A recent change brought about by the Securities and Exchange Board of India (SEBI) is the mandatory linking of Aadhaar with PAN for eligible Demat account holders. This move makes it much more convenient and easier for individuals to file the required paperwork for trading, among other benefits. 

 

Aadhaar is a 12-digit unique identification number that is used to verify people’s identities and helps prevent the risk of fraud. The National Securities Depository Limited (NSDL) has made certain provisions in order to facilitate this linkage. It is a hassle-free procedure and does not require any tiresome paperwork. 

 

Read on to learn more about this process and other details in the following sections.

Documents Required for Aadhaar-Demat Account Linking

Below are the documents that you will require to link your Aadhaar to your Demat account:

ITR File Kiya Kya?

File online, track refund updates, calculate deductions, and more.
Tax image

Steps to Link Aadhaar With Demat Account

Linking your Aadhaar with your Demat account is quite simple. Here are the steps involved in doing this: 

  • Visit the CDSL or NSDL’s official website and click on the ‘Link Aadhaar with Demat Account’ option

  • Provide necessary details such as your Demat account number, DP Name, PAN details, client ID, DP  ID, and proceed

  • Enter the OTP received on your registered mobile number and email ID

  • Update your Aadhaar details, such as your Aadhaar number, Date of Birth and gender and click on ‘Proceed’.

  • Enter the OTP received on the registered mobile number linked to your Aadhaar number and click on ‘Submit’.

Following this, you will receive a confirmation of your Aadhaar and Demat account’s linkage via email and SMS. 

 

It is recommended to avoid using shared internet connections or public computers to do such procedures to prevent hacking/phishing. You must also have your email ID and mobile number linked with NSDL/CDSL beforehand in order to authenticate yourself.

Benefits of Linking Aadhaar-Demat Account

  • Straightforward and quicker eKYC approval process

  • Switch between brokerage firms to better suit your needs and requirements

  • Effective monitoring allowing capital markets regulators to prevent instances of fraud efficiently

  • Reduces the amount of paperwork required futures and options trading

  • Increased transparency in investing, allowing for much more safety and security in dealings

     

You may now have a better understanding of how to go about linking Aadhaar with your Demat account.

FAQs on How To Link Aadhar With Demat Account

Is Aadhaar necessary to open a Demat account?

You can open a Demat account without Aadhaar. However, completing the eKYC process is mandatory, for which Aadhaar is necessary.

How can I open a Demat account if my Aadhaar is not linked to a mobile number?

To do so, you will be required to visit your Depository Participant’s (DP) physical branch. However, it is recommended to link your Aadhaar with your phone number as it can be quite beneficial by simplifying multiple procedures.

Where can I see the status of my Demat Account-Aadhaar linkage?

To verify if the Aadhaar is successfully linked to your Demat account, you can visit UIDAI’s website and check your Aadhaar-linked account. This will show you all the accounts linked to your Aadhaar, along with your Demat account.

Trade at flat Rs. 20/order | Open free* Demat & Trading Account Now Open Account
Home
active_tab
Loan Offer
active_tab
Download App
active_tab
CIBIL Score
active_tab