Capital Markets
Demat accounts in India, March 2022 to March 2025
19.24 crore
More than doubled in 3 years
Total demat accounts as of March 2025
The total number of demat accounts in India (NSDL + CDSL combined) reached 19.24 crore by March 2025, more than double the level of three years earlier. The surge reflects rapid retail participation in equity markets, driven by digital onboarding and the rise of discount brokers.
Combined NSDL + CDSL demat account count at month-end.
Frequently asked questions
How many demat accounts are there in India?
India had 19.24 crore demat accounts (NSDL and CDSL combined) as of March 2025, more than double the count three years earlier.
Why are demat account numbers rising so fast?
Digital account opening, discount brokers, and growing retail interest in equities and IPOs have driven rapid growth in demat accounts.
Related statistics
Using this figure? KAMRIT advises Indian and global businesses on tax, GST, FDI/FEMA, and India entry built on data like this.
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