How many demat accounts are there in India? (2026)

234.4 million

demat accounts (CDSL + NSDL) · July 2026

Range: 234.4 million accounts; fewer unique investors
Confidence: High: an official count
Last checked: 23 October 2026

The short answer

India had 234.4 million demat accounts in July 2026, after 2.9 million were added that month, according to a 360 ONE Capital report. CDSL held 188.3 million and NSDL 46.2 million.

Depositories count accounts. An investor with accounts at two brokers is counted twice, so unique investors are fewer; the depositories' monthly figures do not de-duplicate.

How we got this number

Take the depositories' combined count for July 2026: 234.4 million, as compiled by 360 ONE Capital.
Check the parts: 188.3 million at CDSL plus 46.2 million at NSDL is 234.5 million, which matches within rounding.
Report it as accounts, not investors.

What this number does not tell you

Accounts are not people; one investor can hold several.
Dormant accounts are included.
The count is from a broker's report of depository data, not the depositories' own release.

Sources

360 ONE Capital report, via ANI and Asianet Newsable, 14 August 2026July 2026 saw the number of demat accounts increase to 234.4 mn, registering 1.25 per cent month-on-month (MoM) growth. Total incremental demat account additions during the month reached 2.9 million. Central Depository Services Limited (CDSL) registered 188.3 million demat accounts. National Securities Depository Limited (NSDL) recorded 46.2 million demat accounts. According to a report by 360 ONE Capital.

Worked out by us: 234.5 million (188.3 million CDSL plus 46.2 million NSDL).

Questions people ask

How many demat accounts are there in India in 2026?

234.4 million in July 2026: 188.3 million at CDSL and 46.2 million at NSDL.

Is the number of demat accounts the number of investors?

No. An investor can open accounts with several brokers, so unique investors are fewer.

How many demat accounts are there in India?