Punch requires Aadhaar verification as mandated by SEBI to prevent account restrictions or closure. Use DigiLocker to securely fetch Aadhaar and PAN for registration.
As per the regulations of the Securities and Exchange Board of India (SEBI), it is mandatory to link Aadhar with a trading & demat account. Not linking Aadhaar can lead to restrictions on transactions or even closure of the account.
Digilocker is a digital storage platform launched by the Government of India. It securely stores various documents like Aadhaar, PAN, driving license, voter ID, and academic mark sheets online.
How can I get PAN and Aadhaar details from DigiLocker?
To simplify account opening, we fetch your Aadhaar and PAN details directly from DigiLocker.
This method is secure and saves you the trouble of manual entry.
If DigiLocker contains only one of the two documents, you will need to manually enter the other to complete verification.