How to Link your Aadhaar Number with your Demat Account?
If you are looking to invest in stock markets, then you have to follow certain statutory requirements. Foremost, is to link your Aadhaar with Demat Account. Market regulator, Securities Exchange Board of India (SEBI) made it compulsory for all brokers/ brokerage firms to link Aadhaar with the Demat Account of investors using their trading platforms. Following this, National Securities Depositories Ltd (NSDL) made provisions for the online linking of Aadhaar with the Demat Account of all investors.
The process of online linking is hassle-free and does not require cumbersome paperwork. In fact, the facility of online linking is available round-the-clock on NSDL’s website. Before knowing the process of online linking you must understand the importance of Aadhaar number and Demat Account.
- Aadhaar is a 12-digit individual identification number issued by the Unique Identification Authority of India (UIDAI), a union government body. It serves as an identity and address proof across the country.
- Demat account is a dematerialized account, where the physical shares owned by you are kept in an electronic format. You cannot trade in stock markets without having a Demat Account.
Now, read on to know the process of online linking.