Demat-Aadhaar Link: Aadhar card has now become an important part of people’s life. It is needed everywhere. Without it, many works get stuck. It is necessary to link PAN with Aadhar.
It is also necessary to link Aadhar with bank account. Similarly, if you have a demat account, then it is very important to link it with Aadhar. Market regulator SEBI has made it mandatory to link demat account with Aadhar. There are many benefits of doing this. The entire online process is very easy.
If your account is not linked to Aadhaar, your broker will temporarily freeze it. In such a situation, you will not be able to do any transaction. Therefore, Aadhaar linking is very important. The good thing is that you can do this process online from home. Before starting the online process to link Aadhaar number to Demat, keep your Aadhaar card, PAN card, Demat account number (DP ID and client ID), registered mobile number, access to registered email etc. ready. If you have all these, then you can complete this process in 10 minutes.
Steps to link Demat account with Aadhaar
1 – First of all visit the website of the depository, NSDL (www.nsdl.co.in) or CDSL (www.cdslindia.com).
2 – After reaching the web portal, you have to click on the link given to link your Aadhaar number to the Demat account.
3 –Â On clicking the link, you will have to enter the details like DP Name, DP ID, Client ID and Income Tax PAN to proceed to the next step.
4 – Then you will get a One-Time Password (OTP) on your registered mobile number and your registered email ID.
5 –Â Enter the OTP in the space provided on the website to proceed to the next step.
6 –Â Once you enter the OTP, you will be allowed to view your online demat account details. Here, you can see information like name, age, address, mobile number, linked bank account, email ID, etc. You need to verify and confirm the details.
7 –Â In the next step you have to enter the Aadhaar number, gender and date of birth. Once you check the particular details and then click on Proceed, you can move to the next step.
8 –Â Once you have filled in the details, you will enter the OTP on the mobile number linked to your Aadhaar number. This OTP comes from UIDAI. Now you have to enter the OTP and click on submit.
9 – You will receive an SMS and email notification confirming that your Aadhaar number has been linked to your Demat account.
Know the benefits of linking Aadhaar
This increases the security of the demat account and reduces the chances of fraud or hacking. Also, if your demat account is already linked with Aadhaar, it becomes very easy to complete KYC (Know Your Customer) on a recurring basis. Also, it brings all your transactions of banks, mutual funds, shares etc. under the purview of Aadhaar, giving you a comprehensive view.
