How to link Aadhaar to Demat Account
SEBI has made it mandatory for all brokerage firms to link Aadhaar number with Demat account of their clients. Accounts not linked with Aadhaar would be deactivated till your account gets linked with a unique 12-digit biometric identification number. NSDL has made adequate provisions to link Aadhaar with Demat account of investors online. This process to link your Demat account with Aadhaar number is very simple which is explained in detail below.
Steps to Link Aadhaar Card Number with Demat Account Online
The easiest way to link Aadhaar number to your Demat account is through the NSDL portal. Here’s how it can be done in a few simple steps:
Step 1: Visit the NSDL’s website and click on the ‘Link Aadhaar with Demat the Account’ tab on the home page.
Step 2: Enter the name of your Depository Participant, DP ID, your client ID, and PAN details. Then enter the verification code and click on ‘’Proceed’’.
Step 3: After this, you will receive an OTP (One Time Password) on your registered mobile number or email address as per NSDL records.
Step 4: The Demat information will then be displayed on screen for confirmation. If the information displayed is correct, proceed with the linking process.
Step 5: Now enter your DOB, gender and Aadhaar number and click on “Proceed”.
Step 6: After submitting the details, you will receive OTP on the mobile number registered with the Aadhaar.
Step 7: Submit the OTP to authenticate your details.
Step 8: Your Demat account will be linked with your Aadhaar card and a confirmation message will be sent to your registered email id and mobile number.
List of documents required while Aadhaar-Demat Linking-
The above mentioned is the process to link Aadhaar number with your Demat account. While linking your Aadhaar with the Demat account you must keep certain documents ready. The list of documents is as follows:
- Aadhaar card
- Name and ID of Depository Participant, PAN and other information related to your Demat account
- Registered mobile number
Once your Aadhaar card is linked with the Demat account, you can check whether the linking that been done properly or not by following the below-mentioned process.
How to know if your Aadhaar has been linked with your Demat Account?
You can quickly check if your Aadhaar has been successfully linked with your Demat account by following the below-mentioned steps:
- Visit the UIDAI website
- Click on Check Aadhaar Linked account
- Enter your 12-digit Aadhaar number
- You will receive an OTP on your mobile, enter that in the OTP field
- You will be able to see all accounts including your Demat account linked to your Aadhaar
Before linking your Aadhaar number with the Demat account, you must keep some important points in mind which are given below.
Important Points to Keep in Mind While Aadhaar-Demat Linking
- You should keep the following points in mind before you link Aadhaar with your Demat account:
- Your mobile number and email id should be linked with NSDL to authenticate yourself.
- Your mobile number should be registered with your Aadhaar to authenticate using the OTP-based verification.
- You should keep your DP Name, DP ID, PAN and other details handy before linking the account.
- Refrain from using public computers or shared internet connections to access your details online to prevent from hacking or phishing.
- The linking of Aadhaar number with the Demat account has many benefits. Let us learn about all those benefits mentioned below.
Benefits of Linking Aadhaar with Demat Account:
- It reduces the stress of submitting documentation for Futures and Options Trading.
- Quick and easy eKYC approval as all details are authenticated using your Aadhaar card.
- Investors will easily be able to switch the brokerage firm as per their preferences after Aadhaar seeding.
- Enables easy monitoring for the regulators and aids in the prevention of frauds.
- There will be more transparency in the investments done.
- Demat accounts which are not linked to Aadhaar cards could face possible deactivation.
