Mutual Fund Investment: If you prefer the option of investing in mutual funds, then it is important for you to know that it is mandatory to link PAN card and Aadhaar. We have already explained how to link Aadhaar and PAN many times and you can check them for your convenience. However, still a large number of people have not linked Aadhaar with PAN card.
Why is it necessary to link aadhar and pan card to invest in mutual funds
To invest in mutual funds, you must have a demat account and your PAN must be linked with Aadhaar to open it. Therefore, for you to invest money in mutual funds, you need demat and to open demat you need aadhar-pan link. According to the rules of Income Tax, it is mandatory to have PAN and Aadhaar linked to do any work related to the financial sector.
There are two easy ways to link Aadhar-PAN for your mutual funds and by using them, you can easily complete the task.
You can also link through SMS
You can also sync Aadhaar Mutual Fund through your simple feature phone or smartphone. For this, type SMS and send it to 9212993399. After sending the SMS, a confirmation message will be sent to your number so that you will know that your Aadhaar-PAN Linked Mutual Fund has been approved.
online process of linking mutual fund with aadhaar number
- For the online process, one has to first visit the official website of the registrar of mutual funds and use the CAMS.
- must visit this site
- After selecting the OTP generated process, click on the Sign In button.
- Now fill the mutual fund Aadhaar seeding form in which it is mandatory to mention PAN card number as well.
- After filling the form you have to submit it.
- After completing Aadhaar authentication, OTP will be sent to your mobile.
- Finally, fill it in the requested column and after that the process will be completed and the confirmation message will come.
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