Is it possible to open a Demat account without an Aadhar card | Motilal Oswal
Is it possible to open a Demat account without an Aadhar card | Motilal Oswal

Is it possible to open a Demat account without an Aadhar card

When trying to open a demat account online, one should have the following two documents:

  1. PAN Card
  2. Aadhar Card

But what if you don't have your Aadhar Card for the following reasons?

- Aadhar Card and mobile number are not linked.

- The applicant does not receive the Aadhar OTP.

- The website's server is unavailable.

- The applicant's registered mobile number does not have an incoming SMS service, and so on.

You can quickly switch to an alternative solution, eMudhra, in any of these instances. Let's get started on opening a Demat account with Motilal Oswal.

  • How to Open a Demat Account Without an Aadhar Card?

In general, the online account opening process entails inputting basic information, uploading documents, and signing documents electronically using the NSDL portal. If you do not have an Aadhar card or do not receive an Aadhar OTP on your linked mobile number, you can simply switch to the eMudhra, which has the following steps:

Step 1 : Follow the regular account opening procedure by supplying the essential documentation for a demat account, such as a PAN Card, Address Proof, Photograph, Email Id, and Mobile Number.

Step 2: For the additional verification, which includes the NSDL verification, the procedure reverses the steps.

Step 3: If an applicant does not have an Aadhar Card, the NSDL verification is skipped and the eMudhra eSign verification is used instead.

Step 4: Fill up the Name and Email Id fields on the eMudhra eSign form once more.

Step 5: On the eMudhra, fill in the information such as PAN Card, Email Id, Name, OTP sent to the Email Id, and documents once again, then click Save & Continue.

Step 6: The final step is to post the video by using the provided text and recording it out loud. After that, display the PAN Card and other government-issued proof of address for at least 5 seconds.

After you've been authenticated, your account will open in a matter of minutes, allowing you to trade using your Demat account.

Wrapping Up

To avoid any delays, make sure you double-check your information and bring in a government-issued photo ID. Even if you don't have an Aadhar card, you can now register a demat account. Get in touch with Motilal Oswal right now to begin trading.

Related Articles: How to Open a Demat Account Without a Broker | Factors to Keep in Mind While Opening a Demat account | Factors to Consider When Opening a Demat Account | 10 Points to Remember When Operating your Demat Account | Types Of Demat Account & Trading Account

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