Linking your Demat account with your AADHAAR is a mandatory requirement as per the guidelines issued by the Securities and Exchange Board of India (SEBI). The linking process is straightforward, and it enables the government to track your investments and prevent fraudulent activities.
Here are the steps to link your Demat account with your AADHAAR:
Step 1: Visit the Website of your Depository Participant (DP):
The first step is to visit the website of your Depository Participant (DP) or the Stock Broker with whom you have opened a Demat account.
Step 2: Log in to your account:
Login to your Demat account using your User ID and Password.
Step 3: Select the “AADHAAR Linking” option:
Select the “AADHAAR Linking” option from the menu. You will be redirected to a new page.
Step 4: Enter your AADHAAR Details:
Enter your 12-digit AADHAAR number and your name as mentioned on the AADHAAR card.
Step 5: Verify your details:
Verify your details and click “Submit.”
Step 6: Enter the OTP.
You will receive an OTP (One-Time Password) on your registered mobile number linked to your AADHAAR. Enter the OTP on the website and click “Submit.”
Step 7: Confirmation:
Once the linking process is complete, you will receive a confirmation message on your registered mobile number and email ID.
Alternatively, you can link your Demat account with your AADHAAR by visiting the DP office and submitting the necessary documents. Here are the steps.
Step 1: Visit the DP Office:
Visit the office of your Depository Participant (DP) or the Stock Broker with whom you have opened a Demat account.
Step 2: Fill out the AADHAAR Linking Form:
Collect the AADHAAR linked form from the DP office and fill in the necessary details, including your AADHAAR number and name.
Step 3: Submit the form:
Submit the form along with a self-attested copy of your AADHAAR card.
Step 4: Verification:
The DP office will verify your Aadhaar details and link it with your Demat account.
Step 5: Confirmation:
Once the linking process is complete, you will receive a confirmation message on your registered mobile number and email ID.
It is imperative to note that if you have multiple Demat accounts with different Depository Participants, you need to link each account separately to AADHAAR. You can also link your AADHAAR card with multiple Demat accounts if you have opened them with the same DP.
Wrapping up
In conclusion, linking your Demat account with your AADHAAR is a mandatory requirement, and it is essential to follow the steps mentioned above to complete the process. It is a must to keep your AADHAAR details updated and ensure that they match the details mentioned in your Demat account. This will help you to avoid any discrepancies and ensure a smooth transaction process. It is imperative to research and compare the different types of demat accounts and their features to choose the right one for you. So, good luck with the demat account you want to open and start trading with it. It’s worth opening up a demat account.
