What is NSDL's IDeAS facility, and how to avail of it?

Internet-based Demat Account Statement (IDeAS) is an online facility to check Demat account balances and transactions. Offered by the National Securities Depository Limited (NSDL), this facility provides information with a maximum real-time delay of 30 minutes.

NSDL IDeAS maintains a secured internet website for providing the IDeAS facility, which is available to all clients, including clearing members, with accounts opened under any NSDL depository participant.

Let us look at some of the key features of the IDeAS facility.

Features of NSDL IDeAS
 

Clients, also known as beneficiary owners or beneficial owners, are the final investor(s) who have opened the account with any depository participant of NSDL. They are the owners of the investments held in their respective Demat account. Some of the client-specific features of IDeAS are.

• The latest balance of investment held by the client in the Demat account can be viewed on IDeAS. The value of the investment held is as per the previous day's closing price of the stock
• IDeAS also provide the last 30 days' transaction details for the Demat account along with a Consolidated Account Statement (CAS) for the last 12 months 
• Clients can also download a monthly transaction summary of the previous 12 months, which features the verifiable NSDL digital signature
• Clients can participate in NSDL e-voting
• Clients have the option of password or etoken-driven IDeAS access
• You can register for IDeAS either as a password user

Client – password option
 

• You have to fill up the online NSDL IDeAS registration form and choose your username (3-8 characters) and password (8-16 characters)
• Both should be alphanumeric 
• (refer DOC 1 for link)

Besides, existing users of SPEED-e can register for IDeAS by clicking on the "Change Service" option. This can be done by both password and etoken users, using the same user ID and password. DP authorisation for a change service request is required for this registration.

You may want to know
 

IDeAS run-on
 

The IDeAS mobile application for clients requires Android 4.0 and IoS 7.0 or advanced versions with a mobile screen size of at least 4 inches. To access it on a computer, clients must ensure 512 MB RAM, Windows 2000/XP/Vista/Server 2003 and an internet connection.

Safety
 

You must keep the password/PIN confidential. While using IDeAS, the computer,  and e-token should not be left unattended, and unauthorised use should be prevented

Transferability
 

You will have the exclusive right to use IDeAS which cannot be transferred to anyone else

Termination
 

Clients can request the termination of IDeAS through IDeAS or in writing to the DP by giving a 15-day notice. DPS can terminate IDeAS after providing reasonable notice to their clients. The DP may terminate the client's IDeAS account without notice in case of the client's death, bankruptcy, lack of legal capacity, etc.

Change in terms and conditions
 

NSDL reserves the right to amend or supplement the terms and conditions at any time after giving a prior notice of fifteen days.

Conclusion
 

The NSDL IDeAS facility is available to all IDFC FIRST Bank Demat account holders. With the simple registration process, you can get a real-time snapshot of your Demat account and your transaction details. If you don't have a Demat account yet, open the IDFC FIRST Bank instant Demat account without paying any opening fee and open up investment opportunities for you across the stock market, and in bonds and government securities, mutual funds, debentures and more!

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.