What is a Client Master Report (CMR) and How to Get it?

To invest in stocks, you need to open a demat account with a depository participant (DP). The DP issues certain documents and reports, which contain details about your account and investments. Among these is the Client Master Report (CMR), a vital document for any investor. 

 

A Demat account CMR copy contains all the transaction, personal, and banking details. The report certifies the authenticity of the details provided by you and your investment and, as such, is valid proof in numerous cases.

 

Read on to learn more about the client master report, its uses, and how to download it.

Listed below are the common information sections present in your demat account CMR copy.

• DP and Client ID

These are unique 8-digit IDs that help identify your depository participant and the client, i.e. you. The NSDL or CDSL issues the DP ID, and the client ID is issued when you open your demat account.

• Client Status and Account Details

The CMR copy will have the date when you opened the account, the date you closed it (if applicable), and whether it is active or inactive. You will also see the account type mentioned in the report. Generally, there are three types – regular, repatriable, or non-repatriable.

• BO Status and Sub-Status

The report will also mention the BO (Beneficiary Owner) status (HUF, individual, corporation, etc.) you mention at the time of account opening. The report will also have the BO sub-status. For example, an individual may have a sub-status as NRI.  

• Statement Cycle

This refers to the frequency at which you will receive the report from your DP. If you choose quarterly or monthly, the DP will issue the reports every three months or every month.

• BSDA Flag

If your demat account classifies as a Basic Service Demat Account, the flag status will have ‘Yes’. If not, the status will be ‘No’.

• Nominee and Power of Attorney 

A nominee is a person who will get access to investment in case of the account holder’s death. You will generally mention the nominee at the time of opening the account. Power of Attorney will have details of the person/entity you have permitted to act on your behalf.

• Personal and Bank Details

All personal details, such as your name, PAN, address, and contact information, will be available on the CMR copy. The report will also contain your bank information, such as bank name, account type, number, IFSC and MICR code, and more.

• Freeze Status

If any legal authority takes action to prevent any transaction in your demat account, for legal or regulatory means, the report will reflect this action.

Your demat account CMR copy is a vital requirement in numerous cases. Given below are three instances wherein the CMR is a requirement:

• Link Demat Account with a Trading Account

Regardless of your broker, a CMR copy facilitates the seamless linking of your demat account with your trading account. The trading can be an account you have recently opened or one you have held for some time.

• Transfer Holdings from One DP to Another

If you are planning on changing your depository participant, a CMR copy is a vital document you will need. Considering the information in this report, it can help ensure that all your holdings get transferred without any issues.

• Transact in Off-Market or Unlisted Shares

When you want to trade or invest in off-market or unlisted shares, this report is a crucial requirement. It may even be mandatory in some cases. This is because it serves as legal proof of your investment and personal information.

 

In addition, the nominee requires a client master report to claim the holding in case of the account holder's death. With this report, you can also confirm that there are no errors in your account and verify that all the information is up-to-date.

With digital advancements, requesting your demat account CMR copy is easy and takes a few minutes. 

 

Given below are the general steps to place your request with Bajaj Financial Securities Limited:

• Login to your Demat account

• Navigate to ‘My Account’ tab

• Opt for ‘CML Copy Request’ from the menu

• Click on ‘Request CML Copy’

 

You shall receive the CML copy to your registered email id soon after the request has been submitted.

 

These steps can vary depending on the DP chosen. You may also be able to download your demat account CMR copy through the DP’s mobile app. 

 

Now that you know the details and uses of a client master report, you have a better understanding of your Demat account. If you do not have a Demat account, open one online on Bajaj Markets. The process is quick, secure, and simple, and you can even download the app to get started.