How to Link Your Aadhaar Number with DEMAT Account?

Linking of your Aadhaar Card is essential for demat account opening online. Before we begin with the topic, here’s some information about demat account.

Let us begin by understanding how to open demat account?

Open A Demat Account

The opening of demat account is straightforward. Just follow these steps:

1. Demat account opening requires a depository participant from the 6 SEBI registered depositories

2. Then choose a DP with whom you plan to open a demat account

3. Fill out the application form with your details

4. Submit the requested documents wherever required

5. After the in person verification, you will be given the account number or the client ID

6. Once you have your account number or the client ID, you can access your demat account

A demat account can be opened online, as well. The procedure to open a demat account online is similar to the one explained above. However, you are required to sign the Power of Attorney (POA) in-person.

Steps for Linking Your Aadhaar Card with Demat Account

Once you have successfully opened the demat account, you have to link it to your Aadhaar number. You can connect your Aadhaar card to your demat account online by following the steps given below.

1. Open the NSDL official website

2. Select the option to link Aadhaar Number to Demat Account

3. Provide the requested details

– the name of the DP and DP ID, client ID, and any more requested details

4. Enter the OTP received on your registered mobile number

5. Fill in your your Aadhaar details

6. Again, an OTP will be sent to your mobile number that is registered with your Aadhaar card

7. After entering the OTP, click on submit

Necessary Documents

When linking your Aadhaar card with your demat account, make sure you have the following documents handy.

• Aadhaar Card

• Demat account details

• Registered mobile number

How to Know Whether Your Aadhaar Card Has Been Linked?

To know whether the linking of your Aadhaar card with the demat account is successful, follow the steps given below.

1. Open the UIDAI official website

2. Choose Check Aadhaar Linked Account

3. Enter your Aadhaar number

4. Enter the OTP received on your registered mobile number

5. After this, you will be able to see all the accounts that are linked to your Aadhaar card.

Benefits of Linking Aadhaar Card with Demat Account

Linking your Aadhaar card with your demat account has several advantages.

• It reduces the stress of submitting documentation for Futures and Options Trading

• Instant and easy eKYC approval – mainly because all the documents are already verified using your Aadhaar card

• In case, your demat account is not successfully linked to your Aadhaar card; the account might get deactivated

• Allows easy monitoring for the officials and helps prevent any fraudulent activities

Related Articles:

• Steps to Open an Demat Account
• How To Know Your Demat Account Number?
• How to Open a Demat Account for Minors?