Sebi allows Aadhaar as valid address proof for investors (Times of India)
Market regulator Sebi today said investors can use ‘Aadhaar’ cards as a valid address proof for their accounts with brokerage firms, mutual funds, portfolio managers and other capital market entities.
‘Aadhaar’, a 12-digit individual identification number issued by UIDAI (Unique Identification Authority of India), is already permitted as a valid identity proof document in the capital market.
Offering investment opportunities to the poor should be good for both the poor and the economy in general.