The regulatory body – Securities Exchange Board of India (SEBI) has made it mandatory for all the brokerage firms in India to link aadhar with the demat account of their clients.
Those demat accounts which are not linked with aadhar will be deactivated until the client links the account with the 12 – digit aadhar number. The National Securities Depository Limited (NSDL) has made adequate provisions to link aadhar with the demat account via online. The process is very easy, simple and it allows investors to perform the linking task 24X7.
How to link Aadhaar with Demat Account via online?
The online linking of Aadhar number with Demat account is one of the easiest and simplest methods and can be done via NSDL portal. One has to follow the below-mentioned procedure for linking:
Step 1: Visit the NSDL Portal and click on the “Click here to Link Aadhaar Number to Demat Account” option
Step 2: One can even visit Aadhar linking portal of NSDL (https://aadhaar.nsdl.com/AdhaarSeeding/) and click on the ‘Get Started’ button.
Step 3: Enter your DP Name, DP ID, Client ID and PAN followed by the verification code and click on ‘Proceed’.
Step 4: An OTP get generated and the same will be sent to the mobile number and email ID which is registered with NSDL.
Step 5: The complete details related to the demat account information will be displayed on the screen. If the displayed information is correct, click on the ‘Proceed’ button.
Step 6: Enter your Date of Birth, Gender, Aadhar number and ‘Proceed’ further
Step 7: An OTP will be sent to the mobile number which is registered with Aadhar.
Step 8: Enter the OTP number to authenticate the details and click on the “Submit” button.
Step 9: Your Demat account will be seeded with Aadhaar card and a confirmation message will be sent directly to your registered e-mail ID and mobile number.
Benefits of Linking Aadhaar Card with Demat Account
The following are the list of benefits for seeding Aadhaar Card with Demat Account: