Extend deadline to link PAN-Aadhaar by three months: Brokers' plea to Sebi

With the deadline to link the permanent account number (PAN) with Aadhaar almost nearing its end, an industry body representing domestic brokerages has requested the market regulator for another extension of three months.

According to brokers and mutual fund transfer agents, millions of demat accounts as well as mutual fund (MF) folios are yet to link their PAN and Aadhaar.

The Securities and Exchange Board of India (Sebi) has warned operations in all such accounts will be suspended. The warning comes after extensions in the deadline. From April 1, 2022, accounts where Pan-Aadhaar seeding has not taken place will not