The Securities and Exchange Board (SEBI) of India has made it mandatory for all the brokerage firms to link their client’s demat account with Aadhaar. The National Securities Depository Limited (NSDL) has made sufficient provisions for you to link your Aadhaar with the demat account through online mode. This facility is available to you 24*7.
You must visit the NSDL’s Portal and click on the “Click Here to Link Aadhaar Number to Demat Account” option on the website.
Submit the name of your Depository Participant, DP ID, your client ID, and PAN details.
You will receive a one-time password (OTP) on your registered mobile number and email id. Enter the verification code and click on the “Proceed” option.
Now you will see your demat account information on the screen. Check if the information is correct and click on the “Proceed” button.
Next, enter your date of birth, gender and Aadhaar number. Click on the “Proceed” button.
After submitting the details, you will receive OTP on the mobile number registered with the Aadhaar.
Submit the OTP to authenticate your details.
Now your demat account is linked with your Aadhaar card. You will receive a confirmation message on your registered mobile number and email id.
The above mentioned is the process to link Aadhaar number with demat account. While linking your Aadhaar with the demat account you must keep certain documents ready.
The list of documents is as follows:
Once your Aadhaar card is linked with the demat account, you can check whether the linking that been done properly or not. In the next section of the article, you will learn about the checking process
Step 1: Visit the UIDAI official website.
Step 2: Click on the “Check Aadhaar Linked Account”.
Step 3: Submit your Aadhaar number details.
Step 4: Submit the OTP received on your registered mobile number.
Now you will be able to see all the accounts that are linked to your Aadhaar card.
Before linking your Aadhaar number with the demat account, you must keep some important points in mind. In this section of the article you will learn about those important points.
The linking of Aadhaar number with the demat account has many benefits. Let us learn about all those benefits.
It amounts to reduced documentation for futures and options trading.
Since all the details are authenticated using your Aadhaar card, the eKYC approval process becomes simpler and less time-consuming.
Your demat account might get deactivated if your Aadhaar number is not linked with it.
It helps in the prevention of fraudulent activities as the monitoring process for the regulators becomes easy.
The above mentioned are a few of the benefits of linking Aadhaar card with the demat account. While opening a demat account you must ensure that the linking process is done.
If you are looking to open a demat account you may consider opening it with Kotak Securities. We are a leading broking firm in the country. We provide premium services to our clients at the most affordable rates.
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