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The Securities Exchange Board of India (SEBI) is the regulatory body monitoring and regulating securities and commodity markets in India. The SEBI made it mandatory for everyone indulged in brokerage to link their Demat account with Aadhaar. A Demat account is a Dematerialized account that holds shares or financial securities of a person in electronic form. You can open a Demat account easily and free of charge. Since SEBI made it mandatory to link the Demat account with Aadhaar, anyone failing to do so can face the deactivation of their Demat account. It is very easy to link Aadhaar to Demat Account online.

How to Link Aadhaar to Demat Account

You just have to follow the steps mentioned below to easily link Aadhaar with Demat Account.

  1. Visit the National Securities Depository Limited (NSDL) online portal.

  2. Select the ‘Click here to link Aadhaar Number to Demat Account’ option.

  3. Fill in your details like DP (Depository Participant) Name, DP ID, PAN and Client ID in the required fields. 

  4. Now, enter the verification code.

  5. Click on the ‘Proceed’.

  6. An OTP will be sent to the registered mobile number and email ID.

  7. All information related to your Demat Account will be displayed on the screen. Check if they are correct and click on the ‘Proceed’ button if found satisfactory.

  8. Now, enter your gender, date of birth and Aadhaar number.

  9. Click on ‘Proceed’.

  10. An OTP will be generated and sent to the mobile number registered with Aadhaar.

  11. Verify your account by entering the OTP.

  12. Click on the ‘Submit’ button.

  13. Once your account is linked, a confirmation message will be sent to your registered email ID  and mobile number.

Important Points to Keep in Mind

Here are a few important points to keep in mind when you link Aadhaar to Demat Account.

  • Email ID and Phone Number: To verify your identity while linking the Demat account to Aadhaar, your email ID and mobile number are essential. They should be linked with the NSDL (National Securities Depository Limited) to carry out this process. 

  • Aadhaar Verification: During the process, an OTP will be sent to your mobile number, which is linked to Aadhaar. You should have access to that mobile number to authenticate the details using the OTP.

  • DP details: Always keep the  name and ID of the Depository Participant handy throughout the process.

  • PAN card details: Always keep your PAN card close to you throughout the process for checking the details.

  • Security: To prevent compromising your account details and safeguarding you from online phishing and hacking, never use public Wi-Fi or cyber cafe internet networks to link Demat Account to Aadhaar.

Benefits of Linking Aadhaar with your Demat Account

  • Your eKYC approval will be swift as all your details are verified using your Aadhaar number.

  • After linking to Aadhaar, it will be easy for investors to switch instantly between various brokerage firms. 

  • Easy switching between the brokerage firms will lead to an increase in competition between firms. This will result in a decrease in the broking charges charged by the firms.

  • Your investments can be monitored regularly and the transparency of the transactions will be high. This will prevent any kind of discrepancies.

  • Linking your Demat account with Aadhaar will prevent your Demat accounts from being stated fake and prevent its deactivation.