How do I know if I have NSDL or CDSL?

How to Determine if You Have an NSDL or CDSL Demat Account

When investing in stocks and other financial instruments, investors in India often open demat accounts to hold their securities. These accounts are managed by two depositories in the country: National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL).

Determining which depository you have an account with is relatively straightforward by examining the structure of your demat account number. Here’s how to do it:

NSDL Accounts:

• Always begin with the prefix “IN” followed by a 14-digit numerical string.
• Example: IN12345678901234

CDSL Accounts:

• Consist of a 16-digit numerical Beneficiary ID.
• Example: 1234567890123456

By analyzing the format of your demat account number, you can quickly identify which depository holds your securities. NSDL accounts feature the “IN” prefix, while CDSL accounts are purely numerical.

For instance, if your account number starts with “IN” followed by 14 digits, you have an NSDL account. On the other hand, if your account number consists of 16 digits without any prefix, you have a CDSL account.

It’s important to note that this method only applies to demat account numbers. Trading account numbers, which are typically used for buying and selling securities, do not provide any indication of the underlying depository. For clarity, you should specifically request your demat account number from your broker or custodian.