Utility: How to link your Aadhaar Card with Demat Account; Learn step-by-step guide!
Investors using the trading platform are required by the capital markets regulator Securities and Exchange Board of India (SEBI) to link their Aadhaar number with the appropriate demat account. National Securities Depository Limited (NSDL), in line with this, has taken measures to link the Aadhaar number with the demat account.
Check out the step-by-step guide on how to link an Aadhaar card with a demat account on the NSDL website.
Open the official NSDL website.
Search 'Link Aadhaar with Demat Account' on the homepage.
Click on the 'Get Started' tab on the new page.
Enter Customer ID, PAN number, Demat account number, Demat account holder name, etc.
After the verification code, click on 'Proceed'.
You will receive an OTP on your registered mobile number.
For confirmation, the demat information will be shown on the screen. If the data shown is accurate, continue with the connection process.
Aadhaar and demat accounts will be linked once the information is successfully verified and authenticated.
Benefits of linking Aadhar Card with Demat Account:
Linking of Aadhaar and Demat account reduces the amount of paperwork required for futures and options trading.
Since your Aadhaar card is used to verify all the facts, eKYC approval is quick and easy.
Demat accounts that are not linked with an Aadhaar card may eventually get deactivated.
It makes it possible for authorities to monitor easily, and it helps prevent fraud.