How to Link Aadhaar Number With Demat Account?

How to Link Aadhaar With Demat Account

NSDL offers a free, 24x7 facility to help investors link their Aadhaar number with their Demat accounts.

Here is a step-by-step process of linking a Demat account with Aadhaar number:

Step 1: Visit the NSDL website
Step 2: Click on “Click here to link Aadhaar Number to Demat Account” option on the page
Step 3: Enter the name of your Depository Participant, DP ID, your client ID, and PAN details
Step 4: An OTP will be sent to your registered mobile number and email ID
Step 5: Enter the OTP and click proceed
Step 6: Enter your Aadhaar details and other necessary details and click proceed
Step 7: OTP will be sent to your mobile number registered with Aadhaar
Step 8: Enter the OTP and click Submit.
 
Congratulations! You have successfully linked your Aadhar number with your Demat account. You can now trade seamlessly and conveniently.

What Documents are needed for linking Aadhaar with your Demat account?

Here are the list of Documents are needed for linking Aadhaar with your Demat account.

1. Aadhaar Card,
2. DP name, DP ID, PAN, and Demat account details,
3. Registered mobile for OTP verification.

Advantages of linking your Aadhaar with your Demat Account?

Here are the top benefits of knowing how to link Aadhaar with a Demat account online:

• Your account becomes e-KYC ready, meaning you can invest in a wide range of securities through any broker of your preference without any hiccups. 
• Your account will not be deactivated for not complying with the regulations laid down by India's Securities and Exchange Board (SEBI).
• You can conveniently switch between multiple brokerage houses and maximize your profits.
• SEBI will monitor your Demat account. Hence, the chances of fraudulent transactions will be nil to minimal. 
• You become eligible to trade in shares, commodities, futures, derivatives, etc.
   

Conclusion

So, you know how to link a Demat account with an Aadhaar number. With this, you have moved one step ahead in the journey to make gravity-defying profits. Choose your broker wisely since a low-cost brokerage house cares for your finances by charging minimal fees and offering maximum functionality.