You can complete this work in just 10 minutes if all the documents are together.
If you have opened demat or are a demat account holder, then you can easily link it online with Aadhaar. Linking demat to Aadhaar also has its own advantages. According to SBI Securities, in today’s time, market regulator SEBI has also made it mandatory to link the demat account to Aadhaar. If the demat account remains unlink, the broker will inevitably have to freeze the demat account and do not allow any transactions until the linking is completed.
Keep these documents ready before the link process
Before starting the online process to link the Aadhaar number to the demat, keep your Aadhaar card, PAN card, demat account number (DP ID and client ID), registered mobile number, access to registered email etc. If you have all this, you can complete this process in 10 minutes.
Link online like this
First depository, NSDL (www.nsdl.co.in) Or cdsl (www.cdslindia.com) Go to the website of reaching the website. After filling the details, you will get a one-time password (OTP) on your registered mobile number and your registered email ID. To go to the next step, enter the OTP at the place given on the website. Once you enter OTP, you will get permission to see the details of your online demat account. Here, you can see information like name, age, address, mobile number, linked bank account, email ID etc. You need to verify and confirm details. In the next step you have to enter the Aadhaar number, gender and date of birth. Once you check the details in particular and then click on moving forward, you can go to the next step. Once you fill the details, you will enter OTP on the mobile number connected to your Aadhaar number. It comes from OTP UIDAI. Now you have to enter OTP and click on submit. You will get an SMS and email information that will be confirmed that your Aadhaar number is linked to your demat account. This occurs in real time unless there is any discrepancy, in such a situation you may have to solve it offline.
Benefits of linking both
This increases the security of the demat account and reduces the chances of cheating or hacking. In addition, if your demat account is already linked to Aadhaar, it becomes very easy to complete KYC (know your customer) on the recurring basis. Also, it brings all your transactions of banks, mutual funds, shares etc. under the basis of Aadhaar, which also gives you a comprehensive approach.
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