Aadhaar Demat Account Link: If you have opened a demat account or are a holder of one, you can conveniently link it with Aadhaar online from the comfort of your home. Connecting demat with Aadhaar offers various advantages. As per SBI Securities, the market regulator SEBI has today mandated the linking of the demat account with Aadhaar.
If the demat account stays unlinked, the broker will be required to freeze that demat account and prohibit any transactions until the linking process is finalized. Prior to initiating the online procedure for linking your Aadhaar number to your Demat account, ensure you have your Aadhaar card, PAN card, Demat account number (including DP ID and Client ID), registered mobile number, and access to your registered email, among other things. If you possess all of these, you can finish this task in 10 minutes.
Benefits
Connecting the two enhances the security of the demat account and lowers the likelihood of fraud or hacking. Additionally, if your demat account is linked to Aadhaar, it simplifies the process of regularly completing KYC (Know Your Customer). Additionally, it consolidates all your transactions from banks, mutual funds, stocks, etc., within the framework of Aadhaar, providing you with a complete overview.
How to do
go to the site of the depository, NSDL ( www.nsdl.co.in ) or CDSL ( www.cdslindia.com ). Upon accessing the web portal, you must click on the provided link to associate your Aadhaar number with the Demat account and adhere to the instructions to finish the process to achieve the desired outcome.