Demat Account Growth Analyzed
In October 2025, India saw a significant increase in the number of demat accounts – accounts used to hold stocks and other investments. This growth was driven by both NSDL and CDSL, the two main companies managing these accounts. This expansion is a key indicator of increased investment activity within the Indian stock market.
Key Points
- 4.3 lakh new demat accounts added in October 2025.
- CDSL saw a larger increase (1.6%) than NSDL (1.0%).
- Total demat accounts reached 21 crore across both platforms.
- NSDL holds 4.2 crore accounts, CDSL 16.8 crore accounts.
- Growth signifies rising investor interest in the market.
- Increased accounts point to market expansion and opportunities.
November 2025 Data
Specifically, NSDL added 4.3 lakh new demat accounts, representing a 1.0% rise month-over-month. CDSL experienced a more substantial growth of 25.6 lakh new accounts – a 1.6% increase compared to September 2025. This demonstrates a positive trend in the market’s accessibility.
By the end of October 2025, the total number of demat accounts was 21 crore. NSDL managed 4.2 crore accounts, while CDSL oversaw 16.8 crore accounts. This robust increase shows the market is attracting more investors.
These figures highlight the growing popularity of investing in India, with more individuals and institutions choosing to hold their investments in demat accounts. Continued monitoring of these trends will be crucial for understanding future market developments.
Understanding this account growth is vital for strategic investment decisions.



