HOW TO LINK AADHAAR WITH MUTUAL FUNDS

aadhaarRecently government made a recent amendment in the Prevention of Money Laundering Act (PMLA) Rules, 2017. This had made everyone mandatory to link Aadhaar number to every investment vehicle. Linking your Aadhaar is very easy and mostly an online process.

1. Trading & Demat account – You need to contact your broker, who will guide you through their respective online process.

If your account is with Zerodha you can do easily link Aadhaar here.

2. Mutual Funds– We can purchase Mutual Funds, either by a broker or directly from AMC. In both the cases, the process of linking Aadhaar is same. You need to either do this process online or offline. For online you need to visit these Registrar and Transfer (R&T) agent  CAMS or KARVY websites and need to provide PAN and DOB for verification purposes.

ICICI Prudential Mutual Fund, HDFC Mutual Fund, and Birla Sun Life Mutual Fund- Link Aadhaar on CAMS Website

Reliance Mutual Fund and UTI Mutual Fund -Link Aadhaar on KARVY Website

Franklin Templeton Mutual Funds can only update Aadhaar on their website.

Once you authenticate yourself successfully via PAN, list of Mutual Funds folios which are registered under your PAN will be shown. On CAMS website, you will also need your Aadhaar registered mobile number, as one-time verification OTP will be sent on that for completion of the process.

Once you complete the above steps, you will receive a confirmation mail from CAMS or KARVY. Currently 31, December 2017 is the deadline to link your Mutual Fund folio to Aadhaar.

3. Banks accounts – You also need to link your bank accounts with Aadhaar. Most of the bank support registering Aadhaar on their respective internet banking websites. You can check verify or add Aadhaar to your bank account in your profile section of internet banking. You can contact their customer care for the same if you not able to find an option for linking Aadhaar.

Step by step instructions are given here

Read: Thinking to invest in Stock market, Start here

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