As we look at how stock market trading is going on nowadays, it is mandatory to have a Demat Account for trading in the stock market. If you wish to invest in the stock market or want to purchase other financial securities such as bonds, mutual funds, debentures, etc., then you must have a Demat Account in your name which enables you to store securities in dematerialized form. The shares or securities you will purchase will be held in your Demat Account in electronic form, similar to the money which is held in your bank account. Shares or securities will be transferred to and from your Demat Account based on the type of transaction (buy/sell) you made. Now, as we know, that Bank account allows its holder to check balance regularly. Demat Account also allows this facility to its holders and you can view the statement of your Demat holdings. A Demat account can be opened through a Depository Participant (DP) such as a stockbroker. In India, two depositories hold all the Demat Accounts and the securities in it; the first is National Securities Depository Limited (NSDL) and the second is Central Depository Services Limited (CDSL).
Consolidated Account Statement (CAS):-
This document plays a very important role when an investor is trying to read their Demat Account statement. CAS is a document that contains all transactional as well as investment details about mutual fund investments and depository accounts. If individuals access the CAS, it will help them to read their Demat Account statement carefully, and it will also provide detailed documentation of any holdings the investors might have, and the best thing is that it has a summarized view of all investments of a Demat Account. Since it is accessed by taking into account the NSDL & CDSL, it allows investors to view statements across Demat Accounts regardless of the broker.
How to check the balance of your DEMAT Account?
Now, all the investors can access their Consolidated Account Statement (CAS) from the CDSL website; the procedure for the same is mentioned below:-
1) Visit CDSL Site at cdslindia.com.
2) Login with the details asked on the site.
3) Proceed to enter your PAN Card Number.
4) Enter your 16 Digits DEMAT Account Number.
5) Enter your Date of Birth.
6) Complete human verification through a captcha.
7) You’ll receive an OTP on your registered mobile number which you can use to authenticate the login.
Once you are logged in successfully, you now have access to your Demat Account’s CAS to view your Demat Account holding statement. You can also check your account’s CAS for a specified period based on date range, monthly or annually, and you can also download your CAS accordingly.
Also Read: How to Open a Demat Account?
Conclusion:-
It is quite simple to check your Demat Account’s CAS as you are not required to go anywhere to get your account’s CAS. You just have to complete a few steps on CDSL’s official website and you can get your account’s CAS while you are at your home or office. Moreover, you can also access individual Demat Account status through DPs official website or App. With a Demat Account, you can not only invest in shares; you can also invest in mutual funds, bonds, debentures, etc. Demat Account allows investors a place to store their investments and keep track of them. However, investors need to pay keen attention to aspects of their CASs such as the names of their funds & options, transaction history, and make sure that they are all in the sequence.
