uTrade Algos mandates the linking or verification of your Aadhaar details to ensure compliance with stringent regulatory guidelines, including the Know Your Customer (KYC) norms enforced by regulatory bodies like the Securities and Exchange Board of India (SEBI). Hence, during the account opening procedure, you might be directed to the e-Aadhaar site to furnish your Aadhaar details and finalise the verification process.
Bypassing the Aadhaar verification step is not an option. In fact, numerous platforms operating in India enforce Aadhaar verification as an integral part of the KYC process. This stringent procedure ensures compliance with regulatory standards and protocols.
- The e-Aadhaar site provides a convenient platform for users to access their Aadhaar information online and download a digitally signed copy of their Aadhaar card.
- Typically, Aadhaar verification involves the transmission of a One-Time Password (OTP) to the registered mobile number for validation purposes.
- It’s important to note that an inactive mobile number linked to your Aadhaar number could pose challenges in the verification process required for opening an algo trading account.