How to know your depository?

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A customer can find with which depository (CDSL or NSDL) he has an account in the following ways:

  • Check your demat account-related documents i.e. demat statement, dp slips etc.
  • Contact your broker whom with you have your demat account.
  • If 16 digits demat account number starts with IN, your Demat account is said to be registered with the NSDL depository.
  • If 16 digits demat account number's first 8 digits are numeric, your Demat account is said to be registered with the CDSL depository

Example

The DP ID of Ventura Securities is IN303116. The 8-digit alphanumeric DP ID indicates that Ventura Securities is a member of the NSDL depository.

The DP ID of Zerodha is 12081600. The 8 digits numeric DP ID indicates that Zerodha is a member of the CDSL depository.

 

Note

Every broker (or Depository Participant DP) in India is registered with one of the two depositories (NSDL or CDSL). To know your depository, you can contact your stock broker.

Brokers like Zerodha only have CDSL membership. This means all Zerodha customers have the demat account with CDSL only.

Other brokers like Sharekhan have both NSDL and CDSL membership. The customer has to choose one of them while opening an account. In this case, you will have to check with the broker or check your demat account-related documents to find which depository you have an account with.


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