How Do I Modify My Holdings Verification

Motilal Oswal is a leading financial services company in India. It offers its customers a wide range of products and services, including investment banking, broking, asset management, and wealth management.

One of the services that Motilal Oswal offers is holdings verification. This service is used to verify the ownership of shares and securities. It is required by law for all investors to have their holdings verified.

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Motilal Oswal offers two ways to verify your holdings:

• eDIS (Electronic Direct Investor System): This is the online verification method.
• Physical verification: This is the offline method of verification.

In this article, we will discuss how to modify your holdings verification using eDIS.

What is eDIS?

Before we get into the primary topic of this article, let's first understand eDIS. eDIS stands for Electronic Delivery Instruction Slip, which is an electronic document used for transferring shares from one demat account to another.

It is a secure and convenient way of transferring shares without the need for physical documents. eDIS can be used for both buying and selling shares in the stock market, and investors in India widely use it.

How to Modify Your Holdings Verification Using eDIS

Now, as we have understood eDIS, it's time to know how to modify holdings verification using it. To modify your holdings verification using eDIS, you will need to follow these steps:

1. Log in to your Motilal Oswal account.
2. Click on the "Holdings Verification" tab.
3. Click on the "Modify" button.
4. On the "Modify Holdings Verification" page, you need to provide the following information:
   1. Your name
   2. Your contact information
   3. The investment account that you would like to modify
   4. The new information that you would like to update
5. Once you have entered all the required information, you need to click on the "Submit" button. The entire process would take only a few minutes to complete.
6. Your holdings verification will be modified within 24-48 hours. Or, however, in some cases, it can even take up to 72 hours.

Note: You can modify your holdings verification at any time of the day. But if you do this after market hours, then your holdings verification will be modified for the next trading day.

Benefits of Modifying Your Holdings Verification

There are several benefits of modifying your holdings verification, including:

• You will be able to access new investment opportunities.
• It is secure. All your personal and financial information is encrypted and protected.
• Ensuring that your tax information is accurate
• It is convenient. You can do it from the comfort of your own home.
• It is easy to use. The instructions are clear and concise.
• It is free. There is no charge to use eDIS.

Documents Required for eDIS Modification

The documents that are required to modify your holdings verification can vary depending on your account type. However, some of the common documents that you may need to upload include:

• PAN card
• Aadhaar card
• Bank account statement
• Demat account statement
• Trading account statement

Additional Tips for Modifying Holdings Verification

Here are some additional tips for modifying your holdings verification:

• Make sure that you have all the required documentation before you start the process.
• Double-check all the information that you enter before you submit it.
• Keep a copy of the confirmation email you receive after submitting your request.

Conclusion

Modifying your holdings verification is a simple and easy process. It can be done online, and it only takes a few minutes. 

By modifying your holdings verification, you can enjoy the benefits of trading shares and securities more easily, accessing new investment opportunities, and complying with the law.

If you have not modified your eDIS for a while, we encourage you to do so today. It is a quick and easy process that can help you protect your investments and your financial future.

FAQs

Q: What happens after I submit my eDIS modification request?

A: After submitting your eDIS modification request, Motilal Oswal will review and update your holdings verification if approved. If denied, MO will notify you of the reason.

Q: What if I have any questions?

A: If you have any questions about how to modify your holdings verification, you can contact Motilal Oswal customer support at 022 40548000, 022 67490600, or mail at query@motilaloswal.com.

Q: Why do I need to modify my holdings verification?

A: You might need to modify your holdings verification to update your account information or make changes to your investment portfolio, such as adding or removing stocks.