Demat Account Growth Hits Six-Year Low in 2025 Despite Record High Base

• India's demat account growth slowed sharply in 2025, reaching a six-year low.
• Total demat accounts reached an all-time high of 21.59 crore by December 2025.
• Year-on-year growth moderated to 16.5%, with 3.06 crore new accounts added in 2025.
• CDSL accounted for the majority of new additions, growing by 2.62 crore accounts.
• Growth has steadily decelerated since a sharp expansion in 2021 (61.7% growth).

Why It Matters: Demat account additions in India slowed significantly in 2025, despite a record total.