Demat holdings statement will provide a detailed list of all the shares and other assets you own. Remember that the Demat holdings declaration is an ownership statement. As a result, it solely includes your stocks and bonds. Before getting into the technicalities of the Demat account statement, let's quickly understand how your Demat account is linked to your trading and bank accounts. That is the primary component of your Demat holding assertion.

For example, when you do so, you can only buy shares through your trading Demat account. To buy shares, however, you must fund your trading Demat account with funds from your bank account. On T+2 trading days following the day you place a buy order for shares, they will be credited. The two trade days mentioned above do not include trading holidays. These shares will appear on your statement of Demat holdings.

When you sell shares, the Central depository account would be debited on T+1. According to the new SEBI regulations, you must provide pre-delivery of securities next. The bank account will be credited with the selling proceeds of these shares on T+2 day, and the statement of Demat holdings will reflect these fewer shares.

Your summary of Demat holdings will show the final results of different credits & debits to your Demat account. For instance, when shares are distributed or allocated when you buy or apply for an IPO, a Demat credit is given. You also get a credit for the additional shares to the Demat account, which is reflected in your holdings statement when the company you own shares issues a bonus or a stock split.

Importance of Monitoring Demat Account Statement

For a variety of reasons, it is essential to monitor the Demat holding. It lets you confirm that stock credits and debits are made on time so you can immediately talk to your broker or DP about the issue. Second, leaving your Demat account unmonitored for a lengthy period is never a good idea.

Your Demat holdings should always be monitored to ensure everything is in order because anything that is not examined for a long time is prone to errors and misuse. The last element is the Demat holdings statement, which is a wealth statement that gives you a current view of your portfolio and net worth.

How To Get Demat Account Statement

Thanks to technological advancements, you can instantly examine your Demat holdings with CSDL or NSDL from wherever your Demat account may be located. Your Demat account number frequently doubles as a code for your ownership stake and a depository participant identity identifier. Viewing your Demat holdings in the NSDL account at https://esevices.nsdl.com requires one registration.

You can access the "Easi" online service of the other depository to examine your CDSL account statement by creating an account at https://web.cdslindia.com/myeasi/registration/Easiregistration. On the CDSL website, you may also view an example account statement.

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