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CDSL gets UIDAI nod for e-KYC authentication for opening accounts online

CDSL said it will facilitate intermediaries to offer seamless online account opening using Aadhaar-based e-KYC

investment rules, fpi norm, kyc norm
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In May, markets regulator Sebi had listed eight entities, including CDSL and CDSL Ventures, to undertake e-KYC Aadhaar authentication. Illustration by Binay Sinha

Press Trust of India New Delhi
Leading depository CDSL on Friday said it has received clearance from UIDAI to carry out e-KYC authentication using Aadhaar. The clearance has been obtained to act as a local Authentication User Agency (AUA) or e-KYC User Agency (KUA), CDSL said in a statement.

Once market intermediaries register as KUA, they can open accounts using Aadhaar-based e-KYC (electronic Know Your Customer).

CDSL said it will facilitate intermediaries to offer seamless online account opening using Aadhaar-based e-KYC.

The depository maintains and services over 24 million demat accounts of investors spread across the country.

In July, CDSL Ventures, a wholly-owned subsidiary of Central