uTrade Algos

Do I have to go through a long KYC process to open a demat account with Share India?

While opening your demat account with Share India, the Know Your Customer (KYC) process is mandatory to ensure proper compliance with government regulations. The account opening process with Share India is straightforward, given its integrated KYC process with DigiLocker. Once you link your account and upload the necessary documents, the process is smooth and will allow you to trade without issues on uTrade Algos.

What is DigiLocker and how is it helpful?

DigiLocker is a digital platform launched by the Government of India to provide citizens with a secure and dedicated personal digital space for storing various official documents and certificates digitally. It enables individuals to store and access digital copies of documents issued by various government departments, organizations, and agencies.

Users can upload and store documents such as Aadhaar Card, driver’s licenses, vehicle registration certificates, academic certificates, property documents, and more in the DigiLocker account. The platform aims to reduce paperwork, simplify document storage and retrieval, and facilitate easier access to government-issued certificates and documents anytime, anywhere using the DigiLocker mobile app or website.

It also supports the concept of ‘paperless governance’ and allows for the sharing of documents with other entities or government agencies electronically, enabling quicker verification and authentication processes. DigiLocker ensures the security and authenticity of documents through secure access controls and digital signatures, making it a convenient and secure way for individuals to manage their official documents digitally.