Home  »  Aadhar Card  »  Seeding Aadhaar Number with Demat Account

Seeding Aadhaar Number with Demat Account

The regulatory body – Securities Exchange Board of India (SEBI) has made it mandatory for all the brokerage firms in India to link aadhar with the demat account of their clients.

Those demat accounts which are not linked with aadhar will be deactivated until the client links the account with the 12 – digit aadhar number. The National Securities Depository Limited (NSDL) has made adequate provisions to link aadhar with the demat account via online. The process is very easy, simple and it allows investors to perform the linking task 24X7.

How to link Aadhaar with Demat Account via online?

The online linking of Aadhar number with Demat account is one of the easiest and simplest methods and can be done via NSDL portal. One has to follow the below-mentioned procedure for linking:

Step 1: Visit the NSDL Portal and click on the “Click here to Link Aadhaar Number to Demat Account” option
Step 2: One can even visit Aadhar linking portal of NSDL (https://aadhaar.nsdl.com/AdhaarSeeding/) and click on the ‘Get Started’ button.
Step 3: Enter your DP Name, DP ID, Client ID and PAN followed by the verification code and click on ‘Proceed’.
Step 4: An OTP get generated and the same will be sent to the mobile number and email ID which is registered with NSDL.
Step 5: The complete details related to the demat account information will be displayed on the screen. If the displayed information is correct, click on the ‘Proceed’ button.
Step 6: Enter your Date of Birth, Gender, Aadhar number and ‘Proceed’ further
Step 7: An OTP will be sent to the mobile number which is registered with Aadhar.
Step 8: Enter the OTP number to authenticate the details and click on the “Submit” button.
Step 9: Your Demat account will be seeded with Aadhaar card and a confirmation message will be sent directly to your registered e-mail ID and mobile number.

Benefits of Linking Aadhaar Card with Demat Account

The following are the list of benefits for seeding Aadhaar Card with Demat Account:

  • Those accounts which are not seeded with aadhar will be treated as fake accounts and the same will be deactivated instantly after the end of the deadline.
  • The seeding of aadhar card with the demat account is an easy procedure and this will help to fill in the e-KYC as the details will be authenticated using the aadhaar number.
  • Investors can easily switch the brokerage firm as per their preference post seeding of Aadhaar.
  • Once switching of the brokerage firm becomes easier, the level of competition in the industry will increase and hence the brokerage charges by the brokerage firms will have to come down.
  • It helps the investment regulator to monitor the transactions and prevent fraudulent activities.
  • There will be transparency in investment which will make it safer and easier to carry out transactions.
  • The transparency and improvement in the level of transactions will increase the total number of investors thus boosting the industry at large.
  • The documentation process for options and futures trading will reduce considerably making it easier for both new and old investors to manage their accounts.

Get Latest News alerts from Goodreturns

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more