Documents You Need to Keep Handy During Online Linking
The Aadhaar- Demat linking process is online and hassle-free that can be completed without cumbersome paperwork. Following are the documents and details that you will need during the linking process:
- Aadhaar Card
- PAN Card
- Demat Account number
- Client ID and Depository Participant’s (DP’s) ID
You should keep your registered mobile number to receive the OTP (One-Time Password). Ensure that your mobile number is linked to your Aadhaar.
How to Link Aadhaar to Demat Account - The Steps
Linking your Aadhaar with your demat account at the Depository NSDL's (National Securities Depository Ltd) website is the simplest and most convenient way. If you don't yet have a demat account, open demat account today to start your investment journey. The following are the steps to link Aadhaar to your NSDL demat account:
- Visit the NSDL's official website>Link Aadhaar with demat Account.
- You will see the defined guidelines regarding the process on your screen. You can read and understand the process. Once done, click on the tab 'Get Started'.
- Click on Link Aadhaar to Demat Account option.
- Enter the necessary information like your demat account number, client ID, PAN details, stockbroker or DP's ID, and contact details.
- Now, enter the verification/captcha code to proceed.
- You will receive an OTP on your phone number. Verify it.
- All the details of your Demat Account will be shown on your device's screen. Check for any discrepancies. Now you can click the 'Proceed' button.
- It will need your Aadhaar number and birth date to proceed.
- An OTP will be sent to your registered number linked with your Aadhaar.
- Now you can click on the submit button to complete the Aadhar card link with Demat account process.
- You will receive the confirmation through email and SMS.
This is how you can accomplish the integration of your Aadhar to your demat account easily
Advantages of Linking Your Aadhaar Number to Your Demat Account
- Your e-KYC approval will be quick and seamless using all authenticated details on your Aadhaar card.
- Investing process will be more transparent. It aids in the prevention of fraud with easy monitoring by the SEBI.
- You need not worry about account deactivation.
- You can trade Futures and Options with more ease without any tedious documentation.